Kaka, A P (1996) Decision support system for plant-hirers' financial strategies. Journal of Financial Management of Property and Construction, 1(1), pp. 21-36. ISSN 1366-4387
Abstract
A strategy evaluation and financial planning computer model for plant-hire activities is presented in this paper. This model adopts a stochastic simulation approach, in order to produce a detailed financial statement requiring minimum data entry. Individual plant is generated, simulated and integrated using implicit data entry. This enabled the evaluation of the dynamic mechanisms associated with plant-hire activities. Several assumptions were made during the design of the model, and a s aresult, a case study was required to verify the output. A plant-hire subsidiary of a large construction group participated in the verification process, and the model was confirmed to be a good alternative to current procedures.
| Item Type: | Article |
|---|---|
| Uncontrolled Keywords: | plant-hire, financial budgeting, decision making, computer simulation, cash flow |
| Index terms: | financial planning, case study, decision support, computer simulation, budgeting, strategy, decision-making, financial strategy, cash flow |
| Subjects: | financial and cost management, data collection methods, financial management, modelling and simulation, decision analysis, management |
| Topics: | Digital Applications, Research Practice, Cost Management, Risk Management, Business Strategy |
| Descriptive scope: | 4 PCEA |
N.B. Descriptive scope is a count of how many of the five facets of empirical research are indicated by the words used in title, abstract and keywords. It is not intended as a judgement on the research; merely a count of the kind of word we would expect to indicate Phenomenon, Concepts, Theoretical framing, Empirical techniques, Analytical techniques. If all five are present, then a code of “5 PCTEA” will indicate this. If you feel the coding for this record is questionable, we welcome discussion around the terms we matched or the way we categorized them. The facet you would expect may not be coded, or a facet may be coded inappropriately. This can also bear on a larger question, of which facets should be treated as defining in construction management research. Please get in touch, and we will look at it. More details here