A Quantitative Method for Analyzing the Allocation of Risks in Transportation Construction

Levitt, R. E.; Ashley, D. B.; Logcher, R. D.; Dziekan, M. W.; Massachusetts Institute of Technology

doi:10.21949/1526786

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A Quantitative Method for Analyzing the Allocation of Risks in Transportation Construction

1979-04-01
By Levitt, R. E. ; Ashley, D. B. ; Logcher, R. D. ; ...

[PDF-4.24 MB]

English

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Creators:

Levitt, R. E. ; Ashley, D. B. ; Logcher, R. D. ; Dziekan, M. W.

Levitt, R. E. ; Ashley, D. B. ; Logcher, R. D. ; Dziekan, M. W. Less -
Corporate Creators:

Massachusetts Institute of Technology
Corporate Contributors:

John A. Volpe National Transportation Systems Center (U.S.) ; United States. Urban Mass Transportation Administration

John A. Volpe National Transportation Systems Center (U.S.) ; United States. Urban Mass Transportation Administration Less -
Subject/TRT Terms:

[+]

Construction Construction Projects Contractors Cost Allocation Costs Decision Theory Hazards Insurance Liability Probability Theory Public Transit Rapid Transit Risk Analysis Risk Assessment
Publication/ Report Number:

DOT-TSC-UMTA-79-14 ; UMTA-MA-06-0100-79-1

DOT-TSC-UMTA-79-14 ; UMTA-MA-06-0100-79-1 Less -
DOI:

https://doi.org/10.21949/1526786
Resource Type:

Tech Report
Geographical Coverage:

United States
Corporate Publisher:

United States. Urban Mass Transportation Administration
Abstract:

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.
Format:

PDF
Collection(s):

Volpe Center
Main Document Checksum:

[+]

urn:sha256:5ef7f1a7df4f6b244adb1638d0c1230ee83a973a91bad5c2937c08614fa12c36
Download URL:

https://rosap.ntl.bts.gov/view/dot/10580/dot_10580_DS1.pdf
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A Quantitative Method for Analyzing the Allocation of Risks in Transportation Construction

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