2013 Fiscal Year Final Research Report

Research on systematization of decision making elements in Private Finance Initiative projects

Research Project

Project/Area Number	23530573
Research Category	Grant-in-Aid for Scientific Research (C)
Allocation Type	Multi-year Fund
Section	一般
Research Field	Accounting
Research Institution	Niigata University
Principal Investigator	YAMAGUCHI Naoya 新潟大学, 人文社会・教育科学系, 准教授 (50303110)
Project Period (FY)	2011 – 2013
Keywords	PFI
Research Abstract	The research analyzed the essential decision making elements through extracting the core factors which caused the past failure or breakdown cases of the Private Finance Initiative and its similar projects. Specifically, it analyzed the Public Private Partnerships projects for London Undergrounds and the PFI projects for Fukuoka City Thalasotherapy Facility that utilizes heat generated from the seaside waste treatment facility. Furthermore, it analyzed the problem of decision making of PFI/PPP projects involving demand risks. Because some kind of demand risks have the feature as the uncertainty which cannot be quantified, if the uncertainty of demand and the excessive demand forecasting by the bias of decision makin are connected, it will increase the financial risk remarkably.

(4 results)