Simulation-based dynamic adjustments of prices and subsidies for transportation PPP projects based on stakeholders’ satisfaction

Yuan, Jingfeng; Ji, Wenying; Guo, Jiyue; Skibniewski, Mirosław J.

doi:10.1007/s11116-018-9940-1

Cited by 21 publications

(20 citation statements)

References 51 publications

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“…Therefore, it has been widely applied in construction management studies, including PPPs, e.g. Yuan and Wang (2014); Sing et al , (2016); Sing et al , (2019); Yuan et al , (2019). The CLDs developed in this study are robust in providing the decision-makers of private entities that will be or are embarking on PPPs with a consolidated assistance in understanding how to effectively hedge or manage political risks to enable project success.…”

Section: Methodsmentioning

confidence: 99%

Public–private partnerships: implications from policy changes for practice in managing risks

Liu

Sing

et al. 2020

ECAM

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PurposeThis paper investigates the policy changes made towards infrastructure public–private partnerships (PPPs). The purpose of this study is to empirically identify the policy risks associated with the development of PPPs and to assess their impacts on the projects.Design/methodology/approachA case study of the policy changes that have been implemented for PPPs in China over the past seven years has been undertaken and is presented in this study. The causal loop diagrams are applied to assess and illustrate the potential impacts of the risks as a result of such changes on PPPs.FindingsA sequence of the policy risks, which relate to PPP risk allocation, contract management and implementation, payment and abatement mechanisms and financing, has been identified. It is also found that the identified risks will generate significant but negative impacts on PPPs, leading to an ineffective project delivery, low revenue, poor service quality and even contract breach.Practical implicationsThis research provides the private-sector entities that will embark on PPPs with an insight into managing and controlling policy risks over the project's lifecycle.Originality/valuePPPs have been critical for infrastructure development worldwide. Nevertheless, they have been a controversy, as many of them were subjected to poor outputs. Consequently, a variety of political mechanisms has been implemented to enhance the governance for PPPs. Policy can bring not only benefits but also risks and, however, policy risks of PPPs with a particular assessment for their potential impacts have received limited attention. Therefore, the study presented in this paper will contribute to the identification and assessment of policy risks within the context of PPPs.

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Section: Methodsmentioning

confidence: 99%

Public–private partnerships: implications from policy changes for practice in managing risks

Liu

Sing

et al. 2020

ECAM

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“…Customers perceive that they gain more valuable services through being better understood and respected by companies with a strong SR record [42]. Specifically, the passenger's perceived value of PPP URT projects involves initial factors that affect passenger satisfaction stemming from the contrast between the passenger costs and received service [8,52]. Passenger perception of project SR effort is assumed to be the antecedent cause of the perceived value of PPP URT projects, and user satisfaction is a consequence of perceived value [7,23].…”

Section: Mediating Role Of Perceived Valuementioning

confidence: 99%

The Influence of Passengers’ Perceived Social Responsibility Efforts on Their Satisfaction in Public-Private-Partnership Urban Rail Transit Projects

Cui

Liu

et al. 2021

Sustainability

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With the rapid development of public-private-partnership (PPP) urban rail transit (URT) projects in China, their social responsibility (SR) is considered to provide a useful way of guaranteeing passengers’ rights and to help urban sustainable development. However, what remains largely unknown is how passengers’ perceptions of the SR effort of such projects’ influences their satisfaction. To bridge this knowledge gap, the current study first proposes a conceptual model based on social responsibility and satisfaction theories. Hypotheses are then tested through bootstrapping analysis based on data drawn from a questionnaire survey of 436 residents from three typical PPP URT projects. The results show that the relationship between the passengers’ perceived SR effort and their satisfaction with PPP URT projects is sequentially and doubly mediated by perceived quality and perceived value. The findings contribute to the current body of knowledge in social responsibility and user satisfaction by introducing passenger-perceived SR effort as an antecedent factor, and offer valuable practical and managerial implications for the projects’ operation management to help promote urban sustainability.

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“…The sustainability of PPP indicates the sustainable implementation of PPP projects and regional social sustainability (Yuan et al , 2019a, b). The PPP Institute of Chinese Academy of Fiscal Sciences (CAFS) innovatively proposed ADP, in which private sectors establish a long-term cooperation relationship with governments, and provide comprehensive development services, such as infrastructure and urban operation, with industrial development services as the core (CAFS, 2019).…”

Section: Future Research Directionsmentioning

confidence: 99%

“…Therefore, satisfaction life-cycle management of tripartite stakeholders is also significant other than the tender stage. In addition, Yuan et al (2019a, b) established a dynamic price and subsidy adjustment model based on stakeholder satisfaction, which is beneficial for balancing tripartite satisfaction. However, this model is only applicable to transportation PPP projects.…”

Section: Future Research Directionsmentioning

confidence: 99%

Systematic analysis of PPP research in construction journals: from 2009 to 2019

Zhang

Luo

Shan

et al. 2020

ECAM

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PurposeThe aims of this study are to conduct a systematic review of public–private partnership (PPP) studies published from 2009 to 2019, to compare the results with Ke et al. (2009) who reviewed the PPP literature published from 1998 to 2008, and to trace the evolution of the PPP knowledge in the past two decades. This study also presents the possible directions that the PPP research may go towards in the future, arguably.Design/methodology/approachThis study carried out a top journal-based search to identify the quality PPP articles published from 2009 to 2019. A total of 12 top-tier construction journals were systematically searched in the database of web of science (WOS), from which 279 PPP articles were identified for review.FindingsThe number of the identified articles, the titles of the journals, institutions, the most cited papers, and prevalent research methods were analyzed and compared. The existing PPP studies in construction journals were classified into seven streams. Through analysis of the PPP research status and gaps, five future research directions were revealed.Originality/valueThis study contributes to the current body of knowledge by revealing the research trend of PPP from 2009 to 2019. It presents the change of PPP development trend in the past decade through comparison with Ke et al. (2009). It also reveals the major research streams and points out the directions that the PPP research may go towards in the future. Moreover, this study is helpful to the practice as well. It can enhance the practitioners' understanding of the PPP development in the past decade. In addition, it identified the research institutions contributing the most in the area of PPP, which may serve as valuable reference for practitioners to locate the best institutions for consultancy or collaboration.

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Simulation-based dynamic adjustments of prices and subsidies for transportation PPP projects based on stakeholders’ satisfaction

Cited by 21 publications

References 51 publications

Public–private partnerships: implications from policy changes for practice in managing risks

Public–private partnerships: implications from policy changes for practice in managing risks

The Influence of Passengers’ Perceived Social Responsibility Efforts on Their Satisfaction in Public-Private-Partnership Urban Rail Transit Projects

Systematic analysis of PPP research in construction journals: from 2009 to 2019

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