Methods Dealing with Complexity in Selecting Joint Venture Contractors for Large-Scale Infrastructure Projects

Ru Liang, Zhaohan Sheng and Xiangyu Wang

Complexity, 2018, vol. 2018, 1-14

Abstract:

The magnitude of business dynamics has increased rapidly due to increased complexity, uncertainty, and risk of large-scale infrastructure projects. This fact made it increasingly tough to “go alone” into a contractor. As a consequence, joint venture contractors with diverse strengths and weaknesses cooperatively bid for bidding. Understanding project complexity and making decision on the optimal joint venture contractor is challenging. This paper is to study how to select joint venture contractors for undertaking large-scale infrastructure projects based on a multiattribute mathematical model. Two different methods are developed to solve the problem. One is based on ideal points and the other one is based on balanced ideal advantages. Both of the two methods consider individual difference in expert judgment and contractor attributes. A case study of Hong Kong-Zhuhai-Macao-Bridge (HZMB) project in China is used to demonstrate how to apply these two methods and their advantages.

Date: 2018
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Persistent link: https://EconPapers.repec.org/RePEc:hin:complx:8705134

DOI: 10.1155/2018/8705134

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