Purpose: This article presents the multi-state stress-strength reliability computation of a component having three states namely, working, deteriorating and failed state. Design/methodology/approach: The probabilistic approach is used to obtain the reliability expression by considering the...

The complexity of public-private partnership (PPP) projects ensures that risks could emerge and spread in unpredictable ways if they are not well identified and managed. The emergence of PPP projects has brought major changes in the construction industry, the most notable being in procurement...