Decision making is a tough process. It involves dealing with a lot of uncertainty and projecting what the final outcome might be. Depending on the projection of the uncertain outcome, a decision has to be made. In a peer-to-peer financial interaction the trusting agent, in order to analyse the...

The morality of marketing practices in the construction industry is an issue of economic and social significance which attracts public and legislative concern. Criticisms, as well as negative publicity, are mostly concentrated around collusive tendering: illegal agreements between tenderers that...

Nowadays, most of the infrastructure project developments undertaken are complex in nature, demanding greater skill and technologies, fast track work practices, good decision making and analytical skill, and capabilities to utilize Information Communication Technologies (ICT) specifically in...

Most infrastructure project developments are complex in nature, particularly in planning phase. During this stage, many vague alternatives occur - from the strategic to operational level. Human judgement and decision making are characterized by biases, errors and the use of heuristics. These...

The economiser is a critical component for efficient operation of coal-fired power stations. It consists of a large system of water-filled tubes which extract heat from the exhaust gases. When it fails, usually due to erosion causing a leak, the entire power station must be shut down to effect...

Most infrastructure projects share the same characteristics in term of management aspects and shortcomings. Human factor is believed to be the major drawbacks due to the nature of unstructured problems which can further contribute to management conflicts. This growing complexity in...

Highway construction often requires a significant capital input; therefore it often causes serious financial implications for developers, owners and operators. The recent industry-wide focus on sustainability has added a new dimension to the evaluation of highway projects, particularly on the...