• Title/Summary/Keyword: Cost Evaluation

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Cost Performance Evaluation Framework through Analysis of Unstructured Construction Supervision Documents using Binomial Logistic Regression (비정형 공사감리문서 정보와 이항 로지스틱 회귀분석을 이용한 건축 현장 비용성과 평가 프레임워크 개발)

  • Kim, Chang-Won;Song, Taegeun;Lee, Kiseok;Yoo, Wi Sung
    • Journal of the Korea Institute of Building Construction
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    • v.24 no.1
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    • pp.121-131
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    • 2024
  • This research explores the potential of leveraging unstructured data from construction supervision documents, which contain detailed inspection insights from independent third-party monitors of building construction processes. With the evolution of analytical methodologies, such unstructured data has been recognized as a valuable source of information, offering diverse insights. The study introduces a framework designed to assess cost performance by applying advanced analytical methods to the unstructured data found in final construction supervision reports. Specifically, key phrases were identified using text mining and social network analysis techniques, and these phrases were then analyzed through binomial logistic regression to assess cost performance. The study found that predictions of cost performance based on unstructured data from supervision documents achieved an accuracy rate of approximately 73%. The findings of this research are anticipated to serve as a foundational resource for analyzing various forms of unstructured data generated within the construction sector in future projects.

A Case Study of Source Selection and Evaluation by Using the Analytic Hierarchy Process

  • Lee, Nam-Yong
    • Proceedings of the CALSEC Conference
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    • 2000.08a
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    • pp.207-214
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    • 2000
  • Over the last several decades, the topic of the source selection and evaluation has gained a great attention in the information systems community as an effective tool to acquire information systems in an organization. The source selection and evaluation process is a multiple-criteria decision-making problem associated with several evaluation issues. In this case study, evaluation issues include management, technologies, logistics, and cost. This case study was conducted to compare a new source selection and evaluation process by using the analytic hierarchy process with the traditional approach. This study provides useful insight about how to apply the analytic hierarchy process technique to the traditional approach.

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Evaluation of Environmental Performance of Energy Systems employing Market Allocation Model in Building Sector in Korea (시장분배모형을 이용한 건물부문 에너지 시스템 환경성능평가)

  • Park, Tong-So
    • KIEAE Journal
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    • v.2 no.4
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    • pp.65-72
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    • 2002
  • In this study, the evaluation of environmental performance of the building energy system of domestic commercial sector was carried out. Based on the theory of linear programming model, we established an evaluation model satisfying object functions and constraint conditions. Employing the model, the evaluation of building energy system was performed under the consideration of cost and environmental constraint conditions. As an evaluation tool, MARKAL (MARKet Allocation) known as a market distribution model was employed. We analyzed scenarios of Case I (Base Scenarios) through Case IX established by the combination of the components of building energy system such as glazing, building skin, core, and heat source system. According to the results of the evaluation, highest contribution on the useful energy demand was obtained from the building energy system combined with solar heat source system, when the total amounts of $CO_2$ exhaust as an environmental constraint condition is assumed to be the level of 1995.

MAINTENANCE PERFORMANCE EVALUATION OF THE BUILDINGS IN THE DESIGN PHASE

  • Hakyu Baeck;Chansik Lee
    • International conference on construction engineering and project management
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    • 2005.10a
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    • pp.1138-1143
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    • 2005
  • As the importance of building maintenance is being emphasized, studies regarding the efficient building maintenance focus on the evaluation of the maintenance plan, implementation and its cost only while the evaluation of the maintenance performance is nearly ignored. At this point when the importance is placed on the performance design we need to have methods to improve maintenance performance of the buildings in Design Phase. The purpose of this study was to set the design evaluation items to improve the maintenance performance of the buildings. Through the review of the existing literature, we set the concept of the maintenance performance and suggested evaluation items to evaluate the maintenance performance through the analysis of domestic and overseas certification and design guidelines.

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Constraint and Dedication based Motivations on Use Continuance for a Web Portal Site

  • Hong, Soong-Eun;Kang, Young-Sik;Lee, Hee-Seok
    • 한국경영정보학회:학술대회논문집
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    • 2007.06a
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    • pp.509-514
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    • 2007
  • Most of the IS continuance research has assumed that IS use is activated by an intention to use, which in turn is determined by the evaluation of IS usage. Perceived usefulness is one of the evaluation variables most widely used. Typically, the past studies adopt this perceived usefulness because it views continuance as an extension of acceptance behavior. However, the literature on interpersonal relationships suggests that individuals are motivated to maintain relationships either because they genuinely want to or they believe they have no other option. The former is referred to as dedication-based relationship maintenance and the latter as constraint-based relationship maintenance. The IS continuance can be considered as the relationship maintenance situation with the existing IS that the user is currently using. The belief constructs previously used in IS continuance researches fall into the category of dedication-based ones. Additional constraint-based belief constructs are needed to explain the IS continuance behavior. In this regard, switching cost represents an important avenue for better understanding and predicting customer retention in that it can be regarded as the constraint-based motivation for relationship maintenance or IS use continuance. For an empirical exploration, 275 samples were collected from the users of a web portal site. Data analysis using Structural Equation Modeling (SEM) shows that perceived usefulness shows a significant direct effect on continuance intention while perceived switching cost significantly affects continuance usage.

