Toward a quantitative risk analysis framework to identify non-conforming building products

Darryl O’Brien

Journal of Building Survey, Appraisal & Valuation, 2017, vol. 5, issue 4, 369-381

Abstract: Non-conforming building products are an emerging concern to both regulators and consumers. This paper describes the global supply and logistic network as a form of radical innovation and demonstrates how failure to identify the evolution of this radical innovation has produced gaps in the existing regulatory framework. This finding suggests that the existing frequency-based risk management model may be sub-optimal to manage non-conforming building products. To manage this form of radical innovation, this paper describes the need to develop a more effective risk management process that identifies and manages uncertainties. The findings of this paper have implications for both regulators and the construction sector in jurisdictions that source products from the global supply network.

Keywords: non-conforming building products; National Construction Code; radical innovation; risk management; uncertainty (search for similar items in EconPapers)
JEL-codes: R3 (search for similar items in EconPapers)
Date: 2017
References: Add references at CitEc
Citations:

Downloads: (external link)
https://hstalks.com/article/2899/download/ (application/pdf)
https://hstalks.com/article/2899/ (text/html)
Requires a paid subscription for full access.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:aza:jbsav0:y:2017:v:5:i:4:p:369-381

Access Statistics for this article

More articles in Journal of Building Survey, Appraisal & Valuation from Henry Stewart Publications
Bibliographic data for series maintained by Henry Stewart Talks ().