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Evaluation of the contract reliability for alternative infrastructure project delivery: a contract engineering

Bing WANG, Qingbin CUI, Shuibo ZHANG

Frontiers of Engineering Management 2019, Volume 6, Issue 2,   Pages 239-248 doi: 10.1007/s42524-019-0018-3

Abstract: However, a practical and critical problem is how to properly design these provisions.In this study, a contract reliability index is constructed, and a process of evaluating contract reliabilityA combination of the ceiling clause and the warranty option will therefore result in improved contractprovision design.The proposed methodology in this study is especially useful for governments in properly determining contract

Keywords： infrastructure development     contract design     contract reliability     guarantee provision     contract engineering    

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The Supply Chain Contract Design under Cap-and-Trade Mechanism with Free Riding

Fu-qiang Wang,Jun Liu

Frontiers of Engineering Management 2015, Volume 2, Issue 3,   Pages 277-286 doi: 10.15302/J-FEM-2015049

Abstract: free riding on enterprise product pricing and carbon emissions reduction investment, as well as the contractdesign to achieve supply chain coordination under the carbon trading mechanism.investment and the whole supply chain achieves Pareto improvement when the investment cost sharing contractNevertheless, under the cost-sharing contract the optimal investment of the decentralized supply chain

Keywords： carbon emissions reduction     free riding     supply chain contract design     cap-and-trade    

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Collaborative adoption of blockchain technology: A supply chain contract perspective

Frontiers of Engineering Management   Pages 121-142 doi: 10.1007/s42524-022-0239-8

Abstract: consisting of a core enterprise and a small/medium-sized enterprise through an effective supply chain contractWe analyze the performance of a cost-sharing (CS) contract and a revenue-sharing (RS) contract and proposea new hybrid CS-RS contract for better performance.We conduct comparative analyses of the three contracts and find that the hybrid CS-RS contract can more

Keywords： blockchain     collaborative adoption     cost sharing     revenue sharing     hybrid contract    

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Optimal risk allocation in alliance infrastructure projects: A social preference perspective

Xiang DING, Qian LI

Frontiers of Engineering Management 2022, Volume 9, Issue 2,   Pages 326-336 doi: 10.1007/s42524-020-0145-x

Abstract: The mechanism of risk allocation is designed to protect all stakeholders, and it is vital to project success. Qualitative and quantitative ways of optimizing risk allocation have been well documented in extant literature (e.g., allocation principles, models, and solutions), and the foci of existing research are usually the maximization of rational utility. Few research has focused on partners’ social preferences affecting the output of risk allocation. This study presents a quantitative approach based on modeling alliance member (AM)’s inequity aversion (IA) to analyze risk-sharing arrangements in an alliance project. Fehr and Schmidt’s inequity-aversion model is integrated into modeling partner’s utility. This paper derives results for an alliance leader (AL)’s optimal risk-sharing ratio and AM’s optimal risk-management effort simultaneously. The derivation is based on solving a restrained optimization problem using the conception and methods from Stackelberg game theory. Results show that an AM’s IA significantly affects risk allocation between AL and AM. Specifically, envious preference is positively related to AL’s optimal risk-sharing ratio, whereas guilty preference negatively affects AL’s optimal risk-sharing ratio. These findings will be of interest to academics and practitioners involved in designing alliance negotiations.

Keywords： public project     contract design     risk sharing     inequity aversion     governance    

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Blockchain-based smart contract for smart payment in construction: A focus on the payment freezing and

Frontiers of Engineering Management 2022, Volume 9, Issue 2,   Pages 177-195 doi: 10.1007/s42524-021-0184-y

Abstract: Recent development in blockchain technology, particularly its smart contract, seems to provide a newThis study aims to develop a blockchain-based smart contract (BBSC) system for smart payment in the construction

Keywords： blockchain     construction project     smart contract     smart payment     payment dispute    

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Contract management is the key of item management——the experience of international contract management

Zhang Jiyao

Strategic Study of CAE 2011, Volume 13, Issue 4,   Pages 54-67

Abstract: Yellow River, which got great attention of the water project field with the complex geology, difficult designthe contractors from 40 countries and districts had conflicts with the project owner according to the contractwith high quality, and properly treated each complex dissension, accumulated important international contract

Keywords： item management     contract management     Xiaolangdi Water Complex    

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Systematic research on tripartite contract in modern engineering projects

