Improving risk assessment in financial feasibility of international engineering projects: A risk driver perspective

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• 作者：Junying Liu^a ; Feng Jin^b ; Qunxia Xie^a ; ^{xieqx_wind@163.com} ; Martin Skitmore^c
• 关键词：Quantitative risk assessment ; Investment decision-making ; Risk driver perspective ; Monte Carlo simulation ; Stress testing
• 刊名：International Journal of Project Management
• 出版年：2017
• 出版时间：February 2017
• 年：2017
• 卷：35
• 期：2
• 页码：204-211
• 全文大小：471 K
• 卷排序：35

文摘

It is the risk events rather than the uncertain parameters that are the root causes of the variation in the decision variables of investment. From a risk driver perspective, the relationships between specific risk events and decision variables of investment are identified in the proposed quantitative risk assessment model. Stress testing is introduced to assess the negative impact of extreme risks on decision variables of investment in the proposed quantitative risk assessment model.