Risk Identification and Assessment in PPP Infrastructure Projects using Fuzzy Analytical Hierarchy Process and Life-Cycle Methodology
Akintoye A., Craig T & Eamon F, (1998), Risk analysis and management of Private Finance Initiative projects, Engineering, construction and Management 5/1, 9-21.
Al-Bahar J. F. (1989), Risk Management in Construction Projects: a systematic Analytical Approach for Contractors. PhD Thesis, University of California, Berkeley, pp 6-27
Asenova D., Beck M, (2003), A financial perspective on risk management in public-private partnership, PUBLIC-PRIVATE PARTNERSHIPS edited by Akintoye et al, Blackwell Science
AS/NZS 4360 (2004), Australia/New Zealand standard on risk management, Standards Australia and Standards New Zealand.
Australian Government Department of Finance and Administration (2005), Public Private Partnerships Guidelines: Commonwealth Policy Principles for the Use of Private Financing Risk Management (Finance Management Guidance No. 18), May 2005, Commonwealth Australia, 56 pp.
Batley R. (1996), Public-Private relationships and performance in service provision. Urban Studies, 33(4-5), 723-751
Briefing, 2005. Government Guidelines for PPPs Lunched", The Building Economist, June, pp. 2-5."
Buckley, J. J. (1985). Fuzzy, Hierarchical Analysis." Fuzzy Sets and Systems 17, 233-247." http://dx.doi.org/10.1016/0165-0114(85)90090-9
Brent A. C., Rogers E.C. D., Ramabitsa-Siimane S. M. T. and Rohwer B. M. (2007), Application of the analytical hierarchy process to establish health care waste management systems that minimise infection risks in developing countries", European Journal of Operational Research, 181: 403-424." http://dx.doi.org/10.1016/j.ejor.2006.06.015
Cartlidge, D. (2006), Public Private Partnerships in Construction", Taylor & Francis, London."
Cheng, X. H. (2005). A research based on fuzzy AHP for multi-criteria supplier selection in supply chain." master degree thesis of Taiwan National Science and Technology University"
Cheng, C.H., Yang, K.L., & Wang, C.L., (1999) 'Evaluation attack helicopters by AHP based on linguistic variable weights', European Journal of Operational Research, 116:423-435. http://dx.doi.org/10.1016/S0377-2217(98)00156-8
Darvish H., Zou P.X.W. Loosemore M. and Zhang GM. (2006) Risk management, balance of interest and value for money for PPP projects: literature review and case studies, Proceeding of CRIOCM2006 International research symposium on Advancement of construction management and real estate, 3 â 5 Nov, 2006, Beijing China, pp 546~557
Deng, H. P. (1999). Multicriteria analysis with fuzzy pairwise comparison." International Journal of Approximate Reasoning 21, 215231." http://dx.doi.org/10.1016/S0888-613X(99)00025-0
Dey K. P. and Ogunlana O. S. (2004), Selection and application of risk management tools and techniques for build-operate-transfer projects, Industrial Management & Data System, 104, 4. 2004. pp. 334-346
Ezekiel and Alasdair (2003), A construction perspective on risk management in public-private partnership, the 5th chapter of Public Private Partnership, Blackwell Science
Flanagan, R. and Norman, G. (1993). Risk management and construction." Blackwell Science"
Fischer K, Jungbecker A, Alfen W. H. (2006), The emergence of PPP Task Forces and their influence on project delivery in Germany, International Journal of Project Management 24 539â547
Gidman P., Blore I., Lorentzen J. & Schuttenbelt P. (1998), Public-Private Partnership in Urban Infrastructure Services. UMP Working Paper Series 4, Nairobi: UNDP/Habitat/Word Bank. pp. 12-36, http://www.ndp.org/pppue/.
