Wentworth
Institute of Technology
Megaproject risk analysis and simulation : a dynamic systems approach /
Providing new knowledge on risk analysis and simulation for megaprojects, this book is essential reading for both academics and practitioners. Its focus is on technical descriptions of a newly developed dynamic systems approach to megaproject risk analysis and simulation. This is backed up by a disc...
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| Main Authors: | , , |
|---|---|
| Format: | Electronic eBook |
| Language: | English |
| Published: |
Bingley :
Emerald Publishing Limited,
2017.
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| Series: | Online access with EBA: Emerald Business, Management & Economics.
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| Subjects: | |
| Online Access: |
Full text (Wentworth users only) |
| Local Note: | ProQuest Ebook Central |
Table of Contents:
- Front Cover; Megaproject Risk Analysis and Simulation: A Dynamic Systems Approach; Copyright Page; Dedication; Contents; Abbreviations; List of Figures; List of Tables; List of Exhibits; List of Equations; Acknowledgements; About the Authors; Preface; Foreword; Chapter 1 Introduction; 1.1. Introduction; 1.2. The Problem with Megaprojects; 1.2.1. Megaproject Risks; 1.2.2. Megaproject Risk Assessment; 1.2.3. A New Risk Assessment Framework; 1.3. Purpose and Scope; 1.4. Structure of the Book; 1.5. Originality and Value; 1.6. Summary; Chapter 2 The Edinburgh Tram Network (ETN) Project.
- 2.1. Introduction2.2. Background to the Project; 2.2.1. The 1871-1956 Era; 2.2.2. The New Edinburgh Tram Network; 2.2.3. Tram Network Construction and Civil Engineering Works; 2.2.4. Contractual Disputes; 2.3. STEEP Risks; 2.3.1. Social Issues; 2.3.2. Technical Issues; 2.3.3. Environmental Issues; 2.3.4. Political Issues; 2.4. Summary; Chapter 3 Megaproject Risks Assessment Framework; 3.1. Introduction; 3.2. Risk Analysis Framework; 3.2.1. The ANP Modelling Route; 3.2.1.1. ANP model structure development; 3.2.1.2. Pairwise comparison; 3.2.1.3. Consistency test; 3.2.2. The SD Modelling Route.
- 3.3. Risk Clusters3.3.1. The Social Risks Cluster; 3.3.2. Technical Risk Cluster; 3.3.3. Economic Risks; 3.3.3.1. Completion risks; 3.3.3.2. Market risk; 3.3.4. Environmental Risk Cluster; 3.3.5. Political Risk Cluster; 3.4. Summary; Chapter 4 Megaproject Risk Quantification; 4.1. Introduction; 4.2. Analysis of Risk Interdependency; 4.2.1. Qualitative Approaches; 4.2.2. The Quantitative Approach; 4.2.3. Descriptive Quantitative Results and Analysis; 4.2.4. Standardized Quantitative Results and Analysis; 4.2.5. Adjustments of Participants' Opinions; 4.3. ANP Model; 4.4. Pairwise Comparison.
- 4.5. Risk Interdependency Matrix4.5.1. Project Objectives Cluster; 4.5.2. Potential Risks Cluster; 4.5.3. Potential Risks Sub-Clusters; 4.6. Supermatrix Calculation; 4.7. Risk Rating; 4.8. Consistency Test; 4.9. Risk Priority Index (RPI); 4.10. Summary; Chapter 5 Risk Simulation; 5.1. Introduction; 5.2. Project Risk Systems Model; 5.2.1. Model Causality; 5.2.2. Initial Model Development; 5.2.3. System Boundaries; 5.3. STEEP Risks System; 5.3.1. Social Risks System; 5.3.1.1. The vicious cycle of social risks generation; 5.3.1.2. The vicious cycle of grievance prevention.
- 5.3.1.3. Causalities for social risk stock variables5.3.2. Technical Risks System; 5.3.2.1. Causalities for technical risk stock variables; 5.3.3. Economic Risks System; 5.3.3.1. Causalities for the economic risks stock variables; 5.3.4. Environmental Risks System; 5.3.4.1. Causalities for environmental risks stock variables; 5.3.5. Political Risks System; 5.3.5.1. Causalities for political risks stock variables; 5.4. System Verification; 5.5. System Modelling, Testing and Simulation; 5.5.1. Integrated Stock and Flow STEEP Models; 5.5.2. Model Equation Formulation.