Evaluation methods for construction projects

Journal of Civil Engineering and Management

Volumn 15, Issue 4, 2009, Pages 349-359

  Park, Moonseo ^a   Chu, Yongsik ^a   Lee, Hyun Soo ^a   Kim, Wooyoung ^a  

^a Seoul National University   (South Korea)

Author keywords

Decisionmaking; Financial management; Investments

Indexed keywords

CONSTRUCTION MARKETS; CONSTRUCTION PROJECTS; DECISION TOOL; EVALUATION METHOD; FINANCIAL EVALUATION; FINANCIAL MANAGEMENT; FINANCIAL MANAGEMENTS; INTERNAL RATE OF RETURN; INVESTMENT DECISIONS; NET PRESENT VALUE; PRESENT VALUE; RATE OF RETURN; SYSTEMATIC BIAS;

CONSTRUCTION INDUSTRY; EARNINGS;

INVESTMENTS;

EID: 73349136611     PISSN: 13923730     EISSN: 18223605     Source Type: Journal    
DOI: 10.3846/1392-3730.2009.15.349-359     Document Type: Article

References (16)

1. Beaves, R. G. 1988. Net present value and rate of return: implicit and explicit reinvestment assumptions, The Engineering Economist 33(4): 275-302. doi: 10.1080/00137918808966958.
2. Beaves, R. G. 1993. The case for a generalized net present value formula, The Engineering Economist 38(2): 119-133. doi: 10.1080/00137919308903091.
3. Bernhard, R. H. 1989. Base selection for modified rates of return and its irrelevance for optimal project choice, The Engineering Economist 35(1): 55-65. doi: 10.1080/00137918908903003.
4. Bussey, L. E. and Eschenbach, T. G. 1992. The economic analysis of industrial projects. 2nd Ed., Prentice-Hall, New Jersey.
5. De Reyck, B.; Degraeve, Z., and Vandenborre, R. 2008. Project options valuation with net present value and decision tree analysis, European Journal of Operational Research 184(1): 341-355. doi: 10.1016/j.ejor.2006.07.047. (Pubitemid 47368909)
6. Graham, J. and Harvey, C. 2002. How do CFOs make capital budgeting and capital structure decisions? Journal of Applied Corporate Finance 15(1): 8-22. doi: 10.1111/j.1745-6622.2002.tb00337.x.
7. Hajdasinski, M. M. 1996. Adjusting the modified internal rates of return, The Engineering Economist 41(2): 173-186. doi: 10.1080/00137919608967484.
8. Hartman, J. C. and Schafrick, I. C. 2004. The relevant internal rate of return, The Engineering Economist 49(2): 139-158. doi: 10.1080/ 00137910490453419. (Pubitemid 41100750)
9. Hazen, G. B. 2003. A new perspective on multiple internal rates of return, The Engineering Economist 48(1): 31-51. doi: 10.1080/00137910308965050.
10. Hazen, G. B. 2009. An extension of the internal rate of return to stochastic cash flows, Management Science 55(6): 1030-1034. doi: 10.1287/mnsc.1080.0989.
11. Keswani, A., and Mark, B. S. 2006. How real option disinvestment flexibility augments project NPV, European Journal of Operational Research 168(1): 240-252. doi: 10.1016/j.ejor.2004.02.028. (Pubitemid 40454560)
12. Lin, S. A. Y. 1976. The modified rate of return and investment criterion, The Engineering Economist 21(4): 237-247. doi: 10.1080/00137917608902796.
13. Mc Daniel, W. R.; McCarty, D. E., and Jessell, K. A. 1988. Discounted cash flow with explicit reinvestment rates: Tutorial and extension, The Financial Review 23(3): 369-385. doi: 10.1111/j.1540-6288.1988.tb01276.x.
14. Shull, D. M. 1992. Efficient capital project selection through a yield-based capital budgeting technique, The Engineering Economist 38(1): 1-18. doi: 10.1080/00137919208903083.
15. Shull, D. M. 1994. Overall rates of return: investment base, reinvestment rates, and time horizon, The Engineering Economist 39(2): 139-163. doi: 10.1080/00137919408903118.
16. Ye, S. and Tiong, R. L. K. 2000. NPV-at-risk method in infrastructure project investment evaluation, Journal of Construction Engineering and Management 126(3): 227-233. doi: 10.1061/(ASCE)0733-9364(2000)126: 3(227).