Research On PFI Model Of Nursing Home Project

At present,the problem of aging population in our country is becoming more and more serious,and the traditional family pension mode cannot meet the needs of the current social pension,the problems of institutional endowment model are increasingly prominent.Applying PFI(private finance initiative)mode construct nursing homes,on the one hand,the government can ease the problems of infrastructure construction fund shortage,low operational efficiency,on the other hand,can make the private sector to improve the management efficiency and quality of the professional advantages into full play.However,it is because of the characteristics of many participants in the PFI project,there must be a balance and coordination between risk sharing and income distribution in the process of cooperation between the public and private parties.Therefore,the purpose of this paper is to formulate a reasonable risk sharing and income allocation scheme for PFI nursing home project and to find the optimal equilibrium solution of both risks and return for both sides.First of all,on the basis of defining the nature of the service provided by the nursing home,combined with the characteristics of the PFI financing model and the applicable project types,this paper puts forward the construction ideas of the PFI project in the nursing home.Secondly,this paper studies the risk sharing problem of PFI project in a nursing home.Through risk identification process to determine the risk type of PFI nursing home project,design two stages of risk sharing process.In the process of risk re sharing,the Robin Stein infinite bargaining game model is adopted,and the risk subsidy coefficient is introduced into the basic model to determine the specific share of the shared risk of both the public and private parties.Then the paper discusses the income distribution problem of the public sector and the private sector,based on the basic Shapley value method to calculate the income distribution of the risk factor was introduced to improve the model,determining the correction coefficient of Shapley value profit distribution model,so as to achieve the projected revenue correction function.Finally this paper makes a case analysis of the above model.results show that : risk subsidy coefficient in the risk sharing model and the optimal proportion of public sector is increasing function relationship;risk factor after improved Shapley value model of profit distribution that carry a higher risk of a party to obtain a higher income,the more income distribution reasonable compared with the basic Shapley model can better reflect the distribution is consistent with the principles of risk and return,achieving greater economic benefits and social benefits for the PFI project in nursing homes,which may help the government and the private sector in the PPP project to provide decision support of choosing appropriate way of sharing risk and determining the benefits reasonable allocation plan.