Assessment of Transport Infrastructure Projects by the use of Monte Carlo Simulation: The CBA-DK Model

Publication: Research - peer-reviewArticle in proceedings – Annual report year: 2006

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This paper presents the Danish CBA-DK software model for assessment of transport infrastructure projects. The as-sessment model is based on both a deterministic calcula-tion following the cost-benefit analysis (CBA) methodol-ogy in a Danish manual from the Ministry of Transport and on a stochastic calculation, where risk analysis (RA) is car-ried out using Monte Carlo Simulation (MCS). After a de-scription of the deterministic and stochastic calculations emphasis is paid to the RA part of CBA-DK with consid-erations about which probability distributions to make use of. Furthermore, a comprehensive assessment of the set of distributions are made. Finally conclusions and a perspec-tive are presented.
Original languageEnglish
Title of host publicationProceedings of the 2006 Winter Simulation Conference
PublisherIEEE
Publication date2006
Pages1537-1544
ISBN (print)1-4244-0500-9
DOIs
StatePublished

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ConferenceWinter SImulation Conference
Period01/01/06 → …

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Copyright: 2006 IEEE. Personal use of this material is permitted. However, permission to reprint/republish this material for advertising or promotional purposes or for creating new collective works for resale or redistribution to servers or lists, or to reuse any copyrighted component of this work in other works must be obtained from the IEEE

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