A multivariate discriminant analysis is described, aimed at predicting the direction of changes in the Hong Kong tender price index by utilizing the patterns of change in eight leading economic indicators. Two discriminant functions are derived which distinguish between 'upward', 'constant' and...

Many researchers have advocated the development and application of a systematic approach to the selection of procurement processes. Different procurement selection models aimed at improving the decision making process have been proposed. These models generally fail to address the fuzziness of...

Bromilow's log-log time-cost (BTC) model is tested and refitted with a new set of data for Australian construction projects completed between 1991 and 1998. It is shown that, as anticipated by earlier research, different parameter estimates are needed for different project types, with smaller...

Some contractors predict their corporate cash flow on the basis of individual contracts without considering the relationships between the overall before-tax profit, risks, other crucial qualitative factors, or the allocation of resources within the company. Moreover, some contractors, in...