Advances in Economics, Management and Political Sciences

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Proceedings of the 7th International Conference on Economic Management and Green Development

Series Vol. 33 , 10 November 2023


Open Access | Article

Research on the Application of Non-cooperative Game Theory in Construction Engineering Management

Ziyang Kang 1 , Xinhua Li * 2 , Jinghan Wang 3
1 Tiemenguan City No. 1 Middle School
2 Harbin University of Commerce
3 Transbaikal State University

* Author to whom correspondence should be addressed.

Advances in Economics, Management and Political Sciences, Vol. 33, 22-29
Published 10 November 2023. © 2023 The Author(s). Published by EWA Publishing
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.
Citation Ziyang Kang, Xinhua Li, Jinghan Wang. Research on the Application of Non-cooperative Game Theory in Construction Engineering Management. AEMPS (2023) Vol. 33: 22-29. DOI: 10.54254/2754-1169/33/20231625.

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
© 2023 The Author(s)
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

Copyright © 2023 EWA Publishing. Unless Otherwise Stated