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Project Selection of Government Guarantee in BOT/PPP Project Finance
Luoyang Institute of Science and Technology, Luoyang, China
- 1 Luoyang Institute of Science and Technology, Luoyang, China
American Journal of Industrial and Business Management·Volume 10 (2020)·Pages 1107–1120·Published 9 June 2020·DOI10.4236/ajibm.2020.106073
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Abstract
Based on multi-objective programming method, this paper reviews the previous research on the problem of government guarantees in the project financing, and puts forward the importance of the research on project selection of government guarantee in Build-Operate-Transfer (BOT) or Public Private Partnership (PPP) project finance. Through the analysis of the selection criteria of guarantee project, we find that the selection problem of government guarantee of BOT/PPP infrastructure projects is essentially a multi-objective decision problem. Moreover, we establish a chance-constrained objective programming model for the government to make the decision to guarantee project selection.
KeywordsBOT/PPP Project FinanceGovernment guaranteeProject SelectionMulti-Objective Chance-Constrained Programming Model
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