bluuebunny/crossref_metadata_2025_split huggingface dataset:
The housing finance system in Turkey
Authors: Gülter Hamza , Basti Eyup 
Published: August 2014

Purpose– The purpose of this paper is to review the housing sector of Turkey and present the housing development strategies developed by government enterprises for the urban poor in Turkey as successful examples.Design/methodology/approach– The methodology of the paper is descriptive. First of all, the literature on housing finance systems and sources of housing finance are stated. Then, the paper reviews housing finance systems applied in Turkey in the past to solve housing problems. Later, it describes current housing strategy to solve housing problems of low- and middle-income groups and also presents this strategy as a successful model to other countries. Moreover, mortgage law and the current situation of the Turkish housing sector are discussed within the study.Findings– As a result of economic normalization achieved after 2002, mortgage loans extended by commercial banks have increased in Turkey. Besides, governmental institutions, such as Housing Development Administration of Turkey (HDAT) and Istanbul Public Housing Corporation (KIPTAS), apply very extensive projects to allow low- and middle-income groups to have their dwellings. In 2007, the Turkish Parliament enacted mortgage law and defined rules and actors of the mortgage sector. However, as a consequence of economic deterioration in the world economy, mortgage loan receivables-backed securities could not be issued to public yet. Public issuance of mortgage loan receivables-backed securities in the future are expected to direct more long-term funds to the housing sector and also to provide an additional investment instrument for the individual and institutional investors.Originality/value– The housing production and finance models developed by the HDAT and KIPTAS can be good models for the solution of housing problems of urban poor in other countries.
Modelling the supply of new residential construction in Aberdeen, UK
Authors: Owusu-Ansah Anthony 
Published: August 2014

Purpose
– The purpose of this paper is to use local-level time series data to examine the determinants of housing starts and the price elasticity of supply for the Aberdeen local housing market.

Design/methodology/approach
– Seven time series models are used in the analysis. The basic model treats housing starts as a function of the changes of current and lagged house prices, interest rate and construction cost. The other six models which are extensions of the basic model include other variables like time on the market, planning constraints and future expectations.

Findings
– It is found that the local variables – changes in house prices, time on the market, planning regulation, lagged stock and lagged and future housing starts – are the main factors that influence new residential construction in Aberdeen. None of the national variables is significant, confirming the importance of limiting housing market analysis to the local level. The price elasticity of supply estimated is in the range of 2.0 to 3.2 for housing starts and 0.01 to 0.02 for housing stock. These estimates are higher than most of the elasticities for the other UK local markets.

Originality/value
– There is the need to better understand the supply of housing at the various local housing markets. Unfortunately, however, most housing supply studies use national data. Because national data are aggregation of local data, using national studies results for local markets may be uninformative. Also, the few existing local studies use typically cross-section data or at least time series over relatively short time spans. This paper makes an effort to use quarterly time series data over a 25-year period for a local market and also include a planning variable which is different from local markets and often ignored in national or regional studies.
Metaphor as a means to constructively influence behavioural interactions in project teams
Authors: W. Shelley Arthur , Maqsood Tayyab 
Published: August 2014

Purpose
– The paper summarises the scope, methodology and main findings of a PhD thesis about how the use of metaphor can be used to constructively influence project team behaviours. The purpose of this paper is to inform other candidates on the experience of the research journey using action research in a project environment and highlight how creative metaphor can stimulate relationship building in team environments.

Design/methodology/approach
– The research approach that was used in the thesis is described in this paper. Candidate and supervisor reflections are shared on how the thesis journey process was experienced, including some of the challenges of doing academic research in a practitioner environment.

Findings
– This research provides a simple and pragmatic reflective model that enables leaders and team members to increase the awareness of opportunities for collaborative behaviours. Facilitating creative metaphor conversations around model engages team members and leads them towards understanding how behavioural awareness can improve performance outcomes.

Practical implications
– This paper provides insights into how simple and fun behavioural interactions can be used to enhance the performance of project teams. Implementing the intuitive metaphorical conversations will enable team leaders to leverage behavioural diversity as an asset rather than be a victim of it. Managers and leaders in all organisations have experienced the difficulties of inappropriate behaviours that have led to suboptimal performance, stress or outright conflict. Research candidates and supervisors will find this methodology an interesting option to conduct pragmatic research that is also robust.

