An enhanced multi-objective optimization approach for risk allocation in public–private partnership projects: a case study of Malaysia

2014 ◽  
Vol 41 (2) ◽  
pp. 164-177 ◽  
Author(s):  
Valipour Alireza ◽  
Yadollahi Mohammadreza ◽  
Rosli Mohamad Zin ◽  
Nordin Yahaya ◽  
Norhazilan Md. Noor
Keyword(s):  
Public Private Partnership ◽  
Optimization Approach ◽  
Risk Allocation ◽  
Private Partnership ◽  
Multi Objective ◽  
Allocation Process ◽  
Private And Public ◽  
Concession Period

The decision making for risk allocation problems in public–private partnership (PPP) projects is a vital process that directly affects the timeliness, cost, and quality of the project. Fair risk allocation is a vital factor to achieve success in the implementation of these projects. It is essential for private and public sectors to apply efficient risk allocation approaches to experience a more effective process of agreement arbitration and to reduce the appearance of dispute during the concession period. The aim of this study is to develop an optimization approach to enhance risk allocation process in PPP projects. The shared risks in projects are identified through comprehensive literature review and questionnaire survey obtained from Malaysian professionals involved in PPP projects. Objective functions are then developed to minimize the total time and cost of the project and maximize the quality while satisfying risk threshold constraints. The combinatorial nature of the risk allocation problem describes a multi-objective situation that can be simulated as a knapsack problem (KP). The formulation of the KP is described and solved applying genetic algorithm (GA). Due to the flexibility of GA, the results are Pareto Optimal solutions that describe the combinations of risk percentages for shared risks in PPP projects.

scholarly journals Identification and Evaluation of Risk Allocation Criteria and Barriers: A Malaysian Public Private Partnership Project Case Study

2014 ◽  
Vol 14 (18) ◽  
pp. 2023-2031 ◽  
Author(s):  
Alireza Valipour ◽  
Farahbod Mohammadi ◽  
Nordin Yahaya ◽  
Hadi Sarvari ◽  
Norhazilan Md Noor
Keyword(s):  
Public Private Partnership ◽  
Risk Allocation ◽  
Private Partnership ◽  
Allocation Criteria

Regional institutional environment of public-private partnership: The case study of the Ural Federal District regions. Part 2

2021 ◽  
Vol 19 (1) ◽  
pp. 55-71
Author(s):  
Svetlana V. PANIKAROVA ◽  
Mikhail L. KUKLINOV ◽  
Vladimir V. YUGOV ◽  
Yana S. KHOKHRYAKOVA
Keyword(s):  
Continuous Improvement ◽  
Institutional Environment ◽  
Federal District ◽  
Public Private Partnership ◽  
Investment Climate ◽  
Private Partnership ◽  
Private And Public ◽  
Institutional Aspects ◽  
Institutional Traps

Subject. This article discusses the issues related to regulatory support for public-private partnership in the regions of the Ural Federal District. Objectives. The article aims to assess the institutional aspects of public-private partnership. Methods. For the study, we used a comparative analysis and the tabular methods to interpret the collected data. Results. The article points to the positive changes in the development of public-private partnership in the regions of the Ural Federal District. It also identifies institutional traps in local legislation and offers some recommendations to improve the investment climate. Conclusions. The article concludes that all the prerequisites for effective cooperation between private and public capitals have been created in the Ural Federal District regions. The development of public-private partnership is not possible without the continuous improvement of the institutional environment.

scholarly journals Public—Private Partnership Governance for Accessible Tourism in Marine Protected Areas (MPAs)

2021 ◽  
Vol 13 (15) ◽  
pp. 8455
Author(s):  
Fabio De Matteis ◽  
Giovanni Notaristefano ◽  
Piervito Bianchi
Keyword(s):  
Protected Areas ◽  
Marine Protected Areas ◽  
Public Private Partnership ◽  
Case Study Methodology ◽  
Private Partnership ◽  
The Public ◽  
Study Methodology ◽  
Research Questions

Tourism is a relevant sector in terms of social development, considering its contribution to the quality of life for people with special needs. Accessible tourism, by virtue of its complexity, requires the development of studies on the collaboration among different actors. This leads to this article’s research interest in the public—private partnership (PPP) as a managerial tool that allows cooperation and that can support the development of accessible tourism objectives in marine protected areas (MPAs). Applying the case study methodology, we investigate certain aspects characterizing PPPs governance. Answering the two proposed research questions, we conclude that (1) sharing similar moral values facilitates trust between the partners and (2) differing skills of the partners represent advantages in facing the complexity related to accessible tourism objectives.

scholarly journals Coping with Challenges of Public-Private Partnership (PPP) for Housing Delivery in Nigeria

2018 ◽  
Vol 7 (2.29) ◽  
pp. 1097 ◽  
Author(s):  
Zayyanu Muhammad ◽  
Foziah Johar ◽  
. .
Keyword(s):  
Developing Countries ◽  
Private Sector ◽  
Public Private Partnership ◽  
Risk Allocation ◽  
Housing Project ◽  
Case Study Approach ◽  
Private Partnership ◽  
Study Approach ◽  
Infrastructure Provision

Although public-private partnerships continue to gain popularity in infrastructure provision, the application of the strategy in housing delivery is bedevilled with many challenges particularly in the context of developing countries like Nigeria. This article aims to offer solutions to the challenges of PPP for housing delivery in Nigeria. Using a case study approach, the article investigated the challenges of PPP housing project in the federal capital territory [FCT] Abuja, Nigeria. The study found that “lack of transparency in the procurement process”, “inappropriate risk allocation”, “poor administrative machinery”, “corruption”, and incompetent private sector” are the major challenges that militate against successful housing delivery through public-private partnership in Nigeria. In conclusion, the paper outlined solutions for coping with the challenges of PPP for housing delivery in Nigeria.  

scholarly journals DEVELOPMENT OF STATE-PRIVATE PARTNERSHIP IN THE UDMURT REPUBLIC

2021 ◽  
Vol 31 (5) ◽  
pp. 783-790
Author(s):  
S.V. x S.V. Radygina
Keyword(s):  
Economic Effect ◽  
Public Private Partnership ◽  
Social Infrastructure ◽  
Private Partnership ◽  
Distinctive Features ◽  
Investment Projects ◽  
The Social ◽  
Development Institutions ◽  
Udmurt Republic ◽  
Private And Public

The article discloses the essence of the public-private partnership mechanism, various approaches to its definition, both at the level of legislative acts of the Russian Federation and international organizations (UN). Different forms of PPP projects, their peculiarities and distinctive features are described in accordance with federal laws on public-private partnership and concession agreements. Instruments are being considered to support investors implementing investment projects of social infrastructure on the basis of PPPs, from federal and regional development institutions, as well as state authorities. An analysis of the level of PPP development in the Udmurt Republic is carried out, concrete examples of successful cooperation between private and public parties on the organization of financing and implementation of the project on the basis of public-private or municipal-private partnership are given. The use of this mechanism allows to obtain a significant economic effect due to the fact that there is a personal interest of a private person in obtaining income from a built or modernized facility. In addition, the social component plays an important role, PPP allows you to direct funds to those industries that are initially considered not promising enough to conduct business, but are often of key importance for the development of the region and ensuring a comfortable urban environment for the population.

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