Research on Risk Management of Engineering Project Auction

Abstract:

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Project auction is an important principal-agent with competition. The uncertainty of market and incompleteness of bidders’ information bring a lot of risks for the project owner, so the research on risk management is of theoretical and practical significance. In this paper, risk factors are identified and measured, based on which, an evaluation model is built up, and then by sensitivity analysis, sensitive factors are found so as to help the owner take the corresponding measures. A case study illustrates that these analysis methods used in this paper are reasonable.

Info:

Periodical:

Advanced Materials Research (Volumes 219-220)

Edited by:

Helen Zhang, Gang Shen and David Jin

Pages:

1523-1527

DOI:

10.4028/www.scientific.net/AMR.219-220.1523

Citation:

D. B. Fang and W. Liu, "Research on Risk Management of Engineering Project Auction", Advanced Materials Research, Vols. 219-220, pp. 1523-1527, 2011

Online since:

March 2011

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$35.00

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