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Dunston, P S, Sinfield, J V and Lee, T (2007) Technology Development Decision Economics for Real-Time Rolling Resistance Monitoring of Haul Roads. Journal of Construction Engineering and Management, 133(05), 393–402.

Karam, K S, Karam, J S and Einstein, H H (2007) Decision Analysis Applied to Tunnel Exploration Planning. I: Principles and Case Study. Journal of Construction Engineering and Management, 133(05), 344–53.

Karam, K S, Karam, J S and Einstein, H H (2007) Decision Analysis Applied to Tunnel Exploration Planning. II: Consideration of Uncertainty. Journal of Construction Engineering and Management, 133(05), 354–63.

Keast, R and Hampson, K (2007) Building Constructive Innovation Networks: Role of Relationship Management. Journal of Construction Engineering and Management, 133(05), 364–73.

Sacks, R and Goldin, M (2007) Lean Management Model for Construction of High-Rise Apartment Buildings. Journal of Construction Engineering and Management, 133(05), 374–84.

Shen, L Y, Bao, H J, Wu, Y Z and Lu, W S (2007) Using Bargaining-Game Theory for Negotiating Concession Period for BOT-Type Contract. Journal of Construction Engineering and Management, 133(05), 385–92.

  • Type: Journal Article
  • Keywords: Benefit cost ratios; Construction management; Contract management; Negotiations; Project management;
  • ISBN/ISSN: 0733-9364
  • URL: https://doi.org/10.1061/(ASCE)0733-9364(2007)133:5(385)
  • Abstract:
    This paper extends the build-operate-transfer (BOT) concession model (BOTCcM) to a new method for identifying a concession period by using bargaining-game theory. Concession period is one of the most important decision variables in arranging a BOT-type contract, and there are few methodologies available for helping to determine the value of this variable. The BOTCcM presents an alternative method by which a group of concession period solutions are produced. Nevertheless, a typical weakness in using BOTCcM is that the model cannot recommend a specific time span for concessionary. This paper introduces a new method called BOT bargaining concession model (BOTBaC) to enable the identification of a specific concession period, which takes into account the bargaining behavior of the two parties concerned in engaging a BOT contract, namely, the investor and the government concerned. The application of BOTBaC is demonstrated through using an example case.