Publications / 2000 Proceedings of the 17th ISARC, Taipei, Taiwan
Based on the characteristics of highly specialized corporation in construction industry, it's a very crucial and important practice to select appropriate subcontractors to implement specific subprojects. In this research, the overall subcontracting supply chain of a construction project is considered as a global procurement system and an optimal combination of subcontractors can be obtained within this system. Combined the quick response mechanism of information technology with investment portfolio theory in financial management, an integrated XML/XSL of Accelerated Subcontracting And Purchasing (ASAP) model was proposed. The ultimate goal of this study is to develop a web-based decision support system for general contractors to accurately decide an appropriate trade-off between risk and revenue for different subcontracting combinations through omnipresent internet.