A major dam project is taking place in central Africa. Your company is bidding on the able to obtain estimates from three subcontractors each for these major elements of below. Estimate the total median cost for these 3 unit cost subcontracts using Monter Bid 1 Bid 3 $15.1M $16.4M $16.8M Bypass Tumel Construction $18.4M $19.IM $20.2M Railroad Spur Construction $12.4M $14.3M $14.8M Task Bid 2 Powerhouse Construction

Structural Analysis
6th Edition
ISBN:9781337630931
Author:KASSIMALI, Aslam.
Publisher:KASSIMALI, Aslam.
Chapter2: Loads On Structures
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QUESTION 12
A major dam project is taking place in central Africa. Your company is bidding on the project and you have been
able to obtain estimates from three subcontractors each for these major elements of the project. The bids are given
below. Estimate the total median cost for these 3 unit cost subcontracts using Monte Carlo methods.
Bid 3
$15.1M $16.4M $16.8M
Bypass Tumel Construction $18.4M $19.1M $20.2M
Railroad Spur Construction $12.4M $14.3M $14.8M
Task
Bid 1
Bid 2
Powerhouse Construction
$49.0M
$49.1M
$49.2M
$49.3M
$49.4M
$49.5M
$49.6M
Transcribed Image Text:QUESTION 12 A major dam project is taking place in central Africa. Your company is bidding on the project and you have been able to obtain estimates from three subcontractors each for these major elements of the project. The bids are given below. Estimate the total median cost for these 3 unit cost subcontracts using Monte Carlo methods. Bid 3 $15.1M $16.4M $16.8M Bypass Tumel Construction $18.4M $19.1M $20.2M Railroad Spur Construction $12.4M $14.3M $14.8M Task Bid 1 Bid 2 Powerhouse Construction $49.0M $49.1M $49.2M $49.3M $49.4M $49.5M $49.6M
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