On-line multi-criterion risk assessment model for construction joint ventures in China

Hsueh, Sung‐Lin; Perng, Yeng‐Horng; Yan, Min‐Ren; Lee, Jen-Rong

doi:10.1016/j.autcon.2007.01.001

Cited by 56 publications

(36 citation statements)

References 12 publications

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“…A frequently adopted classification of risks in CJVs is to incorporate three main groups of risks -internal, project-specific, and external risks -into the analysis of CJV risks, which was developed by Li et al (1999a) in the context of ICJV in East Asia and was further adopted by Hsueh, Perng, Yan and Lee (2007) to develop an on-line multi-criteria risk assessment model for JVs and was also used by Zhang and Zou (2007) to evaluate risks in CJV projects in Mainland China. The study of Li et al (1999a) indicated the most critical risk factors inherent with ICJVs are associated with financial strengths, government policies, project relationships, economic conditions and subcontractors' competence.…”

Section: Risk Assessment or Management Of Cjvsmentioning

confidence: 99%

“…Decision-making tools employed in CJV research record a wide range of variety, such as use of AHP and utility theory to develop a multi-criteria risk assessment model for construction pre-JVs stage (Hsueh et al, 2007), use of analytic network approach to examine the links between the determinants of performance and to observe the influences of these factors on ICJV performance (Ozorhon et al, 2007), and use of SWOT analysis to identify and respond to opportunities and threats (Ling and Gui, 2009a;Ling et al, 2009b), etc.…”

Section: (Please Insert Table 3 Here)mentioning

confidence: 99%

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Research trend of joint ventures in construction: a two-decade taxonomic review

Hong

Chan

2014

Journal of Facilities Management

106

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Purpose -This paper aims to systematically and critically explore the research trend of construction joint ventures (CJVs) in some selected leading construction journals over the past two decades between 1993 and 2012. It is also expected that some valuable insights into the extended application of JVs to facilities service management and maintenance could be generated from the research findings.Design/methodology/approach -A powerful search engine "Scopus" was selected to identify those journals that have published CJV related articles. Papers related to CJVs, as retrieved from the selected journals, were firstly classified based on their relevance to CJV study and were then analyzed in terms of the annual number of CJV related publications, research focus of CJV studies and the applied research methods and techniques. Future research directions are suggested to enrich and add value to the extant literature about CJVs.Findings -An apparent increasing trend of research on CJVs has been witnessed over the past two decades. A critical analysis of the two-decade research outputs indicated that research topics of CJVs published in the selected journals consist of several key areas: (1) theory and model development; (2) motives, benefits and other strategic demands of application; (3) performance measurement or management; (4) risk assessment or management; (5) influential factors for practice; (6) problematic issues and challenges in practice; and (7) Managerial practices of CJVs in the industry. This study also identified that the research methods employed in CJV studies are predominantly questionnaire survey, case study, literature review/analysis, and interview. Research techniques applied in CJV studies were classified into seven main groups, with rank-order analysis, structural equation modelling and regression analysis being the three mostly adopted analytical tools.Research limitations/implications -The critical review of CJV literature reveals several inherent limitations of the existing research and practices of CJVs, The research findings also help visualize future research directions associated with the identification of barriers to the adoption and successful operation of CJVs, investigation of the appropriateness and effectiveness of CJV contracting strategies, and exploration into possible strategies for improving the industrial applications in future. This is the Pre-Published Version. Journal of Facilities Management (Final Accepted Manuscript), Volume 12, Issue 2, May 2014, Pages 118-141 2 Originality/value -Joint Ventures have been extensively used in the construction sector, which calls for the need of more rigorous and meaningful research to guide the appropriate and effective use of it. The findings of this taxonomic review could provide useful insights towards researchers into shaping their research foci under the umbrella of CJVs to suit the demands of both the literature base and the real construction market.

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Section: Risk Assessment or Management Of Cjvsmentioning

confidence: 99%

Section: (Please Insert Table 3 Here)mentioning

confidence: 99%

Research trend of joint ventures in construction: a two-decade taxonomic review

Hong

Chan

2014

Journal of Facilities Management

106

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“…In recent years, researchers have shown more interest in this approach (Dikmen, Birgonul 2006;Cheng, Li 2004;Hsueh et al 2007;Ginevičius, Podvezko 2007b;Mansouri et al 2000;Vamvakeridou et al 2006;Podvezko 2007;Su et al 2006;Morkvėnas et al 2008). However, diffi culties in fi lling in the questionnaires for comparing the criteria, the lack of agreement in the criterion evaluation matrices, etc.…”

Section: Introductionmentioning

confidence: 99%

Application of AHP Technique

Podvezko

2009

Journal of Business Economics and Management

200

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Abstract. Recently, the use of multicriteria quantitative evaluation methods for solving social and economic problems has grown considerably. One of two major components of quantitative multicriteria evaluation methods strongly infl uencing the evaluation results is associated with the criteria weights. In practice, the criteria weights are determined in assessing the economic development of the state and its regions, the commercial activity and strategic potential of enterprises, the effectiveness of particular investment projects, etc. Several theoretical and practical methods of determining the signifi cance (weight) of criteria by experts are known. Pairwise comparison of criteria is widely applied, and the most well-known, widely applied and mathematically grounded technique is the so-called Analytic Hierarchy Process (AHP). However, the application of this method is limited because of a great number of evaluation criteria, contradicting expert estimates and incompatible matrices obtained. In the present paper, the application of AHP technique to more complicated cases is considered and some algorithms are offered.

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“…The AHP multi-criteria decision-making technique [23,24] is then used to investigate the relative importance of each criterion. Following this, we apply utility theory and use objective risk attitudes to investigate the assessment properties of tendencyissues [25]. Finally, we integrate fuzzy logic theory quantitative techniques to objectively establish an overall decision-making analysis that allows a simple comparison of quantitative values.…”

Section: Introductionmentioning

confidence: 99%

A Fuzzy Utility-Based Multi-Criteria Model for Evaluating Households’ Energy Conservation Performance: A Taiwanese Case Study

Hsueh

2012

Energies

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Industry and economy are developed to satisfy the needs and material desires of people. In addition to making high greenhouse gas emissions the responsibility of industry, individuals and families should also be held responsible for the production of greenhouse gas emissions. In this study, we applied the Delphi method, the analytical hierarchy process, utility theory, and fuzzy logic theory to establish an energy conservation assessment model for households. We also emphasize that subsidy policy makers should consider the social responsibility of households and individuals, as well as sustainability of energy conservation.

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On-line multi-criterion risk assessment model for construction joint ventures in China

Cited by 56 publications

References 12 publications

Research trend of joint ventures in construction: a two-decade taxonomic review

Research trend of joint ventures in construction: a two-decade taxonomic review

Application of AHP Technique

A Fuzzy Utility-Based Multi-Criteria Model for Evaluating Households’ Energy Conservation Performance: A Taiwanese Case Study

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