Negotiation Based Project Risk Management Framework
In view of the distribution feature of decision-making between owner and contractors, a novel decision-making framework based on negotiation is proposed. The owner and contractors negotiate on completion time in order to obtain the expected completion probability of a project with the constraint of cost. Considering the dynamic property of risks, Markov process is used in each subproject. The evaluation mechanism of the owner is presented based on program evaluation and review technique (PERT) and negotiation tactics are designed. Numerical analysis shows that this framework can achieve effective risk management.
Risk Management Negotiation Markov Process PERT
Guanjie Jiang Min Huang Ruiyou Zhang Xingwei Wang
College of Information Science and Engineering, Northeastern University ;State Key Laboratory of Syn College of Information Science and Engineering, Northeastern University ;State Key Laboratory of Syn
国际会议
长沙
英文
130-134
2014-05-31（万方平台首次上网日期，不代表论文的发表时间）