Flexibility as a Decision Support Strategy for Asset Risk Management

Summary

Subjects addressed:


Topics addressed:

Asset Management Plans

Asset types addressed:

Airport, General

Detail

Title: Flexibility as a Decision Support Strategy for Asset Risk Management
Resource type: Presentation
Year published: 2016
Publisher: TRB
URL: http://onlinepubs.trb.org/onlinepubs/conferences/2016/AssetMgt/45.VivekSakhrani.pdf
Abstract:

This presentation outlines the CPCS process for life-cycle value assessments. The process is explained through a case study of the Delhi International Airport Limited project. It includes Monte Carlo simulations, demand projections, and future flexibility. It concludes that flexibility in technical design and and contracts could have positive effects for value at-risk and value shares.

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