CLIENT-CONTRACTOR BARGAINING PROBLEM
IN THE CONTEXT OF MULTI-MODE PROJECT SCHEDULING WITH LIMITED RESOURCES
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This study focuses on the client-contractor bargaining problem in the context of multi- mode resource constrained project scheduling. The bargaining objective is to maximize the bargaining objective function comprised of the individual NPV maximizing objectives of both the client and the contractor.Although the well-known multi- mode resource constrained project scheduling problem has been under investigation from various dimensions in the literature, this study proposes a two-player setting to this problem. The solution procedure takes the objectives of both players into account. One other pr...
This study focuses on the client-contractor
bargaining problem in the context of multi- mode
resource constrained project scheduling. The
bargaining objective is to maximize the bargaining
objective function comprised of the individual NPV
maximizing objectives of both the client and the
contractor.
Although the well-known multi- mode resource
constrained project scheduling problem has been
under investigation from various dimensions in the
literature, this study proposes a two-player setting
to this problem. The solution procedure takes the
objectives of both players into account. One other
proposal we have in this study is the bargaining
weights concept we have used in the model, which is
used to determine the bargaining power of each
player through the negotiation process.
The bargaining objective function we have used has
been an important part of the model itself. We have
investigated different solution approaches by using
two different bargaining objective function
formulations in our tests. Hope it will introduce a
new perspective to the current literature on
bargaining problem.
bargaining problem in the context of multi- mode
resource constrained project scheduling. The
bargaining objective is to maximize the bargaining
objective function comprised of the individual NPV
maximizing objectives of both the client and the
contractor.
Although the well-known multi- mode resource
constrained project scheduling problem has been
under investigation from various dimensions in the
literature, this study proposes a two-player setting
to this problem. The solution procedure takes the
objectives of both players into account. One other
proposal we have in this study is the bargaining
weights concept we have used in the model, which is
used to determine the bargaining power of each
player through the negotiation process.
The bargaining objective function we have used has
been an important part of the model itself. We have
investigated different solution approaches by using
two different bargaining objective function
formulations in our tests. Hope it will introduce a
new perspective to the current literature on
bargaining problem.
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