Most recent issue published online in the International Journal of Engineering Management and Economics.
International Journal of Engineering Management and Economics
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International Journal of Engineering Management and Economics
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International Journal of Engineering Management and Economics
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http://www.inderscience.com/browse/index.php?journalID=299&year=2022&vol=7&issue=1
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Factors influencing cost overrun in the real estate industry of developing countries
http://www.inderscience.com/link.php?id=129119
The construction sector is one of the major contributors in a country's economic and infrastructure development. Nowadays, due to several factors influencing the cost overrun/cost escalation, it became the critical issue causing severe impact in the growth of that industry. Cost escalation is the cumulative result of a large number of factors. In this research study, an initiative was taken to find the influencing factor for cost escalation in the infrastructure projects of developing countries under these project parameters. A questionnaire survey was carried out between a construction company and data were collected. Analysis showed a comparative analysis of cost escalation trends among the various infrastructure projects. The findings of the research will indicate the main factors leading to the overruns of costs. In addition, owners and contractors can use these results in developing their work plans for future projects that have more control over costs.
Factors influencing cost overrun in the real estate industry of developing countries
Sudarshan D. Kore; J.S. Sudarsan; Chandrakant Gokhale
International Journal of Engineering Management and Economics, Vol. 7, No. 1 (2022) pp. 1 - 23
The construction sector is one of the major contributors in a country's economic and infrastructure development. Nowadays, due to several factors influencing the cost overrun/cost escalation, it became the critical issue causing severe impact in the growth of that industry. Cost escalation is the cumulative result of a large number of factors. In this research study, an initiative was taken to find the influencing factor for cost escalation in the infrastructure projects of developing countries under these project parameters. A questionnaire survey was carried out between a construction company and data were collected. Analysis showed a comparative analysis of cost escalation trends among the various infrastructure projects. The findings of the research will indicate the main factors leading to the overruns of costs. In addition, owners and contractors can use these results in developing their work plans for future projects that have more control over costs.]]>
10.1504/IJEME.2022.129119
International Journal of Engineering Management and Economics, Vol. 7, No. 1 (2022) pp. 1 - 23
Sudarshan D. Kore
J.S. Sudarsan
Chandrakant Gokhale
School of Construction Management, National Institute of Construction Management and Research (NICMAR), Pune-411041, India ' School of Construction Management, National Institute of Construction Management and Research (NICMAR), Pune-411041, India ' School of Construction Management, National Institute of Construction Management and Research (NICMAR), Pune-411041, India
construction industry
parameters
cost escalation
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Copyright © 2023 Inderscience Enterprises Ltd.
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The impact of management knowledge on project duration: a comparative study
http://www.inderscience.com/link.php?id=129118
Although various studies have been done on construction delays, there are limitations in identifying the management knowledge areas that contribute significantly to construction delays and compare them between countries. With this in mind, work has been done to classify the underlying causes of construction delays in to related management knowledge areas and to calculate their impact. According to the results, schedule and planning management knowledge is one of the top cause for delay in Ethiopia, followed by cost management knowledge and scope management knowledge, respectively. In Indian construction projects, cost management knowledge, schedule and planning management knowledge, and stakeholder management knowledge play significant role in delaying construction projects, while in the UK, scope management knowledge, quality management knowledge and stakeholder management knowledge play a significant role. In addition, in the three countries mentioned above, scope management knowledge has been identified as a common factor for the delay in construction projects.
The impact of management knowledge on project duration: a comparative study
Teshale Teshome Alemu; Mohindra Singh Thakur
International Journal of Engineering Management and Economics, Vol. 7, No. 1 (2022) pp. 24 - 40
Although various studies have been done on construction delays, there are limitations in identifying the management knowledge areas that contribute significantly to construction delays and compare them between countries. With this in mind, work has been done to classify the underlying causes of construction delays in to related management knowledge areas and to calculate their impact. According to the results, schedule and planning management knowledge is one of the top cause for delay in Ethiopia, followed by cost management knowledge and scope management knowledge, respectively. In Indian construction projects, cost management knowledge, schedule and planning management knowledge, and stakeholder management knowledge play significant role in delaying construction projects, while in the UK, scope management knowledge, quality management knowledge and stakeholder management knowledge play a significant role. In addition, in the three countries mentioned above, scope management knowledge has been identified as a common factor for the delay in construction projects.]]>
10.1504/IJEME.2022.129118
International Journal of Engineering Management and Economics, Vol. 7, No. 1 (2022) pp. 24 - 40
Teshale Teshome Alemu
Mohindra Singh Thakur
Shoolini University, Solan H.P., 173229, India ' Shoolini University, Solan H.P., 173229, India
management knowledge
factor groups
time delay
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Copyright © 2023 Inderscience Enterprises Ltd.
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40
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An empirical analysis of efficiency and profitability of US food processing companies
http://www.inderscience.com/link.php?id=129128
This study provides an overview of the US food industry, analyse historical trends in operational efficiencies and profitability metrics, and explore the relationship between these metrics for the US food companies. The research method is based on ratio analysis. The key efficiency ratios used are days sales outstanding (DSO), days inventory, payable period, and cash conversion cycle (CCC). Return on assets (ROA) is used as the key profitability ratio to assess the profitability of companies. Pearson correlation analysis is used to study the relationship between efficiency and profitability ratios. The findings show a wide performance range of efficiency ratios, but a general decreasing trend in CCC in studied companies which can be attributed to effective use of lean practices. Also, the correlation between efficiency and profitability is not as strong as initially envisioned. It is necessary to support quantitative analysis with a qualitative analysis of individual companies for more insights.
