Risk Assessment in Public Investment Projects: Impact of Empirically-grounded Methodology on Measured Values of Intangible Obligations in Lithuania

Jasiukevicius, Linas

doi:10.1016/j.sbspro.2015.11.553

Cited by 7 publications

(9 citation statements)

References 26 publications

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“…Jasiukevicius and Vasiliauskaite () mention that accurately assessing investment costs (ICs) due to various possible uncertainties in the future is a complex action. The first step in the identification and prioritisation of investment risks in civil projects is to make a complete list of relevant criteria.…”

Section: Conceptual Backgroundmentioning

confidence: 99%

“…For instance, Khodeir and Mohamed () in their study in Egypt found that the most important risks in the civil projects are “changes in the currency rate” and “legal requirements” and categorised them under systematic risk, and also, “workers' strikes” and “wrong decisions made by stockholders” factors were considered as commercial risks. Also, in another study conducted in the context of Lithuania by Jasiukevicius and Vasiliauskaite (), they indicated that “the instability of the state,” “the lack of liquidity flow,” and “barriers to foreign investments” are the main factors related to the environmental and commercial risks.…”

Section: Conclusion and Recommendationsmentioning

confidence: 99%

“…Not only does this framework includes risk identification, measurement, and management, but also it results in consistency, which provides an investment with feedback on risk changes over time, and crisis management procedures with a plan restricting risk factors, which were previously unforeseen (Abgoon, 2010). Jasiukevicius and Vasiliauskaite (2015) mention that accurately assessing investment costs (ICs) due to various possible uncertainties in the future is a complex action. The first step in the identification and prioritisation of investment risks in civil projects is to make a complete list of relevant criteria.…”

Section: Risk Managementmentioning

confidence: 99%

“…and "wrong decisions made by stockholders" factors were considered as commercial risks. Also, in another study conducted in the context of Lithuania by Jasiukevicius and Vasiliauskaite (2015), they indicated that "the instability of the state," "the lack of liquidity flow," and "barriers to foreign investments" are the main factors related to the environmental and commercial risks.…”

Section: Figurementioning

confidence: 99%

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Identification and prioritization of construction projects investment risks using a hybrid fuzzy approach

Gharanfoli

Valmohammadi

2019

Multi Criteria Decision Anal

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Lack of sufficient knowledge of the project environment can increase investment risks. Accordingly, the identification, grading, and management of risks are essential to project success. Risk identification is an accurate, detailed, and probing process that identifies risks during project life cycle by interacting with individuals and experts. Because risks constantly recur and change during project life cycle, risk identification is an essential and iterative process in all project phases. So, this study aims to identify and prioritise construction projects risks using a hybrid quantitative approach, namely, Fuzzy Decision Making and Trial Evaluation Laboratory (FDEMATEL) and Fuzzy Analytic Network Process (FANP) techniques. After review of the relevant literature and classification of the identified investment risks into three main risks, the above‐mentioned techniques were applied. Results revealed that systemic risk is the most influential factor whereas environmental risk is the most permeable factor among the main criteria. The highest weight belongs to the business risk factor whereas the lowest weight belongs to systemic risk. These were the most and least important factors of the risks involved in construction projects from the perspective of the experts.

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Section: Conceptual Backgroundmentioning

confidence: 99%

Section: Conclusion and Recommendationsmentioning

confidence: 99%

Section: Risk Managementmentioning

confidence: 99%

Section: Figurementioning

confidence: 99%

See 2 more Smart Citations

Identification and prioritization of construction projects investment risks using a hybrid fuzzy approach

Gharanfoli

Valmohammadi

2019

Multi Criteria Decision Anal

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“…Thus, in recent years, both foreign and domestic authors have been studying the issues of evaluating the effectiveness and efficiency of investment projects, the order of formation and of investment portfolios optimization. Special attention should be paid to the interest of foreign authors in the study of issues and problems of public investment projects [1][2][3].…”

Section: Introductionmentioning

confidence: 99%

Investment Portfolio Optimization on the Basis of Risk Approach by Means of Economic-Mathematical Modeling

Балынин¹,

Atanasovska²,

Kokodey³

2019

Proceedings of the 2nd International Scientific Conference on New Industrialization: Global, National, Regional Dimension (SICN

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The main features of formation of the investment portfolio is presented. The certain tasks which can be solved in the process of optimization are listed. The key principles in the basis of the investment portfolio optimization are stated. The stages of the optimal investment portfolio formation are analyzed. Particular attention was paid to the possibility of income taxation optimization for individual instruments that are included in the portfolio. When forming an optimal investment portfolio in the context of a risk-based approach, calculations was performed using the formulas of Markowitz, Sharpe and Treinor. The authors consider the order of practical application and calculation of the above mentioned coefficients on a practical example. In order to optimize the work process and time resource savings, all calculations on the Markowitz model are made by means of Microsoft Excel. In conclusion, it was noted that the investment portfolio optimization was the most important task of the company in the investment strategy implementation and in attracting investment capital into projects.

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Message from Guest Editors: Responsibility Dilemmas for Organizations and Institutions in an Uncertain World

Gimžauskienė

Duoba

Pavie

et al. 2015

Procedia - Social and Behavioral Sciences

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Risk Assessment in Public Investment Projects: Impact of Empirically-grounded Methodology on Measured Values of Intangible Obligations in Lithuania

Cited by 7 publications

References 26 publications

Identification and prioritization of construction projects investment risks using a hybrid fuzzy approach

Identification and prioritization of construction projects investment risks using a hybrid fuzzy approach

Investment Portfolio Optimization on the Basis of Risk Approach by Means of Economic-Mathematical Modeling

Message from Guest Editors: Responsibility Dilemmas for Organizations and Institutions in an Uncertain World

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