Dağkıran, G (2015) A multi agent risk analysis and sharing platform for international construction projects. PhD thesis, Middle East Technical University, Turkey.
Abstract
The risks and complexities that are naturally inherent with construction projects and the diverging interests of the parties involved, cause deviations from the project objectives and make claims an unavoidable consequence in construction projects. Risk management is accepted as one of the critical success factors to handle the claim management process effectively. In construction management literature, while there are several studies to develop a mechanism for risk management, decision making and dispute resolution, none of them are qualified enough to cover all parts of the risk analysis and negotiation processes and to provide a realistic risk-budget sharing model. Limitations of the available analysis tools may be listed as the inability in properly describing the cause-effect relation between vulnerability and risks, inability in formulizing the interrelations of risks and relations between risks and cost overrun, inability in incorporating the risk sharing principles between project participants, contract clauses and risk management strategies directly into the computation of responsibility sharing of risks among parties. The aim of this thesis is to develop a new simulation platform that eliminates these shortcomings. With this platform, it will be possible to determine the probable risks and cost overrun by using a risk event memory consisting data regarding several completed projects, to design and simulate negotiation between project participants by considering contract conditions, short and long term objectives of the parties in order to determine the cost overrun values to be undertaken by project parties. The platform outcomes are compared with literature, tested by real projects and it has been proven to be usable and reliable.
| Item Type: | Thesis (Doctoral) |
|---|---|
| Thesis advisor: | Toker, İ D and Tanyer, A M |
| Uncontrolled Keywords: | contract conditions; cost overrun; decision making; dispute resolution; international construction; negotiation; risk analysis; risk management; simulation |
| Index terms: | strategy, project party, risk analysis, agent, critical success factor, complexity, international construction project, construction project, decision-making, vulnerability, computation, dispute, deviation, cost overrun, contract condition, platform, resolution, negotiation, claim management, international construction, risk management |
| Subjects: | contractual condition, contract structure, management, systems engineering, conflict resolution, sociology, decision analysis, control systems, dispute resolution, risk assessment, computational methods, financial and cost management, production management, digital design, environmental hazards, practitioner, strategic management |
| Topics: | Business Strategy, Cost Management, Stakeholder Management, Roles and Professions, International Construction, Digital Applications, Contract Administration, Project Management, Engineering Principles, Sustainability, Risk Management, Legal Issues |
| Descriptive scope: | 2 PC |
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