Web-system development for the feasibility of national road

  • Park, T. (Korea Institute of construction technology) ;
  • Shin, E. (Korea Institute of construction technology) ;
  • Kang, T. (Korea Institute of construction technology) ;
  • Park, W. (Korea Institute of construction technology) ;
  • Lee, Y. (Korea Institute of construction technology)
  • Published : 2015.10.11

Abstract

For last three years, our research team have conducted the project named "Development of construction project management technology based on BIM/GIS platform. "We developed construction cost estimation system as well as 3D modeling engine at the first two year and established a web-system which could estimate the benefits of the project and further analyze the economic and financial feasibility of the project. This paper mainly focused on the functions and specifications of web-system. The system was composed of two modules: economic feasibility estimation module and financial feasibility estimation module. While the economic feasibility estimation module determines economic feasibility of the project based on traffic demand forecasting from the public's perspective, the financial feasibility estimation module determine financial viability of the project using toll fee of the road from private entity's perspective. Compared with traditional feasibility study, the proposed system provide users with better flexibility which can make users easily to validate the project upon the change of project environments. The system was also verified with an already accomplished project. The verification showed that proposed system could provide satisfactory accurate results with reduced time and resources.

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