Project finance: A multi-criteria approach to arbitration

Project finance: A multi-criteria approach to arbitration

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Article ID: iaor2001926
Country: United Kingdom
Volume: 51
Issue: 2
Start Page Number: 183
End Page Number: 197
Publication Date: Feb 2000
Journal: Journal of the Operational Research Society
Authors:
Keywords: project management
Abstract:

Large investment projects in sectors such as transportation and natural resources require some risk allocation agreements to be financed at low interest rates. Focusing on these agreements made between the project company (or the sponsors) and other participants (the host government, the client, the supplier, the constructor, or the lenders) I propose a multi-criteria normative model to conduct the bargain decision-making process in a rational way. This model is based on compromise programming and it is specially designed for arbitration when the bargain process becomes deadlocked. Plausible theoretical and practical results are obtained, and a numerical example is developed.

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