Crisis management model and recommended system for construction and real estate

Abstract

Integrated analysis and rational decision-making at the micro-, meso- and macro-levels are needed to mitigate the effects of recession on the construction and real estate sector. Crisis management involves numerous aspects that should be considered in addition to making economic, political and legal/regulatory decisions. These must include social, culture, ethical, psychological, educational, environmental, provisional, technological, technical, organizational and managerial aspects. This article presents a model and system for such considerations and discusses certain composite parts of it.