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

Kim Bang Salling, Steen Leleur

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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
    Publication date2006
    ISBN (Print)1-4244-0500-9
    Publication statusPublished - 2006
    EventWinter Simulation Conference 2006 - Monterey, United States
    Duration: 3 Dec 20066 Dec 2006


    ConferenceWinter Simulation Conference 2006
    CountryUnited States

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