Title :
Valuation of flexibility for public investments
Author :
Schenk, Sigrid A.
Author_Institution :
NGI and RebelGroup Advisory
Abstract :
Infrastructure projects are typically large, irreversible investments that deal with a rapidly changing environment. Flexibility could therefore be valuable for these projects. Valuation of flexibility is however not yet a part of standard evaluation toolkits. This paper reviews theoretical concepts, methodological issues and practical applications.
Keywords :
investment; project management; public administration; infrastructure projects; irreversible investments; public investments; public sector; Cost accounting; Decision making; Delay; Environmental management; Government; Instruments; Investments; Project management; Robustness; Uncertainty;
Conference_Titel :
Infrastructure Systems and Services: Building Networks for a Brighter Future (INFRA), 2008 First International Conference on
Conference_Location :
Rotterdam
Print_ISBN :
978-1-4244-6887-4
DOI :
10.1109/INFRA.2008.5439689
