Abstract
Construction projects are distinguished from other projects, and in that, they are greatly affected by emergencies such as inclement weather conditions, drilling and backfilling surprises and supply delays. These incidents are known as risks, which usually have negative consequences and constitute an obstacle to the completion of the project as they may cause delays and increase in cost, efficiency loss and quality deterioration. In this research, we have gathered information on the most important risks that could hinder the completion of the project, in general, through previous studies and conducted a questionnaire survey among the engineers to collect the largest number of risks faced by the construction projects in Bhubaneswar, India. After collecting the information, it is analysed and modelled according to the game theory for probabilistic decision-making which helps in choosing the best strategy to address risks and reduce their negative impact on the engineering project. The focus of the research will be on the risks arising from weather conditions in Bhubaneswar, India as a case study.
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Ghali, A.A., Patankar, V.M. (2023). Application of Game Theory to Manage Project Risks Resulting from Weather Conditions. In: Ranadive, M.S., Das, B.B., Mehta, Y.A., Gupta, R. (eds) Recent Trends in Construction Technology and Management. Lecture Notes in Civil Engineering, vol 260. Springer, Singapore. https://doi.org/10.1007/978-981-19-2145-2_18
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DOI: https://doi.org/10.1007/978-981-19-2145-2_18
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