Application of Game Theory Approach in Solving the Construction Project Conflicts

This paper generalises the Hawk-Dove evolutionary game by introducing cost sharing ratios for both players, and applies the generalised Hawk-Dove model to conflict management in projects through investigating the stability of Nash equilibria. A model with clashing interests between a project owner and a contractor is considered to derive their strategy adaptation given the cost sharing ratios. As expected, the pure Nash equilibria are shown to be dominantly stable while the mixed strategy equilibrium is observed to be unstable, across the range of considered cost sharing ratios. In addition, simulations are conducted on the strategy adaptation and stability of the equilibria under noisy and latent conditions. The obtained results can be used by project managers in optimising their strategy in practice.

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“…It has been widely applied in natural and social sciences, but its application in project management has not gained much prevalence [30].…”

Section: Discussionmentioning

confidence: 99%

Instability of Mixed Nash Equilibria in Generalised Hawk-Dove Game: A Project Conflict Management Scenario

Chang

Prokopenko

2017

Games

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“…Game theory and optimisation methods often produce different results. In optimisation methods, all parties are willing to act, which can lead to the best results for the whole system; while in game theory, each party tends to act individually, which can lead to the most logical outcome for that party and not necessarily the best result for the whole system (Barough, Shoubi, & Skardi, 2012).…”

Section: The Buildings Structural Selection Problemmentioning

confidence: 99%

New model for the selection of effective wall solutions for residential buildings

Tamošaitienė

Starta

2019

Modern Building Materials, Structures and Techniques (MBMST)

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Currently, the construction sector is facing requirements for higher quality and efficiency standards as well as objectives related to value creation. In construction, rational decision-making problems often involve creating a unique complex of criteria, which must consider multiple requirements and conditions. The paper presents the developed model for the selection of multi-layered external walls of a residential building. The model considers the following aspects and parameters: time, cost, quality, environmental conditions, aspects of sustainable development, and problemsolving benefits received from the assessment of alternatives and the development of the model. Game theory was used to calculate the defining rational decision. For the calculations was used game theory: Bayes, Wald's rule, Savage criterion, Laplace's rule. This study presents the developed model for the selection of multi-layered external walls of a residential building and calculation results based on game-theory rules, which are effective tools for rational decisionmaking.

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“…These criteria are similar to managing a project whereby there are project objectives, standards and guidelines to follow and managing risks throughout the project. Hence, using game in project management learning provide realistic experience (Aslan & Balci, 2015;Barough et al, 2012;Trybus, 2009). Furthermore, project management game based learning provides risk free environment learning whereby the learners could make mistakes and learn from it.…”

Section: Game Based Learning (Gbl)mentioning

confidence: 99%

Exploring Acceptance Of Game Based Learning From Malaysian Government Professionals’ Perspectives

Abidin¹

2018

The European Proceedings of Social and Behavioural Sciences

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Project managers need to visualize the project, and effectively learn how to manage it. However, this objective is not fully achievable using conventional learning approach via classroom training. Learning using game is introduced to provide a more interactive and engaging learning environment. A survey was conducted to a group of Malaysian Government professionals, where one of their core businesses is project management, to evaluate their acceptance on this approach based on three specific aspects -perceived usefulness, perceived ease of use and intention to use. The professionals responded positively in the survey even though, they were only explained on the concept of game based learning and not experiencing the actual game. This study is very important as the result of this study encourages the acceptance of game based learning in project management field. Future development on the content of the game is required to ensure effective, efficient and engaging learning is achievable.

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Application of Game Theory Approach in Solving the Construction Project Conflicts

Cited by 46 publications

References 18 publications

Instability of Mixed Nash Equilibria in Generalised Hawk-Dove Game: A Project Conflict Management Scenario

Instability of Mixed Nash Equilibria in Generalised Hawk-Dove Game: A Project Conflict Management Scenario

New model for the selection of effective wall solutions for residential buildings

Exploring Acceptance Of Game Based Learning From Malaysian Government Professionals’ Perspectives

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