Research on VFM quantitative evaluation of PPP project based on fuzzy real option method

Abstract

Value-for-money evaluation can provide decision-making basis for the selection of public project implementation mode. As far as the current situation is concerned, there is a great controversy in the quantitative evaluation of value for money. This paper attempts to explore the option value ignored in the evaluation process of PPP projects by using the concept of triangular fuzzy number in real option B-S model and combining with the traditional quantitative evaluation model. Taking a tourism creative park project as an example, the uncertainty value range is calculated without completely deviating from the existing evaluation system, so as to provide a more comprehensive perspective for the quantitative evaluation of value for money.