메뉴 건너뛰기




Volumn 26, Issue 1, 2010, Pages 2-8

Construction risks: Single versus portfolio insurance

Author keywords

Bootstrapping; Insurance; Options theory; Risk management

Indexed keywords

BOOTSTRAPPING; BOOTSTRAPPING METHOD; CALIFORNIA; CONSTRUCTION RISKS; DATA SETS; EXOTIC OPTION; IN-LINE; INDIVIDUAL RISKS; INSURANCE OPTION; INSURANCE POLICIES; INSURANCE PREMIUMS; LARGE-SCALE PROJECTS; MICROSOFT EXCEL; MONTE CARLO SIMULATION; NEW CONSTRUCTION; PORTFOLIO INSURANCE; RISK COVERAGE; RISK MANAGEMENT PROCESS; RISKS AND UNCERTAINTIES;

EID: 73449099312     PISSN: 0742597X     EISSN: None     Source Type: Journal    
DOI: 10.1061/(ASCE)0742-597X(2010)26:1(2)     Document Type: Article
Times cited : (30)

References (39)
  • 1
    • 85015692260 scopus 로고
    • The pricing of options and corporate liabilities
    • 0022-3808. 10.1086/260062
    • Black, F., and Scholes, M. (1973). " The pricing of options and corporate liabilities.." J. Polit. Econ. 0022-3808, 81 (3), 637-654. 10.1086/260062
    • (1973) J. Polit. Econ. , vol.81 , Issue.3 , pp. 637-654
    • Black, F.1    Scholes, M.2
  • 2
    • 0000605667 scopus 로고
    • Options: A Monte Carlo approach
    • 0304-405X. 10.1016/0304-405X(77)90005-8
    • Boyle, P. (1977). " Options: A Monte Carlo approach.." J. Financ. Econ. 0304-405X, 4, 323-339. 10.1016/0304-405X(77)90005-8
    • (1977) J. Financ. Econ. , vol.4 , pp. 323-339
    • Boyle, P.1
  • 3
    • 0031590023 scopus 로고    scopus 로고
    • Monte Carlo methods for security pricing
    • 0165-1889. 10.1016/S0165-1889(97)00028-6
    • Boyle, P., Broadie, M., and Glasserman, P. (1997). " Monte Carlo methods for security pricing.." J. Econ. Dyn. Control 0165-1889, 21 (8-9), 1267-1321. 10.1016/S0165-1889(97)00028-6
    • (1997) J. Econ. Dyn. Control , vol.21 , Issue.89 , pp. 1267-1321
    • Boyle, P.1    Broadie, M.2    Glasserman, P.3
  • 5
    • 30344439131 scopus 로고    scopus 로고
    • Multiple losses, ex ante moral hazard, and the implications for umbrella policies
    • DOI 10.1111/j.1539-6975.2005.00136.x
    • Breuer, M. (2005). " Multiple losses, ex ante moral hazard, and the implications for umbrella.." J. Risk Insur. 0022-4367, 72 (4), 525-538. 10.1111/j.1539-6975.2005.00136.x (Pubitemid 43061849)
    • (2005) Journal of Risk and Insurance , vol.72 , Issue.4 , pp. 525-538
    • Breuer, M.1
  • 6
    • 0041774240 scopus 로고
    • Insurance versus self-insurance: A risk management perspective
    • 0022-4367. 10.2307/252374
    • Brockett, P. L., Cox, S. H., and Witt, R. C. (1986). " Insurance versus self-insurance: A risk management perspective.." J. Risk Insur. 0022-4367, 53, 242-257. 10.2307/252374
    • (1986) J. Risk Insur. , vol.53 , pp. 242-257
    • Brockett, P.L.1    Cox, S.H.2    Witt, R.C.3
  • 9
    • 13944259748 scopus 로고    scopus 로고
    • Integrated methodology for project risk management
    • DOI 10.1061/(ASCE)0733-9364(2002)128:6(473)
    • Del Cano, A., and De La Cruz, M. P. (2002). " Integrated methodology for project risk management.." J. Constr. Eng. Manage. 0733-9364, 128 (6), 473-485. 10.1061/(ASCE)0733-9364(2002)128:6(473) (Pubitemid 40265511)
    • (2002) Journal of Construction Engineering and Management , vol.128 , Issue.6 , pp. 473-485
    • Del Cano, A.1    De La Cruz, M.P.2
  • 10
    • 25444489570 scopus 로고    scopus 로고
    • Moral hazard in reinsurance markets
    • DOI 10.1111/j.1539-6975.2005.00129.x
    • Doherty, N., and Smetters, K. (2005). " Moral hazard in reinsurance markets.." J. Risk Insur. 0022-4367, 72 (3), 375-391. 10.1111/j.1539-6975. 2005.00129.x (Pubitemid 41360294)
