Implementing construction innovation often involves experimentation, iteration and refinement of activities that are reliant on volatile information. Construction organisations should exhibit specific characteristics to promote new technology and to overcome the expected barriers to innovation in order to achieve the desired competitive advantage, pursue new markets and improve productivity. This chapter introduces a model to simulate the risk effect on the process of implementing technological innovations in construction. It includes the model hypothesis, techniques and its application on a case study.
|Title of host publication||In: Ogunlana and Dey (Eds) Risk Management in Engineering and Construction: Tools and Techniques|
|Place of Publication||London|
|Number of pages||26|
|Publication status||Published - 2019|
Motawa, I. (2019). Modelling risk effect using Monte Carlo Technique: an application for innovative projects. In In: Ogunlana and Dey (Eds) Risk Management in Engineering and Construction: Tools and Techniques (1st ed.). Routledge. https://doi.org/10.4324/9780203887059