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The Use of Cooperative Game Theory for Sharing Benefits Resulting from Subcontractors’ Cooperation in Faster Completion and Joint Resources Management

Credit to Download: 1 | Page Numbers 6 | Abstract Views: 148
Year: 2017
COI code: IIEC14_029
Paper Language: English

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Authors The Use of Cooperative Game Theory for Sharing Benefits Resulting from Subcontractors’ Cooperation in Faster Completion and Joint Resources Management

Davood Fathollahi - Department of Industrial Engineering of Payamnoor University, Tehran, Iran
Ramin sadeghian - Department of Industrial Engineering of Payamnoor University, Tehran, Iran

Abstract:

A construction project involves a wide diverse range of professionals that work together for a relatively short period of time on the design and construction of a project. Due to the lack of principled relationships and communication among different sub-contractors involved in projects, many beneficial opportunities cannot be recognized during the construction time. In this study, we discuss how subcontractors can benefit considerably from cooperation to complete faster and to manage joint resource in projects. We present a numerical example which subcontractors agree to put their resources in a joint pool to allocate the resources using a more cost-effective plan. The Shapley value concept is used for allocating of the benefits of cooperation among the cooperating sub-contractors. Results show that significant cost savings can result from full cooperation among sub-contractors based on group rationality as opposed to individual rationality.

Keywords:

Project management; Negotiation; Joint resource; faster completion; Cooperative Game Theory

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COI code: IIEC14_029

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Fathollahi, Davood & Ramin sadeghian, 2017, The Use of Cooperative Game Theory for Sharing Benefits Resulting from Subcontractors’ Cooperation in Faster Completion and Joint Resources Management, 14th International Industrial Engineering Conference, تهران, انجمن مهندسي صنايع ايران - دانشگاه علم و صنعت ايران, https://www.civilica.com/Paper-IIEC14-IIEC14_029.htmlInside the text, wherever referred to or an achievement of this article is mentioned, after mentioning the article, inside the parental, the following specifications are written.
First Time: (Fathollahi, Davood & Ramin sadeghian, 2017)
Second and more: (Fathollahi & sadeghian, 2017)
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