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- 1Bayesian updating
- 1Cash Flow Management
- 1Construction simulation
- 1Geological prediction
- 1Invoice Management
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Fall 2013
Construction project costs are exchanged in the form of large numbers of purchase orders, which translates into many thousands of invoices. In typical contractual relationships, these invoices are exchanged between all parties involved in a construction project, including owners, engineers,...
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Implementation of Bayesian Updating and Markov Chains to Improve Simulation of Stochastic Processes in Construction
DownloadSpring 2018
This thesis was mainly concerned with improving model-based prediction and forecasting of state variables of processes or systems using new, periodically-generated data within the construction domain. Some of these data are generated from field tests performed during feasibility studies, while...