Research Article
Mar 1977
Portfolio Theory: Applications in Construction
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VIEW THE REPLYPublication: Journal of the Construction Division
Volume 103, Issue 1
Abstract
Portfolio theory and bid strategy models are used to select construction projects and determine bid prices. Probabilistic estimates of cost of existing projects are used to generate the characteristics of the existing portfolio of projects of a construction firm. Adding new projects generates new portfolios. The desirable new portfolio is selected and the bid price for the new project is determined. This is done considering the incremental effect of the new project on the portfolio of the firm. The correlation between project costs is considered in the determination of the portfolios.
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Information
Published In
Journal of the Construction Division
Volume 103 • Issue 1 • March 1977
Pages: 23 - 38
Copyright
© 1977 American Society of Civil Engineers.
History
Published in print: Mar 1977
Published online: Feb 11, 2021
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Authors
Affiliations
Antonio J. Vergara
Visiting Asst. Prof.; Univ. of Illinois at Urbana-Champaign, Urbana, Ill
LeRoy T. Boyer, M.ASCE
Assoc. Prof. of Civ. Engrg.; Univ. of Illinois at Urbana-Champaign, Urbana, Ill
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ASCE Library Cards let you download journal articles, proceedings papers, and available book chapters across the entire ASCE Library platform. ASCE Library Cards remain active for 24 months or until all downloads are used. Note: This content will be debited as one download at time of checkout.
Terms of Use: ASCE Library Cards are for individual, personal use only. Reselling, republishing, or forwarding the materials to libraries or reading rooms is prohibited.
Terms of Use: ASCE Library Cards are for individual, personal use only. Reselling, republishing, or forwarding the materials to libraries or reading rooms is prohibited.