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Assessment of transport infrastructure projects by the use of Monte Carlo simulation: the CBA-DK model

Authors:

Kim Bang Salling,

Steen LeleurAuthors Info & Claims

WSC '06: Proceedings of the 38th conference on Winter simulation

Pages 1537 - 1544

Published: 03 December 2006 Publication History

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Abstract

This paper presents the Danish CBA-DK software model for assessment of transport infrastructure projects. The assessment model is based on both a deterministic calculation following the cost-benefit analysis (CBA) methodology in a Danish manual from the Ministry of Transport and on a stochastic calculation, where risk analysis (RA) is carried out using Monte Carlo Simulation (MCS). After a description of the deterministic and stochastic calculations emphasis is paid to the RA part of CBA-DK with considerations about which probability distributions to make use of. Furthermore, a comprehensive assessment of the set of distributions are made. Finally conclusions and a perspective are presented.

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Cited By

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Salling KLeleur STew J(2007)Appraisal of airport alternatives in Greenland by the use of risk analysis and Monte Carlo simulationProceedings of the 39th conference on Winter simulation: 40 years! The best is yet to come10.5555/1351542.1351895(1986-1993)Online publication date: 9-Dec-2007
https://dl.acm.org/doi/10.5555/1351542.1351895

Assessment of transport infrastructure projects by the use of Monte Carlo simulation: the CBA-DK model
1. Applied computing

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Published In

WSC '06: Proceedings of the 38th conference on Winter simulation

December 2006

2429 pages

ISBN:1424405017

Editors:
L. Felipe Perrone
Bucknell University
,
Barry G. Lawson
University of Richmond
,
Jason Liu
Colorado School of Mines
,
Frederick P. Wieland
Sensis Corporation
,
General Chair:
David Nicol
University of Illinois, Urbana-Champaign
,
Program Chair:
Richard Fujimoto
College of Computing, Georgia Tech

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Winter Simulation Conference

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Published: 03 December 2006

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WSC06: Winter Simulation Conference 2006

December 3 - 6, 2006

California, Monterey

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WSC '06 Paper Acceptance Rate 177 of 252 submissions, 70%;

Overall Acceptance Rate 3,413 of 5,075 submissions, 67%

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Salling KLeleur STew J(2007)Appraisal of airport alternatives in Greenland by the use of risk analysis and Monte Carlo simulationProceedings of the 39th conference on Winter simulation: 40 years! The best is yet to come10.5555/1351542.1351895(1986-1993)Online publication date: 9-Dec-2007
https://dl.acm.org/doi/10.5555/1351542.1351895

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Using Monte-Carlo simulation for risk assessment: application to occupational exposure during remediation works

Risk assessment in cross-border transport infrastructure projects: A fuzzy hybrid method considering dual interdependent effects

Monte Carlo Method

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