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Evaluating Infrastructure Projects under Risk and Uncertainty: A Checklist of Issues

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  • Harry Clarke

Abstract

type="main" xml:lang="en"> The implications of risk, investment irreversibility and learning for infrastructure project assessment are considered, using investment in desalination as a case study. Both qualitative insights from ‘real options’ approaches and arguments based on policy-maker risk aversion to investment appraisal are summarised. A checklist of key issues is presented. Remarks are also made about how pure uncertainty and gross ignorance can influence policy determination.

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  • Harry Clarke, 2014. "Evaluating Infrastructure Projects under Risk and Uncertainty: A Checklist of Issues," Australian Economic Review, The University of Melbourne, Melbourne Institute of Applied Economic and Social Research, vol. 47(1), pages 147-156, March.
    • Handle: RePEc:bla:ausecr:v:47:y:2014:i:1:p:147-156
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    Cited by:

    1. Rakan Alyamani & Suzanna Long & Mohammad Nurunnabi, 2020. "Exploring the Relationship between Sustainable Projects and Institutional Isomorphisms: A Project Typology," Sustainability, MDPI, vol. 12(9), pages 1-17, May.
    2. Salci, Sener & Jenkins, Glenn, 2016. "Incorporating Risk and Uncertainty in Cost-Benefit Analysis," MPRA Paper 74161, University Library of Munich, Germany.
    3. Harry Clarke, 2013. "Planning Urban Water Investments with an Uncertain Climate," Economic Papers, The Economic Society of Australia, vol. 32(4), pages 426-439, December.
    4. Rakan Alyamani & Suzanna Long, 2020. "The Application of Fuzzy Analytic Hierarchy Process in Sustainable Project Selection," Sustainability, MDPI, vol. 12(20), pages 1-16, October.

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