DEVELOPMENT AND USEFULNESS OF PLANNING TECHNIQUES AND DECISION‐MAKING FOUNDATIONS ON THE EXAMPLE OF CONSTRUCTION ENTERPRISES IN POLAND / PLANAVIMO METODAI IR SPRENDIMŲ PRIĖMIMO PAGRINDAI LENKIJOS STATYBOS ĮMONĖSE: NAUDINGUMAS IR TOBULINIMAS

2008 ◽  
Vol 14 (4) ◽  
pp. 492-502 ◽  
Author(s):  
Oleg Kapliński
Keyword(s):  
Decision Making ◽  
Construction Sector ◽  
Planning Techniques ◽  
Construction Company ◽  
Construction Enterprises ◽  
Construction Companies ◽  
Type Size

Three groups of planning techniques and foundations for decision‐making techniques have been identified. Their development tendencies have been indicated, as well as degree of practical usage by Polish construction companies. Two periods: the years 1990 and 2005 have been compared. Data and numbers have been obtained mainly by questionnaires and personal contacts. A relationship between the degree of utilisation of the discussed techniques and the type, size, and legal ownership of a construction company has not been found, in spite of current prosperity trends in the construction sector. A discrepancy between the evaluation of the degree of attractiveness of techniques and methods from the viewpoint of academics and building company managers has been pointed out. Santrauka Identifikuotos trys planavimo metodų ir sprendimų priėmimo pagrindų grupės. Nustatytos jų tobulinimo kryptys ir praktinis pritaikymas Lenkijos statybos įmonėse. Palyginti du periodai – 1990 ir 2005 metai. Duomenys surinkti organizuojant apklausas ir naudojantis asmeniniais kontaktais. Nenustatytas ryšys tarp minėtų priemonių naudojimo intensyvumo ir įmonių tipo, dydžio bei teisinio statuso nepaisant dabartinio statybų verslo klestėjimo. Pastebėtas akademinės visuomenės ir statybos kompanijų vadovų nuomonių nesutapimas planavimo priemonių naudojimo ir patrauklumo klausimais.

scholarly journals From the Research on Risk Management in Polish Construction Enterprises

2019 ◽  
Vol 262 ◽  
pp. 07009 ◽  
Author(s):  
Józef Myrczek ◽  
Piotr Tworek
Keyword(s):  
Construction Industry ◽  
Synthetic Approach ◽  
Construction Sector ◽  
Construction Enterprises ◽  
Construction Companies ◽  
Financing Risk ◽  
Potential Risks ◽  
The Subject ◽  
Managing Risk ◽  
Almost All

A variety of insurance options are used when managing risk in the construction industry. Numerous insurers operating on the Polish market provide suitable types of insurance, thus allowing participants of a construction process to obtain a comprehensive cover against almost all potential risks. Therefore, ‘all-risks’ types of insurance is of particular importance in case of construction and assembly activities. In addition to this instrument, the paper also deals with other forms of insurance used in the construction sector in Poland, which apply to various aspects of activities conducted by actors involved a construction project. This is the main topic of the paper, which also outlines the theory on the subject as well as providing the results of empirical research carried out in this area and emphasizing the practical applicability of the discussions. Consequently, the key aim of the paper is to present the issues related to insurance in the construction industry as a method of financing risk in operations of construction companies. The paper adopts a synthetic approach to these issues. The paper also reviews the related scholarly literature.

scholarly journals Modeling optimal solutions with the use of heat technologies based on graph theory

2018 ◽  
Vol 193 ◽  
pp. 03002 ◽  
Author(s):  
Natalya Trukhina ◽  
Ella Okolelova
Keyword(s):  
Graph Theory ◽  
Energy Saving ◽  
Minimum Cost ◽  
Optimal Solutions ◽  
Graphical Modeling ◽  
Construction Company ◽  
Construction Enterprises ◽  
Construction Companies ◽  
Improved Performance ◽  
Main Factor

The article describes the types of energy efficient technologies focused on energy saving. The presented technologies have significantly improved performance, while the disadvantage is high cost, which is the main factor preventing the introduction of energy saving technologies in construction. In this regard, solve the problem of optimizing the choice of the possible heat saving technologies of construction enterprises based on their financial and production capabilities based on graph theory. As a result, identify the technology yielding the greatest effect at minimum cost. The decision process is formalized as a graphical structure. In this case, the problem of finding the optimal solutions solved in graph theory. Graphical modeling of the structure of relations allows to visualize and organize variants of the consistent use of energy-saving technologies construction companies. On the basis of the construction of adjacency matrices organization of construction production is planned based on the use of energy-saving technologies determines the best combination of the ability of the construction company and the effectiveness to the execution of the technology.

