Research on Investment Risk Management of Chinese Prefabricated Construction Projects Based on a System Dynamics Model
Prefabricated construction, a new direction for the future development of the Chinese construction industry, can maximize the requirements of “green”. As a new form of green building, prefabricated construction is of particular interest. On account of the immature development of the green building m...
| Main Authors: | , , , |
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| Format: | Article |
| Language: | English |
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MDPI AG
2017-09-01
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| Series: | Buildings |
| Subjects: | |
| Online Access: | https://www.mdpi.com/2075-5309/7/3/83 |
| _version_ | 1828349748718862336 |
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| author | Ming Li Ganbin Li Yanqing Huang Liyan Deng |
| author_facet | Ming Li Ganbin Li Yanqing Huang Liyan Deng |
| author_sort | Ming Li |
| collection | DOAJ |
| description | Prefabricated construction, a new direction for the future development of the Chinese construction industry, can maximize the requirements of “green”. As a new form of green building, prefabricated construction is of particular interest. On account of the immature development of the green building market in China, the investment risk for prefabricated construction is higher than for traditional architecture. Hence, it is especially important to improve its investment risk identification and management. This study adopts system dynamics and builds a risk identification feedback chart and risk flow chart, to comprehensively identify investment risks that projects in China may face and to process quantitative estimation of investment risk factors. Key factors influencing project investment risks are found, and corresponding measures are pointedly proposed. This paper may provide guidance and a reference for promoting the sound development of prefabricated construction in China. |
| first_indexed | 2024-04-14T01:14:22Z |
| format | Article |
| id | doaj.art-ad5ed02e348a4e0291980466a57f294b |
| institution | Directory Open Access Journal |
| issn | 2075-5309 |
| language | English |
| last_indexed | 2024-04-14T01:14:22Z |
| publishDate | 2017-09-01 |
| publisher | MDPI AG |
| record_format | Article |
| series | Buildings |
| spelling | doaj.art-ad5ed02e348a4e0291980466a57f294b2022-12-22T02:20:55ZengMDPI AGBuildings2075-53092017-09-01738310.3390/buildings7030083buildings7030083Research on Investment Risk Management of Chinese Prefabricated Construction Projects Based on a System Dynamics ModelMing Li0Ganbin Li1Yanqing Huang2Liyan Deng3School of Tourism and Urban Management, Jiangxi University of Finance & Economics, Nanchang 330013, ChinaSchool of Tourism and Urban Management, Jiangxi University of Finance & Economics, Nanchang 330013, ChinaSchool of Tourism and Urban Management, Jiangxi University of Finance & Economics, Nanchang 330013, ChinaSchool of Tourism and Urban Management, Jiangxi University of Finance & Economics, Nanchang 330013, ChinaPrefabricated construction, a new direction for the future development of the Chinese construction industry, can maximize the requirements of “green”. As a new form of green building, prefabricated construction is of particular interest. On account of the immature development of the green building market in China, the investment risk for prefabricated construction is higher than for traditional architecture. Hence, it is especially important to improve its investment risk identification and management. This study adopts system dynamics and builds a risk identification feedback chart and risk flow chart, to comprehensively identify investment risks that projects in China may face and to process quantitative estimation of investment risk factors. Key factors influencing project investment risks are found, and corresponding measures are pointedly proposed. This paper may provide guidance and a reference for promoting the sound development of prefabricated construction in China.https://www.mdpi.com/2075-5309/7/3/83prefabricated constructioninvestment risk managementsystem dynamics model |
| spellingShingle | Ming Li Ganbin Li Yanqing Huang Liyan Deng Research on Investment Risk Management of Chinese Prefabricated Construction Projects Based on a System Dynamics Model Buildings prefabricated construction investment risk management system dynamics model |
| title | Research on Investment Risk Management of Chinese Prefabricated Construction Projects Based on a System Dynamics Model |
| title_full | Research on Investment Risk Management of Chinese Prefabricated Construction Projects Based on a System Dynamics Model |
| title_fullStr | Research on Investment Risk Management of Chinese Prefabricated Construction Projects Based on a System Dynamics Model |
| title_full_unstemmed | Research on Investment Risk Management of Chinese Prefabricated Construction Projects Based on a System Dynamics Model |
| title_short | Research on Investment Risk Management of Chinese Prefabricated Construction Projects Based on a System Dynamics Model |
| title_sort | research on investment risk management of chinese prefabricated construction projects based on a system dynamics model |
| topic | prefabricated construction investment risk management system dynamics model |
| url | https://www.mdpi.com/2075-5309/7/3/83 |
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