Advances in Economics, Management and Political Sciences
- The Open Access Proceedings Series for Conferences
Proceedings of the 7th International Conference on Economic Management and Green Development
Series Vol. 33 , 10 November 2023
Open
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Research on the Application of Non-cooperative Game Theory in Construction Engineering Management
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Abstract
With the increasing scale and complexity of construction projects, managers face challenges in decision-making, and non-cooperative game theory becomes an effective management tool. This paper studies its application in construction engineering management. A literature review and case study approach explores its applications in competitive bidding, supply chain management, regulatory platforms, and builders' games and its advantages and disadvantages. It is found that the game theory model performs well in optimizing decisions and improving management efficiency to maximize benefits. However, there are some limitations to the application of these models that require particular attention to adaptation. The paper explains that the application of non-cooperative game theory has been demonstrated in certain areas, and therefore, introducing non-cooperative game theory into the engineering management process would provide broader and deeper insights to help us make more informed decisions and improve management efficiency. To further enhance the efficiency and quality of engineering management, we need to explore in depth the more expansive application areas of non-cooperative game theory in engineering management.
Keywords
non-cooperative game, construction engineering management, game theory
References
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Data Availability
The datasets used and/or analyzed during the current study will be available from the authors upon reasonable request.
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- Volume Title
- Proceedings of the 7th International Conference on Economic Management and Green Development
- ISBN (Print)
- 978-1-83558-087-5
- ISBN (Online)
- 978-1-83558-088-2
- Published Date
- 10 November 2023
- Series
- Advances in Economics, Management and Political Sciences
- ISSN (Print)
- 2754-1169
- ISSN (Online)
- 2754-1177
- DOI
- 10.54254/2754-1169/33/20231625
- Copyright
- 10 November 2023
- Open Access
- This article is an open access article distributed under the terms and conditions of the Creative Commons Attribution (CC BY) license, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited