INVESTMENT RISK ANALYSIS IN AIRPORT PARKING FACILITY DEVELOPMENT

Although parking revenue is a principal source of income, supply of parking infrastructure at airports is based largely on expected needs. Although that is a rational basis, high investment costs and management fees are requiring developers and financiers to carefully analyze investment risks. This paper focuses on sources of investment risk in airport parking infrastructure development and discusses the application of Monte Carlo simulation to estimate and understand the impacts of cash flow uncertainties on project feasibility. It is shown that cost overruns, which are common in construction project development, have the most significant impact on return risk.

• Availability:
  • Find a library where document is available. Order URL: http://worldcat.org/oclc/8675438
• Corporate Authors:

  American Society of Civil Engineers

  1801 Alexander Bell Drive
  Reston, VA  United States  20191-4400
• Authors:
  • Javid, M
  • Seneviratne, P N
• Publication Date: 2000-7

Language

• English

Media Info

• Features: Appendices; Figures; References; Tables;
• Pagination: p. 298-305
• Serial:
  • Journal of Construction Engineering and Management
  • Volume: 126
  • Issue Number: 4
  • Publisher: American Society of Civil Engineers
  • ISSN: 0733-9364
  • EISSN: 1943-7862
  • Serial URL: http://ascelibrary.org/journal/jcemd4

Subject/Index Terms

• TRT Terms: Airport parking facilities; Cash flow; Cost overruns; Costs; Forecasting; Infrastructure; Investments; Management; Monte Carlo method; Parking demand; Return on investment; Revenues; Risk analysis; Sensitivity analysis; Simulation; Uncertainty
• Old TRIS Terms: Overruns
• Subject Areas: Administration and Management; Aviation; Economics; Finance; Terminals and Facilities;

Filing Info

• Accession Number: 00795795
• Record Type: Publication
• Files: TRIS
• Created Date: Jul 31 2000 12:00AM