RESEARCH ARTICLE


Analyzing Influencing Factors of Financing Decision for Urban Rail Transit Projects Using DEMATEL Approach



Liangliang Yuan*, 1, 2, Yousong Wang1, Cui Yao2, Yang Sun2
1 School of Civil and Transportation, South China University of Technology, Guangzhou, 510641, Guangdong, China
2 Construction Department, Guangzhou Metro Corporation, Guangzhou, 510038, Guangdong, China


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Creative Commons License
© 2015 Yuan et al;

open-access license: This is an open access article distributed under the terms of the Creative Commons Attribution 4.0 International Public License (CC-BY 4.0), a copy of which is available at: https://creativecommons.org/licenses/by/4.0/legalcode. This license permits unrestricted use, distribution, and reproduction in any medium, provided the original author and source are credited.

* Address correspondence to this author at the School of Civil and Transportation, South China University of Technology, Guangzhou, 510641, Guangdong, China; E-mail: yuanliangliang1978@163.com


Abstract

Financing behavior, based on the financing decision made by the owner of urban rail transit projects, will directly affect the capital cost of its operation and the construction schedule of the project. This paper intended to combine financing demand and financing options with the project construction schedule, quality and investment management, and based on DEMATEL methodology, to identify and sort the factors that constraining the financing behavior and financing structure in rail transit financing and then systematically analyze them. On this basis, the paper kept “Fund Timely Raised and Cost Lowest” as the objective and proposed an optimum framework in response to the financing structure under multi factors.

Keywords: Factors analysis, financing decision-making, the DEMATEL method, urban rail transit.