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
Link To Document