Support for Expert Estimations in Transportation Projects

Authors

  • O. Pastor
  • P. Novotný
  • J. Melechovský

DOI:

https://doi.org/10.14311/910

Keywords:

decision-making, economic risk, direct determination of the project’s risk, subjective probabilities

Abstract

This paper deals with risk analysis as a part of the financial assessment of transportation projects. Two approaches to risk assessment are discussed. A risk can be evaluated either directly in terms of the probabilistic distribution of the assessment criterion; or an indirect determination of the risk can be applied without constructing the probability distribution, but by determining the characteristic features of the project. 

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Author Biographies

O. Pastor

P. Novotný

J. Melechovský

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Published

2007-01-01

How to Cite

Pastor, O., Novotný, P., & Melechovský, J. (2007). Support for Expert Estimations in Transportation Projects. Acta Polytechnica, 47(1). https://doi.org/10.14311/910

Issue

Section

Articles