David Espinoza, Ph.D., P.E., the originator of the DNPV method, earned his Ph.D. in Civil Engineering from Purdue University in 1993 and has provided consulting services in geotechnical design and risk modeling for over 25 years.  In the last decade, he has focused on support of acquisitions and transactions for infrastructure investments.  He was Principal Investigator on a 2005 National Science Foundation (NSF) funded research project “Environmental Risk Management and Quantification Using Real Options,” which involved development of an integrated framework using option pricing theory to estimate the value of contaminated properties by considering private risk (i.e., environmental) and market risks (i.e., real estate) associated with property clean-up and redevelopment.  The NSF project sowed the seeds for what burgeoned into the DNPV method.

Dr. Espinoza is a Senior Principal at Geosyntec CAT Advisory in Washington D.C. where his professional focus is on financial risk analysis and risk monetization for infrastructure and geoenvironmental projects.

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