• 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