In financial decision-making, a number of mathematical models have been developed for financial management in construction. However, optimizing both qualitative and quantitative factors and the semi-structured nature of construction finance optimization problems are key challenges in solving construction finance decisions. The selection of funding schemes by a modified construction loan acquisi...

New information technology (IT) developments continue to have a significant impact on the Architectural/Engineering/Construction (A/E/C) industry. However, the issue of whether A/E/C organizations are receiving adequate returns from their IT investments remains an important managerial concern. Recently, Pefia-Mora, Vadhavkar, Perkins, and Weber introduced a strategic IT planning framework for c...

We consider the capital investment problem faced by a firm that must invest in capacity while gathering information about whether that capacity will actually be needed. Specifically, we are motivated by pharmaceutical firms, which face long horizons for clinical trials, “all-or-nothing” demand for new products depending on the outcome those clinical trials, long lead times for the construction ...

1. Samson DR, Hunt KD (2014) Chimpanzees Preferentially Select Sleeping Platform Construction Tree Species with Biomechanical Properties that Yield Stable, Firm, but Compliant Nests. PLoS ONE 9(4): e95361. doi:10.1371/ journal.pone.0095361 Citation: The PLOS ONE Staff (2014) Correction: Chimpanzees Preferentially Select Sleeping Platform Construction Tree Species with Biomechanical Properties t...

In parallel with China’s growing construction market, there has been an influx of foreign architectural and engineering design firms into the Chinese construction market. Those firms generally form partnerships with local Chinese firms or institutions to overcome various complications in the country. Adding to the complexity, relatively recent technologies such as Building Information Modelling...

The Construction Industry is characterized by intensive use of labour, low use of technology, many disciplines and participants involved; all these factors make the environment very uncertain. Uncertainty increases the amount of information to be processed and, in many occasions, overwhelms the firm’s capacity to process information. A way to reduce the amount of information to be processed is ...