Chapter
Dec 15, 2022
Research on Risk Sharing of EOD+PPP Project
Publication: ICCREM 2022
ABSTRACT
In order to make the risk sharing between government and social capital parties of EOD+PPP model projects more reasonable. On the basis of identifying the risk of the whole process of EOD+PPP model project, firstly, the traditional TOPSIS method is improved by introducing the pinch cosine distance. And the improved TOPSIS method is used to initially share the risks and divide the sole-share risks and the shared risks. Then, the Shapley value method is improved according to the four basic principles of risk sharing. And the improved Shapley value method is used to further allocate the shared risks and solve the allocation ratio of shared risks between government and social capital parties.
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REFERENCES
Chen, W. (2021). “PPP+EOD innovative new model of sustainable urban development.” Environmental Economy, (15), 26–29. (in Chinese).
Chen, W. G., Li, Y. J., Liu, Y., and Yan, H. (2019). “Preliminary study on risk sharing of PPP projects based on improved TOPSIS method.” Friends of Accounting, (01), 15–20. (in Chinese).
Chen, W. G., Zhang, S. X., and Wang, H. H. (2016). “Project cost, progress and quality integrated evaluation.” Journal of Civil Engineering and Management, 33(02), 18–21+42. (in Chinese).
General Office of Ministry of Ecology and Environment, General Office of Development and Reform Commission, General Office of National Development Bank. (2021). “Notice on the recommendation of pilot projects of eco-environment oriented development model.” <https://www.mee.gov.cn/xxgk2018/xxgk/xxgk06/202104/t20210428_831153.html>(Apr. 28th, 2021). (in Chinese).
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Information & Authors
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Published In
ICCREM 2022
Pages: 699 - 708
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Published online: Dec 15, 2022
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1Professor, School of Civil Engineering and Architecture, Wuhan Univ. of Technology, Wuhan, China. Email: [email protected]
2Postgraduate, School of Civil Engineering and Architecture, Wuhan Univ. of Technology, Wuhan, China. Email: [email protected]
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