02807nas|a2200397 i 4500 20260817161543.0 240701s2001 th uzm rtt 00| a1eng d .b11830281 AIT Thesis no.ST-01-31 Wong, Yik Hong Adjusted present value-at-risk (APV-at-Risk) method in project investment evaluation Bangkok : Asian Institute of Technology, 2001 83 leaves Thesis ; no. ST-01-31 A thesis submitted in partial fulfilment of the requirements for the degree of Master of Engineering, School of Civil Engineering Thesis (M.Eng.) - Asian Institute of Technology, 2001 Construction-related project appraisal methods are under rigorous scrutiny after the 1997 Asian financial crisis. Conventional Discounted-cash-flow (DCF) methodology (either NPV or IRR) was perceived as the correct capital budgeting tool before the financial crisis. But the particular version of DCF that has been accepted as the standard - using the weighted-average cost of capital (WACC) - is now obsolete. Today's better alternative, adjusted present value (APV), is especially versatile, reliable and transparent. APV's power lies in the managerially relevant information it provides (all financing side-effects). It can analyze not only how much a project is worth but also where the value comes from. In light of its superiority, it is possible to develop a new project appraisal method that incorporates financial, political and market risks - APV-at-Risk - by synthesizing APV and dual risk-return methods. It is shown in this research that APV-at-Risk is the method of choice among others, and can provide more prudent and transparent project appraisal decisions. Industrial project management Risk assessment Manavazhi, M.R., Chairperson Ogunlana, Stephen O., Examination Committee Pennung Warnitchai, Examination Committee Asian Institute of Technology (Partial), Scholarship Donor Asian Institute of Technology. Thesis ; no. ST-01-31 Full-Text http://203.159.5.9/ait-thesis/detail.php?q=B09608 .b11830281 mnait u 240405 0 010720 m a u 0 mnait mnarc 22 40 Barcode : 30050120746069 CREATED : 2014-02-05 RECORD # : i12796748 LPATRON : 0 LCHKIN : - # RENEWALS : 0 # OVERDUE : 0 IUSE3 : 1 TOT CHKOUT : 0 TOT RENEW : 0 Barcode : 30050160066816 CREATED : 2016-04-20 RECORD # : i12941554 LPATRON : 0 LCHKIN : - # RENEWALS : 0 # OVERDUE : 0 IUSE3 : 0 TOT CHKOUT : 0 TOT RENEW : 0 1718 1718 0 0 0 0 MAIN MAIN mnait 2026-08-17 50.00 0 AIT Thesis no.ST-01-31 30050120746069 2026-08-17 16:15:43 3 2026-08-17 22 0 0 0 0 MAIN MAIN mnarc 2026-08-17 0 AIT Thesis no.ST-01-31 30050160066816 2026-08-17 16:15:43 1 2026-08-17 40