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Trans. Planning Journal
| Title | The Risk Measurement of the BOT Projects under Interactive Utility among the Negotiators |
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| Author | Cheng-Min Feng, Chao-Chung Kang |
| Summary | The purpose of this paper is to measure the risk of BOT projects when there is interactive relationship among the negotiators. Based on the utility theorem and the weak separability theorem, a dynamic programming of the risk measurement model is developed to simulate the utility dependent behavior among the negotiators. The results of numerical examples show that the interactive relationship of negotiators increases when the sum of interactive utility value is near 1. Otherwise, the interactive relationship of negotiators becomes independent when the sum of interactive utility value is 0. The algorithm of the model can be converged when the difference value between negotiator’s utility is small, and the discussion frequency increases when the difference value between negotiator’s utility becomes large. It shows that the group utility model and iterative algorithm in this paper can be applied to analyze the interactive behavior and risk measurement in BOT projects. |
| Vol. | 30 |
| No. | 3 |
| Page | 481 |
| Year | 2001 |
| Month | 9 |
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