In this paper, I focus on a phenomenon that has not received much attention in the literature, namely that the mere expectation of foreign direct investment (FDI) incentivizes long-maturity investment projects by domestic residents, and a Sudden Stop when expectations are frustrated. Long-maturity investment projects enhance productivity but increase the economy’s vulnerability to Sudden Stop. ...

We examine the valuation of projects in a setting where an investor can invest in a portfolio of private projects as well as in securities in financial markets, but where exact replication of project cash flows in financial markets is not necessarily possible. We consider both single-period and multi-period models, and develop an inverse optimization procedure for valuing projects in this setti...

This study examines the capital-constrained payment scheduling problem related to software projects. An optimization model for the payment schedules of software projects is constructed from the joint perspective of the client and the contractor in software outsourcing projects. Then, a heuristic simulated annealing algorithm is designed to solve the model. Finally, a case study is presented to ...

Highway projects involve huge capital investments and prolonged durations. A number of researchers have developed various computer-based tools and techniques to help planners prepare plans and schedules based on their specific needs. CPM is the predominant scheduling method used in construction industry. However, its inability to efficiently plan and schedule repetitive projects such as highway...

Face validation is an informal type of validation, usually applied in the early stages a simulation project or model development process. used to determine reasonableness when advanced methods such as statistical analysis sensitivity are not applicable. In large-scale projects warfare applications, which consist large number and variety models that cannot be evaluated independently contain high...

The location of Kyrgyzstan’s Naryn province within the Tian Shan Mountains of Central Asia makes the country especially sensitive to the effects of global climate change. It is a poor region where over 70 percent of rural residents support themselves through small-scale agriculture and animal herding, activities that depend on ecosystem services including natural grassland productivity and melt...

The environment surrounding organisations is characterised by an increasing necessity of competent personnel that need to be assessed. Moreover, personnel factors are capital for software development projects. Given the importance of people in certain sectors, this paper introduces SemCASS, a tool based on semantic technologies to feed competence evaluation with competence evidences within soft...

Crowdfunding platforms like Kickstarter are expected to “democratize” funding by increasing the availability of capital to traditionally underrepresented groups, but there is conflicting evidence about racial disparities in success rates. This paper contributes to the information systems literature on crowdfunding by examining the racial dynamics in the crowdfunding platform Kickstarter. The ra...