Risk evaluation in public-private partnership projects in the transport sector in Vietnam.

Many Public-Private Partnership Projects (PPPs) have failed because of risks occurring during operation and earlier studies have demonstrated a need for risk assessment and allocation methods for PPPs. Although researchers have been working in this area for years, the amount of empirical work is limited, especially when applied to developing countries, particularly to Vietnamese PPPs. This research attempts to design a framework using quantitative methods. Besides, qualitative methods are also used as supportive methods. The framework is proposed to identify risks, allocate risks, evaluate the project’s riskiness and return, and optimize concession parameters. The proposed framework is based on two fundamental theories which are Analytical Hierarchy Process (AHP) and Risk Adjusted Decoupled Net Present Value (Risk Adjusted DNPV). In AHP, the subjective evaluations are converted into numerical values and analysed to rank each alternative on a numerical scale. A pairwise comparison is then applied to the alternatives regarding specific criteria. Mathematical analysis is then used to create a comprehensive comparison of alternatives. Therefore, in this framework, first, critical risks are identified and evaluated based on their probability of occurrence and the degree of impact. After that, AHP is used to evaluate alternatives’ (projects) riskiness. In addition, AHP is used to allocate critical identified risks with regards to the ability criteria of each party. Risk adjusted DNPV in this framework is used to evaluate returns of the projects and to optimize the concession parameters. Currently, Net Present Value method (NPV) is being widely used to evaluate projects’ returns because of its simplicity to investors. In the NPV method, risks are accounted for by adjusting a “risk-free rate” to form a risk-adjusted discount rate (RADR), and then the RADR is used to devalue cash flow with time. However, it has been argued that time and risk are different variables, and they should be separated in evaluating projects, otherwise evaluation errors can be generated, especially for projects which require long-term investment. PPPs typically demand long-term investments. Consequently, PPPs should be an environment in which the limitations of NPV are exposed. To minimize the limitations of NPV, Risk Adjusted Decoupled Net Present Value method (Risk Adjusted DNVP) has been developed as a new tool to assess projects. In Risk Adjusted DNVP, risks are decoupled from the time value, and they are quantified and treated as a cost to the project. Nevertheless, Risk Adjusted DNVP has not been applied to the area of PPPs. Therefore, this research attempts to use DNPV to evaluate projects’ returns, and to optimize concession parameters. This research also clarifies how the public and private sector can use the proposed framework. Case studies from five Vietnamese PPPs will be shown in the thesis to demonstrate the proposed framework

Multiple-Criteria Decision Making

Decision-making on real-world problems, including individual process decisions, requires an appropriate and reliable decision support system. Fuzzy set theory, rough set theory, and neutrosophic set theory, which are MCDM techniques, are useful for modeling complex decision-making problems with imprecise, ambiguous, or vague data.This Special Issue, “Multiple Criteria Decision Making”, aims to incorporate recent developments in the area of the multi-criteria decision-making field. Topics include, but are not limited to:- MCDM optimization in engineering;- Environmental sustainability in engineering processes;- Multi-criteria production and logistics process planning;- New trends in multi-criteria evaluation of sustainable processes;- Multi-criteria decision making in strategic management based on sustainable criteria

Sustainable Development of Real Estate

Research, theoretical and practical tasks of sustainable real estate development process are revised in detail in this monograph; particular examples are presented as well. The concept of modern real estate development model and a developer is discussed, peculiarities of the development of built environment and real estate objects are analyzed, as well as assessment methods, models and management of real estate and investments in order to increase the object value. Theoretical and practical analyses, presented in the monograph, prove that intelligent and augmented reality technologies allow business managers to reach higher results in work quality, organize a creative team of developers, which shall present more qualitative products for the society. The edition presents knowledge on economic, legal, technological, technical, organizational, social, cultural, ethical, psychological and environmental, as well as its management aspects, which are important for the development of real estate: publicly admitted sustainable development principles, urban development and aesthetic values, territory planning, participation of society and heritage protection. It is admitted that economical crises are inevitable, and the provided methods shall help to decrease possible loss. References to the most modern world scientific literature sources are presented in the monograph. The monograph is prepared for the researchers, MSc and PhD students of construction economics and real estate development. The book may be useful for other researchers, MSc and PhD students of economics, management and other specialities, as well as business specialist of real estate business. The publication of monograph was funded by European Social Fund according to project No. VP1-2.2-ŠMM-07-K-02-060 Development and Implementation of Joint Master’s Study Programme “Sustainable Development of the Built Environment”