Decision-making support model for reusable construction materials in multiple project management

2009 ◽  
Vol 36 (2) ◽  
pp. 304-319 ◽  
Author(s):  
Juyeoun Han ◽  
Kyungrai Kim ◽  
Sangyoon Chin ◽  
Dongwoo Shin
Keyword(s):  
Decision Making ◽  
Project Management ◽  
Economic Analysis ◽  
Construction Materials ◽  
Decision Making Process ◽  
Head Office ◽  
Construction Company ◽  
Construction Companies ◽  
Procurement System ◽  
Multiple Project Management

Although reusable materials in a construction project need to be specifically managed by the head office of the construction company for proper retrieval and reuse, they are not efficiently managed. In many cases, construction companies treat reusable materials no differently from non-reusable materials. To manage reusable materials for effective and efficient procurement, the current procurement system needs to be improved based on the records of usage from multiple projects monitored and managed by the head office of the construction company. The objective of this paper is to discern and analyze the problems of the procurement process of reusable materials for current multiple projects by following case studies of three construction companies against this background. Based on the analysis, this paper emphasizes the need to implement systems for reusable materials procurement requests, outgoing materials quantity forecasts, and economic analysis for vehicle distribution, as well as the need to expand applicable uses of a resource pool. A model is also proposed to support the decision-making process in the procurement of reusable materials.

scholarly journals KEY AUDIT MATTERS PRACTICES IN CONSTRUCTION SECTOR: EVIDENCE OF MALAYSIAN MARKET

2020 ◽  
Vol 37 (01) ◽  
Author(s):  
UMMI JUNAIDDA HASHIM ◽  
NORSIAH AHMAD ◽  
WAN AMALINA WAN ABDULLAH ◽  
ZALAILAH SALLEH
Keyword(s):  
Listed Company ◽  
Successful Implementation ◽  
Construction Sector ◽  
Revenue Recognition ◽  
Construction Company ◽  
Construction Companies ◽  
Minimum Number ◽  
The Subject ◽  
One Year ◽  
High Uncertainty

This paper examines the reporting of Key Audit Matters (KAMs) in independent auditor‟s report for construction sector in the Malaysian market. It also aims to identify whether the specific characteristics of construction company will influence the KAMs reporting for Malaysian companies. The sample covers all construction companies listed on Bursa Malaysia with available data one year upon the implementation of KAMs. This business sector has been the subject of the study due to the fact that construction sector, despite being a high-risk sector, is among important sectors that contribute to the development of the economy of a country. The objective of the study is achieved through content analysis. The maximum and minimum number of KAMs disclosed are six and one respectively for this sector. The main issue addressed as KAMs in construction sector is revenue. The revenue recognition in the construction sector is affected by the unexpected occurrences and this, in turn, will affect the estimated cost and profit. The findings discover that the practice on the KAMs disclosed has been critically assessed by the auditors, but there is exception on some of the practice. In the construction sector, the items listed as KAMs basically relates to areas that required a significant amount of judgement from auditors (matters that involve high uncertainty estimation). However, for some of the KAMsdisclosure, 24% of the sample do not highlight the reason of why the items listed as KAMs. This circumstance would provide questions whether auditors had dismissed the guidelines of the disclosure of KAMs or auditors did not understand the KAMs‟ practices comprehensively. Therefore, further monitoring is needed to ensure the successful implementation of KAMs. This study only covers a limited sample of one year upon implementation of KAMs. It provides an empirical data and description on Key audit matters (KAMs) disclosure in the independent auditor‟s report of the Malaysian Listed company.

scholarly journals Integrating the BSC and KPI Systems for Improving the Efficiency of Logistic Strategy Implementation in Construction Companies

2018 ◽  
Vol 7 (3.2) ◽  
pp. 131 ◽  
Author(s):  
Volodymyr Gryshko ◽  
Mykola Zos-Kior ◽  
Olena Zerniuk
Keyword(s):  
Information System ◽  
Strategy Implementation ◽  
Exogenous Variables ◽  
Construction Company ◽  
Logistics Information System ◽  
Construction Enterprises ◽  
Construction Companies ◽  
Performance Indexes ◽  
Logistics Strategy ◽  
Research Findings

