0411164 - UTIA-B 20030151 RIV CZ eng C - Conference Paper (international conference)
Bauer, K. - Lachout, Petr
Total cost of a construction - a mathematical model.
Prague: Czech University of Agriculture, 2003. ISBN 80-213-1046-4. In: Proceedings of the 21th International Conference Mathematical Methods in Economics 2003. - (Houška, M.), s. 15-19
[MME 2003. Prague (CZ), 10.09.2003-12.09.2003]
R&D Projects: GA ČR GA103/00/0603; GA ČR GA201/02/0621
Institutional research plan: CEZ:AV0Z1075907
Keywords : mathematical model * probability distribution * total cost
Subject RIV: BB - Applied Statistics, Operational Research

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.
Permanent Link: http://hdl.handle.net/11104/0131250