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    Real Option Valuation of Flexibility in Operation and Maintenance Contracts of Water Pipelines Based on Reliability Analysis 

    Source: Journal of Infrastructure Systems:;2020:;Volume ( 026 ):;issue: 001
    Author(s): Mahdi Soltani; Afshin Firouzi
    Publisher: ASCE
    Abstract: Pitting corrosion of buried cast iron water pipelines causes damage that cannot be easily detected without advanced monitoring tools. Structural reliability analysis can be used to account for the inherent environmental ...
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    Bayesian Updating of Copula-Based Probabilistic Project-Duration Model 

    Source: Journal of Construction Engineering and Management:;2020:;Volume ( 146 ):;issue: 005
    Author(s): Afshin Firouzi; Mehdi Khayyati
    Publisher: ASCE
    Abstract: This paper presents a generic copula-based method for accurate prediction of probabilistic time performance of projects. The proposed stepwise method first collates all uncertainties of the project activities and propagates ...
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    Applicability of Financial Derivatives for Hedging Material Price Risk in Highway Construction 

    Source: Journal of Construction Engineering and Management:;2019:;Volume ( 145 ):;issue: 005
    Author(s): Afshin Firouzi; Mohammad Vahdatmanesh
    Publisher: American Society of Civil Engineers
    Abstract: Highway infrastructure is critical to the sustainable development of a country. Nonetheless, these capital-intensive projects, especially in build-operate-transfer (BOT) contracts, are prone to the risk of material price ...
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    Closed-Form Solution to First Passage Probability for Nonstationary Lognormal Processes 

    Source: Journal of Engineering Mechanics:;2016:;Volume ( 142 ):;issue: 012
    Author(s): Chun-Qing Li; Afshin Firouzi; Wei Yang
    Publisher: American Society of Civil Engineers
    Abstract: In time-dependent reliability analysis, the calculation of the mean outcrossing or upcrossing rate of a stochastic process from a safe domain or barrier level based on the Rice formula continues to present serious challenge ...
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    Prediction of Total Cost of Construction Project with Dependent Cost Items 

    Source: Journal of Construction Engineering and Management:;2016:;Volume ( 142 ):;issue: 012
    Author(s): Afshin Firouzi; Wei Yang; Chun-Qing Li
    Publisher: American Society of Civil Engineers
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    Prediction of Pitting Corrosion–Induced Perforation of Ductile Iron Pipes 

    Source: Journal of Engineering Mechanics:;2017:;Volume ( 143 ):;issue: 008
    Author(s): Chun-Qing Li; Afshin Firouzi; Wei Yang
    Publisher: American Society of Civil Engineers
    Abstract: The increasing rate of deterioration of buried pipelines has necessitated the development of a robust assessment method for their structural integrity and service life prediction. Among various deterioration mechanisms, ...
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