In all large engineering projects, valuation constitutes an important step during the initial stage as each stakeholder assesses the prospect of his or her investment. The complexity of valuation increases dramatically in the face of uncertainty especially when the risks are dynamic and...

A building maintainability (BM) approach is the only plausible solution to balance a decreasing budget and increasing standards of modern commercial buildings. There is no decision-analysis framework for BM management while many objective and subjective parameters add to its complexity and...

Many architecture, engineering and construction (AEC) professionals would like to use real option (RO) and decision analysis (DA) to evaluate alternatives in investment in the face of uncertainty. However, they have difficulty deciding which one to use and many are not aware of the subtle...