Financial risk of project's cost

A. Mehrez; U. Regev

doi:10.1007/BF01916949

Financial risk of project's cost

A. Mehrez, U. Regev

Department of Economics

Research output: Contribution to journal › Article › peer-review

Abstract

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 language	English
Pages (from-to)	B273-B280
Journal	Mathematical Methods of Operations Research
Volume	27
Issue number	1
DOIs	https://doi.org/10.1007/BF01916949
State	Published - 1 Dec 1983

ASJC Scopus subject areas

Software
Mathematics (all)
Management Science and Operations Research

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10.1007/BF01916949

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abstract = "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.",

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AB - 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.

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Financial risk of project's cost

Abstract

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