Publications / 2001 Proceedings of the 18th ISARC, Krakow, Poland

Risk Evaluation in Road Construction with Neural Networks and Monte Carlo Simulation

Tao-Sheng (Doxon) Wu, Hui-Yu Chou
Pages 1-6 (2001 Proceedings of the 18th ISARC, Krakow, Poland, ISBN 9788386040117, ISSN 2413-5844)
Abstract:

This study shows the nature of weather risk with a sample project with different networks. The total duration will change by different networks, the starting month, and the different sites. To analyse how to evaluate the risk of weather, by using Mote Carlo simulation and Neural Network to predict potential delay, this study will tackle the risk of weather with proper management skills.

Keywords: Monte Carlo simulation, neural networks, risk management, weather, road construction