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Determining Project Contingency Reserve Using a Fuzzy Arithmetic-Based Risk Analysis Method
Download2020-01-01
Fateminia, Seyed Hamed, Siraj, Nasir Bedewi, Fayek, Aminah Robinson, Johnston, Andrew
Traditional techniques for estimating contingency reserve fail to capture subjective uncertainties and expert knowledge, and they rely on historical data. This paper proposes a fuzzy risk analysis model (FRAM) that uses fuzzy arithmetic to analyze risk and opportunity events and determine...
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