System Dynamic Theoretical Framework for Construction Management: Baltic State Case
2022
Toms Širovs

As a result of the rapid development of the construction industry, in recent years, research has increasingly used system dynamics (SD) modelling to determine the positive and negative causal feedback in various management processes. Given SD's diverse approach to the management of construction companies and projects, it would be necessary to develop a framework for a system dynamics model (SDM), providing a systematic understanding of their distribution. Using Clarivate analytics data, the study provides the results of a systematic analysis of 79 selected scientific literature sources, from 1991 to 2020. The obtained information is structured according to the annual volume of publications, country of affiliation, the most successful authors and the most popular scientific journals on the topic of the SD. With the assistance of bibliometric analysis and co-occurrence of keywords, system dynamics management processes in construction companies were structured, choosing it as separate elements: (1) project planning, (2) project management, (3) risk management, (4) project performance, (5) project productivity, (6) Sustainability. Using a systematic approach, according to the framework of the model, the characteristics of each management process were classified, dividing them into subgroups. The results of the analysis show that the overview of some SD components or processes is mostly provided, which emphasizes its aspects and usability in company management, which indicates the need to identify the framework of the process module. The introduction of the SD process framework in the company would be able to gradually create a competitive advantage in market conditions.


Keywords
Company management processes, system dynamic, system dynamic models, system dynamic model framework
DOI
10.2478/bjreecm-2022-0008
Hyperlink
https://sciendo.com/article/10.2478/bjreecm-2022-0008

Širovs, T. System Dynamic Theoretical Framework for Construction Management: Baltic State Case. Baltic Journal of Real Estate Economics and Construction Management, 2022, Vol. 10, No. 1, pp.113-128. ISSN 2255-9671. Available from: doi:10.2478/bjreecm-2022-0008

Publication language
English (en)
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