Selection of construction enterprises management strategy based on the SWOT and multi-criteria analysis

The paper proposes a methodology for determining management strategies in construction enterprises. For this purpose, the SWOT (Strengths, Weaknesses, Opportunities and Threats) analysis as an instrument for formulating management strategies is recommended. The best practices for this reason are also analysed. The algorithm helps to select the most preferable strategies based on the AHP, expert judgment and permutation method of feasible alternatives. A perspective of construction enterprises management regarding the SWOT is carried out on a basis of selected description of the current state and the feasible future alternatives. Finally, the selected alternatives are ranked according to the permutation method of feasible alternatives. The case study shows the applicability of the proposed model to the real management problems solution.

[1]  Valentinas Podvezko,et al.  Complex evaluation of contracts for construction , 2010 .

[2]  Sepehr Ghazinoory,et al.  Swot Methodology: A State-of-the-Art Review for the Past, A Framework for the Future , 2011 .

[3]  Saumyendu Ghosh,et al.  Enterprise resource planning systems implementation as a complex project: A conceptual framework , 2010 .

[4]  P. Dwivedi,et al.  Stakeholders’ perceptions on forest biomass-based bioenergy development in the southern US , 2009 .

[5]  Henrikas Sivilevičius,et al.  Modelling the interaction of transport system elements , 2011 .

[6]  Zilla Sinuany-Stern,et al.  An AHP/DEA methodology for ranking decision making units , 2000 .

[7]  Edmundas Kazimieras Zavadskas,et al.  The concept of the ideal indoor environment in multi-attribute assessment of dwelling-houses , 2011 .

[8]  V. Podvezko,et al.  Evaluating the changes in economic and social development of Lithuanian counties by multiple criteria methods , 2009 .

[9]  H. Weihrich Analyzing the competitive advantages and disadvantages of Germany with the TOWS Matrix ‐ an alternative to Porter’s Model , 1999 .

[10]  Edyta Plebankiewicz Construction contractor prequalification from polish clients’ perspective , 2010 .

[11]  Edmundas Kazimieras Zavadskas,et al.  Contractor selection for construction works by applying saw‐g and topsis grey techniques , 2010 .

[12]  Seyed Hassan Ghodsypour,et al.  Using AHP and L.P. for choosing the best alternatives based the gap analysis , 2007, Appl. Math. Comput..

[13]  Peter Maydl,et al.  Stahl im Hochbau - ein nachhaltiger Werkstoff? , 2007 .

[14]  Edmundas Kazimieras Zavadskas,et al.  Model of Construction Design Projects' Managers Qualifying by Applying Analytic Hierarchy Process and Bayes Rule , 2009 .

[15]  Cengiz Kahraman,et al.  Application of axiomatic design and TOPSIS methodologies under fuzzy environment for proposing competitive strategies on Turkish container ports in maritime transportation network , 2009, Expert Syst. Appl..

[16]  Honggang Wang,et al.  Empirical Evaluation of Classifiers for Software Risk Management , 2009, Int. J. Inf. Technol. Decis. Mak..

[17]  Valentinas Podvezko,et al.  Research On the Quality of Passenger Transportation By Railway , 2009 .

[18]  Beyza Ahlatçioglu Ozkok,et al.  Fuzzy portfolio selection using fuzzy analytic hierarchy process , 2009, Inf. Sci..

[19]  Edmundas Kazimieras Zavadskas,et al.  Multi-Attribute Decision-Making Model by Applying Grey Numbers , 2009, Informatica.

[20]  Edmundas Kazimieras Zavadskas,et al.  Risk assessment of construction projects , 2010 .

[21]  Ching-Lai Hwang,et al.  Multiple Attribute Decision Making: Methods and Applications - A State-of-the-Art Survey , 1981, Lecture Notes in Economics and Mathematical Systems.

[22]  Birute Galiniene,et al.  A strategic management model for economic development , 2008 .

[23]  Y. Çelik,et al.  BENEFIT/COST ANALYSIS OF MUSHROOM PRODUCTION FOR DIVERSIFICATION OF INCOME IN DEVELOPING COUNTRIES , 2009 .

