A platform for research: civil engineering, architecture and urbanism
A platform for research: civil engineering, architecture and urbanism
Contractors' financial budgeting using computer simulation
Contractors' budgets are often performed on an overall basis. Changes in strategies and mix of contracts are very difficult to evaluate on such a basis. Thus, the accuracy of current budgets is in question. A new approach has been developed to perform contractor's budgeting, by generating and integrating individual current and future projects. The principle of simulation was introduced to generate possible scenarios according to the specified strategies and the expected environment. The model was tested using various verification techniques and was confirmed to be a reliable simulation tool.
Contractors' financial budgeting using computer simulation
Contractors' budgets are often performed on an overall basis. Changes in strategies and mix of contracts are very difficult to evaluate on such a basis. Thus, the accuracy of current budgets is in question. A new approach has been developed to perform contractor's budgeting, by generating and integrating individual current and future projects. The principle of simulation was introduced to generate possible scenarios according to the specified strategies and the expected environment. The model was tested using various verification techniques and was confirmed to be a reliable simulation tool.
Contractors' financial budgeting using computer simulation
Kaka, Ammar Peter (author)
Construction Management and Economics ; 12 ; 113-124
1994-03-01
12 pages
Article (Journal)
Electronic Resource
English
Contractors' financial budgeting using computer simulation
| Online Contents | 1994
A survey of contractors' corporate planning and financial budgeting
| Taylor & Francis Verlag | 1994
Capital Budgeting Evaluation Practices of Building Contractors in Hong Kong
| DOAJ | 2012
Capital Budgeting Evaluation Practices of Building Contractors in Hong Kong
| BASE | 2012
Development of zero-based budgeting approach for multinational construction contractors
| Emerald Group Publishing | 2023