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Managing risk and uncertainty in complex capital projects

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  • Alessandri, Todd M.
  • Ford, David N.
  • Lander, Diane M.
  • Leggio, Karyl B.
  • Taylor, Marilyn

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  • Alessandri, Todd M. & Ford, David N. & Lander, Diane M. & Leggio, Karyl B. & Taylor, Marilyn, 2004. "Managing risk and uncertainty in complex capital projects," The Quarterly Review of Economics and Finance, Elsevier, vol. 44(5), pages 751-767, December.
    • Handle: RePEc:eee:quaeco:v:44:y:2004:i:5:p:751-767
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    References listed on IDEAS

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    1. Richard H. Thaler & Amos Tversky & Daniel Kahneman & Alan Schwartz, 1997. "The Effect of Myopia and Loss Aversion on Risk Taking: An Experimental Test," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 112(2), pages 647-661.
    2. Timothy B. Palmer & Robert M. Wiseman, 1999. "Decoupling risk taking from income stream uncertainty: a holistic model of risk," Strategic Management Journal, Wiley Blackwell, vol. 20(11), pages 1037-1062, November.
    3. repec:bla:jfinan:v:53:y:1998:i:5:p:1775-1798 is not listed on IDEAS
    4. Daniel Kahneman & Amos Tversky, 2013. "Prospect Theory: An Analysis of Decision Under Risk," World Scientific Book Chapters, in: Leonard C MacLean & William T Ziemba (ed.), HANDBOOK OF THE FUNDAMENTALS OF FINANCIAL DECISION MAKING Part I, chapter 6, pages 99-127, World Scientific Publishing Co. Pte. Ltd..
    5. Lander, Diane M. & Pinches, George E., 1998. "Challenges to the Practical Implementation of Modeling and Valuing Real Options," The Quarterly Review of Economics and Finance, Elsevier, vol. 38(3, Part 2), pages 537-567.
    6. Jay R. Galbraith, 1974. "Organization Design: An Information Processing View," Interfaces, INFORMS, vol. 4(3), pages 28-36, May.
    7. Mark P. Sharfman & James W. Dean Jr, 1997. "Flexibility in Strategic Decision Making: Informational and Ideological Perspectives," Journal of Management Studies, Wiley Blackwell, vol. 34(2), pages 191-217, March.
    8. Shlomo Benartzi & Richard H. Thaler, 1995. "Myopic Loss Aversion and the Equity Premium Puzzle," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 110(1), pages 73-92.
    9. Stewart C. Myers, 1984. "Finance Theory and Financial Strategy," Interfaces, INFORMS, vol. 14(1), pages 126-137, February.
    10. James G. March & Zur Shapira, 1987. "Managerial Perspectives on Risk and Risk Taking," Management Science, INFORMS, vol. 33(11), pages 1404-1418, November.
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    Citations

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    Cited by:

    1. Driouchi, Tarik & Leseure, Michel & Bennett, David, 2009. "A robustness framework for monitoring real options under uncertainty," Omega, Elsevier, vol. 37(3), pages 698-710, June.
    2. Bednyagin, Denis & Gnansounou, Edgard, 2011. "Real options valuation of fusion energy R&D programme," Energy Policy, Elsevier, vol. 39(1), pages 116-130, January.
    3. Shu Feng & Chun-Yu Ho, 2016. "The real option approach to adoption or discontinuation of a management accounting innovation: the case of activity-based costing," Review of Quantitative Finance and Accounting, Springer, vol. 47(3), pages 835-856, October.
    4. Lyons, Glenn & Davidson, Cody, 2016. "Guidance for transport planning and policymaking in the face of an uncertain future," Transportation Research Part A: Policy and Practice, Elsevier, vol. 88(C), pages 104-116.
    5. Lin, Tyrone T. & Huang, Shio-Ling, 2011. "Application of the modified Tobin's q to an uncertain energy-saving project with the real options concept," Energy Policy, Elsevier, vol. 39(1), pages 408-420, January.
    6. Nick Boase & Mathew White & William Gaze & Clare Redshaw, 2017. "Evaluating the Mental Models Approach to Developing a Risk Communication: A Scoping Review of the Evidence," Risk Analysis, John Wiley & Sons, vol. 37(11), pages 2132-2149, November.
    7. Donald R. Lessard & Roger Miller, 2013. "The shaping of large engineering projects," Chapters, in: Hugo Priemus & Bert van Wee (ed.), International Handbook on Mega-Projects, chapter 3, pages 34-56, Edward Elgar Publishing.
    8. Lin, Tyrone T. & Huang, Shio-Ling, 2010. "An entry and exit model on the energy-saving investment strategy with real options," Energy Policy, Elsevier, vol. 38(2), pages 794-802, February.
    9. Peter W. Liesch & Lawrence S. Welch & Peter J. Buckley, 2011. "Risk and Uncertainty in Internationalisation and International Entrepreneurship Studies," Management International Review, Springer, vol. 51(6), pages 851-873, December.

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