{"id":"https://openalex.org/W2004587217","doi":"https://doi.org/10.1061/(asce)cp.1943-5487.0000044","title":"Hybrid Model Incorporating Real Options with Process Centric and System Dynamics Modeling to Assess Value of Investments in Alternative Dispute Resolution Techniques","display_name":"Hybrid Model Incorporating Real Options with Process Centric and System Dynamics Modeling to Assess Value of Investments in Alternative Dispute Resolution Techniques","publication_year":2010,"publication_date":"2010-08-13","ids":{"openalex":"https://openalex.org/W2004587217","doi":"https://doi.org/10.1061/(asce)cp.1943-5487.0000044","mag":"2004587217"},"language":"en","primary_location":{"id":"doi:10.1061/(asce)cp.1943-5487.0000044","is_oa":false,"landing_page_url":"https://doi.org/10.1061/(asce)cp.1943-5487.0000044","pdf_url":null,"source":{"id":"https://openalex.org/S176637136","display_name":"Journal of Computing in Civil Engineering","issn_l":"0887-3801","issn":["0887-3801","1943-5487"],"is_oa":false,"is_in_doaj":false,"is_core":true,"host_organization":"https://openalex.org/P4310315747","host_organization_name":"American Society of Civil Engineers","host_organization_lineage":["https://openalex.org/P4310315747"],"host_organization_lineage_names":["American Society of Civil Engineers"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Journal of Computing in Civil Engineering","raw_type":"journal-article"},"type":"article","indexed_in":["crossref"],"open_access":{"is_oa":false,"oa_status":"closed","oa_url":null,"any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5079898538","display_name":"Carol C. Menassa","orcid":"https://orcid.org/0000-0002-2453-0386"},"institutions":[{"id":"https://openalex.org/I135310074","display_name":"University of Wisconsin\u2013Madison","ror":"https://ror.org/01y2jtd41","country_code":"US","type":"education","lineage":["https://openalex.org/I135310074"]},{"id":"https://openalex.org/I78577930","display_name":"Columbia University","ror":"https://ror.org/00hj8s172","country_code":"US","type":"education","lineage":["https://openalex.org/I78577930"]}],"countries":["US"],"is_corresponding":true,"raw_author_name":"Carol Menassa","raw_affiliation_strings":["Dean, The Fu Foundation School of Engineering and Applied Science, Columbia Univ., New York, NY 10027","M. A. Mortenson Company; and Assistant Professor, Construction Engineering and Management, Dept. of Civil and Environmental Engineering, Univ. of Wisconsin\u2013Madison, Madison, WI 53706 (corresponding author)"],"affiliations":[{"raw_affiliation_string":"Dean, The Fu Foundation School of Engineering and Applied Science, Columbia Univ., New York, NY 10027","institution_ids":["https://openalex.org/I78577930"]},{"raw_affiliation_string":"M. A. Mortenson Company; and Assistant Professor, Construction Engineering and Management, Dept. of Civil and Environmental Engineering, Univ. of Wisconsin\u2013Madison, Madison, WI 53706 (corresponding author)","institution_ids":["https://openalex.org/I135310074"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5051980856","display_name":"Feniosky Pe\u00f1a Mora","orcid":null},"institutions":[{"id":"https://openalex.org/I135310074","display_name":"University of Wisconsin\u2013Madison","ror":"https://ror.org/01y2jtd41","country_code":"US","type":"education","lineage":["https://openalex.org/I135310074"]},{"id":"https://openalex.org/I78577930","display_name":"Columbia University","ror":"https://ror.org/00hj8s172","country_code":"US","type":"education","lineage":["https://openalex.org/I78577930"]}],"countries":["US"],"is_corresponding":false,"raw_author_name":"Feniosky Pe\u00f1a Mora","raw_affiliation_strings":["Dean, The Fu Foundation School of Engineering and Applied Science, Columbia Univ., New York, NY 10027","M. A. Mortenson Company; and Assistant Professor, Construction Engineering and Management, Dept. of Civil and Environmental Engineering, Univ. of Wisconsin\u2013Madison, Madison, WI 53706 (corresponding author)"],"affiliations":[{"raw_affiliation_string":"Dean, The Fu Foundation School of Engineering and Applied Science, Columbia Univ., New York, NY 10027","institution_ids":["https://openalex.org/I78577930"]},{"raw_affiliation_string":"M. A. Mortenson Company; and Assistant Professor, Construction Engineering and Management, Dept. of