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Al-Sobiei, O S, Arditi, D and Polat, G (2005) Predicting the risk of contractor default in Saudi Arabia utilizing artificial neural network (ANN) and genetic algorithm (GA) techniques. Construction Management and Economics, 23(04), 423-30.

Couto, J P and Teixeira, J C (2005) Using linear model for learning curve effect on highrise floor construction. Construction Management and Economics, 23(04), 355-64.

Dainty, A R J, Ison, S G and Briscoe, G H (2005) The construction labour market skills crisis: the perspective of small-medium-sized firms. Construction Management and Economics, 23(04), 387-98.

Hassanein, A and Moselhi, O (2005) Accelerating linear projects. Construction Management and Economics, 23(04), 377-85.

Liu, S L, Wang, S Y and Lai, K K (2005) A general multivariate analysis approach for determining bid mark-up strategy. Construction Management and Economics, 23(04), 347-53.

Min, W and Pheng, L S (2005) Economic order quantity (EOQ) versus just-in-time (JIT) purchasing: an alternative analysis in the ready-mixed concrete industry. Construction Management and Economics, 23(04), 409-22.

  • Type: Journal Article
  • Keywords: break-even point; cost indifference point; EOQ; holding capacity; inventory facility; JIT
  • ISBN/ISSN: 0144-6193
  • URL: https://doi.org/10.1080/01446190500041339
  • Abstract:

    The literature on the use of just‐in‐time (JIT) and economic order quantity (EOQ) purchasing has increasingly favoured JIT in recent years, especially when firms are purchasing to meet high and consistent levels of demand, and the JIT operation can take advantage of inventory physical plant space reduction. The theoretical advantages of JIT purchasing may have been overstated. Two new concepts are developed to underpin the idea that, even if the JIT approach can induce inventory physical plant space reduction, it is possible for EOQ to be more cost effective, as the inventory demand approaches the break‐even point between the function of the annual holding capacity of an inventory facility and the function of the EOQ–JIT cost indifference point. The survey and case study conducted in the ready‐mixed concrete industry in Singapore support this proposition.

Ndekugri, I and Russell, V (2005) Insolvency and resolution of construction contract disputes by adjudication in the UK construction industry. Construction Management and Economics, 23(04), 399-408.

Rahman, M M and Kumaraswamy, M M (2005) Assembling integrated project teams for joint risk management. Construction Management and Economics, 23(04), 365-75.

Xenidis, Y and Angelides, D (2005) The financial risks in build-operate-transfer projects. Construction Management and Economics, 23(04), 431-41.