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Grey Forecasting Of Construction Demand In Hong Kong Over The Next Ten Years, Yongtao Tan, Craig Langston, Min Wu, Jorge Ochoa
Grey Forecasting Of Construction Demand In Hong Kong Over The Next Ten Years, Yongtao Tan, Craig Langston, Min Wu, Jorge Ochoa
Craig Langston
The Hong Kong construction industry since 1997 has experienced a difficult time in regard to construction output until recently. The future of the local construction industry remains uncertain. Forecasting of future development would be attractive to parties in the industry. Based on past data of the local construction industry, a grey forecasting model is developed to predict the annual growth of construction demand for Hong Kong over the next ten years. With the implementation of ten large infrastructure projects and further collaboration with the Pearl River Delta region, there will be many potential opportunities for the local industry, especially in …
A Casual [Causal] Relationship Between Building Maintenance Market And Gdp: Hong Kong Study, Yong-Tao Tan, Liyin Shen, Craig Langston
A Casual [Causal] Relationship Between Building Maintenance Market And Gdp: Hong Kong Study, Yong-Tao Tan, Liyin Shen, Craig Langston
Craig Langston
Purpose: The purpose of this paper is to examine the causal relationship between the building maintenance market and GDP in Hong Kong. Design/methodology/approach: The Granger causality test is used to investigate the lead-lag relationships between the maintenance and repair work and GDP in Hong Kong. With regression analysis, the future trend of the maintenance market is forecasted. Findings: The results show that the growth of the economy will lead to the growth of the maintenance market, not vice-versa. And the building maintenance market in Hong Kong will keep increasing with the economy growth. Originality/value: This paper shows that the growth …
A Fuzzy Approach For Assessing Contractors Competitiveness, Yongtao Tan, Li-Yen Shen, Craig Langston
A Fuzzy Approach For Assessing Contractors Competitiveness, Yongtao Tan, Li-Yen Shen, Craig Langston
Craig Langston
Purpose – Proper assessment of contractors' competitiveness is important for assisting contractors in taking internal analysis and for assisting clients in selecting suitable contractors. This paper seeks to address this issue.
Design/methodology/approach – With previously identified contractor key competitiveness indicators (KCIs), this study presents a fuzzy competitiveness rating (FCR) method for measuring contractor competitiveness with reference to the Hong Kong construction industry. A set of linguistic terms is used for facilitating the assessment process.
Findings – For illustration, an example is used to show the application of the FCR method. The results provide valuable information for helping contractors in the …