Abstract

ABSTRACT. Any interaction involving individuals, whose objectives are conflicting with each other,may establish a negotiation process. In a negotiation, each party should develop his/her own strategy and,normally, a win-lose vision is frequently adopted. The main consequence of this behavior is a result, inwhich both parties lose, especially when the negotiation involves more than one aspect, such as negotia-tions resulting from purchases of material for construction i ndustry, where aspects like price, quality andlead-time should be considered. Most of the negotiation involving construction industry adopts a win-losevision; and, commonly, only the issue price is considered.The goal of this paper is to propose a frameworkto support negotiations between two parties (buyer and seller) in the supply chain of construction industry.The combination of a win-win strategy with a multicriteria analysis pr oduces a best compromise solutionfor both parties. A simulation of negotiation using realistic data is presented.

Full Text
Paper version not known

Talk to us

Join us for a 30 min session where you can share your feedback and ask us any queries you have

Schedule a call

Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.