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Article
Publication date: 6 December 2024

Xingjie Mao, Binchao Deng, Xianbo Zhao and Xindong Lv

Megaprojects contribute greatly to China’s socio-economic development. However, the diverse stakeholders of megaprojects tend to be prone to conflict and plunge the project into…

Abstract

Purpose

Megaprojects contribute greatly to China’s socio-economic development. However, the diverse stakeholders of megaprojects tend to be prone to conflict and plunge the project into lower performance than expected. This study aims to investigate (1) the optimal supervision mechanism under direct supervision of the owner and (2) the optimal indirect supervision mechanism of the owner, with involvement of integrated construction consultancy (ICC) in supervision and considerations into the impact of collusion between the ICC and the general contractor on supervision efficiency.

Design/methodology/approach

This study applies the principal–agent theory and game theory to design effective incentive and punishment mechanisms for direct and indirect supervision by the owner. Through the theoretical framework of game theory, it analyses the strategic interactions between the owner, the ICC and the general contractor, and evaluates the effectiveness of various supervision mechanisms based on Nash equilibrium theory.

Findings

The results showed adopting the direct supervision mechanism when the probability of the general contractor’s opportunistic behavior being detected was higher or the occurrence had a greater impact on the owner. However, the increase in supervision cost would reduce the motivation of owner’s direct supervision and prompt the owner to choose the indirect supervision mechanism. Additionally, the indirect supervision mechanism was more likely to inhibit the collusion between the ICC and the general contractor. Thus, increasing penalties for ICC would result in improved supervision of ICC, thereby improving the benefits to the owner.

Originality/value

This study examines the dynamic interaction between the owner, the general contractor and the ICC. The study establishes a game tree and game matrix based on principal–agent theory, and analyses direct and indirect supervision models to determine the Nash equilibrium and optimal supervision strategy that is in the best interest of the owner. The study advocates for improved management and supervision mechanisms and argues that tailored supervision mechanisms can significantly improve the performance of megaprojects, which is well validated in megaprojects in China.

Details

Engineering, Construction and Architectural Management, vol. ahead-of-print no. ahead-of-print
Type: Research Article
ISSN: 0969-9988

Keywords

Article
Publication date: 27 July 2023

Binchao Deng, Xindong Lv, Yaling Du, Xiaoyu Li and Yilin Yin

Inefficiency dilemmas in project governance are caused by various risks arising from the characteristic of construction supply chain projects, such as poor project performance…

Abstract

Purpose

Inefficiency dilemmas in project governance are caused by various risks arising from the characteristic of construction supply chain projects, such as poor project performance, conflicts between stakeholders and cost overrun. This research aims to establish a fuzzy synthetic evaluation (FSE) model to analyze construction supply chain risk factors. Corresponding risk mitigation strategies are provided to facilitate the improvement performance of ongoing construction supply chain projects.

Design/methodology/approach

A literature review is utilized to reveal the deficiencies of construction supply chain risk management. Thus, a total of five hundred (500) questionnaires are distributed to construction professionals, and four hundred and thirty-five (435) questionnaires are recovered to obtain the evaluation data of construction professionals on critical risk factors. Additionally, the FSE is used to analyze and rank the significance of critical risk factors. Finally, this research discusses nine critical risk factors with high weight in the model, and explains the reason for the significance of critical risk factors in the construction supply chain.

Findings

The questionnaire results show that the thirty-one (31) identified critical risk factors are verified by related practitioners (government departments, universities and research institutions, owners, construction units, financial institutions, design units, consulting firms). Thirty-one (31) identified critical risk factors are divided into common risks, risks from contractors and risks from owners. The most significant factors in the three categories, respectively, are “political risks,” “owner's unprofessional” approach and “cash flow.” Managing these risks can facilitate the development of the construction supply chain.

Originality/value

This paper expands the research perspective of construction supply chain risk management and complements the risks in the construction supply chain. For practitioners, the research result provides some corresponding measures to deal with these risks. For researchers, the research result provides the direction of construction supply chain risk treatment.

Details

Engineering, Construction and Architectural Management, vol. 32 no. 1
Type: Research Article
ISSN: 0969-9988

Keywords

Article
Publication date: 27 November 2020

Mingwei Lin, Yanqiu Chen and Riqing Chen

The purpose of this paper is to make a comprehensive analysis of 354 publications about Pythagorean fuzzy sets (PFSs) from 2013 to 2020 in order to comprehensively understand…

Abstract

Purpose

The purpose of this paper is to make a comprehensive analysis of 354 publications about Pythagorean fuzzy sets (PFSs) from 2013 to 2020 in order to comprehensively understand their historical progress and current situation, as well as future development trend.

Design/methodology/approach

First, this paper describes the fundamental information of these publications on PFSs, including their data information, annual trend and prediction and basic features. Second, the most productive and influential authors, countries/regions, institutions and the most cited documents are presented in the form of evaluation indicators. Third, with the help of VOSviewer software, the visualization analysis is conducted to show the development status of PFSs publications at the level of authors, countries/regions, institutions and keywords. Finally, the burst detection of keywords, timezone review and timeline review are exported from CiteSpace software to analyze the hotspots and development trend on PFSs.

Findings

The annual PFSs publications present a quickly increasing trend. The most productive author is Wei Guiwu (China). Wei Guiwu and Wei Cun have the strongest cooperative relationship.

Research limitations/implications

The implication of this study is to provide a comprehensive perspective for the scholars who take a fancy to PFSs, and it is valuable for scholars to grasp the hotspots in this field in time.

Originality/value

It is the first paper that uses the bibliometric analysis to comprehensively analyze the publications on PFSs. It can help the scholars in the field of PFSs to quickly understand the development status and trend of PFSs.

Details

International Journal of Intelligent Computing and Cybernetics, vol. 14 no. 2
Type: Research Article
ISSN: 1756-378X

Keywords

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