2021
DOI: 10.31814/stce.nuce2021-15(3)-10
|View full text |Cite
|
Sign up to set email alerts
|

Applying the noncooperative game model for compensation concept in contractor selection process for large-scale projects

Abstract: Nowadays, the scale of construction projects has been larger and more complex, the tender preparation is often costly to the bidder thus. It is becoming one of the primary barriers for attracting bidder’s involvement, as well as contractor's encouraging high effort. Bid compensation concept is proposed as a reward to foster the bidder participating in a higher endeavor. Game theory is ideal for modeling the dynamics and deriving high-effort strategies for bid compensation. The experiment results have demonstra… Show more

Help me understand this report

Search citation statements

Order By: Relevance

Paper Sections

Select...
2
1
1

Citation Types

0
4
0

Year Published

2022
2022
2023
2023

Publication Types

Select...
4

Relationship

2
2

Authors

Journals

citations
Cited by 4 publications
(4 citation statements)
references
References 21 publications
0
4
0
Order By: Relevance
“…Vu-Hong-Son et al ( 2022 ) presented a new hybird artificial intelligent model to optimize the material supply chain save cost for construction contractors. Son and Anh ( 2021 ) used game-theoretic method to solve the Nash equilibirum solution. Son and Khoi ( 2022 ) optimized the time–cost–quality trade-off problem by using the new model of slime mold algorithm for construction projects.…”
Section: Literature Reviewmentioning
confidence: 99%
See 1 more Smart Citation
“…Vu-Hong-Son et al ( 2022 ) presented a new hybird artificial intelligent model to optimize the material supply chain save cost for construction contractors. Son and Anh ( 2021 ) used game-theoretic method to solve the Nash equilibirum solution. Son and Khoi ( 2022 ) optimized the time–cost–quality trade-off problem by using the new model of slime mold algorithm for construction projects.…”
Section: Literature Reviewmentioning
confidence: 99%
“…Son et al ( 2021 ) presented the optimization algorithm of the dragonfly particle swarm for the cost optimization of construction material. Son and Anh ( 2021 ) created a game model for the contractor selection process’ compensation idea, and Son ( 2021 ) used a dynamic hybrid bacterium to optimize the layout of the construction site. To improve freight coordination, Son and Khoi ( 2020 ) created the African wild dog algorithm.…”
Section: Literature Reviewmentioning
confidence: 99%
“…To lower the cost of establishing water distribution networks, the GWO-HHO is being researched [26]. Construction material cost optimization using the dragonfy-particle swarm optimization method [27,28] has developed a game model for compensation in the contractor selection process. Te author has published a large number of works on artifcial intelligence studies in the area of construction management.…”
Section: Research Experiencementioning
confidence: 99%
“…In Vietnam, there have been studies introducing the new concept of selecting a contractor with win-win motive [3], and studies focusing on analyzing contract management techniques on legal perspective [4], however, the authors observe there is a lack of study on dispute resolution, especially disputes over project delays during the construction phase in both academic and practical fields.…”
Section: Introductionmentioning
confidence: 99%