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Risk Assessment of Urban Rail Transit PPP Project Construction Based on Bayesian Network

Author

Listed:
  • Zhansheng Liu

    (Key Laboratory of Urban Security and Disaster Engineering of Ministry of Education, Beijing University of Technology, Beijing 100124, China)

  • Yueyue Jiao

    (Key Laboratory of Urban Security and Disaster Engineering of Ministry of Education, Beijing University of Technology, Beijing 100124, China)

  • Anxiu Li

    (Key Laboratory of Urban Security and Disaster Engineering of Ministry of Education, Beijing University of Technology, Beijing 100124, China)

  • Ximei Liu

    (Key Laboratory of Urban Security and Disaster Engineering of Ministry of Education, Beijing University of Technology, Beijing 100124, China)

Abstract

In recent years, the accident rate of urban rail transit PPP (public–private partnerships) project under construction has been relatively high, and the issue of security risks has attracted great attention from all walks of life. Therefore, it is necessary to identify, analyze, and evaluate the issue of security risks of the urban rail transit PPP project. This paper takes the PPP project of urban rail transit as the object. Through offline interviews and surveys and online questionnaires, this paper focuses on identifying and analyzing the risks brought by the introduction of PPP mode to the urban rail transit project and its action mechanism. The risk evaluation method based on Bayesian network model is studied, which is described from three dimensions: risk occurrence probability, risk reasoning, and risk sensitivity. Finally, an example of Xuzhou Metro Line 3 is given to verify the feasibility of the proposed method. This study provides a reference basis for relevant practitioners and promotes the healthy development of the industry.

Suggested Citation

  • Zhansheng Liu & Yueyue Jiao & Anxiu Li & Ximei Liu, 2021. "Risk Assessment of Urban Rail Transit PPP Project Construction Based on Bayesian Network," Sustainability, MDPI, vol. 13(20), pages 1-23, October.
    • Handle: RePEc:gam:jsusta:v:13:y:2021:i:20:p:11507-:d:659058
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    References listed on IDEAS

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    Cited by:

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    4. Bisola Beatrice Oguejiofor & Ngozi Samuel Uzougbo & Abosede Olusade Kolade & Ahmed Raji & Chibuike Daraojimba, 2023. "Review of Successful Global Public-Private Partnerships: Extracting key Strategies for Effective U.S. Financial Collaborations," International Journal of Research and Scientific Innovation, International Journal of Research and Scientific Innovation (IJRSI), vol. 10(8), pages 312-331, August.

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