International Conference on Construction and Real Estate Management 2018
Research on Risk Sharing of PPP Project Based on Shapley Value
Publication: ICCREM 2018: Construction Enterprises and Project Management
ABSTRACT
Reasonable risk sharing is the key to the smooth implementation of PPP projects. At present, the research on the proportion of risk sharing in PPP projects is inadequate. Firstly this paper introduces cooperative game theory to construct the risk sharing model of government capital, private capital. Then the influencing factors of risk sharing in PPP projects are analyzed from three dimensions of macro, meso, and micro. Then the impact of those three dimensions of macro, meso, and micro on risk sharing proportion is determined using the combination weights made up of analytic hierarchy process (AHP) and entropy method, thus the solution of the cooperative game model is revised. Finally, taking Wuhan Optics Valley Railway Station as an example, this model is applied to obtain the best proportion of risk sharing and the decision-maker basis for making plans of risk sharing in PPP projects is provided.
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Information & Authors
Information
Published In
ICCREM 2018: Construction Enterprises and Project Management
Pages: 176 - 185
Editors: Yaowu Wang, Professor, Harbin Institute of Technology, Yimin Zhu, Professor, Louisiana State University, Geoffrey Q. P. Shen, Professor, Hong Kong Polytechnic University, and Mohamed Al-Hussein, Professor, University of Alberta
ISBN (Online): 978-0-7844-8175-2
Copyright
© 2018 American Society of Civil Engineers.
History
Published online: Aug 8, 2018
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