Decision Support System to Evaluate and Compare Concession Options
Article
McCowan, Alison K. and Mohamed, Sherif. 2007. "Decision Support System to Evaluate and Compare Concession Options
." Journal of Construction Engineering and Management. 133 (2), pp. 114-123. https://doi.org/10.1061/(ASCE)0733-9364(2007)133:2(114)
| Article Title | Decision Support System to Evaluate and Compare Concession Options |
|---|---|
| ERA Journal ID | 40479 |
| Article Category | Article |
| Authors | McCowan, Alison K. and Mohamed, Sherif |
| Journal Title | Journal of Construction Engineering and Management |
| Journal Citation | 133 (2), pp. 114-123 |
| Number of Pages | 10 |
| Year | Feb 2007 |
| Publisher | American Society of Civil Engineers |
| Place of Publication | United States |
| ISSN | 0733-9364 |
| 1943-7862 | |
| Digital Object Identifier (DOI) | https://doi.org/10.1061/(ASCE)0733-9364(2007)133:2(114) |
| Web Address (URL) | https://ascelibrary.org/doi/10.1061/(ASCE)0733-9364(2007)133:2(114) |
| Abstract | With the increased popularity of concession projects over the last three decades, there is a need for a decision support system (DSS) capable of evaluating and comparing several concession project investment (CPI) options in an effective and efficient manner. Hence, a novel DSS has been developed that takes into consideration both financial and nonfinancial aspects of the investment option, as well as the uncertainties commonly encountered during the feasibility stage of a project. The DSS is fully implemented as a standalone computer software package, ECCO (evaluate and compare concession options), in order to be of practical use. This paper outlines and validates ECCO’s design and structure through the demonstration of its capabilities in the evaluation and comparison of three real-life CPI case studies. |
| Keywords | construction management; decision support systems; investments; financial management |
| Contains Sensitive Content | Does not contain sensitive content |
| ANZSRC Field of Research 2020 | 400508. Infrastructure engineering and asset management |
| Public Notes | Files associated with this item cannot be displayed due to copyright restrictions. |
| Byline Affiliations | Griffith University |
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