...). Additionally, this study proposes the financial captured value (FCV) theory for measuring how much financial value lenders may capture by becoming sponsors through financing of sustainable infrastructure systems (SIS). Design/methodology/approach The investment valuation model was validated through...

... costs Genetic algorithms Dynamic Markov chain Markov decision process Infrastructure systems 1. The MDP has memory‐less or Markovian feature where transient probabilities are insensitive to timely variations of infrastructure condition transition trends (Yang et al., 2005). Thus...