Analysis of Quantitative Methods of Risk Assessment and Selection of Optimal Method Using Venture Investment in Innovative Projects in Construction
Dec 13, 2016
About this article
Published Online: Dec 13, 2016
Page range: 153 - 167
DOI: https://doi.org/10.1515/bjreecm-2016-0012
Keywords
© 2016
This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 License.
One of the main factors that constrains using of venture investment in innovative projects in the field of construction is high risk of this type of investment. Thus, the problem of risk assessment is relevant in the venture investment of innovative projects. First of all, it should be noted that the risks in the construction industry have considerable specificity and heterogeneity. Real options approach is an important tool with venture investment at all stages. It can be widely used in innovative projects in construction for accurate risk assessment.