School of Construction Economics and Management (Journal Articles)

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Browsing School of Construction Economics and Management (Journal Articles) by School "School of Construction Economics and Management"

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    Contractor's plant: whether to buy or to lease?
    (University of the Free State, 1997) Muller, Marius M.
    This article comments on the concepts of buying versus leasing in terms of decision-making theory regarding the procurement of contractor's plant. It was found that leasing offered the better option in the worked example presented herein, but that every plant buying or lease decision would have to be made individually on proven calculation and on merit. In hierdie ortikel word die bestoonde opsies behondel woorvoor die boukontrokteur te stoon kom wonneer hy toerusting oonskof. Die vroog is: moet hy huur of koop. Uit die voorbeeld wot hier oongehool word blyk dit dot huur 'n beter opsie bied. Dit is egter ook boie duidelik dot elke gevol meriete het en dus individueel bekyk moet word. Kostes moet teen mekoor opgeweeg word. verol met die kontrokteur se doelwit voor oe.
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    Expert systems : the fifth generation -more than a genealogical pursuit
    (University of the Free State, 1995-12) Muller, Marius M.
    This paper describes the nature of Expert Systems and outlines their possible use in the field of building economics. Their usefulness in terms of quantification of uncertainty is also examined. It was found that the benefits of developing Expert Systems are tremendous, but that the success of Expert Systems would be determined by their acceptance by the general public.
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    Investing in the Future: A Comparative Analysis of Green Technology Investments and Youth Unemployment in the US and South Africa
    (Common Ground, 2024-05-14) Weaich, Malcolm; Weaich, Sherwyn; Simbanegavi, Prisca; Ndlovu, Pride
    This study explores the nuanced relationship between sustainable investments, particularly from entities such as the United States (US), and their impact on unemployment trends in South Africa, contributing to discussions on sustainable development goals (SDGs). Utilizing a quantitative approach with data from sources such as the World Bank and Statistics SA, this study employs statistical and econometric methods to assess the socioeconomic consequences of international sustainability funding. The findings indicate a significant link between US sustainable investments and youth unemployment in South Africa, challenging and reinforcing existing research. It depicts that while foreign investments in green initiatives are crucial, they may inadvertently affect local employment negatively. This study recommends policy adjustments in both US and South African legislation to align foreign investments with SDGs, aiming to mitigate youth unemployment. This study underscores the importance of understanding the implications of international funding conditions on local economies, offering insights for policymakers and scholars to develop strategies that leverage sustainable investments for economic growth and employment opportunities. This study provides a fresh perspective on the dynamics between international investments and local unemployment, offering valuable insights for economic planning and policy formulation in South Africa and across other African nations.
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    The role of education as an agent of change: a two fold effect
    (1997) Muller, Marius M.; Hindle, R.D.
    Several aspects of change to the procedures in the construction delivery process have been described in recent times, particularly those affecting building procurement systems. This paper describes the results of an investigation into one of the underlying causes of such change, particularly that which is affecting the traditional roles of the various parties that participate in the construction procurement process. It is proposed that one of the 'agents' of change is the product of tertiary education programmes that have been producing 'professional builders'. It describes how a new generation of builders, equipped with business skills and an inherent dissatisfaction with the traditional structure and procedures of the industry, are allowing leading construction companies to develop innovative construction marketing strategies and systems. These systems are based upon sound business practice, offer improved customer satisfaction and allow them to get closer to customers. In so doing they are taking over the roles of various built environment consultants who were principal agents and leaders in the traditional building procurement system.