Risk Assessment in PPP Projects by Applying Different MCDM Methods and Comparative Results Analysis

Valipour, Alireza; Sarvari, Hadi; Tamošaitienė, Jolanta

doi:10.3390/admsci8040080

Cited by 47 publications

(26 citation statements)

References 56 publications

(64 reference statements)

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“…The overall process of estimating risk and making decisions about risk tolerance is called risk assessment. The process of risk assessment acts as a bridge between proper risk assessment and the balanced management of major risks [38]. Risk assessment that has been carried out in this study followed the UK's health and safety executive (UK's HSE) model including four steps:…”

Section: Risk Managementmentioning

confidence: 99%

A Risk Based Approach to Evaluating the Impacts of Zayanderood Drought on Sustainable Development Indicators of Riverside Urban in Isfahan-Iran

et al. 2019

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In recent years, the Zayanderood River in Isfahan-Iran has been encountered by hydrological imbalance and drought. Literature review shows that long-term climate change, drought, and disruption of the river's water supply has led to depletion of underground aquifers and, consequently, gradual subsidence of the river and serious damage to old buildings and structures along the riverbank. This fact would be followed up by adverse environmental, social, and economic effect that could threaten the sustainable development of urban space. Therefore, it is necessary to use efficient risk identification and assessment approaches toward a more effective risk management. The goal of this study is to identify and prioritize the risks of river drought with regards to all three sustainable development areas including environmental, social, and economic. The research methodology was a mixed field method that included a set of questionnaires and interviews. To evaluate collected data, the analytic network process (ANP) method was used. Eighteen important risks were identified. Based on the results, decrease in the groundwater level, climate change, and gradual soil degradation were ranked first, second, and third, respectively. As this study examined the impacts of river drought on all three areas of sustainable development simultaneously and comprehensively, it is expected that the results will fill the existing theoretical and practical gap affecting improvements in assessment and management of sustainable development risks.

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Section: Risk Managementmentioning

confidence: 99%

A Risk Based Approach to Evaluating the Impacts of Zayanderood Drought on Sustainable Development Indicators of Riverside Urban in Isfahan-Iran

et al. 2019

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“…Due to the differences in interests, corporate culture, and risk perception, the public and private sectors have a different attitude towards risk. On the other hand, it is widely acknowledged that identification is one of the most important stages of risk management, because the identification process is very important for accurate analysis (Valipour et al 2018). Attention to differences in attitudes for risk identification can be helpful in improving risk management in PPP projects.…”

Section: Research Aim and Objectivesmentioning

confidence: 99%

Approaches to Risk Identification in Public–Private Partnership Projects: Malaysian Private Partners’ Overview

Sarvari

Valipour

Yahya

et al. 2019

Administrative Sciences

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The complexity of public–private partnership (PPP) projects ensures that risks could emerge and spread in unpredictable ways if they are not well identified and managed. The emergence of PPP projects has brought major changes in the construction industry, the most notable being in procurement methods influencing risk allocation to private parties. Thus, it is crucial to have an effective risk management for public and private partners to eliminate or minimise risks. Formulating an effective risk management system is a crucial challenge faced by both of parties in order to minimise or optimise risks. The aim of this study was to investigate the process of risk identification of private partners in Malaysian PPP projects. Data were collected throughout a 2-month period using a survey with a sample of nine Malaysian companies engaged in PPP projects, and the survey results were analysed using mean scores. The findings indicate that due to a lack of knowledge and experience of Malaysian private partners in the risk identification process, a comprehensive database for risk identification is highly necessary for the private sector. Another issue emerging from the findings is that it may be reasonable to use a combination of risk identiﬁcation tools for PPP projects with a high level of complexity. The findings of the present study can greatly assist public and private partners to select the most appropriate tools for risk identification at the early stages of PPP projects.

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“…A consideration of AHP's criticism about most recent developments of the method was provided by Franek and Kresta (2014) and seemed to have settled in favour of the method. Valipour et al (2018) state that in an AHP framework, the decision problem is hierarchically decomposed into a linear top-to-bottom structure, assuming a one-way hierarchy relationship among decision levels. Therefore, as the choice of the office space that is adequate for business process outsourcing (BPO) activities (like the one analysed here) is usually based on a set of independent criteria, AHP is the proper method for the enhancement of such a decision-making task.…”

Section: Analytic Hierarchy Process Methodsmentioning

confidence: 99%

Smart and Green Buildings Features in the Decision-Making Hierarchy of Office Space Tenants: An Analytic Hierarchy Process Study

Głuszak

Gawlik

Zięba

2019

Administrative Sciences

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In the paper, we investigate the role of smart building or green building innovations on the Polish real estate market using the Analytic Hierarchy Process (AHP) method on the group of experts (consultants, managers, brokers) that are active on the office market in Krakow (study area). The findings point towards the highest relevance of the localisation factor, but also at the relatively low importance of the features of a sustainable building: building automation and information technology systems, as well as energy efficiency or certification. The findings suggest that despite the growing interest in sustainability and technological advancement amongst office market participants in Krakow, the relative importance of smart and green building features in their decision-making processes is relatively low. The study has some interesting practical implications. The knowledge regarding the relative importance of decision criteria can be valuable for developers and investors because the anticipation of tenants’ expectations is directly linked with return on investment and innovation premiums.

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Risk Assessment in PPP Projects by Applying Different MCDM Methods and Comparative Results Analysis

Cited by 47 publications

References 56 publications

A Risk Based Approach to Evaluating the Impacts of Zayanderood Drought on Sustainable Development Indicators of Riverside Urban in Isfahan-Iran

A Risk Based Approach to Evaluating the Impacts of Zayanderood Drought on Sustainable Development Indicators of Riverside Urban in Isfahan-Iran

Approaches to Risk Identification in Public–Private Partnership Projects: Malaysian Private Partners’ Overview

Smart and Green Buildings Features in the Decision-Making Hierarchy of Office Space Tenants: An Analytic Hierarchy Process Study

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