Abstracts – Browse Results
Click on the titles below to expand the information about each abstract.
Viewing 30 results ...
Anjomshoa, E (2024) Key performance indicators of construction companies in branding products and construction projects for success in a competitive environment in Iran. Engineering, Construction and Architectural Management, 31(05), 2151-75.
Arora, M, Prakash, A, Mittal, A and Singh, S (2024) Examining the slow acceptance of HR analytics in the Indian engineering and construction industry: a SEM-ANN-based approach. Engineering, Construction and Architectural Management, 31(05), 1973-93.
Aslam, M, Baffoe-Twum, E and Malik, S (2024) Benchmarking lean construction conformance in Pakistan’s construction industry. Engineering, Construction and Architectural Management, 31(05), 2077-100.
Chan, I Y S and Chen, H (2024) Towards an integrative analysis of underground environment and human health: a survey and field measurement approach. Engineering, Construction and Architectural Management, 31(05), 1807-34.
Cole-Colander, C (2003) Designing the Customer Experience. Building Research & Information, 31(05), 357–66.
Cong, W, Zhang, S, Liang, H and Xiang, Q (2024) Impact of challenge and hindrance job stressors on informal safety communication of construction workers in China: the moderating role of co-worker relationship. Engineering, Construction and Architectural Management, 31(05), 2011-33.
Cooper, R, Bruce, M, Wootton, A, Hands, D and Daly, L (2003) Managing design in the extended enterprise. Building Research & Information, 31(05), 367–78.
Espinoza, D and Morris, J W F (2013) Decoupled NPV: a simple, improved method to value infrastructure investments. Construction Management and Economics, 31(05), 471-96.
- Type: Journal Article
- Keywords:
- ISBN/ISSN: 0144-6193
- URL: https://doi.org/10.1080/01446193.2013.800946
- Abstract:
Despite its shortcomings, because of its simplicity, the net present value (NPV) technique (or its close relative, the internal rate of return) remains the valuation method most widely used by investors. In this method, all risks associated with a project are lumped into a single parameter (i.e. the risk premium) that is added to the risk-free interest rate to obtain a risk-adjusted discount rate; thus, in essence, the time value of money is adjusted for risk. However, because risk and time are two separate variables, accounting for risk in this manner can lead to substantial valuation errors, particularly for long-term investments which are typical for large infrastructure projects. In this paper, an alternative valuation method that decouples the time value of money from the risk associated with a project is presented. The proposed method, termed decoupled net present value (DNPV), is also simple yet flexible, consistent and robust. The method allows investors to integrate heuristic (i.e. experience based) techniques with sophisticated probabilistic and stochastic techniques to price the risk associated with the value of the asset created and/or the investment needed to create the asset. The proposed method results in a consistent valuation free from the problems typically associated with traditional net present value applications and, more importantly, allows a seamless integration of project risk assessment/management performed by technical experts into the project financial valuation.
Fazeli, A, Banihashemi, S, Hajirasouli, A and Mohandes, S R (2024) Automated 4D BIM development: the resource specification and optimization approach. Engineering, Construction and Architectural Management, 31(05), 1896-922.
Fellows, R and Liu, A M M (2013) Use and misuse of the concept of culture. Construction Management and Economics, 31(05), 401-22.
Gann, D M, Salter, A J and Whyte, J K (2003) Design Quality Indicator as a tool for thinking. Building Research & Information, 31(05), 318–33.
Ghansah, F A, Lu, W and Ababio, B K (2024) Modelling the critical challenges of quality assurance of cross-border construction logistics and supply chain during the COVID-19 pandemic. Engineering, Construction and Architectural Management, 31(05), 2128-50.
Gibson, E G and Gebken, R J (2003) Design quality in pre-project planning: applications of the Project Definition Rating Index. Building Research & Information, 31(05), 346–56.
Goh, Y M and Chua, D (2013) Neural network analysis of construction safety management systems: a case study in Singapore. Construction Management and Economics, 31(05), 460-70.
Guo, Y, Liu, J, Chen, C, Luo, X and Martek, I (2024) PPP project price mode typologies: a China-based comparative case study. Engineering, Construction and Architectural Management, 31(05), 2034-52.
Han, Y, Shen, J, Zhu, X, An, B and Bao, X (2024) Interaction mechanisms of interface management risks in complex systems of high-speed rail construction projects: an association rule mining-based modeling framework. Engineering, Construction and Architectural Management, 31(05), 2101-27.
Hansen, K L and Vanegas, J A (2003) Improving design quality through briefing automation. Building Research & Information, 31(05), 379–86.
Hu, Y, Song, J and Zhao, T (2024) Evolutionary game analysis of the intelligent upgrading of smart solar photovoltaic projects. Engineering, Construction and Architectural Management, 31(05), 1835-56.
Huang, W, Zhong, D and Chen, Y (2024) The relationship between construction workers’ emotional intelligence and safety performance. Engineering, Construction and Architectural Management, 31(05), 2176-201.
Li, H, Chen, Y, Zheng, J, Fang, Y, Yang, Y, Skitmore, M, Rusch, R and Jiang, T (2024) The influence of the psychological contract on the safety of performance of construction workers in China. Engineering, Construction and Architectural Management, 31(05), 1879-95.
Liao, L, Ye, Y, Wei, N, Li, H and Fan, C (2024) Exploring blockchain technology acceptance among non-managerial construction practitioners in Shenzhen, China. Engineering, Construction and Architectural Management, 31(05), 2053-76.
Odeyinka, H A, Lowe, J and Kaka, A P (2013) Artificial neural network cost flow risk assessment model. Construction Management and Economics, 31(05), 423-39.
Onubi, H O, Carpio, M and Hassan, A S (2024) Job satisfaction in green construction projects: antecedent roles of green work climate, pro-environmental construction practice and green human capital. Engineering, Construction and Architectural Management, 31(05), 1857-78.
Orr, S and Jadhav, A (2024) The effect of construction sustainability system interactions on financial performance: a sociotechnical perspective. Engineering, Construction and Architectural Management, 31(05), 1923-46.
Pinder, J, Iii, R S and Saker, J (2013) Stakeholder perspectives on developing more adaptable buildings. Construction Management and Economics, 31(05), 440-59.
Thomson, D S, Austin, S A, Devine-Wright, H and Mills, G R (2003) Managing value and quality in design. Building Research & Information, 31(05), 334–45.
Tiew, S Y (2024) Factors affecting performance of graduate architects in contract implementation management: a case study on housing projects in Malaysia. Engineering, Construction and Architectural Management, 31(05), 1789-806.
Wang, D, Luo, J and Wang, Y (2024) Multifactor uncertainty analysis of prefabricated building supply chain: qualitative comparative analysis. Engineering, Construction and Architectural Management, 31(05), 1994-2010.
Whyte, J K and Gann, D M (2003) Design Quality Indicators: work in progress. Building Research & Information, 31(05), 387–98.
Wu, X, Qian, Q and Zhang, M (2024) Impact of supervisor leadership on construction worker safety behavior in China: the moderating role of social capital. Engineering, Construction and Architectural Management, 31(05), 1947-72.