[24]  Rudolf Grünig,et al.  Successful Decision-Making: A Systematic Approach to Complex Problems , 2005 .

[25]  Min Xie,et al.  On modeling dynamic priorities in the analytic hierarchy process using compositional data analysis , 2009, Eur. J. Oper. Res..

[26]  Miroslaw J. Skibniewski,et al.  Evaluation of Advanced Construction Technology with AHP Method , 1992 .

[27]  Hayato Yoshioka,et al.  Quantitative SWOT analysis on global competitiveness of machine tool industry , 2006 .

[28]  Laura Salciuviene,et al.  Factors determining creation of competitive advantages in the subsidiaries of international enterprises , 2008 .

[29]  Karel Skokan Technological and Economic Development of Economy , 2011 .

[30]  Thomas L. Saaty,et al.  Decision making for leaders , 1985, IEEE Transactions on Systems, Man, and Cybernetics.

[31]  Thomas L. Saaty,et al.  Multicriteria Decision Making: The Analytic Hierarchy Process: Planning, Priority Setting, Resource Allocation , 1990 .

[32]  Henrikas Sivilevičius,et al.  Application of Expert Evaluation Method to Determine the Importance of Operating Asphalt Mixing Plant Quality Criteria and Rank Correlation , 2011 .

[33]  Heinz Weihrich,et al.  The TOWS matrix—A tool for situational analysis , 1982 .

[34]  Edmundas Kazimieras Zavadskas,et al.  Multiple criteria analysis of foundation instalment alternatives by applying Additive Ratio Assessment (ARAS) method , 2010 .

[35]  Edmundas Kazimieras Zavadskas,et al.  Contractor selection of construction in a competitive environment , 2008 .

[36]  Sławomir Biruk,et al.  Assessing contractor selection criteria weights with fuzzy AHP method application in group decision environment , 2010 .

[37]  Smaranda Stoenescu Cimpoeru,et al.  Neural networks and their application in credit risk assessment. Evidence from the Romanian market , 2011 .

[38]  Gintaras Šaparnis,et al.  Imperatives for Enterprise Strategists , 2009 .

[39]  Zhengxin Chen,et al.  Classifying Credit Card Accounts for Business Intelligence and Decision Making: a Multiple-criteria Quadratic Programming Approach , 2005, Int. J. Inf. Technol. Decis. Mak..

[40]  Chun-Teh Lee Selecting Technologies for Constantly Changing Applications Markets , 2010 .

[41]  Abdol S. Soofi,et al.  A new definition and framework for the development of a national technology strategy: The case of nanotechnology for Iran☆ , 2009 .

[42]  C. F. Kossack,et al.  Rank Correlation Methods , 1949 .

[43]  Mehmet Emre Bayraktar,et al.  A decision support system for selecting the optimal contracting strategy in highway work zone projects , 2009 .

[44]  Zenonas Turskis,et al.  Multi‐attribute contractors ranking method by applying ordering of feasible alternatives of solutions in terms of preferability technique , 2008 .

[45]  Reza Tavakkoli-Moghaddam,et al.  Make-to-order or make-to-stock decision by a novel hybrid approach , 2008, Adv. Eng. Informatics.

[46]  Shuliang Li,et al.  Hybridising human judgment, AHP, simulation and a fuzzy expert system for strategy formulation under uncertainty , 2009, Expert Syst. Appl..

[47]  Ya Tang,et al.  Application of Analytic Hierarchy Process‐Grey Target Theory Systematic Model in Comprehensive Evaluation of Water Environmental Quality , 2010, Water environment research : a research publication of the Water Environment Federation.

[48]  Amir Saman Kheirkhah,et al.  Developing Strategies to Reduce the Risk of Hazardous Materials Transportation in Iran Using the Method of Fuzzy SWOT Analysis , 2009 .

[49]  Edmundas Kazimieras Zavadskas,et al.  Automation and robotics in construction: International research and achievements , 2010 .

[50]  Florence Yean Yng Ling,et al.  Strengths, Weaknesses, Opportunities, and Threats: Case Study of Consulting Firms in Shenzhen, China , 2009 .

