Research On Evaluation Of PFI Mode Operational Risk System Of Pension Real Estate

Since the beginning of the 21st century,China’s old-age care problem has become increasingly prominent.At present,the lack of beds in publicly-run old-age care institutions in China does not meet the needs of social care for the elderly.The elderly have a strong demand for old-age care real estate.The need for an elderly care environment.Against this background,pension real estate invested and constructed by the private sector has gradually become the mainstream form of the industry.In order to broaden investment channels and develop the operating model of elderly real estate,since 2011,the General Office of the State Council has issued the "Plan for the Construction of Social Pension Service System(2011-2015)"."Several Opinions of the State Council on Accelerating the Development of Pension Service Industry",Several opinions of the General Office of the State Council on fully liberalizing the aged care service market and improving the quality of senior care services,and the "Opinions of the General Office of the State Council on Promoting the Development of Senior Care Services" and other documents.In the latest State Council document of 2019,it is pointed out that to strengthen the investment,construction and operation of private capital in the field of pension real estate,it can be seen that the development of the pension real estate industry has received strong government support.The PFI(Private Finance Initiative)model is a financing model for private capital investment.When investing in pension real estate projects,in order to maximize the benefits,the quality of services is often improved.At the same time,it can help the government public sector to solve the problem of insufficient financial expenditure caused by the construction of pension institutions.Studying the operational risk of the PFI model of pension real estate can promote the development of PFI theoretical research on pension real estate in China.At present,most of the applications of China’s PFI projects involve the direction of subways,construction waste treatment,and large-scale infrastructure construction.There is little research on the PFI model for pension real estate.and the PFI model for pension real estate provides a new financing method for infrastructure construction in the elderly in China.The PFI project usually has a long operating period.The lack of research on the PFI operation risk of pension real estate in China has led the private sector to pay attention to the investment in the field of pension real estate.In the elderly group,many managers’ risks are inevitable.Now that the government vigorously promotes private capital for pension real estate investment,it is of great significance to identify and dispose of PFI operation risks of pension real estate for the development of the industry.The risk management and fuzzy analytic hierarchy process(FAHP)in the field of pension real estate is mostly life cycle research,and there is less research on the operation stage of pension real estate.The research method selected in this paper is applied to the risk research in the operation stage,and is a PFI for pension real estate.Model operational risk provides a theoretical basis.Studying the operational risk of the PFI model of pension real estate will help the development of related theoretical research in China.Most domestic PFI project risk studies are applied in subway,construction waste treatment and large-scale infrastructure construction.There are few researches on PFI models for pension real estate.Project management and FAHP research in the field of pension real estate are mostly life cycle studies.There are few studies in the operation stage.The research methods selected in this paper are applied in the operation stage,which lays a theoretical foundation for the operation risk of the PFI model of pension real estate.By constructing a PFI operation risk system for pension real estate,this paper uses the analytic hierarchy process(FAHP)to carry out an empirical analysis of the RK pension project in Jiangsu Province,and combines the expert survey to evaluate the risk of the project and draw relevant conclusions and reference recommendations.For six major sections:Chapter One Introduction.In this chapter,firstly,through the literature review.the articles on PFI operation of pension real estate at home and abroad are sorted out,the main research content and research methods of the paper are proposed,and the technical roadmap is constructed.The second chapter is the definition of the concept and the theoretical basis.This chapter summarizes the related concepts,summarizes the pension real estate operation model,PFI model,and pension real estate PFI operation risk that are in line with China’s development,defines the related concepts,and points out the theoretical basis of the application of the paper,laying the groundwork for the following theory.The third chapter is the construction of PFI operating model and risk system for pension real estate.This chapter defines the PFI operation model of pension real estate in the context of social pensions,analyzes the advantages of applying this operation model,proposes the current status and problems of applying PFI model,constructs a PFI operation risk system for pension real estate,and introduces related risks in detail.The fourth chapter is the construction of the operational risk evaluation model of the pension real estate PFl model.In this chapter,the principle and application process of the fuzzy analytic hierarchy process(FAHP)is used,and the method is proposed to study the feasibility of operating risk in the PFI mode of pension real estate,and to construct a risk evaluation model.Chapter fifth is an empirical analysis—taking the RK project as an example.This chapter analyzes the basic situation of the RK project in Jiangsu Province,and points out that the RK project conforms to the PFI model of pension real estate.The operation risk of the RK pension project is analyzed through FAHP,and the risk evaluation results are obtained,and risk avoidance suggestions are given for the results.Chapter sixth,this chapter summarizes the conclusions of the full text and puts forward relevant policy recommendations.The paper draws the following conclusions:(1)This paper defines the concepts such as PFI model and pension real estate operation risk through literature review.Through the related research of related scholars,this article summarizes the PFI operational risk of pension real estate and proposes the PFI operational risk of pension real estate.system.The system can be applied to operational risk research.It is mainly divided into 6 major items,including policy and legal risk,financial risk,market risk,business management risk.personnel risk,force majeure risk,and a total of 23 small items.(2)This paper uses the method of FAHP and expert survey to investigate and analyze the RK pension real estate project in Jiangsu Province.The calculation results show that the policy and legal risks have the greatest impact on the project operation period.(3)Based on the analysis of the calculation results,it is concluded that the degree of impact on the project during the operation of the pension real estate PFI model is as follows:policy and legal risk>market risk>financial risk>operating management risk>personnel risk>force majeure risk.According to the degree of risk impact,this article gives relevant risk prevention measures,and gives the PFI private sector for reference.