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Andi and Minato, T (2003) Representing casual mechanism of defective designs: a system approach considering human errors. Construction Management and Economics, 21(03), 297-305.
Dulaimi, M F, Ling, F Y Y and Bajracharya, A (2003) Organizational motivation and inter-organizational interaction in construction innovation in Singapore. Construction Management and Economics, 21(03), 307-18.
El-Haram, M A and Horner, R M W (2003) Application of the principles of ILS to the development of cost effective maintenance strategies for existing building stock. Construction Management and Economics, 21(03), 283-96.
Nicholas, J and Edwards, D J (2003) A model to evaluate materials suppliers' and contractors' business interations. Construction Management and Economics, 21(03), 237-45.
Piertroforte, R and Gregori, T (2003) An input-output analysis of the construction sector in highly developed economies. Construction Management and Economics, 21(03), 319-27.
Pongpeng, J and Liston, J (2003) Contractor ability criteria: a view from the Thai construction industry. Construction Management and Economics, 21(03), 267-82.
Tam, C M and Tong, T K L (2003) GA-ANN model for optimizing the locations of tower crane and supply points for high-rise public housing construction. Construction Management and Economics, 21(03), 257-66.
Tang, Y H (2003) Selecting superior performance improvement policies. Construction Management and Economics, 21(03), 247-56.
- Type: Journal Article
- Keywords: construction company; performance evaluation; system dynamics; Malaysia
- ISBN/ISSN: 0144-6193
- URL: https://doi.org/10.1080/0144619032000093765
- Abstract:
The changing trends in the Asian construction sector are creating both new opportunities for and threats to the domestic construction organizations. To improve the competitiveness of these organizations, senior managers are tasked with the responsibility of selecting and implementing improvement policies to enhance organizational performance. This study utilizes the system dynamics methodology to provide a careful and holistic evaluation of the policies. A model is built to represent an average performing construction organization listed on the Kuala Lumpur Stock Exchange. Long-term simulation of the validated model produces the forecasted organization performance. Three improvement policies recommended by CIDB (2000) that have different cost and benefit impact profiles are selected for evaluation. Taking into consideration the impact of the economy on the construction industry, simulated results of the policies and combination of the policies indicate that the implementation of short-term improvement policies produces superior improvement in organization performance when compared with other policies.