@article { author = {Makui, Ahmad and Mahdavi, Iraj and Farrokhian, Fatemeh}, title = {A Model for Sharing the Costs of Uncontrollable Risks among Contracting Parties}, journal = {Journal of Industrial and Systems Engineering}, volume = {3}, number = {2}, pages = {125-139}, year = {2009}, publisher = {Iranian Institute of Industrial Engineering}, issn = {1735-8272}, eissn = {2717-3380}, doi = {}, abstract = {The allocation of risks among the contracting parties in a contract is an important decision affecting the project success. Some risks in a project are uncontrollable; these are imposed to a project by external factors. Since contracting parties can neither control nor affect the occurrence of such risks, their allocation to a party would be inequitable. Therefore the cost overrun related to uncontrollable risks should be shared between contracting parties with a ratio which makes a win-win relationship between them in contract. This paper presents a mathematical model to achieve an equitable cost sharing ratio for uncontrollable risks between an owner and a contractor before contract conclusion using multi attribute utility theory.}, keywords = {Cost sharing ratio,Uncontrollable risks,Contract,Contracting parties,Utility value,Win-win relationship}, url = {https://www.jise.ir/article_4005.html}, eprint = {https://www.jise.ir/article_4005_aefae59fdbe34d7e332a2016cfa8f99b.pdf} }