A Study on the Decision-Making Model in Public-Private Partnership ——Illustrated by the Case of Yangjiaxi Sewage Treatemnt Plant in Zhangjiajie [an error occurred while processing this directive]
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Economic Survey  2016, Vol. 33 Issue (5): 096    DOI:
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A Study on the Decision-Making Model in Public-Private Partnership ——Illustrated by the Case of Yangjiaxi Sewage Treatemnt Plant in Zhangjiajie
GAO Jing-yan
North China University of Water Resources and Electric Power, Zhengzhou 450046, China
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Abstract This paper aims at problems in Public-Private Partnership (PPP) such as the large scale, long payback periods and high risks and the limited participation of private capital, and centers on the decision-making model of PPP based on compound real options from the perspective of private capital, thus exploits the example of Yangjiaxi Sewage Treatment Plant Project in Zhangjiajie City. Results show that new model minimizes uncertainty and improves private capital participation, while increasing management flexibility and rendering the decision-making process more scientific.
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GAO Jing-Yan
Key wordsPublic-Private Partnership   Decision-Making Model   Compound Read Options     
Received: 2016-11-02
ZTFLH:  F283  
Cite this article:   
GAO Jing-Yan. A Study on the Decision-Making Model in Public-Private Partnership ——Illustrated by the Case of Yangjiaxi Sewage Treatemnt Plant in Zhangjiajie. Economic Survey, 2016, 33(5): 096.
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http://www.jjjw.org.cn/CN/Y2016/V33/I5/096
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