Abstracts – Browse Results
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Cardin, M-A (2011) Quantitative performance-based evaluation of a procedure for flexible design concept generation, Unpublished PhD Thesis, , Massachusetts Institute of Technology.
Chiang, R (2002) Agency and incentive contract in private investment of transport project: An exploration of fundamental relationships, Unpublished PhD Thesis, , Massachusetts Institute of Technology.
Garvin, M J (2001) Strategic indicators for characterization of water system infrastructure and management, Unpublished PhD Thesis, , Massachusetts Institute of Technology.
Kristinsdottir, A (2012) Risks and decision making in development of new power plant projects, Unpublished PhD Thesis, , Massachusetts Institute of Technology.
- Type: Thesis
- Keywords: failure; decision making; investment; project risk analysis; data mining; risk analysis; developer; stakeholder
- ISBN/ISSN:
- URL: https://www.proquest.com/docview/1317506958
- Abstract:
Power plant development projects are typically capital intensive and subject to a complex network of interconnected risks that impact development's performance. Failure to develop a power plant to meet performance constraints can come at great cost to the developer and other stakeholders involved. In order to develop an investment strategy plan based on their risk appetite, and manage risks effectively, developers must be able to identify and analyze project opportunity risks. This dissertation is motivated by the need to study the nature and impact of risks on a power plant development project, and to demonstrate how proper management of those risks can help mitigate these impacts. The purpose is to feed that information into developer's investment strategy to be able to understand whether or not to participate in particular power plant development projects, and how to participate. First phase of the dissertation is an analysis of power plant investment decisions and development process, followed by identification of risks across all stages of development. Through data mining of performance indicators of around 300 power plant development projects worldwide, clusters of geographical locations, energy technologies, and developer types are highlighted. This helps us understand which projects developers should consider for evaluation given performance trends of geographic locations, and energy technologies. Our research then introduces a novel approach to power plant project risk analysis. We combine a System Dynamics model of the power plant development process with an Analytical Network Process model that enables identification of key relationships among risks and their impact on the development process. The models are used to construct project risk profiles. These three models work together to show how developers can make risk informed decision when selecting amongst power plant project opportunities, how they should best prepare projects to mitigate negative impacts of risks involved, and how they should react to changes in managing development performance over a project's lifetime.
Kua, H W (2006) The design of effective policies for the promotion of sustainable construction materials, Unpublished PhD Thesis, , Massachusetts Institute of Technology.
Lee, S (2006) Dynamic planning and control methodology: Understanding and managing iterative error and change cycles in large-scale concurrent design and construction projects, Unpublished PhD Thesis, , Massachusetts Institute of Technology.
Miller, J B (1995) Aligning infrastructure development strategy to meet current public needs, Unpublished PhD Thesis, , Massachusetts Institute of Technology.
Minelli, P (2020) Improved methods for managing megaprojects, Unpublished PhD Thesis, , Massachusetts Institute of Technology.
Moret, Y (2011) Modeling cost and time uncertainty in rail line construction, Unpublished PhD Thesis, , Massachusetts Institute of Technology.
Park, M (2001) Dynamic planning and control methodology for large-scale concurrent construction projects, Unpublished PhD Thesis, , Massachusetts Institute of Technology.
Slaughter, E S (1991) Rapid innovation and integration of components: Comparison of user and manufacturer innovations through a study of residential construction, Unpublished PhD Thesis, , Massachusetts Institute of Technology.
Sousa, R L (2010) Risk analysis for tunneling projects, Unpublished PhD Thesis, , Massachusetts Institute of Technology.
Taylor, D D J (2018) Tools for managing intermittent water supplies, Unpublished PhD Thesis, , Massachusetts Institute of Technology.
Tsai, I T (2007) Default and renegotiation: Financial structure and incentive in public-private partnership contracts, Unpublished PhD Thesis, , Massachusetts Institute of Technology.
Viteri, V R (2003) Experiential learning environments for structural behavior, Unpublished PhD Thesis, , Massachusetts Institute of Technology.
Wang, M-T (1989) Knowledge processing for a construction management database, Unpublished PhD Thesis, , Massachusetts Institute of Technology.
Wooldridge, S C (2002) Balancing capital and condition: An emerging approach to facility investment strategy, Unpublished PhD Thesis, , Massachusetts Institute of Technology.
Yan, S (1992) Intermodal pricing and operations using network flow techniques, Unpublished PhD Thesis, , Massachusetts Institute of Technology.