Risk analysis in financial management of large scale engineering projects.

by Siu Kam-Shing.Thesis (M.B.A.)--Chinese University of Hong Kong, 1992.Includes bibliographical references (leaves 49-52).ACKNOWLEDGEMENT --- p.iiiABSTRACT --- p.ivTABLE OF CONTENTS --- p.vLIST OF TABLES --- p.viLIST OF GRAPHS --- p.viiINTRODUCTION --- p.1BACKGROUND AND HISTORY --- p.3COMPANY OBJECTIVE AND INVESTMENT EVALUATION --- p.6DISCUSSION ON INVESTMENT EVALUATION --- p.9Importance of Investment Decisions --- p.9Evaluation Methods Adopted by HKCG --- p.11DETERMINATION OF COST OF CAPITAL --- p.13Constant growth discount factor formula --- p.14Capital Asset Pricing Model --- p.19Adjusting Beta for Leverage --- p.22Desired Capital Structure --- p.22Beta in Absence of Leverage --- p.23GENERAL PROJECT DESCRIPTION --- p.26Background --- p.26Market Situation --- p.27Domestic Sector --- p.27Commercial Sector --- p.28Sales Revenues and Expenditures --- p.31Sales Revenues --- p.31Capital Expenditure --- p.32Operating Expenditure --- p.32Financial Evaluation --- p.36PROJECT EVALUATION UNDER UNCERTAINTIES --- p.38Risk Profiles for Uncertainty Factors --- p.40Generating Overall Risk Profile by Simulation --- p.44SUMMARY --- p.46BIBLIOGRAPHY --- p.49APPENDIX1 --- p.53APPENDIX2 --- p.54APPENDIX3 --- p.5