Impacts of uncertain project duration and asymmetric risk sensitivity information in project management

DOI10.1111/itor.12156zbMath1401.90103OpenAlexW1661842085MaRDI QIDQ2816371

Kai Yang, Ruiqing Zhao, Yanfei Lan

Publication date: 22 August 2016

Published in: International Transactions in Operational Research (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1111/itor.12156

zbMATH Keywords

asymmetric informationproject managementPontryagin maximum principleincentive contract designuncertain project duration

Mathematics Subject Classification ID

Management decision making, including multiple objectives (90B50)

Related Items

Equity-based incentive to coordinate shareholder-manager interests under information asymmetry ⋮ Service facilities with risk‐averse customers: a simulation approach ⋮ Does uncertainty spread vertically? A theory of multilayer newsvendors under asymmetric information ⋮ Option contract strategies with risk‐aversion and emergency purchase ⋮ A clustering‐based review on project portfolio optimization methods ⋮ A lexicographic approach to the robust resource-constrained project scheduling problem ⋮ The effect of risk aversion on the optimal project resource rate ⋮ Impacts of risk attitude and outside option on compensation contracts under different information structures ⋮ The impacts of private risk aversion magnitude and moral hazard in R\&D project under uncertain environment ⋮ Managerial compensation and research and development investment in a two-period agency setting ⋮ Supplier's strategy: align with the dominant entrant retailer or the vulnerable incumbent retailer? ⋮ Green investment in a supply chain based on price and quality competition

Uses Software

• MPSPLib

Cites Work

• Risk sharing and information revelation mechanism of a one-manufacturer and one-retailer supply chain facing an integrated competitor
• Simple probability models for project contracting
• Ex post participation constraint in a principal-agent model with adverse selection and moral hazard
• Log-concave probability and its applications
• Resource-constrained project scheduling through the goal programming model: integration of the manager's preferences
• Incentive Compatibility and the Bargaining Problem
• A principal-agent model of sequential testing
• A multiobjective hybrid ant colony optimization approach applied to the assignment and scheduling problem
• Project management aided by verbal decision analysis approaches: a case study for the selection of the best SCRUM practices
• A multi‐agent system for the decentralized resource‐constrained multi‐project scheduling problem
• Pontryagin's principle for the control of parabolic equations with gradient state constraints