Multicriteria financial portfolio risk management for international projects

Journal of Construction Engineering and Management

Volumn 130, Issue 3, 2004, Pages 346-356

  Han, Seung H ^a   Diekmann, James E ^b   Lee, Young ^c   Ock, Jong H ^d  

^a Yonsei University   (South Korea)

^b UCB 450   (United States)

^c Overseas Investment Division   (South Korea)

^d Min of Educ and Hum Rsrc Devmt   (South Korea)

Author keywords

Bids; Construction industry; Corporate planning; Financial management; International development; Risk management

Indexed keywords

BIDS; CORPORATE PLANNING; FINANCIAL MANAGEMENT; INTERNATIONAL DEVELOPMENT;

CONSTRUCTION INDUSTRY; CONTRACTS; FINANCE; HIERARCHICAL SYSTEMS; PLANNING; RISK MANAGEMENT;

PROJECT MANAGEMENT;

EID: 13944267929     PISSN: 07339364     EISSN: None     Source Type: Journal    
DOI: 10.1061/(ASCE)0733-9364(2004)130:3(346)     Document Type: Article

References (29)

1. Ahmad, I. (1990). "Decision support system for modeling bid/no-bid decision problem." J. Constr, Eng. Manage., 116(4), 595-608.
2. Brigham, E. F. (1989). Fundamentals of financial management, 5th Ed., Dryden Press, Chicago.
3. Cardo, R. N., and Wind, J. (1985). Long range planning 18; Risk return approach of product portfolio strategy, Elsevier Science, Cambridge, U.K.
4. Clemen, R. T. (1996). Making hard decisions: An introduction to decision analysis, 2nd Ed., Brooks/Cole, Pacific Grove, Calif.
5. Das, S. (1997). Risk management and financial derivatives - A guide to the'mathematics, McGraw-Hill, Boston.
6. Demacopoulos, A. C. (1989). "Foreign exchange exposure in international construction." PhD thesis, Massachusetts Institute of Technology, Boston.
7. Elton, E. J., and Gruber, M. J. (1987). Modern portfolio theory and investment analysis, 3rd Ed., Wiley, New York.
8. Flanagan, R., and Norman, G. (1993). Risk management and construction, Blackwell Scientific, Oxford, U.K.
9. Groppelli, A. A., and Nikbakht, E. (1995). Finance, 3rd Ed., Barrons Educational Series, Inc, Woodbury, N.Y.
10. Han, S. H. (1999). "Risk-based Go/No-Go decision making model for international construction projects: The Cross-impact analysis approach." PhD thesis, Univ. of Colorado at Boulder, Boulder, Colo.
11. Han, S. H., and Diekmann, J. E. (2001). "Approaches for making risk-based Go/No-Go decision for international projects." J. Constr. Eng. Manage., 127(4), 300-308.
12. He, Z. (1995). "Risk management for overseas construction projects." International journal of project management, Butterworth-Heinemann, London, 231-237.
13. Jorison, P. (1996). "Risk: Measuring the risk in value at risk." Finan. Anal. J., 52(6), 47-56.
14. Kahneman, D., and Tversky, A. (1979). "Prospect theory: An analysis of decision under risk." Econometrica, 47, 263-291.
15. Kangari, R., and Boyer, L. T. (1981). "Project selection under risk." J. Constr. Div., Am. Soc. Civ. Eng., 107(4), 597-608.
16. Keefer, D., and Bodily, S. E. (1983). "Three point approximations for continuous random variables." Manage. Sci., 29, 595-609.
17. Lee, J., and Walters, D. (1989). International trade in construction, design, and engineering services, Ballinger, Cambridge, Mass.
18. Messner, J. I. (1994). "An information framework for evaluating international construction projects." PhD thesis, Pennsylvania State Univ., University Park, Pa.
19. Millman, G. J. (1998). "The how of DOW: Managing currency risk." Finan. Executive, 14(6), 19-24.
20. Minato, T. (1994). "A methodology for project risk control: A work package-based approach using historical cost control data." PhD thesis, Univ. of California at Berkeley, Berkeley, Calif.
21. Mullich, J. (1998). "Project portfolio management for the new millennium." Information Week, (http//www.primavera.com) (Jan. 10, 1999).
22. Pouliquen, L. Y. (1970). "Risk analysis in project appraisal." Occasional Paper, 11, World Bank, Washington, D.C.
23. Reutlinger, S. (1970). "Techniques for project appraisal under uncertainty." Occasional Paper, 10, World Bank, Washington, D.C.
24. Segev, E. (1995). Corporate strategy - Portfolio models. International Thomson, London.
25. Spinner, K. (1990). "Adapting value at risk." Global Finan., 4(4), 14-23.
26. Tanaka, K. (1984). "Project financing and risk minimizing approaches for lending agencies." MS thesis, Colorado School of Mines, Golden, Colo.
27. Turner, C. (1996). "VAR as an industrial tool." Risk, 9(3), 38-40.
28. Vergara, A. J. (1977). "Probabilistic estimating and applications of portfolio theory in construction." PhD thesis, Univ. of Illinois at Urbana-Champaign, Urbana, Ill.
29. Vergara, A. J., and Boyer, L. T. (1977). "Portfolio theory: Applications in construction." J. Constr. Div., Am. Soc. Civ. Eng., 103(1), 23-38.