Uncertainty Analysis of Value for Money Assessment for Public-Private Partnership Projects

被引：0
|
作者：
梁晴雪
胡昊
机构：
[1] China Institute of Urban Governance
[2] School of Naval Architecture,Ocean and Civil Engineering,Shanghai Jiao Tong University
来源：
Journal of Shanghai Jiaotong University(Science) | 2017年 / 22卷 / 06期
关键词：
public-private partnership(PPP); value for money(VFM); uncertainty; Monte Carlo simulation model; discounted cash flow(DCF) model;
D O I：
暂无
中图分类号：
F283 [基本建设投资与经济效益]; F572.88 [地方城市交通运输经济];
学科分类号：
0201 ; 0202 ; 020205 ; 082303 ; 1201 ;
摘要：
In recent years, private sectors are encouraged to take an active part in franchising of urban infrastructure investments and operations, which promotes the rapid development of public-private partnership(PPP)in infrastructure and public service supply. Value for money(VFM) assessment has been officially proposed to provide a reference for selection of projects planning to adopt PPP. Based on the bottlenecks of VFM application in China and the uncertainties for urban infrastructure PPP projects, a discounted cash flow(DCF) model is established for VFM of infrastructure PPP projects. Then, a Monte Carlo simulation model is established on the basis of uncertainty factors for VFM. Through the analysis of Huai’an trams PPP project, coping strategies of uncertainties for VFM are put forward. Findings of the research may propel the establishment of a complete VFM evaluation system for PPP projects. Key instructional functions of VFM during the process of decision-making can be brought into full play and PPP may develop orderly.
引用
收藏
页码：672 / 681
页数：10
相关论文
共 50 条
  • [1] Uncertainty analysis of value for money assessment for public-private partnership projects
    Liang Q.
    Hu H.
    [J]. Journal of Shanghai Jiaotong University (Science), 2017, 22 (6) : 672 - 681
  • [2] BIM Based Value for Money Assessment in Public-Private Partnership
    Ren, Guoqian
    Li, Haijiang
    [J]. COLLABORATION IN A DATA-RICH WORLD, 2017, 506 : 51 - 62
  • [3] The Influence of Critical Success Factors on Value for Money Viability Analysis in Public-Private Partnership Projects
    Almarri, Khalid
    Boussabaine, Halim
    [J]. PROJECT MANAGEMENT JOURNAL, 2017, 48 (04) : 93 - 106
  • [4] Exploring value for money (VfM) assessment methods of public-private partnership projects in Ghana A theoretical framework
    Ameyaw, Collins
    Adjei-Kumi, Theophilus
    Owusu-Manu, De-Graft
    [J]. JOURNAL OF FINANCIAL MANAGEMENT OF PROPERTY AND CONSTRUCTION, 2015, 20 (03) : 268 - +
  • [5] Provision of Value for Money through Public-Private Partnership
    Kuvikova, Helena
    Gajdosova, Katarina
    [J]. EKONOMICKY CASOPIS, 2012, 60 (03): : 293 - 310
  • [6] Relationships among Value-for-Money Drivers of Public-Private Partnership Infrastructure Projects
    Cui, Caiyun
    Wang, Jianping
    Liu, Yong
    Coffey, Vaughan
    [J]. JOURNAL OF INFRASTRUCTURE SYSTEMS, 2019, 25 (02)
  • [7] Value for money factors in Indian public-private partnership road projects: An exploratory approach
    Malek, MohammedShakil
    Gundaliya, Pradip
    [J]. JOURNAL OF PROJECT MANAGEMENT, 2021, 6 (01) : 23 - 32
  • [8] Achieving value for money in waste management projects: determining the effectiveness of public-private partnership in Ghana
    Ishawu, Mumuni
    Chen Guangyu
    Adzimah, Emelia Darko
    Aminu, Aliu Mohammed
    [J]. INTERNATIONAL JOURNAL OF MANAGING PROJECTS IN BUSINESS, 2020, 13 (06) : 1283 - 1309
  • [9] Investment decision model of wastewater treatment public-private partnership projects based on value for money
    Yu, Shunkun
    Dai, Tong
    Yu, Yang
    Zhang, Jinying
    [J]. WATER AND ENVIRONMENT JOURNAL, 2021, 35 (01) : 322 - 334
  • [10] A BIM-Based Value for Money Assessment in Public-Private Partnership: An Overall Review
    Ren, Guoqian
    Li, Haijiang
    Zhang, Jisong
    [J]. APPLIED SCIENCES-BASEL, 2020, 10 (18):
12345