seek a better performing product‚ or larger buildings at a cheaper price. The Construction Research and Innovation Strategy Panel (CRISP 1996) asserts that “the UK construction industry has one of the highest unit output costs in Europe‚ despite having one of the lowest unit input costs in terms of labour and materials”. While the validity of these claims cannot be verified and international comparisons of industry performance are notoriously difficult there can be no doubt that major clients are demanding
Premium Construction Architect
by Constantinos Antoniou “There is no general principle that prevents the creation of an economic theory based on other hypotheses than that of rationality” Kenneth Arrow (1986) Behavioural Finance relaxes the neoclassical assumption that investors consistently apply Bayes Rule when updating their expectations‚ and identifies the behavioural attributes that affect asset prices. This thesis extends this literature by examining deviations from the Bayesian model that arise due to i) ambiguity aversion
Premium Risk aversion
taught at 8:00 a.m. or a discussion-based class taught at 2:00 p.m. Her results reveal that students in the discussion-based class performed better than those in the lecture-based class. In this example the time that the class is taught could be considered a(n) _________ variable‚ making it impossible to establish a causal connection between teaching method and classroom performance. a) independent b) dependent * c) extraneous d) mediating
Premium Scientific method Research Experiment
Beginning with Science 02: Scientific Investigation For this assignment you will do two things: Part I: Evaluate one experimental design. (10 points) Part II: Design your own experiment using the scientific method. (40 points) Review each scenario below‚ and choose one to complete for your assignment. Each scenario contains specific questions that will ask you to provide examples‚ explain your suggestions for improvement‚ and refer to the lesson. Be sure to respond to each question in complete
Free Scientific method Hypothesis Theory
Training and Development Methods 1. Classroom Lecture Method: This is the most commonly used‚ simple‚ cost effective and conventional method. It is timesaving because it covers maximum number of people in a short period of time. It involves a speech by the instructor with very limited discussions. Clear and direct methods of presentation. Weaknesses of the method are that‚ lecture time is more than the normal human attention span of fifteen minutes and the contents of the lecture could be easily
Premium Training Apprenticeship Skill
JOMO KENYATTA UNIVERSITY OF AGRICULTURE AND TECHNOLOGY. INOORERO UNIVERSITY RESEARCH METHODOLOGY : ROTICH BENARD KIPKEMOI BOC-008-0312/2007 DATA COLLECTION METHODS Methods of data collection. The term data means groups of information that represent the qualitative or quantitative attributes of a variable or set of variables. Data are typically the results of measurements and can be the basis of graphs‚ images‚ or observations of a set of variables. Data are often viewed as the lowest
Premium Scientific method Research Data
CHAPTER 1 THE ROLE OF BUSINESS RESEARCH After studying this chapter‚ you should be able to 1. Understand how research contributes to business success 2. Know how to define business research 3. Understand the difference between basic and applied business research 4. Understand how research activities can be used to address business decisions 5. Know when business research should and should not be conducted 6. Appreciate the way that technology and internationalization are changing business research
Premium Research Decision making
ultimately lead to invalid results. Data collection methods for impact evaluation vary along a continuum. At the one end of this continuum are quantitative methods and at the other end of the continuum are Qualitative methods for data collection. A data collection instrument is a tool for monitoring or measuring an activity‚ behaviour or phenomena. It can be used to measure status‚ progress‚ shortcomings‚ performance‚ achievement‚ attitudes‚ or other particular attributes of the objects to be analysed
Premium Qualitative research Observation Scientific method
Mixed Method Designs (Quantitative and Qualitative) Agenda: Definition and Purpose Characteristics Types of Mixed Method Designs Strengths and weaknesses of Mixed Method Research Steps in Conducting a Mixed Method Research Study Criteria for evaluating a Mixed Method Design Mixed Method Design A mixed methods research design is a procedure for collecting‚ analyzing‚ and “mixing” both quantitative and qualitative research and methods in a single study to understand a research problem. To utilize
Premium Qualitative research Quantitative research Scientific method
Fuzzy TOPSIS method This is an approach based on the TOPSIS technique (Technique for Order Preference by Similarity to Ideal Solution) and the fuzzy set theory. The TOPSIS method is based on the concept that the optimum option has the least distance from the positive ideal solution. It is a linear weighting technique‚ which was first proposed‚ in its crisp version by Chen and Hwang(1992)‚ with reference to Hwang and Yoon(1981). Since then‚ this method has been widely adopted to solve MCDM problems
Free Decision making software Decision theory Decision making