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)

MARC details
000 -LEADER
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)
Holdings
Not for loan Home library Serial Enumeration / chronology Total Checkouts Date last seen Koha item type
  Periodical Section Vol.149, No.10(Oct.2023)   15/11/2023 Articles