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Forecasting the Demand and Supply of Technicians in the Construction Industry
Publisher: American Society of Civil Engineers
Abstract: Workforce forecasting is a strategic managerial practice that construction organizations should implement to ensure a balanced workplace. The workforce forecasting systems that have been developed are either qualitative ...
Stock-Flow Model for Forecasting Labor Supply
Publisher: American Society of Civil Engineers
Abstract: Forecasting the supply of labor in the construction industry is pivotal to long-term economic growth. A labor supply model using a stock-flow approach was developed in this research for use in the construction industry. ...
Multiplier Model for Forecasting Manpower Demand
Publisher: American Society of Civil Engineers
Abstract: To better manage and forecast the demand for labor in the construction industry, a mathematical model is developed using a distributed lag model and labor multiplier approach. The model is tested using economic statistics ...
Praxis of Performance Measurement in Public-Private Partnerships: Moving beyond the Iron Triangle
Publisher: American Society of Civil Engineers
Abstract: An effective and efficient performance measurement is deemed to be pivotal for ensuring owners’ and stakeholders’ needs are being met throughout a project’s lifecycle. To determine the nature of performance measurement in ...
Estimating Construction Contingency: Accommodating the Potential for Cost Overruns in Road Construction Projects
Publisher: American Society of Civil Engineers
Abstract: The determination of a project’s cost contingency is a pervasive problem as the amount that is incorporated into an estimate is invariably insufficient to accommodate a project’s actual cost overrun. The cost overruns ...
Determining the Probability of Project Cost Overruns
Publisher: American Society of Civil Engineers
Abstract: The statistical characteristics of cost overruns experienced from contract award in 276 Australian construction and engineering projects were analyzed. The skewness and kurtosis values of the cost overruns are computed to ...
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