Infrastructure investment : an engineering perspective /: an engineering perspective. (2014)

• Record Type: Book
• Further Information: Note: By David G. Carmichael.
• Authors: Carmichael, D. G, 1948-
• Contents: Introduction Appraisal Outline Part I - Deterministic Benefits, costs and time value Single and multiple investments Interest Appraisal Measures Present worth Annual worth Internal rate of return Payback period Benefit: cost ratio Example calculations Appraisal: Extensions and comments Introduction Apparent conflict Negative benefits Uncertainty Choice of interest rate Inflation Nonfinancial matters/intangibles Part II - Probabilistic Background Introduction Preferred analysis framework Measures of viability and preference Options Obtaining estimates Summary probabilistic appraisal Probabilistic cash flows Introduction Formulation Interest rate Probabilistic cash flows and lifespan Example: Commercial investment Managed investment in primary production Clean development mechanism additionality Multiple projects/ventures Benefit: cost ratio Real options Introduction A present worth focus Call and put options Implementation Example calculation of option value Real option types and examples Introduction Categorization Outline demonstrations Climate change and infrastructure Adaptable, flexible infrastructure Carbon farming initiative Mining options Fast-tracked projects Convertible contracts Financial options Introduction A present worth focus Further comment European financial option American financial option Example calculation of option value Example implementation of the approach given Exotic options Carbon options Employee stock options Random cash flows and interest rates Adjustments Probabilistic cash flows and interest rates Introduction Investment analysis Case study – gas transmission pipeline Case study – index option Summary Variable and fixed rate loan equivalence Markov chains and investment analysis Introduction Markov chains State choice and transition probability estimation Example Payback period and internal rate of return Discussion Bibliography and references
• Edition: 1st
• Publisher Details: Boca Raton : CRC Press
• Publication Date: 2014
• Extent: 1 online resource, illustrations (black and white)
• Subjects: 363; Public works -- Cost effectiveness; Public works -- Estimates; Public investments
• Languages: English
• ISBNs: 9781466576704; 9781466576728
• Related ISBNs: 9781466576698
• Notes: Note: Includes bibliographical references and index.; Note: Description based on CIP data; item not viewed.
• Access Rights: Legal Deposit; Only available on premises controlled by the deposit library and to one user at any one time; The Legal Deposit Libraries (Non-Print Works) Regulations (UK).
• Access Usage: Restricted: Printing from this resource is governed by The Legal Deposit Libraries (Non-Print Works) Regulations (UK) and UK copyright law currently in force.