Research Article

Study on Grey Correlation Degree Decision-Making Model for Investment Scheme on High-Grade Highways in Western China

Table 5

Decision-making evaluation index system of the investment scheme for high-grade highways in western China.

Target levelFirst-level index levelSecond-level index levelThird-level index level

Technical advancement M1Construction condition AAdaptability of natural conditions A1Location A11; geological factor A12; landform A13;
water regime A14; climate A15
Adaptability of social conditions A2Policy A22; talents A23; support A24; tax incentives A25;
market conditions A26
Technical capability BSurvey and design capability B1Building scale B11; route trend B13; major control points B14;
traffic forecast quantity B15
Construction technology capability B2Construction technology of roadbed, road surface, water proof, and drainage system B21;
construction technology of bridge and culvert B23;
safety of technical solutions B25;
comprehensive management capability of site construction B27
Economic rationality M2Economic effect CTotal investment estimation C1Estimation of fixed assets C11; estimation of liquidity C12
Financial evaluation conclusion C2Financial internal rate of return C21; capital gains rate C22;
gain rate of all investment parties C23;
financial net present value C24; investment payoff period C25;
return on investmentC26; payment date of loan C27;
debt service coverage ratio C28
National economic evaluation conclusion C3Economic internal rate of return C31;
economic net present value C32; economic benefit cost ratio C33
Social effect DSocial effect D1Influence rate of local employment D11;
influence rate of local customs D12
Land using effect D2Immigrant resettlement rate D21; land acquisition rate D22
Development effect among regions D3Percentage of improvement in living standards D32;
urbanization rate D33
Environment effect EEnvironmental pollution control effect E1Ratio of water pollution control E11;
ratio of air pollution control E12;
ratio of noise pollution control E13;
ratio of solid waste control E14
Recovery effect of ecological damage E2Soil erosion rate E21; reclamation rate of temporary ground E22; implantation rate of green space E23;
return rate of cultivated land E24;
return rate of land fertility E25
Biological conservation effect E3Survival rateE31; vegetation coverage E32;
species protection rate E33