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2013 (Vol. 5, Issue: 04)
Article Information:

Risk Element Transmission Model of Construction Project Chain Based on System Dynamic

Cunbin Li, Gongshu Lu and Peng Li
Corresponding Author:  Cunbin Li 

Key words:  Construction project chain, risk element transmission, risk management, system dynamic, , ,
Vol. 5 , (04): 1407-1412
Submitted Accepted Published
July 09, 2012 August 08, 2012 February 01, 2013
Abstract:

This study aims to study the dynamic risk transmission process through project chain among multi projects, which means the risk of one project would influence other projects through project chain. Based on system dynamic, a model of risk element transmission in cost-period chain between 2 construction projects is established and then accordingly studies how the risk element influences the other project. At last an example is simulated by using system dynamic software and the final effect on other project result from risk element transmission is calculated, under which the risk managers would take reasonable risk response measures for risk management. Besides, the simulated result of model provides strong support for using system dynamic to do research on risk element transmission.
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  Cite this Reference:
Cunbin Li, Gongshu Lu and Peng Li , 2013. Risk Element Transmission Model of Construction Project Chain Based on System Dynamic.  Research Journal of Applied Sciences, Engineering and Technology, 5(04): 1407-1412.
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ISSN (Online):  2040-7467
ISSN (Print):   2040-7459
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