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Keywords: Two‐phase development plan
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Journal Articles
Built Environment Project and Asset Management (2011) 1 (1): 14–31.
Published: 08 July 2011
...Baabak Ashuri; Jian Lu; Hamed Kashani Purpose This paper aims to present a financial valuation framework based on the real options theory to evaluate investments in toll road projects delivered under the two‐phase development plan. Design/methodology/approach The approach is based on applying...
