Browsing by Author "DM,Obare,M M,Muraya"

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    Analyzing the Risks in Highway Projects Using the Markov Chain Approach
    (sciepub, 2018-12-05) DM,Obare,M M,Muraya
    Theissuesassociatedtohighwayprojectsusuallyaffectaspectslikenatureoftheproject,costandtime. Riskeventsthatarenotusualalwaysgiverisetopositiveornegativefeedbackandnormallycausevariationsfrom project designs especially inclined to risk construction projects. However, more investigations have been done on riskmanagementassociatedtohighwayprojects,thereislimitedliteraturemoresototheriskoftheproject.These projectscanbeoverseenundersomedubiousconditionbyapplyingtheriskmanagementtechnique.Theaimofthis research was to demonstrate pertinence of the Markov Chain approaches in diminishing the risks of the highway projectsbyutilizationofdatafromtheprojects.OtherCommonlyutilizedproceduresdon'tinvestigatepotentialrisks successfully and subsequently the utilization of Markov chains. This project has made utilization of the Markov chainproceduretoevaluatetheshortandlong-termpotentialrisks.Thisresearchprojectutilizedriskdataacquired fromexpertsthroughquestionnaires.ThedatawasthenanalyzedutilizingtheOctavesoftware.