A COMPUTERIZED RISK EVALUATION MODEL FOR PUBLIC-PRIVATE PARTNERSHIP (PPP) PROJECTS AND ITS APPLICATION

PPP projects usually involve more risks than other traditional procurement models because of their complexity. This paper presents the third stage of a funded study, which aims to develop a practical and computerized risk evaluation model for PPP projects. In the first and second stages, a risk hierarchal structure composed of 17 weighted risk factors is developed to describe risk profiles of PPP projects. The weightings and membership functions for risk factors are established using the Delphi survey technique and Fuzzy Set Theory. The risk evaluation model is then developed using a fuzzy synthetic evaluation approach. In the third stage, an automated decision support tool based on the risk evaluation model is designed for PPP practitioners by using Visual Basic for Application (VBA). The computerized tool can not only assist PPP participants to assess a PPP project's overall risk level for auxiliary investment decision, but can also help practitioners to identify the most risky areas of a PPP project for effective risk response. To demonstrate the applicability of the computerized model, an illustrative case is finally provided.

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The Risk Evaluation Model of Mining Project Investment Based on Fuzzy Comprehensive Method

Applied Mechanics and Materials ◽

10.4028/www.scientific.net/amm.295-298.2928 ◽

2013 ◽

Vol 295-298 ◽

pp. 2928-2934 ◽

Cited By ~ 2

Author(s):

Zuo Gong Wang ◽

Jie Zheng ◽

Hui Yang Li

Keyword(s):

Risk Factors ◽

Risk Evaluation ◽

Evaluation Model ◽

Evaluation Index System ◽

Assessment Model ◽

Investment Risk ◽

Project Investment ◽

Comprehensive Method ◽

Mining Project ◽

Risk Evaluation Model

Mining project investment has a lot of features, such as long period, slow effect, big capital size, irreversible investment, the numerous and complicated risk factors. Therefore, it is necessary to analyze and evaluate the investment risk before accepting project. On the basis of analyzing the mining project risk factors, establishing the risk evaluation index system, establishing the risk assessment model based on fuzzy comprehensive method, then evaluating the investment risk of mining project quantitatively, which provides the decision-making basis, makes the investment more scientific and safer and reduces the risk of investment.

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Research on Risk Assessment of Vessel-Bridge Collision Accident in Inland Waterway

Applied Mechanics and Materials ◽

10.4028/www.scientific.net/amm.256-259.2790 ◽

2012 ◽

Vol 256-259 ◽

pp. 2790-2793 ◽

Cited By ~ 1

Author(s):

Dan Zhang ◽

Xiang Rui Yang ◽

Xiao Biao Fan

Keyword(s):

Risk Evaluation ◽

Evaluation Model ◽

Risk Level ◽

Accident Risk ◽

Security Risk ◽

Analytic Hierarchy ◽

Model Based ◽

Bridge Type ◽

Hierarchy Process ◽

Risk Evaluation Model

The Ship-Bridge collision accident risk evaluation model based on the analytic hierarchy process (AHP) was established and the weights of factors were confirmed. Qualitative and quantitative assessments of the Vessel-Bridge collision accident risk level were accomplished. The application results show that the possibility of Ship-Bridge collision accident could be evaluated by the security risk evaluation model based on the AHP. It can provide decision-making suggestions for the sitting of the new bridge and optimal evaluation for bridge type scheme.

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