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Sustainability 2016, 8(4), 325; doi:10.3390/su8040325

Risk Factors of Building Apartments for University Talent through the Agent Construction Mode in China: Interrelationship and Prioritization

1
Real Estate Management Office, Zhejiang University, Hangzhou 310058, China
2
Department of Land Management, Zhejiang University, Hangzhou 310058, China
3
School of Public Administration, Zhejiang University of Finance & Economics, Hangzhou 310018, China
*
Author to whom correspondence should be addressed.
Academic Editor: Marc A. Rosen
Received: 23 February 2016 / Revised: 24 March 2016 / Accepted: 28 March 2016 / Published: 31 March 2016
View Full-Text   |   Download PDF [769 KB, uploaded 31 March 2016]   |  

Abstract

Apartments for university talent (AUT), are apartments provided to staff at non-market price, in order to attract outstanding scholars from around the world to work in universities and improve educational quality. This has been a critical issue in achieving social sustainability in China during rapid urbanization and industrialization. The agent construction mode has been adopted to build AUT because universities usually lack relevant management experience. The agent construction mode is a type of turnkey engineer construction based on the principal-agent model, project bidding mode, engineering contracting projects, and project supervision system. Risk factors are important considerations for both universities and agent construction companies. Although some studies have investigated the risk factors, only a few studies have identified the hierarchical structure of relevant risk factors. Therefore, the interrelationship and prioritization of the risk factors remain unknown, and this situation presents a barrier to better risk management. This paper investigates the interrelationship of risk factors with interpretative structural modeling (ISM). In addition, fuzzy MICMAC (matric d’impacts croises-multiplication appliqué a un classemen) analysis was conducted to prioritize the risk factors. The findings provide useful references for better risk management of building AUT through the agent construction mode. Although this study focuses on China, the analytical process can also be generalized to other research topics and other countries. View Full-Text
Keywords: agent construction mode; apartments for university talent; social sustainability; risk factor; interrelationship; ISM; fuzzy MICMAC; China agent construction mode; apartments for university talent; social sustainability; risk factor; interrelationship; ISM; fuzzy MICMAC; China
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Liu, Z.; Jiang, W.; Wu, Y.; Peng, Y. Risk Factors of Building Apartments for University Talent through the Agent Construction Mode in China: Interrelationship and Prioritization. Sustainability 2016, 8, 325.

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