A QUANTITATIVE METHOD FOR ANALYZING THE ALLOCATION OF RISKS IN TRANSPORTATION CONSTRUCTION

The report presents a conceptual model of risk that was developed to analyze the impact on owner's cost of alternate allocations of risk among owner and contractor in mass transit construction. A model and analysis procedure are developed, based on decision analysis but extending the standard methodology to include: (1) explicit consideration of risk as an incentive to perform, and (2) the interaction between two decision-makers (owner and contractor) trading risk for price.

  • Corporate Authors:

    Massachusetts Institute of Technology

    Department of Civil Engineering, 77 Massachusetts Avenue
    Cambridge, MA  United States  02139

    Transportation Systems Center

    55 Broadway, Kendall Square
    Cambridge, MA  United States  02142

    Urban Mass Transportation Administration

    Office of Tech Development & Deployment, 400 7th Street, SW
    Washington, DC  United States  20590
  • Authors:
    • Levitt, R E
    • Ashley, D B
    • Logcher, R D
    • Dziekan, M W
  • Publication Date: 1979-4

Media Info

  • Pagination: 156 p.

Subject/Index Terms

Filing Info

  • Accession Number: 00197460
  • Record Type: Publication
  • Source Agency: National Technical Information Service
  • Report/Paper Numbers: DOT-TSC-UMTA-79-14 Final Rpt.
  • Files: NTIS, TRIS, USDOT
  • Created Date: Jul 31 1981 12:00AM