Publication details
Conference Paper (international conference)
Total cost of a construction - a mathematical model
,
: Proceedings of the 21th International Conference Mathematical Methods in Economics 2003, p. 15-19 , Eds: Houška M.
: Czech University of Agriculture, (Prague 2003)
: MME 2003, (Prague, CZ, 10.09.2003-12.09.2003)
: CEZ:AV0Z1075907
: GA103/00/0603, GA ČR, GA201/02/0621, GA ČR
: mathematical model, probability distribution, total cost
(eng): 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.
: 12B
: BB