Narrowing range of concession period for build operate transfer highway project under public private partnership using bargaining game theory / Nur Hazwanie Mohamed Yusoff

Public Private Partnership is one of the popular contracts used in building infrastructure in Malaysia. One of the important aspects in the contract is to find reasonable concession period which protect both government and private sectors from losing. This research provides a methodology to narrow t...

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Main Author:	Mohamed Yusoff, Nur Hazwanie
Format:	Thesis
Language:	English
Published:	2016
Subjects:	Industrial policy The state and industrial organization
Online Access:	https://ir.uitm.edu.my/id/eprint/73252/1/73252.pdf
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id	my-uitm-ir.73252
record_format	uketd_dc
spelling	my-uitm-ir.732522023-03-20T04:42:05Z Narrowing range of concession period for build operate transfer highway project under public private partnership using bargaining game theory / Nur Hazwanie Mohamed Yusoff 2016 Mohamed Yusoff, Nur Hazwanie Industrial policy. The state and industrial organization TE Highway engineering. Roads and pavements Public Private Partnership is one of the popular contracts used in building infrastructure in Malaysia. One of the important aspects in the contract is to find reasonable concession period which protect both government and private sectors from losing. This research provides a methodology to narrow the range of concession period that would benefit both government and private sectors taking the impact of risks into consideration. Required data for this research were obtained by interviewing representatives of private sector and retrieving annual report of the company that was available on Bursa Malaysia. The financial model was evaluated using Monte Carlo simulation on the computational software to compute Net Cash Flow and Net Present Value. The range of concession period for the private sectors and government to negotiate is generated by the simulation. In order to narrow the range of concession period, Bargaining Game Theory was employed. The benefit formulae proposed by L. Y. Shen, Bao, Wu, and Lu (2007) was modified by taking the average between two NPVs to suit the Malaysia case study. Therefore, the modified formulae provides fair benefit for both parties. To demonstrate the applicability of suggested methodology, Build Operate Transfer (BOT) highway project in Malaysia were used in this research. The narrowing concession period was found to be shorter than the actual concession period. Using the suggested methodology, government could further improve its policies in processing BOT projects thus, attract private sectors interest in infrastructure development. 2016 Thesis https://ir.uitm.edu.my/id/eprint/73252/ https://ir.uitm.edu.my/id/eprint/73252/1/73252.pdf text en public masters Universiti Teknologi MARA (UiTM) Faculty of Computer and Mathematical Sciences Abd Wahab, Zubaidah
institution	Universiti Teknologi MARA
collection	UiTM Institutional Repository
language	English
advisor	Abd Wahab, Zubaidah
topic	Industrial policy The state and industrial organization Industrial policy The state and industrial organization
spellingShingle	Industrial policy The state and industrial organization Industrial policy The state and industrial organization Mohamed Yusoff, Nur Hazwanie Narrowing range of concession period for build operate transfer highway project under public private partnership using bargaining game theory / Nur Hazwanie Mohamed Yusoff
description	Public Private Partnership is one of the popular contracts used in building infrastructure in Malaysia. One of the important aspects in the contract is to find reasonable concession period which protect both government and private sectors from losing. This research provides a methodology to narrow the range of concession period that would benefit both government and private sectors taking the impact of risks into consideration. Required data for this research were obtained by interviewing representatives of private sector and retrieving annual report of the company that was available on Bursa Malaysia. The financial model was evaluated using Monte Carlo simulation on the computational software to compute Net Cash Flow and Net Present Value. The range of concession period for the private sectors and government to negotiate is generated by the simulation. In order to narrow the range of concession period, Bargaining Game Theory was employed. The benefit formulae proposed by L. Y. Shen, Bao, Wu, and Lu (2007) was modified by taking the average between two NPVs to suit the Malaysia case study. Therefore, the modified formulae provides fair benefit for both parties. To demonstrate the applicability of suggested methodology, Build Operate Transfer (BOT) highway project in Malaysia were used in this research. The narrowing concession period was found to be shorter than the actual concession period. Using the suggested methodology, government could further improve its policies in processing BOT projects thus, attract private sectors interest in infrastructure development.
format	Thesis
qualification_level	Master's degree
author	Mohamed Yusoff, Nur Hazwanie
author_facet	Mohamed Yusoff, Nur Hazwanie
author_sort	Mohamed Yusoff, Nur Hazwanie
title	Narrowing range of concession period for build operate transfer highway project under public private partnership using bargaining game theory / Nur Hazwanie Mohamed Yusoff
title_short	Narrowing range of concession period for build operate transfer highway project under public private partnership using bargaining game theory / Nur Hazwanie Mohamed Yusoff
title_full	Narrowing range of concession period for build operate transfer highway project under public private partnership using bargaining game theory / Nur Hazwanie Mohamed Yusoff
title_fullStr	Narrowing range of concession period for build operate transfer highway project under public private partnership using bargaining game theory / Nur Hazwanie Mohamed Yusoff
title_full_unstemmed	Narrowing range of concession period for build operate transfer highway project under public private partnership using bargaining game theory / Nur Hazwanie Mohamed Yusoff
title_sort	narrowing range of concession period for build operate transfer highway project under public private partnership using bargaining game theory / nur hazwanie mohamed yusoff
granting_institution	Universiti Teknologi MARA (UiTM)
granting_department	Faculty of Computer and Mathematical Sciences
publishDate	2016
url	https://ir.uitm.edu.my/id/eprint/73252/1/73252.pdf
_version_	1783735970445656064

Narrowing range of concession period for build operate transfer highway project under public private partnership using bargaining game theory / Nur Hazwanie Mohamed Yusoff

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