MANAGING INVESTMENTS IN EMERGING TECHNOLOGIES: THE CASE OF IVHS/ITS
This report discusses the use of uncertainty analysis for decision evaluation in project management. We introduce the difference between committed costs and actual expenditures as a margin of control. That is followed by a discussion of the role and value of information in closing the gap between cost commitments and expenditures. Further by using a measure of uncertainty we construct a cost-risk evaluation framework for assessing the Go/No Go decision at each stage of project implementation. We believe this is a first step in operationalizing the information gain/uncertainty reduction decision role in project continuance. We discuss this concept in the context of the emerging transportation technologies of Intelligent Vehicle Highway Systems (IVHS) now called Intelligent Transportation Systems (ITS).
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Availability:
- Find a library where document is available. Order URL: http://worldcat.org/oclc/34620932
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Corporate Authors:
GORDON AND BREACH SCIENCE PUB.
AMSTERDAM:
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Authors:
- Heynes, K E
- Phillips, F Y
- Qiangsheng, L
- Pandit, N S
- Arieira, C R
- Publication Date: 1996-1
Language
- English
Media Info
- Features: Figures; References; Tables;
- Pagination: p. 21-47
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Serial:
- ITS Journal
- Volume: 3
- Issue Number: 1
- Publisher: Taylor & Francis
- ISSN: 1024-8072
- Serial URL: http://firstsearch.oclc.org/journal=1024-8072;screen=info;ECOIP
Subject/Index Terms
- TRT Terms: Decision making; Information management; Intelligent transportation systems; Investments; Project management; Risk assessment; Uncertainty
- Subject Areas: Administration and Management; Data and Information Technology; Highways; Operations and Traffic Management; Planning and Forecasting; Safety and Human Factors;
Filing Info
- Accession Number: 00720360
- Record Type: Publication
- Files: TRIS
- Created Date: Apr 16 1996 12:00AM