| Title | A Quantitative Method for Analyzing the Allocation of Risks in Transportation Construction |
|---|---|
| Record ID | 49102 |
| Personal Name Creator |
Levitt, R. E.; Ashley, D. B.; Logcher, R. D.; Dziekan, M. W. |
| Source | 156p. in various pagings |
| Corporate Creator | Massachusetts Institute of Technology |
| Corporate Contributor |
John A. Volpe National Transportation Systems Center (U.S.); United States. Urban Mass Transportation Administration |
| Publisher | United States. Urban Mass Transportation Administration |
| Publication Date | 19790401 |
| Language | English |
| Abstract | The report presents a conceptual model of risk that was developed to analyze the impact on owner's cost of alternate allocations of risk among owner and contractor in mass transit construction. A model and analysis procedure are developed, based on decision analysis but extending the standard methodology to include: (1) explicit consideration of risk as an incentive to perform, and (2) the interaction between two decision-makers (owner and contractor) trading risk for price. |
| Rosap ID | dot:10580 |
| Rosap URL | https://rosap.ntl.bts.gov/view/dot/10580 |
| TRT Terms | Construction; Construction projects; Public transit; Rapid transit; Costs; Cost allocation; Decision theory; Probability theory; Risk analysis; Liability; Insurance; Risk assessment; Hazards; Contractors |
| Classification | NTL - PUBLIC TRANSPORTATION - Transit Planning and Policy; NTL - PUBLIC TRANSPORTATION - Transit Economics and Finances; NTL - PUBLIC TRANSPORTATION - PUBLIC TRANSPORTATION |
| Geographical Coverage |
United States |
| Report Number | DOT-TSC-UMTA-79-14; UMTA-MA-06-0100-79-1 |
| Resource type | Tech Report |
| URL | https://ntlrepository.blob.core.windows.net/lib/49000/49100/49102/DOT-TSC-UMTA-79-14.pdf |
| Format | |
| Database | NTL Digital Repository |