基于风险视角的地铁工程项目融资方案选择研究

摘要

融资是地铁工程项目获取资金的重要途径，合理的融资方案是地铁工程项目取得成功的前提。针对融资方案的优选问题，从风险分析的角度出发，采用WBS－RBS法对地铁工程项目融资方案的风险因子进行分析，并通过德尔菲技术构建地铁工程项目融资方案风险评估的指标体系。应用灰关联熵方法计算各指标权重，提出基于加权灰靶理论的融资方案比选模型。最后以青岛地铁5号线为例，验证该模型的可行性，同时也为同类地铁工程项目的融资决策提供参考。%Rational financing scheme is the key to achieve success of Metro projects.The risk factors of Metro project financing scheme are analyzed by WBS-RBS method;and the risk assessment index system of Metro project financing scheme is established by Delphi technique.Every index weight is calculated by grey relation entropy method;and the financing scheme selection model based on weight coefficient grey target theory is proposed.The construction practice of Qingdao Metro Line No.5 shows that the model is feasible.The results can provide reference for financing decision of similar projects in the future.