Operating Revenue Risk Sharing Analysis of Private Investment in Harbor Distribution Center Infrastructure Project / 民間參與建設港埠物流中心營收風險分攤之研究

碩士 / 國立高雄第一科技大學 / 運輸倉儲營運所 / 90 / Private Participating Infrastructure or Private Financing is the direction for the development of international and domestic transportation policies. After Taiwan entered the WTO, the harbor construction dues have been substituted by the port dues and this has caused a decrease in the harbor construction fund. Therefore, PPI would be gradually adopted for the construction of harbor facilities in the future. With the booming of transnational trade and economic activities, the harbor distribution center would become a hub of warehousing, processing and transshipment with its advantage of lower transportation cost. The future cross-strait direct links and implementation of the free port area project would further highlight the importance of the harbor distribution center.
Risk management is an important factor leading to the success of PPI. Risk sharing, which contributes greatly to the success of PPI, is a way to control risk and a legitimate strategy for a reasonable and fair investment environment. However, relevant regulations on risk sharing are yet to stipulate. This study offers the formula of calculating management risk and the mode of risk sharing for PPI in the harbor distribution center. This study identifies the risk and the source of risk causing changes in operation needs based on the structure of risk management procedures. This study also designs the optimal mode by using the mathematical programming method and taking the consideration of the capability of risk sharing, the principle of fairness and the regulation on constraint of budget from the perspectives of both the government and the private sector. In addition, this study calculates the capability of self-liquidating ratio and the maximum of government budget by setting the relevant parameters needed for the financing proposal and analyzing the operation cost and revenue. This study also predicts the annual breakdown of ernment and the private sector and the threshold figure guaranteeing the most by referencing other throughput prediction reports with some conversion and calibration. The adoption of the abovementioned parameters into the optimal model will reflect the relationship between the ratio of risk sharing between the government and the private sector and the threshold figure guaranteeing the most throughput.
This case study is based on the Kaohsiung Habor distribution center. It finds that the threshold figure guaranteeing the most throughput rises as the proportion of government sharing increases. It also finds that with the same guaranteed hroughput, the ratio of risk sharing between the government and the private sector varies when the government lowers the budget constraint. The ratio can be negotiated between the government and the private sector and specified in the investment contract. This mode serves as a good reference for future government policy-making.

Identiferoai:union.ndltd.org:TW/090NKIT5678019
Date January 2002
CreatorsCheng-Yie Liu, 劉正怡
ContributorsMing Chih Tsai, 蔡明志
Source SetsNational Digital Library of Theses and Dissertations in Taiwan
Languagezh-TW
Detected LanguageEnglish
Type學位論文 ; thesis
Format112

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