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Anvuur, A M, Kumaraswamy, M and Fellows, R (2012) Perceptions of status and TMO workgroup cooperation: implications for project governance. Construction Management and Economics, 30(09), 719-37.

Bryde, D J and Schulmeister, R (2012) Applying Lean principles to a building refurbishment project: experiences of key stakeholders. Construction Management and Economics, 30(09), 777-94.

L_wstedt, M and R_is_nen, C (2012) Playing back-spin balls: narrating organizational change in construction. Construction Management and Economics, 30(09), 795-806.

Mokhlesian, S and Holmén, M (2012) Business model changes and green construction processes. Construction Management and Economics, 30(09), 761-75.

Torriti, J (2012) Multiple-project discount rates for cost-benefit analysis in construction projects: a formal risk model for microgeneration renewable energy technologies. Construction Management and Economics, 30(09), 739-47.

  • Type: Journal Article
  • Keywords: cost-benefit analysis; discount rates; microgeneration renewable energy technologies; risk model
  • ISBN/ISSN: 0144-6193
  • URL: https://doi.org/10.1080/01446193.2012.692165
  • Abstract:
    The traditional economic approach for appraising the costs and benefits of construction project net present values involves the calculation of net returns for each investment option under different discount rates. An alternative approach consists of multiple-project discount rates based on risk modelling. The example of a portfolio of microgeneration renewable energy technology is presented to demonstrate that risks and future available budget for re-investment can be taken into account when setting discount rates for construction project specifications in the presence of uncertainty. A formal demonstration is carried out through a reversed intertemporal approach of applied general equilibrium. It is demonstrated that risk and the estimated available budget for future re-investment can be included in the simultaneous assessment of the costs and benefits of multiple projects.

Volker, L (2012) Procuring architectural services: sensemaking in a legal context. Construction Management and Economics, 30(09), 749-59.