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Models for Measurement of Efficiency of Free Flight Separation Assurance (자유비행 분리보증 효율성 측정모델 연구)

  • Lee, Dae-Yong;Young, Kang-Ja
    • Journal of Advanced Navigation Technology
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    • v.15 no.6
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    • pp.977-985
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    • 2011
  • Airborne separation assurance is a key requirement for Free Flight Airspace operations, This paper study the feasibility of airborne separation assurance for free flight Airspaces operations by evaluating the efficiency measurement models. Three qualitatively different methods are utilized; one based Ground and Air conflict probability model, other based Dynamic Density model. the other based Direct operating cost model. The evaluation is Direct Operating Cost model and Two metrics are utilized for the efficiency measurements; airborne separation assurance performed quite well in the Free Flight evaluation; (1) 2 scenario of the conflict situations are resolved; (2) The MD-80 flight peformed separation assurance and efficiency, Not only appling for geometric method algorithm is more efficiently than potential method, but also the most efficiently geometric combined method.

A Decision Support System for the Selection of a Rapid Prototyping Process (쾌속조형공정 선정을 위한 지원 시스템)

  • 변홍석;이관행
    • Proceedings of the Korean Society of Precision Engineering Conference
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    • 2003.06a
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    • pp.5-8
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    • 2003
  • This paper presents a methodology to be able to select an appropriate RP system that suits the end use of a part. Evaluation factors used in process selection include major attributes such as accuracy, roughness, strength, elongation, part cost and build time that greatly affect the performance of RP systems. Crisp values such as accuracy and surface roughness are obtained with a new test part developed. The test part is designed with conjoint analysis to reflect users' preference. The part cost and build time that have approximate ranges due to cost and many variable parameters are presented by linguistic values that can be described with triangular fuzzy numbers. Based on the evaluation values obtained, an appropriate RP process for a specific part application is selected by using the modified TOPSIS(Technique of Order Preference by Similarity to Ideal Solution) method. It uses crisp data as well as linguistic variables, and each weight on the alternatives is assigned by using pair-wise comparison matrix. The ranking order helps the decision making of the selection of RP systems.

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A Study on the Evaluation of Equilibrium Price between PSTN and VoIP Service (PSTN과 VoIP 서비스 간의 균형가격 도출에 관한 연구)

  • Yoon, Sang-Hum;Jin, Xiang-Hua;Park, Jong-Heon;Park, Young-Jun;Juhn, Jae-Ho;Ha, Gui-Ryong
    • Journal of Korean Society of Industrial and Systems Engineering
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    • v.33 no.3
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    • pp.137-145
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    • 2010
  • The objective of this paper is to evaluate the equilibrium price between PSTN and VoIP telephony services in the case of non-linear utility function. Currently there are two types of wired phone services we are known PSTN (Public Switched Telephone Network) and VoIP (Voice over Internet Protocol). The PSTN telephony which provide high quality service and VoIP which provides relatively low quality service form a vertically differentiated oligopoly. Therefore, the evaluation of the equilibrium price between PSTN and VoIP services is very important to wired phone service providers. The equilibrium price depends on the state of the service cost function has been proved different value. This paper was evaluated each equilibrium price for the state of the linear cost function and non-linear cost function. Subsequently, this paper analyzed the demand of both services and the equilibrium profit which can maximize the profit of both service providers.

Factors Affecting Responsibility Accounting at Public Universities: Evidence from Vietnam

  • NGUYEN, Ngoc Tien
    • The Journal of Asian Finance, Economics and Business
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    • v.7 no.4
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    • pp.275-286
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    • 2020
  • The study explores factors that affect the performance of responsibility accounting at public universities in Vietnam. The study conducted a survey of 130, out of 154 public universities in Vietnam and uses regression analysis methods. The results identify eight groups of factors affecting the performance of responsibility accounting at these establishments of higher education: Division of the organization into responsibility centers, Estimation and Reality, Cost and income allocation, University autonomy, Management decentralization, Estimation, Reward, and Report. Costs and income allocation for responsibility centers, university autonomy, and the division of universities into responsibility centers are shown to significantly affect the performance of public universities in Vietnam. The results show that the performance of responsibility accounting at public universities in Vietnam is influenced by decentralization of management, division of the organization into responsibility centers, reward, cost and income allocation, estimation, evaluation of the results achieved between the estimation compared with reality, release of reports and university autonomy. Among the factors, cost and income allocation, university autonomy, division of the organization into responsibility centers, reward and evaluation of results achieved between estimation and reality have strong impacts. The study findings also indicate that the school council does not affect responsibility accounting at these universities.

Economic Analysis of Reinforced Concrete Bridges Considering Performance Evalution (성능평가를 고려한 철근콘크리트교의 경제성 분석)

  • 손용우;정영채;김종길
    • Journal of the Computational Structural Engineering Institute of Korea
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    • v.17 no.2
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    • pp.141-150
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    • 2004
  • Recently, it is really concerned about corrosion and aging of reinforced concrete bridges. Corrosional steel reinforcing in concrete affects not only safety of bridges structure but also bending strength of reinforced concrete's member. Rate of corrosion, characteristic of bending strength, and economical evaluation aren't clear in reinforced concrete, considering performance evaluation. The purpose of study is as follows. It studies about ability of resistance's strength and cost of life cycle according to reduction of steel reinforcing's corrosion. Moreover, it shows calculating formula of bending strength with corrosion of current rate and exactly evaluates about the rest life at corrosional reinforced concrete bridges.