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.
The outsourcing production are performed not only by the supplier but also by buyer, so the intangibility and unverifiability of their contributed resources bring on double moral hazard. Focused on double moral hazard, an outsourcing contract of cooperative production of motor vehicle is designed with principal-agent theory. The maximization of benefit of the outsourcing will be given by the optimization...
Existing pedagogical approaches to ethics education in engineering and science reinforce what this paper terms “the fallacy of the individual decision-maker” by suggesting an oversimplified, individualistic model of ethical decision-making, rather than recognizing the organizational, cultural, or group deliberative context of an ethical dilemma. Consequently, students fail to develop the group deliberative...
Introduction of the principles of sustainable development into the canons of engineering professional societies has presented several serious challenges to science and engineering educators. There are few pedagogical guideposts for current educators teaching sustainability as an ethical concept. Moreover, traditional approaches to ethics education in science and engineering courses is unlikely to...
This paper develops a kind of generalized double-sided moral hazard model of contract choice with Cobb-Douglas technology in a frame of principal-agent theory. Using this model, we formally prove that the optimal contract maximizes the output net of the disutility of both the parties and carry out some simulations exercise under two special cases which help explain the double-sided moral hazard issues...
This paper studies the interaction of credit loan game. In our model with subjective and objective dual credit risk, multi-channel financial mode, we present game equilibrium relationship of the enterprise, the non-banking financial institution and the bank. Then we give corresponding investment and financing policies, and in detailed explain following problems such as the impact of the enterprise's...
Building information modelling (BIM) is only a tool in the procurement of a building, but it is changing the way the whole process is undertaken. Having a single model which is used by all disciplines requires a different management structure and by consequence a restructuring of the resources required to complete a project.These changes are encompassed in Integrated Practice and more recently Integrated...
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.