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Fuzzy Evaluation Method of Contract Risk in PPP Project and Its Application

Journal of Social Sciences and Humanities
Vol.1 , No. 1, Publication Date: Mar. 10, 2018, Page: 20-26

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Authors

[1]	Shang Kejian, School of Business Administration, Liaoning Technical University, Huludao, China.
[2]	Feng Dongmei, School of Business Administration, Liaoning Technical University, Huludao, China.
[3]	Li Naiwen, School of Business Administration, Liaoning Technical University, Huludao, China.
[4]	Jia Chong, School of Business Administration, Liaoning Technical University, Huludao, China.

Abstract

The PPP mode is widely used in many infrastructure projects in China. However, due to the limited popularization of PPP mode in China, there are few researches on the contract risk evaluation, PPP contract risk evaluation system is lacked, evaluation value has the problem of information loss, and it is difficult to satisfy the independence hypothesis between the indexes of the evaluation model. In this paper, contract risk evaluation index system is established for PPP project. Then, based on the latest research results of fuzzy mathematics and multi-attribute decision-making model, contract risk evaluation method is proposed for PPP project in CMLN, so that information loss and the issue of independence hypothesis between indexes can be solved by rational use of intuitionistic fuzzy numbers and fuzzy measures. Finally, the applicability of index system and method is verified by applying the evaluation index system and evaluation method proposed in this paper to CMLN PPP project in Shanxi Province

Keywords

PPP Project, Risk Evaluation, Fuzzy Mathematics, Gas Pipeline Network

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