Macroeconomic risk factor in fuzzy present value of highway development

Siti Salihah Shaffie, Saiful Hafizah Jaaman @ Sharman, Daud Mohamad

Research output: Contribution to journalArticle

Abstract

Highway developments are the backbone for the society and economic growth. It is part of the capital investment in infrastructure developments that require high spending, long term commitment and prognosticated with numbers of risks. This is because the investment is associated with uncertainty and vagueness due to long term duration of construction and operation of the project. Hence, the valuation of the investment requires accommodated model to present more accurate estimation of the project. This study proposed to evaluate fuzzy present value of a highway project with anticipated risk assessment in its valuation using fuzzy present value. The risk assessment is part of the estimation of fuzzy cash flow to represent better present value of the project. The results show an estimated value comprise with risk assessment of macroeconomic factor to portray better estimation that can assist decision maker to make decision towards the project.

Original languageEnglish
Pages (from-to)71-73
Number of pages3
JournalInternational Journal of Engineering and Technology(UAE)
Volume7
Issue number4
DOIs
Publication statusPublished - 1 Jan 2018

Fingerprint

Risk assessment
Economics
Economic Development
Uncertainty

Keywords

  • Fuzzy cash flow
  • Fuzzy number
  • Fuzzy present value
  • Risk assessment

ASJC Scopus subject areas

  • Biotechnology
  • Computer Science (miscellaneous)
  • Environmental Engineering
  • Chemical Engineering(all)
  • Engineering(all)
  • Hardware and Architecture

Cite this

Macroeconomic risk factor in fuzzy present value of highway development. / Shaffie, Siti Salihah; Jaaman @ Sharman, Saiful Hafizah; Mohamad, Daud.

In: International Journal of Engineering and Technology(UAE), Vol. 7, No. 4, 01.01.2018, p. 71-73.

Research output: Contribution to journalArticle

@article{e428b37fd35a4c51b251adeccd657199,
title = "Macroeconomic risk factor in fuzzy present value of highway development",
abstract = "Highway developments are the backbone for the society and economic growth. It is part of the capital investment in infrastructure developments that require high spending, long term commitment and prognosticated with numbers of risks. This is because the investment is associated with uncertainty and vagueness due to long term duration of construction and operation of the project. Hence, the valuation of the investment requires accommodated model to present more accurate estimation of the project. This study proposed to evaluate fuzzy present value of a highway project with anticipated risk assessment in its valuation using fuzzy present value. The risk assessment is part of the estimation of fuzzy cash flow to represent better present value of the project. The results show an estimated value comprise with risk assessment of macroeconomic factor to portray better estimation that can assist decision maker to make decision towards the project.",
keywords = "Fuzzy cash flow, Fuzzy number, Fuzzy present value, Risk assessment",
author = "Shaffie, {Siti Salihah} and {Jaaman @ Sharman}, {Saiful Hafizah} and Daud Mohamad",
year = "2018",
month = "1",
day = "1",
doi = "10.14419/ijet.v7i4.33.23487",
language = "English",
volume = "7",
pages = "71--73",
journal = "International Journal of Engineering and Technology(UAE)",
issn = "2227-524X",
publisher = "Science Publishing Corporation Inc",
number = "4",

}

TY - JOUR

T1 - Macroeconomic risk factor in fuzzy present value of highway development

AU - Shaffie, Siti Salihah

AU - Jaaman @ Sharman, Saiful Hafizah

AU - Mohamad, Daud

PY - 2018/1/1

Y1 - 2018/1/1

N2 - Highway developments are the backbone for the society and economic growth. It is part of the capital investment in infrastructure developments that require high spending, long term commitment and prognosticated with numbers of risks. This is because the investment is associated with uncertainty and vagueness due to long term duration of construction and operation of the project. Hence, the valuation of the investment requires accommodated model to present more accurate estimation of the project. This study proposed to evaluate fuzzy present value of a highway project with anticipated risk assessment in its valuation using fuzzy present value. The risk assessment is part of the estimation of fuzzy cash flow to represent better present value of the project. The results show an estimated value comprise with risk assessment of macroeconomic factor to portray better estimation that can assist decision maker to make decision towards the project.

AB - Highway developments are the backbone for the society and economic growth. It is part of the capital investment in infrastructure developments that require high spending, long term commitment and prognosticated with numbers of risks. This is because the investment is associated with uncertainty and vagueness due to long term duration of construction and operation of the project. Hence, the valuation of the investment requires accommodated model to present more accurate estimation of the project. This study proposed to evaluate fuzzy present value of a highway project with anticipated risk assessment in its valuation using fuzzy present value. The risk assessment is part of the estimation of fuzzy cash flow to represent better present value of the project. The results show an estimated value comprise with risk assessment of macroeconomic factor to portray better estimation that can assist decision maker to make decision towards the project.

KW - Fuzzy cash flow

KW - Fuzzy number

KW - Fuzzy present value

KW - Risk assessment

UR - http://www.scopus.com/inward/record.url?scp=85059234163&partnerID=8YFLogxK

UR - http://www.scopus.com/inward/citedby.url?scp=85059234163&partnerID=8YFLogxK

U2 - 10.14419/ijet.v7i4.33.23487

DO - 10.14419/ijet.v7i4.33.23487

M3 - Article

VL - 7

SP - 71

EP - 73

JO - International Journal of Engineering and Technology(UAE)

JF - International Journal of Engineering and Technology(UAE)

SN - 2227-524X

IS - 4

ER -