In this paper, motivated by interest in simulating the expenditure patterns of construction projects, we introduce the mathematical concept of Exponential-Beta function by
$$ F ( \alpha ,\beta ) := \int _{0}^{1}\exp \bigl[ x^{\alpha } ( 1-x ) ^{\beta } \bigr]\,dx, $$
F
(
α
,
β
)
:
=
∫
0
1
exp
[
x
α
(
1
−
x
)
β
]
d
x
,
where α, β are positive numbers. Taylor’s-type approximations, several analytic inequalities, and global convexity properties are established.