    • (2005) Journal of Risk and Insurance , vol.72 , Issue.3 , pp. 375-391
    • Doherty, N.1    Smetters, K.2
  • 13
    • 0142080830 scopus 로고
    • The value of information in insurance pricing
    • 0022-4367. 10.2307/253102
    • Gogol, D. (1993). " The value of information in insurance pricing.." J. Risk Insur. 0022-4367, 60 (1), 119-128. 10.2307/253102
    • (1993) J. Risk Insur. , vol.60 , Issue.1 , pp. 119-128
    • Gogol, D.1
  • 15
    • 0035631897 scopus 로고    scopus 로고
    • Livestock revenue insurance
    • DOI 10.1002/fut.1603
    • Hart, C. E., Babcock, B. A., and Hayes, D. J. (2001). " Livestock revenue insurance.." J. Futures Markets 0270-7314, 21, 553-580. 10.1002/fut.1603 (Pubitemid 33268587)
    • (2001) Journal of Futures Markets , vol.21 , Issue.6 , pp. 553-580
    • Hart, C.E.1    Babcock, B.A.2    Hayes, D.J.3
  • 16
    • 33645063994 scopus 로고    scopus 로고
    • Insuring eggs in baskets: Should the government insure against individual risks
    • 0008-3976. 10.1111/j.1744-7976.2006.00041.x
    • Hart, C. E., Hayes, D. J., and Babcock, B. A. (2006). " Insuring eggs in baskets: Should the government insure against individual risks. ?" Can. J. Agric. Econ. 0008-3976, 54 (1), 121-137. 10.1111/j.1744-7976.2006.00041. x
    • (2006) Can. J. Agric. Econ. , vol.54 , Issue.1 , pp. 121-137
    • Hart, C.E.1    Hayes, D.J.2    Babcock, B.A.3
  • 17
    • 0031391164 scopus 로고    scopus 로고
    • The budgetary and producer welfare effects of revenue assurance
    • 0002-9092. 10.2307/1244441
    • Hennessy, D. A., Babcock, B. A., and Hayes, D. J. (1997). " The budgetary and producer welfare effects of revenue assurance.." Am. J. Agric. Econom. 0002-9092, 79, 1024-1034. 10.2307/1244441
    • (1997) Am. J. Agric. Econom. , vol.79 , pp. 1024-1034
    • Hennessy, D.A.1    Babcock, B.A.2    Hayes, D.J.3
  • 18
    • 0141581601 scopus 로고    scopus 로고
    • How to evaluate and invest in emerging A/E/C technologies under uncertainty
    • 0733-9364. 10.1061/(ASCE)0733-9364(2003)129:1(16)
    • Ho, S. P., and Liu, L. Y. (2003). " How to evaluate and invest in emerging A/E/C technologies under uncertainty.." J. Constr. Eng. Manage. 0733-9364, 129 (1), 16-24. 10.1061/(ASCE)0733-9364(2003)129:1(16)
    • (2003) J. Constr. Eng. Manage. , vol.129 , Issue.1 , pp. 16-24
    • Ho, S.P.1    Liu, L.Y.2
  • 19
    • 84933516758 scopus 로고
    • A distribution-free approach to inducing rank correlation among input variables
    • 10.1080/03610918208812265 0361-0918
    • Iman, R. L., and Conover, W. J. (1982). " A distribution-free approach to inducing rank correlation among input variables.." Comm. Stat.-Simul. Comput., 11, 311-334. 10.1080/03610918208812265 0361-0918
    • (1982) Comm. Stat.-Simul. Comput. , vol.11 , pp. 311-334
    • Iman, R.L.1    Conover, W.J.2
  • 20
    • 0000247677 scopus 로고    scopus 로고
    • Catastrophe insurance, capital markets, and uninsurable risks
    • 0022-4367. 10.2307/253729
    • Jaffee, D., and Russell, T. (1997). " Catastrophe insurance, capital markets, and uninsurable risks.." J. Risk Insur. 0022-4367, 64 (2), 205-230. 10.2307/253729
    • (1997) J. Risk Insur. , vol.64 , Issue.2 , pp. 205-230
    • Jaffee, D.1    Russell, T.2
  • 21
    • 13944263258 scopus 로고    scopus 로고
    • Risk assessment in construction
    • DOI 10.1061/(ASCE)0733-9364(2003)129:5(492)
    • Jannadi, O. A., and Almishari, S. (2003). " Risk assessment in construction.." J. Constr. Eng. Manage. 0733-9364, 129 (5), 492-500. 10.1061/(ASCE)0733-9364(2003)129:5(492) (Pubitemid 40265436)
    • (2003) Journal of Construction Engineering and Management , vol.129 , Issue.5 , pp. 492-500
