Zhang, N; Deng, X; Hwang, B G; Bi, M and Mahmoudi, A (2022) A novel approach to selecting the best partner for high-speed rail firms. Engineering, Construction and Architectural Management, 29(5), pp. 2130-2152. ISSN 0969-9988
Abstract
Purpose: This paper aims to develop a partner selection approach for the high-speed rail (HSR) firms from the perspective of achieving competitive advantage in the international competitive bidding sphere. Design/methodology/approach: The current study developed a partner selection approach based on the evolutionary game theory. Firstly, the current study identified the influencing variables and logical formation path of competitive advantage on the international HSR project by literature review and case analysis. After that, a pay-off model was developed based on the theoretical foundation. Meanwhile, the evolutionary stable strategy was analyzed for different combinations of initial pay-offs. Findings: A real-world case was simulated to verify the effectiveness of the developed approach. The simulation results secured support from three industry professionals, indicating the developed approach is valid. Originality/value: The current study can help HSR firms to select their partners and develop a cooperation strategy from the perspective of winning awards. Also, the proposed approach is based on the advantage driving variables and formation path, which can contribute to HSR firms' understanding of the sources of competitive advantage.
| Item Type: | Article |
|---|---|
| Uncontrolled Keywords: | competitive advantage; evolutionary game theory; international hsr firms; partner selection |
| Index terms: | effectiveness, evolutionary game, partner selection, competitive advantage, methodology, cooperation, competitive bidding, strategy, literature review |
| Subjects: | bidding, data analysis and analytics, psychology, economic theory, partnership management, market analysis, research methods, performance management, management |
| Topics: | Organizational Design, Quality Management, Stakeholder Management, Procurement, Business Strategy, Research Practice |
| Descriptive scope: | 4 PCTA |
N.B. Descriptive scope is a count of how many of the five facets of empirical research are indicated by the words used in title, abstract and keywords. It is not intended as a judgement on the research; merely a count of the kind of word we would expect to indicate Phenomenon, Concepts, Theoretical framing, Empirical techniques, Analytical techniques. If all five are present, then a code of “5 PCTEA” will indicate this. If you feel the coding for this record is questionable, we welcome discussion around the terms we matched or the way we categorized them. The facet you would expect may not be coded, or a facet may be coded inappropriately. This can also bear on a larger question, of which facets should be treated as defining in construction management research. Please get in touch, and we will look at it. More details here