Theoretical framework for a management decision evaluation system

Skitmore, Martin (1987) Theoretical framework for a management decision evaluation system. In Lansley, Peter (Ed.) Proceedings 5th International Symposium on the Organisation and Management of Construction,, The International Council for Building Research, Studies and Documentation, CIB W-65, Chartered Institute of Building, Englemere, Kings Ride, Ascot, Berkshire SL5 8BJ, 153-65., London, pp. 153-165.

Abstract

A theoretical framework for a construction management decision evaluation system for project selection by means of a literature review. The theory is developed by the examination of the major factors concerning the project selection decision from a deterministic viewpoint, where the decision-maker is assumed to possess 'perfect knowledge' of all the aspects involved. Four fundamental project characteristics are identified together with three meaningful outcome variables. The relationship within and between these variables are considered together with some possible solution techniques.

The theory is next extended to time-related dynamic aspects of the problem leading to the implications of imperfect knowledge and a non­deterministic model. A solution technique is proposed in which Gottinger's sequential machines are utilised to model the decision process,

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ID Code: 59699
Item Type: Conference Paper
Refereed: Yes
Subjects: Australian and New Zealand Standard Research Classification > BUILT ENVIRONMENT AND DESIGN (120000) > BUILDING (120200) > Building Construction Management and Project Planning (120201)
Divisions: Current > Schools > School of Civil Engineering & Built Environment
Current > QUT Faculties and Divisions > Science & Engineering Faculty
Copyright Owner: Copyright 1987 please consult the author
Deposited On: 06 May 2013 01:06
Last Modified: 06 May 2013 02:01

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