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Abdollahipour, S, Jeong, D H S, Burman, R R and Gunsaulis, F (2012) Performance Assessment of On-Grade Horizontal Directional Drilling. Journal of Construction Engineering and Management, 138(03), 458–68.

Anastasopoulos, P C, Labi, S, Bhargava, A and Mannering, F L (2012) Empirical Assessment of the Likelihood and Duration of Highway Project Time Delays. Journal of Construction Engineering and Management, 138(03), 390–8.

Becerik-Gerber, B, Jazizadeh, F, Li, N and Calis, G (2012) Application Areas and Data Requirements for BIM-Enabled Facilities Management. Journal of Construction Engineering and Management, 138(03), 431–42.

Chi, S and Caldas, C H (2012) Image-Based Safety Assessment: Automated Spatial Safety Risk Identification of Earthmoving and Surface Mining Activities. Journal of Construction Engineering and Management, 138(03), 341–51.

Choi, K, Kwak, Y H, Pyeon, J and Son, K (2012) Schedule Effectiveness of Alternative Contracting Strategies for Transportation Infrastructure Improvement Projects. Journal of Construction Engineering and Management, 138(03), 323–30.

Hanna, A S (2012) Using the Earned Value Management System to Improve Electrical Project Control. Journal of Construction Engineering and Management, 138(03), 449–57.

Jain, K K and Bhattacharjee, B (2012) Application of Fuzzy Concepts to the Visual Assessment of Deteriorating Reinforced Concrete Structures. Journal of Construction Engineering and Management, 138(03), 399–408.

Kim, B, Lim, H, Kim, H and Hong, T (2012) Determining the Value of Governmental Subsidies for the Installation of Clean Energy Systems Using Real Options. Journal of Construction Engineering and Management, 138(03), 422–30.

Lee, D, Lim, T and Arditi, D (2012) Stochastic Project Financing Analysis System for Construction. Journal of Construction Engineering and Management, 138(03), 376–89.

  • Type: Journal Article
  • Keywords: Simulation; Scheduling; Construction management; Financing; Stochastic processes; Cashflow; Simulation; Scheduling; Project financing;
  • ISBN/ISSN: 0733-9364
  • URL: https://doi.org/10.1061/(ASCE)CO.1943-7862.0000432
  • Abstract:
    This paper presents an automated tool named the stochastic project financing analysis system (SPFA). The system makes use of critical path method (CPM) schedule data exported from Primavera Project Planner (P3), computes the best-fit probability distribution functions (PDFs) of historical activity durations, assigns to respective activities the probability density functions identified, simulates the schedule network, computes the deterministic and stochastic project cashflows, plots the corresponding cash-flow diagrams, and estimates the best-fitPDFs of overdraft and net profit of a project without user intervention at any time. The SPFA improves the reliability of project cash-flow analysis by effectively dealing with the uncertainties of the activities’ durations and costs, increases the usability of the schedule data obtained from commercial CPM software, allows the user to incorporate the contractual terms of payment into the cashflow, and effectively handles the variability of the overdrafts and net profits by finding their best-fitPDF. It is implemented as an easy-to-use computer tool programmed in matrix laboratory (MATLAB). The SPFA allows a financial manager to estimate the extent of cash-flow problems in a specific period by using both deterministic and stochastic modes. Two test cases verify the usability and validity of the system in practice

Lim, B T H, Ling, F Y Y, Ibbs, C W, Raphael, B and Ofori, G (2012) Mathematical Models for Predicting Organizational Flexibility of Construction Firms in Singapore. Journal of Construction Engineering and Management, 138(03), 361–75.

Love, P E D, Edwards, D J, Irani, Z and Sharif, A (2012) Participatory Action Research Approach to Public Sector Procurement Selection. Journal of Construction Engineering and Management, 138(03), 311–22.

Subramanyan, H, Sawant, P H and Bhatt, V (2012) Construction Project Risk Assessment: Development of Model Based on Investigation of Opinion of Construction Project Experts from India. Journal of Construction Engineering and Management, 138(03), 409–21.

Tan, Y, Shen, L and Langston, C (2012) Competition Environment, Strategy, and Performance in the Hong Kong Construction Industry. Journal of Construction Engineering and Management, 138(03), 352–60.

Townsend, K, Lingard, H, Bradley, L and Brown, K (2012) Complicated Working Time Arrangements: Construction Industry Case Study. Journal of Construction Engineering and Management, 138(03), 443–8.

Yiu, T W, Cheung, S O and Siu, L Y (2012) Application of Bandura’s Self-Efficacy Theory to Examining the Choice of Tactics in Construction Dispute Negotiation. Journal of Construction Engineering and Management, 138(03), 331–40.