Methods Dealing with Complexity in Selecting Joint Venture Contractors for Large-Scale Infrastructure Projects
The magnitude of business dynamics has increased rapidly due to increased complexity, uncertainty, and risk of large-scale infrastructure projects. This fact made it increasingly tough to “go alone” into a contractor. As a consequence, joint venture contractors with diverse strengths and weaknesses...
Saved in:
| Main Authors: | , , |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
Wiley
2018-01-01
|
| Series: | Complexity |
| Online Access: | http://dx.doi.org/10.1155/2018/8705134 |
| Tags: |
Add Tag
No Tags, Be the first to tag this record!
|
| _version_ | 1832548469841068032 |
|---|---|
| author | Ru Liang Zhaohan Sheng Xiangyu Wang |
| author_facet | Ru Liang Zhaohan Sheng Xiangyu Wang |
| author_sort | Ru Liang |
| collection | DOAJ |
| description | The magnitude of business dynamics has increased rapidly due to increased complexity, uncertainty, and risk of large-scale infrastructure projects. This fact made it increasingly tough to “go alone” into a contractor. As a consequence, joint venture contractors with diverse strengths and weaknesses cooperatively bid for bidding. Understanding project complexity and making decision on the optimal joint venture contractor is challenging. This paper is to study how to select joint venture contractors for undertaking large-scale infrastructure projects based on a multiattribute mathematical model. Two different methods are developed to solve the problem. One is based on ideal points and the other one is based on balanced ideal advantages. Both of the two methods consider individual difference in expert judgment and contractor attributes. A case study of Hong Kong-Zhuhai-Macao-Bridge (HZMB) project in China is used to demonstrate how to apply these two methods and their advantages. |
| format | Article |
| id | doaj-art-8110fa37848f450d9b74b873fff23fa7 |
| institution | Kabale University |
| issn | 1076-2787 1099-0526 |
| language | English |
| publishDate | 2018-01-01 |
| publisher | Wiley |
| record_format | Article |
| series | Complexity |
| spelling | doaj-art-8110fa37848f450d9b74b873fff23fa72025-02-03T06:13:55ZengWileyComplexity1076-27871099-05262018-01-01201810.1155/2018/87051348705134Methods Dealing with Complexity in Selecting Joint Venture Contractors for Large-Scale Infrastructure ProjectsRu Liang0Zhaohan Sheng1Xiangyu Wang2School of Management and Engineering, Nanjing University, Nanjing 210093, ChinaSchool of Management and Engineering, Nanjing University, Nanjing 210093, ChinaSchool of Built Environment, Curtin University, Perth, WA 6102, AustraliaThe magnitude of business dynamics has increased rapidly due to increased complexity, uncertainty, and risk of large-scale infrastructure projects. This fact made it increasingly tough to “go alone” into a contractor. As a consequence, joint venture contractors with diverse strengths and weaknesses cooperatively bid for bidding. Understanding project complexity and making decision on the optimal joint venture contractor is challenging. This paper is to study how to select joint venture contractors for undertaking large-scale infrastructure projects based on a multiattribute mathematical model. Two different methods are developed to solve the problem. One is based on ideal points and the other one is based on balanced ideal advantages. Both of the two methods consider individual difference in expert judgment and contractor attributes. A case study of Hong Kong-Zhuhai-Macao-Bridge (HZMB) project in China is used to demonstrate how to apply these two methods and their advantages.http://dx.doi.org/10.1155/2018/8705134 |
| spellingShingle | Ru Liang Zhaohan Sheng Xiangyu Wang Methods Dealing with Complexity in Selecting Joint Venture Contractors for Large-Scale Infrastructure Projects Complexity |
| title | Methods Dealing with Complexity in Selecting Joint Venture Contractors for Large-Scale Infrastructure Projects |
| title_full | Methods Dealing with Complexity in Selecting Joint Venture Contractors for Large-Scale Infrastructure Projects |
| title_fullStr | Methods Dealing with Complexity in Selecting Joint Venture Contractors for Large-Scale Infrastructure Projects |
| title_full_unstemmed | Methods Dealing with Complexity in Selecting Joint Venture Contractors for Large-Scale Infrastructure Projects |
| title_short | Methods Dealing with Complexity in Selecting Joint Venture Contractors for Large-Scale Infrastructure Projects |
| title_sort | methods dealing with complexity in selecting joint venture contractors for large scale infrastructure projects |
| url | http://dx.doi.org/10.1155/2018/8705134 |
| work_keys_str_mv | AT ruliang methodsdealingwithcomplexityinselectingjointventurecontractorsforlargescaleinfrastructureprojects AT zhaohansheng methodsdealingwithcomplexityinselectingjointventurecontractorsforlargescaleinfrastructureprojects AT xiangyuwang methodsdealingwithcomplexityinselectingjointventurecontractorsforlargescaleinfrastructureprojects |