Abstracts – Browse Results
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Abdenour, J I (2021) A cost estimation model for improving the budget estimates of industrial plant construction projects, Unpublished PhD Thesis, , The George Washington University.
Adoko, M T (2016) Developing a cost overrun predictive model for complex systems development projects, Unpublished PhD Thesis, , The George Washington University.
Alves, L F (2006) Stochastic approach to risk assessment of project finance structures under public private partnerships, Unpublished PhD Thesis, , The George Washington University.
- Type: Thesis
- Keywords: banking; estimating; project finance; public private partnerships; public sector; risk assessment; Monte Carlo simulation; simulation; government; partnership; payment
- ISBN/ISSN:
- URL: https://www.proquest.com/docview/305337023
- Abstract:
The dissertation provides a forward-looking methodology in order to quantify the risks of a portfolio of project finance structures. As an application of such methodology, the thesis values the contingent government risk in Public Private Partnerships (PPP) for a set of project finance structures in a pre-determined time frame. Since the early 1990s, there has been evidence, due to fiscal restrictions, that governments are utilizing PPPs to fulfill basic infrastructure requirements that were traditionally provided by the public sector. The PPP project's viability lies in the government's ability to bear particular risks. In order for investors and international financiers to be comfortable that the government fulfills its obligations under the PPP, a guarantee fund is envisioned. Such guarantee fund is expected to be collateralized and directed to make payments under particular scenarios that future PPP projects encounter in a particular time frame. The study provides a framework in estimating the asset requirements for the guarantee fund in a pre-defined time frame. Traditional project finance structures rely on sensitivities test in assessing the robustness of the underlying project; such risk assessment has significant limitations. Utilizing the Monte Carlo simulation to determine the level of contingent obligations the government may face over the life of a set of projects under the PPP program further expands the field of project finance in the area of risk assessment. A Payment at Risk (PaR) methodology together with the Portfolio Simulation Approach (PSA), traditionally employed in the banking sector, may be used to determine the size of the guarantee fund to cover the government's contingent obligations under their respective PPP programs for a pre-defined period.
Boyer, E J (2012) Building capacity for cross-sector collaboration: How transportation agencies develop skills and systems to manage public-private partnerships, Unpublished PhD Thesis, , The George Washington University.
Cho, S (2000) Sequential estimation and decision-making in project management: A Bayesian way and heuristic approaches, Unpublished PhD Thesis, , The George Washington University.
Farmer, C M (2018) Constructing program management offices for major defense acquisition programs: Factors to consider, Unpublished PhD Thesis, , The George Washington University.
Griffin, M G (2008) The lived experience of first line managers during planned organizational change: A phenomenological study of one firm in the residential construction industry, Unpublished PhD Thesis, , The George Washington University.
Innocent, M J F, Jr. (2018) Predicting military construction project time outcomes using data analytics, Unpublished PhD Thesis, , The George Washington University.
Kim, E (2000) A study on the effective implementation of earned value management methodology, Unpublished PhD Thesis, , The George Washington University.
Lounsbury, C R (1983) From craft to industry: The building process in North Carolina in the nineteenth century, Unpublished PhD Thesis, , The George Washington University.
Ngamthampunpol, D (2008) An assessment of safety management in the Thai construction industry, Unpublished PhD Thesis, , The George Washington University.
Park, J (2015) Essays on the delivery of public infrastructure projects: Empirical analyses on transportation projects in Florida, Unpublished PhD Thesis, , The George Washington University.
Schulte, W D, Jr. (1999) The effect of international corporate strategies and information and communication technologies on competitive advantage and firm performance: An exploratory study of the international engineering, procurement and construction (IEPC) industry, Unpublished PhD Thesis, , The George Washington University.
Shamma, E M (1988) A dynamic model for the growth of construction firms, Unpublished PhD Thesis, , The George Washington University.
Taku, A M (2021) Predicting modular efficiency in oil and gas capital projects using multi-criteria decision analysis, Unpublished PhD Thesis, , The George Washington University.
Zhou, G (2021) Machine learning-based cost predictive model for better operating expenditure estimations of U.S. light rail transit projects, Unpublished PhD Thesis, , The George Washington University.