Contract renegotiation by an Italian wastewater utility: Action research to promote effective tariff revision

Guerrini, Andrea; Romano, Giulia

doi:10.1016/j.jup.2017.08.004

Cited by 9 publications

(2 citation statements)

References 17 publications

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“…According to Formula (5) and Definition 4, the structure element linear expression of the double-fuzzy Shapley value of the operational TOT project is:…”

Section: Rsm Of the Operational Tot Project Based On Double-fuzzy Shamentioning

confidence: 99%

“…This is achieved through deployment of the TOT model, which involves a private partner participating in the operations of the public service [2]. In this scenario, since the private partner is not a charitable body, it requires a 2 of 19 reasonable return on investment [3][4][5]. Indeed, the royalty fee of a TOT project acts as a substitute for investment cost [6].…”

Section: Introductionmentioning

confidence: 99%

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Developing a Revenue Sharing Method for an Operational Transfer-Operate-Transfer Project

Fang

et al. 2019

Sustainability

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The transfer-operate-transfer (TOT) project model is used widely as a commercial framework for public-private-partnerships to support provision of infrastructure and enable the delivery of services. However, operational delivery of such projects can encounter certain challenges, such as the need for improved revenue sharing between governmental and private partners. The purpose of this paper is to design a revenue sharing method (RSM) that satisfies the revenue-sharing forecast in the contract design stage and the realized revenue sharing in the contract execution period for an operational TOT project. This approach identifies the impact of external uncertainty and effort level as well as the input ratio on revenue sharing of participants, distributes and reasonably minimizes the project revenue uncertainty among the participants, and achieves an improved matching of the participants’ revenue sharing with their risk-sharing, resource input and effort level. The paper utilizes the fuzzy-payoffs Shapley value method for revenue distribution for an operational TOT project, where the fuzzy alliance and input ratio coefficient are adopted to gradually optimize the Shapley value and form the RSM of an operational TOT project. The RSM allows prediction of the revenue sharing of participations under uncertain conditions of project revenue and supports improved decision-making by participants.

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“…According to Formula (5) and Definition 4, the structure element linear expression of the double-fuzzy Shapley value of the operational TOT project is:…”

Section: Rsm Of the Operational Tot Project Based On Double-fuzzy Shamentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

Developing a Revenue Sharing Method for an Operational Transfer-Operate-Transfer Project

Fang

et al. 2019

Sustainability

View full text Add to dashboard Cite

show abstract

Fluctuation in construction costs and its effect on contract renegotiation behavior in PPP wastewater treatment projects: An evolutionary game analysis

Lin

Zhou

2021

Journal of Cleaner Production

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Regulation by contract: Overseeing PPPs

Marques

2018

Utilities Policy

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Contract renegotiation by an Italian wastewater utility: Action research to promote effective tariff revision

Cited by 9 publications

References 17 publications

Developing a Revenue Sharing Method for an Operational Transfer-Operate-Transfer Project

Developing a Revenue Sharing Method for an Operational Transfer-Operate-Transfer Project

Fluctuation in construction costs and its effect on contract renegotiation behavior in PPP wastewater treatment projects: An evolutionary game analysis

Regulation by contract: Overseeing PPPs

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