Original title: Total cost of a construction - a mathematical model
Authors: Bauer, K. ; Lachout, Petr
Document type: Papers
Conference/Event: MME 2003, Prague (CZ), 2003-09-10 / 2003-09-12
Year: 2003
Language: eng
Abstract: The paper presents a mathematical model for a total cost of a larger construction, e.g. a factory, a department store, a speed-way, etc. The total cost is divided into several subcosts according to specific features. Each particular subcost is considered to be random by nature, and, consequently, the total cost itself is random in our model. We aim to give a tool convenient for decision making.
Keywords: mathematical model; probability distribution; total cost
Project no.: CEZ:AV0Z1075907 (CEP), GA103/00/0603 (CEP), GA201/02/0621 (CEP)
Funding provider: GA ČR, GA ČR
Host item entry: Proceedings of the 21th International Conference Mathematical Methods in Economics 2003

Institution: Institute of Information Theory and Automation AS ČR (web)
Document availability information: Fulltext is available at the institute of the Academy of Sciences.
Original record: http://hdl.handle.net/11104/0131250

Permalink: http://www.nusl.cz/ntk/nusl-35004


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Research > Institutes ASCR > Institute of Information Theory and Automation
Conference materials > Papers