An empirical analysis of efficiency and profitability of US food processing companies
Nilesh Joshi
International Journal of Engineering Management and Economics, Vol. 7, No. 1 (2022) pp. 41 - 58
This study provides an overview of the US food industry, analyse historical trends in operational efficiencies and profitability metrics, and explore the relationship between these metrics for the US food companies. The research method is based on ratio analysis. The key efficiency ratios used are days sales outstanding (DSO), days inventory, payable period, and cash conversion cycle (CCC). Return on assets (ROA) is used as the key profitability ratio to assess the profitability of companies. Pearson correlation analysis is used to study the relationship between efficiency and profitability ratios. The findings show a wide performance range of efficiency ratios, but a general decreasing trend in CCC in studied companies which can be attributed to effective use of lean practices. Also, the correlation between efficiency and profitability is not as strong as initially envisioned. It is necessary to support quantitative analysis with a qualitative analysis of individual companies for more insights.]]>
10.1504/IJEME.2022.129128
International Journal of Engineering Management and Economics, Vol. 7, No. 1 (2022) pp. 41 - 58
Teshale Teshome Alemu
Mohindra Singh Thakur
Engineering and Technology Management, Morehead State University, 316C Lloyd Cassity Bldg, 4th St., Morehead, KY 40351, USA
efficiency ratios
profitability ratios
cash conversion cycle
CCC
correlation analysis
food processing industry
inventory turnover
asset turnover
2023-02-21T23:20:50-05:00
Copyright © 2023 Inderscience Enterprises Ltd.
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41
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Factors affecting the accuracy of detailed construction cost estimation in Ghana
http://www.inderscience.com/link.php?id=129127
The purpose of this study is to identify the critical factors that affect the accuracy of detailed cost estimates. Using a questionnaire survey, respondents were invited to rate factors affecting the accuracy of detailed cost estimates identified from literature and interviews. The target population were quantity surveyors/cost estimators in Accra and Kumasi. The sampling technique utilised were purposive and snowballing techniques. The data collected were analysed using mean score ranking and factor analysis based on principal component analysis. Reliability test was further conducted on the five components identified. Based on factor analysis, accuracy of design and cost information, estimator's capacity, resource availability or pricing, project composition and site conditions were the components that affect the accuracy of a detailed cost estimate in Ghana. The findings offer industry players like clients, consultants and contractors to appreciate the key factors that influence the accuracy of detailed cost estimate, cost planning and control.
Factors affecting the accuracy of detailed construction cost estimation in Ghana
Jerry Junior Gyimah; Ernest Kissi; Theophilus Adjei-Kumi; Richard Oduro Asamoah; Seth Bampo Addo; Kofi Offei-Nyako; Philip Bannor
International Journal of Engineering Management and Economics, Vol. 7, No. 1 (2022) pp. 59 - 78
The purpose of this study is to identify the critical factors that affect the accuracy of detailed cost estimates. Using a questionnaire survey, respondents were invited to rate factors affecting the accuracy of detailed cost estimates identified from literature and interviews. The target population were quantity surveyors/cost estimators in Accra and Kumasi. The sampling technique utilised were purposive and snowballing techniques. The data collected were analysed using mean score ranking and factor analysis based on principal component analysis. Reliability test was further conducted on the five components identified. Based on factor analysis, accuracy of design and cost information, estimator's capacity, resource availability or pricing, project composition and site conditions were the components that affect the accuracy of a detailed cost estimate in Ghana. The findings offer industry players like clients, consultants and contractors to appreciate the key factors that influence the accuracy of detailed cost estimate, cost planning and control.]]>
10.1504/IJEME.2022.129127
International Journal of Engineering Management and Economics, Vol. 7, No. 1 (2022) pp. 59 - 78
Jerry Junior Gyimah
Ernest Kissi
Theophilus Adjei-Kumi
Richard Oduro Asamoah
Seth Bampo Addo
Kofi Offei-Nyako
Philip Bannor
Built Environment Division, CSIR †Building and Road Research Institute, U.P.O. Box 40, KNUST, Ashanti Region, Ghana ' Department of Construction Technology and Management, Kwame Nkrumah University of Science and Technology, Kumasi, Ghana ' Department of Construction Technology and Management, Kwame Nkrumah University of Science and Technology, Kumasi, Ghana ' Built Environment Division, CSIR †Building and Road Research Institute, U.P.O. Box 40, KNUST, Ashanti Region, Ghana ' Built Environment Division, CSIR †Building and Road Research Institute, U.P.O. Box 40, KNUST, Ashanti Region, Ghana ' Built Environment Division, CSIR †Building and Road Research Institute, U.P.O. Box 40, KNUST, Ashanti Region, Ghana ' Built Environment Division, CSIR †Building and Road Research Institute, U.P.O. Box 40, KNUST, Ashanti Region, Ghana
detailed cost estimate
quality
accuracy
factors
Ghana
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