Probability Methods for Cost Uncertainty Analysis: A Systems Engineering Perspective, Second Edition - Paul R. Garvey - Books - Taylor & Francis Inc - 9781482219753 - December 22, 2015
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Paul R. Garvey
Probability Methods for Cost Uncertainty Analysis: A Systems Engineering Perspective, Second Edition 2nd edition

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Probability Methods for Cost Uncertainty Analysis: A Systems Engineering Perspective, Second Edition gives you a thorough grounding in the analytical methods needed for modeling and measuring uncertainty in the cost of engineering systems. This includes the treatment of correlation between the cost of system elements, how to present the analysis to decision-makers, and the use of bivariate probability distributions to capture joint interactions between a system?s cost and schedule. Analytical techniques from probability theory are stressed, along with the Monte Carlo simulation method. Numerous examples and case discussions illustrate the practical application of theoretical concepts.

While the original chapters from the first edition remain unchanged, this second edition contains new material focusing on the application of theory to problems encountered in practice. Highlights include the use of GERM to build development and production cost estimating relationships as well as the eSBM, which was developed from a need in the community to offer simplified analytical alternatives to advanced probability-based approaches. The book also lists the major technical works of the late Dr. Stephen A. Book, a mathematician and world-renowned cost analyst whose contributions advanced the theory and practice of cost risk analysis.

524 pages, 171 black & white illustrations, 62 black & white tables

Media Books     Hardcover Book   (Book with hard spine and cover)
Released December 22, 2015
ISBN13 9781482219753
Publishers Taylor & Francis Inc
Pages 528
Dimensions 236 × 160 × 38 mm   ·   942 g
Language English  

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