The Research of Concessionaire Selection Based on an Improved Lowest Tariff Decision Model

Author

Weihua Yang ; Xuan Huang

Author_Institution

Sch. of Manage., Dalian Polytech. Univ., Dalian, China

Volume

2

fYear

2013

fDate

28-29 Oct. 2013

Firstpage

399

Lastpage

402

Abstract

BOT projects have been widely used in the past twenty years in the construction of infrastructure projects. Choosing a suitable concessionaire is the key of the project. Based on Particle Swarm Optimization, The study develops an improved lowest tariff decision model for choosing the best concessionaire. The model and algorithm demonstrate with a numerical example of a toll expressway BOT project. The solution derived from the concessionaire decision model can be helpful to develop infrastructure projects by BOT concession successfully.

Keywords

construction industry; decision theory; particle swarm optimisation; project management; road building; BOT concession; concessionaire decision model; concessionaire selection; improved lowest tariff decision model; infrastructure project construction; infrastructure project development; numerical example; particle swarm optimization; toll expressway BOT project; Birds; Contracts; Government; Maintenance engineering; Numerical models; Optimization; Particle swarm optimization; Particle Swarm Optimization; concessionaire; the lowest tariff decision model;

fLanguage

English

Publisher

ieee

Conference_Titel

Computational Intelligence and Design (ISCID), 2013 Sixth International Symposium on

Conference_Location

Hangzhou

Type

conf

DOI

10.1109/ISCID.2013.212

Filename

6804911