The article presents the theoretical and practical basis of BSC and KPI systems integration with a view to improve the efficiency of logistic strategy implementation at construction enterprises. It has been determined that an information logistic system of a construction company should be based on the system of complex performance indexes of logistic activity and it also should have a corresponding to them logistics information system that reflects the running state of logistic strategy implementation and enables to evaluate its efficiency. The exogenous variables, affecting the indicated efficiency, have also been presented in an entry. Based on the research findings, it has been concluded that the proposed guidepost indicators provide an opportunity to insure the process of logistic activity based on modern approaches and procedures in accordance with the chosen logistics strategy of the construction company.  

scholarly journals STRATEGIC MANAGEMENT OF DEVELOPMENT OF CONSTRUCTION ENTERPRISES

2021 ◽  
Author(s):  
Yuliia Kondratiuk
Keyword(s):  
Strategic Management ◽  
Point Of View ◽  
Scientific Article ◽  
Economic Activities ◽  
Construction Enterprise ◽  
Construction Company ◽  
Construction Enterprises ◽  
Construction Companies ◽  
Basic Features ◽  
Implementation Of The Strategy

The subject of the presented research is the theoretical and methodological provisions and practical aspects of the process of strategic management of production and economic activities of construction companies. The purpose of the work is to determine the theoretical and methodological provisions and substantiate practical recommendations for the implementation of the process of strategic management of production and economic activities of construction companies. The main objectives of the study are to study the existing scientific and theoretical provisions on the economic essence and features of strategic management of construction companies; generalization of the structure of the process of strategic management of construction companies and development of priority areas for their improvement in the current economic conditions of construction companies. In the scientific article on the basis of the conducted analysis methodological provisions of realization of process of strategic management of activity of the construction enterprises are generalized. Based on research, it is proposed to define the strategy of a construction company as a set of strategic management decisions, which are defined in a comprehensive action program that defines priorities and strategic directions of the construction company and aims to achieve long-term goals with optimal use of internal potential. The strategy of the construction enterprise from the methodological point of view is described and the basic features of the given sphere of activity are defined. The author's vision of the process of formation and implementation of the strategy of construction enterprises is presented with a description of the content of its main defining stages and as a result methodical recommendations for the formation and implementation of the strategy of construction enterprises are formulated. Summarizing the above study, it is advisable to consider the strategic management of a construction company as a modern tool for managing the development of a construction company, based on intellectual capital as a leading asset and the basis of the enterprise.

SUBSTANTIATION OF THE METHODICAL APPROACH TO ASSESSING THE INNOVATIVE DEVELOPMENT OF CONSTRUCTION ENTERPRISES

2017 ◽  
Author(s):  
Sviatoslav Kniaz ◽  
◽  
Ruslan Skrynkovskyy ◽  
Marcel Kurt Mainka ◽  
Roman Rusyn-Hrynyk ◽  
...  
Keyword(s):  
Construction Industry ◽  
Methodological Approach ◽  
Innovative Technology ◽  
Innovative Development ◽  
Construction Company ◽  
Construction Enterprises ◽  
Construction Companies ◽  
Current Trends ◽  
Methodical Approach ◽  
Innovative Solution

The purpose of the article is to improve the methodological support for a comprehensive assessment of the innovative development of enterprises in the construction industry. Based on the results of the study, the strengths and weaknesses of existing approaches were critically analyzed and a methodological approach to assessing the innovative development of construction enterprises was proposed. Clarifications of such concepts (economic categories) as: innovative solution, creative-active workers, creative construction project, innovative building material, innovative engineering structure, innovative technology are presented. Relative indicators are analyzed, with the help of which the level of innovative development of a construction company is determined. The Harrington scale was used to analyze the values of indicators characterizing the level of innovative development of a construction company. It has been established that the current trends that have developed in the construction industry in Ukraine require Ukrainian construction companies to intensively attract and use innovative technologies. It is noted that the prospects for further research in this direction include the definition and substantiation of factors of influence on the effectiveness of the application of the system-functional approach in the management of innovative development of construction enterprises.

Improving construction sector resilience

2016 ◽  
Vol 7 (2) ◽  
pp. 173-185 ◽  
Author(s):  
Suzanne Wilkinson ◽  
Alice Yan Chang-Richards ◽  
Zulkfli Sapeciay ◽  
Seosamh B. Costello
Keyword(s):  
Construction Industry ◽  
Construction Sector ◽  
Content Type ◽  
Role Construction ◽  
Construction Company ◽  
Construction Companies ◽  
Resilience Management ◽  
The Impact ◽  
Post Disaster ◽  
Practical Implications

