More and more construction projects are closed before they ever start. Among the most significant reasons for project failures is cost risk. Construction companies have many problems with reliable cost management. Rising demands of the key market pla...
Considering that investing in the production of corn and soybeans is conditioned by production costs and several risks, the objective of this research work was to develop a simulation model for the prediction of the production costs of these commodit...
Construction projects are complexity, multidisciplinary, have thousands of activities and details, and involve many participants. This intricate and fragmented nature of construction projects coupled with tight budgets and limited resources makes the...
Construction below the ground surface and underneath the groundwater table is often associated with groundwater leakage and drawdowns in the surroundings which subsequently can result in a wide variety of risks. To avoid groundwater drawdown-associat...
The current research investigates cost overrun factors in structural projects, focusing on the Middle East and North Africa (MENA) region using Egypt as a model. A systematic literature review was conducted, analyzing 405 research papers published be...
The paper discusses issues related to life cycle costs in construction. Life cycle cost is a key element in the assessment of environmental sustainability in construction and it provides a tool for the economic evaluation of alternative sustainabilit...
Prefabricated construction offers numerous advantages, such as high efficiency and energy efficiency. However, its promotion is impeded by the significant associated costs. Thus, the primary objective of this study is to investigate the overall life-...
International agreements commit nations to control or eradicate invasive alien species. The scale of this challenge exceeds available resources and so it is essential to prioritise the management of invasive alien species. Species prioritisation for...
Methods to handle uncertainty in economic evaluation have gained much attention in the literature, and the cost-effectiveness acceptability curve (CEAC) is the most widely used method to summarise and present uncertainty associated with program costs...
In order to solve the problem of traditional risk rating methods without considering the cost of risk maintenance resources and ignoring the low risk of “High Loss Severity (HLS) with low probability” and the low risk of “High Failu...
This study aimed to explore the influence of risk committee characteristics on agency costs and financial performance as well as investigate whether the attributes of a risk committee moderate the association between the agency costs and financial pe...
This research explores ways to develop a risk management strategy that enables shipping companies to reduce unnecessary fuel cost risks, fuel price fluctuations and improve financial management. Through the Monte Carlo method, the study makes use of...
This study examines the relationship between sustainability managed against downside risk and the cost of equity in the Korean stock market during the 2000–2016 period. We employ downside co-skewness and downside beta as a measure of downside r...
Risk and financial cost management are becoming increasingly important in the oil industry, especially in companies that have mature oil fields as assets. In such cases, risk and cost analysis are crucial to their existence. The paper analyzes the ri...
The persistent decline in infrastructure spending, notably within the transportation sector, raises concerns about governments’ capacity to meet the demands of a sustainable growing economy. The incorporation of risk assessment in the analysis...
Building Information Modeling (BIM) has arisen as a promising technology that can enhance construction project outcomes through cost reduction when compared to conventional practices. More studies need to be conducted to examine the influence of BIM...
The purpose of this study is to analyze the causes of cost variation in natural disaster prevention projects (NDPPs) in Gyeongsangbuk-do, South Korea, and develop tailored cost and risk management strategies. Utilizing a binary logistic regression mo...
Prefabricated building constitutes the development trend of the construction industry in the future. However, many uncertainties in the construction process will surely lead to a higher cost. Therefore, it is necessary to study the cost risk evolutio...
Food safety is a major risk for agribusiness firms. According to the Centers for Disease Control and Prevention (CDC), approximately 5000 people die annually, and 36,000 people are hospitalized as a result of foodborne outbreaks in the United States....
The ever-increasing attention towards climate change has led to investigate the economic and financial impact of environmental risk. In this scenario, we aimed at investigating the relationship between a specific component of environmental risk, name...
The construction industry is subjected to more risk and uncertainty than many other industries, in addition to poor risk-tracking records. This usually causes the late completion of projects, surpassing their estimated budgets even without achieving...
Prior research empirically finds that the systematic equity risk for US firms as measured by beta reflects the risk of their defined benefit pension plans, despite opaque and complicated pension accounting rules. This paper re-examines this question...
Cost overrun risks are declared to be dynamic and interdependent. Ignoring the relationship between cost overrun risks during the risk assessment process is one of the primary reasons construction projects go over budget. Conversely, recent studies h...
Background: Digital breast tomosynthesis (DBT) and abbreviated breast MRI (AB-MRI) offer superior diagnostic performance compared to conventional mammography in screening women with intermediate risk of breast cancer due to dense breast tissue. The a...
The surveying industry, often operating in high-risk environments such as construction sites and transport corridors, currently lacks a standardized framework for estimating and allocating safety management costs. This study proposes a dual-mode safe...
Pile construction projects cause significant time and expense overruns. The pile installation activity is the primary reason for project underperformance and uncertainties. Additionally, the risks associated with pile installation are mostly consider...
