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