Browsing by Subject "Project management."
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Item Open Access Evaluation of a consumer durable investment project: a feasibility study(1996) Çiftçi, TürkerInvestment projects have to be analyzed veiy carefully before they have been realized. Feasibility study is the most important part of this analysis process. The aim of this study is to propose a systematic project analysis framework and by using this framework to conduct a feasibility study in a real life investment project on consumer durable industry.Item Open Access Risk analysis in construction business(1996-11) Ersarı, Mehmet AliItem Open Access Valuing risky projects in incomplete markets(2009) Doğruer, Şaziye PelinWe study the problem of valuing risky projects in incomplete markets. We develop a new method to value risky projects by restricting the so-called gain-loss ratio. We calculate the project value bounds on a numerical example and compare the results of our method with the option pricing analysis method. The proposed method yields tighter price bounds to the projects than option pricing analysis method. Moreover, for a specific value of gain-loss preference parameter, λ ∗ , our new method may yield a unique project value. Interestingly, replicating portfolios are different in the upper and lower bound problems for λ ∗ . The results are obtained in a discrete time, discrete space framework. We also extend our method to markets with transaction costs and situations with uncertain state probabilities.