• 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