How to distribute costs associated with a delayed project
type: Item
instance of: scholarly article
title: How to distribute costs associated with a delayed project
zbMATH Open document ID: 1040.91008
DOI: 10.1023/A:1016300218643
author: G. Bergantiños
author: Estela Sánchez
published in: Annals of Operations Research
publication date: 2002-09-03T00:00:00Z
review text: If a large project is behind schedule, and there is a penalty involved, how should this penalty be distributed among different contractors and subcontractors? The authors propose two solutions to this problem: one comes from a more traditional economic analysis, and the other is an implementation of the Shapley value, a known solution to \(n\)-person cooperative games with transferable utility. In the game theory, researchers usually describe reasonable properties of a solution, like symmetry and Pareto optimality, and for every new solution concept, check which of the possible properties are satisfied by this new solution. Following this spirit, the authors introduce similar properties for the cost distribution problem, and check which of these properties are satisfied by the economical solution and by the Shapley value-based solution.
Mathematics Subject Classification ID: 91A12
Mathematics Subject Classification ID: 91B32
zbMATH DE Number: 1794989
zbMATH Keywords: Shapley value
zbMATH Keywords: serial cost sharing problem
reviewed by: Olga Kosheleva
MaRDI profile type: Publication
full work available at URL: a:1016300218643
OpenAlex ID: W133340581
description: scientific article; zbMATH DE number 1794989