DocumentCode
1679849
Title
Notice of Retraction
Integrating probability analysis into economic evaluation of highway project: A methodology and case study
Author
Jun-song, Chen ; Chen, Zhao ; Di, Shi
Author_Institution
College of Civil Engineering Nanjing Forestry University Nanjing, China
fYear
2011
Firstpage
1
Lastpage
4
Abstract
Notice of Retraction
After careful and considered review of the content of this paper by a duly constituted expert committee, this paper has been found to be in violation of IEEE´s Publication Principles.
We hereby retract the content of this paper. Reasonable effort should be made to remove all past references to this paper.
The presenting author of this paper has the option to appeal this decision by contacting TPII@ieee.org.
By distinguishing the uncertainty of base earnings ratio and traffic flow, the paper establishes an economic evaluation model for highway projects, which is based on the probability analysis and the Monte Carlo random sampling technology. The application of this model was specified using a preliminary assessment of a highway project case. The results of the case study show that the pre-tax and the after-tax profit objectives of highway projects differ greatly, and it is a great probability event for the after-tax profitability to exceed its target value.
After careful and considered review of the content of this paper by a duly constituted expert committee, this paper has been found to be in violation of IEEE´s Publication Principles.
We hereby retract the content of this paper. Reasonable effort should be made to remove all past references to this paper.
The presenting author of this paper has the option to appeal this decision by contacting TPII@ieee.org.
By distinguishing the uncertainty of base earnings ratio and traffic flow, the paper establishes an economic evaluation model for highway projects, which is based on the probability analysis and the Monte Carlo random sampling technology. The application of this model was specified using a preliminary assessment of a highway project case. The results of the case study show that the pre-tax and the after-tax profit objectives of highway projects differ greatly, and it is a great probability event for the after-tax profitability to exceed its target value.
Keywords
Benchmark testing; Economics; Indexes; Investments; Road transportation; Stochastic processes; Uncertainty; Highway project; Monte Carlo simulation; economic evaluation; probability analysis;
fLanguage
English
Publisher
ieee
Conference_Titel
E -Business and E -Government (ICEE), 2011 International Conference on
Conference_Location
Shanghai, China
Print_ISBN
978-1-4244-8691-5
Type
conf
DOI
10.1109/ICEBEG.2011.5887112
Filename
5887112
Link To Document