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

Kim Bang Salling, Steen Leleur

    Research output: Chapter in Book/Report/Conference proceedingArticle in proceedingsResearchpeer-review

    682 Downloads (Pure)

    Abstract

    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
    Publication statusPublished - 2006
    EventWinter Simulation Conference 2006 - Monterey, United States
    Duration: 3 Dec 20066 Dec 2006

    Conference

    ConferenceWinter Simulation Conference 2006
    CountryUnited States
    CityMonterey
    Period03/12/200606/12/2006

    Bibliographical note

    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

    Fingerprint Dive into the research topics of 'Assessment of Transport Infrastructure Projects by the use of Monte Carlo Simulation: The CBA-DK Model'. Together they form a unique fingerprint.

    Cite this