Abstracts – Browse Results
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Abdallah, M A A (2014) Optimizing the selection of sustainability measures for existing buildings, Unpublished PhD Thesis, , University of Illinois at Urbana-Champaign.
Abdelmohsen, A Z (2016) Optimizing the construction planning of highway work zones, Unpublished PhD Thesis, , University of Illinois at Urbana-Champaign.
Adrian, J J (1974) Modeling construction method productivity, Unpublished PhD Thesis, , University of Illinois at Urbana-Champaign.
Ahn, C (2012) An integrated framework for sustainable construction processes: Understanding and managing the environmental performance of construction operations, Unpublished PhD Thesis, , University of Illinois at Urbana-Champaign.
Assaf, S A-E (1982) A systematic approach to the selection of a risk retention level for construction insurance, Unpublished PhD Thesis, , University of Illinois at Urbana-Champaign.
Aurangzeb, Q (2014) Impact of reclaimed asphalt pavements on pavement sustainability, Unpublished PhD Thesis, , University of Illinois at Urbana-Champaign.
Barroso-Aguilar, L F (1973) An integrated modeling methodology for project-site management, Unpublished PhD Thesis, , University of Illinois at Urbana-Champaign.
Bearup, W K (1995) An environment to support computer-assisted design review, Unpublished PhD Thesis, , University of Illinois at Urbana-Champaign.
Brilakis, I (2005) Content based integration of construction site images in AEC/FM model based systems, Unpublished PhD Thesis, , University of Illinois at Urbana-Champaign.
Caldas, C H S (2003) Integration of project documents in model-based information systems, Unpublished PhD Thesis, , University of Illinois at Urbana-Champaign.
Chin, S (1997) An integrated life-cycle information framework for construction project management, Unpublished PhD Thesis, , University of Illinois at Urbana-Champaign.
Chovichien, V (1981) The discounted cost model and application to acquisition and utilization policies of construction equipment, Unpublished PhD Thesis, , University of Illinois at Urbana-Champaign.
De La Garza-Rodriguez, J M (1988) A knowledge engineering approach to the analysis and evaluation of schedules for mid-rise construction, Unpublished PhD Thesis, , University of Illinois at Urbana-Champaign.
Douglas, J C (1994) Aesthetic-based conflict in highway planning: Federal highway administration putting planners at risk, Unpublished PhD Thesis, , University of Illinois at Urbana-Champaign.
Echeverry, D (1991) Factors for generating initial construction schedules, Unpublished PhD Thesis, , University of Illinois at Urbana-Champaign.
El Anwar, O H E D (2009) Multi-objective optimization for temporary housing arrangements after natural disasters, Unpublished PhD Thesis, , University of Illinois at Urbana-Champaign.
Elghamrawy, T M (2011) Optimizing work zone practices for highway construction projects, Unpublished PhD Thesis, , University of Illinois at Urbana-Champaign.
Erikson, C A (1979) Risk sharing in construction contracts, Unpublished PhD Thesis, , University of Illinois at Urbana-Champaign.
Farid, F (1981) Fair and reasonable markup (FaRM) pricing model: A present value approach to pricing of construction contracts, Unpublished PhD Thesis, , University of Illinois at Urbana-Champaign.
Gatton, T M (1991) Designing for construction automation: Advanced automation technologies for computer integrated construction, Unpublished PhD Thesis, , University of Illinois at Urbana-Champaign.
Grimes, G A (2004) Recovering capital expenditures: The railroad industry paradox, Unpublished PhD Thesis, , University of Illinois at Urbana-Champaign.
Grobler, F (1988) Object-oriented data representation for unified construction project information, Unpublished PhD Thesis, , University of Illinois at Urbana-Champaign.
Hajibabai, L (2014) Scheduling and routing of service trucks and planning of resource replenishment locations for winter roadway maintenance, Unpublished PhD Thesis, , University of Illinois at Urbana-Champaign.
Halpin, D W (1973) An investigation of the use of simulation networks for modeling construction operations, Unpublished PhD Thesis, , University of Illinois at Urbana-Champaign.
Ham, Y (2015) Vision-based building energy diagnostics and retrofit analysis using 3D thermography and building information modeling, Unpublished PhD Thesis, , University of Illinois at Urbana-Champaign.
Han, S (2013) Automated monitoring and systemic analysis of workers' safety behavior in construction operations, Unpublished PhD Thesis, , University of Illinois at Urbana-Champaign.
