A New Approach to Evaluating and Selecting Public-Private Partnership (PPP) Projects

Abstract

Due to the popularity of Public-Private Partnership (PPP) projects and the observation that the evaluation and selection of projects can be regarded as a multiple criteria decision making problem, this paper proposes a new approach, namely, minimizing the total deviation from the ideal point, to decide on the weights associated with each criterion. We provide a numerical illustration to demonstrate the effectiveness of this approach.