Wang, Y S and Chau, K W (1997) An evaluation of the efficiency of construction industry in Hong Kong using the DEA approach. In: Stephenson, P (ed.) Proceedings of 13th Annual ARCOM Conference, 15-17 September 1997, Cambridge, UK.
Abstract
The construction industry of Hong Kong has been undergoing a fast development since 1970's. This paper evaluates the efficiency of the industry using DEA (data envelopment analysis) approach based on the statistical data during the period of 1981 to 1994. DEA is a mathematical programming technique belonging to nonparametric approaches that have been applied to measure the efficiency of decision making units (DMUs) like firms, enterprises as well as industries in which outputs are produced. The results indicate that the efficiency of the construction industry was improving although the rate of productivity growth varies over different sub-periods. The reasons for differential growth in the efficiency of the construction industry is analysed. The technical efficiency ratios of the sub-trade groups in the industry are also evaluated. The authors have attempted to explain the sources of efficiency growth over time and variations in the efficiency ratios across different trade groups.
| Item Type: | Conference Paper (Paper) |
|---|---|
| Uncontrolled Keywords: | construction industry; DEA approach; efficiency; Hong Kong |
| Index terms: | mathematical programming, decision-making, variation, construction industry, data envelopment analysis, Hong Kong, efficiency, productivity |
| Subjects: | data analysis and analytics, decision analysis, industry analysis, management, performance management, algorithms, contractual condition, Geography |
| Topics: | Business Strategy, Research Practice, Geographical Context, Risk Management, Digital Applications, Quality Management, Contract Administration |
| Descriptive scope: | 4 PCTA |
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