File Download

There are no files associated with this item.

  Links for fulltext
     (May Require Subscription)
Supplementary

Article: A fuzzy simulation model for evaluating the concession items of public-private partnership schemes

TitleA fuzzy simulation model for evaluating the concession items of public-private partnership schemes
Authors
KeywordsConcession Period
Fuzzy Sets
Public-Private Partnership
Simulation
Tariff Regime
Issue Date2007
PublisherElsevier BV. The Journal's web site is located at http://www.elsevier.com/locate/autcon
Citation
Automation In Construction, 2007, v. 17 n. 1, p. 22-29 How to Cite?
AbstractThe investment return, tariff regime and concession period are the most important items that influence the success of a concession-based public-private partnership (PPP) project. From the public partner's perspective, whether a scheme is value-for-money or not dominates the decision-making process. However, a seemingly favorable deal may turn out to be the least value-for-money option should it cause unnecessary social upheaval, such as excessive tariff increases or complaints. A scheme which is truly value-for-money is one which balances the interests of the public partner, investor and end-users. In this paper, a simulation model is proposed to assist a public partner to identify the concession period based on the expected investment and tariff regime. The needs for establishing different scenarios to represent the risks and uncertainties involved are presented, and a fuzzy multi-objective decision model is introduced to trade-off the associated three concession items. The combined features of the simulation and fuzzy multi-objective decision models enable the scenario most likely to result in a "win-win-win" concession scheme to be identified. A hypothetical example is used to illustrate the proposed model. This highlights the importance of the decision-makers' perception of the concession items in influencing their selection, and the influence of the group decision-making involved. © 2007 Elsevier B.V. All rights reserved.
Persistent Identifierhttp://hdl.handle.net/10722/150421
ISSN
2015 Impact Factor: 2.442
2015 SCImago Journal Rankings: 1.571
ISI Accession Number ID
References

 

DC FieldValueLanguage
dc.contributor.authorThomas Ng, Sen_US
dc.contributor.authorXie, Jen_US
dc.contributor.authorSkitmore, Men_US
dc.contributor.authorCheung, YKen_US
dc.date.accessioned2012-06-26T06:04:36Z-
dc.date.available2012-06-26T06:04:36Z-
dc.date.issued2007en_US
dc.identifier.citationAutomation In Construction, 2007, v. 17 n. 1, p. 22-29en_US
dc.identifier.issn0926-5805en_US
dc.identifier.urihttp://hdl.handle.net/10722/150421-
dc.description.abstractThe investment return, tariff regime and concession period are the most important items that influence the success of a concession-based public-private partnership (PPP) project. From the public partner's perspective, whether a scheme is value-for-money or not dominates the decision-making process. However, a seemingly favorable deal may turn out to be the least value-for-money option should it cause unnecessary social upheaval, such as excessive tariff increases or complaints. A scheme which is truly value-for-money is one which balances the interests of the public partner, investor and end-users. In this paper, a simulation model is proposed to assist a public partner to identify the concession period based on the expected investment and tariff regime. The needs for establishing different scenarios to represent the risks and uncertainties involved are presented, and a fuzzy multi-objective decision model is introduced to trade-off the associated three concession items. The combined features of the simulation and fuzzy multi-objective decision models enable the scenario most likely to result in a "win-win-win" concession scheme to be identified. A hypothetical example is used to illustrate the proposed model. This highlights the importance of the decision-makers' perception of the concession items in influencing their selection, and the influence of the group decision-making involved. © 2007 Elsevier B.V. All rights reserved.en_US
dc.languageengen_US
dc.publisherElsevier BV. The Journal's web site is located at http://www.elsevier.com/locate/autconen_US
dc.relation.ispartofAutomation in Constructionen_US
dc.rightsAutomation in Construction. Copyright © Elsevier BV.-
dc.subjectConcession Perioden_US
dc.subjectFuzzy Setsen_US
dc.subjectPublic-Private Partnershipen_US
dc.subjectSimulationen_US
dc.subjectTariff Regimeen_US
dc.titleA fuzzy simulation model for evaluating the concession items of public-private partnership schemesen_US
dc.typeArticleen_US
dc.identifier.emailThomas Ng, S:tstng@hkucc.hku.hken_US
dc.identifier.emailCheung, YK:hreccyk@hkucc.hku.hken_US
dc.identifier.authorityThomas Ng, S=rp00158en_US
dc.identifier.authorityCheung, YK=rp00104en_US
dc.description.naturelink_to_subscribed_fulltexten_US
dc.identifier.doi10.1016/j.autcon.2007.02.010en_US
dc.identifier.scopuseid_2-s2.0-34547728279en_US
dc.identifier.hkuros142790-
dc.relation.referenceshttp://www.scopus.com/mlt/select.url?eid=2-s2.0-34547728279&selection=ref&src=s&origin=recordpageen_US
dc.identifier.volume17en_US
dc.identifier.issue1en_US
dc.identifier.spage22en_US
dc.identifier.epage29en_US
dc.identifier.isiWOS:000250433300003-
dc.publisher.placeNetherlandsen_US
dc.identifier.scopusauthoridThomas Ng, S=7403358853en_US
dc.identifier.scopusauthoridXie, J=18438839800en_US
dc.identifier.scopusauthoridSkitmore, M=7003387239en_US
dc.identifier.scopusauthoridCheung, YK=7202111065en_US

Export via OAI-PMH Interface in XML Formats


OR


Export to Other Non-XML Formats