Please use this identifier to cite or link to this item: http://hdl.handle.net/10397/9969
Title: Risk concession model for build/operate/transfer contract projects
Authors: Shen, LY
Wu, YZ
Keywords: Build/operate/transfer
Contracts
Monte Carlo method
Project management
Risk analysis
Simulation
Issue Date: 2005
Publisher: American Society of Civil Engineers
Source: Journal of construction engineering and management, 2005, v. 131, no. 2, p. 211-220 How to cite?
Journal: Journal of construction engineering and management 
Abstract: This paper extends the build-operate-transfer (BOT) concession model (BOTCcM) to establishing a risk concession model for BOT contract projects. The decision for a concession period is one of the most important decisions in determining a BOT contract. BOTCcM presents an alternative method to assist in determining a concession period that can protect the basic interests of both the investor and the government concerned. However, there is a major limitation in using the model, namely it gives no consideration to the impacts of risks on the estimation of various economic variables in the model. This study considers the risk impacts to the BOTCcM model and presents an additional risk concession model. This model provides an approach for formulating a concession period to consider the impacts of risks and, at the same time, protect the basic interests of both the investor and the government concerned. A hypothetical case is used to show the procedures of formulating the risk concession period through the assistance of the Monte Carlo simulation method.
URI: http://hdl.handle.net/10397/9969
ISSN: 0733-9364
EISSN: 1943-7862
DOI: 10.1061/(ASCE)0733-9364(2005)131:2(211)
Appears in Collections:Journal/Magazine Article

Access
View full-text via PolyU eLinks SFX Query
Show full item record

SCOPUSTM   
Citations

86
Last Week
1
Last month
0
Citations as of May 10, 2018

WEB OF SCIENCETM
Citations

77
Last Week
0
Last month
0
Citations as of May 17, 2018

Page view(s)

70
Last Week
1
Last month
Citations as of May 21, 2018

Google ScholarTM

Check

Altmetric


Items in DSpace are protected by copyright, with all rights reserved, unless otherwise indicated.