• DocumentCode
    2215718
  • Title

    Incentive Mechanism of Management Stakeholders in Large-Scale Highway Construction Project Based on Game Analysis

  • Author

    Li, Jiangmin ; Yan, Liang ; Xie, Xiongbiao ; Zeng, Xiaowen

  • Author_Institution
    Sch. of Econ. & Manage., China Univ. of Geosci., Wuhan, China
  • fYear
    2009
  • fDate
    26-28 Dec. 2009
  • Firstpage
    4334
  • Lastpage
    4337
  • Abstract
    Large-scale highway construction projects present a principal-agent relationship chain at two levels and have four stakeholders under the deputy construction system, and the effect of cooperation among the stakeholders are deeply influenced by the incentive mechanism. Based on the principal-agent theory, the article analyzed gamble models between government and project owners, project owners and supervisors from the perspective of behavior and benefit, and established corresponding incentive mechanisms according to different management stakeholders in large-scale highway construction projects.
  • Keywords
    game theory; incentive schemes; roads; deputy construction system; gamble models; game analysis; incentive mechanism; large-scale highway construction project; management stakeholders; principal-agent relationship; principal-agent theory; project owners; Conference management; Contracts; Cost function; Engineering management; Geology; Government; Large-scale systems; Optimal control; Project management; Road transportation;
  • fLanguage
    English
  • Publisher
    ieee
  • Conference_Titel
    Information Science and Engineering (ICISE), 2009 1st International Conference on
  • Conference_Location
    Nanjing
  • Print_ISBN
    978-1-4244-4909-5
  • Type

    conf

  • DOI
    10.1109/ICISE.2009.671
  • Filename
    5454858