Abstracts – Browse Results

Search or browse again.

Click on the titles below to expand the information about each abstract.
Viewing 12 results ...

Chan, A T S and Chan, E H W (2005) Impact of Perceived Leadership Styles on Work Outcomes: Case of Building Professionals. Journal of Construction Engineering and Management, 131(04), 413–22.

Cheng, E W L and Li, H (2005) Analytic Network Process Applied to Project Selection. Journal of Construction Engineering and Management, 131(04), 459–66.

Ekström, M A and Björnsson, H C (2005) Valuing Flexibility in Architecture, Engineering, and Construction Information Technology Investments. Journal of Construction Engineering and Management, 131(04), 431–8.

  • Type: Journal Article
  • Keywords: Decision theory; Investments; Information technology (IT); Construction industry; Financial management;
  • ISBN/ISSN: 0733-9364
  • URL: https://doi.org/10.1061/(ASCE)0733-9364(2005)131:4(431)
  • Abstract:
    When investing in information technology (IT) applications, construction managers implicitly account for the value of adding future applications to the original investment as the business and technical environment changes. A real option model links uncertainty to the value of an underlying traded asset, providing an objective measure of this managerial flexibility. A case study that investigated the value of options to extend a general contractor’s software platform showed that it is possible to construct a real option model which measures the value of this flexibility, since the major risk (the architect’s adoption rate) is external to the investing organization. In another case study, a contractor evaluated the value of the pilot project in view of the information it is expected to generate. Since the risks are internal, a decision analysis model is used instead of a binary option model. The results show that it is possible to quantify the value of managerial flexibility for IT investments in the architecture, engineering, and construction industry, but that the proper method to use is contingent on the nature of the investment project.

El-Rayes, K and Hyari, K (2005) {[}CONLIGHT:{]} Lighting Design Model for Nighttime Highway Construction. Journal of Construction Engineering and Management, 131(04), 467–76.

El-Rayes, K and Kandil, A (2005) Time-Cost-Quality Trade-Off Analysis for Highway Construction. Journal of Construction Engineering and Management, 131(04), 477–86.

Elazouni, A M and Metwally, F G (2005) Finance-Based Scheduling: Tool to Maximize Project Profit Using Improved Genetic Algorithms. Journal of Construction Engineering and Management, 131(04), 400–12.

Gil, N, Tommelein, I D, Stout, A and Garrett, T (2005) Embodying Product and Process Flexibility to Cope with Challenging Project Deliveries. Journal of Construction Engineering and Management, 131(04), 439–48.

Hinze, J (2005) Use of Trench Boxes for Worker Protection. Journal of Construction Engineering and Management, 131(04), 494–500.

Lee, E and Ibbs, C W (2005) Computer Simulation Model: Construction Analysis for Pavement Rehabilitation Strategies. Journal of Construction Engineering and Management, 131(04), 449–58.

Liu, M and Ling, Y Y (2005) Modeling a Contractor’s Markup Estimation. Journal of Construction Engineering and Management, 131(04), 391–9.

Navon, R and Shpatnitsky, Y (2005) Field Experiments in Automated Monitoring of Road Construction. Journal of Construction Engineering and Management, 131(04), 487–93.

Zhang, J, Eastham, D L and Bernold, L E (2005) Waste-Based Management in Residential Construction. Journal of Construction Engineering and Management, 131(04), 423–30.