Decision Making on Government Subsidy for Highway Public-Private Partnership Projects in China Using an Iteration Game Model

Huang, Yujie; Hu, Hao; Chen, Jinjin; Dai, Lei

doi:10.7307/ptt.v33i3.3567

Cited by 2 publications

(1 citation statement)

References 16 publications

(20 reference statements)

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“…These attempts have been conducted to optimize one aspect or another in the PPP implementation development. However, most of the studies focused only on one or two variables to optimize, while PPP projects have many variables, which differ from one another (Huang et al, 2021; Li and Strahan, 2021). Besides, optimizing one variable alone may reduce the optimal values for the other variables due to the interdependencies among the concession components.…”

Section: Literature Reviewmentioning

confidence: 99%

A socio-economic multi-objective optimization approach toward enhancing public–private partnerships’ concession agreements in infrastructure development

Alghamdi

2022

Journal of Strategic Contracting and Negotiation

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The participants of the public–private partnership projects have different parts in developing the concessions, hence different perspectives and goals. Besides, the public–private partnership concession agreement has many parameters and components, and a change in one component will have a considerable impact on other components. Thus, determining the optimal value for different concession parameters by providing a series of feasible contribution options was investigated in this paper using two different multi-objective optimization models: genetic algorithm and Thompson sampling. Two case studies (the US I-495 and the I-4 Ultimate) were used to construct and validate the results of the model. The model results showed that the socio-economic sustainability performance increases as the private equity increases and the public equity decreases. The results also showed that the socio-economic sustainability performance increases as the concession price (user-fee) decreases. Having these contribution options could facilitate the decision-making process for both the public and private parties. The genetic algorithm model obtained faster optimization results when compared to the Thompson sampling model; however, the Thompson sampling obtained better results. Moreover, the use of the model could improve the socio-economic sustainability performance of the public–private partnership projects.

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Section: Literature Reviewmentioning

confidence: 99%

A socio-economic multi-objective optimization approach toward enhancing public–private partnerships’ concession agreements in infrastructure development

Alghamdi

2022

Journal of Strategic Contracting and Negotiation

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An original methodology for evaluating the effectiveness of the use of concession mechanisms based on the stakeholder theory

Khalin

2021

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Subject. The article addresses the methodology for evaluating the effectiveness of the use of concession mechanisms based on the stakeholder theory in investment activities. Objectives. The purpose is to develop methodological approaches to assessing the effectiveness of investment process financing, using the concession mechanisms. Methods. I employ both general scientific methods of cognition and analytical, economic and statistical methods of information processing, based on the analysis of existing concession agreements. Results. The study defines a methodology for evaluating the effectiveness of the use of concession mechanisms on the basis of the theory of stakeholders. It enables to determine the limits and prospects for investing private investor's funds, taking into account the evaluation rating scale. Conclusions. The stability of investment activity is an important aspect. The analysis of the existing preliminary review of the current economic state of concession agreements revealed negative cause-and-effect relationships, which are associated essentially with the lack of awareness of the parties of successful implementation of investment projects. My unique methodology for evaluating the effectiveness of the use of concession mechanisms based on the stakeholder approach aims at solving the above-mentioned problem and increasing the efficiency of investment project financing through a preliminary project assessment. It can be used in investment activities, in particular, in preparing and implementing concession agreements in the housing and utilities sector, construction of social institutions and transport infrastructure facilities.

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Decision Making on Government Subsidy for Highway Public-Private Partnership Projects in China Using an Iteration Game Model

Cited by 2 publications

References 16 publications

A socio-economic multi-objective optimization approach toward enhancing public–private partnerships’ concession agreements in infrastructure development

A socio-economic multi-objective optimization approach toward enhancing public–private partnerships’ concession agreements in infrastructure development

An original methodology for evaluating the effectiveness of the use of concession mechanisms based on the stakeholder theory

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