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Demian, P and Walters, D (2014) The advantages of information management through building information modelling. Construction Management and Economics, 32(12), 1153-65.

Jiang, H and Liu, C (2014) A panel vector error correction approach to forecasting demand in regional construction markets. Construction Management and Economics, 32(12), 1205-21.

Lavy, S, Garcia, J A, Scinto, P and Dixit, M K (2014) Key performance indicators for facility performance assessment: simulation of core indicators. Construction Management and Economics, 32(12), 1183-204.

  • Type: Journal Article
  • Keywords:
  • ISBN/ISSN: 0144-6193
  • URL: https://doi.org/10.1080/01446193.2014.970208
  • Abstract:
    Assessing a facility's performance is important for measuring its contribution towards organizational goals. Among many approaches to performance assessment is the holistic key performance indicator (KPI) approach. However, there are numerous KPIs available, and the chosen KPI needs to be relevant to facility goals and must be calculated, analysed and evaluated to allow for the future state of the facility to be acceptable at the lowest cost. The value of several key descriptive analytics in facility performance assessment may be enhanced through the use of simulation. Simulation transforms the descriptive analytics into predictive and prescriptive analytics by allowing for the robust assessment of plans and future outcomes through the creation of multiple scenarios, in this case, for an education facility. The simulation approach quantifies the interrelationship and interdependence of KPIs, and is potentially effective in analysing how maintenance expenditures can be optimized to maintain a desired level of Condition Index as demonstrated by several simulation scenarios.

Naderpajouh, N and Hastak, M (2014) Quantitative analysis of policies for governance of emergent dynamics in complex construction projects. Construction Management and Economics, 32(12), 1222-37.

Storvang, P and Clarke, A H (2014) How to create a space for stakeholders’ involvement in construction. Construction Management and Economics, 32(12), 1166-82.