Performance Evaluation of Public-Private Partnership Projects from the Perspective of Efficiency, Economic, Effectiveness, and Equity: A Study of Residential Renovation Projects in China

Abstract

The performance evaluation index system was established on the basis of 4E (Efficiency, Economic, Effectiveness, Equity) theory to improve performance evaluation of Public-Private Partnership Projects for Residential Renovation (4P2R). Moreover, the index weighting model was demonstrated based on Ordered Weighted Averaging (OWA). Finally, the cloud model was used for performance evaluation, through the cloud uncertainty reasoning to determine the quantitative performance evaluation index value, the positive reverse cloud to calculate the qualitative performance evaluation index value, and the normal cloud to measure the project performance. The proof-of-concept application shows that the performance evaluation index system and evaluation model can better identify the deficiencies in the project, and provide targeted improvement measures for similar projects in the future.

Factors Affecting Local Governments’ Public–Private Partnership Adoption in Urban China

“…Governments, however, struggle to deliver the infrastructure by themselves to meet infrastructure demand [8]. The participation of private sectors can improve the efficiency and effectiveness of public service delivery and achieve the goal of sustainable development [24,25]. Thus, we have: Hypothesis 1 (H1).…”

Analysis of Features Affecting Contracted Rate of Return of Korean PPP Projects

“…The success of PPP could be guaranteed by identifying the key factors and their smooth implementation through project management process. It is to be noted that if project success indicators (or project performance measurement) [51][52][53][54][55][56] differ from project success factors, the former and latter refer to standards that evaluate success and events that contribute to success, respectively [51,52,57,58]. This study focuses on success factors than indicators evaluating the success.…”

A Study on Effectiveness Evaluation for the Physical Protection System of a High Security Prison Based on the Cloud Model

“…In the formula, is a constant, indicating the degree of ambiguity of certain comments, which can be determined based on historical data, or can be directly given by experts according to experience, while the value of cannot be too large, so as to avoid the error of being too large and the result being inaccurate. Based on relevant literature on risk assessment by the cloud model [20,21,28] and according to the effectiveness evaluation criteria for the physical protection system of a high security prison, this paper has set the ranks and corresponding scores of the comments as follows: low risk [0, 4], relatively low risk [4,6], medium risk [6,8], relatively high risk [8,9], and high risk [9,10], with the value of He being 0.03. According to this definition, this paper can obtain a table of digital characteristics for standard cloud models of risk (Table 2).…”

“…For example, Eric G. Lambert et al [6] made a detailed analysis which revealed that the effects of the personal variables were conditional on staff position; that is, irrespective of position, two of seven work environment variables studied were closely related to greater perceived risk of harm from the job; Jennifer Shea and Tory Taylor [7] posit that, without explicitly incorporating the assessments at the foundation of the Evaluation-led Learning framework, developing mental evaluation's ability to affect organizational learning in productive ways will likely be haphazard and limited. Some others advocate that the Cloud Model theory can be effectively applied into the assessment [8][9][10][11][12][13][14][15]. We know that, on the basis of traditional fuzzy mathematics and probability statistics, the cloud model organically combines fuzziness and randomness to establish a quality and quantity data conversion model, which realizes the natural conversion between qualitative linguistic values and quantitative values and objectively reflects the characteristics of the evaluated indices and makes the comprehensive evaluation of system effectiveness more objective.…”