Harris, J R (1980) Organization of building standards: Systematic techniques for scope and arrangement, Unpublished PhD Thesis, , University of Illinois at Urbana-Champaign.
Hassan, A A A (2019) Risk management of repetitive construction projects, Unpublished PhD Thesis, , University of Illinois at Urbana-Champaign.
Hassanein, M A A G (1990) Mechanisms for transfer of price risk of construction materials, Unpublished PhD Thesis, , University of Illinois at Urbana-Champaign.
- Type: Thesis
- Keywords: market; markets; pricing; standardization; owner; supplier
- ISBN/ISSN:
- URL: https://www.proquest.com/docview/303854843
- Abstract:
Depending on the contractual arrangement, fluctuations in materials prices expose different parties involved in a construction contract to various degrees of risk. In general, owners and/or contractors face the risk of losses when the prices of materials move upwards. Suppliers, on the other hand, face the risk of losses when the prices of materials move downwards. This study addresses this risk, taking all parties into consideration. It presents a mechanism for transferring this risk through the use of futures markets. By trading futures on construction materials; owners, contractors and suppliers may be better off when hedged against price fluctuations. They may also benefit from the positive aspects of futures trading, since this should provide a more competitive construction materials industry, and an efficient medium of disseminating valuable price information in a timely manner and at a relatively cheap cost. In order to implement the strategy of hedging the materials price risk through the use of futures contracts, construction materials must exhibit certain qualities in order to qualify for successful futures trading. A survey of these factors is presented. This is followed by an analysis of the steel industry as the viability of steel as a candidate for futures trading is investigated. Different aspects of the steel industry were considered, including: supply and demand, pricing, industry structure, steel products standardization and market sizes. The investigation demonstrated that steel conforms with the characteristics deemed necessary for futures trading and, therefore, may be considered a successful candidate. Possibilities of other construction materials as candidates for futures trading are also investigated. The preliminary analysis demonstrates that cement is also a viable candidate, since it meets the qualities regarded as necessary for successful futures trading. Further investigation is, however, required to confirm the preliminary results. The gypsum industry is quite concentrated and the size of the brick market is relatively small, therefore, the success of both gypsum board and brick as stand-alone commodities in futures trading is questionable. However, since both materials are energy intensive, and are therefore affected by the fluctuations in energy prices, the use of an energy futures contract as an alternative hedge for both materials is suggested. The use of sophisticated financial instruments such as futures, options and options on the futures to hedge financial risks may be very beneficial to the construction industry. In order for this industry to be competitive, both nationally and internationally, further research is recommended to explore possibilities for the use of modern financial instruments to hedge construction risk in a manner that will reduce overall costs to the parties involved.
Ho, S-P (2001) Real options and game theoretic valuation, financing and tendering for investments on build-operate-transfer projects, Unpublished PhD Thesis, , University of Illinois at Urbana-Champaign.
Huang, P-D (1988) Impact of CADD technology on the architectural community, Unpublished PhD Thesis, , University of Illinois at Urbana-Champaign.
Hwang, S Y (2007) Proactive planning and control of construction productivity and cost using time series data, Unpublished PhD Thesis, , University of Illinois at Urbana-Champaign.
Jun, D H (2010) Multi-objective optimization for resource driven scheduling in construction projects, Unpublished PhD Thesis, , University of Illinois at Urbana-Champaign.
Kandil, A A (2005) Multi-objective optimization for large-scale highway construction projects, Unpublished PhD Thesis, , University of Illinois at Urbana-Champaign.
Kang, Y-J (2000) Minimum life-cycle cost structural design against natural hazards, Unpublished PhD Thesis, , University of Illinois at Urbana-Champaign.
Karshenas, S (1981) Probabilistic evaluation of safety of buildings during construction, Unpublished PhD Thesis, , University of Illinois at Urbana-Champaign.
Kauffold, P V (1977) Critical resource allocation in stochastic project networks, Unpublished PhD Thesis, , University of Illinois at Urbana-Champaign.
Khalafallah, A M (2006) Optimal construction site layout planning for airport expansion projects, Unpublished PhD Thesis, , University of Illinois at Urbana-Champaign.
Kim, C-S (2002) An information model for real-time project cost integration, Unpublished PhD Thesis, , University of Illinois at Urbana-Champaign.
Kim, H (2002) Knowledge discovery and machine learning in construction project databases, Unpublished PhD Thesis, , University of Illinois at Urbana-Champaign.
