Project Games

CentER Discussion Paper Series No. 2005-91

23 Pages Posted: 15 Sep 2005

See all articles by Arantza Estevez-Fernandez

Arantza Estevez-Fernandez

VU University Amsterdam - Department of Econometrics and Operations Research; Tinbergen Institute

Peter Borm

Tilburg University - Center for Economic Research (CentER); Tilburg University - Department of Econometrics & Operations Research

Herbert Hamers

Tilburg University - Center for Economic Research (CentER); Tilburg University - Department of Econometrics & Operations Research

Date Written: July 2005

Abstract

This paper studies situations in which a project consisting of several activities is not executed as planned. It is divided into three parts. The first part analyzes the case where the activities may be delayed; this possibly induces a delay on the project as a whole with additional costs. Associated delayed project games are defined and are shown to have a nonempty core. The second part considers the case where the activities may be expedited; this possibly induces an expedition of the project as a whole creating profits. Corresponding expedited project games are introduced and are shown to be convex. The third and last part studies situations where some activities may be delayed and some activities may be expedited. Related project games are defined and shown to have a nonempty core.

Keywords: project planning, delay, expedition, cooperative games, convexity

JEL Classification: C71

Suggested Citation

Estevez-Fernandez, Arantza and Borm, Peter E. M. and Hamers, Herbert, Project Games (July 2005). Available at SSRN: https://ssrn.com/abstract=800427 or http://dx.doi.org/10.2139/ssrn.800427

Arantza Estevez-Fernandez (Contact Author)

VU University Amsterdam - Department of Econometrics and Operations Research ( email )

De Boelelaan 1105
1081 HV Amsterdam
Netherlands

Tinbergen Institute ( email )

Gustav Mahlerplein 117
Amsterdam, 1082 MS
Netherlands

Peter E. M. Borm

Tilburg University - Center for Economic Research (CentER) ( email )

P.O. Box 90153
Tilburg, 5000 LE
Netherlands

Tilburg University - Department of Econometrics & Operations Research

Tilburg, 5000 LE
Netherlands

Herbert Hamers

Tilburg University - Center for Economic Research (CentER) ( email )

P.O. Box 90153
Tilburg, 5000 LE
Netherlands
+31 13 4666 2660 (Phone)

Tilburg University - Department of Econometrics & Operations Research

Tilburg, 5000 LE
Netherlands

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