Multimodal infrastructure Investment Decision Making: An Institutional and Funding Perspective

Multimodal Infrastructure Investment Decision Making: An Institutional and Funding Perspective

Multi Entity Perspective Transportation Infrastructure Investment Decision Making

Investment in new large transportation infrastructure is capital-intensive and irreversible in nature. Private sector participation in infrastructure investment has gained popularity in recent times because of scarcity of resources at the public sector, and because of the ability of the private sector to build, operate, maintain such facilities, and share future uncertainties. In such cases, th...

Fuzzy Investment Decision Making

Recent literature on fuzzy numbers is rich of several approaches to approximate operations between fuzzy numbers. The desirable feature is to preserve the real shape of the fuzzy numbers resulting from the operations, without loosing in simplicity and applicability and in goodness of the approximations. In some recent papers we introduce a representation of the fuzzy numbers, based on the use o...

Real Options and Investment Decision Making

Real options analysis seeks to value flexibility in investment opportunities – both the flexibility offered to management once the investment is undertaken, and the flexibility of delaying the investment through time. The real options approach contrasts with the standard approach to investment decision making, the net present value (NPV) approach, which assumes the investment opportunity is a n...

Investment Decision-Making and Hindsight Bias

We investigated the relationships between investment decision making and hindsight bias. Economic studies consider the agent’s foresight perspective only, without taking into account the hindsight bias possible effects in the decision-making process. We studied the subject’s overall perceived error by focusing on the causal relations between the estimate and memory errors and by analysing his c...