The Risk Allocation Method Based on Fuzzy Integrated Evaluation of Construction Projects

2008 ◽  
Author(s):  
Yun-li Gao ◽  
Lei Jiang
Keyword(s):  
Construction Projects ◽  
Risk Allocation ◽  
Allocation Method

Dynamic modeling of the quantitative risk allocation in construction projects

2014 ◽  
Vol 32 (3) ◽  
pp. 442-451 ◽  
Author(s):  
Farnad Nasirzadeh ◽  
Mostafa Khanzadi ◽  
Mahdi Rezaie
Keyword(s):  
Dynamic Modeling ◽  
Construction Projects ◽  
Risk Allocation

Assessing the impact of risk allocation on sustainable energy innovation (SEI)

2016 ◽  
Vol 9 (2) ◽  
pp. 259-281 ◽  
Author(s):  
Sulafa M Badi ◽  
Stephen Pryke
Keyword(s):  
Construction Projects ◽  
Sustainable Energy ◽  
Empirical Work ◽  
Energy Performance ◽  
Risk Allocation ◽  
Content Type ◽  
Study Approach ◽  
Energy Innovation ◽  
The Impact

Purpose – The allocation of risk among project participants is an important determinant of innovation success in construction projects. The purpose of this paper is to examine the capacity of risk allocation to encourage the implementation of environmental innovation, particularly sustainable energy innovation (SEI), within the private finance initiative (PFI) project delivery model. Design/methodology/approach – A four-case qualitative research methodology is adopted within the context of the UK government’s building schools for the future programme. Findings – The findings identify that SEIs are encouraged on the innovative projects by the perceived clarity, appropriateness, and manageability of the risks associated with the project’s energy performance on the PFI contract. The main SEIs were largely developed as strategies to manage long-term energy performance risks allocated to private sector actors and safeguard their long-term commitment to the project. However, the findings indicate that excessive perceived innovation-related risks, particularly capital cost risk, may restrict further SEIs to be implemented. Research limitations/implications – The qualitative case study approach adopted may limit the generalisability of the findings. Practical implications – The study and provides practical guidance to policymakers and project managers in developing strategies to support the implementation of SEI in PFI projects. Originality/value – The study attends to a significant gap in knowledge as there is a lack of conceptual and empirical work on managing innovative processes for sustainable energy in PFI projects.

Risk allocation in public construction projects: the case of Jordan

2020 ◽  
pp. 1-11
Author(s):  
Mohammed A. Hiyassat ◽  
Fatima Alkasagi ◽  
Mohammad El-Mashaleh ◽  
Ghaleb J. Sweis
Keyword(s):  
Construction Projects ◽  
Risk Allocation ◽  
Public Construction

A New Integrity Risk Allocation Method for BDS GBAS

2021 ◽  
Author(s):  
Zhen Gao ◽  
Kun Fang ◽  
Xiao Li ◽  
Jichao Dong ◽  
Yanbo Zhu ◽  
...  
Keyword(s):  
Risk Allocation ◽  
Allocation Method ◽  
Integrity Risk

scholarly journals A Decision Model Assessing the Owner and Contractor’s Conflict Behaviors in Construction Projects

2018 ◽  
Vol 2018 ◽  
pp. 1-11 ◽  
Author(s):  
Guangdong Wu ◽  
Huanming Wang ◽  
Ruidong Chang
Keyword(s):  
Construction Projects ◽  
Decision Model ◽  
Benefit Sharing ◽  
Risk Allocation ◽  
Net Benefit ◽  
Principal Agent Theory ◽  
Effort Level ◽  
Conflict Behaviors ◽  
Negative Effect ◽  
Positive Effect

Considering the effects of the contractor’s conflict behaviors on the project benefit, a decision model between the owner and contractor’s conflict behaviors in construction projects was constructed using the principal-agent theory and game theory. The model was analyzed under nonconflicting and conflicting conditions, and a numerical simulation and example analysis were proposed to verify the constructed model’s conclusion. The results showed that the effort levels of the owner and contractor not only relate to benefit-sharing coefficient and effort outcome coefficient but also depend on the contractor’s ability of converting the conflict into benefit and the loss caused by conflict behaviors. A higher ability of converting conflicts into benefits and lower levels of the loss caused by conflict behaviors for the contractor lead to lower levels of the net benefit of the owner, conversely higher levels of the net benefit of the contractor. Balancing the contractor’s ability of converting conflicts into benefits and the loss caused by conflict behaviors lead to a more reasonable risk allocation between the owner and contractor, improving the effort level and net benefit. To add value to the construction project, the owner should establish an impartial and reasonable benefit-sharing mechanism, optimize the owner and contractor’s resource arrangement, maximize the positive effect of conflict on project benefits, and avoid the negative effect of conflict. Few studies to date have investigated the effects of conflict behaviors on project benefits in terms of modeling and simulation in construction projects. As such, this study bridges this gap and contributes significant theoretical and practical insights about managing conflict behaviors in an interorganizational context, thus enhancing performance in construction projects.

Risk Allocation in Construction Projects for Government-Linked Company (GLC)

2020 ◽  
Author(s):  
Nur Izzati Ab. Rani ◽  
Muhammad Taufiq Razak ◽  
Fatin Najwa Mohd Nusa ◽  
Che Maznah Mat Isa ◽  
Nur Kamaliah Mustaffa
Keyword(s):  
Construction Projects ◽  
Risk Allocation
Sign in / Sign up

Export Citation Format

Share Document