Operational risk allocation in urban rail transit public–private partnership projects

نویسندگان

چکیده

Operation risk (OR) has affected sustainable development of urban rail transit (URT) public–private partnership (PPP) projects in China. Balanced distribution operational risks among stakeholders (the public, government, and private companies) involved URT PPP can maximize overall profit. Quantitative analysis allocation project is the key to achieve balance. Few existing studies have quantitatively analyzed operation (ORA) project. The objective this research construct a quantitative model three participants by using cooperative game theory. was modified based on consideration four factors affecting risks: controllability, loss, affordability, handling cost. A case used as an empirical example, possible problems were illustrated. result shows it necessary feasible let public bear part raising ticket prices. results reveal that will play important role balancing allocation. This study ORA suggest how make process more reasonable, fair, stable. Meanwhile, approach proposed also be achieving fairness stability partnership.

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ژورنال

عنوان ژورنال: Frontiers in Environmental Science

سال: 2022

ISSN: ['2296-665X']

DOI: https://doi.org/10.3389/fenvs.2022.900322