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Allam, S I G (1988) Multi-project scheduling: a new categorization for heuristic scheduling rules in construction scheduling problems. Construction Management and Economics, 6(02), 93-115.

Aniekwu, A N and Okpala, D C (1988) The effect of systemic factors on contract services in Nigeria. Construction Management and Economics, 6(02), 171-82.

Arlain, A G and Rakhra, A S (1988) Building code assessment framework. Construction Management and Economics, 6(02), 117-31.

Bon, R (1988) Replacement simulation model: a framework for building portfolio decisions. Construction Management and Economics, 6(02), 149-59.

Kangari, R and Riggs, L S (1988) Portfolio management in construction. Construction Management and Economics, 6(02), 161-9.

  • Type: Journal Article
  • Keywords: diversification; financial management; portfolio theory; risk analysis
  • ISBN/ISSN: 0144-6193
  • URL: https://doi.org/10.1080/01446198800000014
  • Abstract:

    When a construction company invests in a variety of projects, the combination can be viewed as a portfolio of projects. Such a portfolio is efficient if the contractor can diversify the projects. In general, a diversified portfolio of projects is less risky than the average of the individual projects considered alone. It is important to recognize that investment in construction projects differs somewhat from that in securities. For example, construction projects typically are not divisible, whereas securities are. These differences have caused many difficulties in the application of the portfolio theory in construction. The objective of this paper is to explore these problems and present solutions for them.

Nam, C H and Tatum, C B (1988) Major characteristics of constructed products and resulting limitations of construction technology. Construction Management and Economics, 6(02), 133-48.