Lin Jichu,Cheng Hu

Strategic Study of CAE 2008, Volume 10, Issue 11,   Pages 93-96

Abstract:

Tthe tripartite contract was analyzed and researched systematically.Itsconcept, ordinary types and characteristics were put forward.Finally, the questions of tripartite contract

Keywords： modern engineering project     tripartite contract     ordinary type     contract feature     systematic research    

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Evolution of partnering contracts — new engineering contract trials

Liu Zhengguang

Strategic Study of CAE 2012, Volume 14, Issue 12,   Pages 81-84

Abstract: development of society, the engineering industry has become very complex, so the traditional construction contractwide study and discussion, the Institution of Civil Engineers (ICE) agreed to improve the construction contractIn 1993, the new engineering contract (NEC) was launched by ICE to encourage the “team spirit&rdquoThe project results show that the NEC can save the duration and cost, reduce the contract disputes and

Keywords： traditional engineering contract     NEC     experience of NEC    

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Digitalization for supply chain resilience and robustness: The roles of collaboration and formal contracts

Frontiers of Engineering Management   Pages 5-19 doi: 10.1007/s42524-022-0229-x

Abstract: Black swan events such as the coronavirus (COVID-19) outbreak cause substantial supply chain disruption risks to modern companies. In today’s turbulent and complex business environment, supply chain resilience and robustness as two critical capabilities for firms to cope with disruptions have won substantial attention from both the academia and industry. Accordingly, this study intends to explore how digitalization helps build supply chain resilience and robustness. Adopting organizational information processing theory, it proposes the mediating effect of supply chain collaboration and the moderating effect of formal contracts. Using survey data of Chinese manufacturing firms, the study applied structural equation modelling to test the research model. Results show that digitalization has a direct effect on supply chain resilience, and supply chain collaboration can directly facilitate both resilience and robustness. Our study also indicates a complementary mediating effect of supply chain collaboration on the relationship between digitalization and supply chain resilience and an indirect-only mediation effect on the relationship between digitalization and supply chain robustness. Findings reveal the differential roles of digitalization as a technical factor and supply chain collaboration as an organizational factor in managing supply chain disruptions. Paradoxically, formal contracts enhance the relationship between digitalization and supply chain resilience but weaken the relationship between supply chain collaboration and supply chain resilience. The validation of moderating effects determines the boundary conditions of digitalization and supply chain collaboration and provides insights into governing supply chain partners’ behavior. Overall, this study enhances the understanding on how to build a resilient and robust supply chain.

Keywords： digitalization     supply chain     resilience     robustness     collaboration     formal contract    

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Risk, Contract Management, and Financing of the Gotthard Base Tunnel in Switzerland

Davide Fabbri

Engineering 2019, Volume 5, Issue 3,   Pages 379-383 doi: 10.1016/j.eng.2019.04.001

Keywords： EngineeringAchievements    

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The outlook of blockchain technology for construction engineering management

Jun WANG, Peng WU, Xiangyu WANG, Wenchi SHOU

Frontiers of Engineering Management 2017, Volume 4, Issue 1,   Pages 67-75 doi: 10.15302/J-FEM-2017006

Abstract: Three types of blockchain-enabled applications are proposed to improve the current processes of contract

Keywords： Blockchain     contract management     supply chain management     equipment leasing    

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Blockchain-driven supply chain finance solution for small and medium enterprises

Jian LI, Shichao ZHU, Wen ZHANG, Lean YU

Frontiers of Engineering Management 2020, Volume 7, Issue 4,   Pages 500-511 doi: 10.1007/s42524-020-0124-2

Abstract: Blockchain has attracted much attention in recent years with the development of cryptocurrency and digital assets. As the underlying technology of cryptocurrency, blockchain has numerous benefits, such as de-centralization, collective maintenance, tamper-resistance, traceability, and anonymity. The potential of the blockchain technology (BT) is widely recognized in the financial field. Although some scholars have proposed the combination of blockchain and supply chain finance (SCF), the details of this combination is rarely mentioned. This study first analyzes the coupling between SCF and blockchain technology. Second, the conceptual framework of blockchain-driven SCF platform (BcSCFP) is presented. Third, the operation process of three SCF models on the BcSCFP is proposed. Finally, a case study combined with actual events is conducted. This paper has a positive practical significance in the operation and management of banks and loan enterprises.

