An Analysis of the Benfit on Green Risk in Construction Projects

Xianfeng Zhang, Chuanmin Shuai

.

DOI: 10.4236/jep.2010.13038                

Abstract

The Construction project green risks (CPGRs) refer to those threats to environment, energy sources and material re-sources during the entire life-cycle of a construction project. The emergent green risks in exploiting these resources are of varying concern to all. In this paper, evolutionary game is introduced to make about impacts of strategy choices from interactions among the choices developers, and between the choices developers and EPDs on project green risk. The results show that CPGRs will occur if either developers find that not managing CPGRs has a better payoff than opting for CPGR management, or if monitors impose only mild fines even when they find CPGRs within construction projects of developer’s firms. The study also shows that there is a prohibitively expensive cost incurred by EPDs in monitoring CPGRs. Finally, some strategies are given for EPDs to help them make policies to regulate the strategies of developers.

Keywords

Construction Project Management, Green Risk, Evolutionaryary Game, Strategy Developer

Conflicts of Interest

The authors declare no conflicts of interest.

References

[1]	J. X. Kasperson and R. E. Kasperson, “Global Environmental Risk,” United Nations University Press, 2001.
[2]	X. F. Zhang, “A New Challenge in Construction Management—the Sustainable Development,” Resource, Environment and Projection, in Chinese, Vol. 9, 2004, pp. 88-91.
[3]	B. V. Reddy and K. S. Jagadish, “Embodied Energy of Common and Alternative Building Materials and Technologies,” Energy and Buildings, Vol. 35, No. 2, 2003, pp. 129-137.
[4]	M. Lenzen and G. Treloar, “Embodied Energy in Buildings: Wood versus Concrete-Reply to B?rjesson and Gustavsson,” Energy Policy, Vol. 30, No. 3, 2002, pp. 249-255.
[5]	C. Scheuer and A. Gregory, “Life Cycle Energy and Environmental Performance of a New University Building: Modelling Challenges and Design Implications,” Energy and Buildings, Vol. 35, No. 10, 2003, pp. 1049-1064.
[6]	A. Horvath, “Estimation of Environmental Implications of Construction Materials and Designs Using Life Cycle Assessment Techniques,” Carnegie Mellon University, 1997.
[7]	R. Wilson and A. Young, “The Embodied Energy Pay- Back Period of Photovoltaic Installations Applied to Buildings in the U.K.,” Building and Environment, Vol. 31, No. 4, 1996, pp. 299-305.
[8]	S. T. Li and H. Q. Li, “The Sustainable Development and the Dematerialization Construction in Construction Projects,” Construction Economy, in Chinese, Vol. 4, 2007.
[9]	H. Li, S. Q. He and S. T. Li, “Study on Synthesis Evaluation Model of Dematerialization Construction in Construction Projects,” Construction Conserves Energy, in Chinese, Vol. 5, 2008, pp. 68-71.
[10]	J. E. Young, et al., “Creating a Sustainable Materials Economy,” State of the World, in Chinese, Vol. 6, 1995, pp. 88-92.
[11]	Federal Minister for the Environment, “Towards Sustainable Development in Germany,” Government of the Federal Republic of Germany, 1997.
[12]	Y. H. Feng and Y. Q. Li, “Game Analyses of Environment Protection,” Journal of Xi’an University of Science & Technology, in Chinese, Vol. 23, No. 4, 2003, pp. 408- 410.
[13]	W. Wu, G. Y. Cheng, H. C. Wang, et al., “The Gamble Analysis on Environmental Pollution Problem,” Systems Engineering-Theory & Practice, in Chinese, Vol. 21, No. 10, 2001, pp. 115-119.
[14]	D. M. Wang and W. Q. Li, “Application of Game Theory to Environmental Protection,” Urban Environment & Urban Ecology, in Chinese, Vol. 17, No. 5, 2004, pp. 45-47.
[15]	H. Gintis, “Game Theory Evolving,” Princeton University Press, Princeton, 2000.
[16]	S. Y. Xie, “Economic Game Theory,” in Chinese, Fudan University Press, Shanghai, 2002.