A Study on the Decision-Making Model in Public-Private Partnership ——Illustrated by the Case of Yangjiaxi Sewage Treatemnt Plant in Zhangjiajie
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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.
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.
2016, Vol. 33 
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