Kuipers, E J (1976) A method of forecasting the efficiency of construction labor in any climatological conditions, Unpublished PhD Thesis, , University of Illinois at Urbana-Champaign.
Lee, J S (2005) Developing spatio-temporal models for retrofit and reconstruction strategy under unscheduled events, Unpublished PhD Thesis, , University of Illinois at Urbana-Champaign.
Lin, K-Y (2005) Knowledge-assisted retrieval of online product information in A/E/C (architecture/engineering/construction), Unpublished PhD Thesis, , University of Illinois at Urbana-Champaign.
Lucenti, M J, Jr. (1999) Flexible computer support for collaboration in civil infrastructure management, Unpublished PhD Thesis, , University of Illinois at Urbana-Champaign.
Menassa, C C (2009) Quantitative framework to evaluate alternative dispute resolution investments in architecture engineering and construction projects using option and real option theory, Unpublished PhD Thesis, , University of Illinois at Urbana-Champaign.
Nakajima, T (1972) Modeling and optimization of the building process for systems building, Unpublished PhD Thesis, , University of Illinois at Urbana-Champaign.
Ng, H S M N (2006) Dynamic decision support for contingency management and allocation for construction projects, Unpublished PhD Thesis, , University of Illinois at Urbana-Champaign.
Niss, J F (1965) Custom production, theory and practice: With special emphasis on the goals and pricing procedures of the contract construction industry, Unpublished PhD Thesis, , University of Illinois at Urbana-Champaign.
Nunlee, M P (2002) Reputation as a control mechanism for opportunistic behavior in supply chains, Unpublished PhD Thesis, , University of Illinois at Urbana-Champaign.
O'Shaughnessy, R D (1992) Criteria civil engineers use in deciding whether or not to participate in non-credit continuing engineering education programs, Unpublished PhD Thesis, , University of Illinois at Urbana-Champaign.
Odeh, I S M (2010) Evaluation of glare and lighting performance in nighttime highway construction projects, Unpublished PhD Thesis, , University of Illinois at Urbana-Champaign.
Ojode, L A (2000) A resource -based view of strategic alliances: Organizational capabilities, governance, and performance, Unpublished PhD Thesis, , University of Illinois at Urbana-Champaign.
Orabi, W (2010) Optimizing highway reconstruction and rehabilitation projects, Unpublished PhD Thesis, , University of Illinois at Urbana-Champaign.
Patel, A J (1996) Development of fatigue based pay adjustment factors in performance-related specifications for full-depth asphalt concrete pavements, Unpublished PhD Thesis, , University of Illinois at Urbana-Champaign.
Pocock, J B (1996) The relationship between alternative project approaches, integration, and performance, Unpublished PhD Thesis, , University of Illinois at Urbana-Champaign.
Rao, G N (1997) Cost risk assessment in environmental remediation: Towards a causal-chain approach, Unpublished PhD Thesis, , University of Illinois at Urbana-Champaign.
Rehak, D R (1981) Computer aided engineering problems and prospects, Unpublished PhD Thesis, , University of Illinois at Urbana-Champaign.
Richards, J L (1973) An integrated approach to construction management, Unpublished PhD Thesis, , University of Illinois at Urbana-Champaign.
Said, H M M (2010) Optimizing site layout and material logistics planning during the construction of critical infrastructure projects, Unpublished PhD Thesis, , University of Illinois at Urbana-Champaign.
Sarikas, R H (1981) Regulatory and financial aspects of the utility industry rate treatment of construction work in progress, Unpublished PhD Thesis, , University of Illinois at Urbana-Champaign.
Steiger, T L (1988) Working construction: Organization and control of the labor process, Unpublished PhD Thesis, , University of Illinois at Urbana-Champaign.
Su, Y-Y (2010) Construction crew productivity monitoring supported by location awareness technologies, Unpublished PhD Thesis, , University of Illinois at Urbana-Champaign.
Wang, H-H (2010) A context-based representation and reasoning formalism to support construction safety planning, Unpublished PhD Thesis, , University of Illinois at Urbana-Champaign.
Yau, N-J (1992) An object-oriented project model for integrating building design, construction scheduling, and cost estimating for mid-rise construction, Unpublished PhD Thesis, , University of Illinois at Urbana-Champaign.
Zhang, J (2015) Automated code compliance checking in the construction domain using semantic natural language processing and logic-based reasoning, Unpublished PhD Thesis, , University of Illinois at Urbana-Champaign.