Abstract
This chapter discusses financial criteria of build-operate-transfer (BOT) projects from the public and the private sectors. The private sector includes sponsor companies, contractors, lenders and investors. Depending on the size and complexity of the BOT transportation projects in Taiwan, the financing phases of projects are divided into six segments for discussion. They are “lifetime phase”, “development phase”, “contract specified phase”, “construction phase”, “operation phase” and “transfer phase”. To choose theoretical financial criteria of the BOT projects in uncertain situations, this chapter suggests a two-stage selection procedure:
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(1)
Selecting criteria: we employ the “fuzzy Delphi method via fuzzy integration” to expert advice to select twenty-two important criteria.
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(2)
Estimating the weight of the segments and criteria: we use the “fuzzy analytic hierarchy process” to manage the uncertainty in the decision environments and to calculate the relative importance of segments and criteria. The results show that the public and private sectors weigh segments and criteria differently which is helpful when trying to understand their distinct concerns.
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Cheng, JH. (2003). A View of Public and Private Sectors for Taiwan’s BOT Project Financing Using Fuzzy Multi-Criteria Methods. In: Yu, X., Kacprzyk, J. (eds) Applied Decision Support with Soft Computing. Studies in Fuzziness and Soft Computing, vol 124. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-540-37008-6_7
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DOI: https://doi.org/10.1007/978-3-540-37008-6_7
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