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Construction dispute mitigation through multi-agent based simulation and risk management modeling

Posted on:2009-08-19Degree:Ph.DType:Dissertation
University:Iowa State UniversityCandidate:El-adaway, Islam HassanFull Text:PDF
GTID:1449390002497487Subject:Economics
Abstract/Summary:
he construction industry is regarded not only as a backbone of the nation's economy but also as an integral indicator of its efficiency and effectiveness. However, as a result of the risks and complexities that are naturally inherent with construction projects as well as the diverging interests of the parties involved, claims and disputes could be considered an unavoidable consequence of the construction processes. In fact, over the years, the frequency and severity of claims and disputes have significantly increased to the extent that the estimated total annual cost of construction conflicts and disputes in the U.S. is...
Keywords/Search Tags:Construction
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