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Application of Game Theory in Stakeholder Management in Megaprojects; a Multiple Case Study

Pourriahi, Houman | 2020

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  1. Type of Document: M.Sc. Thesis
  2. Language: English
  3. Document No: 53860 (53)
  4. University: Sharif University of Technology, International Campus, Kish Island
  5. Department: Science and Engineering
  6. Advisor(s): Alvachi, Amin; Ghadimi, Behshad
  7. Abstract:
  8. As the size and the scope of infrastructure projects have expanded, so has the array of stakeholders, either involved or affected. Such projects frequently take years to come together and develop over time through the efforts of project promoters and the participation of various stakeholders. Stakeholders through participation and input will help to legitimize and develop large scale project initiatives.This study used a longitudinal multiple case study approach that analyzed two tolled fixed crossing megaprojects. Activity research hits benchmarks before and after developments and shifts in participation strategies and stakeholders. Subsequently, we identify the main and key issues related to the main stakeholders and examine how to participate and address their concerns and consequences.This study offers insights into how megaprojects are formed by the actions of project supporters as well as impacted and interested stakeholders. After that, by using game theory as a tool to analyze key decisions, and by creating the right games for each project event, we can actually compare what is recommended by the rules of game theory with what actually happens to the project and express the outcome of each decision in each project game. As a result, the optimal decision is determined for the players of each game and we can see that game theory can be very useful when it comes to optimizing project processes
  9. Keywords:
  10. Mega Projects ; Project Management ; Decision Making ; Stakeholders ; Game Theory

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