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- Publisher Website: 10.1061/(ASCE)0733-9364(2007)133:5(385)
- Scopus: eid_2-s2.0-34247222582
- WOS: WOS:000245835400005
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Article: Using bargaining-game theory for negotiating concession period for BOT-type contract
Title | Using bargaining-game theory for negotiating concession period for BOT-type contract |
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Authors | |
Keywords | Benefit Cost Ratios Construction Management Contract Management Negotiations Project Management |
Issue Date | 2007 |
Publisher | American Society of Civil Engineers. The Journal's web site is located at http://www.pubs.asce.org/journals/co.html |
Citation | Journal Of Construction Engineering And Management, 2007, v. 133 n. 5, p. 385-392 How to Cite? |
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. © ASCE. |
Persistent Identifier | http://hdl.handle.net/10722/168754 |
ISSN | 2023 Impact Factor: 4.1 2023 SCImago Journal Rankings: 1.071 |
ISI Accession Number ID | |
References |
DC Field | Value | Language |
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dc.contributor.author | Shen, LY | en_US |
dc.contributor.author | Bao, HJ | en_US |
dc.contributor.author | Wu, YZ | en_US |
dc.contributor.author | Lu, WS | en_US |
dc.date.accessioned | 2012-10-08T03:32:08Z | - |
dc.date.available | 2012-10-08T03:32:08Z | - |
dc.date.issued | 2007 | en_US |
dc.identifier.citation | Journal Of Construction Engineering And Management, 2007, v. 133 n. 5, p. 385-392 | en_US |
dc.identifier.issn | 0733-9364 | en_US |
dc.identifier.uri | http://hdl.handle.net/10722/168754 | - |
dc.description.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. © ASCE. | en_US |
dc.language | eng | en_US |
dc.publisher | American Society of Civil Engineers. The Journal's web site is located at http://www.pubs.asce.org/journals/co.html | en_US |
dc.relation.ispartof | Journal of Construction Engineering and Management | en_US |
dc.subject | Benefit Cost Ratios | en_US |
dc.subject | Construction Management | en_US |
dc.subject | Contract Management | en_US |
dc.subject | Negotiations | en_US |
dc.subject | Project Management | en_US |
dc.title | Using bargaining-game theory for negotiating concession period for BOT-type contract | en_US |
dc.type | Article | en_US |
dc.identifier.email | Lu, WS:wilsonlu@hku.hk | en_US |
dc.identifier.authority | Lu, WS=rp01362 | en_US |
dc.description.nature | link_to_subscribed_fulltext | en_US |
dc.identifier.doi | 10.1061/(ASCE)0733-9364(2007)133:5(385) | en_US |
dc.identifier.scopus | eid_2-s2.0-34247222582 | en_US |
dc.identifier.hkuros | 167716 | - |
dc.relation.references | http://www.scopus.com/mlt/select.url?eid=2-s2.0-34247222582&selection=ref&src=s&origin=recordpage | en_US |
dc.identifier.volume | 133 | en_US |
dc.identifier.issue | 5 | en_US |
dc.identifier.spage | 385 | en_US |
dc.identifier.epage | 392 | en_US |
dc.identifier.isi | WOS:000245835400005 | - |
dc.publisher.place | United States | en_US |
dc.identifier.scopusauthorid | Shen, LY=7401704702 | en_US |
dc.identifier.scopusauthorid | Bao, HJ=8640336700 | en_US |
dc.identifier.scopusauthorid | Wu, YZ=35772932700 | en_US |
dc.identifier.scopusauthorid | Lu, WS=24173836000 | en_US |
dc.identifier.issnl | 0733-9364 | - |