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Briggs, B (2021) An improved earned value management method integrating quality and safety, Unpublished PhD Thesis, , Louisiana State University and Agricultural & Mechanical College.

Chokwitthaya, C (2020) A framework for augmenting building performance models using machine learning and immersive virtual environment, Unpublished PhD Thesis, , Louisiana State University and Agricultural & Mechanical College.

Delatte, G (2014) The effects of three dimensional modeling on labor productivity through enhancing visualization of craft workers in the industrial construction industry, Unpublished PhD Thesis, , Louisiana State University and Agricultural & Mechanical College.

Dunlap, C D (2012) A safety elements model for the building construction industry, Unpublished PhD Thesis, , Louisiana State University and Agricultural & Mechanical College.

Ittmann, J T (2020) Liability of the structural engineer: Establishing, quantifying, and managing risks, Unpublished PhD Thesis, , Louisiana State University and Agricultural & Mechanical College.

Jadallah, H (2021) Educational theory-embedded training for construction industry professionals, Unpublished PhD Thesis, , Louisiana State University and Agricultural & Mechanical College.

Joukar, A (2016) Analysis and management of the price volatility in the construction industry, Unpublished PhD Thesis, , Louisiana State University and Agricultural & Mechanical College.

  • Type: Thesis
  • Keywords: accuracy; cost overrun; duration; construction cost; forecasting; inflation; integrated project delivery; project delivery; risk management; cost index; risk analysis; analytic hierarchy process; construction project; interview
  • ISBN/ISSN:
  • URL: https://www.proquest.com/docview/2675221903
  • Abstract:
    The problem of price volatility as it pertains to material and labor is a major source of risk and financial distress for all the participants in the construction industry. The overarching goal of this dissertation is to address this problem from both viewpoints of risk analysis and risk management. This dissertation offers three independent papers addressing this goal.In the first paper using the Engineering News Record Construction Cost Index (ENR CCI), a predictive model is developed. The model uses General Autoregressive Conditional Heteroscedastic (GARCH) approach which facilitates both forecasting of the future values of the CCI, and capturing and quantifying its volatilities as a separate measure of risk through the passage of time. GARCH (1,1) was recognized as the best model. The maximum volatility was observed in October 2008 and results showed persistent volatility of the CCI in the case of external economic shocks.In the second paper using the same cost index (ENR CCI), the methodology of the first paper is integrated with Value at Risk concept to cautiously estimate the escalation factor in both short and long-term construction projects for avoiding cost overrun due to price volatilities and inflation. Proposed methodology was also applied to two construction projects in which the estimated escalation factors revealed satisfactory performances in terms of accuracy and reliability.Finally, the third paper addresses the price volatility from the view of risk management. It entails two objectives of identifying and ranking of potential management strategies. The former is achieved via in-depth literature review and questionnaire interviews with industry experts. The latter is done using Analytic Hierarchy Process (AHP). Quantitative risk management methods, alike those offered in foregoing papers are considered as one of the candidates in dealing with the price volatility risk. Cost, risk allocation and duration were perceived as the most significant criteria (project indicators) in construction projects. Also, Integrated Project Delivery (IPD) with respect to project duration; quantitative risk management methods with respect to the cost; and Price Adjustment Clauses (PAC) with respect to the risk allocation, were recognized as the top strategies to manage the risk of price volatilities.

Kereri, J O (2020) The effects of relational and social behaviors exhibited by construction project team members on relationship quality and project outcomes, Unpublished PhD Thesis, , Louisiana State University and Agricultural & Mechanical College.

Mojahed, S (2005) A project improvement system for effective management of construction projects, Unpublished PhD Thesis, , Louisiana State University and Agricultural & Mechanical College.

Monko, R J (2015) Interorganizational collaboration and systemic change framework for building information modeling (BIM) adoption, Unpublished PhD Thesis, , Louisiana State University and Agricultural & Mechanical College.

Nimbarte, A D (2009) Modeling the risk factors associated with the neck disorders during manual material handling tasks, Unpublished PhD Thesis, , Louisiana State University and Agricultural & Mechanical College.

Orooji, F (2015) Risk-based wind loss and mitigation for residential wood framed construction, Unpublished PhD Thesis, , Louisiana State University and Agricultural & Mechanical College.

Payne, A S (2021) Impact of personality traits and team criteria on construction team performance, Unpublished PhD Thesis, , Louisiana State University and Agricultural & Mechanical College.

Pecquet, C F (2013) Measuring safety climate as an indicator of effective safety and health programs in the construction industry, Unpublished PhD Thesis, , Louisiana State University and Agricultural & Mechanical College.

Rogers, B W (2010) It's not just about the buildings, it's about the people: Architecture practice, and preservation in post-Katrina New Orleans, Unpublished PhD Thesis, , Louisiana State University and Agricultural & Mechanical College.

Trahan, G N, Jr. (2009) A comparison of the effectiveness of two alternative instructional strategies for teaching basic construction surveying concepts, Unpublished PhD Thesis, , Louisiana State University and Agricultural & Mechanical College.

Weldu, Y W (2016) Automated generation and visualization of initial construction schedules from building information models, Unpublished PhD Thesis, , Louisiana State University and Agricultural & Mechanical College.

White, J A (1964) Determination of income and financial reporting for long-term construction-type contracts, Unpublished PhD Thesis, , Louisiana State University and Agricultural & Mechanical College.