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Title:Construction Project Selection Under Risk: Market Model Approach
Author(s):Kangari, Roozbeh
Department / Program:Civil Engineering
Discipline:Civil Engineering
Degree Granting Institution:University of Illinois at Urbana-Champaign
Subject(s):Engineering, Civil
Abstract:This study develops a construction project selection model under conditions of risk, and provides guidance for its implementation. The model consists of three parts. Part I selects an appropriate objective for the model based on shareholder's expected equity maximization, and examines some alternative objectives. Part II describes risk and return as two major variables of the objective. Risk is classified as economic, industry, company, and project characteristics. This classification allows the model to estimate the construction projects' required rates of return. Part III develops a criterion for decision making. The model allows the contractors to do sensitivity analysis of markup and risk to aid in project selection with and without resource constraints.
Issue Date:1982
Description:119 p.
Thesis (Ph.D.)--University of Illinois at Urbana-Champaign, 1982.
Other Identifier(s):(UMI)AAI8302901
Date Available in IDEALS:2014-12-15
Date Deposited:1982

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