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Development of a performance model for international construction joint venture : a system dynamics approach

Mahmood, Muhammad Nateque, Hadikusumo, B.H.W, Ogunlana, Stephen O., & Rahman, Azmeri (2008) Development of a performance model for international construction joint venture : a system dynamics approach. In Proceedings of CIB W055 - W065 Joint International Symposium: Transformation Through Construction, International Council for Research and Innovation in Building and Construction, Dubai, United Arab Emirates.

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Abstract

The uncertain and dynamic nature of International Construction Joint Venture (ICJV) performance is evolved with many critical factors which lead to make partner relationships more complex in respect of making decisions to maintain a cohesive environment. Addressing to the fact, a generic system dynamics performance model for ICJV is developed by integrating a number variables as to get an overall impact on performance of ICJV and to make effective decisions based on that. In order to formulate and validate the model both structurally and behaviourally, both qualitative and quantitative data are gathered by conducting intensive interviews from two ICJVs in Thailand. After conducting intensive simulations of model, three major problems are identified related to negative value gap, low productivity in construction and high rate of ineffective information sharing of both ICJVs. Several policies are suggested and integrated application of these policies provides a maximum improvement to performance of the ICJV.

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ID Code: 46505
Item Type: Conference Paper
Keywords: international construction joint venture, system dynamics performance, joint ventures, Thailand
Subjects: Australian and New Zealand Standard Research Classification > ENGINEERING (090000) > CIVIL ENGINEERING (090500) > Infrastructure Engineering and Asset Management (090505)
Divisions: Past > QUT Faculties & Divisions > Faculty of Built Environment and Engineering
Past > Schools > School of Urban Development
Copyright Owner: Copyright 2008 please consult the authors
Deposited On: 17 Oct 2011 10:53
Last Modified: 18 Oct 2011 06:29

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