Real Options and Game Theoretic Valuation, Financing and Tendering for Investments on Build -Operate -Transfer Projects

Built upon modern option pricing theory and game theory, this thesis presents a quantitative BOT model that can dynamically evaluate the value of a BOT investment from the perspectives of the developer and government, and determine the BOT investment's developing decisions. By incorporating with signaling game analysis, the BOT model examines the BOT bidding strategy, valid signals of a developer's commitments and the effectiveness of the government BOT policies. Most importantly, the model considers the characteristics of a BOT project and analyzes the BOT problems more realistically. The model may provide the potential major BOT developers/contractors and other relevant participants a new perspective in the decision making process.

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

2015

Author dc:creator

• Ho, Shih-Ping

Contributors dc:contributor

• Liu, Liang Y.

• Business Administration, Management

Language dc:language

eng

Identifier

(MiAaPQ)AAI3017100

OAI identifier oai:identifier

oai:www.ideals.illinois.edu:2142/83153