標題: Using bi-level programming to analyze the royalty for private-public partnership projects: the operational quantity-based model
作者: Kang, Chao-Chung
Feng, Cheng-Min
Kuo, Chiu-Yen
運輸與物流管理系 註:原交通所+運管所
Department of Transportation and Logistics Management
關鍵字: BOT project;royalty;negotiation;bi-level programming
公開日期: 2010
摘要: This paper develops a royalty negotiation model based on the operating quantity of Build, Operate, and Transfer (BOT) projects for both government and the private sector using a bi-level programming (BLP) approach. The royalty negotiation is one of many critical negotiation items of a concession contract. This study develops a royalty negotiation model to simulate the negotiation behavior of two parties, and derives the heuristic algorithm for the BLP problem. A number of factors are incorporated into this algorithm including the concession rate, the time value discount rate, the learning rate, and the number of negotiations. The paper includes a case study of the Taipei Port Container Logistic BOT Project. The results show that the two parties involved completed royalty negotiation at the sixth negotiation stage. The findings show that the government can receive a royalty from the concessionaire, calculated at 0.00386% of the operating quantity of this BOT project. Therefore, the royalty negotiation model developed here could be employed to explain negotiation behavior.
URI: http://hdl.handle.net/11536/6286
http://dx.doi.org/10.1080/03081061003732383
ISSN: 0308-1060
DOI: 10.1080/03081061003732383
期刊: TRANSPORTATION PLANNING AND TECHNOLOGY
Volume: 33
Issue: 3
起始頁: 315
結束頁: 328
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