Collected Papers (on Neutrosophic Theory and Applications), Volume VI

This sixth volume of Collected Papers includes 74 papers comprising 974 pages on (theoretic and applied) neutrosophics, written between 2015-2021 by the author alone or in collaboration with the following 121 co-authors from 19 countries: Mohamed Abdel-Basset, Abdel Nasser H. Zaied, Abduallah Gamal, Amir Abdullah, Firoz Ahmad, Nadeem Ahmad, Ahmad Yusuf Adhami, Ahmed Aboelfetouh, Ahmed Mostafa Khalil, Shariful Alam, W. Alharbi, Ali Hassan, Mumtaz Ali, Amira S. Ashour, Asmaa Atef, Assia Bakali, Ayoub Bahnasse, A. A. Azzam, Willem K.M. Brauers, Bui Cong Cuong, Fausto Cavallaro, Ahmet Çevik, Robby I. Chandra, Kalaivani Chandran, Victor Chang, Chang Su Kim, Jyotir Moy Chatterjee, Victor Christianto, Chunxin Bo, Mihaela Colhon, Shyamal Dalapati, Arindam Dey, Dunqian Cao, Fahad Alsharari, Faruk Karaaslan, Aleksandra Fedajev, Daniela Gîfu, Hina Gulzar, Haitham A. El-Ghareeb, Masooma Raza Hashmi, Hewayda El-Ghawalby, Hoang Viet Long, Le Hoang Son, F. Nirmala Irudayam, Branislav Ivanov, S. Jafari, Jeong Gon Lee, Milena Jevtić, Sudan Jha, Junhui Kim, Ilanthenral Kandasamy, W.B. Vasantha Kandasamy, Darjan Karabašević, Songül Karabatak, Abdullah Kargın, M. Karthika, Ieva Meidute-Kavaliauskiene, Madad Khan, Majid Khan, Manju Khari, Kifayat Ullah, K. Kishore, Kul Hur, Santanu Kumar Patro, Prem Kumar Singh, Raghvendra Kumar, Tapan Kumar Roy, Malayalan Lathamaheswari, Luu Quoc Dat, T. Madhumathi, Tahir Mahmood, Mladjan Maksimovic, Gunasekaran Manogaran, Nivetha Martin, M. Kasi Mayan, Mai Mohamed, Mohamed Talea, Muhammad Akram, Muhammad Gulistan, Raja Muhammad Hashim, Muhammad Riaz, Muhammad Saeed, Rana Muhammad Zulqarnain, Nada A. Nabeeh, Deivanayagampillai Nagarajan, Xenia Negrea, Nguyen Xuan Thao, Jagan M. Obbineni, Angelo de Oliveira, M. Parimala, Gabrijela Popovic, Ishaani Priyadarshini, Yaser Saber, Mehmet Șahin, Said Broumi, A. A. Salama, M. Saleh, Ganeshsree Selvachandran, Dönüș Șengür, Shio Gai Quek, Songtao Shao, Dragiša Stanujkić, Surapati Pramanik, Swathi Sundari Sundaramoorthy, Mirela Teodorescu, Selçuk Topal, Muhammed Turhan, Alptekin Ulutaș, Luige Vlădăreanu, Victor Vlădăreanu, Ştefan Vlăduţescu, Dan Valeriu Voinea, Volkan Duran, Navneet Yadav, Yanhui Guo, Naveed Yaqoob, Yongquan Zhou, Young Bae Jun, Xiaohong Zhang, Xiao Long Xin, Edmundas Kazimieras Zavadskas

Efficient Decision Support Systems

This series is directed to diverse managerial professionals who are leading the transformation of individual domains by using expert information and domain knowledge to drive decision support systems (DSSs). The series offers a broad range of subjects addressed in specific areas such as health care, business management, banking, agriculture, environmental improvement, natural resource and spatial management, aviation administration, and hybrid applications of information technology aimed to interdisciplinary issues. This book series is composed of three volumes: Volume 1 consists of general concepts and methodology of DSSs; Volume 2 consists of applications of DSSs in the biomedical domain; Volume 3 consists of hybrid applications of DSSs in multidisciplinary domains. The book is shaped upon decision support strategies in the new infrastructure that assists the readers in full use of the creative technology to manipulate input data and to transform information into useful decisions for decision makers

Fuzzy Logic

The capability of Fuzzy Logic in the development of emerging technologies is introduced in this book. The book consists of sixteen chapters showing various applications in the field of Bioinformatics, Health, Security, Communications, Transportations, Financial Management, Energy and Environment Systems. This book is a major reference source for all those concerned with applied intelligent systems. The intended readers are researchers, engineers, medical practitioners, and graduate students interested in fuzzy logic systems

Social Value of the Professional Basket ball Clubs in Spain: a Necessity

345 p