CAJ | 학술논문

特许权期是基础设施BOT项目融资建设中的一个重要决策变量,但目前缺乏计算特许权期的理论方法.SHEN等建立了特许权期的决策模型(BOTCcM),得出了特许权期的可行区间,但BOTCcM模型未能提供在该区间内选择具体的特许权期时间点的方法.这是该模型在应用中的一个重要缺陷,需要进一步改进和完善.应用博弈论原理,建立了特许权期决策的Bargaining博弈模型,克服了BOTCcM模型的缺陷,求出了特许权期决策的具体时间.最后,通过算例演示了特许权期决策的Bargaining博弈模型.研究结果表明,Bargaining博弈模型能为政府和企业进行特许权期决策提供有效的计算方法.
특허권기시기출설시BOT항목융자건설중적일개중요결책변량,단목전결핍계산특허권기적이론방법.SHEN등건립료특허권기적결책모형(BOTCcM),득출료특허권기적가행구간,단BOTCcM모형미능제공재해구간내선택구체적특허권기시간점적방법.저시해모형재응용중적일개중요결함,수요진일보개진화완선.응용박혁론원리,건립료특허권기결책적Bargaining박혁모형,극복료BOTCcM모형적결함,구출료특허권기결책적구체시간.최후,통과산례연시료특허권기결책적Bargaining박혁모형.연구결과표명,Bargaining박혁모형능위정부화기업진행특허권기결책제공유효적계산방법.
Concession period is one of the most important decision variables in arranging a BOT type contract,and there are a few methodologies available for helping to identify this time variable.BOT concession model(BOTCcM)by SHEN et al presents an alternative method by which a group of solutions for determining concession period are produced.A typical weakness in using BOTCcM,however,is that the technique is unable to recommend a specific time span for concessionary.The BOTCcM is extended to a new method for identifying a concession period by using Bargaining-game theory.Bargaining and negotiation happen for negotiating a specific concession period.By applying Bargaining-game theory,a new method is introduced to enable the identification of a specific concession period.The method,called BOT bargaining concession(BOTBaC),takes into account the bargaining behavior of the two parties concerned in engaging a BOT contract,namely,the investor and the government concerned.The application of BOTBaC is demonstrated by using an example.BOTBaC presents an effective method for determining concession period between the government and the private investor.