• DocumentCode
    668427
  • Title

    The optimization of operation and maintenance costs of BOT concession

  • Author

    Hang Shengce ; Tian Fanghua ; Ma Junfeng

  • Author_Institution
    Sch. of Manage., Northwestern Polytech. Univ., Xi´an, China
  • Volume
    1
  • fYear
    2013
  • fDate
    23-24 Nov. 2013
  • Firstpage
    420
  • Lastpage
    422
  • Abstract
    According to previous researches of BOT concession, many of the researches are connected to the concession and the concession agreement. The precondition of these researches is that there is only one project company cooperate with the government, and they cannot deal with the company exit in the middle of cooperation or the government choose another company to deal with the operation because the government want to maximum all the profits. Due to these problems, this paper proposed a method which using dynamic game theory after numerous game and sports minimum cost knowledge to solve the above problem, according to the study, we found that this case may also be developed into a new infrastructure financing method which could provide a theoretical basis for the future infrastructure.
  • Keywords
    costing; critical infrastructures; game theory; maintenance engineering; profitability; project management; public finance; BOT concession; dynamic game theory; infrastructure financing method; maintenance costs; operation costs; optimization; profitability; project company-government cooperation; Companies; Contracts; Educational institutions; Games; Government; Maintenance engineering; Predictive models; dynamic game; franchise; minimum cost; project financing;
  • fLanguage
    English
  • Publisher
    ieee
  • Conference_Titel
    Information Management, Innovation Management and Industrial Engineering (ICIII), 2013 6th International Conference on
  • Conference_Location
    Xi´an
  • Print_ISBN
    978-1-4799-3985-5
  • Type

    conf

  • DOI
    10.1109/ICIII.2013.6702963
  • Filename
    6702963