A dynamic policy model to manage temporal performance amongst contracting firms in a competitive situation

Dangerfield, BC; Quigley, M; Kearney, JR

Abstract

Studies have been conducted to measure competitiveness in the construction industry. Such research has focused on all levels from the national picture to individual projects. While useful, the results are limited in that they present a snapshot picture at one point in time. Moreover, they do not suggest how under-performance might be improved. The research reported here is part of a large collaborative study to evaluate sustained competitiveness in the UK construction industry. It enhances previous research in that a system dynamics model of contracting firms operating in competition is used to not only measure each firm’s temporal performance by means of a dynamic competitive index, but it can also suggest high leverage policies which mitigate against under-performance. The model structure is described and a simulated scenario run is presented. Besides the contribution to strategic policy making at the level of the contracting firm, the exemplar shows that the system dynamics methodology could have significant utility in the field of construction management.

Citation

Dangerfield, B., Quigley, M., & Kearney, J. (2008, November). A dynamic policy model to manage temporal performance amongst contracting firms in a competitive situation. Presented at Transformation through construction-joint 2008 CIB W065/W055 symposium proceedings, Dubai

• Presentation Conference Type: Other
• Conference Name: Transformation through construction-joint 2008 CIB W065/W055 symposium proceedings
• Conference Location: Dubai
• Start Date: Nov 15, 2008
• End Date: Nov 17, 2008
• Publication Date: Jan 1, 2008
• Deposit Date: Oct 5, 2011
• Publicly Available Date: Apr 5, 2016
• Additional Information: Event Type : Conference