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An Analysis of the Dilemma in Offering Incentive to Mine Operators and Selection of the Ways to Its Solution

In: The 19th International Conference on Industrial Engineering and Engineering Management

Author

Listed:
  • Nai-wen Li

    (Liaoning Technology University)

  • Li-rong Zhou

    (Liaoning Technology University)

Abstract

Incomplete information and multiple-task incentive are the dilemma in offering incentives to mine operators. Adopting the game theory and related theories in information economics, first, this paper analyzes the dilemma, then based on Chinese national conditions and the characteristics of mine operators. It suggests that the salary incentive mechanism should be devised to create constrains on both participation and motivation, differentiated incentive contracts should be formulated from the angle of multiple-task incentive and competence-based selection, the role of academic title promotion in motivating mine operators should be brought into full play, and the mine operators should be considered to help improve their own competence in designing the incentive mechanism.

Suggested Citation

  • Nai-wen Li & Li-rong Zhou, 2013. "An Analysis of the Dilemma in Offering Incentive to Mine Operators and Selection of the Ways to Its Solution," Springer Books, in: Ershi Qi & Jiang Shen & Runliang Dou (ed.), The 19th International Conference on Industrial Engineering and Engineering Management, edition 127, chapter 0, pages 363-370, Springer.
    • Handle: RePEc:spr:sprchp:978-3-642-38442-4_39
    DOI: 10.1007/978-3-642-38442-4_39
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