    • Jannadi, O.A.1    Almishari, S.2
  • 22
    • 16244395127 scopus 로고    scopus 로고
    • Dynamic insurance contracts and adverse selection
    • DOI 10.1111/j.0022-4367.2005.00115.x
    • Janssen, M. C. W., and Karamychev, V. A. (2005). " Dynamic insurance contracts and adverse selection.." J. Risk Insur. 0022-4367, 72 (1), 45-59. 10.1111/j.0022-4367.2005.00115.x (Pubitemid 40465575)
    • (2005) Journal of Risk and Insurance , vol.72 , Issue.1 , pp. 45-59
    • Janssen, M.C.W.1    Karamychev, V.A.2
  • 23
    • 73449120625 scopus 로고    scopus 로고
    • Re No. 2006/2, Laboratory of Industrial Management, Helsinki Univ. of Technology, Finland
    • Klemetti, A. (2006). " Risk management in construction project networks.." Rep. No. 2006/2, Laboratory of Industrial Management, Helsinki Univ. of Technology, Finland.
    • (2006) Risk Management in Construction Project Networks
    • Klemetti, A.1
  • 24
    • 0039145725 scopus 로고    scopus 로고
    • Moral hazard in risk pooling arrangements
    • 0022-4367. 10.2307/2678136
    • Lee, W., and Ligon, J. A. (2001). " Moral hazard in risk pooling arrangements.." J. Risk Insur. 0022-4367, 68 (1), 175-190. 10.2307/2678136
    • (2001) J. Risk Insur. , vol.68 , Issue.1 , pp. 175-190
    • Lee, W.1    Ligon, J.A.2
  • 25
    • 0032666456 scopus 로고    scopus 로고
    • Risk management in international construction joint ventures
    • 0733-9364. 10.1061/(ASCE)0733-9364(1999)125:4(277)
    • Bing, L., Kong-Tiong, R. L., Fan, W. W., and Ah-Seng Chew, D. (1999). " Risk management in international construction joint ventures.." J. Constr. Eng. Manage. 0733-9364, 125 (4), 277-284. 10.1061/(ASCE)0733-9364(1999) 125:4(277)
    • (1999) J. Constr. Eng. Manage. , vol.125 , Issue.4 , pp. 277-284
    • Bing, L.1    Kong-Tiong, R.L.2    Fan, W.W.3    Ah-Seng Chew, D.4
  • 26
    • 0035501151 scopus 로고    scopus 로고
    • Understanding and managing risks in large engineering projects
    • DOI 10.1016/S0263-7863(01)00045-X, PII S026378630100045X
    • Miller, R., and Lessard, D. (2001). " Understanding and managing risks in large engineering projects.." Int. J. Proj. Manag., 19, 437-443. 10.1016/S0263-7863(01)00045-X 0263-7863 (Pubitemid 32949378)
    • (2001) International Journal of Project Management , vol.19 , Issue.8 , pp. 437-443
    • Miller, R.1    Lessard, D.2
  • 27
    • 0004399146 scopus 로고    scopus 로고
    • Data-driven of corporate risk using historical cost control data
    • 0733-9364. 10.1061/(ASCE)0733-9364(1998)124:1(42)
    • Minato, T., and Ashley, D. B. (1998). " Data-driven of corporate risk using historical cost control data.." J. Constr. Eng. Manage. 0733-9364, 124 (1), 42-47. 10.1061/(ASCE)0733-9364(1998)124:1(42)
    • (1998) J. Constr. Eng. Manage. , vol.124 , Issue.1 , pp. 42-47
    • Minato, T.1    Ashley, D.B.2
  • 29
    • 0027805069 scopus 로고
    • Pricing construction risk: Fuzzy set application
    • 0733-9364. 10.1061/(ASCE)0733-9364(1993)119:4(743)
    • Paek, J., Lee, Y. W., and Ock, J. H. (1993). " Pricing construction risk: Fuzzy set application.." J. Constr. Eng. Manage. 0733-9364, 119 (4), 743-756. 10.1061/(ASCE)0733-9364(1993)119:4(743)
    • (1993) J. Constr. Eng. Manage. , vol.119 , Issue.4 , pp. 743-756
    • Paek, J.1    Lee, Y.W.2    Ock, J.H.3
  • 30
    • 73449130419 scopus 로고    scopus 로고
    • Ph.D. dissertation, Economics Department, Iowa State Univ.
    • Paulson, N. (2007). " Risks and uncertainty in agriculture.." Ph.D. dissertation, Economics Department, Iowa State Univ.
    • (2007) Risks and Uncertainty in Agriculture
    • Paulson, N.1
  • 31
    • 14744288182 scopus 로고    scopus 로고
