A Risk Evaluation Index System for Infrastructure PPP Model Based on FAHP Method

Y. M. Ding; F. Y. Guo; K. Y. Wang

doi:10.1007/978-981-99-7965-3_51

A Risk Evaluation Index System for Infrastructure PPP Model Based on FAHP Method

Y. M. Ding
, F. Y. Guo^*
, K. Y. Wang

^*Corresponding author for this work

Xi'an Jiaotong-Liverpool University

Research output: Chapter in Book or Report/Conference proceeding › Conference Proceeding › peer-review

Abstract

The upsurge in demand for infrastructure construction due to increasing urbanization and economic growth has prompted governments to invest more in infrastructure and public utilities. However, the high cost of infrastructure construction requires the inclusion of market mechanisms to attract social capital, leading to the innovative Public–Private-Partnership (PPP) model as a public service investment mechanism. Although the PPP model can effectively alleviate the debt burden of local governments, it also poses a variety of risks and complexities in decision-making. Thus, it is crucial to identify and evaluate the primary risks throughout the project lifecycle. This study constructs a risk index system from ten dimensions for infrastructure PPP projects and further adopts the fuzzy analytic hierarchy (FAHP) process to evaluate the identified risk factors. The study examines the Huzhou South Taihu New Area PPP project and identifies the project design stage risk as the most important. The findings in general could provide valuable insights for PPP project stakeholders to effectively manage key risks.

Original language	English
Title of host publication	Towards a Carbon Neutral Future - The Proceedings of The 3rd International Conference on Sustainable Buildings and Structures
Editors	Konstantinos Papadikis, Cheng Zhang, Shu Tang, Engui Liu, Luigi Di Sarno
Publisher	Springer Science and Business Media Deutschland GmbH
Pages	591-602
Number of pages	12
ISBN (Print)	9789819979646
DOIs	https://doi.org/10.1007/978-981-99-7965-3_51
Publication status	Published - 2024
Externally published	Yes
Event	3rd International Conference on Sustainable Buildings and Structures, ICSBS 2023 - Suzhou, China Duration: 17 Aug 2023 → 20 Aug 2023

Publication series

Name	Lecture Notes in Civil Engineering
Volume	393
ISSN (Print)	2366-2557
ISSN (Electronic)	2366-2565

Conference

Conference	3rd International Conference on Sustainable Buildings and Structures, ICSBS 2023
Country/Territory	China
City	Suzhou
Period	17/08/23 → 20/08/23

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

SDG 8 Decent Work and Economic Growth

Keywords

Fuzzy analytic hierarchy
PPP projects
Risk evaluation
Stakeholders

Access to Document

10.1007/978-981-99-7965-3_51

Cite this

Ding, Y. M., Guo, F. Y., & Wang, K. Y. (2024). A Risk Evaluation Index System for Infrastructure PPP Model Based on FAHP Method. In K. Papadikis, C. Zhang, S. Tang, E. Liu, & L. Di Sarno (Eds.), Towards a Carbon Neutral Future - The Proceedings of The 3rd International Conference on Sustainable Buildings and Structures (pp. 591-602). (Lecture Notes in Civil Engineering; Vol. 393). Springer Science and Business Media Deutschland GmbH. https://doi.org/10.1007/978-981-99-7965-3_51

Ding, Y. M. ; Guo, F. Y. ; Wang, K. Y. / A Risk Evaluation Index System for Infrastructure PPP Model Based on FAHP Method. Towards a Carbon Neutral Future - The Proceedings of The 3rd International Conference on Sustainable Buildings and Structures. editor / Konstantinos Papadikis ; Cheng Zhang ; Shu Tang ; Engui Liu ; Luigi Di Sarno. Springer Science and Business Media Deutschland GmbH, 2024. pp. 591-602 (Lecture Notes in Civil Engineering).

@inproceedings{74bf1111ae4b47b0928796dd1b54e514,

title = "A Risk Evaluation Index System for Infrastructure PPP Model Based on FAHP Method",

abstract = "The upsurge in demand for infrastructure construction due to increasing urbanization and economic growth has prompted governments to invest more in infrastructure and public utilities. However, the high cost of infrastructure construction requires the inclusion of market mechanisms to attract social capital, leading to the innovative Public–Private-Partnership (PPP) model as a public service investment mechanism. Although the PPP model can effectively alleviate the debt burden of local governments, it also poses a variety of risks and complexities in decision-making. Thus, it is crucial to identify and evaluate the primary risks throughout the project lifecycle. This study constructs a risk index system from ten dimensions for infrastructure PPP projects and further adopts the fuzzy analytic hierarchy (FAHP) process to evaluate the identified risk factors. The study examines the Huzhou South Taihu New Area PPP project and identifies the project design stage risk as the most important. The findings in general could provide valuable insights for PPP project stakeholders to effectively manage key risks.",

keywords = "Fuzzy analytic hierarchy, PPP projects, Risk evaluation, Stakeholders",

author = "Ding, \{Y. M.\} and Guo, \{F. Y.\} and Wang, \{K. Y.\}",

note = "Publisher Copyright: {\textcopyright} The Author(s), under exclusive license to Springer Nature Singapore Pte Ltd. 2024.; 3rd International Conference on Sustainable Buildings and Structures, ICSBS 2023 ; Conference date: 17-08-2023 Through 20-08-2023",

year = "2024",

doi = "10.1007/978-981-99-7965-3\_51",

language = "English",

isbn = "9789819979646",

series = "Lecture Notes in Civil Engineering",

publisher = "Springer Science and Business Media Deutschland GmbH",

pages = "591--602",

editor = "Konstantinos Papadikis and Cheng Zhang and Shu Tang and Engui Liu and \{Di Sarno\}, Luigi",

booktitle = "Towards a Carbon Neutral Future - The Proceedings of The 3rd International Conference on Sustainable Buildings and Structures",

