Innovative Model of Single Target Coordinated Management in Major Constructions Based on the Timeliness of Information
Na Zhao, Shi An
Available Online April 2016.
- https://doi.org/10.2991/emim-16.2016.202How to use a DOI?
- Coordinated management; Timeliness of information; Major constructions; Game theory
- Based on the game theory and agency theory, through the timeliness of information study the innovative pattern of single-target coordinated management in major projects to improve performance and income. The thesis in to optimize the coordinated management by considering a single target which is the timeliness of information between Principal and Agent in major projects, and through it to build an optimized coordinated pattern. Within the fixed cost of major projects, by using the coordinated optimization instead of a prescriptive management, the Principal spur the Agent to deliver and receive information actively and achieve the purpose that coordinately manage the single targeted timeliness of information and improve both sides’ benefit in Pareto. The optimized coordinated pattern puts all related parties together in risk and benefit. This pattern will help to put the benefit of all agents i.e., the construction unit, supervising unit (company or individual) on the success of the major projects and the Principal and build a win-win relationship.
- Open Access
- This is an open access article distributed under the CC BY-NC license.
Cite this article
TY - CONF AU - Na Zhao AU - Shi An PY - 2016/04 DA - 2016/04 TI - Innovative Model of Single Target Coordinated Management in Major Constructions Based on the Timeliness of Information BT - 6th International Conference on Electronic, Mechanical, Information and Management Society PB - Atlantis Press SN - 2352-538X UR - https://doi.org/10.2991/emim-16.2016.202 DO - https://doi.org/10.2991/emim-16.2016.202 ID - Zhao2016/04 ER -