Risk Propagation of Delayed Payment in Stakeholder Network of Large Hydropower Project Construction considering Risk Resistance and Mitigation

Figure 4

Process of risk propagation in conceptual stakeholder network. (a) Stakeholder 1, as risk propagation source, propagates the risk to its neighbor stakeholders 2, 3, and 5 with probability λ, respectively. (b) Because the risk-resisting abilities of stakeholders 2 and 3 are smaller than λ, their normal states are transferred to risky state. With increment of quantity of loss-making stakeholders connected with stakeholder 4, its state is varied from normal to risky state. Stakeholder 1 has probability β to recover to the normal state; meanwhile it is also affected by stakeholders 2 and 3 with λ.

(a)

(b)