Abstracts – Browse Results

Search or browse again.

Click on the titles below to expand the information about each abstract.
Viewing 6 results ...

Abisuga, A, O, Famakin, I, O and Oshodi, O, S (2016) Educational building conditions and the health of users . Construction Economics and Building, 16(04), 19-34.

Aluko, R, O, Adenuga, O, A, Kukoyi, P, O, Soyingbe, A, A and Oyedeji, J, O (2016) Predicting the academic success of architecture students by pre-enrolment requirement: using machine-learning techniques . Construction Economics and Building, 16(04), 86-98.

Hosseinian S, M (2016) An optimal time incentive/disincentive -based compensation in contracts with multiple agents . Construction Economics and Building, 16(04), 35-53.

  • Type: Journal Article
  • Keywords: Time incentive/disincentive compensation, multiple agents, uncertainty, risk, contribution
  • ISBN/ISSN: 2204-9029
  • URL: https://doi.org/10.5130/AJCEB.v16i4.4983
  • Abstract:
    This paper establishes an optimal time incentive/disincentive-based compensation in a contract between a principal and a team of agents. The establishment is based on solving an optimization problem. In order to validate the paper's theoretical development practitioners were engaged in a designed exercise. The paper demonstrates that, at the optimum: the proportion of time incentive/disincentive compensation among agents with the same risk-attitude should reflect the levels of their contributions; the proportion of time incentive/disincentive among agents with the same level of contribution should be lowered for agents with higher levels of risk aversion; and the proportion of time incentive/disincentive to a team of risk averse agents should reduce, and the fixed component of the team fee should increase, when the agents in the team become more risk-averse or the level of the uncertainty in project completion time increases. The paper’s outcome provides guidance to those involved in contracts design for choosing the best way to reward (penalise) multiple agents, form a team, and allow for any time saving (overrun) through the terms of a contract.    

Ibem, E, O, Aduwo, E, B, Tunji-Olayeni, P, Ayo-Vaughan, E, A and Uwakonye, U, O (2016) Factors influencing e-Procurement adoption in the Nigerian building industry . Construction Economics and Building, 16(04), 54-67.

Langston, C and Ghanbaripour, A, N (2016) A Management Maturity Model (MMM) for project-based organisational performance assessment . Construction Economics and Building, 16(04), 68-85.

Teo, A, L, E, Ofori, G, Tjandra, I, K and Kim, H (2016) Design for safety: theoretical framework of the safety aspect of BIM system to determine the safety index . Construction Economics and Building, 16(04), 1-18.