System Dynamic Modeling to Study the Impact of Construction Industry Characteristics and Associated Macroeconomic Indicators on Workforce Size and Labor Retention Rate (Record no. 814335)
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000 -LEADER | |
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fixed length control field | 02970aab a2200217 4500 |
008 - FIXED-LENGTH DATA ELEMENTS--GENERAL INFORMATION | |
fixed length control field | 231115b20232023|||mr||| |||| 00| 0 eng d |
022 ## - INTERNATIONAL STANDARD SERIAL NUMBER | |
International Standard Serial Number | 0733-9364 |
100 ## - MAIN ENTRY--PERSONAL NAME | |
Personal name | Elbashbishy, Tamima |
9 (RLIN) | 878938 |
100 ## - MAIN ENTRY--PERSONAL NAME | |
Personal name | El-Adaway, Islam H. |
245 ## - TITLE STATEMENT | |
Title | System Dynamic Modeling to Study the Impact of Construction Industry Characteristics and Associated Macroeconomic Indicators on Workforce Size and Labor Retention Rate |
300 ## - PHYSICAL DESCRIPTION | |
Extent | 1-20 p. |
520 ## - SUMMARY, ETC. | |
Summary, etc. | Limited skilled labor has been one of the greatest challenges facing the construction industry. The COVID-19 pandemic has further exaggerated the already strained construction labor market, leading to an additional negative impact. One of the major contributors to skilled labor shortages in construction is the issue of labor retention. Overall, this is a complex and dynamic situation that requires effective and efficient simulation-based techniques to capture the interdependent relationships that affect the performance of the construction labor market. This paper fills this knowledge gap. To this end, the authors used a multistep research methodology that involved (1) identifying factors that affect skilled labor shortages; (2) developing a one-module system dynamics model that consists of three interconnected systems (namely, construction labor market system, industry characteristics system, and economic conditions system); (3) initializing and calibrating the model to simulate the construction labor market; (4) validating the model through structural, behavioral, and calibration tests; and (5) conducting sensitivity analysis to simulate different parameters and examine their impact on skilled labor shortage. Among other findings, results indicated that all scenarios were successful in improving the conditions of the skilled labor market by increasing the workforce size and labor retention rate. Further, the model demonstrated that economic indicators have a more impactful influence on labor retention patterns compared with industry characteristics. The developed model offers industry practitioners, policymakers, business analysts, and other associated stakeholders a useful tool to test various scenarios including national-level economic policies and labor retention regulations that affect the construction skilled labor market. Consequently, this allows users to analyze the impact of variables such as fiscal policies, economic support plans, and construction spending strategies. |
650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM | |
Topical term or geographic name entry element | System Dynamic Modeling |
9 (RLIN) | 878939 |
650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM | |
Topical term or geographic name entry element | Construction Industry Characteristics |
9 (RLIN) | 878940 |
650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM | |
Topical term or geographic name entry element | Macroeconomic Indicators |
9 (RLIN) | 878941 |
650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM | |
Topical term or geographic name entry element | Workforce Size |
9 (RLIN) | 878942 |
650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM | |
Topical term or geographic name entry element | Labor Retention Rate |
9 (RLIN) | 878943 |
773 0# - HOST ITEM ENTRY | |
Title | ASCE: Journal of Construction Engineering and Management |
International Standard Serial Number | 07339364 |
Place, publisher, and date of publication | Reston,Virginia, U.S.A : American Society of Civil Engineers/ American Concrete Institute |
856 ## - ELECTRONIC LOCATION AND ACCESS | |
Uniform Resource Identifier | <a href="https://doi.org/10.1061/JCEMD4.COENG-13410">https://doi.org/10.1061/JCEMD4.COENG-13410</a> |
942 ## - ADDED ENTRY ELEMENTS (KOHA) | |
Source of classification or shelving scheme | Dewey Decimal Classification |
Suppress in OPAC | No |
Koha item type | Articles |
-- | 14993 |
-- | Mr. Muhammad Rafique Al Haj Rajab Ali (Late) |
Not for loan | Home library | Serial Enumeration / chronology | Total Checkouts | Date last seen | Koha item type |
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Periodical Section | Vol.149, No.10(Oct.2023) | 15/11/2023 | Articles |