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https://doi.org/10.1080/1331677X.2022.2078988

A coordination game model for risk allocation of a PPP project with the weakened hedged probabilistic linguistic term information

L. N. Wang
Z. S. Xu


Puni tekst: engleski pdf 3.647 Kb

str. 593-613

preuzimanja: 208

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Sažetak

Risk allocation is a considerable part of public-private partnership
(PPP) projects’ achievement during risk management. Regarding
the complication of PPP projects, the difficulty of risk management,
and the incomplete information of the project, it may be
complicated to allocate risk factors with numbers, which may
cause players’ hesitations, the poor performance of strategies, and
the complexity of risk allocation process. To display the dynamic
and the objective of risk allocation strategies, players prefer to
take linguistic variables to depict their strategies. In this paper,
we take the linguistic expression, the probabilistic linguistic terms
with weakened hedges (P-LTWHs) to express players’ strategies.
The P-LTWHs not only take the hedges of linguistic variables but
also consider the probabilities of choosing the corresponding linguistic
variables. With the perspective of viewpoints dynamics, we
developed risk allocation models of the market risk with coordination
game under the P-LTWHs environment. Finally, we give
some suggestions of risk allocation models with P-LTWHs
information.

Ključne riječi

Risk allocation; probability linguistic terms with weakened hedges (P-LTWHs); game theory; PPP project

Hrčak ID:

303745

URI

https://hrcak.srce.hr/303745

Datum izdavanja:

31.3.2023.

Posjeta: 423 *