Construction Project Selection Under Risk: Market Model Approach

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.

Name thesis:degree_name

Ph.D.

Level thesis:degree_level

Dissertation

Discipline thesis:degree_discipline

Civil Engineering

Grantor

University of Illinois at Urbana-Champaign

Year dc:date

2014

Author dc:creator

• Kangari, Roozbeh

• Engineering, Civil

Identifier

(UMI)AAI8302901

OAI identifier oai:identifier

oai:www.ideals.illinois.edu:2142/69915