Keywords： blockchain technology     supply chain finance     risk management     smart contract     decentralization    

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Blockchain application in healthcare service mode based on Health Data Bank

Jianxia GONG, Lindu ZHAO

Frontiers of Engineering Management 2020, Volume 7, Issue 4,   Pages 605-614 doi: 10.1007/s42524-020-0138-9

Abstract: Furthermore, three application scenarios including distributed storage of health data, smart-contract-based

Keywords： Health Data Bank     blockchain     data assets     smart contract     incentive mechanism    

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Technology Development and Application of Blockchain: Current Status and Challenges

Sun Yi,Fan Lingjun and Hong Xuehai

Strategic Study of CAE 2018, Volume 20, Issue 2,   Pages 27-32 doi: 10.15302/J-SSCAE-2018.02.005

Abstract: blockchain technologies (e.g. blockchain architecture, consensus algorithm, privacy preserving, smart contract

Keywords： high-throughput blockchain     consensus protocol     smart contract     cross-chain communication    

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Finance infrastructure through blockchain-based tokenization

Yifeng TIAN, Zheng LU, Peter ADRIAENS, R. Edward MINCHIN, Alastair CAITHNESS, Junghoon WOO

Frontiers of Engineering Management 2020, Volume 7, Issue 4,   Pages 485-499 doi: 10.1007/s42524-020-0140-2

Abstract: The infrastructure finance gap has long-standing implications for economic and social development. Owing to low efficiency, high transaction costs, and long transaction time, conventional infrastructure financing instruments are considered to be major contributors to the increasing mismatch between the need for infrastructure development and available financing. Implemented through smart contracts, blockchain tokenization has shown characteristics that are poised to change the capital stack of infrastructure investment. This study analyzed the first SEC-compliant energy asset security token, ZiyenCoin, from the perspective of the key participants, relevant regulations, and token offering procedures. Results show that tokenization can improve infrastructure assets liquidity, transaction efficiency, and transparency across intermediaries. Conventional infrastructure financing instruments were compared with blockchain tokenization by reviewing the literature on infrastructure finance. The benefits and barriers of tokenizing infrastructure assets were thoroughly discussed to devise ways of improving infrastructure financing. The study also found that the potential of tokenization has not yet been fully realized because of the limited technical infrastructures, regulation uncertainties, volatilities in the token market, and absence of the public sector. This study contributes to the present understanding of how blockchain technology can be implemented in infrastructure finance and the role of tokenization in the structure of public–private partnership and project finance.

Keywords： infrastructure asset     blockchain     tokenization     security token offering     smart contract     public–private partnership    

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Title Author Date Type Operation

Evaluation of the contract reliability for alternative infrastructure project delivery: a contract engineering

Bing WANG, Qingbin CUI, Shuibo ZHANG

Journal Article

The Supply Chain Contract Design under Cap-and-Trade Mechanism with Free Riding

Fu-qiang Wang,Jun Liu

Journal Article

Collaborative adoption of blockchain technology: A supply chain contract perspective

Journal Article

Optimal risk allocation in alliance infrastructure projects: A social preference perspective

Xiang DING, Qian LI

Journal Article

Blockchain-based smart contract for smart payment in construction: A focus on the payment freezing and

Journal Article

Contract management is the key of item management——the experience of international contract management

Zhang Jiyao

Journal Article

Systematic research on tripartite contract in modern engineering projects

Lin Jichu,Cheng Hu

Journal Article

Evolution of partnering contracts — new engineering contract trials

Liu Zhengguang

Journal Article

Digitalization for supply chain resilience and robustness: The roles of collaboration and formal contracts

Journal Article

Risk, Contract Management, and Financing of the Gotthard Base Tunnel in Switzerland

Davide Fabbri

Journal Article

The outlook of blockchain technology for construction engineering management

Jun WANG, Peng WU, Xiangyu WANG, Wenchi SHOU

Journal Article

Blockchain-driven supply chain finance solution for small and medium enterprises

Jian LI, Shichao ZHU, Wen ZHANG, Lean YU

Journal Article

Blockchain application in healthcare service mode based on Health Data Bank

Jianxia GONG, Lindu ZHAO

Journal Article

Technology Development and Application of Blockchain: Current Status and Challenges

Sun Yi,Fan Lingjun and Hong Xuehai

Journal Article

Finance infrastructure through blockchain-based tokenization

Yifeng TIAN, Zheng LU, Peter ADRIAENS, R. Edward MINCHIN, Alastair CAITHNESS, Junghoon WOO

Journal Article