Abstracts – Browse Results

Search or browse again.

Click on the titles below to expand the information about each abstract.
Viewing 12 results ...

Anastasopoulos, P C, Haddock, J E and Peeta, S (2014) Cost Overrun in Public-Private Partnerships: Toward Sustainable Highway Maintenance and Rehabilitation. Journal of Construction Engineering and Management, 140(06).

Becker, T C, Jaselskis, E J and El-Gafy, M (2014) Improving Predictability of Construction Project Outcomes through Intentional Management of Indirect Construction Costs. Journal of Construction Engineering and Management, 140(06).

Chen, Y Q, Zhang, Y B and Zhang, S J (2014) Impacts of Different Types of Owner-Contractor Conflict on Cost Performance in Construction Projects. Journal of Construction Engineering and Management, 140(06).

El-Abbasy, M S, Senouci, A, Zayed, T, Mirahadi, F and Parvizsedghy, L (2014) Condition Prediction Models for Oil and Gas Pipelines Using Regression Analysis. Journal of Construction Engineering and Management, 140(06).

Hawas, F and Cifuentes, A (2014) Valuation of Projects with Stochastic Cash Flows and Intertemporal Correlations: Practical Modeling Guidelines. Journal of Construction Engineering and Management, 140(06).

  • Type: Journal Article
  • Keywords: Stochastic processes; Financial factors; Construction management; Valuation; Net present value; Internal rate of return; Correlation; Stochastic cash-flow; Quantitative methods;
  • ISBN/ISSN: 0733-9364
  • URL: https://doi.org/10.1061/(ASCE)CO.1943-7862.0000849
  • Abstract:
    This paper explores the influence of cash-flow correlations on the behavior of the net present value (NPV) and internal rate of return (IRR) when performing valuations. In general, correlation has a negligible effect on the expected value of both the NPV and IRR. Even in cases of high correlation the IRR distribution departs very little from normality. In cases of moderate to low correlation, very good approximations of the SD of the NPV and IRR can be obtained, assuming that the cash flows are independent. These results, coupled with the simple two-parameter correlation structure investigated, provide a useful framework to perform valuation analysis of large-scale civil engineering projects.

Ko, C and Chung, N (2014) Lean Design Process. Journal of Construction Engineering and Management, 140(06).

Lee, H W, Choi, K and Gambatese, J A (2014) Real Options Valuation of Phased Investments in Commercial Energy Retrofits under Building Performance Risks. Journal of Construction Engineering and Management, 140(06).

Maghrebi, M, Travis Waller, S and Sammut, C (2014) Assessing the Accuracy of Expert-Based Decisions in Dispatching Ready Mixed Concrete. Journal of Construction Engineering and Management, 140(06).

O’Connor, J T, O’Brien, W J and Choi, J O (2014) Critical Success Factors and Enablers for Optimum and Maximum Industrial Modularization. Journal of Construction Engineering and Management, 140(06).

Russell, M M, Hsiang, S M, Liu, M and Wambeke, B (2014) Causes of Time Buffer and Duration Variation in Construction Project Tasks: Comparison of Perception to Reality. Journal of Construction Engineering and Management, 140(06).

West, J (2014) Collaborative Patterns and Power Imbalance in Strategic Alliance Networks. Journal of Construction Engineering and Management, 140(06).

Zhang, S, Migliaccio, G C, Zandbergen, P A and Guindani, M (2014) Empirical Assessment of Geographically Based Surface Interpolation Methods for Adjusting Construction Cost Estimates by Project Location. Journal of Construction Engineering and Management, 140(06).