Please use this identifier to cite or link to this item: http://hdl.handle.net/10397/22981
Title: Risk allocation in public-private partnership water supply projects in Ghana
Authors: Ameyaw, EE
Chan, APC 
Keywords: Fuzzy set theory
Public-private partnership
Risk allocation
Water supply
Issue Date: 2015
Publisher: Routledge, Taylor & Francis Group
Source: Construction management and economics, 2015, v. 33, no. 3, p. 187-208 How to cite?
Journal: Construction management and economics 
Abstract: Appropriate risk allocation (RA) between public and private sectors according to their risk management (RM) capabilities is crucial for the success of public-private partnership (PPP) projects. The RA process in PPP water projects is examined, and a methodology based on fuzzy set theory is outlined with RA principles that can be used by public-private participants to arrive at fair RA decisions. Empirical data based on an industry-wide three-round Delphi questionnaire survey is used in this study to outline the methodology. The fuzzy set theory is employed for the RA analysis because it deals well with the complex multi-criteria problem of, and precisely accounts for the fuzziness inherent in human cognitive process that characterize, RA decision-making. Five risk factors are evaluated on each RA principle, analysed and assigned between the public and private sectors. The results show that it is appropriate to allocate risks according to both sectors¡¦ RM capability to manage them, using established RA principles and fuzzy set theory. The methodology renders the decision-making process more systematic and practical because the fuzzy theory approach allows decision makers to express their evaluations of both sectors¡¦ RM capabilities in descriptive qualitative terms. The results should assist public clients to establish efficient RA strategies and develop balanced RA schemes for PPP contracts, with a view to
URI: http://hdl.handle.net/10397/22981
ISSN: 0144-6193
EISSN: 1466-433X
DOI: 10.1080/01446193.2015.1031148
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