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Profitability performance assessment in the Australian construction industry: a global relational two-stage DEA method

Hu, Xiancun and Liu, Chunlu 2016, Profitability performance assessment in the Australian construction industry: a global relational two-stage DEA method, Construction management and economics, vol. 34, no. 3, pp. 147-159, doi: 10.1080/01446193.2016.1180415.

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Title Profitability performance assessment in the Australian construction industry: a global relational two-stage DEA method
Author(s) Hu, Xiancun
Liu, ChunluORCID iD for Liu, Chunlu orcid.org/0000-0003-1144-4355
Journal name Construction management and economics
Volume number 34
Issue number 3
Start page 147
End page 159
Total pages 13
Publisher Taylor & Francis
Place of publication London, Eng.
Publication date 2016-06
ISSN 0144-6193
1466-433X
Keyword(s) Australia
data envelopment analysis
global benchmark
profitability performance
Summary Effective performance measurement drives performance and supports the development of construction. Only minimal literature measuring construction performance, efficiency and effectiveness simultaneously can be identified. A global relational two-stage data envelopment analysis (DEA) method is here proposed in order to produce effective and informative performance results. A relational two-stage DEA method systematically measures overall efficiency for a whole construction system and also yields scores for the individual stages of construction. The DEA results can be directly compared through global benchmark technology. The Australian construction industry is employed in order to implement the new method, in which profitability performance as a vital indicator of business survival, and its two dimensions of efficiency and effectiveness, are measured. The construction profitability performance and efficiency measures obtained provide evidence of underperformance and a slight imbalance in Australia between 1991 and 2012, while the measures obtained for the effectiveness factor indicate better achievement. The approach here developed promotes progress in modelling two-stage performance measurement and it can be replicated worldwide by construction projects, organizations or industries in order to quantify their performance, identify internal inefficiency components and recognize competitive advantages for promoting sustainable development.
Language eng
DOI 10.1080/01446193.2016.1180415
Field of Research 120201 Building Construction Management and Project Planning
Socio Economic Objective 970112 Expanding Knowledge in Built Environment and Design
HERDC Research category C1 Refereed article in a scholarly journal
ERA Research output type C Journal article
Copyright notice ©2016, Taylor & Francis
Persistent URL http://hdl.handle.net/10536/DRO/DU:30084151

Document type: Journal Article
Collection: School of Architecture and Built Environment
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Created: Fri, 10 Jun 2016, 15:05:02 EST

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