Decision support system to evaluate and compare concession options

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Title Decision support system to evaluate and compare concession options
Author McCowan, Alison Kate; Mohamed, Sherif Ali Mohtady
Journal Name Journal of Construction Engineering and Management
Editor Edward J Jaselskis
Year Published 2007
Place of publication United States
Publisher American Society of Civil Engineers (ASCE)
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.
Peer Reviewed Yes
Published Yes
Volume 133
Issue Number 2
Page from 114
Page to 123
ISSN 0733-9364
Date Accessioned 2007-07-29
Language en_AU
Faculty Faculty of Science, Environment, Engineering and Technology
Subject Building Construction Management
URI http://hdl.handle.net/10072/18276
Publication Type Journal Articles (Refereed Article)
Publication Type Code c1

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