Title :
Analysis of the Multasking Principal-agent Model in the Housing Management
Author :
Zhang Yufeng ; Mao Jie ; Cheng Hongqun
Author_Institution :
Sch. of Civiland Archit. Eng., Wuhan Univ., Wuhan, China
Abstract :
There exist three main tasks in housing management including housing and basic equipment maintenance management, environment management and safety management, which form the multitasking principal-agent relation between the owner and the property service enterprise. Based on the overall utility of property service, when the owner delegate property service enterprise with those tasks respectively, the optimal incentive of each task is independent with each other. However, when there is only one enterprise in charge of those tasks, the incentive would change with task costs varying interdependently. The establishment of the model will help the owner to take different incentive measures for different tasks, and realize the “win-win” between the owner and property service enterprise.
Keywords :
real estate data processing; service industries; environment management; equipment maintenance management; housing management; multasking principal agent model; property service enterprise; safety management; Analytical models; Biological system modeling; Contracts; Economics; Integrated circuit modeling; Maintenance engineering; Safety; housing management; multasks; owner; principal-agent model; property service enterprise;
Conference_Titel :
E-Business and E-Government (ICEE), 2010 International Conference on
Conference_Location :
Guangzhou
Print_ISBN :
978-0-7695-3997-3
DOI :
10.1109/ICEE.2010.11