Social implications
– Behaviour can be an asset or a liability in projects. This approach helps to leverage behaviour in a constructive way and decreases the likelihood of behavioural challenges and conflict in project teams and with stakeholders.

Originality/value
– For the practice of project management the Reflective Performance Cycle is a unique model that can be used as a practical tool to build relationships in teams. From a social research perspective the research design and data interpretation process are new innovative ways to generate data and insights that are both robust and relevant, enabling more effective dialogue between researchers and practitioners.
The need for a project governance body
Authors: Hjelmbrekke Hallgrim , Lædre Ola , Lohne Jardar 
Published: August 2014

Purpose
– From a project owner's perspective, it is obvious that a project shall contribute to achieving the organisation's strategic goals. The purpose of this paper is to find out what project owners can do to ensure value creation in their projects, what owners actually do in the few cases in which they are actively involved in ensuring value creation and what is the result of their choice.

Design/methodology/approach
– The authors have analysed 12 projects in the Norwegian construction industry, using a qualitative approach. A general business framework for understanding projects has been applied in order to identify possible shortcomings and success factors. The authors have used semi-structured in-depth interviews combined with questionnaires for data collection.

Findings
– The study reveals an absence of project strategy, resulting in projects which only to a small extent achieve strategic goals. This lack of strategic perspective in project management is also recognised by the research literature as a common tendency. Traditional project management approaches concentrate on time, cost and quality, instead of on providing strategic success. Based on business literature, the authors identify the value proposition and the customer value proposition as being essential.

Practical implications
– The authors recommend construction project owners – as described in the literature – to appoint a project sponsor responsible for communicating a value proposition and business rationale to the project supplier. The sponsor should also be responsible for aligning the suppliers’ customer value proposition with the owner's strategy. The authors recommend that the project sponsor be supported by a project governance body. This will help project owners to ensure value creation in their projects, as described in the literature. The authors pinpoint a need for bridging theory and practice.

Originality/value
– The originality of the paper lies in introducing insights from business literature to the construction industry. In the value proposition the owner defines the benefits the project is to provide. The customer value proposition is the statement where the supplier aligns the proposed project output with the project owner's needs. The project governance body is responsible for ensuring this communication process.
Client-side project management capabilities: dealing with ethical dilemmas
Authors: Walker Derek , Lloyd-Walker Beverley 
Published: August 2014

Purpose– The purpose of this paper is to present results and analysis from a case study on ethical dilemmas faced by client-side project management employees of a large Australian University.Design/methodology/approach– A single case study approach was adopted using the property services division's experience of potential ethical dilemmas that staff were exposed to as a focus for the unit of analysis. Data were triangulated by interviewing the Deputy Director of the division, a programme manager, a project manager and a client (stakeholder) with experience of dealing with the division. Each person was interviewed and the interview transcribed and analysed using grounded theory to make sense of the data.Findings– Four potential ethical dilemmas were identified: fraud/bribery/corruption; favouritism and special treatment; occupational health and safety and duty of care; and professionalism and respect for others. Leadership, governance structure and (organisational and national) culture supported initiative and independent thinking through cause-and-effect loops and consequences and this meditated and influenced how these dilemmas were dealt with.Research limitations/implications– This was just one case study in one cultural and governance setting. Greater insights and confidence in conclusions could be gained with replication of this kind of study. This study was part of a broader study of ethics in project management (PM) that consisted of eight other cases studies by others in the wider research team, also a quantitative study has been undertaken with results to be presented in other papers/reports. The main implication is that governance and workplace culture are two key influences that moderate and mediate an individuals inherent response to an ethical dilemma.Practical implications– Clients (project owners or POs) and their representatives (PORs) hold a pivotal role in ensuring that PM work takes place within an environment characterised by high ethical standards yet the authors know that all PM parties, including client-side PORs, are faced with ethical dilemmas. What do the authors mean by an “ethical dilemma” and how may POs ensure that their PORs behave ethically? This paper provides practical guidance and demonstrates how ethical dilemmas can be analysed and appropriate action taken.Social implications– Ethics in PM has profound implications for value generation through projects. Project managers need sound guidance and processes that align with society's norms and standards to be able to deliver project value so that commercial or sectarian interests do not dominate project delivery at the expense of society in general.Originality/value– This paper provides a rare example of a case study of project teams facing ethical dilemmas. The PM literature has few cases such as this to draw upon to inform PM theory and practice.
Ethics in project management: some Aristotelian insights
Authors: Bredillet Christophe 
Published: August 2014

