Showing 1 - 10 of 64
Most real world decision-making combines quantitative and qualitative (linguistic) variables. Conventional mathematics that combines qualitative and quantitative concepts exhibits difficulty in modelling actual problems. The research presented in this paper illustrates a mathematical approach to...
Persistent link: https://www.econbiz.de/10005269081
This paper explores the current practice of capital budget planning and control in the Hong Kong (HK) construction industry, based on two surveys undertaken in 1994 and 1999. The aims of these surveys were to uncover the financial planning, monitoring and control procedures used by building...
Persistent link: https://www.econbiz.de/10005482575
Clients need to be informed in advance of their likely future financial commitments and cost implications as the design evolves. This requires the estimation of building cost based on historic cost data that is updated by a forecasted Tender Price Index (TPI), with the reliability of the...
Persistent link: https://www.econbiz.de/10005269146
A number of procurement selection systems have been developed over the last decade. The use of multi-attribute decision analysis has been considered the foremost technique for examining client needs and the weightings of preferences from experts for each procurement system in the most objective...
Persistent link: https://www.econbiz.de/10005482684
The use of project dispute resolution satisfaction (DRS) as a project success measurement responds to the increasing concern over the spread of the dispute epidemic within the construction industry in Hong Kong. The DRS of a project is considered as favourable where disputes are resolved within...
Persistent link: https://www.econbiz.de/10005633197
The construction industry is characterized by the existence of multiple trades and crafts. With the existence of multiple-tiers of labour-only-subcontracting in Hong Kong, tradesmen are normally assigned to tasks of a narrowly defined skill. Lately, there has been a call for the adoption of a...
Persistent link: https://www.econbiz.de/10005268994
With the rise in the public concern on environmental protection, more construction firms start to apply environmental management for their construction activities. As a result, environmental management systems (EMS) have been implemented in construction. However, to improve the construction...
Persistent link: https://www.econbiz.de/10005269087
In financial decision-making, a number of mathematical models have been developed for financial management in construction. However, optimizing both qualitative and quantitative factors and the semi-structured nature of construction finance optimization problems are key challenges in solving...
Persistent link: https://www.econbiz.de/10005438600
Contractor pre-qualification can be regarded as a complicated, two-group, non-linear classification problem. It involves a variety of subjective and uncertain information extracted from various parties such as contractors, pre-qualifiers and project teams. Non-linearity, uncertainty and...
Persistent link: https://www.econbiz.de/10005633206
Genetic algorithms (GAs) have been introduced into site layout planning as reported in a number of studies. In these studies, the objective functions were defined so as to employ the GAs in searching for the optimal site layout. However, few studies have been carried out to investigate the...
Persistent link: https://www.econbiz.de/10005269006