Construction and application of risk assessment system for environmental PPP projects

Yin, Jian; Bai, Xue; Yuan, Meng

doi:10.1088/1755-1315/242/5/052005

Cited by 1 publication

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“…Many PPP projects fail when private enterprises take too many risks due to inaccurate risk assessment. To maintain sustainable development of water environmental treatment PPP projects, it is of great significance to assess the project risk scientifically and accurately [8].…”

Section: Introductionmentioning

confidence: 99%

Risk Assessment of Water Environment Treatment PPP Projects Based on a Cloud Model

Zhang

et al. 2021

Discrete Dynamics in Nature and Society

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Risk assessment of public-private partnership projects has been recently acknowledged as a crucial issue in infrastructure projects. Objective assessment of risk status is conducive to the establishment of scientific and reasonable management measures. The particularity of evaluating water environment treatment PPP projects means that random errors in the evaluation index and the threshold fuzziness of evaluation degrees are issues that require attention. This paper uses the Pythagorean fuzzy cloud model to process the randomness and fuzziness of the indicators. This study assessed the risks of an iconic water environment treatment PPP project inn mid-China. The risk ranks were evaluated in terms of five dimensions: political, economic, construction completion, operational, and ecological. Moreover, the results of the evaluation were compared with results derived using a regular cloud model. It was found that the Pythagorean fuzzy cloud model produced results consistent with the regular method, while also having the advantage of reflecting the randomness and fuzziness of the evaluation indicators. According to the evaluation data in this case, the project risks were ranked as follows: political > construction completion > operational > ecological > economic. The overall project risk was medium. This study’s results could provide technical support for water treatment PPP project risk assessment, indicator measurement, and statistical error control.

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Section: Introductionmentioning

confidence: 99%

Risk Assessment of Water Environment Treatment PPP Projects Based on a Cloud Model

Zhang

et al. 2021

Discrete Dynamics in Nature and Society

View full text Add to dashboard Cite

show abstract

Construction and application of risk assessment system for environmental PPP projects

Cited by 1 publication

References 3 publications

Risk Assessment of Water Environment Treatment PPP Projects Based on a Cloud Model

Risk Assessment of Water Environment Treatment PPP Projects Based on a Cloud Model

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