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Alkass, S, Mazerolle, M and Harris, F C (1996) Construction delay analysis techniques. Construction Management and Economics, 14(05), 375-94.

Boussabaine, A H (1996) The use of artificial neural networks in construction management: a review. Construction Management and Economics, 14(05), 427-36.

Bowen, P A and Edwards, P J (1996) Interpersonal communication in cost planning during the building design phase. Construction Management and Economics, 14(05), 395-404.

Druker, J, White, G, Hegewisch, A and Mayne, L (1996) Between hard and soft HRM: human resource management in the construction industry. Construction Management and Economics, 14(05), 405-16.

Fellows, R F (1996) Note: Monte Carlo simulation of construction costs using subjective data: comment. Construction Management and Economics, 14(05), 457-60.

  • Type: Journal Article
  • Keywords: bias; cost forecasting; Monte Carlo simulation; risk
  • ISBN/ISSN: 0144-6193
  • URL: https://doi.org/10.1080/014461996373322
  • Abstract:

    This note supplements papers by Chau in an attempt to further the consideration of risk measures in forecasts of construction project costs. The note reviews the application of PERT-based aspects of analysis and simple portfolio theory. Consideration is given to subjective factors in cost forecasting which arise from the natures and experiences of the forecasters as well as pressures to which they (may) feel subjected. Alternative measures of risk exposure are examined and supplementary analyses of the data contained in Chau’s paper are reported. Although the log-triangular distribution is confirmed as a superior means of measuring risk, the observed risk measures still exceed those calculated.

Gann, D M (1996) Construction as a manufacturing process? Similarities and differences between industrialized housing and car production in Japan. Construction Management and Economics, 14(05), 437-50.

Gori, E (1996) Note - Portfolio selection of capital investment projects in the Durban Metropolitan Region. Construction Management and Economics, 14(05), 451-6.

Zakeri, M, Olomolaiye, P O, Holt, G D and Harris, F C (1996) A survey of constraints on Iranian construction operatives' productivity. Construction Management and Economics, 14(05), 417-25.