Supervision model of engineering change based on principal-agent theory

Supervision model of engineering change based on principal-agent theory

Abstract
On the basis of the principal-agent theory and in view of the actual situation of engineering changes, we develop a principal-agent model of engineering change and make some analyses about the model. Considering the effect of the supervision of the owners, we establish an owner’s supervision model to the parts of the engineering changes and discuss the factors which influence the contractors’ effort level. The game relation between the owners and the contractors is made more definite in the supervision model.

Supervision model of engineering change based on principal-agent theory

Supervision model of engineering change based on principal-agent theory

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