A platform for research: civil engineering, architecture and urbanism
A platform for research: civil engineering, architecture and urbanism
A construction project cash flow model—an idiographic approach
The paper introduces and supports the contention that an idiographic methodology is appropriate to the post- hoc study and interpretation of individual construction project cash flows. A cash flow model based on the logit transformation is proposed to be consistent with this methodology. The model is based on historical data, and yields two parameters to describe each individual project. The model is tested using two samples totalling 72 projects. Goodness of fit for the model, using a measure of standard deviation from 1.0% to 4.6%, with a median of 2.5%, is found for individual projects. The experimental hypothesis (that there is substantial variation between projects) is supported by the graphical and statistical evidence of deviation, which is argued to be the result of the individual ontology of each project - systematic error - rather than random error from an ideal. The paper concludes that forecasts of individual cash flows are invalid when derived from analysis of grouped data.
A construction project cash flow model—an idiographic approach
The paper introduces and supports the contention that an idiographic methodology is appropriate to the post- hoc study and interpretation of individual construction project cash flows. A cash flow model based on the logit transformation is proposed to be consistent with this methodology. The model is based on historical data, and yields two parameters to describe each individual project. The model is tested using two samples totalling 72 projects. Goodness of fit for the model, using a measure of standard deviation from 1.0% to 4.6%, with a median of 2.5%, is found for individual projects. The experimental hypothesis (that there is substantial variation between projects) is supported by the graphical and statistical evidence of deviation, which is argued to be the result of the individual ontology of each project - systematic error - rather than random error from an ideal. The paper concludes that forecasts of individual cash flows are invalid when derived from analysis of grouped data.
A construction project cash flow model—an idiographic approach
Kenley, Russell (author) / Wilson, Owen D. (author)
Construction Management and Economics ; 4 ; 213-232
1986-01-01
20 pages
Article (Journal)
Electronic Resource
English
A construction project net cash flow model
| Taylor & Francis Verlag | 1989
Cash flow forecasting in construction project
| Springer Verlag | 2004
| British Library Conference Proceedings | 2001