Financial Stress Testing of Toll Road Projects: The Effect of Feedback Loop Dynamics
Ivan D. Damnjanovic, Scott T. Johnson and David N. Ford
The Journal of Structured Finance Winter 2016, 21 (4) 51-64; DOI: https://doi.org/10.3905/jsf.2016.21.4.051
Ivan D. Damnjanovic
is an associate professor and director of the Engineering Project Management program at Texas A&M University in College Station, TX.
Scott T. Johnson
is the founder and president at SysDynX consulting in Grand Forks, ND.
David N. Ford
is a professor in the Zachry Department of Civil Engineering at Texas A&M University in College Station, TX.
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Financial Stress Testing of Toll Road Projects: The Effect of Feedback Loop Dynamics
Ivan D. Damnjanovic, Scott T. Johnson, David N. Ford
The Journal of Structured Finance Jan 2016, 21 (4) 51-64; DOI: 10.3905/jsf.2016.21.4.051
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- Article
- Abstract
- BACKGROUND
- LOAN COVER RATIOS AND STRESS TESTING OF PROJECTS
- FEEDBACK MODEL FOR TRANSPORTATION INFRASTRUCTURE DEVELOPMENT
- CONTINUOUS REFINANCING DSCR FEEDBACK LOOP
- MODEL APPLICATION PROCEDURE
- ILLUSTRATIVE EXAMPLE
- MODEL RESULTS AND INSIGHTS
- SUMMARY, IMPLICATIONS FOR PRACTICE, AND FUTURE WORK
- APPENDIX A
- REFERENCES
- Info & Metrics
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