Research Article

Private-Sector Partner Selection for Public-Private Partnership Projects Based on Improved CRITIC-EMW Weight and GRA -VIKOR Method

Table 2

The evaluation indicator system of each alternative enterprise and interpretations.

No.CategoriesIndicatorsInterpretationsAttribute

1Quality indicators (Q)Q1: Debt-to-assets ratio (%)Reflecting the assets of the enterprise
2Q2: The number of implemented water conservancy projectsReflecting the enterprise's experience in similar projects+
3Q3: Times of winning the bid for 5-billion-scale PPP projectsReflecting the enterprise's experience in similar modes+
4Q4: The number of qualifications ownedReflecting whether the enterprise has the comprehensive strength to implement the project+

5Economic indicators (E)E1: The scale of financing required for the project (billion yuan)Reflecting the enterprise's capital gap+
6E2: The amount of credit granted by financial institutions (billion yuan)Reflecting the confidence of financial institutions in the enterprise+
7E3: The amount of annual newly signed contract (billion yuan)Reflecting the overall business scale of the enterprise+
8E4: Cumulative government subsidies during the operation period (billion yuan)Reflecting the cost of government expenditure

9Social recognition indicators (S)S1: Times of winning the annual national quality engineering awardsReflecting the recognition of the community and industry+
10S2: Number of environmental accident penaltiesWater conservancy projects have high requirements for environmental protection. This indicator reflects the environmental compliance of the enterprise