System dynamic models for construction projects

Abstract

Thesis (S.M.)--Massachusetts Institute of Technology, Dept. of Civil and Environmental Engineering, 1999.Includes bibliographical references (leaves 111-113).This thesis studies the application of system dynamics principles and models to construction project negotiations and schedule. It helps improve the efficiency of the negotiation processes and allows planners to realize the shortcomings of their proposed schedules through showing the relationships and interactions between variables in the processes or the schedules. This research is conducted as an effort to demonstrate the usefulness of the system dynamics models on the construction industry. By developing robust system dynamics models, the efficiencies and the overall performances of the construction projects could be improved as the probability of project delay would be significantly reduced through, much better planning and more efficient negotiation process.by Sze Yiu Gordon Kwok.S.M