Domain-specific risk assessment using integrated simulation: a case study of an onshore wind project

Although many quantitative risk assessment models have been proposed in literature, their use construction practice remain limited due to a lack of domain-specific models, tools, and application examples. This is especially true wind farm construction, where the state-of-the-art integrated Monte Carlo simulation critical path method (MCS–CPM) approach has yet be demonstrated. The present case study first reported MCS–CPM for consider correlations between cost schedule impacts factors using copulas. provided reasonable results project, its recommended. To facilitate practical methods, this provides much-needed analytical generalization MCS–CPM, offering examples, discussion expected results, recommendations practitioners.