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Abou Houraira, A, Ouali, A, Elhammoumi, O and Fekri, A (2023) Effect of accelerated aging by temperature and moisture variation cycles on the durability of concrete. International Journal of Building Pathology and Adaptation, 41(03), 533-48.
Ackerly, K and Brager, G (2013) Window signalling systems: control strategies and occupant behaviour. Building Research & Information, 41(03), 342-60.
Ahmed, M O and El-adaway, I H (2023) An integrated game-theoretic and reinforcement learning modeling for multi-stage construction and infrastructure bidding. Construction Management and Economics, 41(03), 183–207.
- Type: Journal Article
- Keywords: Construction Bidding; Game Theory; Reinforcement Learning; General Contractor; Subcontractor; Winner's Curse; Cost estimation;
- ISBN/ISSN: 0144-6193
- URL: https://doi.org/10.1080/01446193.2022.2124528
- Abstract:
Construction and infrastructure bidding is a highly competitive and complicated process that entails various uncertainties faced by contractors. The situation is more complex in multi-stage bidding (MSG) where general contractors must deal with the complexity of accounting for the bids of their subcontractors and face a greater threat of falling prey to the winner’s curse (i.e. situation where the winning contractor underestimates the actual cost of the project). Existing research efforts have tackled the issue of the winner’s curse in MSG from the general contractor’s perspective. However, there is a lack of research in developing bidding models that simultaneously aid both general contractors and subcontractors in determining their bid value to mitigate the winner’s curse in MSG. This paper fills this knowledge gap. The authors utilized an interdependent game theory (GT) and reinforcement learning (RL) approach, that includes: formulation of MSG framework; incorporation of two RL algorithms, namely the multiplicative weights and the modified Roth-Erev, to be utilized by subcontractors in preparation of their bids; utilization of MSG game-theoretic bid function for the preparation of the general contractors’ bids for the whole project; development of the MSG-GTRL model; and testing the MSG-GTRL model through simulating various bidding scenarios using a combination of actual and synthetic dataset of infrastructure projects. Results show that integrating GT and RL in MSG bidding enables general contractors and their subcontractors to simultaneously improve their financial state by minimizing the occurrence of negative earnings, and thus, avoiding the winner’s curse in their respective portions of projects.
Atuahene, B T, Kanjanabootra, S and Gajendran, T (2023) Transformative role of big data through enabling capability recognition in construction. Construction Management and Economics, 41(03), 208–31.
Dallasega, P, Schulze, F and Revolti, A (2023) Augmented Reality to overcome Visual Management implementation barriers in construction: a MEP case study. Construction Management and Economics, 41(03), 232–55.
Ech Charqy, Y, Radouani, R and Essahli, M (2023) FE modeling of the effect of conductivity in galvanic corrosion between different types of stainless steel and carbon steel in a structure bolted joint. International Journal of Building Pathology and Adaptation, 41(03), 574-87.
Ertemir, D Y and Edis, E (2023) Sustaining modern heritage buildings: visual defect categorisation guides for the general condition survey of rendered-painted facades. International Journal of Building Pathology and Adaptation, 41(03), 606-24.
Fireman, M C T, Saurin, T A, Formoso, C T, Koskela, L and Tommelein, I D (2023) Slack in production planning and control: a study in the construction industry. Construction Management and Economics, 41(03), 256–76.
Goins, J and Moezzi, M (2013) Linking occupant complaints to building performance. Building Research & Information, 41(03), 361-72.
Gupta, R and Gregg, M (2013) Preventing the overheating of English suburban homes in a warming climate. Building Research & Information, 41(03), 281-300.
Henriques, D F, Clara, M P and Flores-Colen, I (2023) Inspection and structural assessment of traditional timber floors: a practical systematization. International Journal of Building Pathology and Adaptation, 41(03), 675-91.
Ismail, Z A (2023) Improving failure risk by better planning and safety for precast beam-to-column connection elements using physical internet-enabled building information modeling technology: a Malaysian case study. International Journal of Building Pathology and Adaptation, 41(03), 517-32.
Kumar, A, Khare, R, Sankat, S and Madhavi, P (2023) Fire safety assessment for older adults in high-rise residential buildings in India: a comprehensive study. International Journal of Building Pathology and Adaptation, 41(03), 625-46.
Lomas, K J and Kane, T (2013) Summertime temperatures and thermal comfort in UK homes. Building Research & Information, 41(03), 259-80.
Montazami, A and Nicol, F (2013) Overheating in schools: comparing existing and new guidelines. Building Research & Information, 41(03), 317-29.
Schellen, L, Loomans, M, de Wit, M and van Marken Lichtenbelt, W (2013) The influence of different cooling techniques and gender on thermal perception. Building Research & Information, 41(03), 330-41.
Teli, D, James, P A B and Jentsch, M F (2013) Thermal comfort in naturally ventilated primary school classrooms. Building Research & Information, 41(03), 301-16.
Van Den Bossche, N, Blommaert, A and Daniotti, B (2023) The impact of demographical, geographical and climatological factors on building defects in Belgium. International Journal of Building Pathology and Adaptation, 41(03), 549-73.
Ventura, M, S. Dias, I, Flores-Colen, I and Silva, A (2023) Pathology and proactive maintenance of floor finishes. International Journal of Building Pathology and Adaptation, 41(03), 588-605.