Seminar - Hemanta Doloi - Application of Simulation Tools for Strategic Decision Evaluation In Life Cycle Project Management

Wednesday, July 19, 2000, 3 - 4 pm
Civil Engineering Lecture Room 3

Abstract

This presentation focuses on a new application for simulation as a tool specifically designed for holistic evaluation of project functionality within a life cycle project management framework. The author describes a methodology for development of the aforementioned simulation tool, dubbed as DSMS (Dynamic Simulation Modelling System), devoted to project management decision-making. The simulation model can act as a dynamic vehicle for optimising technical and operational functionality at both development and operational phases of projects. Thus the simulation approach is considered as an added facility in the quest of optimising decisions to resolve progressively market and external uncertainties associated typically with the project’s environment.