Ranking of Financing Methods in Iran Construction Renovation Projects: A Sensitivity Analysis Approach

Yousefi, Vahidreza; Golkhandan, Aida Rahimi; Kiani, Sarmad; Yakhchali, Siamak Haji; Mehrabanfar, Ehsan

doi:10.5901/mjss.2015.v6n5s2p303

Cited by 2 publications

(2 citation statements)

References 13 publications

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“…e proposed framework was implemented in a real case study. Yousefi et al [16] prioritized the financing methods used in the Tehran Renovation Organization through a hierarchical analysis method. In addition to prioritizing financing methods, this paper performed a sensitivity analysis to determine the impact of weight changes on the prioritization of various projects.…”

Section: Literature Reviewmentioning

confidence: 99%

Sustainable Financing Model considering Project Risk

Lolagari

Daneshvar

Zaj

et al. 2022

Discrete Dynamics in Nature and Society

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Implementing various projects in each country leads to the development of that country. The necessity of implementing any project is to finance that project through different methods. In this regard, the cost of financing projects, determining the amount of financing from each technique, and the risk of financing projects are among the things that have caused problems for managers and decision makers. This study presents a new sustainable financing model for international projects in Iran. The main objectives are to minimize the financing cost and risk of funding the projects. Based on the proposed conceptual model based on fuzzy hierarchy analysis, it was observed that Iran’s economic conditions, with a weight coefficient of 0.34, have the highest risk in financing projects. Therefore, a two-objective model was designed by determining the weighting coefficients to reduce costs and financing risks. Additionally, the epsilon constraint methods and NSGA II algorithm were used. Comparative results between the two algorithms show that financing projects must be changed to reduce the risk of sustainable financing of international projects, which can lead to an increase in the total cost of financing projects. On the other hand, it was observed that the NSGA II algorithm obtained 32 efficient answers (a combination of how projects are financed). Each of the received answers has advantages over the other solutions obtained. The epsilon constraint method also brought 11 efficient answers, demonstrating that the domestic capital market can provide 54.89% of the deficit budget of the country’s international projects. Furthermore, 44.81% of the project deficit budget can be financed from a foreign bank loan source, and only 0.2% of the budget can be funded through the company’s internal resources.

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Section: Literature Reviewmentioning

confidence: 99%

Sustainable Financing Model considering Project Risk

Lolagari

Daneshvar

Zaj

et al. 2022

Discrete Dynamics in Nature and Society

View full text Add to dashboard Cite

show abstract

“…B. Prioritizing or suggesting a proposed structure: Research here can be divided into three categories: first, studies that prioritize financing methods for investing, [23,24]; the second group that prioritizes projects for investors, have different types, for Iran's energy projects, [25,26] for oil and gas projects, [27,28]; and the third group has put forward a model or structure for attracting foreign investment [22,29].…”

Section: Literature Reviewmentioning

confidence: 99%

Exploring the Challenges of Financing Iran’s Construction Projects from China and Providing Improvement Solutions

et al. 2018

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In recent years, the tense regional conditions of the Middle East and international sanctions against Iran have led to Iran's construction projects being financed by foreign sources of complexity and limited to certain countries such as China. In spite of China's desire and signing several agreements, the opportunity and capacity of these packages are not optimized.In an effort to improve the situation, the present study focuses on the financing challenges based on the reality of a sensitive issue on Iran-China relations by presenting a common interface between the pillars of the project. The results of this study is highly likely to increase the efficiency of the financing system of the Iranian construction projects, which are to be financed by China. The statistical population of this research includes the contractors, agent, employer, foreign financer, financial consultant, and contractor of the central headquarters. Three construction projects, with non-existent conditions capable of aggregating their deep and varied data were selected as case studies according to the experts' opinion. Then out of a 25-long list of challenges, 5 challenges were chosen based on the weight as the main challenges, including domestic and foreign challenges, with some appropriate improvement solutions being presented. Based on the results of this research, a closer look at the relationships, the significance of impact and the arrangement of the strategies, produces the conceptual model. * The foreign partner that makes the initial investment can repatriate the return on the investment (at a pre -agreed fixed rate) through goods and services produced by the project.

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Ranking of Financing Methods in Iran Construction Renovation Projects: A Sensitivity Analysis Approach

Cited by 2 publications

References 13 publications

Sustainable Financing Model considering Project Risk

Sustainable Financing Model considering Project Risk

Exploring the Challenges of Financing Iran’s Construction Projects from China and Providing Improvement Solutions

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