Přístupnostní navigace
E-application
Search Search Close
Publication detail
KORYTÁROVÁ, J. HROMÁDKA, V.
Original Title
Risk Assessment of Large-Scale Infrastructure Projects - Assumptions and Context
Type
journal article in Web of Science
Language
English
Original Abstract
This article deals with the partial outputs of large-scale infrastructure project risk assessment, specifically in the field of road and motorway construction. The Department of Transport spends a large amount of funds on project preparation and implementation, which however, must be allocated effectively, and with knowledge of the risks that may accompany them. Therefore, documentation for decision-making on project financing also includes their analysis. This article monitors the frequency of occurrence of individual risk factors within the qualitative risk analysis, with the support of the national risk register, and identifies dependent variables that represent part of the economic cash flows for determining project economic efficiency. At the same time, it compares these dependent variables identified by sensitivity analysis with critical variables, followed by testing the interaction of the critical variables’ effect on the project efficiency using the Monte Carlo method. A partial section of the research was focused on the analysis of the probability distribution of input variables, especially “the investment costs” and “time savings of infrastructure users” variables. The research findings conclude that it is necessary to pay attention to the setting of statistical characteristics of variables entering the economic efficiency indicator calculations, as the decision of whether or not to accept projects for funding is based on them.
Keywords
CBA; investment project; probability distribution; sensitivity analyses; risk assessment
Authors
KORYTÁROVÁ, J.; HROMÁDKA, V.
Released
24. 12. 2020
Publisher
MDPI
Location
Switzerland
ISBN
2076-3417
Periodical
Applied Sciences - Basel
Year of study
11
Number
1
State
Swiss Confederation
Pages from
Pages to
12
Pages count
URL
https://www.mdpi.com/2076-3417/11/1/109
Full text in the Digital Library
http://hdl.handle.net/11012/195828
BibTex
@article{BUT167453, author="Jana {Korytárová} and Vít {Hromádka}", title="Risk Assessment of Large-Scale Infrastructure Projects - Assumptions and Context", journal="Applied Sciences - Basel", year="2020", volume="11", number="1", pages="1--12", doi="10.3390/app11010109", issn="2076-3417", url="https://www.mdpi.com/2076-3417/11/1/109" }