Mitigating risks in wastewater treatment plant PPPs using minimum revenue guarantee and real options

被引：26

作者：

Marzouk, Mohamed ^{[1
]}

Ali, Mohamed ^{[1
]}

机构：

[1] Cairo Univ, Dept Struct Engn, Giza, Egypt

来源：

UTILITIES POLICY | 2018年 / 53卷

关键词：

Minimum revenue guarantees; Minimum flow guarantees; Wastewater treatment plants; Risk mitigation; Public-private partnerships; Real-options theory; Egypt; PUBLIC-PRIVATE PARTNERSHIPS; WIN-WIN MODEL; PROJECTS; ALLOCATION;

D O I：

10.1016/j.jup.2018.06.012

中图分类号：

TE [石油、天然气工业]; TK [能源与动力工程];

学科分类号：

0807 ; 0820 ;

摘要：

Uncertainties associated with wastewater treatment plants inflows can lead to either undersized or oversized facilities. Such uncertainties are attributed to the deviation of actual development patterns from plans. Accordingly, a minimum-flow guarantee is a suitable risk mitigation strategy. This research proposes a guarantee evaluation algorithm, and a new stochastic model using real-options theory, in order to simulate the wastewater inflow to the wastewater treatment plant. A wastewater treatment plant in Egypt is examined as a case study. The results enable the monetary evaluation of contractual clauses relating to plant expansion and minimum-flow guarantee.

引用

页码：121 / +

页数：13

共 47 条

[1] Options, the value of capital, and investment [J].