Research Article
Jul 1969
Construction Management Game - Deterministic Model
Publication: Journal of the Construction Division
Volume 95, Issue 1
Abstract
A construction management game in which the market demands are predetermined is presented. The game is programmed for computers to simulate the competition for the market by five general contractors who are required to make managerial decisions at 12 successive time periods for a total simulated time of 3 yr. The decisions include the evaluation of available information, choice of jobs to bid, selection of subcontractors, the determination of profit level, and the expansion and contraction of capital. At the beginning of each period, jobs available for bidding will be generated by the computer, and at the end of each time period, each company will submit its decisions as input to the computer. After the decisions are processed according to the programmed game model, the computer will output the contract awards, the cost of performing work, and a statement of earnings for each general contractor. The company which shows the largest relative gain at the end of 3 yr will be the winner.
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Information
Published In
Journal of the Construction Division
Volume 95 • Issue 1 • July 1969
Pages: 25 - 38
Copyright
© 1969 American Society of Civil Engineers.
History
Published in print: Jul 1969
Published online: Feb 11, 2021
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Authors
Affiliations
Tung Au, M.ASCE
Prof. of Civ. Engrg., Carnegie - Mellon Univ., Pittsburgh, Pa.
Richard L. Bostleman
Cost Engr., Esso Research and Engrg. Co., formerly NDEA Fellow, Dept. of Civ. Engrg., Carnegie - Mellon Univ., Pittsburgh, Pa.
Ernest W. Parti
Research Civ. Engr., Carnegie- Mellon Univ., Pittsburgh, Pa.
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Terms of Use: ASCE Library Cards are for individual, personal use only. Reselling, republishing, or forwarding the materials to libraries or reading rooms is prohibited.
Terms of Use: ASCE Library Cards are for individual, personal use only. Reselling, republishing, or forwarding the materials to libraries or reading rooms is prohibited.