Investments in ports and shipping today are subject to uncertainty in demand, costs, prices, and technology requirements. As a result, port and shipping project appraisal must consider the risk of project decisions on outcome. The basic concepts of project appraisal under risk are discussed in this paper, and the effects of uncertainties on measures of project performance such as net present value or internal rate of return are reviewed. Applications of the approach advocated are presented in a follow-up paper.


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    Title :

    Port or shipping project appraisal under risk††.


    Contributors:

    Published in:

    Publication date :

    1989-01-01




    Type of media :

    Article (Journal)


    Type of material :

    Electronic Resource


    Language :

    Unknown



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