Niu, Baozhuang; Zhang, Jie - In: Transportation Research Part E: Logistics and … 53 (2013) C, pp. 1-14
In this paper, we study the impact of demand uncertainty on the build-operate-transfer (BOT) contract design by optimizing a bi-objective problem via three critical decisions: toll, capacity and concession period. We derive the optimums and identify the public and private sector’s economic...