A Review of the Use of Game Theory in Project Management
Publication: Journal of Management in Engineering
Volume 38, Issue 6
Abstract
The growing literature on game theory models in project management is reviewed in this paper. A systematic study that includes collecting materials, defining the structural dimensions and categories, presenting a descriptive analysis, and evaluating the results has been carried out. Application areas of game theory in project management were explored and the research gaps were identified. The literature review revealed the need for studying knowledge-sharing mechanisms to enhance project governance and cooperation, developing dynamic models to integrate various sources of uncertainty, optimizing different financial objective functions to improve the project’s capital structure, developing integrated scheduling techniques to facilitate project planning and control, and formulating strategies to improve bidding under fierce competition. These findings contribute to identifying the promising directions in the management in engineering research.
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Data Availability Statement
The authors confirm that the data supporting the findings of this study are available within the article and its Supplemental Materials.
Acknowledgments
This research was funded by the Science Committee of the Ministry of Education and Science of the Republic of Kazakhstan (Grant No. AP09259049).
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Information & Authors
Information
Published In
Journal of Management in Engineering
Volume 38 • Issue 6 • November 2022
Copyright
© 2022 American Society of Civil Engineers.
History
Published online: Aug 8, 2022
Published in print: Nov 1, 2022
Discussion open until: Jan 8, 2023
ASCE Technical Topics:
- Bibliographies
- Business management
- Construction engineering
- Construction management
- Construction materials
- Decision making
- Dynamic models
- Engineering fundamentals
- Engineering materials (by type)
- Game theory
- Information management
- Management methods
- Materials engineering
- Models (by type)
- Optimization models
- Practice and Profession
- Project management
- Scheduling
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