Based on multi-objective programming method, this paper reviews the previous\nresearch on the problem of government guarantees in the project financing,\nand puts forward the importance of the research on project selection\nof government guarantee in Build-Operate-Transfer (BOT) or Public Private\nPartnership (PPP) project finance. Through the analysis of the selection criteria\nof guarantee project, we find that the selection problem of government\nguarantee of BOT/PPP infrastructure projects is essentially a multi-objective\ndecision problem. Moreover, we establish a chance-constrained objective\nprogramming model for the government to make the decision to guarantee\nproject selection.
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