Cost and Other Additive Models
DOI link for Cost and Other Additive Models
Cost and Other Additive Models book
Many risk analyses require an estimate of the future cost of an undertaking. This might be the cost of a small construction project, the cost of upgrading a railway or the cost of delivering a PFI contract over many years. Having estimates of the costs are a key element of deciding how to budget for a project, how to price a bid, what contractual conditions to seek, what the range of returns might be and so on.