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Grey Clustering Evaluation for the Cooperation Efficiency of PPP Project: Taking Beijing Metro Line 4 as an Example

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  • Hui Sun
  • Yingzi Liang
  • Yuning Wang

Abstract

PPP model is an important model which provides public products or services based on the coordination between the public sector and private sector. The implementation of PPP model is helpful for relieving the stress of insufficient funding for public sector and improving the efficiency of resource allocation. Comparing with traditional infrastructure project, PPP project involves many stakeholders, and the cooperation efficiency during the different stakeholders impacts the results of the project directly. Thus, it is important to explore the cooperation efficiency of PPP project. Based on grey clustering model, this paper evaluates the cooperation efficiency of PPP project. An evaluation index system including 36 indexes is established based on the aims and objectives of three stakeholders (public sector, private sector, and passengers). A case study of Beijing Metro Line 4 PPP project is implemented to verify the validity and applicability of the evaluation model. And the results showed that the cooperation efficiency of Beijing Metro Line 4 PPP project is relatively high. The model also provided insights into the shortage of the cooperation efficiency of Beijing Metro Line 4 PPP project. As such, the results can assist all stakeholders in adjusting the cooperation efficiency.

Suggested Citation

  • Hui Sun & Yingzi Liang & Yuning Wang, 2019. "Grey Clustering Evaluation for the Cooperation Efficiency of PPP Project: Taking Beijing Metro Line 4 as an Example," Mathematical Problems in Engineering, Hindawi, vol. 2019, pages 1-13, April.
    • Handle: RePEc:hin:jnlmpe:8232731
    DOI: 10.1155/2019/8232731
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    Cited by:

    1. Jiskani, Izhar Mithal & Cai, Qingxiang & Zhou, Wei & Ali Shah, Syed Ahsan, 2021. "Green and climate-smart mining: A framework to analyze open-pit mines for cleaner mineral production," Resources Policy, Elsevier, vol. 71(C).
    2. Ziqian Luo & Junjie Li & Zezhou Wu & Shenghan Li & Guoqiang Bi, 2022. "Investigating the Driving Factors of Public Participation in Public-Private Partnership (PPP) Projects—A Case Study of China," IJERPH, MDPI, vol. 19(9), pages 1-20, April.
    3. Jinhui Chen & Izhar Mithal Jiskani & Aiguo Lin & Chaocheng Zhao & Peixing Jing & Fengjie Liu & Mingyin Lu, 2023. "A hybrid decision model and case study for comprehensive evaluation of green mine construction level," Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development, Springer, vol. 25(4), pages 3823-3842, April.

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