Correlation Analysis of Capital and Life Cycle Costs in Private Financial Initiative Projects
作者： Nannan Wang
DOI: 10.1061/(ASCE)ME.1943-5479.0000277
关键词: Asset management 、 Cost estimate 、 Capital cost 、 Asset (economics) 、 Private finance initiative 、 Private sector 、 Finance 、 Economics 、 Capital (economics) 、 Negative relationship 、 Management Science and Operations Research 、 General Engineering 、 Strategy and Management 、 Industrial relations
摘要: Although private financial initiative (PFI) projects have proved to be more expensive to build, the UK government believed that it can spend more for less, delivering better value for money (VFM) to public projects. The underlying philosophy is that increased specification of a new asset increases construction costs but redu1ces future cost-of-use, such as the life cycle replacement (LCR) cost of the asset. However, there is a lack of research about whether higher initial capital costs indeed result in a lower long-term LCR cost of PFI …
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