}

Ding, YM, Guo, FY & Wang, KY 2024, A Risk Evaluation Index System for Infrastructure PPP Model Based on FAHP Method. in K Papadikis, C Zhang, S Tang, E Liu & L Di Sarno (eds), Towards a Carbon Neutral Future - The Proceedings of The 3rd International Conference on Sustainable Buildings and Structures. Lecture Notes in Civil Engineering, vol. 393, Springer Science and Business Media Deutschland GmbH, pp. 591-602, 3rd International Conference on Sustainable Buildings and Structures, ICSBS 2023, Suzhou, China, 17/08/23. https://doi.org/10.1007/978-981-99-7965-3_51

A Risk Evaluation Index System for Infrastructure PPP Model Based on FAHP Method. / Ding, Y. M.; Guo, F. Y.; Wang, K. Y.
Towards a Carbon Neutral Future - The Proceedings of The 3rd International Conference on Sustainable Buildings and Structures. ed. / Konstantinos Papadikis; Cheng Zhang; Shu Tang; Engui Liu; Luigi Di Sarno. Springer Science and Business Media Deutschland GmbH, 2024. p. 591-602 (Lecture Notes in Civil Engineering; Vol. 393).

Research output: Chapter in Book or Report/Conference proceeding › Conference Proceeding › peer-review

TY - GEN

T1 - A Risk Evaluation Index System for Infrastructure PPP Model Based on FAHP Method

AU - Ding, Y. M.

AU - Guo, F. Y.

AU - Wang, K. Y.

N1 - Publisher Copyright: © The Author(s), under exclusive license to Springer Nature Singapore Pte Ltd. 2024.

PY - 2024

Y1 - 2024

N2 - The upsurge in demand for infrastructure construction due to increasing urbanization and economic growth has prompted governments to invest more in infrastructure and public utilities. However, the high cost of infrastructure construction requires the inclusion of market mechanisms to attract social capital, leading to the innovative Public–Private-Partnership (PPP) model as a public service investment mechanism. Although the PPP model can effectively alleviate the debt burden of local governments, it also poses a variety of risks and complexities in decision-making. Thus, it is crucial to identify and evaluate the primary risks throughout the project lifecycle. This study constructs a risk index system from ten dimensions for infrastructure PPP projects and further adopts the fuzzy analytic hierarchy (FAHP) process to evaluate the identified risk factors. The study examines the Huzhou South Taihu New Area PPP project and identifies the project design stage risk as the most important. The findings in general could provide valuable insights for PPP project stakeholders to effectively manage key risks.

AB - The upsurge in demand for infrastructure construction due to increasing urbanization and economic growth has prompted governments to invest more in infrastructure and public utilities. However, the high cost of infrastructure construction requires the inclusion of market mechanisms to attract social capital, leading to the innovative Public–Private-Partnership (PPP) model as a public service investment mechanism. Although the PPP model can effectively alleviate the debt burden of local governments, it also poses a variety of risks and complexities in decision-making. Thus, it is crucial to identify and evaluate the primary risks throughout the project lifecycle. This study constructs a risk index system from ten dimensions for infrastructure PPP projects and further adopts the fuzzy analytic hierarchy (FAHP) process to evaluate the identified risk factors. The study examines the Huzhou South Taihu New Area PPP project and identifies the project design stage risk as the most important. The findings in general could provide valuable insights for PPP project stakeholders to effectively manage key risks.

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KW - PPP projects

KW - Risk evaluation

KW - Stakeholders

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BT - Towards a Carbon Neutral Future - The Proceedings of The 3rd International Conference on Sustainable Buildings and Structures

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A2 - Zhang, Cheng

A2 - Tang, Shu

A2 - Liu, Engui

A2 - Di Sarno, Luigi

PB - Springer Science and Business Media Deutschland GmbH

T2 - 3rd International Conference on Sustainable Buildings and Structures, ICSBS 2023

Y2 - 17 August 2023 through 20 August 2023

ER -

Ding YM, Guo FY, Wang KY. A Risk Evaluation Index System for Infrastructure PPP Model Based on FAHP Method. In Papadikis K, Zhang C, Tang S, Liu E, Di Sarno L, editors, Towards a Carbon Neutral Future - The Proceedings of The 3rd International Conference on Sustainable Buildings and Structures. Springer Science and Business Media Deutschland GmbH. 2024. p. 591-602. (Lecture Notes in Civil Engineering). doi: 10.1007/978-981-99-7965-3_51

A Risk Evaluation Index System for Infrastructure PPP Model Based on FAHP Method

Abstract

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UN SDGs

Keywords

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