Study on the Application of System Dynamics in the Risk Assessment of PPP Project of Expressway

DOI

10.2991/assehr.k.200331.099How to use a DOI?

Keywords

system dynamics, sensitivity analysis, PPP project

Abstract

This paper uses the method of system dynamics to study the risk factors of PPP project. First of all, on the basis of reading the relevant literature, identify the existing risks of highway PPP project, and establish the stock flow chart of highway PPP project risks. Then, the system dynamics model is used to simulate the project risk. The results show that the operation risk, completion risk and construction risk have a greater impact on the whole PPP project risk system; secondly, the key risk factors affecting the operation risk, completion risk and construction risk are analyzed. Finally, in view of the risk problems existing in the PPP project of expressway, countermeasures and suggestions are put forward. All participants of the project should pay attention to and prevent the risk, reduce the negative impact of the risk, so as to obtain the expected benefits.

Copyright

© 2020, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

Download article (PDF)

TY  - CONF
AU  - Zhao Yongjiao
PY  - 2020
DA  - 2020/04/02
TI  - Study on the Application of System Dynamics in the Risk Assessment of PPP Project of Expressway
BT  - Proceedings of the 5th International Conference on Social Sciences and Economic Development (ICSSED 2020)
PB  - Atlantis Press
SP  - 473
EP  - 478
SN  - 2352-5398
UR  - https://doi.org/10.2991/assehr.k.200331.099
DO  - 10.2991/assehr.k.200331.099
ID  - Yongjiao2020
ER  -