Decision making Model and Analyses on Concession Term for BOT Projects by Stages

doi:10.3969/j.issn.0253-374x.2012.09.026

Home > Archive>Volume 40, Issue 9, 2012 >1434. DOI:10.3969/j.issn.0253-374x.2012.09.026

Decision making Model and Analyses on Concession Term for BOT Projects by Stages
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                        10.3969/j.issn.0253-374x.2012.09.026
                    
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Author:
                        ZHANG JunshengZHANG Junsheng
College of Economics and Management, Tongji Univerisity, Shanghai 200092, China
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WANG GuangbinWANG Guangbin
College of Economics and Management, Tongji Univerisity, Shanghai 200092, China
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Clc Number:F 282; F 294
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Abstract:

Assuming that the build operate transfer(BOT) projects be constructed by stages but transferred in the same time, a new decision making approach and model on concession term is presented based on real option. In order to preserve the profit of the government and construction quality of project, the approach to scientifically choose the concession term for BOT projects is analyzed in details. Finally, numerical experiment for practical engineer project further illustrates the proposed model is feasible and efficient.

Key words:build operate transfer(BOT) project; concession term; real option; by stages

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ZHANG Junsheng, WANG Guangbin. Decision making Model and Analyses on Concession Term for BOT Projects by Stages[J].同济大学学报(自然科学版),2012,40(9):1434~

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Received:August 03,2011
Revised:June 10,2012
Adopted:April 16,2012
Online: October 12,2012
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