An empirical analysis of materials’ cost effect in the Malaysian housing market industry using deterministic method: Case of Klang Valley  

Oleh:

Moorthy, Rajeeshwaran

Jenis: Article from Proceeding
Dalam koleksi: SIBR-Thammasat 2014 Conference on Interdisciplinary Business & Economics Research June 5th- 7th, 2014 di Emerald Hotel Bangkok, page 1-35.
Topik: Gen Y; Leadership Theory; Great Man & Behavioral Theory.
Fulltext: b14-176.pdf (210.25KB)

Isi artikel

Materials are the essence in the construction industry. Material resource represents a substantial proportion of the total value of the project. A material management system includes the major functions needed in construction project, i.e. identifying, acquiring, storing, distributing and disposing of materials. Material planning may vary, depending on the project size, location, cash flow requirements, and procedure for purchasing and inspection. Regular supply of the material in proper quantity must be ensured. It is extremely important because late or irregular delivery or wrong type of material delivered during construction are major factors that contribute to the delay of a project. Also the effective utilization of manpower can be greatly enhanced by ensuring proper and sufficient availability of material.Hence, this study is aimed at investigating materials cost-related factors that cause an increase of housing market prices in Malaysian construction industry. However, the scope of this paper is limited to investigations in Klang Valley region only. There is a need to create a specific research model with the aim of identifying specific factors under the materials sector that also provide a more simplified divergent angle of reference. The proposed model is a “hybrid” version derived from existing model created by Carr (1989) which classifies materials’ costs into two; direct material cost and indirect material cost respectively. It was proposed in the end of the research that material cost does have an effect on the rising price of house in Malaysia.

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