Title :
The Decision-Making Model of TOT Concession Period Based on Fuzzy Stochastic Petri Net
Author :
Shen, Junxin ; Wang, Songjiang
Author_Institution :
Sch. of Manage. & Econ., Kunming Univ. of Sci. & Technol., Kunming, China
Abstract :
TOT (transfer-operate-transfer) concession period is the core issue of project financing, but also the focal focus of contract negotiation. This paper builds risk decision-making of TOT concession period based Fuzzy Petri Net, then use Stochastic Petri Net for solving Markov process, which reflects the impact of Cash Inflow(CI) and Cash Outflow(CO) by project risk factors. It provides a new solution ideas and methods for TOT concession period.
Keywords :
Markov processes; Petri nets; contracts; decision making; finance; fuzzy set theory; project management; risk management; Markov process; TOT concession period; contract negotiation; decision-making model; fuzzy stochastic Petri net; project financing; project risk factors; risk decision-making; transfer-operate-transfer; Analytical models; Decision making; Investments; Markov processes; Production; Risk management;
Conference_Titel :
Management and Service Science (MASS), 2010 International Conference on
Conference_Location :
Wuhan
Print_ISBN :
978-1-4244-5325-2
Electronic_ISBN :
978-1-4244-5326-9
DOI :
10.1109/ICMSS.2010.5576927
