Abstract: Infrastructure facilities are generally heavy, fixed, and normally irreversible once construction has been completed. As existing facilities, they may confront economic competition of an increased space demand and the need ...

Abstract: Infrastructure project financing and public-private partnerships (PPPs) are underpinned by risk allocation between the public and private sectors. Project performance risks are often passed to the private sector as a ...

Abstract: A highway system development involves huge irreversible investments, and requires rigorous modeling and analysis before the implementation decision is made. This decision-making process is embedded with multiple uncertainties ...