A Framework for Examining and Improving the Accounts Payable Process in Construction Open Access
- Other title
Cash Conversion Cycle
- Type of item
- Degree grantor
University of Alberta
- Author or creator
- Supervisor and department
AbouRizk, Simaan (Civil and Environmental Engineering)
- Examining committee member and department
Adeeb, Samer (Civil and Environmental Engineering)
Han, SangUk (Civil and Environmental Engineering)
Department of Civil and Environmental Engineering
Construction Engineering and Management
- Date accepted
- Graduation date
Master of Science
- Degree level
This research focuses on the accounts payable function in construction firms. The cash conversion cycle includes accounts payable and accounts receivable support functions. Research objectives focus on mapping the existing accounts payable processes in construction, building a model to represent this process and validating the model. The map is able to calculate process cost and cycle time, and demonstrate the feedback loops present in the verification process. A computer simulation model using the Simphony.NET framework is built on this map. Once validated, the model provides a system for sensitizing key input variables to see their effect on outputs, such as processing cost and cycle time of invoice approval. Finally, a case study using the model is presented to demonstrate the model’s ability to facilitate sensitivity, scenario and financial analyses. A firm in the steel manufacturing sector provided access to project managers and accounting professionals, in addition to project data.
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- Citation for previous publication
Al-Hussein, R., AbouRizk, S. 2014. Understanding and Modeling Invoicing Challenges in Construction. CSCE 2014 General Conference, Canadian Society of Civil Engineers, Halifax, NS, Canada.
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