E3S Web Conf.
Volume 53, 20182018 3rd International Conference on Advances in Energy and Environment Research (ICAEER 2018)
|Number of page(s)||4|
|Section||Environmental Protection, Pollution and Treatment|
|Published online||14 September 2018|
Multi agent risk sharing optimization of PPP project in urban garbage disposal -- Based on utility function considering of risk preference
Management school, Wuhan University of technology, 430070, Wu han, China
* Corresponding author: email@example.com
PPP mode is widely used in urban garbage disposal projects. The key to success is to allocate PPP project risk reasonably and effectively. The paper firstly constructs a PPP project operation system of urban garbage disposal, and then the risk identification and the main sharing agents are analyzed. On the basis of the utility theory, the risk preference of each agent is considered, and the profit and cost efficiency function of the three agents, including investor, the government and the financial institutions is established. Finally, the function model is applied by a case of urban garbage disposal PPP project. The result shows that the proportion of risk sharing is related to the risk preference of each agent, and the optimal risk sharing proportion may make the overall utility of the project optimal.
© The Authors, published by EDP Sciences, 2018
This is an Open Access article distributed under the terms of the Creative Commons Attribution License (http://creativecommons.org/licenses/by/4.0), which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
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