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Joint investment Decision on Knowledge Cooperation Innovation for Construction Supply Chain

Guang-dong Wu

Abstract


This paper took the knowledge cooperation between the owner and contractor as study object, hypnotized that the owner and contractor accomplished the knowledge cooperative task in different construction engineering life cycle, and the owner gave the contractor cost subsidies. Then applied principle-agent theory into constructing the joint investment decision model on knowledge cooperation innovation for construction supply chain, solved and analyzed the model under sequential game and cooperative game condition. We find that under sequential game condition, the contractor gained more project value-adding sharing, and the output elastic coefficient is higher for the knowledge input stage, the contractor will put more resources into knowledge cooperative innovation in the knowledge input stage. Under cooperative game condition, the input resources and cost for the owner and contractor is higher than the sequential game condition. The objective is to provide a reliable decision and theory direction, thus to achieve project value-adding.


Keywords


knowledge input, knowledge innovation, cooperative innovation

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