Infrastructure Investment

Established Deterministic Investment Appraisal versus Uncertainty in InvestmentWhen it comes to investing in an infrastructure project, the conventional approach is to evaluate risk through a deterministic approach. Infrastructure Investment: An Engineering Perspective, however, takes on uncertainty in investment. Of interest to engineering consult

Autorentext

David G. Carmichael is professor of civil engineering and former head of the Department of Engineering Construction and Management at the University of New South Wales, Australia. He is a graduate of the Universities of Sydney and Canterbury; a fellow of the Institution of Engineers, Australia; a member of the American Society of Civil Engineers; and a former graded arbitrator and mediator. Professor Carmichael publishes, teaches, and consults widely in most aspects of project management, construction management, systems engineering, and problem solving. He is the author of Problem Solving for Engineers, also published by CRC Press.

Inhalt

Introduction. Part I. Deterministic: Benefits, costs and time value. Appraisal. Appraisal: Extensions and comments. Part II. Probabilistic: Background. Probabilistic cash flows. Real options. Real option types and examples. Financial options. Probabilistic cash flows and interest rates. Markov chains and investment analysis. Bibliography and references.