The key aspect to the successful implementation of BOT concept is the raising of finance by project sponsor,so financial engineering techniques and capital structuring skills are required to find the proper mix of deb...The key aspect to the successful implementation of BOT concept is the raising of finance by project sponsor,so financial engineering techniques and capital structuring skills are required to find the proper mix of debt and equity.The capital structure and present a model to determine the equity level from the aspects of financing scale,construction time and return on investment are analyzed.The resulting model can help the sponsor to avoid the capital risk,and offer the government a criterion to evaluate management ability of the sponsor.To show the application and availability of this model,a case study is conducted.Thus,this paper is concern with the determination of financing scale,construction time,and return on investment which would assist the sponsor to ensure that the equity level for optimal capital structure is available prior to the implementation stage in BOT project operation.展开更多
In the traditional methods of program evaluation and review technique （PERT） network optimization and compression of time limit for project, the uncertainty of free time difference and total time difference were not...In the traditional methods of program evaluation and review technique （PERT） network optimization and compression of time limit for project, the uncertainty of free time difference and total time difference were not considered as well as its time risk. The authors of this paper use the theory of dependent-chance programming to establish a new model about compression of time for project and multi-objective network optimization, which can overcome the shortages of traditional methods and realize the optimization of PERT network directly. By calculating an example with genetic algorithms, the following conclusions are drawn： （ 1 ） compression of time is restricted by cost ratio and completion probability of project; （2） activities with maximal standard difference of duration and minimal cost will be compressed in order of precedence; （3） there is no optimal solutions but noninferior solutions between chance and cost, and the most optimal node time depends on decision-maker＇s preference.展开更多
This paper proposes an innovative supervision method that can provide project supervisors with realtime supervision of engineering projects and contractor activity. To obtain real-time and comprehensive state of proje...This paper proposes an innovative supervision method that can provide project supervisors with realtime supervision of engineering projects and contractor activity. To obtain real-time and comprehensive state of project, we use grid management to divide the project supervision grid in three levels: stage, objective, and milestone. Then, a detailed supervision mechanism is designed to help supervisors measure the project situation in real time. This mechanism checks that if the project objectives(such as schedule, cost, quality, and safety) in every supervision grid cell are under the healthy limits, any project deviation can be identified as soon as possible.A schedule objective is selected as an example to illustrate the method used to calculate the healthy limit.展开更多
文摘The key aspect to the successful implementation of BOT concept is the raising of finance by project sponsor,so financial engineering techniques and capital structuring skills are required to find the proper mix of debt and equity.The capital structure and present a model to determine the equity level from the aspects of financing scale,construction time and return on investment are analyzed.The resulting model can help the sponsor to avoid the capital risk,and offer the government a criterion to evaluate management ability of the sponsor.To show the application and availability of this model,a case study is conducted.Thus,this paper is concern with the determination of financing scale,construction time,and return on investment which would assist the sponsor to ensure that the equity level for optimal capital structure is available prior to the implementation stage in BOT project operation.
文摘In the traditional methods of program evaluation and review technique （PERT） network optimization and compression of time limit for project, the uncertainty of free time difference and total time difference were not considered as well as its time risk. The authors of this paper use the theory of dependent-chance programming to establish a new model about compression of time for project and multi-objective network optimization, which can overcome the shortages of traditional methods and realize the optimization of PERT network directly. By calculating an example with genetic algorithms, the following conclusions are drawn： （ 1 ） compression of time is restricted by cost ratio and completion probability of project; （2） activities with maximal standard difference of duration and minimal cost will be compressed in order of precedence; （3） there is no optimal solutions but noninferior solutions between chance and cost, and the most optimal node time depends on decision-maker＇s preference.
基金the National Natural Science Foundation of China(No.71271085)the Beijing "12th Five-Year Plan" Project of Philosophy and Social Sciences(No.12JGB044)
文摘This paper proposes an innovative supervision method that can provide project supervisors with realtime supervision of engineering projects and contractor activity. To obtain real-time and comprehensive state of project, we use grid management to divide the project supervision grid in three levels: stage, objective, and milestone. Then, a detailed supervision mechanism is designed to help supervisors measure the project situation in real time. This mechanism checks that if the project objectives(such as schedule, cost, quality, and safety) in every supervision grid cell are under the healthy limits, any project deviation can be identified as soon as possible.A schedule objective is selected as an example to illustrate the method used to calculate the healthy limit.
