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Adeli, H and Karim, A (1997) Scheduling/Cost Optimization and Neural Dynamics Model for Construction. Journal of Construction Engineering and Management, 123(04), 450–8.

Arditi, D, Kale, S and Tangkar, M (1997) Innovation in Construction Equipment and Its Flow into the Construction Industry. Journal of Construction Engineering and Management, 123(04), 371–8.

Hartman, F, Snelgrove, P and Ashrafi, R (1997) Effective Wording to Improve Risk Allocation in Lump Sum Contracts. Journal of Construction Engineering and Management, 123(04), 379–87.

Jaafari, A (1997) Concurrent Construction and Life Cycle Project Management. Journal of Construction Engineering and Management, 123(04), 427–36.

Kang, L S and Paulson, B C (1997) Adaptability of Information Classification Systems for Civil Works. Journal of Construction Engineering and Management, 123(04), 419–26.

Pocock, J B, Liu, L Y and Kim, M K (1997) Impact of Management Approach on Project Interaction and Performance. Journal of Construction Engineering and Management, 123(04), 411–8.

Portas, J and AbouRizk, S (1997) Neural Network Model for Estimating Construction Productivity. Journal of Construction Engineering and Management, 123(04), 399–410.

Schexnayder, C and Ohrn, L G (1997) Highway Specifications—Quality versus Pay. Journal of Construction Engineering and Management, 123(04), 437–43.

Touran, A (1997) Probabilistic Model for Tunneling Project Using Markov Chain. Journal of Construction Engineering and Management, 123(04), 444–9.

Venegas C., P and Alarcón C., L F (1997) Selecting Long-Term Strategies for Construction Firms. Journal of Construction Engineering and Management, 123(04), 388–98.

  • Type: Journal Article
  • Keywords:
  • ISBN/ISSN: 0733-9364
  • URL: https://doi.org/10.1061/(ASCE)0733-9364(1997)123:4(388)
  • Abstract:
    A methodology to analyze construction firms' long-term strategies is described. This methodology provides a systematic approach to study and analyze external and internal scenarios for a construction firm doing strategic planning. A conceptual model that is a simplified model of the variables and interactions present in the analysis of strategic decisions in the construction industry is built. An analytical model designed to predict the impact of strategic decisions supports the analysis process by integrating expert knowledge and assessments of the strategic planning team into a mathematical model. This model uses concepts of cross-impact analysis and probabilistic inference to capture risks and uncertainties present in the strategic scenarios. Strategies for long-term company development such as marketing programs to emergent markets, systems to implement total quality, etc., can be evaluated using criteria selected by company management. The model allows management to test different combinations of company long-term strategies and predict expected sales, market share, or other measures of company performance. The case of a Chilean construction company is used to illustrate the methodology.

Walsh, K D, Houston, W N and Houston, S L (1997) Field Implications of Current Compaction Specification Design Practices. Journal of Construction Engineering and Management, 123(04), 363–70.