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Evaluating Infrastructure Projects under Risk and Uncertainty: A Checklist of Issues

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  • Harry Clarke

Abstract

type="main" xml:lang="en"> The implications of risk, investment irreversibility and learning for infrastructure project assessment are considered, using investment in desalination as a case study. Both qualitative insights from ‘real options’ approaches and arguments based on policy-maker risk aversion to investment appraisal are summarised. A checklist of key issues is presented. Remarks are also made about how pure uncertainty and gross ignorance can influence policy determination.

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  • Harry Clarke, 2014. "Evaluating Infrastructure Projects under Risk and Uncertainty: A Checklist of Issues," Australian Economic Review, The University of Melbourne, Melbourne Institute of Applied Economic and Social Research, vol. 47(1), pages 147-156, March.
    • Handle: RePEc:bla:ausecr:v:47:y:2014:i:1:p:147-156
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    Cited by:

    1. Harry Clarke, 2013. "Planning Urban Water Investments with an Uncertain Climate," Economic Papers, The Economic Society of Australia, vol. 32(4), pages 426-439, December.
    2. Rakan Alyamani & Suzanna Long, 2020. "The Application of Fuzzy Analytic Hierarchy Process in Sustainable Project Selection," Sustainability, MDPI, vol. 12(20), pages 1-16, October.
    3. Sener Salci & Glenn P. Jenkins, 2016. "Incorporating Risk and Uncertainty in Cost-Benefit Analysis," Development Discussion Papers 2016-09, JDI Executive Programs.
    4. Rakan Alyamani & Suzanna Long & Mohammad Nurunnabi, 2020. "Exploring the Relationship between Sustainable Projects and Institutional Isomorphisms: A Project Typology," Sustainability, MDPI, vol. 12(9), pages 1-17, May.

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