Schutte, ICWilliams, CJWood, DB2009-05-262009-05-262009-05-26Schutte, I., Williams, C. & Wood, D. 2009. <i>Incorporating risk in the economic evaluation of road infrastructure projects</i>. (RR 91/110). http://hdl.handle.net/10204/3406 .http://hdl.handle.net/10204/3406This report is a publication by the National Department of Transport, South Africa, made available by the CSIRDecisions involving road infrastructure investment inevitably are based on various assumptions. This means that risk is inherent in these decisions. It is essential that this risk should be incorporated in the evalution process. This will add credibility to the process and ensure strategic decisions that are more defendable. In this study, a prosedure for incorporating risk is suggested. It involves the identification of inputs critical to the economic success of the project, the quantification of project risk and the use of a risk-adjusted discount rate.enEconomic riskSensitivity analysisCritical parametersProbabilityProject risk distributionEconomic evaluationRoad infrastructure projectsNational Department of TransportSouth AfricaReportSchutte, I., Williams, C., & Wood, D. (2009). <i>Incorporating risk in the economic evaluation of road infrastructure projects</i> (RR 91/110). Retrieved from http://hdl.handle.net/10204/3406Schutte, IC, CJ Williams, and DB Wood <i>Incorporating risk in the economic evaluation of road infrastructure projects.</i> RR 91/110. 2009. http://hdl.handle.net/10204/3406Schutte I, Williams C, Wood D. Incorporating risk in the economic evaluation of road infrastructure projects. 2009 [cited yyyy month dd]. Available from: http://hdl.handle.net/10204/3406TY - Report AU - Schutte, IC AU - Williams, CJ AU - Wood, DB AB - Decisions involving road infrastructure investment inevitably are based on various assumptions. This means that risk is inherent in these decisions. It is essential that this risk should be incorporated in the evalution process. This will add credibility to the process and ensure strategic decisions that are more defendable. In this study, a prosedure for incorporating risk is suggested. It involves the identification of inputs critical to the economic success of the project, the quantification of project risk and the use of a risk-adjusted discount rate. DA - 2009-05-26T13:49:09Z DB - ResearchSpace DP - CSIR KW - Economic risk KW - Sensitivity analysis KW - Critical parameters KW - Probability KW - Project risk distribution KW - Economic evaluation KW - Road infrastructure projects KW - National Department of Transport KW - South Africa LK - https://researchspace.csir.co.za PY - 2009 T1 - Incorporating risk in the economic evaluation of road infrastructure projects TI - Incorporating risk in the economic evaluation of road infrastructure projects UR - http://hdl.handle.net/10204/3406 ER -