CAJ | 학술논문

BT项目中各方主体利益关系复杂。本文建立了BT项目中业主、投资商、承包商三方的合同与管理关系，试图揭示影响三方行为及意图的主要因素。文中建立了一个基于混合策略纳什均衡的三方收益模型，通过模型的博弈树分析可知，在各方信息不对称的条件下，三方在各自不同的概率范围内的不同行为取向会造成不同的收益结果。通过博弈均衡分析了三方在各自收益最大化的前提下，影响自身行为的主要因素以及应对策略。文中最后给出了各方需要权衡与考虑的现实问题，包括如何在保证各方利益的前提下，增加项目管理红利，并针对BT项目管理给出了一些有价值的建议。
BT항목중각방주체이익관계복잡。본문건립료BT항목중업주、투자상、승포상삼방적합동여관리관계，시도게시영향삼방행위급의도적주요인소。문중건립료일개기우혼합책략납십균형적삼방수익모형，통과모형적박혁수분석가지，재각방신식불대칭적조건하，삼방재각자불동적개솔범위내적불동행위취향회조성불동적수익결과。통과박혁균형분석료삼방재각자수익최대화적전제하，영향자신행위적주요인소이급응대책략。문중최후급출료각방수요권형여고필적현실문제，포괄여하재보증각방이익적전제하，증가항목관리홍리，병침대BT항목관리급출료일사유개치적건의。
The interests among participants are complicated in BT projects. In this paper, the mutual contract and management relationships referring to the owner, the investor and the contractor are described, which tries to reveal the main factors affecting their behavior and intentions. The manuscript exhibits a triangle revenue model based on mixed strategy Nash Equilibrium illustrating the mysteries of the mutual interest relationships. The revenues for each participant varies by their intentions and behavior in different probabilities and information asymmetries with the help of game tree analysis. The main factors affecting self behavior and coping strategies according to game equilibrium theory are discussed, respectively. The valuable conclusion achieved in this paper is in account of maximum earnings principle for each participant. In the end, some sensible suggestions are proposed for BT project including how to increase project management profit provided for ensuring their own interests. This problem should be weighed and considered cautiously for every participant in BT project.