Contingent valuation is the most flexible and controversial non-market valuation technique. One of the unresolved issues concerns the question of whether respondents are reminded of the economic constraints within which they should express their preferences. A study design which is appropriate for reminding economic constraints can be found in the use of joint evaluation (JE), i.e. evaluating s...

Enterprise executives frequently face the challenge of making decisions under conditions of significant uncertainty when dealing with IT investments, IT project management and realization of intangible organizational benefits enabled by IT. A suitable methodology for accurately estimating the current financial standing of each project in a portfolio of IT projects over the full project lifecycl...

In project research, value has been conceptualized either as something subjective in peoples’ minds or an objective reality. However, practice, actors encounter, express, and negotiate both subjectively (e.g., ideals beliefs) objectively the price) depending on evolving circumstances of real-life situations. To capture phenomenon from actors’ perspective, we adopt a projects-as-practice approac...

1. What follows is a drastically stripped down version of a paper completed several years ago. The original intention was to present a careful treatment of the developments centering around the maximally concept in classical valuation theory, using modern ideas and the natural setting of an additive group, and to apply the resulting theory to systematize and simplify some recent investigations ...

Abstract In the last decades, production of fuel ethanol from corn has spread as a valid renewable alternative to pursue sustainability goals. However uncertain nature both input (corn) and output (gasoline) prices, together with price dependent operational decisions, combine make this difficult plant valuation require real options approach. Moreover, project is characterized by various sequent...