Taxes represent a significant expense for many companies, prompting a strong incentive to minimize tax liabilities through strategies known as tax avoidance. This research explores the impact of tax avoidance and tax risk disclosure on the cost of de...
Policymakers require robust cost-effectiveness evidence of risk-reducing-surgery (RRS) for decision making on resource allocation for breast cancer (BC)/ovarian cancer (OC)/endometrial cancer (EC) prevention. We aimed to summarise published data on t...
The application of drones provides a powerful solution for “the last-mile” logistics services, while the large-scale implementation of logistics drone services will threaten the safety of buildings, pedestrians, vehicles, and other elemen...
Estimating the completion cost accurately in the early phases of construction projects is critical to their success. However, cost overruns are almost inevitable due to the risks inherent in construction projects. Hence, the completion cost fluctuate...
Inaccurate cost and schedule estimations in road infrastructure projects continue to be a critical source of contractual disputes and financial inefficiencies, particularly in developing countries. While quantitative risk analysis (QRA) methods such...
To address the challenges of multiple cost-influencing factors, high risks, and difficult control in highway construction projects, this study conducts a cost risk assessment based on the full-process perspective of project owners. Considering the lo...
Introduction: Variable costs of different radiation treatment modalities have played an important factor in selecting the most appropriate treatment for patients with intermediate-risk prostate cancer. Methods: Analysis using a Markov model was condu...
The textile industry achieves economic benefits through outsourcing to low cost markets. Today, reshoring is an emerging trend due to rising cost and unemployment concerns. This problem is primarily due to an industry-wide focus on economic benefits...
Recent years have witnessed active construction of multi-storey residential buildings. The scale of construction, its timing and limitations in financing contribute to the emergence of risk factors affecting the key parameters of cost and duration of...
Objectives. The aim was to evaluate the cost-effectiveness of sentinel lymph node (SLN) mapping in comparison to routine pelvic lymphadenectomy for lymph node assessment in patients with high-risk endometrial cancer (EC). Methods. A decision–an...
This paper examines the issue cost-effective procurement of a commodity product when its spot (open) market prices are stochastic, contract prices are previously determined, and there are costs associated with adjusting (i.e., switching) the procurem...
As freshwater scarcity becomes increasingly severe under climate change, physical water risk has emerged as a critical financial concern for firms in water-intensive industries. This study explores whether and how physical water risk influences firms...
Compared with other industries such as manufacturing, the construction industry has a higher danger of fatalities. In Korea, the risk level in the construction industry is managed using the fatality rate per 10,000 construction workers. However, this...
As climate change intensifies the frequency and severity of its adverse events, there is growing concern about its impact on the economy, particularly in financial markets and corporate financial management. This study addresses this gap through a sy...
The deployment of ultra-high-performance concrete (UHPC) is a strategic response to the urgent need for advanced building materials, particularly for the repair and enhancement of aging infrastructure. Highway bridges, which are constantly subjected...
Rapid transformation across all sectors through Saudi Arabia’s vision 2030 initiatives led to an increase in construction activities. However, the construction industry has been already facing huge cost and time overruns, affecting all stakehol...
The transaction cost (TC) escalation is the pervasive problem in the construction industry, which is continuously a threat to maintaining the life cycle cost of projects. Researchers have described the reality of risk for economic transactions. This...
Reinsurance is often empirically hailed as a value-adding risk management strategy which an insurer can utilize to achieve various business objectives. In the context of a distortion-risk-measure-based three-party model incorporating a policyholder,...
Nuclear Power Plant (NPP) site preparation in tropical regions faces significant schedule and cost risks due to rainfall, which are often addressed with inadequate and unspecified contingencies. This study develops an integrated framework to address...
Current studies on preventive condition-based maintenance of power transmission and transformation equipment mainly focus on mid-term or long-term maintenance, and cannot meet the requirements of short-term especially temporary maintenance. In order...
This study analyzes the short-run hydro generation scheduling for the wind power differences from the contracted schedule. The approach for construction of the joint short-run marginal cost curve for the hydro-wind coordinated generation is proposed...
Anchor dragging at anchorages poses a significant threat to marine traffic, potentially leading to collisions and damage to seabed infrastructure. This study analyzed a large dataset of ships in anchorage areas to develop a machine learning (ML) mode...
In a global society, in which geotechnical projects are increasingly designed in a country other than the one where construction takes place, geotechnical risk management must be extended to cover infrastructure works, which are smaller than dams and...
In the Small Island Developing States (SIDS), public sector infrastructure projects (PSIPs) fail to both meet targeted performance metrics and deliver on the intended benefits to society. In terms of the cost performance metric, cost overruns (COs) b...
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