Abstracts – Browse Results
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Abu-Shabeen, N N (2008) Development of multi-criteria decision analysis models for bidding and contractor selection, Unpublished PhD Thesis, School of the Built Environment, Edinburgh Napier University.
Alsulamy, S (2015) Developing a performance measurement framework for municipal construction projects in Saudi Arabia , Unpublished PhD Thesis, School of Engineering and the Built Environment, Edinburgh Napier University.
De Venny, A S (1999) Recycling of demolished masonry rubble, Unpublished PhD Thesis, School of the Built Environment, Edinburgh Napier University.
Delaney, F T (2003) Effectiveness of mergers and acquisitions and corporate financial performance in construction, Unpublished PhD Thesis, School of Built Environment, Edinburgh Napier University.
Elsayah, O S (2016) A framework for improvement of contractor selection procedures on major construction project in Libya, Unpublished PhD Thesis, School of Engineering and the Built Environment, Edinburgh Napier University.
Guo, Q L (2001) Development of risk analysis models for decision-making in project management, Unpublished PhD Thesis, School of the Built Environment, Edinburgh Napier University.
Hairstans, R (2007) Optimisation of timber platform frame construction, Unpublished PhD Thesis, School of Engineering and the Built Environment, Edinburgh Napier University.
Robinson, M J (2021) The delusion of innovations? An investigation into micro-level factors to an effective macro-level diffusion of Building Information Modelling in the UK, Unpublished PhD Thesis, , Edinburgh Napier University.
Sanna, F (2018) Timber modern methods of construction: a comparative study, Unpublished PhD Thesis, Institute for Sustainable Construction, Edinburgh Napier University.
Schrapers, M (2018) Applying standards, guidelines and methods in construction project management, Unpublished PhD Thesis, Business School, Edinburgh Napier University.
Tan, J (2021) The role of social media marketing in organisational business development in the construction industry: managerial perspectives, Unpublished PhD Thesis, , Edinburgh Napier University.
Taylor, M D (2003) Economic appraisal and risk analysis of construction automation, Unpublished PhD Thesis, School of the Built Environment, Edinburgh Napier University.
- Type: Thesis
- Keywords: plant; valuation; investment; automation; equipment
- ISBN/ISSN:
- URL: https://www.napier.ac.uk/~/media/worktribe/output-264067/taylorpdf.pdf
- Abstract:
This thesis sets forth the results of research into the economic appraisal and risk analysis of construction automation investment. The research development and use of automated plant and machinery for the construction industry has become a reality. The valuation of construction automation is inhibited by inadequate appraisal techniques. Furthermore, the dominant role of the plant hire industry has been ignored within existing valuation methodologies. An international review of existing prototype and manufactured technologies is presented. Unsuccessful technologies are highlighted, as are systems that provide valuable operational advantages to the international construction industries. A selective study of Japanese main contractors, using focus group interviews, highlighted existing capabilities, and identified key directions for future research. The focus groups provide a qualitative analysis of the limitations of historical research and ongoing construction automation operations. The inadequacies of valuation procedures are confirmed through a critical review of the existing valuation methodologies. Discontinuities within the existing literature influence the development of a generic financial risk analysis model and the application of real option pricing theory to the strategic valuation of construction automation. Specifically, the dominant role of the plant hire industry is incorporated through the valuation of automated technology from the perspective of a plant hire company. A probabilistic financial risk analysis model is developed to perform a hypothetical financial risk analysis. Furthermore, the application of real option-pricing theory to the valuation of construction automation investment is presented. Timing, learning, abandonment, strategic growth and switching option scenarios are described within the context of construction automation valuation and worked examples are presented. Finally, the limitations and validation of such valuation models are outlined. The thesis provides insight into the potential strategic value of construction automation.
Tokede, O O (2016) Developing whole-life cost models for retrofit options in office buildings, Unpublished PhD Thesis, School of Engineering and the Built Environment, Edinburgh Napier University.