Skip to main content

Research Repository

Advanced Search

Quantifying robustness in PFI's

Eaton, D; Sundaraj, G

Authors

D Eaton

G Sundaraj



Abstract

Purpose – The purpose of this paper is to define and quantify the term robustness within the context of a Private Finance Initiative (PFI) project environment from the perspective of the Granting Authority. The paper is conceptual, based on conceptual generalisations.

Design/methodology/approach – The paper considers the theory of systems thinking within PFI procurement. This is further integrated with the concept of robustness and resilience used extensively in the ecology discipline. Combining the two, this paper presents a mathematical approach of quantifying robustness in PFI projects.

Findings – An analytical model is used to support the mathematical analysis to quantify and define robustness.

Research limitations/implications – The quantifying of robustness is based on the principal assumptions presented in the paper. The principal assumptions provide an ideal situation which is necessary to pursue and develop the proposed approach to quantify robustness. Changes to the assumptions may affect the generalisability of the approach.

Originality/value – The paper provides a greater definition to robustness within PFI projects and the possibility of quantifying robustness to better monitor and manage the characteristic.

Citation

Eaton, D., & Sundaraj, G. (2013). Quantifying robustness in PFI's. Journal of Financial Management of Property and Construction, 18(1), 26-52. https://doi.org/10.1108/13664381311305069

Journal Article Type Article
Publication Date Jan 1, 2013
Deposit Date Jan 24, 2014
Journal Journal of Financial Management of property and Construction
Print ISSN 1366-4387
Publisher Emerald
Peer Reviewed Peer Reviewed
Volume 18
Issue 1
Pages 26-52
DOI https://doi.org/10.1108/13664381311305069
Publisher URL http://dx.doi.org/10.1108/13664381311305069
Related Public URLs http://www.emeraldinsight.com/journals.htm?issn=1366-4387&PHPSESSID=e3adv5455hbi8q28e8tctuq4k3