Multi-Criteria Decision Model for BOT Project Selection: The Case Study of Sewerage System Plan in Taiwan
Due to many disadvantages resulting from limited government budget and time, the increasing infrastructure projects via build-operate-transfer (BOT) model has been a significant factor affecting the economic developments in many countries. However, as BOT projects usually induce huge capital investments, government sectors must evaluate the project feasibility in advance for selecting appropriate projects to be implemented according to the local governments financial ability and construction efficiency. Therefore, how to establish an objective model which can comprehensively assess the feasibility of each BOT project has become an important issue. This paper incorporates Analytical Hierarchy Process and Utility Theory to develop a multi-criteria decision model for supporting the selection of BOT projects. The proposed model enables decision makers to evaluate BOT projects and handle the project risk systematically. A case study is provided to demonstrate that the implementation of the proposed model can effectively help decisionmaking teams participate in economical evaluations so that the feasibility of as-planed BOT projects can be determined and project priority can be set efficiently.
BOT utility AHP multi-criteria decision making evaluation decision support
Min-Ren Yan Bang-Lee Chang
Department of Business Administration, Chinese Culture University, No. 231, Sec. 2, Jianguo S.Rd., D Graduate Institute of Architecture and Urban Planning, Chinese Culture University, Taiwan
国际会议
The 1st International Conference on Sustainable Construction & Risk Management(首届可持续建设与风险管理国际会议)
重庆
英文
245-249
2010-06-12（万方平台首次上网日期，不代表论文的发表时间）