[51]  Edmundas Kazimieras Zavadskas,et al.  Multi-criteria decision making of management effectiveness of construction enterprises based on the SWOT and MCDM , 2010 .

[52]  Ozcan Arslan,et al.  A SWOT analysis for successful bridge team organization and safer marine operations , 2008 .

[53]  Valentinas Podvezko,et al.  Quantitative evaluation of the organisation of manufacturing and technological processes , 2009, Int. J. Technol. Manag..

[54]  Jean H. P. Paelinck,et al.  Qualitative multiple criteria analysis, environmental protection and multiregional development , 1976 .

[55]  Livia Naghiu,et al.  National Strategy for production and use of biofuels: a SWOT analysis. , 2008 .

[56]  Heidrun Leitner,et al.  Success in local supply chains for organic products - strengths, weaknesses, opportunities and risks for local supply chains for organic cereals and bread. , 2009 .

[57]  Romualdas Ginevičius,et al.  The effectiveness of cooperation of industrial enterprises , 2010 .

[58]  Kuo-liang Lee,et al.  A fuzzy quantified SWOT procedure for environmental evaluation of an international distribution center , 2008, Inf. Sci..

[59]  Cengiz Kahraman,et al.  A fuzzy approach to e-banking website quality assessment based on an integrated AHP-ELECTRE method , 2011 .

[60]  S. Jackson,et al.  Recent Research on Team and Organizational Diversity: SWOT Analysis and Implications , 2003 .

[61]  Amir Saman Kheirkhah,et al.  Transportation of Hazardous Materials in Iran: A Strategic Approach for Decreasing Accidents , 2008 .

[62]  A. Memariani,et al.  Fuzzy SWOT analysis , 2007, J. Intell. Fuzzy Syst..

[63]  Norita B. Ahmad,et al.  Using the Analytical Hierarchy Process (AHP) to Construct a Measure of the Magnitude of Consequences Component of Moral Intensity , 2009 .

[64]  Natalya D. Pankratova,et al.  Definition of Indicators of Sustainable Development of the Coastal Zone of the Crimea Autonomous Republic with the Context of Regional Priorities , 2009 .

[65]  Edmundas Kazimieras Zavadskas,et al.  Modeling of Contractor Selection Taking into Account Different Risk Level , 2008 .

[66]  Jae-Jun Kim,et al.  Strategies for Developing Countries to Expand Their Shares in the Global Construction Market: Phase-Based SWOT and AAA Analyses of Korea , 2011 .

[67]  Saulius Gudas,et al.  Enterprise knowledge modelling: Domains and aspects , 2009 .

[68]  Jordan Pop-Jordanov,et al.  SWOT analyses of the national energy sector for sustainable energy development , 2009 .

[69]  Florence Yean Yng Ling,et al.  Strengths, Weaknesses, Opportunities, and Threats for Architectural, Engineering, and Construction Firms: Case Study of Vietnam , 2009 .

[70]  M. Kendall Rank Correlation Methods , 1949 .

[71]  William Ho,et al.  Integrated analytic hierarchy process and its applications - A literature review , 2008, Eur. J. Oper. Res..

[72]  Eric Kong,et al.  The Development of Strategic Management in the Non-Profit Context: Intellectual Capital in Social Service Non-Profit Organizations , 2008 .

[73]  Denise Bower,et al.  Forms of Collaboration and Project Delivery in Chinese Construction Markets: Probable Emergence of Strategic Alliances and Design/Build , 2005 .

[74]  Jian Zuo,et al.  Performance and Strategy of Chinese Contractors in the International Market , 2009 .

[75]  Edmundas Kazimieras Zavadskas,et al.  Sustainable Assessment of Construction Site by Applying Game The , 2010 .

[76]  Ren-Jye Dzeng,et al.  A study of ontology-based risk management framework of construction projects through project life cycle , 2009 .

[77]  R. Weiner Lecture Notes in Economics and Mathematical Systems , 1985 .

[78]  Koen Vanhoof,et al.  A knowledge-based SWOT-analysis system as an instrument for strategic planning in small and medium sized enterprises , 1999, Decis. Support Syst..