2018
DOI: 10.1155/2018/5928235
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Complexity Analysis of Prefabrication Contractors’ Dynamic Price Competition in Mega Projects with Different Competition Strategies

Abstract: This paper considers a repeated duopoly game of prefabrication contractors in mega infrastructure projects and assumes the contractors exhibit bounded rationality. Based on the theory of bifurcation of dynamical systems, a dynamic price competition model is constructed considering different competition strategies. Accordingly, the stability of the equilibrium point of the system is discussed considering different initial market capacities, and numerical simulation is performed. The results show the system has … Show more

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Cited by 63 publications
(33 citation statements)
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“…Number of specializations involved in the project, 4 (Bjorvatn & Wald 2018;Bosch-Rekveldt et al, 2018;Callegari et al, 2018;Dao et al, 2016;Eriksson et al, 2017;Forozandeh et al, 2018;Habibi et al, 2018;Hartono, 2018;He et al, 2015;Hu et al, 2015;Abdou et al, 2016;Kuhn et al, 2018;Lessard et al, 2014;Li et al, 2018;Makui et al, 2018;Maylor & Turner, 2017;Mirza & Ehsan, 2017;Mok et al, 2015;Mozaffari et al, 2012;Nachbagauer & Schirl-Boeck, 2019;Nguyen et al, 2015;Qazi et https://doi.org/10.15405/epms.2019.12.6 Corresponding Author: Mohammad Mohseni Selection and peer-review under 14 al., 2016;Qiu et al, 2019;Rolstadås & Schiefloe 2017;Senescu et al, 2013;Shahhossein et al, 2017;Sheffield et al, 2012;Shi et al 2018;Silva, Akchurin, & Bebbington, 2018;Sridarran et al, 2017;Turner & Xue, 2018;Zhu & Mostafavi, 2017) Common vision of the project team, 3…”
Section: Referred Researchersmentioning
confidence: 99%
“…Number of specializations involved in the project, 4 (Bjorvatn & Wald 2018;Bosch-Rekveldt et al, 2018;Callegari et al, 2018;Dao et al, 2016;Eriksson et al, 2017;Forozandeh et al, 2018;Habibi et al, 2018;Hartono, 2018;He et al, 2015;Hu et al, 2015;Abdou et al, 2016;Kuhn et al, 2018;Lessard et al, 2014;Li et al, 2018;Makui et al, 2018;Maylor & Turner, 2017;Mirza & Ehsan, 2017;Mok et al, 2015;Mozaffari et al, 2012;Nachbagauer & Schirl-Boeck, 2019;Nguyen et al, 2015;Qazi et https://doi.org/10.15405/epms.2019.12.6 Corresponding Author: Mohammad Mohseni Selection and peer-review under 14 al., 2016;Qiu et al, 2019;Rolstadås & Schiefloe 2017;Senescu et al, 2013;Shahhossein et al, 2017;Sheffield et al, 2012;Shi et al 2018;Silva, Akchurin, & Bebbington, 2018;Sridarran et al, 2017;Turner & Xue, 2018;Zhu & Mostafavi, 2017) Common vision of the project team, 3…”
Section: Referred Researchersmentioning
confidence: 99%
“…Requejo and Camacho [54] also studied the evolution of cooperative behavior under finite resources by combining a resource-based model with evolutionary game theory. Shi [55] and Zhu [56] studied multi-supplier cooperation and competition during the prefabricated production of key components for mega projects using an evolutionary perspective.…”
Section: Literature Reviewmentioning
confidence: 99%
“…Besides BIM, other construction practices are experiencing an increase in their application in the international construction industry and these include prefabricated construction, public-private partnership (PPP), design-build (DB) and green building [23][24][25][26][27][28][29][30][31]. Klotz [32] describes prefabrication as: "... the manufacturing of parts of a building in a factory before being brought to the site for incorporation in the finished structure.…”
Section: Other Contemporary Construction Practicesmentioning
confidence: 99%