A decision making model for infrastructure projects selection in developing countries

Abstract

This paper deals with the process followed to select investment projects within the construction industry with emphasis on the characteristics of infrastructure projects in developing countries. It presents an overview of the current practices in the main areas concerned with the process, namely project evaluation and decision‐making. The research carried out shows a process with a narrow scope and a lack of integration between the different techniques. The methodology described in this paper is developed to overcome such diffi culties and reduce some of the uncertainty that surrounds the selection of engineering projects. The proposed methodology has been tested and validated and results of the testing have been discussed and conclusions are drawn.

Citation

Mawdesley, M., Hernandez, O. and Al‐Jibouri, S. (2005), "A decision making model for infrastructure projects selection in developing countries", Journal of Financial Management of Property and Construction, Vol. 10 No. 3, pp. 135-146. https://doi.org/10.1108/13664380580001071