Civil and Environmental Engineering, Univ. of Wisconsin\u2013Madison, Madison, WI 53706 (corresponding author)","institution_ids":["https://openalex.org/I135310074"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":2,"corresponding_author_ids":["https://openalex.org/A5079898538"],"corresponding_institution_ids":["https://openalex.org/I135310074","https://openalex.org/I78577930"],"apc_list":null,"apc_paid":null,"fwci":1.1113,"has_fulltext":false,"cited_by_count":15,"citation_normalized_percentile":{"value":0.82318143,"is_in_top_1_percent":false,"is_in_top_10_percent":false},"cited_by_percentile_year":{"min":89,"max":96},"biblio":{"volume":"24","issue":"5","first_page":"414","last_page":"429"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T11976","display_name":"Capital Investment and Risk Analysis","score":0.9997000098228455,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T11976","display_name":"Capital Investment and Risk Analysis","score":0.9997000098228455,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T12675","display_name":"Financial Reporting and Valuation Research","score":0.9765999913215637,"subfield":{"id":"https://openalex.org/subfields/1408","display_name":"Strategy and Management"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10395","display_name":"Construction Project Management and Performance","score":0.9174000024795532,"subfield":{"id":"https://openalex.org/subfields/1803","display_name":"Management Science and Operations Research"},"field":{"id":"https://openalex.org/fields/18","display_name":"Decision Sciences"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/process","display_name":"Process (computing)","score":0.6660172939300537},{"id":"https://openalex.org/keywords/dispute-resolution","display_name":"Dispute resolution","score":0.4783439338207245},{"id":"https://openalex.org/keywords/system-dynamics","display_name":"System dynamics","score":0.47449609637260437},{"id":"https://openalex.org/keywords/systems-engineering","display_name":"Systems engineering","score":0.46887660026550293},{"id":"https://openalex.org/keywords/computer-science","display_name":"Computer science","score":0.4486638307571411},{"id":"https://openalex.org/keywords/integrated-project-delivery","display_name":"Integrated project delivery","score":0.4450925588607788},{"id":"https://openalex.org/keywords/project-management","display_name":"Project management","score":0.419241338968277},{"id":"https://openalex.org/keywords/engineering","display_name":"Engineering","score":0.4177597165107727},{"id":"https://openalex.org/keywords/value","display_name":"Value (mathematics)","score":0.4122946858406067},{"id":"https://openalex.org/keywords/management-science","display_name":"Management science","score":0.40066027641296387},{"id":"https://openalex.org/keywords/operations-research","display_name":"Operations research","score":0.3697648048400879},{"id":"https://openalex.org/keywords/risk-analysis","display_name":"Risk analysis (engineering)","score":0.3562380075454712},{"id":"https://openalex.org/keywords/process-management","display_name":"Process management","score":0.34578239917755127},{"id":"https://openalex.org/keywords/engineering-management","display_name":"Engineering management","score":0.33137959241867065},{"id":"https://openalex.org/keywords/artificial-intelligence","display_name":"Artificial intelligence","score":0.09221827983856201},{"id":"https://openalex.org/keywords/business","display_name":"Business","score":0.08888420462608337}],"concepts":[{"id":"https://openalex.org/C98045186","wikidata":"https://www.wikidata.org/wiki/Q205663","display_name":"Process (computing)","level":2,"score":0.6660172939300537},{"id":"https://openalex.org/C131676636","wikidata":"https://www.wikidata.org/wiki/Q5282696","display_name":"Dispute resolution","level":2,"score":0.4783439338207245},{"id":"https://openalex.org/C77405623","wikidata":"https://www.wikidata.org/wiki/Q598451","display_name":"System dynamics","level":2,"score":0.47449609637260437},{"id":"https://openalex.org/C201995342","wikidata":"https://www.wikidata.org/wiki/Q682496","display_name":"Systems engineering","level":1,"score":0.46887660026550293},{"id":"https://openalex.org/C41008148","wikidata":"https://www.wikidata.org/wiki/Q21198","display_name":"Computer