search query: @indexterm computer models / total: 12
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| Author: | Frizelle, G. D. M. |
| Title: | Model for maximizing the return on capital project under timing uncertainty. |
| Journal: | International Journal of Project Management
1993 : FEB, VOL. 11:1, p. 39-47 |
| Index terms: | CAPITAL PROJECTS DISCOUNTED CASH FLOW UNCERTAINTY COMPUTER MODELS |
| Language: | eng |
| Abstract: | The paper deals with the approach for looking at the way costs, resource levels, work contents and uncertainty impact on the return from very large projects. There are two goals of this approach: 1) to propose a way for determining how the return on capital projects can be maximized; 2) to suggest how that return is influenced by the level of resourcing, the work content and the uncertainties in very large and costly projects. The author suggests that tradeoffs between discounting and efficient working, between project return and the level of risk, between recovery buffers and time buffers, and between recovery buffers and discounting, have been revealed by the model. |
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