| Title |
Item Establishment and Importance Analysis for Qualitative VFM of BTL System |
| Authors |
Yang, Jin Kook ; Kim, Soo-Yong ; Ri, Min-Hyeon |
| Keywords |
BTL(Build-Transfer-Lease) System ; VFM(Value for Money) ; Qualitative VFM ; AHP(Analytic Hierarchy Process) |
| Abstract |
PFI(Private Finance Initiative) Project is carried to expand infrastructure effectively through participation of private investment. From the year 2005, the range is expanded not only industrial infrastructure such as made road, harbors and so on but living infrastructure such as school facilities, environmental facilities.For this reason, BTL(Build-Transfer-Lease) system is mainly used in new private finance initiative project but in existing private finance initiative project BTO(Build-Transfer-Operate) system was used. BTL system is operated to judge fitness of private investment and classified into quantitative VFM(Value for Money) and qualitative VFM. In this research, the estimation item of qualitative VFM which is hard to deduce the effect is created and after surveying of questionnaire in target of experts, relative importance and weight is established with AHP(Analytic Hierarchy Process). By
estimating efficiency and benefit of quantitative VFM and qualitative VFM aspect effectively it is expected to support a rational making decision for operating BTL. |