The Calculation Method of Basic Reserve Fund in Power Grid Construction Project: A Case Study From China

摘要

This paper studied the calculation method of basic reserve fund (BRF) based on distribution fitting and Monte Carlo Simulation (MCS) in power grid construction project (PGCP). BRF copes with the various unforeseen expenses in the process of budget compilation. Nowadays, the measuring method with fixed rate cannot adapt to the request, because of the BRF with larger uncertainty influence factors. MCS technique can achieve a good simulation to solve the problem of uncertainty. The research first uses MINITAB to analysis the distribution of various influence factors, then uses MATLAB to build calculation model to take the stochastic simulation for many times, finally gets a more realistic BRF. A case from China is used to confirm this calculation method works well.