| Study on Application of Value - at - Risk to the Risk Evaluation of Construction Project Bidding |
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| 作者姓名： | ZHANG Ying - bao |
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| 作者单位： | Department of Civil Engineering, Shaoxing University, Shaoxing 312000, Zhejiang, P. R. China |
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| 摘 要： | The value-at-risk(VaR) model is a statistical model to estimate and control financial risk,and used to measure the most probable loss on the next deal stage of financial asset portfolio.Based on the principle of the value-at-risk,in this paper the value-at-risk is to be applied to the risk evaluation of construction project.Assuming the sub-project prices abide by the BQ model are random variable which conform to normal distribution,this paper has built up the portfolio of project according to biding and quoted price of construction project,and adopted the variance-covariance method to measure the value-at-risk of the biding and quoted price in order to provide a feasible risk analysis tool for the evaluation of construction project bidding.
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| 关 键 词： | value-at-risk biding and quoted price of construction project portfolio of project variance-covariance method risk evaluation |
| 收稿时间： | 2005/12/20 0:00:00 |
| 修稿时间： | 2005/12/20 0:00:00 |
Study on Application of Value - at - Risk to the Risk Evaluation of Construction Project Bidding |
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| ZHANG Ying - bao.Study on Application of Value - at - Risk to the Risk Evaluation of Construction Project Bidding[J].Storage & Process,2006(4):114-117. |
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| Authors: | ZHANG Ying - bao |
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| Institution: | Department of Civil Engineering, Shaoxing University, Shaoxing 312000, Zhejiang, P. R. China |
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| Abstract: | The value-at-risk(VaR) model is a statistical model to estimate and control financial risk,and used to measure the most probable loss on the next deal stage of financial asset portfolio.Based on the principle of the value-at-risk,in this paper the value-at-risk is to be applied to the risk evaluation of construction project.Assuming the sub-project prices abide by the BQ model are random variable which conform to normal distribution,this paper has built up the portfolio of project according to biding and quoted price of construction project,and adopted the variance-covariance method to measure the value-at-risk of the biding and quoted price in order to provide a feasible risk analysis tool for the evaluation of construction project bidding. |
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| Keywords: | value-at-risk biding and quoted price of construction project portfolio of project variance-covariance method risk evaluation |
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