How Do Developers Influence the Transaction Costs of China’s Prefabricated Housing Development Process? An Investigation through the Bayesian Belief Network Approach

• Published in: Systems (Basel) Vol. 12; no. 5; p. 147
• Main Authors: Wu, Hongjuan, Qian, Queena K., Straub, Ad, Visscher, Henk, Zhuang, Taozhi
• Format: Journal Article
• Language: English
• Published: Basel MDPI AG 01.05.2024
• Subjects: Bayesian Belief Network; Belief networks; China; Construction industry; Construction management; Contractors; Costs; Decision making; Dwellings; Efficiency; Energy conservation; Housing; Housing developers; Housing developments; Influence; Manufacturing; Onsite; Prefabricated buildings; prefabricated housing; Prefabrication; Procurement; production efficiency; Rationality; Real estate development; Residential development; Sensitivity analysis; Stakeholders; Surveys; Sustainable development; transaction costs; China

The implementation of prefabricated housing (PH) has become prevalent in China recently due to its advantages in enhancing production and energy-saving efficiency within the construction system. However, stakeholders may not always fully realize the benefits of adopting PH due to the emergence of tr...