The Optimal Concession Period in the Built-Operate-Transfer Project

摘要：

Built-operate-transfer (BOT) is becoming an increasingly popular option of project delivery, and the concession period is a key decision faced by both the government and private investor. Therefore, this paper aims to optimize the concession period in the BOT project by using net present value (NPV). Due to the difficulties in estimating the long-term uncertainties, this paper develops a Monte Carlo simulation model to reveal the relationship between the uncertainties and concession period. At the end, a numerical example is given to provide the optimal concession period.

关键词： BOT concession period net present value monte carlo

作者: Fan Ruizheng Wan Li

作者单位: School of Management,Huazhong University of Science and Technology Wuhan, China,Henan Transportation School of Management,Huazhong University of Science and Technology Wuhan, China

会议类型: 国际会议

会议名称: 2010 International Conference on Management of e-Commerce and e-Government(第四届电子商务与电子政务管理国际会议 ICMeCG 2010)

会议地点: 成都

会议语种:英文

页码: 223-227

在线出版日期: 2010-10-23（万方平台首次上网日期，不代表论文的发表时间）