Economic Attributes in Industrialised Building System in Malaysia

Shamsuddin, Siti Mazzuana; Zakaria, Rozana; Mohamed, Sarajul Fikri

doi:10.1016/j.sbspro.2013.11.009

Cited by 14 publications

(11 citation statements)

References 14 publications

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“…Precise expense appraisal is essential means that all the possible cost need to take into account not only in terms of monetary, but also non-monetary cost. [8] also stated that intangible cost is difficult to quantify and do not have firm value. Estimations of value are based on experience and assumption.…”

Section: Monetary Benefitsmentioning

confidence: 99%

“…The IBS method also promotes the current state in the industry on the growth towards sustainable construction. IBS is a sustainable construction that able to deliver built-up assets that enhance the quality of life, fulfils customer's satisfaction and maximise the efficient use of resources [8]. This is a rather remarkable rate compared to constructions without IBS operation.…”

Section: Overview Of Ibs In the Construction Industrymentioning

confidence: 99%

“…As such, the price used in a CBA could be the price given after adjusting for this distortion, also known as the 'shadow price' of the benefit [2]. Based on the analytical review on the CBA indicators from previous studies [2]- [3], [8]- [9], it was found that the indicators are generally divided into monetary (tangible) and non-monetary (intangible) benefits. However, there is no standard of criteria or indicators that are specifically allocated in accordance to the project category.…”

Section: Rationale Of Cba In Ibsmentioning

confidence: 99%

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Monetary and Non-Monetary Indicators of Cost-Benefit Analysis in Industrialised Building System Project: An Initial Conceptual Model

2019

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Industrialised Building System (IBS) is known as a construction system that consists of a combination of components manufactured either on-site or off-site then positioned and assembled into structures. Among the benefits of IBS construction includes labour cost reduction, support desirable environment, maximize efficient use of resources and waste minimisation towards sustainable construction. However, Malaysian construction industry still has a low take-up rate on IBS construction. Hence, to promote the project’s viability via IBS, ideally, the benefits of IBS are more reliable to be presented in tangible (monetary) value and intangible (non-monetary) basis rather than descriptive benefits. Therefore, Cost-Benefit Analysis (CBA) can be used in order to identify the soft issue or non-direct cost and elicits more transparency in IBS projects. This paper presents the conceptual review of the fundamental theory of CBA on the measurement of cost and benefits that can be converted as a weighing impact for an IBS project. An initial conceptual model known as CBA-IBS model is proposed as an approach that a decision maker can use to find the balance between the amount of effort invested in the initial cost of IBS construction and the realised revenues This study concluded that CBA is able to highlight the viability of IBS for construction in more comprehensive criteria of monetary and non-monetary benefits. This paper is a review of previous studies on monetary and non-monetary indicators of CBA that suit with IBS project. The study is supported by existing literature, primarily in the most recent research, which supports the indicators of CBA. From the literature reviews, sets of monetary and non-monetary indicators of CBA that related to IBS is obtained. The result of this study will provide novel ideas to optimize sustainable construction and prolong sustainability in design, financial, buildability, operation, life-cycle and environmental aspects. CBA-IBS model will be introduced as a theoretical basis for decision-makers in adopting IBS for their construction projects.

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Section: Monetary Benefitsmentioning

confidence: 99%

Section: Overview Of Ibs In the Construction Industrymentioning

confidence: 99%

Section: Rationale Of Cba In Ibsmentioning

confidence: 99%

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Monetary and Non-Monetary Indicators of Cost-Benefit Analysis in Industrialised Building System Project: An Initial Conceptual Model

2019

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“…However, even though the re-introduction of the IBS construction method has long been introduced and has promised to solve and improve the current construction process, IBS practices have still contributed to project delay and faces a difficult task in establishing the integration between parties (CIDB, 2010). Shamsudin et al, (2013) mentioned that the adoption of IBS also requires more fundamental changes to the conventional working practices and the relationship amongst the players due to industrialised construction. There was a strong belief that integration supply chains and industrialisation was the key to better building production and were critical for improving the performance of the construction industry with the goal of being more integrated.…”

Section: Literature Reviewmentioning

confidence: 99%

Integration of Supply Chain in IBS Construction

Shukor¹,

Halil²,

Mohammad³

et al. 2016

AjQoL

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To ensure the success of IBS construction, the research will look at the integration means and factors that helped to integrate the IBS supply chains. Findings from semi-structured interviews with key IBS supply chain players revealed, human and behavioural factors, supply chain process and exchange flow, supply chain structure and collaboration and the working environment should be developed amongst the IBS supply chains. The findings contribute enabling factors to improve integration within IBS supply chains in the construction environment in Malaysia.

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“…Other research offered a Sustainability Assessment Analysis of the companies that use different industrialized systems in the construction of housing of social interest in Brazil [13] Emphasize on the Modular System in construction industry has many strong benefits in promoting sustainability [14]. Shamsuddin et al [15] suggested strategies to strengthen and promotes broader adoption of sustainability in IBS construction, in Malaysia. According to Taherkhani [16], despite the better performance of the conventional method with regards to social concerns, IBS is the best ranked building system which can be utilized.…”

Section: Introductionmentioning

confidence: 99%

Evaluating the Success of Project Management Information Systems’ Comprehensive Planning in Industrialized Building Systems

Taherkhani

2018

CivileJournal

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The main reason for the failure of most of management information systems is referred to the problems that arise from management factors and strategic components, expectations, complexity, and risks. Finally, the main applicable proposal is giving importance by managers and analysts to the fit between organization and its information system as well as giving attention to training categories in implementation of information system, preparing financial supports and human resource in design, implementation, and development of information system, strengthening progressive factors, and weakening restrictive factors in organization by management to design or develop the system and finally, preparing organizational infrastructures to implement information system. Introduction of an information system has a strong managerial, organizational, and technological impact on industrial building methods. One of the objectives of this study was to identify and introduce key success factors of Project Management Information Systems (PMIS) in Industrialized Building Systems (IBS). The results of hypotheses showed that all dimensions of PMIS influence the performance of projects. But in the second phase of the study, sub-factors were classified using hierarchical analysis approach. This classification helps managers to identify the most important factors and obtain better results concentrating on the main factors compared with using PMIS.

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Economic Attributes in Industrialised Building System in Malaysia

Cited by 14 publications

References 14 publications

Monetary and Non-Monetary Indicators of Cost-Benefit Analysis in Industrialised Building System Project: An Initial Conceptual Model

Monetary and Non-Monetary Indicators of Cost-Benefit Analysis in Industrialised Building System Project: An Initial Conceptual Model

Integration of Supply Chain in IBS Construction

Evaluating the Success of Project Management Information Systems’ Comprehensive Planning in Industrialized Building Systems

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