Game Theory Applications in Construction Engineering and Management
Game Theory Applications in Construction Engineering and Management

Summary/Abstract: Game theory usually analyses decision-making processes in various fields. There are different methods of solving decision related problems. Game theory focuses on problem solution from one player’s point of view, while game theory emphasizes its analysis in the interaction among many players. Much of game theory is concerned with finite, discrete games, which have a finite number of players, moves, events, outcomes, etc. Many researchers in different research fields’ work applied the game theory in: construction engineering, management area. The article presents review of 42 years of scientific work of Professor Friedel Peldschus in the fields of game theory application in construction engineering and management. A review of scientific achievements and activity of Professor Friedel Peldschus, focusing on his research.

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