CLIENT-CONTRACTOR BARGAINING PROBLEM

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.

Autorentext

Nursel Kavlak was born in Adana, Turkey in 1982. Earned a BS degree from METU, Ankara(2003), and an MS degree from Sabanci University, Istanbul(2006), both in Industrial Engineering. Has broad interest in commercial applications of Industrial Engineering, especially in Multi-Objective Decision Making.

Klappentext

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.