Grimsey, D. and Lewis, M.K., (2002) 'Evaluating the risks of public private partnerships for infrastructure projects', International Journal of Project Management, 20:107-118. http://dx.doi.org/10.1016/S0263-7863(00)00040-5
Ho, W., (2007) 'Integrated analytical hierarchy process and its applications â A literature review', European Journal of Operational Research, doi:10.1016/j.ejor.2007.01.004. http://dx.doi.org/10.1016/j.ejor.2007.01.004
Kang, H.Y., and Lee, A.H.I., (2007) 'Priority mix planning for semiconductor fabrication by fuzzy ranking', Expert Systems with Applications, 32:560-470. http://dx.doi.org/10.1016/j.eswa.2006.01.035
Kim K. H. (1997), Improving local government finance in a changing environment. Habitat International, 21(1), 17-28
Lemos T., Eaton D., Betts M, Almeida L T (2004), Risk management in the Lusoponte concession-a case study of the two bridges in Lisbon, Portugal, International Journal of Project Management 22 63-73;
Li B., Akintoye A., Edwards P.J., Hardcastle C.(2005) The allocation of risk in PPP/PFI construction projects in the UK, International Journal of Project Management 23) 25-35;
Jones A. G., Pisa A. R., (2000), Public private partnerships for urban land development in Mexico: a victory for hope versus expectation, Habitat International 24 1-18
Morgan, P. (1998). Background paper on capacity development and public private partnerships." Mimeography"
Nigim, K.N., Suryanarayanan, S., Gorur, R. and Farmer, R.G., (2003), 'The application of analytical hierarchy process to analyze the impact of hidden failures in special protection schemes', Electric Power System Research, 67:191-196. http://dx.doi.org/10.1016/S0378-7796(03)00127-5
Payne G. (1999), Public/Private partnerships in land for housing, In G. Payne, Making common ground: public/private partnerships in the provision of land for housing, (pp. 1-16). London: Intermediate Technology Publications
PMBOK (2004), A Guide to the Project Management Body of Knowledge, pp, 111-122, Project Management Institute, PMBOK, USA
Raftery, J. (1994). Risk Analysis in Project Management." London: E & FN Spon"
Reijniers, J.J.A.M., 1994. Organization of Public-Private Partnership Projects: The Timely Prevention of Pitfalls", International Journal of Project Management, 12(3), pp. 137-142."
Saaty, T.L., (1980) The Analytic Hierarchy Process, McGraw-Hill, New York
Saaty, T.L., (1982) Decision Making for Leaders. Lifetime Learning Publications, Belmont, California
Salman, A. F.M, Skibniewski, M. J., Basha, I. (2007). BOT viability model for large-scale infrastructure projects." Journal of Construction Engineering and Management, ASCE / January"
Singh, L. B., Kalidindi, S. N. (2006). Traffic revenue risk management through Annuity Model of PPP road projects in India." International Journal of Project Management, 24, 605-613;"
Spackman, M., (2002). Public-Private Partnerships: Lessons from the British Approach", Economic Systems, Vol. 26, pp. 283-301." http://dx.doi.org/10.1016/S0939-3625(02)00048-1
UNCHS (1993), Public/private partnership in enabling shelter strategies. UNCHS
Wang L.L. (2006), Such a thorny rose â interview with the famous BOT expert
Professor Wang SQ, Construction Enterprise Management, Jun. (214), pp. 2~4
Wang S.Q. et al, (2000) Evaluation and management of foreign Exchange and revenue risks in China's BOT projects, Construction Management and Economics 18, 197-207;
Wang, Y.M., Luo, Y. and Hua, Z.S., (2007) 'On the extent analysis method for fuzzy AHP and its applications', European Journal of Operational Research, http://dx.doi.org/10.1016/j.ejor.2007.01.050
Zhang, Z. Y. (1991). The Introduction of Fuzzy Mathematics and its application in Construction Management (in Chinese). Bei Jing: China Architecture & Building Press
Zhang, X., 2005. Critical Success Factors for Public-Private Partnerships in Infrastructure Development", Journal of Construction Engineering and Management, 131(1), pp. 314."
Zhang, G.M. and Zou, P. X. W. (2007). Fuzzy Analytical Hierarchy Process Risk Assessment Approach for Joint Venture Construction Projects in China." Journal of Construction and Management, ASCE, October"
Zou. P.X.W., Zhang, G.M. and Wang, J.Y., (2006) 'Identifying Key Risks in Construction Projects: Life Cycle and Stakeholder Perspectives', in proceedings of PRRES Conference, The University of Auckland Business School, New Zealand, 22-25 January, <http://www.prres.net/index.htm?http:/ /www.prres.net/proceedings/2006p proceedings. asp> (22 April, 2007)
Zou. P.X.W., Zhang, G.M. and Wang, J.Y., (2007) 'Understanding the key risks in construction projects in China', International Journal of Project Management 25 (2007) 601â614. http://dx.doi.org/10.1016/j.ijproman.2007.03.001
Share this article:
This work is licensed under a Creative Commons Attribution 4.0 International License.