Study on Incentive Mechanism of Large-Scale Dredging Project Based on Fairness Preference

Bin Zhou; Zi Gang Zhang

doi:10.4028/www.scientific.net/AMR.219-220.144

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HomeAdvanced Materials ResearchAdvanced Materials Research Vols. 219-220Study on Incentive Mechanism of Large-Scale...

Study on Incentive Mechanism of Large-Scale Dredging Project Based on Fairness Preference

Abstract:

This paper establishes fair incentive model of large-scale dredging project using principal-agent theory and fairness preference theory and analyzes the influence of technical parameters of ships and bid price of the dredging project on principal, agent incentives and profits. Study shows that the principal-agent model must be corrected, so this paper puts forward correction methods and calculation methods.

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Periodical:

Advanced Materials Research (Volumes 219-220)

Pages:

144-150

DOI:

https://doi.org/10.4028/www.scientific.net/AMR.219-220.144

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Online since:

March 2011

Authors:

Bin Zhou, Zi Gang Zhang

Keywords:

Dredging Project, Fairness Preference, Incentive Mechanism, Principal-Agent

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