Risk Assessment of Large-Scale Infrastructure Projects - Assumptions and Context

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dc.contributor.authorKorytárová, Janacs
dc.contributor.authorHromádka, Vítcs
dc.coverage.issue1cs
dc.coverage.volume11cs
dc.date.accessioned2021-01-12T15:54:58Z
dc.date.available2021-01-12T15:54:58Z
dc.date.issued2020-12-24cs
dc.description.abstractThis article deals with the partial outputs of large-scale infrastructure project risk assessment, specifically in the field of road and motorway construction. The Department of Transport spends a large amount of funds on project preparation and implementation, which however, must be allocated effectively, and with knowledge of the risks that may accompany them. Therefore, documentation for decision-making on project financing also includes their analysis. This article monitors the frequency of occurrence of individual risk factors within the qualitative risk analysis, with the support of the national risk register, and identifies dependent variables that represent part of the economic cash flows for determining project economic efficiency. At the same time, it compares these dependent variables identified by sensitivity analysis with critical variables, followed by testing the interaction of the critical variables’ effect on the project efficiency using the Monte Carlo method. A partial section of the research was focused on the analysis of the probability distribution of input variables, especially “the investment costs” and “time savings of infrastructure users” variables. The research findings conclude that it is necessary to pay attention to the setting of statistical characteristics of variables entering the economic efficiency indicator calculations, as the decision of whether or not to accept projects for funding is based on them.en
dc.formattextcs
dc.format.extent1-12cs
dc.format.mimetypeapplication/pdfcs
dc.identifier.citationApplied Sciences - Basel. 2020, vol. 11, issue 1, p. 1-12.en
dc.identifier.doi10.3390/app11010109cs
dc.identifier.issn2076-3417cs
dc.identifier.other167453cs
dc.identifier.urihttp://hdl.handle.net/11012/195828
dc.language.isoencs
dc.publisherMDPIcs
dc.relation.ispartofApplied Sciences - Baselcs
dc.relation.urihttps://www.mdpi.com/2076-3417/11/1/109cs
dc.rightsCreative Commons Attribution 4.0 Internationalcs
dc.rights.accessopenAccesscs
dc.rights.sherpahttp://www.sherpa.ac.uk/romeo/issn/2076-3417/cs
dc.rights.urihttp://creativecommons.org/licenses/by/4.0/cs
dc.subjectCBAen
dc.subjectinvestment projecten
dc.subjectprobability distributionen
dc.subjectsensitivity analysesen
dc.subjectrisk assessmenten
dc.titleRisk Assessment of Large-Scale Infrastructure Projects - Assumptions and Contexten
dc.type.driverarticleen
dc.type.statusPeer-revieweden
dc.type.versionpublishedVersionen
sync.item.dbidVAV-167453en
sync.item.dbtypeVAVen
sync.item.insts2021.01.28 16:57:01en
sync.item.modts2021.01.28 16:15:04en
thesis.grantorVysoké učení technické v Brně. Fakulta stavební. Ústav stavební ekonomiky a řízenícs
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