A Theory of Optimized Resource Allocation from Systems Perspectives.
A construction project is an example of a complex systems engineering problem. In this paper, we have characterized a construction project in the context of the theory of six forces on the factors of production. This new approach was defined by giving consideration to the characteristics of the construction project’s resource allocation. An economic efficiency index was also used to assess resource allocation of a construction project. Based on this approach, a theory of optimized resource allocation of the construction project is proposed.
|Main Author:||Xiong, Ying.|
|Other Authors:||Chaudhry, Sohail S.|