Simulation Based Project Selection Decision Analysis Tool

Topics:
Construction Services and Home Improvement
Tags:
Decision Analysis,
Finance,
Financial Accounting,
Management,
Managerial Accounting,
Selection,
Tools & Techniques,
University Of Calgary
Source:
University of Calgary

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Overview: Project selection is the process of evaluating individual projects, to choose the right project based on an analysis so that the objectives of the company will be achieved. It involves a thorough analysis including the most important financial aspect to determine the most optimum project among all the alternatives. The model presented in the paper shows a special purpose simulation tool for project selection based on influences that govern the project selection process. A graphical and hierarchical approach is adopted for the non-simulation experts to use the model to derive the expected results for project selection process and decision making under uncertain conditions.

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Format: PDF | Size: 215KB | Date: Nov 2002 | Pages: 8

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