Real Options and System Dynamics Aproach To Model Value of Implementing a Project Specific Dispute Resolution Process in Construction Projects Carol C. Menassa, Feniosky Peña Mora. 2009 Winter Simulation Conference (WSC’09), December 13-16, Austin, TX, USA

This paper presents a methodology to study the effect of different resolution strategies on the value of the investment in a project-specific dispute resolution ladder (DRL) using option/real option theories from financial engineering, process centric modeling, and system dynamics methodology.
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