Title :
Notice of Retraction
Integrating probability analysis into economic evaluation of highway project: A methodology and case study
Author :
Jun-song, Chen ; Chen, Zhao ; Di, Shi
Author_Institution :
College of Civil Engineering Nanjing Forestry University Nanjing, China
Abstract :
Notice of Retraction
After careful and considered review of the content of this paper by a duly constituted expert committee, this paper has been found to be in violation of IEEE´s Publication Principles.
We hereby retract the content of this paper. Reasonable effort should be made to remove all past references to this paper.
The presenting author of this paper has the option to appeal this decision by contacting TPII@ieee.org.
By distinguishing the uncertainty of base earnings ratio and traffic flow, the paper establishes an economic evaluation model for highway projects, which is based on the probability analysis and the Monte Carlo random sampling technology. The application of this model was specified using a preliminary assessment of a highway project case. The results of the case study show that the pre-tax and the after-tax profit objectives of highway projects differ greatly, and it is a great probability event for the after-tax profitability to exceed its target value.
Keywords :
Benchmark testing; Economics; Indexes; Investments; Road transportation; Stochastic processes; Uncertainty; Highway project; Monte Carlo simulation; economic evaluation; probability analysis;
Conference_Titel :
E -Business and E -Government (ICEE), 2011 International Conference on
Conference_Location :
Shanghai, China
Print_ISBN :
978-1-4244-8691-5
DOI :
10.1109/ICEBEG.2011.5887112
