Description
Book Synopsis: Probability Methods for Cost Uncertainty Analysis: A Systems Engineering Perspective, Second Edition gives you a thorough grounding in the analytical methods needed for modeling and measuring uncertainty in the cost of engineering systems. This includes the treatment of correlation between the cost of system elements, how to present the analysis to decision-makers, and the use of bivariate probability distributions to capture joint interactions between a system’s cost and schedule. Analytical techniques from probability theory are stressed, along with the Monte Carlo simulation method. Numerous examples and case discussions illustrate the practical application of theoretical concepts.
While the original chapters from the first edition remain unchanged, this second edition contains new material focusing on the application of theory to problems encountered in practice. Highlights include the use of GERM to build development and production cost estimating relationships as well as the eSBM, which was developed from a need in the community to offer simplified analytical alternatives to advanced probability-based approaches. The book also lists the major technical works of the late Dr. Stephen A. Book, a mathematician and world-renowned cost analyst whose contributions advanced the theory and practice of cost risk analysis.
Details
Are you tired of cost uncertainty hampering your engineering projects? Look no further! Introducing Probability Methods for Cost Uncertainty Analysis: A Systems Engineering Perspective, Second Edition. This comprehensive book equips you with the necessary analytical techniques to model and measure uncertainty in engineering systems' costs. With a strong emphasis on probability theory and Monte Carlo simulation, you'll gain the ability to analyze correlation between system elements and present your findings effectively to decision-makers. Don't let cost uncertainty hinder your success - get your copy today!
Ready to take your cost uncertainty analysis to the next level? Probability Methods for Cost Uncertainty Analysis: A Systems Engineering Perspective, Second Edition has got you covered! This updated edition features new material catering to real-world challenges. Learn how to build development and production cost estimating relationships using the innovative GERM model. Additionally, explore the simplified analytical alternatives offered by the eSBM method, which provides practical solutions for complex probability-based approaches. Gain insights from case discussions and examples, and unleash the full potential of your engineering projects!
Discover an invaluable resource in Probability Methods for Cost Uncertainty Analysis: A Systems Engineering Perspective, Second Edition. Developed by the late Dr. Stephen A. Book, a world-renowned cost analyst and mathematician, this book combines theoretical concepts with practical applications. By mastering the provided analytical methods, you'll be able to accurately capture joint interactions between cost and schedule using bivariate probability distributions. Take advantage of Dr. Book's immense contributions to the field, and elevate your cost risk analysis to new heights!
Don't let cost uncertainty hold back your engineering projects any longer. Get your hands on Probability Methods for Cost Uncertainty Analysis: A Systems Engineering Perspective, Second Edition, and equip yourself with the tools and knowledge needed to tackle uncertain costs head-on. Empowered with a strong foundation in probability theory and Monte Carlo simulation, you'll be able to present your analysis effectively to decision-makers. Take charge of uncertainty and build a successful future for your engineering endeavors - order your copy now!
Click here to get Probability Methods for Cost Uncertainty Analysis: A Systems Engineering Perspective, Second Edition and unlock the secrets to accurate cost modeling and uncertainty measurement. Don't miss out on this opportunity to revolutionize your engineering projects!
Discover More Best Sellers in Engineering
Shop Engineering
PPI PE Civil Reference Manual, 16th Edition, A Comprehensive Civil Engineering Review Book
$220.00


$39.65


Elegant Circuits: Simple Chaotic Oscillators
$119.85


Hands-On Introduction to LabVIEW for Scientists and Engineers
$57.00


The PDMA Handbook of Innovation and New Product Development
$117.61


Digital Twin Development: An Introduction to Simcenter Amesim
$69.99
