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RISEvolutionary Stable Strategy for Postdisaster Insurance: Game Theory Approach
Publisher: American Society of Civil Engineers
Abstract: Mitigation of the financial impacts associated with natural disasters is becoming an urgent objective at both the national and international levels, as the rate and magnitude of natural disasters are continuing to increase. ...
Construction Bidding and the Winner’s Curse: Game Theory Approach
Publisher: American Society of Civil Engineers
Abstract: In the construction industry, competitive bidding has long been used as a method for contractor selection. Because the true cost of construction is not known until the completion of the project, adverse selection is a major ...
Solving the Negative Earnings Dilemma of Multistage Bidding in Public Construction and Infrastructure Projects: A Game Theory–Based Approach
Publisher: ASCE
Abstract: With the tremendous increase in spending on public projects, contractors need to employ efficient and effective bidding strategies to cope with the competitive bidding environment. Usually, general contractors carry a ...
Construction Bidding and the Winner’s Curse: Game Theory Approach
Publisher: American Society of Civil Engineers
Abstract: In the construction industry, competitive bidding has long been used as a method for contractor selection. Because the true cost of construction is not known until the completion of the project, adverse selection is a major ...