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Edwards, D J, Holt, G D and Harris, F C (1998) Financial management of construction plant: conceptualising cost prediction. Journal of Financial Management of Property and Construction, 3(02), 59–74.

  • Type: Journal Article
  • Keywords: financial plant management; total maintenance costs; tracked hydraulic excavators; regression analysis
  • ISBN/ISSN: 1366-4387
  • URL: http://www.emeraldinsight.com/journals.htm?issn=1366-4387
  • Abstract:
    In an attempt to augment productivity, post war UK industry has witnessed a major shift in its utilisation of labour resources, to increased use of mechanisation (Manser, 1994). Consequently, plant productivity and equipment selection studies have been conducted (Haidar, 1995) but research into its financial management has been scarce. This paper counters this deficiency by conceptualising prediction of the total costs of construction plant maintenance for tracked hydraulic excavators. In this context total costs equal the sum of direct maintenance costs such as replacement parts, and indirect costs such as lost production. Essentially, the proposed model combines bivariate regression (to predict indirect costs) and multivariate regression analysis (to predict direct costs). Such a financial decision model will enable construction plant managers to make optimum equipment selection based upon the premise of both forecast production rates and predicted total maintenance costs

Mootanah, D P (1998) The effective management of risk in concession projects. Journal of Financial Management of Property and Construction, 3(02), 27–40.

Tse, R Y C, Ganesan, S and So, H M (1998) Property cycles in Hong Kong: causes and impacts. Journal of Financial Management of Property and Construction, 3(02), 2–26.

Yohanis, Y G and Norton, B (1998) Estimating at the earliest stages of design the financial cost and operational energy requirement of buildings. Journal of Financial Management of Property and Construction, 3(02), 41–58.