• KSCE Journal of Civil and Environmental Engineering Research
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• v.33 no.2
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• pp.757-769
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• 2013

Intangible assets for construction engineering consulting firms are very important for their valuation, because engineering consulting is typical knowledge-based business which creates value based on technical expertise and human resources. This paper presents the intangible asset classification model based on the concept of value creation in construction engineering consulting firm and proposes intangible asset valuation methodology using System Dynamics and survey data. Utilization of the valuation methodology presented in this paper would increase the public awareness of intangible assets in construction engineering consulting firm and, thus, contribute to the growth of the engineering consulting industry by realistic and accurate valuation of intangible assets.

• International conference on construction engineering and project management
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• 2005.10a
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• pp.1058-1063
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• 2005

More and more organizations in construction industry adopt knowledge management system (KMS) to facilitate process of creating, acquiring, capturing, sharing, and using knowledge so as to improve the competitiveness, productivity and efficiency of their organization. In spite of the tremendous efforts devoted to KMS, the return of investment on KMS is usually a black box to the investor due to the lack of a systematic framework for performance evaluation of the KMS. This paper aims at fulfilling such need. A conceptual performance evaluation framework is proposed based on Balanced Scorecard (BSC) method. Then a preliminary case study is conducted to assess the applicability of the proposed framework in an A/E consulting firm to evaluate the performance of KMS.

• International conference on construction engineering and project management
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• 2015.10a
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• pp.210-212
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• 2015

The growth-share matrix is a portfolio planning tool developed by the Boston Consulting Group (BCG) to assist competitive positioning in the international market including those in the construction industry. This matrix is helpful in balancing the firm's cash-flow, and it can suggest strategic directions for each business unit. However, its effectiveness and applicability have long been debated in the academic field due to the complex and unique industrial context of construction. To solve the dispute, this research clarifies the applicability of theories underlying the growth-share matrix to the construction industry. Empirical research based on actual financial data of Korean construction firms is adopted for the statistical analysis including one-way analysis of variance and correlation analysis. The results of this research show that empirical findings on the relationship between performance variables. In this context, this research can provide important insights on the concept of portfolio management in the construction industry.

• International conference on construction engineering and project management
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• 2013.01a
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• pp.315-320
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• 2013

The aim of this study is to compare efficiency and Total Factor Productivity(TFP) between Korean and Japanese construction firms in Korea and Japan over the period of 2005-2011. The results of this study are as follows. Efficiency scores of Korean construction firms are 0.797, and Japanese construction firms are 0.921. Second, annual total factor productivity growth of Korean construction firms is 0.5% and technical progress do much for TFP decrease. However Japanese construction firms marked annual increasing of 2.5% of TFP. Third, technical progress contributed in TFP increase of construction firms in Korea. Korean construction firms, however, relatively lagged behind Japanese construction firms in technical progress. Therefore, Korean construction firms need strategies to achieve technical advances including adopting new technology or process innovation to maintain competitiveness, survive, and develop in the future competition with Japan.

• Steel and Composite Structures
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• v.50 no.4
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• pp.419-428
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• 2024

Prefabricated partially-encased composite (PEC) structural component is widely used in construction industry due to its superior structural performance and easy assembly characteristic. However, the solid web in traditional PEC components tends to split concrete into two halves, thus potentially reduces structural integrity and requires double concrete pouring. To overcome the above disadvantages, a new PEC beam with open-web π-shaped steel is proposed in this paper. Four open-web PEC beams with varying sectional height, flange thickness and web void rate were constructed and tested under flexural loads. During experimental tests, all beams exhibited typical flexural failure modes with strong moment capacities and excellent ductility. Owing to the unique construction form of web opening, steel-concrete bonding properties were enhanced and very small relative steel-concrete slips were observed. Experimental results also showed that the flexural capacity of such PEC beams increased with the increase of the sectional height and flange thickness, while was not affected by the web void rate. At last, a flexural capacity formula of the open-web PEC beam was proposed based on the whole section plastic rule. The formula results agreed well with experimental results.

• KSCE Journal of Civil and Environmental Engineering Research
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• v.38 no.6
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• pp.1021-1028
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• 2018

As entering the international construction market became more difficult than the past, ODA projects can be a breakthrough for domestic engineering companies to enter the international market. However, since many companies compete for limited projects, it is necessary to reinforce the competitiveness of bidding success. The competitiveness is the result of accumulating experience, reputation, and networking through partnering. Therefore, depending on which partnering strategy has been taken over a long period, the bidding success is decided. The objective of this study is to identify the effective partnering strategy for bidding success. For this, the World Bank bid results, focusing on consulting projects in Vietnam, are collected. Using the bid results, inter-firm network representing the partnering relationship is constructed and the Social Network Analysis is conducted. After then, by conducting the Logistic Regression Analysis, effective partnering strategies are suggested. The result shows that the diversification strategy is advantageous for transportation and city development projects and the concentration strategy is advantageous for water projects. The partnering strategy for the consulting project proposed in this study will be used as a reference for the domestic engineering companies to enter the Vietnam construction market in the future.

• KIEAE Journal
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• v.14 no.1
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• pp.91-99
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• 2014

Environmental issues have become gradually important around the globe, which has increased society needs for the environment-friendly construction. In an effort to realize the environmental protection and energy efficiency, the British BREEAM has been developed, which is followed by the USA LEED, Japanese CASBEE and other national certification systems based on their own conditions. In this end, the Republic of Korea has implemented its own certification system named GBCS(Green Building Certification System) in 2002, and now actively promoted the G-SEED(Green Standard for Energy and Environmental Design) after GBCS modifications and amendments. The purpose of this study is to identify possible problems to be encountered in the process of the G-SEED for office facilities and to provide relevant solutions. In this end, three office facilities have been selected, which had obtained the G-SEED. This study has analyzed reasons of change of assessment scores between the preliminary certification and the main certification phases, has identified problems through in-depth interviews with practicing professionals(design, construction, eco-friendly consulting firm) and then has reached a conclusion for improvements. This study will be possibly used as reference materials for improvements of the green building certification system, and further detailed studies on respective parts will be required for improvements.