Concession Period Decision Models for Public Infrastructure Projects Based on Option Games
المؤلفون المشاركون
Wang, Zhi
Tan, Huan
Wang, Jing
Hu, Chunyan
المصدر
Mathematical Problems in Engineering
العدد
المجلد 2015، العدد 2015 (31 ديسمبر/كانون الأول 2015)، ص ص. 1-9، 9ص.
الناشر
Hindawi Publishing Corporation
تاريخ النشر
2015-10-19
دولة النشر
مصر
عدد الصفحات
9
التخصصات الرئيسية
الملخص EN
Concession period is an important decision-making variable for the investment and construction of public infrastructure projects.
However, we currently have few scientific methods to exactly determine the concession period.
This paper managed to seek out concession period decision models for public infrastructure with option game theory, studied the influence of minimum government income guarantee and government investment on concession period, and demonstrated those models in the formulas mentioned in the paper.
The research results showed that the increase of minimum government income guarantee value would shorten the concession period, while the increase of income volatility, that is, the uncertainty, would lengthen the concession period.
In terms of government investment, optimal concession period would lengthen to some extent with the increase of government investment ratio and the income and the decrease of its guarantee value.
Yet, optimal concession period would shorten in case of extreme highness of the government investment ratio due to its high guarantee value.
And the government would accordingly shorten the concession period in case of the unchanged government investment ratio with the increased income volatility and risks.
Still, the paper put forward the argument that the government would apply various guarantee methods and implement flexible concession period in accordance with the specific circumstances of public infrastructure projects.
نمط استشهاد جمعية علماء النفس الأمريكية (APA)
Wang, Zhi& Tan, Huan& Wang, Jing& Hu, Chunyan. 2015. Concession Period Decision Models for Public Infrastructure Projects Based on Option Games. Mathematical Problems in Engineering،Vol. 2015, no. 2015, pp.1-9.
https://search.emarefa.net/detail/BIM-1074421
نمط استشهاد الجمعية الأمريكية للغات الحديثة (MLA)
Wang, Zhi…[et al.]. Concession Period Decision Models for Public Infrastructure Projects Based on Option Games. Mathematical Problems in Engineering No. 2015 (2015), pp.1-9.
https://search.emarefa.net/detail/BIM-1074421
نمط استشهاد الجمعية الطبية الأمريكية (AMA)
Wang, Zhi& Tan, Huan& Wang, Jing& Hu, Chunyan. Concession Period Decision Models for Public Infrastructure Projects Based on Option Games. Mathematical Problems in Engineering. 2015. Vol. 2015, no. 2015, pp.1-9.
https://search.emarefa.net/detail/BIM-1074421
نوع البيانات
مقالات
لغة النص
الإنجليزية
الملاحظات
Includes bibliographical references
رقم السجل
BIM-1074421
قاعدة معامل التأثير والاستشهادات المرجعية العربي "ارسيف Arcif"
أضخم قاعدة بيانات عربية للاستشهادات المرجعية للمجلات العلمية المحكمة الصادرة في العالم العربي
تقوم هذه الخدمة بالتحقق من التشابه أو الانتحال في الأبحاث والمقالات العلمية والأطروحات الجامعية والكتب والأبحاث باللغة العربية، وتحديد درجة التشابه أو أصالة الأعمال البحثية وحماية ملكيتها الفكرية. تعرف اكثر