Purpose– The purpose of this paper is to introduce, in the project management field, an Aristotelian ethics lens moving beyond the classical deontological and consequentialism approaches underlying the current ethical practices and codes of ethics and professional conducts. In doing so, the author wishes to pose the premises of a debate on the implications of a conscious ethical perspective for the structure and agency relationship within the project management field.Design/methodology/approach– Project management is a knowledge field on its own right. However, the current perspectives applied to make sense and develop the field (modernism vs postmodernism) leads to dichotomous thinking rather than recognizing the merits and contextual validity of both sides. The author calls for Aristotelian ethics as a way of moving beyond this dichotomous thinking. The author introduces briefly Aristotelian ethics and its consequences in term of relation theory – practice, means and ends, facts and values and finally politics (i.e. being part of a community of practitioners). Then the author illustrates some consequences for the field taking PMI Code of Ethics and Professional Conduct and APM Code of Professional Conduct as supports for discussion.Findings– The author suggests a need for revisiting and/or redesigning the codes of ethics and professional conducts for project management according to an Aristotelian perspective, in order to move beyond the normative limitations of classical deontological (conflict between competing duties, exemplified by PMI Code) or consequentialism (focusing on the “right” outcome to the detriment of duties, exemplified by APM Code) approaches (both, in fact, leading to a disconnection means and ends, and facts and values). This implicates shifting the view from the question “what is my duty”? to the questions “why should I undertake my duty”? and “how ought I act in this situation”?Practical implications– Raising professional bodies, industry and education institutions awareness and consciousness and leading them to rethink about codes of ethics and the implications for the way they conceive practice and research, bodies of knowledge, credentialing, education, etc.Originality/value– To the best of the author's knowledge, this kind of discussion has not yet been conducted within the project management field, and considering the implication of project management in the life and for the well-being of the society, an ethical debate may present some value(s).
Sensitivity analysis in an imperfect substitutes model of preferential trade
Authors: A. Reinert Kenneth 
Published: August 2014

Purpose– The purpose of this paper is to develop a formal representation of the imperfect substitutes model (ISM) of partial equilibrium, trade policy analysis and to conduct sensitivity analysis on the behavioral parameters of the model.Design/methodology/approach– The paper develops an ISM in a manner that is conformable to more complex, applied general equilibrium models of trade policy analysis.Findings– The paper presents a set of sensitivity analyses on key behavioral parameters for a better understanding of the model's properties.Research limitations/implications– Sensitivity analysis on the values of behavioral parameters in ISMs needs to be conducted by trade policy modelers.Practical implications– The ISM is made more explicit here than in most representations, something that will be of great use to practitioners.Originality/value– While widely used in trade policy circles, the ISM is rarely explicitly formulated, nor the role of its behavioral parameters explored.
Modeling and optimization of road transport facility operations
Authors: H.F. Chow Andy , Li Ying 
Published: August 2014

Purpose
– This paper aims to present a linear mathematical framework for modeling and optimizing road transport infrastructure. The framework assesses and optimizes performance of existing transport facility rather than relying on building new roads for the ever-increasing travel demand.

Design/methodology/approach
– The mathematical framework is built upon a traffic model called Cell Transmission Model (CTM). CTM describes the relationship and evolution of traffic flow and concentration over space and time. The model is parsimonious and accurate in predicting traffic dynamics. More importantly, the traffic flow model is piecewise linear with which the corresponding transport facility optimization problem can be formulated as a Linear Programming (LP) problem and solved by established solution algorithm for global optimality.

Findings
– We select a section on England Motorway M25 as a case study. With traffic data, we first calibrate the CTM, and we are able to produce traffic estimation with a reasonable error rate of 12 per cent. The corresponding LP then seeks an optimal ramp metering strategy that minimizes the delay on the motorway. It is shown that an optimal and practical strategy can be derived which reduces the motorway delay by 10 per cent without significantly hurting the surrounding connectors.

