Optimizing cash-flow-at-risk in construction projects : a cost reduction approach
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Date
Authors
Sharifi, Masoud Mohammad
Bagherpour, Morteza
Journal Title
Journal ISSN
Volume Title
Publisher
Budapest University of Technology and Economics
Abstract
Project managers normally are facing with di culties behind
management of project cash flow, which requires distinguished
methods and appropriate tools to manage negative cash flows.
Cash-Flow-at-Risk (CFaR) model is an e cient approach to
predict cash flow trend. In this study, all risk factors a ecting
project management environment have incorporated to predict
an accurate project cash flow. Then, a response surface method
(RSM) is applied to determine optimal level of risk. The results
have successfully implemented through a case study to demonstrate
the applicability of the proposed method.
Description
Keywords
Gaussian mixture model, Project management, Cash-Flow-at-Risk (CFaR), Response surface method (RSM)
Sustainable Development Goals
Citation
Sharifi, MM & Bagherpour, M 2016, 'Optimizing cash-flow-at-risk in construction projects : a cost reduction approach', Periodica Polytechnica Civil Engineering, vol. 60, no. 3, pp. 337-344.