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Dai, H, Cao, G and Su, H (2006) Management and Construction of the Three Gorges Project. Journal of Construction Engineering and Management, 132(06), 615–9.

Dzeng, R (2006) Identifying a Design Management Package to Support Concurrent Design in Building Wafer Fabrication Facilities. Journal of Construction Engineering and Management, 132(06), 606–14.

Ezeldin, A S and Sharara, L M (2006) Neural Networks for Estimating the Productivity of Concreting Activities. Journal of Construction Engineering and Management, 132(06), 650–6.

Fang, D, Chen, Y and Wong, L (2006) Safety Climate in Construction Industry: A Case Study in Hong Kong. Journal of Construction Engineering and Management, 132(06), 573–84.

Hegab, M, Smith, G R and Salem, O M (2006) Soil Penetration Modeling in Microtunneling Projects. Journal of Construction Engineering and Management, 132(06), 598–605.

Huang, R and Sun, K (2006) Non-Unit-Based Planning and Scheduling of Repetitive Construction Projects. Journal of Construction Engineering and Management, 132(06), 585–97.

Khalafallah, A and El-Rayes, K (2006) Minimizing Construction-Related Hazards in Airport Expansion Projects. Journal of Construction Engineering and Management, 132(06), 562–72.

Lo, T Y, Fung, I W and Tung, K C (2006) Construction Delays in Hong Kong Civil Engineering Projects. Journal of Construction Engineering and Management, 132(06), 636–49.

Nassar, K M and Hegab, M Y (2006) Developing a Complexity Measure for Project Schedules. Journal of Construction Engineering and Management, 132(06), 554–61.

Yi, K and Langford, D (2006) Scheduling-Based Risk Estimation and Safety Planning for Construction Projects. Journal of Construction Engineering and Management, 132(06), 626–35.

Zhao, T and Fu, C C (2006) Infrastructure Development and Expansion under Uncertainty: A Risk-Preference-Based Lattice Approach. Journal of Construction Engineering and Management, 132(06), 620–5.

  • Type: Journal Article
  • Keywords: Infrastructure; Facility expansion; Risks; Lattices; Uncertainty principles; Decision making; Optimization;
  • ISBN/ISSN: 0733-9364
  • URL: https://doi.org/10.1061/(ASCE)0733-9364(2006)132:6(620)
  • Abstract:
    Optimal infrastructure development and expansion decision making requires taking into account contingent expansion decisions and underlying uncertainty, such as demand, during the planning period. Recent publications on life cycle management have used lattice models and Markov decision models to evaluate infrastructure development and management policies. In this paper, a risk-preference based lattice model is presented, and it provides the optimal contingent decisions in terms of a risk preference that can be other than risk neutrality. The proposed methodology is demonstrated in an example involving constructing and expanding a parking garage.