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China’s International Engineering Risks in the Post-pandemic Age Based on Network Theory

In: Proceedings of the 27th International Symposium on Advancement of Construction Management and Real Estate

Author

Listed:
  • Lijia Shao

    (Wuhan University)

  • Zhaoqian Liao

    (Wuhan University)

  • Lin Yang

    (Wuhan University)

Abstract

Since the outbreak of the COVID-19 epidemic, the global economy has become increasingly sluggish, which has also affected the international engineering contracting market. With the normalization of the global epidemic, many China’s international engineering (CIE) contracting companies have been affected by the operation and basic work, and are facing various risks and crises. Therefore, the purpose of this study is to find out the critical risks and risk paths faced by CIE in the post-pandemic age. Through literature review and expert interviews, this study identified 20 risks. Then, the relationship between these 20 risks is determined by expert scoring. Using the network theory method to build a risk network, 9 key nodes are determined and divided into critical initial risks, critical transmission risks and critical endpoint risks. Finally, the risk transmission mechanism is obtained, and corresponding countermeasures are proposed for CIE contractors. This study is of great significance for the development of CIE in the post-pandemic age.

Suggested Citation

  • Lijia Shao & Zhaoqian Liao & Lin Yang, 2023. "China’s International Engineering Risks in the Post-pandemic Age Based on Network Theory," Lecture Notes in Operations Research, in: Jing Li & Weisheng Lu & Yi Peng & Hongping Yuan & Daikun Wang (ed.), Proceedings of the 27th International Symposium on Advancement of Construction Management and Real Estate, pages 1248-1261, Springer.
    • Handle: RePEc:spr:lnopch:978-981-99-3626-7_97
    DOI: 10.1007/978-981-99-3626-7_97
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