Innovative Model of Single Target Coordinated Management in Major Constructions Based on the Timeliness of Information

DOI

10.2991/emim-16.2016.202How to use a DOI?

Keywords

Coordinated management; Timeliness of information; Major constructions; Game theory

Abstract

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.

Copyright

© 2016, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

Download article (PDF)

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  - Proceedings of the 6th International Conference on Electronic, Mechanical, Information and Management Society
PB  - Atlantis Press
SP  - 979
EP  - 985
SN  - 2352-538X
UR  - https://doi.org/10.2991/emim-16.2016.202
DO  - 10.2991/emim-16.2016.202
ID  - Zhao2016/04
ER  -