Eine Plattform für die Wissenschaft: Bauingenieurwesen, Architektur und Urbanistik
Eine Plattform für die Wissenschaft: Bauingenieurwesen, Architektur und Urbanistik
An Option Pricing Model to Evaluate ADR Investments in AEC Construction Projects under Different Scenarios
A major concern for construction industry participants is the occurrence of claims and change orders which cause significant losses in terms of schedule delays, and cost overruns. The use of Alternative Dispute Resolution Techniques (ADR) has been shown to reduce the impact of these claims on the project. These ADR techniques require capital expenditures that need to be justified in construction projects with budget constraints. This paper investigates the use of real option valuation under competitive entry to evaluate ADR investments and determine the optimal investment timing.
An Option Pricing Model to Evaluate ADR Investments in AEC Construction Projects under Different Scenarios
A major concern for construction industry participants is the occurrence of claims and change orders which cause significant losses in terms of schedule delays, and cost overruns. The use of Alternative Dispute Resolution Techniques (ADR) has been shown to reduce the impact of these claims on the project. These ADR techniques require capital expenditures that need to be justified in construction projects with budget constraints. This paper investigates the use of real option valuation under competitive entry to evaluate ADR investments and determine the optimal investment timing.
An Option Pricing Model to Evaluate ADR Investments in AEC Construction Projects under Different Scenarios
Menassa, Carol (Autor:in) / Peña Mora, Feniosky (Autor:in)
International Workshop on Computing in Civil Engineering 2007 ; 2007 ; Pittsburgh, Pennsylvania, United States
Computing in Civil Engineering (2007) ; 566-574
23.07.2007
Aufsatz (Konferenz)
Elektronische Ressource
Englisch
| British Library Conference Proceedings | 2007
Option Pricing Model to Analyze Cost-Benefit Trade-Offs of ADR Investments in AEC Projects
| British Library Online Contents | 2009
Option Pricing Model to Analyze Cost-Benefit Trade-Offs of ADR Investments in AEC Projects
| Online Contents | 2009
| British Library Online Contents | 2004