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Selecting a viable Build-Operate-Transfer (BOT) project to propose

  • Construction Management
  • Published:
KSCE Journal of Civil Engineering Aims and scope

Abstract

Success in the Build-Operate-Transfer (BOT) projects mainly depends on choosing a right project to propose. However, it is very difficult to identify a preliminary feasible one at the up-front project development process due to the uncertainties involved. When choosing a probable project to propose, the developers in most cases rely on their experience, intuition, or gut feelings. It is expected that they will improve the chances of deciding a viable project enough to propose if the methodical formalism is provided that guides to systematically recognize the risk factors inherent in the project environment, their impact on project feasibility and strategic alternatives to enhance them. The main objective of this research is to develop a go/no-go decision model as the formalism. Based on the review of diverse decision-making theories, the Multi-Attribute Decision Analysis Method (MADAM) is identified as a suitable theoretical background to developing the formalism. Five BOT experts are invited to put their experience in the model development. A numerical example is presented to demonstrate the computational procedures of the model developed.

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Author information

Authors and Affiliations

  1. School Facilities Division, Ministry of Education and Human Resource, Seoul, Korea

    Jong Ho Ock (Member, Ph. D., P.E., Director)

  2. Department of Civil Engineering, Yonsei University, Korea

    Seung Heon Han (Member, Ph. D., Assistant Professor)

Authors
  1. Jong Ho Ock
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  2. Seung Heon Han
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Corresponding author

Correspondence to Jong Ho Ock.

Additional information

Former Director at the Ministry of Construction and Transportation.

The manuscript for this paper was submitted for review on December 31, 2001.

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Ock, J.H., Han, S.H. Selecting a viable Build-Operate-Transfer (BOT) project to propose. KSCE J Civ Eng 6, 203–216 (2002). https://doi.org/10.1007/BF02829145

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