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ISSN : 1026-3098
e-ISSN : 2345-3605
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Publication Information : Volume 22 - Number 3 - Successive Number 3
Type : Article
Topics of Paper : Transaction on Civil Engineering
English Title : Integrating system dynamics and fuzzy bargaining for quantitative risk allocation in construction projects
English Abstract : Quantitative approaches to risk allocation have been developed to overcome the limitation of qualitative approaches and to determine how the responsibility of risk should be shared between contracting parties. This paper integrates a system dynamics simulation scheme with fuzzy bargaining game theory for quantitative risk allocation. The behaviour of contracting parties in the quantitative risk allocation negotiation process is modelled as players' behaviour in a game. A system dynamics  based model is employed to determine the contractor and client costs (players' payoffs)at different percentages of risk allocation. Having determined the players' payoffs, the common interval between the players' acceptable risk allocation percentages is determined. The bargaining process is then performed between two parties accounting for the common interval and a desirable and equitable percentage of risk allocation is determined.
English Keywords : Quantitative risk allocation, Bargaining game theory, System dynamics, Fuzzy logic, Negotiation
Refrences :
Number Of Pages :
From 668 to 678


Authors :
The AuthorAuthor SequenceOrganizationOrganization ( english )AffiliationEmailEducation
Dr. Farnad Nasirzadeh
(Author)
1Dept. of Civil Engineering, Faculty of Engineering, Payame Noor University, Tehran, Iran Assistant Professorf.nasirzadeh@gmail.com 
Mehdi Rouhparvar 2Department of Project Management and Construction, Science and Research Branch, Islamic Azad University, Tehran, Iran   mehdi.rouhparvar@gmail.com 
Dr. Hamed Mazandarani Zadeh 3Dept. of Technical- Engineering, Imam Khomeini International University, Qazvin, Iran Assistant Professorhzadeh@iust.ac.ir 
Mahdi Rezaie 4Dept. of Civil Engineering, Iran University of Science and Technology, Tehran, Iran   mahdirezaie@gmail.com 
Published Issues
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Transactions on Civil Engineering
Transactions on Mechanical Engineering
Transactions on Industrial Engineering
2016
2015
Transactions on Civil Engineering
Transactions on Mechanical Engineering
Transactions on Chemistry and Chemical Engineering
Transactions on Computer Science & Engineering and Electrical Engineering
Transactions on Industrial Engineering
Transactions on Nanotechnology
2014
Transactions on Civil Engineering
Transactions on Mechanical Engineering
Transactions on Chemistry and Chemical Engineering
Transactions on Computer Science & Engineering and Electrical Engineering
Transactions on Industrial Engineering
Transactions on Nanotechnology
2013
Transactions on Civil Engineering
Transactions on Mechanical Engineering
Transactions on Chemistry and Chemical Engineering
Transactions on Computer Science & Engineering and Electrical Engineering
Transactions on Industrial Engineering
Transactions on Nanotechnology

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