It is well-known that the presence of serial correlation may result in an inefficient or even biased estimation in time series analysis. In this paper, we consider testing serial correlation when the model error follows a GARCH process which is frequently used in modelling financial data. Two...

As construction is a project‐orientated industry, it is suggested in this paper that traditional business process re‐engineering (BPR) will only improve intra‐organisational business processes, not the inter‐organisational normally used to procure construction facilities because of the...

Process re‐engineering, a recently popularised phenomenon, has been advocated as a change management strategy that can be used to refocus organisational tasks into processes so that dramatic performance improvements in critical, contemporary measures of performance such as cost, quality...

One of the most perplexing issues facing organizations in the construction industry is their inability to become quality focused. As a result sub-standard products and services often emanate, which inadvertently result in rework. Typically, rework is caused by errors made during the design...