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
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;
Conference_Titel :
Information Science and Engineering (ICISE), 2009 1st International Conference on
Conference_Location :
Nanjing
Print_ISBN :
978-1-4244-4909-5
DOI :
10.1109/ICISE.2009.671