DocumentCode :
1959845
Title :
A study on incentive mechanism of the large-scale construction performance audit based on the computational experiment
Author :
Chen, Xiaofei ; Cheng, Shuping ; Qiu, Dacan
Author_Institution :
Sch. of Manage. Sci. & Eng., Nanjing Univ., Nanjing, China
Volume :
2
fYear :
2012
fDate :
20-21 Oct. 2012
Firstpage :
256
Lastpage :
260
Abstract :
The characteristics of large-scale constructions, such as multi-agent, multi-stage and multi-target have brought great difficulties to improve the construction´s performance. This paper builds a computational experiment model of the incentive mechanism, and simulates the behavioral strategies of all participants by using computational experiment artificial system. The experiment results show that: the incentive mechanism of performance audit can optimize the project´s performance to a certain extend; in the single-period audit, the subcontractors are more sensitive to the incentive level, and show a strong risk aversion characteristic; while in the multi-period audit, the incentive level lose effectiveness on improving the constructions´ performance, it´s more critical to take the individual´s equity preference into consideration.
Keywords :
auditing; construction industry; incentive schemes; risk management; computational experiment artificial system; construction performance audit; equity preference; incentive mechanism; multiagent characteristics; multiperiod audit; multistage characteristics; multitarget characteristics; risk aversion characteristic; single-period audit; Argon; Computational experiment; incentive mechanism; large-scale construction; performance audit;
fLanguage :
English
Publisher :
ieee
Conference_Titel :
Information Management, Innovation Management and Industrial Engineering (ICIII), 2012 International Conference on
Conference_Location :
Sanya
Print_ISBN :
978-1-4673-1932-4
Type :
conf
DOI :
10.1109/ICIII.2012.6339826
Filename :
6339826
Link To Document :
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