TY - GEN
T1 - Game Theory Approach for Risk Allocation in Public Private Partnership
AU - Wardhana, Adhika Nandi
AU - Rachmawati, Farida
AU - Widodo, Erwin
N1 - Publisher Copyright:
© 2022, The Author(s), under exclusive license to Springer Nature Singapore Pte Ltd.
PY - 2022
Y1 - 2022
N2 - Public Private Partnership (PPP) is a cooperation between public and private sectors in which all stakeholders develop mutual products and services. Risk management is important in this collaboration, considering that there must be an equal relationship between the two parties. Several studies have been carried out in allocating the level of PPP risk in various projects such as toll roads, buildings and other manufactures. One of the risk allocation tools used in those studies was game theory. The game theory consists of players, strategy and pay-off. Where each component of this method is different in each paper but still within the scope of risk allocation. This study is aimed to discuss the use of game theory for risk allocation and to describe the strategy and pay-off of previous studies. This study focuses on the similar and specific aspects of each paper.
AB - Public Private Partnership (PPP) is a cooperation between public and private sectors in which all stakeholders develop mutual products and services. Risk management is important in this collaboration, considering that there must be an equal relationship between the two parties. Several studies have been carried out in allocating the level of PPP risk in various projects such as toll roads, buildings and other manufactures. One of the risk allocation tools used in those studies was game theory. The game theory consists of players, strategy and pay-off. Where each component of this method is different in each paper but still within the scope of risk allocation. This study is aimed to discuss the use of game theory for risk allocation and to describe the strategy and pay-off of previous studies. This study focuses on the similar and specific aspects of each paper.
KW - Construction management
KW - Game theory
KW - Risk allocation
UR - http://www.scopus.com/inward/record.url?scp=85125260209&partnerID=8YFLogxK
U2 - 10.1007/978-981-16-7949-0_42
DO - 10.1007/978-981-16-7949-0_42
M3 - Conference contribution
AN - SCOPUS:85125260209
SN - 9789811679483
T3 - Lecture Notes in Civil Engineering
SP - 471
EP - 478
BT - Proceedings of the Second International Conference of Construction, Infrastructure, and Materials - ICCIM 2021
A2 - Lie, Han Ay
A2 - Sutrisna, Monty
A2 - Prasetijo, Joewono
A2 - Hadikusumo, Bonaventura H.W.
A2 - Putranto, Leksmono Suryo
PB - Springer Science and Business Media Deutschland GmbH
T2 - 2nd International Conference of Construction, Infrastructure, and Materials, ICCIM 2021
Y2 - 26 July 2021 through 26 July 2021
ER -