| contributor author | S. Ping Ho | |
| contributor author | Liang Y. Liu | |
| date accessioned | 2017-05-08T20:35:36Z | |
| date available | 2017-05-08T20:35:36Z | |
| date copyright | February 2003 | |
| date issued | 2003 | |
| identifier other | %28asce%290733-9364%282003%29129%3A1%2816%29.pdf | |
| identifier uri | http://yetl.yabesh.ir/yetl/handle/yetl/20587 | |
| description abstract | Many emerging architectural/engineering/construction (A/E/C) technology investments are of strategic importance and may create future growth opportunities. Therefore, from the strategic perspective, management needs a better method that can quantify the strategic value of technology investment and suggest optimal investment strategies when the future is uncertain. This paper presents a quantitative valuation method based on modern option pricing theory for evaluating major investments in emerging A/E/C technologies. This framework considers specifically the technology investment risk and embedded managerial options. It further aligns the investment evaluation process with the financial market. The analysis may help A/E/C firms more accurately evaluate investments in emerging technologies, such as information technology and automation, and make strategic investment decisions under uncertainty. | |
| publisher | American Society of Civil Engineers | |
| title | How to Evaluate and Invest in Emerging A/E/C Technologies under Uncertainty | |
| type | Journal Paper | |
| journal volume | 129 | |
| journal issue | 1 | |
| journal title | Journal of Construction Engineering and Management | |
| identifier doi | 10.1061/(ASCE)0733-9364(2003)129:1(16) | |
| tree | Journal of Construction Engineering and Management:;2003:;Volume ( 129 ):;issue: 001 | |
| contenttype | Fulltext | |
