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

被引:24
作者
Marzouk, Mohamed [1 ]
Ali, Mohamed [1 ]
机构
[1] Cairo Univ, Dept Struct Engn, Giza, Egypt
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
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页码:121 / +
页数:13
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