Purpose Improving the resilience of the construction sector helps countries recover quicker from crises and can assist with improving community resilience and recovery. This study aims to explore ways in which the construction sector might improve its resilience. Design/methodology/approach This paper examined past disasters and the role construction plays to understand what and how better construction resilience can be built, and the impact this will have on recovery and reconstruction. Findings The findings showed that after a crisis, the construction sector is called upon to manage building and infrastructure recovery and reconstruction. Construction organisations are needed by the community, as they provide physical resources, people, materials, logistics, management and technical expertise and rebuilding. To ensure that recovery and reconstruction programs are successfully implemented, it is necessary for the construction sector to be resilient. To achieve improved resilience in the construction industry, disaster resilience management needs to become mainstreamed into construction processes. Research limitations/implications Although larger organisations have some preparation to respond to crises, including having emergency or disaster plans, smaller companies struggle to achieve a reasonable level of resilience. It appears that senior management and key people in construction organisations are familiar with the procedures but that the majority of staff in organisations lack knowledge and skills. Practical implications Understanding the role the construction sector plays in disasters and providing directions for improving construction sector resilience will ultimately improve recovery and reconstruction outcomes. Social Implications This paper discusses how communities rely on services provided by construction organisations to enable them to recover from emergencies and crises. Pre-disaster construction company resilience impacts on the ability of construction companies to function post-disaster. Originality/value This paper focuses on a number of cases and shows where and how the construction sector has worked in disasters and provides a new analysis of the role the industry plays, and the various disaster stages where the industry has maximum impact.

scholarly journals Modern aspects of innovative development of construction companies

2021 ◽  
Vol 2 (47) ◽  
pp. 40-47
Author(s):  
I.О. Shaposhnikova
Keyword(s):  
Construction Industry ◽  
Economic Assessment ◽  
Innovative Activity ◽  
Innovative Development ◽  
Construction Enterprise ◽  
Construction Company ◽  
Construction Enterprises ◽  
Construction Companies ◽  
Industrial Enterprises ◽  
The Impact

The article is devoted to the analysis of modern aspects of innovative activities of construction companies. The problems of introducing innovations, which construction enterprises are faced with today, have been investigated; the impact of the identified problems on the activities of enterprises in the construction industry is noted; attention is paid to the organization of activities, management methods, search for sources of funding for innovations and assessment of the effectiveness of their implementation. The priorities for the further development of enterprises in the construction industry and the main strategic steps in the implementation of innovations have been determined. Attention is focused on the need to introduce innovations into the activities of the enterprise to ensure stable competitiveness. It is noted that among the methods of effective management of innovations, it is necessary to focus on those that will allow the construction company to improve its competitive position in the market. The advantages of introducing innovations into the activities of construction enterprises are analyzed. The main directions of innovative development in the construction industry and the types of innovations in terms of functional orientation have been determined. It is proposed to develop projects for innovative development of enterprises, taking into account the latest world developments in the construction industry. The necessity of conducting economic assessment and risks when introducing innovations has been substantiated. The specified sources of financing for innovative projects, both state and at the enterprise level. The sources of financing the innovative activity of industrial enterprises for five years, as well as the number of applications for utility models in the direction of "construction" are analyzed. The main methods of organizing the innovative activity of a construction enterprise are considered. The sequence of actions for the implementation of innovative development in the activities of construction enterprises has been determined. The main risk factors that enterprises face when introducing innovations into their activities have been identified. The main principles of the risk management system for the innovative development of the enterprise have been determined, should be aimed at mitigating the impact of risks on the final results of the enterprise.

scholarly journals The Application of Multi-Criteria Analysis in the Evaluation of Partering Relations and the Selection of a Construction Company for the Purposes of Cooperation

2016 ◽  
Vol 62 (2) ◽  
pp. 167-182 ◽  
Author(s):  
E. Radziszewska-Zielina
Keyword(s):  
Decision Making ◽  
Electre Iii ◽  
Construction Company ◽  
Construction Companies ◽  
General Contractors ◽  
Decision Making System ◽  
Multi Criteria Analysis ◽  
A Company ◽  
Selection Of

Abstract The influence that general contractors and subcontractors have on the operation of a company is immense. Keeping this in mind, the authors have decided to develop and algorithm based on the analysis of partnering relations between construction companies that would select the best possible construction company for the purposes of cooperation. This algorithm, developed for a given construction company, is meant to support its decision-making system in the field of the selection of another construction company to cooperate with. The author has made references to earlier research, in which she had used the ELECTRE III method, and in which she bad analysed the possibility of applying the BIPOLAR method in order to solve the problem of the selection of a construction company to develop partnering relations with. The author provided an example of the calculations performed for a selection of construction companies.

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