Analysis of the Effects of Uncertainty, Risk-Pooling, and Subcontracting Mechanisms on Project Performance

@article{Gutierrez2000AnalysisOT,
  title={Analysis of the Effects of Uncertainty, Risk-Pooling, and Subcontracting Mechanisms on Project Performance},
  author={Genaro Gutierrez and Anand Paul},
  journal={Operations Research},
  year={2000},
  volume={48},
  pages={927-938}
}
The problem of designing a contract mechanism to allocate the component subprojects of a large project to a pool of contractors has important implications for project success. Our research analytically addresses issues involved in diversifying risk for the project owner by partitioning the project and assigning the subprojects to multiple contractors whose performance characteristics are imperfectly known. We begin by giving a precise analytical treatment of the effect of activity variance on… CONTINUE READING

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