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© 2019. This work is licensed under https://creativecommons.org/licenses/by/4.0/ (the “License”). Notwithstanding the ProQuest Terms and Conditions, you may use this content in accordance with the terms of the License.

Abstract

Given that EPC involves two major stakeholders, i.e., the ESCO and the EU, their decisions can be dynamic and interrelated in EPC project development. [...]an obvious stream of studies was conducted to examine the dynamic decision-making process, mostly based on the game theory (e.g., [4,32,50,51,52]). According to the number of papers annually published in the five research topics (see Table 4), it is clear that significant efforts have been devoted to studies on “implementation of EPC projects” (33.07%), “EPC mechanism and business models” (19.69%), “decision-making in EPC projects” (18.11%), “ESCOs in EPC projects” (14.96%), and “risk management in EPC projects” (14.17%). In a recent study by Winther and Gurigard [74], the results from a pilot EPC project in Norwegian implied that risks considered by EU and ESCO were very different. [...]it is essential to answer “how to deal with EPC project risks from a systematic perspective?” Further studies can be directed to examining causal relationships among EPC risks through, for example, a system dynamics approach or revealing the dynamic evolution of EPC project risks based on the evolutionary game theory. 5. [...]three research trends exist on the topic of “implementation of EPC projects”, including ‘An effective system for measuring and verifying the performance of energy saving through EPC’, ‘Application of EPC in the residential sector’, and ‘The government’s role in promoting EPC application’.

Details

Title
Promoting Energy Performance Contracting for Achieving Urban Sustainability: What is the Research Trend?
Author
Zhang, Wenjie; Yuan, Hongping
Publication year
2019
Publication date
Feb 2019
Publisher
MDPI AG
e-ISSN
19961073
Source type
Scholarly Journal
Language of publication
English
ProQuest document ID
2316752907
Copyright
© 2019. This work is licensed under https://creativecommons.org/licenses/by/4.0/ (the “License”). Notwithstanding the ProQuest Terms and Conditions, you may use this content in accordance with the terms of the License.