Please use this identifier to cite or link to this item: http://hdl.handle.net/10397/15959
Title: Using bargaining-game theory for negotiating concession period for BOT-type contract
Authors: Shen, LY
Bao, HJ
Wu, YZ
Lu, WS
Keywords: Benefit cost ratios
Construction management
Contract management
Negotiations
Project management
Issue Date: 2007
Publisher: American Society of Civil Engineers
Source: Journal of construction engineering and management, 2007, v. 133, no. 5, p. 385-392 How to cite?
Journal: Journal of construction engineering and management 
Abstract: This paper extends the build-operate-transfer (BOT) concession model (BOTCcM) to a new method for identifying a concession period by using bargaining-game theory. Concession period is one of the most important decision variables in arranging a BOT-type contract, and there are few methodologies available for helping to determine the value of this variable. The BOTCcM presents an alternative method by which a group of concession period solutions are produced. Nevertheless, a typical weakness in using BOTCcM is that the model cannot recommend a specific time span for concessionary. This paper introduces a new method called BOT bargaining concession model (BOTBaC) to enable the identification of a specific concession period, which takes into account the bargaining behavior of the two parties concerned in engaging a BOT contract, namely, the investor and the government concerned. The application of BOTBaC is demonstrated through using an example case.
URI: http://hdl.handle.net/10397/15959
ISSN: 0733-9364
EISSN: 1943-7862
DOI: 10.1061/(ASCE)0733-9364(2007)133:5(385)
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