Construction Project Financial Evaluation of Multiple Criteria Decision Making—Using the China Airlines Park BOT Development Projects at the Taoyuan International Airport as an example

• Main Authors: Hui-hsuan Kao, 高潓璇
• Other Authors: Jyh-dong Lin
• Format: Others
• Language: zh-TW
• Published: 2011
• Online Access: http://ndltd.ncl.edu.tw/handle/75818368762417266818

碩士 === 國立中央大學 === 土木工程學系碩士在職專班 === 99 === This study takes the China Airlines Park BOT (Build, Operate and Transfer) development project at the Taoyuan International Airport as an example and an Analytical Network Process (ANP) is used to assess the multi-criteria decision-making method. Aimed at the feasible initial study stage of the project life cycle, this study conducted an assessment of the criteria for project financing and established a final decision assessment model. To promote participation, the BOT model, in addition to reducing the financial burden on the government, combines adequate civil financial and advanced management concepts and techniques to both conduct and promote regional and peripheral industrial development. It also enhances employment opportunities and public interest to achieve a winning situation for the public, the business sector and the government. Among the complex elements of assessment, the most critical and influential decision factor is the financial assessment that is closely related to the overall development project and has significant impact on the success or failure of each stage of the project life cycle. In the early stages of project development, civil institutions, in addition to presentation of the concept in writing and studying the feasibility report for the initial stage in accordance with the provisions of the Procurement Act, Promotion of Participation Act, etc., also focus on the main financial analysis of the project. From the customized planning of the entire project, the change in the interest and exchange rates, inflation, cash flow forecasts, operating recovery period, up to the final sensitivity analysis and other criteria, all affect the final success or failure of the project. In the ANP multi-criteria decision-making assessment, there are four basic models: simple type, feedback type, second-order network model and complex network model. The second-order network procedural method was used in this study and happened to be in line with the decision making needs for the project’s financial assessment of civil institutions to participate in the public construction. The biggest difference between ANP and AHP (Analytic Hierarchy Process) lies in AHP’s assumption that all assessment criteria are independent, while ANP in the assessment criteria sets the dimensions as having internal or external dependencies. The results of the ANP method used to conduct the decision-making analysis are more in line with the needs of comprehensive assessment and logical thinking. Due to their more diversified and demanding nature, the project financial assessment was developed in accordance with the Promote Participation Act and involved the public interest. Therefore, the overall planning, cost of the project development, and financial investment were more holistic and did not just consider single interests independently. This study refers to the literature on the application of ANP and promotes the participation project-related reports that have been implemented in the country. The four main criteria structure (benefits, opportunities, costs, and risks) of the second-order network procedural method of the ANP was adopted for the study analysis. Although this study used the case of BOT as an example, the results have shown that this analytical model, according to its attributes and characteristics, can be used in other types of development projects. Due to its wide range of coverage and greater reliability, it can also provide reference for other studies, and it is expected to enhance future studies and in-depth research.