Principal component analysis of factors influencing pricing decisions of building materials in Ghana

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dc.contributor.authorDanso, Humphery
dc.contributor.authorObeng-Ahenkora, N. K
dc.date.accessioned2023-11-21T12:24:49Z
dc.date.available2023-11-21T12:24:49Z
dc.date.issued2018-08-24
dc.description.abstractThe key factors that greatly affect the selection of building materials are the cost and other related factors such as properties of the materials. The aim of this study was to identify the fac tors that influence the pricing decisions in determining the price level of building materials in Ghana. Self-administered questionnaires were sent to both construction practitioners and build ing material merchants to collect data in Kumasi metropolis, Accra metropolis and Sunyani municipal assembly in Ghana. Factor analysis was performed to identify the main factors that influence pricing decisions of building materials. Six main factors were identified: market-, pro ducer-, production-, economic-, political- and environmental-related factors. It is recommended that the identified factors should be controlled by stakeholders who are concerned with the identified factors that contribute to prices of the building materials in order to prevent the increased prices of building material. The study contributes to the literature in the area of build ing materials management.
dc.identifier.citationObeng-Ahenkora, N. K., & Danso, H. (2020). Principal component analysis of factors influencing pricing decisions of building materials in Ghana. International Journal of Construction Management, 20(2), 122-129.
dc.identifier.urihttps://ir.aamusted.edu.gh/handle/123456789/694
dc.language.isoen
dc.publisherTalor&Francis
dc.titlePrincipal component analysis of factors influencing pricing decisions of building materials in Ghana
dc.typeArticle
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