Optimal selection of build-operate-transfer projects on transportation networks

This paper considers the problem of how to select highway projects for the build-operate-transfer (BOT) development with the objective of improving the social benefit while ensuring the marketability of those selected. The problem can be viewed as a tri-level leader-follower game and is formulated as a mixed integer program with equilibrium constraints. Without solving the associated problem, we show that optimal tolls and travel times on selected BOT highways can be determined from their attributes under mild assumptions. This leads to an efficient heuristic algorithm for solving the project selection problem.

• Record URL:
  http://www.sciencedirect.com/science/article/pii/S0191261511001068
• Availability:
  • Find a library where document is available. Order URL: http://worldcat.org/issn/01912615
• Supplemental Notes:
  • Abstract reprinted with permission from Elsevier.
• Authors:
  • Wu, Di
  • Yin, Yafeng
  • Lawphongpanich, Siriphong
• Publication Date: 2011-12

Language

• English

Media Info

• Media Type: Print
• Features: Appendices; Figures; Tables;
• Pagination: pp 1699-1709
• Serial:
  • Transportation Research Part B: Methodological
  • Volume: 45
  • Issue Number: 10
  • Publisher: Elsevier
  • ISSN: 0191-2615
  • Serial URL: http://www.sciencedirect.com/science/journal/01912615

Subject/Index Terms

• TRT Terms: Algorithms; Build operate transfer; Construction projects; Highways; Pricing; Social benefits
• Uncontrolled Terms: Marketability; Mathematical program with equilibrium constraints; Project selection; Selection process
• Subject Areas: Administration and Management; Finance; Highways; I10: Economics and Administration;

Filing Info

• Accession Number: 01359509
• Record Type: Publication
• Files: TRIS, ATRI
• Created Date: Dec 22 2011 2:08PM