Game analysis of design incentives for delivering international hydropower EPC projects
TANG Wenzhe, WANG Tengfei, SUN Hongxin, QI Dashan
Institution of Project Management and Construction Technology, State Key Laboratory of Hydroscience and Engineering, Tsinghua University, Beijing 100084, China
Abstract：China's hydropower construction companies need to strengthen their design management for international EPC (engineering-procurement-construction) project delivery. Gaming theory was used to develop single-period and multi-period incentive models to investigate the incentive mechanisms between contractors and designers. The models were used to analyze 7 international EPC projects. The results show that:1) Design incentives promote optimum designs which add value to the project and benefit both contractors and designers. 2) Single-period incentives can lead to opportunistic behaviour, which may reduce the effectiveness of the design incentives. 3) The introduction of strategic benefits in multi-period incentives effectively strengthens the stability of long-term cooperation and maximize the benefits to contractors and designers in the long run. 4) EPC contractors should establish partnering relationships with qualified designers based on incentive evaluations.
唐文哲, 王腾飞, 孙洪昕, 漆大山. 国际EPC水电项目设计激励机理[J]. 清华大学学报（自然科学版）, 2016, 56(4): 354-359.
TANG Wenzhe, WANG Tengfei, SUN Hongxin, QI Dashan. Game analysis of design incentives for delivering international hydropower EPC projects. Journal of Tsinghua University(Science and Technology), 2016, 56(4): 354-359.
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2016, Vol. 56 
