Required Return on Investments in Construction

Farid, Foad; Boyer, LeRoy T.; Kangari, Roozbeh

doi:10.1061/(asce)0733-9364(1989)115:1(109)

Cited by 10 publications

(3 citation statements)

References 8 publications

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“…The first eleven of these project success items were drawn from Bryde (2008). Three additional items including were drawn from the literature 'Smoother start-up of the project' (Liu 1999), 'Stakeholder satisfaction' (Davis 2014), and a 'Quick return on investment' (Farid et al 1989). The project success construct, showed strong composite reliability.…”

Section: Confirmatory Factor Analysismentioning

confidence: 99%

“…Our resulting 'Operations readiness' model therefore comprised of a second-order variable bearing four factors and a first-order construct represented by one variable with 14 project success items which were taken from Bryde (2008), (Liu 1999), (Davis 2014), and (Farid et al 1989) and shown in Table 4. This structure model was subjected to analysis with maximum likelihood (ML).…”

Section: Testing the Structural Modelmentioning

confidence: 99%

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An operations readiness typology for mitigating against transitional ‘disastrous openings’ of airport infrastructure projects

Al-Mazrouie

Ojiako

Williams

et al. 2020

Production Planning & Control

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This paper seeks to highlight the essential readiness factors commonly engaged to prevent 'disastrous openings' of complex multi-stakeholder infrastructure projects. To identify these readiness factors, we undertook a survey of 724 Operations managers, Project managers and 'Operations Readiness, Activation and Transition' management practitioners working across four international airports in the United Arab Emirates. Data were analysed using SPSS/AMOS. What emerges from the data analysis is a risk-focused typology of knowledge that is able to prevent past mistakes from being repeated. The main contribution of the paper is twofold. First, the paper develops a risk-focused operations readiness typology. The second

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Section: Confirmatory Factor Analysismentioning

confidence: 99%

Section: Testing the Structural Modelmentioning

confidence: 99%

An operations readiness typology for mitigating against transitional ‘disastrous openings’ of airport infrastructure projects

Al-Mazrouie

Ojiako

Williams

et al. 2020

Production Planning & Control

View full text Add to dashboard Cite

show abstract

“…Risk-adjusted discount rates In financial valuations of projects, it is important to consider a risk-adjusted discount rate (RADR) as a project-specific discount rate, because it represents the rate of return as well as the risk-adjusted cost of capital in project valuations (Farid et al 1989;Ashuri et al 2012). The two commonly used methods for determining a RADR are the Weighted Average Cost of Capital (WACC) method and the Capital Asset Pricing Model (CAPM) (Ashuri et al 2012).…”

Section: Volatility Estimation Of Private Risksmentioning

confidence: 99%

Financial Valuation for Commercial Energy Retrofits under Private Risks

Lee¹,

Choi²,

Gambatese³

et al. 2014

Construction Research Congress 2014

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Investments in commercial energy retrofits are exposed to unique types of risks that can be placed into two categories of risk: market risks (risks due to volatile market conditions) and private risks (risks due to volatile energy consumptions). By identifying such risks as a major contributor to the financial barrier, most studies to date have focused on market risks, yet these studies lacked consideration of the impact of private risks. In response, this paper aims to present a real options valuation (ROV) which aids in determining the financial impact of private risks on commercial energy retrofit investments. In particular, the study focuses on the valuation of phased investments in a large building portfolio under private risks that contribute to the option to defer (wait-and-see). The ROV adapts the binomial lattice method based on the level of volatility that is estimated using Monte Carlo simulation. The ROV results of the one-phase strategy are compared to those of the two-phase strategy in order to quantify the benefit of the increased managerial flexibility of the phased investments. The valuation presented in this paper is expected to help building owners and investors make better-informed decisions in commercial energy retrofits and, as a result, effectively overcome the financial barrier. 524

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Pricing Construction Contracts under Tax Reform Act of 1986

Farid

1990

J. Constr. Eng. Manage.

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Required Return on Investments in Construction

Cited by 10 publications

References 8 publications

An operations readiness typology for mitigating against transitional ‘disastrous openings’ of airport infrastructure projects

An operations readiness typology for mitigating against transitional ‘disastrous openings’ of airport infrastructure projects

Financial Valuation for Commercial Energy Retrofits under Private Risks

Pricing Construction Contracts under Tax Reform Act of 1986

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