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MULTI-METHOD MODEL FOR INFRASTRUCTURE PORTFOLIO MANAGEMENT |
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| รหัสดีโอไอ | |
| Title | MULTI-METHOD MODEL FOR INFRASTRUCTURE PORTFOLIO MANAGEMENT |
| Creator | Gregory J. Fitch, Ibrahim Odeh, Frederick Kautz |
| Contributor | Mohamed Asem Abdul-Malak, Hiam Khoury, Amarjit Singh, Siamak Yazdani |
| Publisher | ISEC PRESS |
| Publication Year | 2561 |
| Keyword | Sustainability, System dynamics, Finance, Economics, Best management practices, Strategic and operational planning |
| Abstract | Management practices have a direct impact on the cost of capital used for financing the operations and maintenance of existing infrastructure on a concurrent basis with planning and constructing new projects. This paper identifies best management practices that can improve credit rating, which in-turn theoretically lowers the interest paid on debt. As a result, these best management practices lower the weighted average cost of capital used to maintain existing assets on a concurrent basis with the construction of new infrastructure. As a practical example, this paper identifies the best management practices from the perspective of municipal credit rating agencies in the United States. The current research then constructs a deterministic integer programming model based on these best management practices. The deterministic model is part of multi-method model that will be mathematically embedded into a system dynamics model that can then be used as a facilities management plan. The facilities management plan aims at lowering the weighted average cost of capital for maintaining existing assets while planning and constructing new infrastructure. While the multi-method model is based on municipal credit rating in the U.S., the research goal is to nevertheless show how a system dynamics model is used to implement best management practices that are generally accepted as economically sustainable worldwide. |
| ISBN | 978-0-9960437-5-5 |
| Language | English |
| URL Website | https://www.isec-society.org/ |
| Website title | ISEC Society |