Originality/value
– Instead of the tedious microscopic models used by many traditional tools, the underlying CTM is parsimonious and reliable. The tools developed herein are based upon plausible traffic theory and will be accessible for a wide range of users. The LP formulation can be easily implemented and solved for optimal and practical control strategies for real-world transport networks by using existing computer software (CPLEX) within reasonable computational time. The present work will certainly contribute to the sustainable development of transport facility.
Building integrated project and asset management teams for sustainable built infrastructure development
Authors: K.W. Wong Kelwin , Kumaraswamy Mohan , Mahesh Gangadhar , Y.Y. Ling Florence 
Published: August 2014

Purpose– This paper aims to investigate the relevance of the relationally integrated value networks (RIVANS) concept for integrating project management (PM) and asset management (AM) for total asset management (TAM). The specific objectives are to test the RIVANS for TAM concept postulated by Kumaraswamy (2011) and Kumaraswamyet al.(2012); discover ways to enable PM and AM teams to work in an integrated manner; and recommend strategies and operational measures to promote greater team integration in the industry.Design/methodology/approach– This study is based in Hong Kong with parallel studies in the UK, Singapore and Sri Lanka. Through a comprehensive questionnaire, a case study on an organization engaged in both design and construction and operations and maintenance (O&M) works, interviews and hosting a workshop (all conducted with experienced industry practitioners and experts), a set of recommendations are derived to guide the industry toward greater team integration.Findings– Early involvement of O&M staff is important for better anticipating obstacles and learning from past experiences, but PM and AM teams generally work independently with limited interaction. Priorities of the stakeholders are often different. Knowledge management is increasingly important, but knowledge sharing is not always a priority. The three focus areas in the set of recommendations developed from Hong Kong are: organizational/management structure, procurement strategies and operational mechanisms; fostering culture of team building and providing additional means of communication; and informal communication tools.Originality/value– There has been little research into the communication, interaction and integration between PM and AM priorities and teams. However, increasing industry emphasis on sustainable buildings, end-user satisfaction and designing for maintainability dictates that PM and AM teams must work closer together, hence the imperative for mapping useful directions to be pursued.
Hedonic values of physical infrastructure in house rentals
Authors: Famuyiwa Funlola , Kayode Babawale Gabriel 
Published: August 2014

Purpose– The purpose of this study is to examine the relationship and pricing effects of physical infrastructure on house rents using the hedonic technique.Design/methodology/approach– Primary data are derived through a questionnaire survey and secondary data from existing literature. Sampling data on 211 detached residential buildings with a range of physical infrastructure attributes within Lekki Phase 1 area of Lagos are analysed with the hedonic regression technique.Findings– Results reveal significant impacts and a range of price premium estimates of physical infrastructure on house rents in the study area.Originality/value– The study suggests a nouvelle and contextualized approach for sustainable infrastructure delivery, improvement and maintenance. Appropriate pricing will help to guide and support physical infrastructure development and sustainability. When tailored in line with market support, achievable pricing can be attained in setting land-based user charges and tariffs for cost recovery on projected developments and reform. Results from empirical market evidence also provide demand and viability indicators that offer invaluable blueprints, by which governments, policy/decision makers, investors, town-planning authorities and other stakeholders can take sustainable decisions based on priority, in the face of budgetary constraints – a significant characteristic of the Nigerian economy.
From perpetual to wasting asset
Authors: Ameyaw Stephen 
Published: August 2014

Purpose
– This paper aims to present an objective overview of the factual discourse around the wasting nature of real estate for an appreciation of the resultant exacting management responsibility. The durability feature of real estate has had consequential implications on the appreciation of the asset class.

Design/methodology/approach
– The paper uses literature survey and key informant interview to identify the peculiar features of real estate to understand the exacting responsibility of its ownership and management.

Findings
– The study reveals that real estate is a specialised investment asset that requires extra management care, costs and specialised expertise to retain its investment value. Thus, the asset is not inherently perpetual but wasting and requires conscious physical and functional management, which are dependent on sound financial management.

Practical implications
– Real estate investment decisions must be made with the exacting management responsibility in mind. Both individual and corporate investors must use a sinking fund policy to meet the financial liability involved in managing both income and non-income properties. The Government of Ghana must create a National Infrastructure Maintenance Fund and adopt a National Infrastructure Management Strategy for managing the existing stock of public real estate.

Originality/value
– It is the first literature appraisal and facts collation on the wasting nature of real estate and its attendant exacting management responsibility with a call for paradigm shift in our understanding of this investment asset.