Few studies have specifically focused on the uncertainty of demand forecasting despite the fact that uncertainty is the one of greatest risks for governments and private partners in PPP projects. This study presents a methodology for finding robust contract conditions considering uncertainty in...

■ The contracted internal rate of return (CIRR) of Korea's public-private-partnership (PPP) projects does not properly reflect the risks associated with the different types and characteristics of facilities and government support. Rather, the rates are set at the same level as similar...

Infrastructure plays a critical role in boosting the economy's overall productivity and development toward improving the quality of life. Public–private partnership (PPP) is considered as one of the key modalities for sustainable infrastructure development. This paper analyzes and compares the...

Transportation investment projects rely on accurate predictions of benefits and costs as fundamental data to determine the feasibility of the project. These predictions also serve as important information to evaluate the investment's effectiveness and the level of fees. However, the predicted...

Few studies have specifically focused on the uncertainty of demand forecasting despite the fact that uncertainty is the one of greatest risks for governments and private partners in PPP projects. This study presents a methodology for finding robust contract conditions considering uncertainty in...