    • Potential for implementing relational contracting and joint risk management
    • DOI 10.1061/(ASCE)0742-597X(2004)20:4(178)
    • Rahman, M. M., and Kumaraswamy, M. M. (2004). " Potential for implementing relational contracting and joint risk management.." J. Manage. Eng. 0742-597X, 20 (4), 178-189. 10.1061/(ASCE)0742-597X(2004)20:4(178) (Pubitemid 40329290)
    • (2004) Journal of Management in Engineering , vol.20 , Issue.4 , pp. 178-189
    • Rahman, M.M.1    Kumaraswamy, M.M.2
  • 32
    • 0002290231 scopus 로고
    • The design of an optimal insurance policy
    • 0002-8282
    • Raviv, A. (1979). " The design of an optimal insurance policy.." Am. Econ. Rev. 0002-8282, 69 (1), 84-96.
    • (1979) Am. Econ. Rev. , vol.69 , Issue.1 , pp. 84-96
    • Raviv, A.1
  • 33
    • 5244280862 scopus 로고    scopus 로고
    • Predicting contractors' failure using stochastic dynamics of economics and financial variables
    • 0733-9364. 10.1061/(ASCE)0733-9364(1996)122:2(183)
    • Russell, J., and Zhai, H. (1996). " Predicting contractors' failure using stochastic dynamics of economics and financial variables.." J. Constr. Eng. Manage. 0733-9364, 122 (2), 183-191. 10.1061/(ASCE)0733-9364(1996) 122:2(183)
    • (1996) J. Constr. Eng. Manage. , vol.122 , Issue.2 , pp. 183-191
    • Russell, J.1    Zhai, H.2
  • 34
    • 0002677397 scopus 로고
    • Rational theory of warrant pricing
    • 0884-8211
    • Samuelson, P. (1965). " Rational theory of warrant pricing.." Ind. Manage. Rev. 0884-8211, 6 (2), 13-39.
    • (1965) Ind. Manage. Rev. , vol.6 , Issue.2 , pp. 13-39
    • Samuelson, P.1
  • 35
    • 13944284185 scopus 로고    scopus 로고
    • Transportation agency use of owner-controlled insurance programs
    • DOI 10.1061/(ASCE)0733-9364(2004)130:4(517)
    • Schexnayder, C., Weber, S. L., and David, S. A. (2004). " Transportation agency use of owner-controlled insurance programs.." J. Constr. Eng. Manage. 0733-9364, 130 (4), 517-524. 10.1061/(ASCE)0733-9364(2004) 130:4(517) (Pubitemid 40265348)
    • (2004) Journal of Construction Engineering and Management , vol.130 , Issue.4 , pp. 517-524
    • Schexnayder, C.J.1    Weber, S.L.2    David, S.A.3
  • 36
    • 0033099726 scopus 로고    scopus 로고
    • Small to medium contractor contingency and assumption of risk
    • 0733-9364. 10.1061/(ASCE)0733-9364(1999)125:2(101)
    • Smith, G. R., and Bohn, C. M. (1999). " Small to medium contractor contingency and assumption of risk.." J. Constr. Eng. Manage. 0733-9364, 125 (2), 101-106. 10.1061/(ASCE)0733-9364(1999)125:2(101)
    • (1999) J. Constr. Eng. Manage. , vol.125 , Issue.2 , pp. 101-106
    • Smith, G.R.1    Bohn, C.M.2
  • 37
    • 31944448928 scopus 로고    scopus 로고
    • Measurement and pricing of risk in insurance markets
    • DOI 10.1111/j.1539-6924.2005.00684.x
    • Tsanakas, A., and Desli, E. (2005). " Measurement and pricing of risk in insurance markets.." Risk Anal. 0272-4332, 25 (6), 1653-1668. 10.1111/j.1539-6924.2005.00684.x (Pubitemid 43188430)
    • (2005) Risk Analysis , vol.25 , Issue.6 , pp. 1653-1668
    • Tsanakas, A.1    Desli, E.2
  • 38
    • 26644450946 scopus 로고    scopus 로고
    • Risk management on large capital projects
    • DOI 10.1061/(ASCE)1052-3928(2005)131:4(275)
    • Turnbaugh, L. (2005). " Risk management on large capital projects.." J. Profl. Issues Eng. Educ. Pract. 1052-3928, 131, 275-280. 10.1061/(ASCE)1052-3928(2005)131:4(275) (Pubitemid 41441384)
    • (2005) Journal of Professional Issues in Engineering Education and Practice , vol.131 , Issue.4 , pp. 275-280
    • Turnbaugh, L.1


* 이 정보는 Elsevier사의 SCOPUS DB에서 KISTI가 분석하여 추출한 것입니다.