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Need for Indices to Assess Health of the Construction Industry

机译：需要指数评估建筑业的健康

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The Architectural/Engineering/Construction (AEC) industry comprises a large portion of the global economy, contributing significantly to gross domestic product (GDP) and employment. Entangled with crucial upstream and downstream industries, the AEC also plays an important role in the global supply chain; and monitoring the trajectory of the industry is therefore important for the individuals who are directly or indirectly involved in the industry. Nevertheless, analysts are deprived of tools specifically devised to evaluate the health of what we will now refer to generally as the construction industry. The available indices are essentially finance-driven and generic, disregarding the specific characteristics of the construction industry. Construction is known as a high risk, capital and asset intensive industry, involving large-scale projects with longer payback periods. This paper reports on the preliminary results of ongoing research at Purdue University, which would lead to the development of specific construction industry health indices. This research investigates the existing indices applied within the industry to identify gaps in the current literature and, most importantly, proposes a multi-dimensional definition of health for the industry. The interim outcome of the research is a methodological prototype that can be applied by decision-makers to develop indices that indicate current health of the industry. The final developed prototype could be applied to enhance protocols for strategic planning.
机译：建筑/工程/建筑（AEC）行业包括一大部分全球经济，促进国内生产总值（GDP）和就业。 AEC在全球供应链中发挥着重要作用，纠缠于重要的上游和下游产业;因此，监测行业的轨迹对于直接或间接参与该行业的个人是重要的。尽管如此，分析师被剥夺了专门设计的工具，以评估我们现在所示的健康状况通常是建筑业。可用指标基本上是融资和通用的，无视建筑业的具体特征。建筑被称为高风险，资本和资产密集型行业，涉及具有更长回收期的大型项目。本文报告了普渡大学正在进行的研究初步结果，这将导致特定建筑业健康指标的发展。本研究调查了行业内应用的现有索引，以确定当前文学中的差距，最重要的是为行业提出了一种多维的健康定义。该研究的临时结果是一种方法论原型，可以通过决策者应用，以开发表明当前行业健康的指标。最终开发的原型可用于增强战略规划方案。

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