Improvement of the cost-benefit analysis algorithm for high-rise construction projects
The specific nature of high-rise investment projects entailing long-term construction, high risks, etc. implies a need to improve the standard algorithm of cost-benefit analysis. An improved algorithm is described in the article. For development of the improved algorithm of cost-benefit analysis for...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
| Published: |
EDP Sciences
2018-01-01
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| Series: | E3S Web of Conferences |
| Online Access: | https://doi.org/10.1051/e3sconf/20183303073 |
| _version_ | 1818578667811373056 |
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| author | Gafurov Andrey Skotarenko Oksana Plotnikov Vladimir |
| author_facet | Gafurov Andrey Skotarenko Oksana Plotnikov Vladimir |
| author_sort | Gafurov Andrey |
| collection | DOAJ |
| description | The specific nature of high-rise investment projects entailing long-term construction, high risks, etc. implies a need to improve the standard algorithm of cost-benefit analysis. An improved algorithm is described in the article. For development of the improved algorithm of cost-benefit analysis for high-rise construction projects, the following methods were used: weighted average cost of capital, dynamic cost-benefit analysis of investment projects, risk mapping, scenario analysis, sensitivity analysis of critical ratios, etc. This comprehensive approach helped to adapt the original algorithm to feasibility objectives in high-rise construction. The authors put together the algorithm of cost-benefit analysis for high-rise construction projects on the basis of risk mapping and sensitivity analysis of critical ratios. The suggested project risk management algorithms greatly expand the standard algorithm of cost-benefit analysis in investment projects, namely: the “Project analysis scenario” flowchart, improving quality and reliability of forecasting reports in investment projects; the main stages of cash flow adjustment based on risk mapping for better cost-benefit project analysis provided the broad range of risks in high-rise construction; analysis of dynamic cost-benefit values considering project sensitivity to crucial variables, improving flexibility in implementation of high-rise projects. |
| first_indexed | 2024-12-16T06:49:27Z |
| format | Article |
| id | doaj.art-493b7fe5857342c19d3522a5b7cecce8 |
| institution | Directory Open Access Journal |
| issn | 2267-1242 |
| language | English |
| last_indexed | 2024-12-16T06:49:27Z |
| publishDate | 2018-01-01 |
| publisher | EDP Sciences |
| record_format | Article |
| series | E3S Web of Conferences |
| spelling | doaj.art-493b7fe5857342c19d3522a5b7cecce82022-12-21T22:40:27ZengEDP SciencesE3S Web of Conferences2267-12422018-01-01330307310.1051/e3sconf/20183303073e3sconf_hrc2018_03073Improvement of the cost-benefit analysis algorithm for high-rise construction projectsGafurov AndreySkotarenko OksanaPlotnikov VladimirThe specific nature of high-rise investment projects entailing long-term construction, high risks, etc. implies a need to improve the standard algorithm of cost-benefit analysis. An improved algorithm is described in the article. For development of the improved algorithm of cost-benefit analysis for high-rise construction projects, the following methods were used: weighted average cost of capital, dynamic cost-benefit analysis of investment projects, risk mapping, scenario analysis, sensitivity analysis of critical ratios, etc. This comprehensive approach helped to adapt the original algorithm to feasibility objectives in high-rise construction. The authors put together the algorithm of cost-benefit analysis for high-rise construction projects on the basis of risk mapping and sensitivity analysis of critical ratios. The suggested project risk management algorithms greatly expand the standard algorithm of cost-benefit analysis in investment projects, namely: the “Project analysis scenario” flowchart, improving quality and reliability of forecasting reports in investment projects; the main stages of cash flow adjustment based on risk mapping for better cost-benefit project analysis provided the broad range of risks in high-rise construction; analysis of dynamic cost-benefit values considering project sensitivity to crucial variables, improving flexibility in implementation of high-rise projects.https://doi.org/10.1051/e3sconf/20183303073 |
| spellingShingle | Gafurov Andrey Skotarenko Oksana Plotnikov Vladimir Improvement of the cost-benefit analysis algorithm for high-rise construction projects E3S Web of Conferences |
| title | Improvement of the cost-benefit analysis algorithm for high-rise construction projects |
| title_full | Improvement of the cost-benefit analysis algorithm for high-rise construction projects |
| title_fullStr | Improvement of the cost-benefit analysis algorithm for high-rise construction projects |
| title_full_unstemmed | Improvement of the cost-benefit analysis algorithm for high-rise construction projects |
| title_short | Improvement of the cost-benefit analysis algorithm for high-rise construction projects |
| title_sort | improvement of the cost benefit analysis algorithm for high rise construction projects |
| url | https://doi.org/10.1051/e3sconf/20183303073 |
| work_keys_str_mv | AT gafurovandrey improvementofthecostbenefitanalysisalgorithmforhighriseconstructionprojects AT skotarenkooksana improvementofthecostbenefitanalysisalgorithmforhighriseconstructionprojects AT plotnikovvladimir improvementofthecostbenefitanalysisalgorithmforhighriseconstructionprojects |