Volume Uncertainty in Construction Projects: A Real Options Approach
This paper proposes a model aiming to quantify the impact that a specific type of uncertainty -volume uncertainty- may produce on construction projects’ value and on the optimal bid price, in the context of bidding competitions. Volume uncertainty is present in most construction projects since manag...
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| Other Authors: | , |
| Format: | workingPaper |
| Language: | eng |
| Published: |
2021
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| Subjects: | |
| Online Access: | http://hdl.handle.net/11144/4741 |
| Country: | Portugal |
| Oai: | oai:repositorio.ual.pt:11144/4741 |