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Al-Mhdawi, M K S (2022) Risk management of construction projects under extreme conditions: a case study of Iraq, Unpublished PhD Thesis, , University of Southampton.
Al-Sasi, B O (2007) A lean approach to capacity management in construction, Unpublished PhD Thesis, , University of Southampton.
Alfadhli, A (2013) Does the alternative dispute resolution have a role to play in the construction industry in the State of Kuwait?: look into the most appropriate methodology that may be taken in Kuwait in comparison with what are available in the English legal system, Unpublished PhD Thesis, Law School , University of Southampton.
Almeile, A M (2021) The role of political and economic stability on the success of public-private partnership (PPP) construction projects from a project management perspective, Unpublished PhD Thesis, , University of Southampton.
Baker, T O (2021) An investigation into pricing anomalies and the influence of information processing constraints on forecasts derived from sports betting markets, Unpublished PhD Thesis, , University of Southampton.
Bakhoum, E S H (2011) A decision support system for evaluation and selection of structural materials on a sustainability basis, Unpublished PhD Thesis, Civil Engineering, University of Southampton.
Barr, D W J (2004) The department of trade and industry key performance indicators: A critical appraisal, Unpublished PhD Thesis, , University of Southampton.
Brown, D C (2003) A methodology for selecting the construction team, Unpublished PhD Thesis, , University of Southampton.
Buckingham, H (2010) Accommodating change? An investigation of the impacts of government contracting processes on third sector providers of homelessness services in South East England, Unpublished PhD Thesis, School of Social Sciences , University of Southampton.
Curtis, B (1994) Roles, responsibilities and risks in management contracts, Unpublished PhD Thesis, , University of Southampton.
Day, K D (1989) The administration of the 'botched' FIDIC contract: the problems arising out of the administration of a wrongly 'slanted' contract for turnkey projects, Unpublished PhD Thesis, , University of Southampton.
Fernandes, A G G (2014) Improving and embedding project management practice in organisations, Unpublished PhD Thesis, , University of Southampton.
Gul, S (2012) The role of conflict & negotiation in the complexity of projects, Unpublished PhD Thesis, , University of Southampton.
Jang, S G (2011) A concessionaire selection decision model: development and application for the PPP project procurement, Unpublished PhD Thesis, School of Management , University of Southampton.
- Type: Thesis
- Keywords: bidding; build-operate-transfer; concession; infrastructure project; life cycle; net present value; project risk management
- ISBN/ISSN:
- URL: https://eprints.soton.ac.uk/192983/
- Abstract:
The public-private partnership (PPP) arrangements require the optimization of risk allocation between the public and private sectors in order to achieve the best net present value (NPV). Many researchers mentioned that the risk events of a PPP infrastructure projects are interdependent over project life cycle. Sterman (1992) stated that a large-scale construction project that is complex and has highly dynamic and interdependent risks and uncertainties over long-term project life cycle. Williams (2002) also mentioned that the risk usually interact each other with nonlinear relationships over time in a complex project. Dey and Ogunlana (2004) contended that there is a need to analyze risk interactions of complex infrastructure projects such as build-operate-transfer (BOT) projects over their long-term project life. In modern approaches to PPP project risk management, experts assume risk factors are independent and ignore the risk interaction effects over project life cycle, so the project risks cannot be effectively managed and controlled. The researcher proposed a modelling approach that used a risk network model applying System Dynamics (SD) techniques to estimate risk interaction effects on project NPV over time. The researcher used another SD model built on the risk network model to estimate the beneficial effects of bidding proposals on project NPV over time and to see how efficiently the risk effects can be reduced and the NPV performance can be improved. Then, the researcher applied appropriate stochastic analyses including mean-variance, mean semi-variance, stochastic dominance and expected-loss ratio to compare range values of NPV among different bidding proposals. A capable PPP concessionaire with the best project NPV performance can hence be selected. An industry case was applied to demonstrate SD decision models. The SD decision models have been validated through the behaviour reproduction test and multivariate sensitivity analysis. This proved that the proposed approach is robust and applicable to address real world problems to evaluate the longterm performance of a PPP project concessionaire
Jones, B K (1998) A model for collaborative engineering the construction industry, Unpublished PhD Thesis, , University of Southampton.
Ludlow, J E (1976) Assessment and prediction of noise from construction sites, Unpublished PhD Thesis, , University of Southampton.
Moustafa, I M M (2001) A decision support system for the selection of the optimum contractor, Unpublished PhD Thesis, , University of Southampton.
Park, J (2011) Best-value in Korean public building construction, Unpublished PhD Thesis, School of Management , University of Southampton.
Rempelos, G (2023) A whole life carbon model for railway track system interventions, Unpublished PhD Thesis, , University of Southampton.
Riley, M J (2001) Re-engineering the construction procurement process, Unpublished PhD Thesis, , University of Southampton.