Airport runways and taxiways are commonly comprised of a flexible pavement with an
asphalt surface. Marshall-designed asphalt with sawn grooves is the most frequent airport …

Infrastructure networks are essential to support the world's economic development.
Governments around the world, in both developed and develo** economies, have …

In PPP projects, it is often necessary for host governments to provide guarantees to investors
due to the large scale of investments involved, long tenure of the project, and hence greater …

In November 2005, the state government of São Paulo, Brazil, announced the intention to
bid a 30-year contract to build, operate, and explore passenger services for the Metro Line 4 …

Developed from financial options theory and pricing models, real options have evolved to
become a mainstream area of academic inquiry. This account traces the field generally from …

Given that engineering flexibility can potentially provide a competitive advantage, the
question then becomes: Precisely how valuable is this flexibility? However, traditional …

The toll-adjustment mechanism (TAM) is a hybrid of a price cap regulation mechanism and a
revenue sharing mechanism. It is one solution to saving private investors from severe traffic …

The concession period is one of the most crucial variables influencing the success of a
transportation project under the build-operate-transfer (BOT) procurement model. Since BOT …

This paper investigates the feasibility of and develops an economic valuation model for
strategic options in Comprehensive Development Agreements (CDAs). A CDA is a form of …

This paper presents the development of a practical and automated system for optimizing the
utilization of construction resources to simultaneously minimize project cost and duration …