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Ahn, S and Lee, S (2015) Methodology for Creating Empirically Supported Agent-Based Simulation with Survey Data for Studying Group Behavior of Construction Workers. Journal of Construction Engineering and Management, 141(01).

Arroyo, P, Tommelein, I D and Ballard, G (2015) Comparing AHP and CBA as Decision Methods to Resolve the Choosing Problem in Detailed Design. Journal of Construction Engineering and Management, 141(01).

Borg, L and Song, H (2015) Quality Change and Implications for Productivity Development: Housing Construction in Sweden 1990–2010. Journal of Construction Engineering and Management, 141(01).

Caldas, C H, Kim, J, Haas, C T, Goodrum, P M and Zhang, D (2015) Method to Assess the Level of Implementation of Productivity Practices on Industrial Projects. Journal of Construction Engineering and Management, 141(01).

Castillo, G, Alarcón, L F and González, V A (2015) Implementing Lean Production in Copper Mining Development Projects: Case Study. Journal of Construction Engineering and Management, 141(01).

Goh, Y M (2015) Empirical Investigation of the Average Deployment Force of Personal Fall-Arrest Energy Absorbers. Journal of Construction Engineering and Management, 141(01).

Ha, S K, Jang, J G, Park, S H and Lee, H K (2015) Advanced Spray Multiple Layup Process for Quality Control of Sprayed FRP Composites Used to Retrofit Concrete Structures. Journal of Construction Engineering and Management, 141(01).

Hu, H and Zhu, Y (2015) Social Welfare–Based Concession Model for Build/Operate/Transfer Contracts. Journal of Construction Engineering and Management, 141(01).

  • Type: Journal Article
  • Keywords: Build/operate/transfer; Infrastructure; Concession period; Social welfare; Pricing; Project management;
  • ISBN/ISSN: 0733-9364
  • URL: https://doi.org/10.1061/(ASCE)CO.1943-7862.0000920
  • Abstract:
    The concession period is one of the critical factors in the arrangement of a build-operate-transfer contract. For infrastructure that has major strategic, economic, and social effects, the concession period should balance the interests among the private investors, the government, and the users. However, existing research has more frequently discussed economic benefits rather than social welfare. In this regard, this paper proposes an improved model based on the traditional concession model by taking into account the case that the government might lower the service price in the posttransfer period to increase social welfare. This paper also introduces the optimal pricing methods for both concession and posttransfer period. The proposed methodology suggests a narrower concession interval, which helps improve the negotiation efficiency between the government and the private investor to a certain extent. The application of the proposed model is demonstrated by a case study of Western Harbor Tunnel in Hong Kong, and the outcome shows that a significant improvement was made when taking into account social welfare.

Inayat, A, Melhem, H and Esmaeily, A (2015) Critical Success Factors in an Agency Construction Management Environment. Journal of Construction Engineering and Management, 141(01).

Matthews, J C and Stowe, R (2015) Critical Data Needs Associated with Asbestos Cement Pipe Renewal Methods. Journal of Construction Engineering and Management, 141(01).

Patel, D A and Jha, K N (2015) Neural Network Model for the Prediction of Safe Work Behavior in Construction Projects. Journal of Construction Engineering and Management, 141(01).

Roofigari-Esfahan, N, Paez, A and N.Razavi, S (2015) Location-Aware Scheduling and Control of Linear Projects: Introducing Space-Time Float Prisms. Journal of Construction Engineering and Management, 141(01).

Younes, B, Bouferguène, A, Al-Hussein, M and Yu, H (2015) Overdue Invoice Management: Markov Chain Approach. Journal of Construction Engineering and Management, 141(01).