science","level":0,"score":0.4486638307571411},{"id":"https://openalex.org/C153517457","wikidata":"https://www.wikidata.org/wiki/Q4041443","display_name":"Integrated project delivery","level":3,"score":0.4450925588607788},{"id":"https://openalex.org/C15952604","wikidata":"https://www.wikidata.org/wiki/Q179012","display_name":"Project management","level":2,"score":0.419241338968277},{"id":"https://openalex.org/C127413603","wikidata":"https://www.wikidata.org/wiki/Q11023","display_name":"Engineering","level":0,"score":0.4177597165107727},{"id":"https://openalex.org/C2776291640","wikidata":"https://www.wikidata.org/wiki/Q2912517","display_name":"Value (mathematics)","level":2,"score":0.4122946858406067},{"id":"https://openalex.org/C539667460","wikidata":"https://www.wikidata.org/wiki/Q2414942","display_name":"Management science","level":1,"score":0.40066027641296387},{"id":"https://openalex.org/C42475967","wikidata":"https://www.wikidata.org/wiki/Q194292","display_name":"Operations research","level":1,"score":0.3697648048400879},{"id":"https://openalex.org/C112930515","wikidata":"https://www.wikidata.org/wiki/Q4389547","display_name":"Risk analysis (engineering)","level":1,"score":0.3562380075454712},{"id":"https://openalex.org/C195094911","wikidata":"https://www.wikidata.org/wiki/Q14167904","display_name":"Process management","level":1,"score":0.34578239917755127},{"id":"https://openalex.org/C110354214","wikidata":"https://www.wikidata.org/wiki/Q6314146","display_name":"Engineering management","level":1,"score":0.33137959241867065},{"id":"https://openalex.org/C154945302","wikidata":"https://www.wikidata.org/wiki/Q11660","display_name":"Artificial intelligence","level":1,"score":0.09221827983856201},{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.08888420462608337},{"id":"https://openalex.org/C111919701","wikidata":"https://www.wikidata.org/wiki/Q9135","display_name":"Operating system","level":1,"score":0.0},{"id":"https://openalex.org/C144024400","wikidata":"https://www.wikidata.org/wiki/Q21201","display_name":"Sociology","level":0,"score":0.0},{"id":"https://openalex.org/C119857082","wikidata":"https://www.wikidata.org/wiki/Q2539","display_name":"Machine learning","level":1,"score":0.0},{"id":"https://openalex.org/C36289849","wikidata":"https://www.wikidata.org/wiki/Q34749","display_name":"Social science","level":1,"score":0.0}],"mesh":[],"locations_count":1,"locations":[{"id":"doi:10.1061/(asce)cp.1943-5487.0000044","is_oa":false,"landing_page_url":"https://doi.org/10.1061/(asce)cp.1943-5487.0000044","pdf_url":null,"source":{"id":"https://openalex.org/S176637136","display_name":"Journal of Computing in Civil Engineering","issn_l":"0887-3801","issn":["0887-3801","1943-5487"],"is_oa":false,"is_in_doaj":false,"is_core":true,"host_organization":"https://openalex.org/P4310315747","host_organization_name":"American Society of Civil Engineers","host_organization_lineage":["https://openalex.org/P4310315747"],"host_organization_lineage_names":["American Society of Civil Engineers"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Journal of Computing in Civil Engineering","raw_type":"journal-article"}],"best_oa_location":null,"sustainable_development_goals":[],"awards":[],"funders":[{"id":"https://openalex.org/F4320306076","display_name":"National Science Foundation","ror":"https://ror.org/021nxhr62"},{"id":"https://openalex.org/F4320308025","display_name":"California Department of Transportation","ror":"https://ror.org/04d46jp54"},{"id":"https://openalex.org/F4320332222","display_name":"University of Illinois at Urbana-Champaign","ror":"https://ror.org/047426m28"}],"has_content":{"grobid_xml":false,"pdf":false},"content_urls":null,"referenced_works_count":30,"referenced_works":["https://openalex.org/W267281048","https://openalex.org/W563141665","https://openalex.org/W597091629","https://openalex.org/W1548953477","https://openalex.org/W1556722525","https://openalex.org/W1559279585","https://openalex.org/W1559694472","https://openalex.org/W1964632428","https://openalex.org/W1968805470","https://openalex.org/W1971394868","https://openalex.org/W1980141412","https://openalex.org/W1986283148","https://openalex.org/W2022584563","https://openalex.org/W2039025326","https://openalex.org/W2039568194","https://openalex.org/W2046485078","https://openalex.org/W2068928693","