Development of a performance model for international construction joint ventures : a system dynamics approach | |
| Author | Mahmood, Muhammad Nateque |
| Call Number | AIT Thesis no.CM-06-5 |
| Subject(s) | Joint ventures--Thailand Construction industry |
| Note | A thesis submitted in partial fulfillment of the requirements for the degree of Master of Engineering, School of Engineering and Technology |
| Publisher | Asian Institute of Technology |
| Abstract | The uncertain and dynamic nature of ICJV performance is evolved with many critical factors which lead to make partner relationships more complex in respect of making decisions to maintain a cohesive environment that creates desired strategic outcomes. Addressing to the fact, a generic system dynamics performance model for ICJV is developed by integrating a number of exogenous and endogenous variables as to get an overall impact on performance of ICJV and to make effective decisions based on that. During performance model development process, several key feedback loops are developed with the endogenous variables incorporated with exogenous variables which lead the path to formulate stock and flow mapping under three sub models (value, project output and satisfaction). In order to formulate and validate the model both structurally and behaviorally and also to find out the causes of poor performance, both qualitative and quantitative data are gathered by conducting intensive interviews from two ICJVs in Thailand and also backup with literature review. The performance model, when tested with data from two ICJVs, replicates historic data well. This implies that the system dynamics performance model can be able to facilitate managers of an ICJV to identify the factors causing problems related to performance gap by adjusting inputs and or structure of variables. After conducting intensive simulations of model, three major problems are identified related to negative value gap, low productivity in construction and high rate of ineffective information sharing of both ICJVs. In terms of diminishing negative value by improving adaptability, the suggested effective policies are: (1) training, (2) workshops and (3) high performance team. In order to stimulate productivity in construction, the recommended effective policies are: (1) performance based incentive, (2) multiskilled training and (3) problem solving team. Regarding improvement of effectiveness of information sharing (1) integrated proactive team and (2)"Project Web" are suggested. Integrated application of these policies provides a maximum improvement to the performance of the ICJV |
| Year | 2006 |
| Type | Thesis |
| School | School of Engineering and Technology (SET) |
| Department | Department of Civil and Infrastucture Engineering (DCIE) |
| Academic Program/FoS | Construction Engineering and Infrastructure Management (CM) |
| Chairperson(s) | Hadikusumo, B. H.W. ; |
| Examination Committee(s) | Ogunlana, Stephen 0. ;Sununta Siengthai ; |
| Scholarship Donor(s) | His Majesty the King of Thailand ; |
| Degree | Thesis (M.Eng.) - Asian Institute of Technology, 2006 |