Construction Management Game - Deterministic Model

Au, Tung; Bostleman, Richard L.; Parti, Ernest W.

doi:10.1061/jcceaz.0000257

Cited by 22 publications

(2 citation statements)

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“…First of all, when game theory was applied to the bidding process, the earliest work appeared in 1969. Au et al used game theory and random number technology to study the project bidding problem of bidders' competition [1]. Yu pointed out that the bidding process of engineering projects is essentially a game between tenderers and bidders, and between bidders [2].…”

Section: Literature Reviewmentioning

confidence: 99%

Research on Bidding Game and Its Application Based on Copetition Scenario

Sun

2021

Mathematical Problems in Engineering

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Bidding decision is not only a science, an art, but also a game. The more intense the competition, the more important the game. In practice, there is the possibility of collaboration between bidders and even hidden competing behaviors such as bidding rigging. In this study, the optimized low-price bid winning method was discussed, and the characteristics and application of the bidding game under the copetition scenarios were studied. The results show the following: (1) Under the copetition scenario, the rational bidding behavior of bidders will deviate according to the different information advantages, and there is a game of making bidding strategy decisions according to the competitive scenario. (2) There is a close functional relationship between the winning bid result and the evaluation elimination factor, the number of bidders, and the number of bidders who operate bidding rigging. (3) Based on the quotation strategy matrix modeling, it enables the quantitative decision making bid amount, offer score, and deviation risk. This study enriches the theory of quota decision in copetition scenarios and is enlightening for similar business behavior game decisions.

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Section: Literature Reviewmentioning

confidence: 99%

Research on Bidding Game and Its Application Based on Copetition Scenario

Sun

2021

Mathematical Problems in Engineering

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“…The first approach to games and simulations as an educational tool in engineering is the "Construction Management Game" (Au et al, 1969) which simulates the bidding process in the construction industry. This model has inspired a variety of research efforts in the area of games and simulations: CONSTRUCTO (Halpin and Woodhead, 1970), AROUSAL (Ndekugri andLansley, 1992), SuperBid (AbouRizk, 1992), Parade of Trades (Choo and Tommelein, 1999), Simphony (Hajjar and AbouRizk, 1999), STRATEGY (McCabe et al, 2000), The Construction Marketing Game (Bichot, 2001), VIRCON (Jaafari et al, 2001), ER (Nassar, 2002), and the Virtual Coach (Rojas and Mukherjee, 2005).…”

Section: Literature Reviewmentioning

confidence: 99%

Designing an Experiential Learning with Simulations and Games to Improve Education in an Undergraduate Engineering Major

Zapalska

2021

AJEE

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This paper illustrates an experiential learning exercise that is designed to be played in an engineering undergraduate program. The author uses simulation that creates an active and experiential learning environment in which individual teams make decisions based on imperfect information and conflicting goals. The simulation allows players to control certain aspects of the information flow relevant to the market, to develop relevant business strategies and communication skills, and to establish understanding of ethical values that are relevant to business environment. The simulation was designed to allow engineering students to advance and practice business skills that are essential for engineers to stay successful in an increasingly competitive business environment. The objective is to extract maximum learning from the experience using an experiential learning model. This paper contributes to the literature on designing active learning with the use of games and simulations while utilizing the Kolb experiential learning model.

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