A fuzzy BOT project risk evaluation model in iranian power plant industry

Nowadays the most common approaches for project financing is called BOT (Build - Operate - Transfer). One of the most practical financing infrastructure by private capital, in which governmental strategic control is preserved. In spite of this advantage, BOT projects may be so riskful for private and public sectors. Therefore, risk identification and management is so important in BOT projects. In this paper, at first we identify some of the most important risks in BOT power plant projects; then we use some effective criteria and attributes assigned for risk evaluating in BOT approach. Afterwards the problem is defined via fuzzy Multi Attribute Decision Making (MADM) method. Therefore, a fuzzy LINMAP method is presented to evaluate the risk in BOT projects. Finally, a case study is used to illustrate the procedure of the proposed model at the end of paper.