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

Dangerfield, BC, Quigley, M and Kearney, JR 2008, A dynamic policy model to manage temporal performance amongst contracting firms in a competitive situation , in: International Conference of the System Dynamics Society, 20-24 July 2008, Athens, Greece.

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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 simulated scenario runs 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.

Item Type: Conference or Workshop Item (Keynote)
Themes: Built and Human Environment
Schools: Colleges and Schools > College of Business & Law > Salford Business School > Operations and Information Management
Journal or Publication Title: International Conference of the System Dynamics Society, Athens
Publisher: System Dynamics Society
Refereed: Yes
Depositing User: BC Dangerfield
Date Deposited: 05 Oct 2011 09:29
Last Modified: 20 Aug 2013 17:11
URI: http://usir.salford.ac.uk/id/eprint/17836

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