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.
|Title of host publication||Proceedings of the 2006 Winter Simulation Conference|
|Publication status||Published - 2006|
|Event||Winter Simulation Conference 2006 - Monterey, United States|
Duration: 3 Dec 2006 → 6 Dec 2006
|Conference||Winter Simulation Conference 2006|
|Period||03/12/2006 → 06/12/2006|