Research on profit distribution of IPD project's participants based on cooperative game theory

Yue Teng; Xiao Li; Huiping Li; Shirong Li; Bo Xu; Jun Wang

doi:10.1007/978-981-10-0855-9_92

Research on profit distribution of IPD project's participants based on cooperative game theory

Yue Teng, Xiao Li, Huiping Li, Shirong Li, Bo Xu, Jun Wang

Western Sydney University

Research output: Chapter in Book / Conference Paper › Conference Paper › peer-review

Abstract

Developing IPD (Integrated Project Delivery) in projects requires the operable implementation scheme that can improve productivity and earn more profits. And it is important to provide incentives tied to achieving project goals. This paper suggested cooperative game theory as the method for analyzing profit distribution in IPD project and determined the designer, construction contractor, owner, BIM consultant as the key participants according the degree of importance in IPD projects. The main purpose of this paper is to: (1) Building the framework of BIM platform and using information sharing to guarantee the achievement of IPD project. (2) Exploring the profit distribution model of IPD according to various cooperative game theoretic solution methods. (3) Using the Shapley value to achieve the distribution of profits and the FCE (Fuzzy Comprehensive Evaluation) methods to quantize the risk of each index, while the AHP (Analytic Hierarchy Process) was used to give the weight. (4) Exploring the application of the identified allocation rules based on the case study of Autodesk Inc.

Original language	English
Title of host publication	Proceedings of the 20th International Symposium on Advancement of Construction Management and Real Estate, 23-25 October 2015, Hangzhou, China
Publisher	Springer
Pages	1045-1056
Number of pages	12
ISBN (Print)	9789811008542
DOIs	https://doi.org/10.1007/978-981-10-0855-9_92
Publication status	Published - 2017
Event	International Symposium on Advancement of Construction Management and Real Estate - Duration: 23 Oct 2015 → …

Conference

Conference	International Symposium on Advancement of Construction Management and Real Estate
Period	23/10/15 → …

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10.1007/978-981-10-0855-9_92

Cite this

Teng, Y., Li, X., Li, H., Li, S., Xu, B., & Wang, J. (2017). Research on profit distribution of IPD project's participants based on cooperative game theory. In Proceedings of the 20th International Symposium on Advancement of Construction Management and Real Estate, 23-25 October 2015, Hangzhou, China (pp. 1045-1056). Springer. https://doi.org/10.1007/978-981-10-0855-9_92

@inproceedings{460aeb65fb98492a8fd7dd7cdda6a069,

title = "Research on profit distribution of IPD project's participants based on cooperative game theory",

abstract = "Developing IPD (Integrated Project Delivery) in projects requires the operable implementation scheme that can improve productivity and earn more profits. And it is important to provide incentives tied to achieving project goals. This paper suggested cooperative game theory as the method for analyzing profit distribution in IPD project and determined the designer, construction contractor, owner, BIM consultant as the key participants according the degree of importance in IPD projects. The main purpose of this paper is to: (1) Building the framework of BIM platform and using information sharing to guarantee the achievement of IPD project. (2) Exploring the profit distribution model of IPD according to various cooperative game theoretic solution methods. (3) Using the Shapley value to achieve the distribution of profits and the FCE (Fuzzy Comprehensive Evaluation) methods to quantize the risk of each index, while the AHP (Analytic Hierarchy Process) was used to give the weight. (4) Exploring the application of the identified allocation rules based on the case study of Autodesk Inc.",

author = "Yue Teng and Xiao Li and Huiping Li and Shirong Li and Bo Xu and Jun Wang",

year = "2017",

doi = "10.1007/978-981-10-0855-9_92",

language = "English",

isbn = "9789811008542",

pages = "1045--1056",

booktitle = "Proceedings of the 20th International Symposium on Advancement of Construction Management and Real Estate, 23-25 October 2015, Hangzhou, China",

publisher = "Springer",

note = "International Symposium on Advancement of Construction Management and Real Estate ; Conference date: 23-10-2015",

}

Teng, Y, Li, X, Li, H, Li, S, Xu, B & Wang, J 2017, Research on profit distribution of IPD project's participants based on cooperative game theory. in Proceedings of the 20th International Symposium on Advancement of Construction Management and Real Estate, 23-25 October 2015, Hangzhou, China. Springer, pp. 1045-1056, International Symposium on Advancement of Construction Management and Real Estate, 23/10/15. https://doi.org/10.1007/978-981-10-0855-9_92

Research on profit distribution of IPD project's participants based on cooperative game theory. / Teng, Yue; Li, Xiao; Li, Huiping et al.
Proceedings of the 20th International Symposium on Advancement of Construction Management and Real Estate, 23-25 October 2015, Hangzhou, China. Springer, 2017. p. 1045-1056.

Research output: Chapter in Book / Conference Paper › Conference Paper › peer-review

TY - GEN

T1 - Research on profit distribution of IPD project's participants based on cooperative game theory

AU - Teng, Yue

AU - Li, Xiao

AU - Li, Huiping

AU - Li, Shirong

AU - Xu, Bo

AU - Wang, Jun

PY - 2017

Y1 - 2017

N2 - Developing IPD (Integrated Project Delivery) in projects requires the operable implementation scheme that can improve productivity and earn more profits. And it is important to provide incentives tied to achieving project goals. This paper suggested cooperative game theory as the method for analyzing profit distribution in IPD project and determined the designer, construction contractor, owner, BIM consultant as the key participants according the degree of importance in IPD projects. The main purpose of this paper is to: (1) Building the framework of BIM platform and using information sharing to guarantee the achievement of IPD project. (2) Exploring the profit distribution model of IPD according to various cooperative game theoretic solution methods. (3) Using the Shapley value to achieve the distribution of profits and the FCE (Fuzzy Comprehensive Evaluation) methods to quantize the risk of each index, while the AHP (Analytic Hierarchy Process) was used to give the weight. (4) Exploring the application of the identified allocation rules based on the case study of Autodesk Inc.

AB - Developing IPD (Integrated Project Delivery) in projects requires the operable implementation scheme that can improve productivity and earn more profits. And it is important to provide incentives tied to achieving project goals. This paper suggested cooperative game theory as the method for analyzing profit distribution in IPD project and determined the designer, construction contractor, owner, BIM consultant as the key participants according the degree of importance in IPD projects. The main purpose of this paper is to: (1) Building the framework of BIM platform and using information sharing to guarantee the achievement of IPD project. (2) Exploring the profit distribution model of IPD according to various cooperative game theoretic solution methods. (3) Using the Shapley value to achieve the distribution of profits and the FCE (Fuzzy Comprehensive Evaluation) methods to quantize the risk of each index, while the AHP (Analytic Hierarchy Process) was used to give the weight. (4) Exploring the application of the identified allocation rules based on the case study of Autodesk Inc.

UR - https://hdl.handle.net/1959.7/uws:61412

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DO - 10.1007/978-981-10-0855-9_92

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BT - Proceedings of the 20th International Symposium on Advancement of Construction Management and Real Estate, 23-25 October 2015, Hangzhou, China

PB - Springer

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ER -

Research on profit distribution of IPD project's participants based on cooperative game theory

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