Thesis (M.Eng.) - Asian Institute of Technology, 2007

To understand the office economic behavior, Demand, Supply and Gross Domestic Product are main components that should be defined the trend. There are a lot of factors and variables that affect the trend of main components. This research investigates the impact of various components on the Gross Domestic Produce, Demand of Office Building and Supply of Office Building The objective of this modeling exercise was firstly to understand the mechanism of various endogenous and exogenous parameters affecting the change of Gross Domestic Product, Demand of Office Building and Supply of Office Building. Secondly, to identify the relationship between those factors and between factors to the office market economic and generate causal loop diagram. Finally, a dynamic simulation mode was build to represent the perceived mode was built by using the system dynamic methodology. From the result of the simulation, we can develop the pattern of main components that can use as a guild line for the investors, developers and contractors to understand the behavior of Office Building Market. This guideline also helps in decision making process to make better decision.

A thesis submitted in partial fulfillment of the requirement for the degree of Master of Engineering in Construction Engineering and Infrastructure Management.