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

Di Wu, Yafeng Yin and Siriphong Lawphongpanich

Transportation Research Part B: Methodological, 2011, vol. 45, issue 10, 1699-1709

Abstract: 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.

Keywords: Build–operate-transfer scheme; Mathematical program with equilibrium constraints; Network modeling; Pricing (search for similar items in EconPapers)
Date: 2011
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Citations: View citations in EconPapers (8)

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DOI: 10.1016/j.trb.2011.07.006

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