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Risk Allocation of Public-Private Partnerships in Public Stadium Construction Projects

机译:公共体育场建设项目中公私合营的风险分配

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As a form of cooperation relationship established by government and private sectors in an infrastructure project, public-private partnership (PPP) promotes both parties to take full advantages of themselves so as to realize a win-win result. Recent years have seen a marked increase in cooperation between the public and private sectors for the development and operation of infrastructure for a wide range of economic activities. In sports field, public stadium belongs to quasi-public goods with the nature of public welfare and externality, which means it is appropriate to be invested in PPP mode. PPP projects are usually subjected to more risks than other traditional construction activities because of their complexity. This paper deals with the reasonable risk allocation of PPP in public stadium construction projects, which is a key factor of successful PPP application. The process of risk allocation between public and private sectors in public stadium construction projects is designed. Game theory and TOPSIS method based on entropy weight are used to evaluate the risk taking willingness as well as ability of each party in PPP projects. By quantitative analysis, a risk allocation framework is presented to confirm the risk taker in various conditions which would enhance the project’s performance. Some suggestions on risk allocation of PPP in public stadium construction projects are also put forward.
机译:作为政府和私营部门建立的合作关系的形式,公私伙伴关系(PPP)促进双方以实现完全优势,以实现双赢的结果。近年来,公共和私营部门之间的合作有明显的增加,为广泛的经济活动发展和运作基础设施。在体育场地,公共场所属于准公共产品,具有公益和外部性的性质,这意味着它适合投资PPP模式。 PPP项目通常因其复杂性而比其他传统施工活动更多的风险。本文涉及公共体育场建设项目中PPP的合理风险分配,这是成功PPP申请的关键因素。设计了公共体育馆建设项目公共和私营部门之间的风险分配过程。基于熵权的博弈论和Topsis方法用于评估PPP项目中每个方的风险以及每个方的能力。通过定量分析,提出了风险分配框架,以确认在各种条件下的风险接收者,这将提高项目的性能。还提出了关于公共体育场建设项目中PPP风险分配的一些建议。

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