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The Journal of Structured Finance

The Journal of Structured Finance

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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.
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  • For correspondence: idamnjanovic@tamu.edu
Scott T. Johnson
is the founder and president at SysDynX consulting in Grand Forks, ND.
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  • For correspondence: scott@sysdynx.com
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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  • For correspondence: davidford@tamu.edu
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The Journal of Structured Finance: 21 (4)
The Journal of Structured Finance
Vol. 21, Issue 4
Winter 2016
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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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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
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