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LOGISTICS RISK IN MANAGEMENT OF PROPERTY DEVELOPMENT ENTERPRISES (EMPIRICAL RESEARCH FINDINGS)

Abstract

Risk is an inherent feature of property development projects conducted on the real estate market. Therefore, developers have to be able to manage risk using specific methods. This also refers to the category of logistics risk. In property development business, however, risk needs to be accurately identified before it can be quantified and adequate risk responses can be considered. These issues are addressed in the scientific paper, which aims to outline the risks encountered in the real estate market, with the focus on logistics risk. In particular, it constitutes an attempt to indicate possible applications of the risk management in property development enterprises as a way of supporting logistic activities undertaken by developers in investment processes. In addition to the theoretical deliberations, the findings of the empirical research conducted among the major property developers operating on the Polish market are presented.

Keywords:

construction risk management, logistics risk, enterprise managemen, development enterprises

Details

Issue
Vol. 4 No. 23 (2017)
Section
Research article
Published
2017-10-01 — Updated on 2017-12-29
Versions
DOI:
https://doi.org/10.19253/reme.2017.04.015
Licencja:
Creative Commons License

This work is licensed under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International License.

This is an Open Access journal, all articles are distributed under the terms of the Creative Commons (CC BY 4.0) License (http://creativecommons.org/licenses/by-nc-sa/4.0/). You must give appropriate credit, provide a link to the license, and indicate if changes were made. You may do so in any reasonable manner, but not in any way that suggests the licensor endorses you or your use. No additional restrictions — You may not apply legal terms or technological measures that legally restrict others from doing anything the license permits. 

Authors

  • Józef Myrczek

    University of Bielsko-Biała, Faculty of Materials, Civil and Environmental Engineering
  • Piotr Tworek

    University of Economics in Katowice, Faculty of Economics

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