Financial risk of project's cost

A. Mehrez, U. Regev

Research output: Contribution to journalArticlepeer-review

1 Scopus citations


In this paper we will examine the effects of uncertainty of investment costs on the expected gain and budget allocation of a decision-maker. These effects are studied using the relationship between riskiness and stochastic dominance. Results and examples are provided for the case of budgeting one project. Furthermore, the problem of centralized vs. non-centralized budget allocation for n identically independent distributed projects is discussed.

Original languageEnglish
Pages (from-to)B273-B280
JournalMathematical Methods of Operations Research
Issue number1
StatePublished - 1 Dec 1983

ASJC Scopus subject areas

  • Software
  • General Mathematics
  • Management Science and Operations Research


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