The state of applications of quantitative analysis techniques to construction economics and management (1983 to 2006)

Hua, G B (2008) The state of applications of quantitative analysis techniques to construction economics and management (1983 to 2006). Construction Management and Economics, 26(5), pp. 485-497. ISSN 1466433X

Abstract

With increasing complexity of construction industry problems, researchers are experimenting with computationally rigorous techniques with the aim of seeking innovative solutions. In order to trace the applications of quantitative analysis techniques to research in the two fields of construction economics and construction management for both conventional and AI techniques, the methodology involves compiling all the relevant papers from the top two ranking construction management journals, namely, Construction Management and Economics and ASCE's Journal of Construction Engineering and Management. The period is from 1983 to 2006. The compiled papers are classified by field, area (or topic), technique applied and year of publication to enable time series and cross-sectional analyses of the data. Mainly, the results are depicted as trends when the patterns of distribution of the papers are plotted over time. The three findings are: (1) for construction economics, the overall increasing trend is higher for papers that have applied conventional techniques; (2) for construction management, there is a clear positive trend for papers that have applied AI techniques which starts from 1995; and (3) the areas (or topics) of construction management that have increasingly higher growth in the application of AI techniques are optimization of site operations and optimization of project time, cost and resources allocation. Two broad recommendations are made that relate to advancing the fields of construction economics and construction management with the view that researchers must better enable themselves to build tools that incorporate intelligence as innovative solutions for increasingly complex problems.

Item Type: Article
Uncontrolled Keywords: artificial intelligence; bibliometrics; construction economics; construction management; quantitative analysis technique; statistical method
Index terms: methodology, construction economics, bibliometrics, quantitative analysis, complexity, publication, time series, journal, construction engineering, site operation, statistical method, construction industry, artificial intelligence
Subjects: research methods, engineering methods, financial analysis, systems engineering, statistical analysis, industry analysis, research evaluation and metrics, research dissemination and communication, artificial intelligence, data science, data analysis and analytics, operations management
Topics: Information Management, Engineering Principles, Research Practice, Cost Management, Site Management, Digital Applications
Descriptive scope: 4 PCTA

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