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Ameen, J R M, Neale, R H and Abrahamson, M (2003) An application of regression analysis to quality a claim for increased costs. Construction Management and Economics, 21(02), 156-65.

Arditi, D and Lee, D-E (2003) Assessing the corporate service quality performance of design build contractors using quality function deployment. Construction Management and Economics, 21(02), 175-85.

Dainty, A R J, Cheng, M-I and Moore, D R (2003) Redefining performance measures for construction project managers: an empirical evaluation. Construction Management and Economics, 21(02), 209-18.

Ekstrom, M A, Bjornsson, H C and Nass, C I (2003) Accounting for rater credibility when evaluating AEC subcontractors. Construction Management and Economics, 21(02), 197-208.

Fox, S (2003) A matrix to indicate the utility of technologies. Construction Management and Economics, 21(02), 187-96.

Liu, A M-M (2003) The quest for quality in public housing projects: a behaviour to outcome paradigm. Construction Management and Economics, 21(02), 147-58.

Myers, D (2003) The future of construction economics as an academic discipline. Construction Management and Economics, 21(02), 103-6.

Ofori, G (2003) Preparing Singapore's construction industry for the knowledge-based economy: practices, procedures and performance. Construction Management and Economics, 21(02), 113-25.

Picken, D H and Ilozor, B D (2003) Height and construction costs of building in Hong Kong. Construction Management and Economics, 21(02), 107-11.

Rooke, J D, Seymour, D E and Fellows, R F (2003) The claims culture: a taxonomy of attitudes in the industry. Construction Management and Economics, 21(02), 167-74.

Roy, R, Brown, J and Gaze, C (2003) Re-engineering the construction process in the speculative house building sector. Construction Management and Economics, 21(02), 137-46.

Shohet, I M, Lavy-Leibovich, S and Bar-On, D (2003) Integrated maintenance monitoring of hospital buildings. Construction Management and Economics, 21(02), 219-29.

Tang, Y H and Ogunlana, S O (2003) Modelling the dynamic performance of a construction organization. Construction Management and Economics, 21(02), 127-36.

  • Type: Journal Article
  • Keywords: construction company; performance modelling; system dynamics; Malaysia
  • ISBN/ISSN: 0144-6193
  • URL: https://doi.org/10.1080/0144619032000079699
  • Abstract:

    The Asian financial crisis has adversely affected many of the domestic construction organizations in Malaysia, bringing some organizations to the brink of insolvency. It demonstrates that a construction organization’s performance is sensitive to the prevailing economic conditions. This paper seeks to model the dynamic performance of a publicly listed construction organization in Malaysia. First, a diagrammatic model consisting of two interconnected causal loop diagrams is developed to represent the organization’s capacity and its financial balance sheet. The diagrams provide a clearer understanding of the interactions between the country’s construction market and the organization’s financial, technical and managerial capabilities. Next, the causal loop diagrams are converted into a mathematical model using specialized software. Simulation results from the model are validated against historical time series data. Graphical plots of the simulation model and results from sensitivity analysis indicate that the model is capable of replicating the general behaviour of the organization.