https://openalex.org/W2077791698","https://openalex.org/W2108543465","https://openalex.org/W2136667539","https://openalex.org/W2143809694","https://openalex.org/W2146612430","https://openalex.org/W2150394850","https://openalex.org/W2151285744","https://openalex.org/W2156224628","https://openalex.org/W2162807273","https://openalex.org/W2167989376","https://openalex.org/W2593863766","https://openalex.org/W2616418688","https://openalex.org/W2988934653"],"related_works":["https://openalex.org/W2124389161","https://openalex.org/W162463574","https://openalex.org/W2154418368","https://openalex.org/W2393430902","https://openalex.org/W149465106","https://openalex.org/W2330926838","https://openalex.org/W2357467418","https://openalex.org/W2749642119","https://openalex.org/W2735189066","https://openalex.org/W2061544835"],"abstract_inverted_index":{"Project-specific":[0],"dispute":[1,28],"resolution":[2,29,109],"ladders":[3],"(DRLs)":[4],"are":[5,70,218],"typically":[6,21],"implemented":[7],"in":[8,74,84,117,137,159,198,226,243,266,292],"construction":[9,34,66,86,162,201,254,298],"projects":[10],"to":[11,32,52,72,95,103,151,190,220,251,274],"resolve":[12],"issues":[13,35],"arising":[14],"between":[15],"the":[16,37,54,60,75,78,81,93,105,112,115,141,153,156,168,172,176,182,192,195,206,213,216,222,232,248,261,264,268,275,288,290,293,297,302,305,308,311],"project":[17,61,87,163,173,255,258,269,312],"participants.":[18],"The":[19,203],"DRL":[20,48,82,119,157,183],"consists":[22],"of":[23,40,80,107,114,143,155,170,194,205,215,228,231,263,278,287,304,310],"single":[24],"or":[25],"multiple":[26],"alternative":[27],"(ADR)":[30],"techniques":[31,179],"address":[33],"at":[36,284],"three":[38,233],"levels":[39],"escalation:":[41],"conflicts;":[42],"disputes;":[43],"and":[44,68,130,174,240,280,300],"claims.":[45],"However,":[46],"a":[47,85,101,118,148,160,199,252],"requires":[49],"significant":[50],"investments":[51],"cover":[53],"direct":[55],"costs":[56,91],"incurred":[57],"in-house":[58],"by":[59,164],"participants":[62,270],"or,":[63],"externally,":[64],"if":[65],"specialists":[67],"lawyers":[69],"recruited":[71],"assist":[73],"resolution.":[76],"Thus,":[77],"benefits":[79],"implementation":[83,94],"must":[88],"outweigh":[89],"its":[90],"for":[92,181],"be":[96],"worthwhile.":[97],"This":[98],"paper":[99,139],"presents":[100],"methodology":[102],"study":[104],"effect":[106],"different":[108,177],"strategies":[110],"on":[111],"value":[113,303],"investment":[116,158,306],"using":[120,256],"option/real":[121],"option":[122],"theories":[123],"from":[124,307],"financial":[125],"engineering,":[126],"process":[127,238],"centric":[128],"modeling,":[129],"system":[131,241],"dynamics":[132],"methodology.":[133],"Of":[134],"particular":[135,161],"interest":[136],"this":[138],"is":[140,188],"integration":[142,230],"these":[144],"research":[145],"methodologies":[146,234],"into":[147,166],"computer":[149,196,245],"model":[150,197,224,249,265],"support":[152],"evaluation":[154],"taking":[165],"account":[167],"characteristics":[169],"(1)":[171],"(2)":[175],"ADR":[178],"chosen":[180],"implementation.":[184],"Finally,":[185],"an":[186],"example":[187],"presented":[189],"illustrate":[191],"application":[193,250],"real":[200,236,253],"project.":[202],"results":[204,214],"simulation":[207,217],"serve":[208],"two":[209],"main":[210],"purposes.":[211],"First,":[212],"used":[219],"verify":[221],"intended":[223],"behavior":[225],"terms":[227],"proper":[229],"(i.e.,":[235],"options,":[237],"centric,":[239],"dynamics)":[242],"one":[244],"system.":[246],"Second,":[247],"actual":[257],"data":[259],"illustrates":[260],"potential":[262],"providing":[267],"with":[271],"information":[272],"related":[273],"expected":[276,294],"number":[277],"claims":[279],"change":[281,291],"orders":[282],"resolved":[283],"each":[285],"level":[286],"DRL,":[289],"savings":[295],"during":[296],"phase,":[299],"finally":[301],"perspective":[309],"owner.":[313]},"counts_by_year":[{"year":2025,"cited_by_count":2},{"year":2023,"cited_by_count":2},{"year":2021,"cited_by_count":1},{"year":2019,"cited_by_count":2},{"year":2018,"cited_by_count":2},{"year":2016,"cited_by_count":1},{"year":2014,"cited_by_count":2},{"year":2013,"cited_by_count":2}],"updated_date":"2025-11-06T03:46:38.306776","created_date":"2025-10-10T00:00:00"}
