Exploring the challenges in the development of retirement village homes through Public-Private Partnerships

Osei‐Kyei, Robert; Tam, Vivian W.Y.; Ma, Mingxue; Tijani, Bashir

doi:10.1007/s10901-022-09936-2

Cited by 3 publications

(4 citation statements)

References 42 publications

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“…It was highlighted that the top three critical success factors were transparency in procurement, communication between parties, and appropriate risk allocation. Osei-Kyei et al [34] looked into the critical indicators for the implementation of PPP in retirement village projects. They utilized Kendall's coefficient of concordance, mean score and one-way analysis of variance in their work.…”

Section: Reference Year Analysis Technique Significant Factors (F)/ob...mentioning

confidence: 99%

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An Integrated Multi-Criteria Decision Making Model for the Assessment of Public Private Partnerships in Transportation Projects

Mohammed Abdelkader,

Zayed,

El Fathali

et al. 2023

Mathematics

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Public–private partnership (PPP) infrastructure projects have attracted attention over the past few years. In this regard, the selection of private partners is an integral decision to ensure its success. The selection process needs to identify, scrutinize, and pre-qualify potential private partners that sustain the greatest potential in delivering the designated public–private partnership projects. To this end, this research paper proposes an integrated multi-criteria decision-making (MCDM) model for the purpose of selection of the best private partners in PPP projects. The developed model (HYBD_MCDM) is conceptualized based on two tiers of multi-criteria decision making. In the first tier, the fuzzy analytical network process (FANP) is exploited to scrutinize the relative importance of the priorities of the selection criteria of private partners. In this respect, the PPP selection criteria are categorized as safety, environmental, technical, financial, political policy, and managerial. In the second tier, a set of seven multi-criteria decision-making (MCDM) algorithms is leveraged to determine the best private partners to deliver PPP projects. These algorithms comprise the combined compromise solution (CoCoSo), simple weighted sum product (WISP), measurement alternatives and ranking according to compromise solution (MARCOS), combinative distance-based assessment (CODAS), weighted aggregate sum product assessment (WASPAS), technique for order of preference by similarity to ideal solution (TOPSIS), and FANP. Thereafter, the Copeland algorithm is deployed to amalgamate the obtained rankings from the seven MCDM algorithms. Four real-world case studies are analyzed to test the implementation and applicability of the developed integrated model. The results indicate that varying levels of importance were exhibited among the managerial, political, and safety and environmental criteria based on the nature of the infrastructure projects. Additionally, the financial and technical criteria were appended as the most important criteria across the different infrastructure projects. It can be argued that the developed model can guide executives of governments to appraise their partner’s ability to achieve their strategic objectives. It also sheds light on prospective private partners’ strengths, weaknesses, and capacities in an attempt to neutralize threats and exploit opportunities offered by today’s construction business market.

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Section: Reference Year Analysis Technique Significant Factors (F)/ob...mentioning

confidence: 99%

“…The next step is to compute the utility functions of each alternative (f(K i )), which is a trade-off value of the alternatives with respect to anti-ideal and ideal solutions. The utility functions of alternatives can be obtained using Equation (34).…”

Section: Marcosmentioning

confidence: 99%

An Integrated Multi-Criteria Decision Making Model for the Assessment of Public Private Partnerships in Transportation Projects

Mohammed Abdelkader,

Zayed,

El Fathali

et al. 2023

Mathematics

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“…Only in the US has the supply of retirement villages substantially increased. It is estimated that as many 20 per cent of older people in the US are living in retirement villages (Osei-Kyei et al 2022).…”

Section: International Comparisonsmentioning

confidence: 99%

“…The Australian Government and retirement villages for the purchase of land to stimulate market activity alongside a regulatory framework. Developers then use their resources to build and manage retirement villages (Osei-Kyei et al 2022). A recent example is the Winton Group's plans to build a NZ$250 million luxury development in Northbrook Otago.…”

Section: International Comparisonsmentioning

confidence: 99%

Business models, consumer experiences and regulation of retirement villages

Travers¹,

Liu²,

Cook³

et al. 2022

AHURI Final Report

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AHURIAHURI is a national independent research network with an expert not-for-profit research management company, AHURI Limited, at its centre. AHURI's mission is to deliver high quality research that influences policy development and practice change to improve the housing and urban environments of all Australians.Using high quality, independent evidence and through active, managed engagement, AHURI works to inform the policies and practices of governments and the housing and urban development industries, and stimulate debate in the broader Australian community. AHURI undertakes evidence-based policy development on a range of priority policy topics that are of interest to our audience groups, including housing and labour markets, urban growth and renewal, planning and infrastructure development, housing supply and affordability, homelessness, economic productivity, and social cohesion and wellbeing. AHURI Limited also gratefully acknowledges the contributions, both financial and in-kind, of its university research partners who have helped make the completion of this material possible. DisclaimerThe opinions in this report reflect the views of the authors and do not necessarily reflect those of AHURI Limited, its Board, its funding organisations or Inquiry Panel members. No responsibility is accepted by AHURI Limited, its Board or funders for the accuracy or omission of any statement, opinion, advice or information in this publication. AHURI journalAHURI Final Report journal series is a refereed series presenting the results of original research to a diverse readership of policy makers, researchers and practitioners. Peer review statementAn objective assessment of reports published in the AHURI journal series by carefully selected experts in the field ensures that material published is of the highest quality. The AHURI journal series employs a double-blind peer review of the full report, where anonymity is strictly observed between authors and referees.

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U-develop: people, public and private partnerships for community empowerment in Cibangkong, Indonesia low-income housing rejuvenation

Permana,

Winarso

2024

J Hous and the Built Environ

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Exploring the challenges in the development of retirement village homes through Public-Private Partnerships

Cited by 3 publications

References 42 publications

An Integrated Multi-Criteria Decision Making Model for the Assessment of Public Private Partnerships in Transportation Projects

An Integrated Multi-Criteria Decision Making Model for the Assessment of Public Private Partnerships in Transportation Projects

Business models, consumer experiences and regulation of retirement villages

U-develop: people, public and private partnerships for community empowerment in Cibangkong, Indonesia low-income housing rejuvenation

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