Naslov
Game Theory Application in Public Procurement Procedures in Construction

Autori
Maglov, Dino ; Mihić, Matej ; Završki, Ivica

Vrsta, podvrsta i kategorija rada
Radovi u zbornicima skupova, cjeloviti rad (in extenso), znanstveni

Izvornik
15th International OTMC Conference and 6th IPMA Senet Conference: Smart Built Environment through Digital Transformation / Završki, Ivica ; Cerić, Anita ; Vukomanović, Mladen ; Huemann, Martina ; Golomejić Vlahov, Rebeka Danijela ; Sigmund, Zvonko - Cavtat : Hrvatska Udruga za Organizaciju Građenja, 2022, 546-561

ISBN
978-953-7686-10-9

Skup
15th International Conference Organization, Technology; 6th International Project Management Association SENET Conference

Mjesto i datum
Cavtat, Hrvatska, 21.09.2022. - 24.09.2022

Vrsta sudjelovanja
Predavanje

Vrsta recenzije
Međunarodna recenzija

Ključne riječi
game theory ; public procurement ; bidders ; bidding process ; competition ; mathematical model ; decision support tool

Sažetak
This research paper aims to bring closer the concepts of game theory and public procurement and to point out their connection and all the possibilities that the application of game theory opens in the field of public procurement in the construction industry. The idea behind the research was that game theory is used in public procurement processes, but that the players themselves, or bidders, may not be aware of this fact. In addition, the paper points out the existing application and some new possibilities. The process of creating this paper was based on the study of the already existing literature on game theory followed by a study of Croatia’s Public Procurement legislation. To gain further understanding of the two unrelated concepts and their potential interrelations, a survey was conducted in the form of an informative interview with two construction companies. Through these conversations, real possibilities of applying game theory were noticed, as well as the desire of companies to apply the game theory principles, while also realizing shortcomings that could occur. Finally, the paper presents a mathematical model which can be used as a decision support tool in the public tendering process, which was tested in two bidding processes. The application of game theory is not recommended as the only approach to public procurement tenders, but combined with experience, calculations, and other expert knowledge, it can certainly contribute to a better understanding of competition in public procurement bidding processes and increase the chances of success.

Izvorni jezik
Engleski

Znanstvena područja
Građevinarstvo

POVEZANOST RADA