The Infona portal uses cookies, i.e. strings of text saved by a browser on the user's device. The portal can access those files and use them to remember the user's data, such as their chosen settings (screen view, interface language, etc.), or their login data. By using the Infona portal the user accepts automatic saving and using this information for portal operation purposes. More information on the subject can be found in the Privacy Policy and Terms of Service. By closing this window the user confirms that they have read the information on cookie usage, and they accept the privacy policy and the way cookies are used by the portal. You can change the cookie settings in your browser.
Due to the adoption of more and more complex incentive contract structures for projects, designing the best contract for a specific situation has become an increasingly daunting task for project owners. Through the combination of findings from contracting literature with knowledge from the domain of project management, a quantitative model for the contract design problem is constructed. The contribution...
This paper investigates those mechanisms how the global aspects have shaped the boundaries of the firm. A main driving force of reshaping new boundaries is innovation. Main logic of the paper is to connect dominant theories of the firm - transaction cost, contracting, information, location, and make-or-buy to those foundations of globalization that might explain new shapes of firm boundaries. The...
For the case in which a product with an uncertain cost is acquired in a competitive environment, Samuelson developed a bidding model that analyzes the trade-off between the objectives of risk sharing and efficient contractor selection. Using Samuelson's model as the basic analytical framework, this paper extends earlier results for concealed bidding and the optimal number of bidders so that they...
This paper considers choosing between different forms of fixed price incentive contracts. The analysis assumes the underlying probability density function for project costs is triangular. The methods of evaluation considered are expected value, certainly equivalence and stochastic dominance. The latter two methods take into account the typical risk aversion of contractors and clients. The analytical...
Set the date range to filter the displayed results. You can set a starting date, ending date or both. You can enter the dates manually or choose them from the calendar.