Comparative Study of Monte Carlo Simulation and the Deterministic Model to Analyze Thermal Insulation Costs

Comparative Study of Monte Carlo Simulation and the Deterministic Model to Analyze Thermal Insulation Costs

The main purpose of this paper is to implement a simulation model in @RISK<sup>TM</sup> and study the impact of incorporating random variables, such as the degree days in a traditional deterministic model, for calculating the optimum thickness of thermal insulation in walls. Currently, g...

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Bibliographic Details
Main Authors: Marco Antonio Montufar Benítez, Jaime Mora Vargas, José Raúl Castro Esparza, Héctor Rivera Gómez, Oscar Montaño Arango
Format: Article
Language:English
Published: MDPI AG 2024-03-01
Series:AppliedMath
Subjects:
thermal insulation
Monte Carlo simulation
life cycle cost
green building
optimal thickness
engineering economics
Online Access:https://www.mdpi.com/2673-9909/4/1/16

Internet

https://www.mdpi.com/2673-9909/4/1/16

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