TY - JOUR
T1 - Risk element transfer
T2 - A new method to measure the risk of energy-saving type construction company
AU - Li, Cunbin
AU - Chen, Hongyi
AU - Shi, Ligang
AU - Li, Zhiwei
AU - Du, Zhe
PY - 2013
Y1 - 2013
N2 - Energy-saving type construction company faces increasingly arising serious risks because of the construction system reforms, the diversification of contract format and the complications of large modern project items. How to deal with these risks becomes an important problem which needs to be considered seriously by a energy-saving type construction company. However, risk management in energy-saving type construction project in China is just on the horizon. The weakness of consciousness and the lack of ability in risk management exits in most of the construction companies, so it is imperative to carry out research on risk management in energy-saving type construction companies. Based on the rigorous reality, the paper puts forward a new theory to measure the risk of energy-saving type construction company: the theory of risk element transfer. In detail, the process of risk transfer is decomposed into two sub procedures: risk element reduction recursive procedure and risk element elastic process. The two processes are related to how the risk will be changed under enterprise external condition and internal condition respectively. To measure risk properly, four new variables are presented. Focus on them, we are able to measure risk on single project and multiple project in order to minimum the risk and maximize the profit of construction company.
AB - Energy-saving type construction company faces increasingly arising serious risks because of the construction system reforms, the diversification of contract format and the complications of large modern project items. How to deal with these risks becomes an important problem which needs to be considered seriously by a energy-saving type construction company. However, risk management in energy-saving type construction project in China is just on the horizon. The weakness of consciousness and the lack of ability in risk management exits in most of the construction companies, so it is imperative to carry out research on risk management in energy-saving type construction companies. Based on the rigorous reality, the paper puts forward a new theory to measure the risk of energy-saving type construction company: the theory of risk element transfer. In detail, the process of risk transfer is decomposed into two sub procedures: risk element reduction recursive procedure and risk element elastic process. The two processes are related to how the risk will be changed under enterprise external condition and internal condition respectively. To measure risk properly, four new variables are presented. Focus on them, we are able to measure risk on single project and multiple project in order to minimum the risk and maximize the profit of construction company.
KW - Elastic process
KW - Energy-saving type construction company
KW - Recursive procedure
KW - Risk reduction
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M3 - Article
AN - SCOPUS:84894094960
SN - 1308-772X
VL - 31
SP - 367
EP - 372
JO - Energy Education Science and Technology Part A: Energy Science and Research
JF - Energy Education Science and Technology Part A: Energy Science and Research
IS - 1
ER -