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This book presents a unifying approach to the valuation of incorporated flexibility. Flexibility, in general terms, recognizes future uncertainty and refers to being proactive now so as to secure the future possibility of being able to adapt, convert, or generally introduce a change, if it is worthwhile to do so at the time. That is, deliberate provision is made now in order to have the ability (but not the obligation) to adapt, convert, or change in the future; this change is discretionary, and depends on future circumstances. The applications demonstrated here cover engineering, building, housing, finance, economics, contracts, general management, and project management. The examples are a...
Established Deterministic Investment Appraisal versus Uncertainty in Investment. When it comes to investing in an infrastructure project, the conventional approach is to evaluate risk through a deterministic approach. Infrastructure Investment: An Engineering Perspective, however, takes on uncertainty in investment. Of interest to engineering consultants, government departments, financial institutions, or anyone involved in investment in infrastructure, this text provides the necessary tools for the analysis and appraisal of investment in infrastructure and other assets with uncertain futures. It factors in the finance and engineering of assets such as roads, buildings, bridges, dams, pipeli...
Built Environment and Property Management - A Focus on Australia is a unique collection of articles that represent the highest level of scholarship in the field, identify emerging themes. These include: - Corporate social responsibility - Green buildings - Management efficiency The articles provide insight access to the thought-leaders of today.
Concise, practical and entertaining to read, this excellent introduction to project management is an indispensable book for professionals and students working in or studying project management in business, engineering or the public sector. This third edition contains expanded sections on programme management, portfolio management, and the public sector. An entirely new chapter covers the evaluation, analysis and management of risks and issues. A much expanded section explores the rise and utilization of methodologies like Prince2.
We three editors of this volume are former Ph. D. students of Professor Mircea Cohn at the University of Waterloo, Canada. Donald Grierson obtained his Ph. D. degree in 1968, Alberto Franchi in 1977, and Paolo Riva in 1988, and as such, we span almost the entire career of Professor Cohn at Waterloo. Even though we graduated during different decades in his life, we share similar views of Mircea Cohn as an educator, researcher and man. Together we recall that he was very firm in his resolve that we get the most out of the education he was facilitating for us. Together we agree that he was inspirational in his desire to have us carry out the very best research work we were capable of. Together ...
This book presents recent advances in optimization and control methods with applications to industrial engineering and construction management. It consists of 15 chapters authored by recognized experts in a variety of fields including control and operation research, industrial engineering and project management. Topics include numerical methods in unconstrained optimization, robust optimal control problems, set splitting problems, optimum confidence interval analysis, a monitoring networks optimization survey, distributed fault detection, nonferrous industrial optimization approaches, neural networks in traffic flows, economic scheduling of CCHP systems, a project scheduling optimization survey, lean and agile construction project management, practical construction projects in Hong Kong, dynamic project management, production control in PC4P and target contracts optimization. The book offers a valuable reference work for scientists, engineers, researchers and practitioners in industrial engineering and construction management.
This volume and its companion volume includes the edited versions of the principal lectures and selected papers presented at the NATO Advanced Study Institute on Optimization and Decision Support Systems in Civil Engineering. The Institute was held in the Department of Civil Engineering at Heriot-Watt University, Edinburgh from June 25th to July 6th 1989 and was attended by eighty participants from Universities and Research Institutes around the world. A number of practising civil and structural engineers also attended. The lectures and papers have been divided into two volumes to reflect the dual themes of the Institute namely Optimization and Decision Support Systems in Civil Engineering. ...
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