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Construction Management and Economics

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Construction Management and Economics is the study of the planning, coordination, and control of construction projects, focusing on the economic aspects such as cost estimation, budgeting, financial management, and economic analysis to optimize resource allocation and enhance project efficiency and profitability.
lightbulbAbout this topic
Construction Management and Economics is the study of the planning, coordination, and control of construction projects, focusing on the economic aspects such as cost estimation, budgeting, financial management, and economic analysis to optimize resource allocation and enhance project efficiency and profitability.
The next step in the use of innovative, dynamic and performance-based contracts for service delivery by contractors could be use of monetary incentives to stimulate self-regulation of the network. Because it is currently unclear how... more
Despite the existence of many studies showing positive effects of using Information and Communication Technology (ICT) in the teaching and learning process in general, the use of ICT in teaching writing skills in English as a Second... more
The present article gathers examples of modular dwelling concepts, where Cross Laminated Timber (CLT) and other timber-based products are the primary elected material, and makes comparisons between the 'prefabrication construction process... more
Previous research suggests that construction industry companies use relatively little formal managerial procedures when managing knowledge. Instead, many construction companies are relying on informal networks and social capital as... more
Motivation has long been one of management's most difficult and important duties. Success in this subject is becoming more challenging in organizational trends because business environment changes quickly and becomes more competitive.... more
Insolvency may be broadly defined as an inability of a business entity to meet pending financial commitments. For a construction firm, such a situation creates conditions whereby a business entity is unable to fulfill its contractual... more
The United Kingdom’s construction sector, valued at $513.5 billion in 2023 and accounting for 6% of national GDP, presents significant opportunities for international firms seeking market entry. Driven by urbanization, housing shortages,... more
The purpose of this paper is to evaluate the performance of two approaches based on Vector Evaluated Particle Swarm Optimization (VEPSO) algorithm in two real world applications, which are the environmental economic dispatch problem and... more
The construction supply chain is of temporary nature and complex, with many interactions between multiple actors in different construction projects. This challenging context typically leads to relatively higher costs and lower... more
The construction supply chain is of temporary nature and complex, with many interactions between multiple actors in different construction projects. This challenging context typically leads to relatively higher costs and lower... more
This is a working paper and has been submitted to other conferences for presentation. Please do not cite without permission from the author. Despite its consistent use and application by management scientists and practitioners alike, an... more
Studies across trades suggest that occupational accident and injury rates and costs are higher than average in the construction industry. There is, a need for innovative and cost-effective occupational safety approaches. The Finnish... more
The uncertainties (e.g. altering labor productivity, weather changes, material shipment delays, and site-based conditions) have been the root causes of the construction industry continuously struggling to perfectly estimate the durations... more
Employment requirements, as part of social procurement, are increasingly used in construction procurement as a tool to mitigate issues of exclusion on the job market. To create a better understanding how employment requirements nurtures a... more
The most important impediment to interregional trade is the transportation and transaction cost among trading parties. In this study, the transportation and transaction cost is characterized in three different forms of gaps between... more
The uncertainties (e.g. altering labor productivity, weather changes, material shipment delays, and site-based conditions) have been the root causes of the construction industry continuously struggling to perfectly estimate the durations... more
This paper suggests a classification of the social roles simulation models can play. Two dimensions are distinguished according to the context and use of models: models can be boundary objects or representative objects and they can be... more
Despite the existence of many studies showing positive effects of using Information and Communication Technology (ICT) in the teaching and learning process in general, the use of ICT in teaching writing skills in English as a Second... more
This paper sought to analyse the influence of mass communication on customers’ satisfaction regarding e-banking services, for two selected commercial banks in Sylhet city, Bangladesh. One of them is Private Commercial Bank and another one... more
Building Information Modelling (BIM) is increasingly deployed as part of the processes in Architecture, Engineering and Construction (AEC) industry projects. While the benefits of BIM have been extensively proclaimed, explicit... more
Notice: Changes introduced as a result of publishing processes such as copy--editing and formatting may not be reflected in this document. For a definitive version of this work, please refer to the published source.
