DocumentCode
2140255
Title
Research on the Strategy of Construction Material Procurement When the Price Fluctuation Is Considered
Author
Yang Gaosheng ; Huang Ge ; Gao Hui
Author_Institution
Dept of Project Manage., Hohai Univ., Nanjing, China
fYear
2010
fDate
24-26 Aug. 2010
Firstpage
1
Lastpage
4
Abstract
Analyzed the contractor´s material procurement process and management, and put forward that the contractor should use the quantitative order methods to order the material. Ensure the material supply timely, at the same time, also considered the impact of price fluctuations, and accordingly two kinds of procurement adjustment strategy are given, which can make the procurement cost and total inventory cost achieve the lowest. Finally, though a case study validated the method usability. It can guide the procurement of construction materials effectively.
Keywords
building materials; costing; inventory management; procurement; construction material procurement; material procurement process; material supply; price fluctuation; procurement adjustment strategy; procurement cost; total inventory cost; Construction industry; Economics; Fluctuations; Logistics; Materials; Procurement; Steel;
fLanguage
English
Publisher
ieee
Conference_Titel
Management and Service Science (MASS), 2010 International Conference on
Conference_Location
Wuhan
Print_ISBN
978-1-4244-5325-2
Electronic_ISBN
978-1-4244-5326-9
Type
conf
DOI
10.1109/ICMSS.2010.5575829
Filename
5575829
Link To Document