Risk allocation of old community renewal PPP project in China--An improved TOPSIS approach

Abstract

To ensure the successful implementation of old community renewal PPP project in China, it is essential to allocate the project risks among the participants appropriately. Therefore, this study aims to determine the optimal risk allocation scheme between the government and the private sector in old community renewal projects. An improved TOPSIS based risk allocation model is introduced to improve the decision-making efficiency in risk allocation, and a case study is carried out in Chongqing to allocate the risk factors in the project. The research findings provide references for allocating risks between the government and the social capital in PPP projects.