Research in construction financial management has frequently centred on the development, usage and accuracy assessment of cash-flow forecasting tools and techniques. The conventional approach simulates S-curves of anticipated flows of... more
Various 'short cut' approaches have been adopted in cash flow forecasting ranging from the statistical, mathematical, simulation and the use of artificial intelligence techniques. However, the majority of these approaches failed to... more
The excessive level of construction business failures and their association with financial difficulties has placed financial management in the forefront of many business imperatives. This has highlighted the importance of cash flow... more
Research in construction financial management has frequently centred on the development, usage and accuracy assessment of cash-flow forecasting tools and techniques. The conventional approach simulates S-curves of anticipated flows of... more
The aim of this research is to identify the determinants of excess liquidity defined as excess reserves in the banking sector in Bosnia and Herzegovina (B&H). The empirical analysis is carried out through the use of the dynamic panel... more
This paper examines the role of non-oil revenue in the preparation of Nigeria's 2025 budget estimates. Nigeria, a country historically reliant on oil exports, faces the challenge of diversifying its economy to reduce dependency on oil... more
When construction projects are halted or slowed by conflicts with stakeholders, they have lost their social license. Social licenses are granted by stakeholder networks, which include community groups, among others. Project managers would... more
The optimization problem of planning Wireless Mesh Networks (WMNs) is a challenging problem that has been regarded as a cost-minimization problem, while other pertinent Quality of Service (QoS) criteria are modeled as constraints to be... more
Collaborative project delivery models (CPDMs) are increasing in popularity as infrastructure construction projects become more complex and grow in scale and scope. CPDMs build on high levels of trust, information exchange and formal... more
Objectives, Purpose, or Aim: The aim of this article is to contribute to the better design of wayfinding systems by explicating the indexical properties of directional arrows and their consequences for wayfinding behavior. Background: The... more
Advanced management accounting techniques have been seen by IFAC's (1998) evolution framework as a shift towards value creation and providing timely and relevant information needed for decision making. The adoption of advanced management... more
George Osborne has recently outlined new thinking on private financing for major public service projects. Widely criticised as saddling public bodies with long-term debts, the Private Finance Initiative funding model has been used... more
The research aims to investigate the factors affecting brand loyalty in football industry. In order to achieve this aim, the loyalty of the supporters of Beşiktaş, Fenerbahçe, Galatasaray, and Trabzonspor called as "The Big Four" since... more
Although climatic heat stress can be fully brought under control and prevented from causing short-term or long-term damage to the human body in laboratory experiments, the expected effect of interventions are however often lost in the... more
We employed a Glaserian grounded theory approach to explore the gap between behavioural safety and its unsatisfactory outcomes. Data were collected through ethnographic studies on the practice of managing heat stress on thirty-six... more
I have been exceedingly blessed to be surrounded by people who have encouraged and supported me in my endeavours. I have enjoyed overwhelming support from family, mentors and friends especially in the creation of this work -I say a big... more
I have been exceedingly blessed to be surrounded by people who have encouraged and supported me in my endeavours. I have enjoyed overwhelming support from family, mentors and friends especially in the creation of this work -I say a big... more
Building industry as one of the greatest industries in Iran comprises a significant share of waste generation in the country. Since a large quantity of the generated construction waste is buried due to the lack of a recycling protocol, it... more
This paper presents a new methodology for obtaining a quantitative measure of human task perJorrnance complexity and effort on the construction site. An example application of the developed methodology to the analysis of concrete... more
Stakeholder impact analysis of infrastructure project management in developing countries : a study of perception of project managers in state-owned engineering firms in Vietnam. Construction Management and Economics, 27(11). pp. 1129-1140.
Bidding is a strategic and vital stage for construction contractors. Regarding this contractors are always encounter with two important issues: first, they should decide to bid or no to bid for a project and second, they should decide the... more
The aim of this study was to identify the relationships between cytokine status, lipid peroxidation (LPO) products, and total antioxidant activity (TAA) in obese adolescent boys and girls. Methods and Results: The study included 29 boys... more
The emergence of a new technology like BIM is often connected with extensive discussions of industrial and organizational development and change. However, predicting the use trajectory of a technology has always been a difficult task. In... more
There is a need for a better approach to measure construction productivity rigorously, multilaterally, longitudinally and decomposed into its components. In response, this paper offers a robust approach to analysing construction... more
The success of PPP-BOT projects largely depends on effectively mitigating the impact of a variety of risks and uncertainties, especially those influencing the revenue over time. Revenue instability is one of the main obstacles of PPP form... more
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