Tang, Y H and Ogunlana, S O (2003) Selecting superior performance improvement policies. Construction Management and Economics, 21(3), pp. 247-256. ISSN 01446193
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.
| Item Type: | Article |
|---|---|
| Uncontrolled Keywords: | construction company; Malaysia; performance evaluation; system dynamics |
| Index terms: | construction industry, implementation, performance improvement, organizational performance, competitiveness, domestic construction, Malaysia, construction organization, construction sector, performance evaluation, system dynamics, methodology, construction company, manager |
| Subjects: | industry analysis, market analysis, Geography, research methods, performance measurement, contractual arrangements, computing systems, practitioner, organization, construction type |
| Topics: | Procurement, Construction Technology, Roles and Professions, Research Practice, Geographical Context, Business Strategy, Quality Management, Digital Applications |
| Descriptive scope: | 3 PCT |
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