Concession period optimisation in complex projects under uncertainty: a public-private partnership perspective

• Main Authors: Guo, Kai, Zhang, Limao, Wang, Tao
• Other Authors: School of Civil and Environmental Engineering
• Format: Article
• Language: English
• Published: 2022
• Subjects: Engineering::Civil engineering; Concession Period; Optimal Design
• Online Access: https://hdl.handle.net/10356/159895
• Institution: Nanyang Technological University

Concession period is decisive in public–private partnership (PPP) projects, particularly for complex projects. A systematic approach incorporating real option analysis (ROA) is proposed to optimise the concession under uncertainty. Options are explored to manage uncertainty in the long concession of...