• Title/Summary/Keyword: Cost Factors

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Factors That Affect Project Time and Cost Performance during Highway Construction Using Incentive/Disincentive Provisions

  • Pyeon, Jae-Ho;Park, Moonseo;Jung, Sangsun;Park, Taeho
    • Land and Housing Review
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    • v.11 no.4
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    • pp.115-124
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    • 2020
  • Incentive/Disincentive (I/D) contract is designed for minimizing any disruption of traffic flow in road construction projects. I/D contracting projects have been evaluated with regard to time and cost performance in various states, more than 35 states. However, construction project managers and planners have little understanding of the project factors that affect the project time and cost performance of highway construction projects using I/D regulations. Therefore, the purpose of this research is to find factors that affect I/D project success or failure to improve the decision-making process for the implementation of I/D projects. In order to achieve the objectives of this research, the researchers collected I/D road construction project data from FDOT and performed evaluation for each collected project. Then, project data analysis to identify key factors that affect I/D project performance was performed. In conclusion, five significant factors for project time performance and six significant factors for project cost perfornace were identified and summarized.

The Analysis on the Determinations Factors of Container Port Competitiveness (컨테이너 항만경쟁력 결정요인 분석)

  • Lee, Ki-Tae;Baek, In-Hum
    • Journal of Fisheries and Marine Sciences Education
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    • v.27 no.1
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    • pp.262-272
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    • 2015
  • The aim of this study is to analysis factors that determine the competitiveness of container ports using the KJ and AHP methods. For this, 54 detailed attributing factors were identified both by previous studies and port users. 24 attributing factors were identified by a group of port experts. also, These were grouped 18 detailed attributing factors into 6 attributing factors by a group of port experts using the KJ method. These were made into a model of hierarchical structure with 3 levels, taking 1 goal factor, 6 evaluation factors and 18 detailed evaluation factors. The collected date of questionnaires were analyzed by a group of port experts using the AHP method. The analysis result of the evaluation factors in container port shows that port cargo volume is the most important factor, followed by port location, port cost, port service, port facility and port management. The analysis results of detailed evaluation factors in container port shows that import and export cargo volume is the most important factor, followed by transshipment cargo volume, distance from main trunk, cargo handling cost, distance from the point of importing and exporting, speediness of cargo handling, stability of cargo handling, vessel/cargo cost in port entry and leaving, punctuality in port entry and leaving, number and length of berth, collateral service cost, terminal area, hinterland accessibility, ability of terminal operation company, front depth of berth, etc.

A Study on the Resistance Factors for Mobile Easy Remittance Service Acceptance - Based on the Switching Cost and Innovation Resistance Model (모바일 간편송금서비스 수용에 대한 저항요인 연구 : 전환비용과 혁신저항모형을 중심으로)

  • Jeong, Seok Chan;Jeon, Hwa Mok
    • The Journal of Information Systems
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    • v.28 no.3
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    • pp.59-81
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    • 2019
  • Purpose The purpose of this study is to investigate the resistance factors interfering the acceptance factors of the mobile easy remittance service focusing on the switching cost and the innovation resistance model. Design/methodology/approach This study focuses on revealing the resistance factors of the mobile easy remittance service acceptance. The resistance factor is designed consisting both consumer characteristics and service characteristics in the Innovation Resistance Model. Furthermore, the effect of resistance factors on the innovation resistance and acceptance intentions were detected by moderating the switching cost. Findings According to the empirical analysis result, this study investigated the effect of resistance factors on innovation resistance and acceptance intention for the mobile easy remittance service. The results of this study as follows; (1) The consumer's inherent innovativeness did not significantly affect the innovation resistance and acceptance intention. (2) The attitude toward existing services and complexity significantly affected innovation resistance in direct manner, thus affecting the acceptance intention in indirect manner. (3) The perceived usefulness significantly affected both the innovation resistance and the acceptance intention in direct manner. (4) The perceived risk only effected the acceptance intention. (5) The switching cost had a moderating effect on the innovation resistance and acceptance intention.

Analyses of the Cost function for the Reductions of the Dynamic Response and the Vibrational Intensity of a Discrete System and Its Elastic Supporting Beam (이산계와 탄성 지지보의 동응답 및 진동 인텐시티 저감을 위한 목적함수 해석)

  • Kim, Gi-Man;Choi, Seong-Dae
    • Transactions of the Korean Society for Noise and Vibration Engineering
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    • v.20 no.1
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    • pp.83-91
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    • 2010
  • In this paper, the feasibility of the cost function having two control factors were discussed in compared to two others which has one different control factor respectively. As of the control factors, the dynamic response of a discrete system and the vibrational intensity at the reference point which is the connecting point of a discrete system to a flexible beam were controlled actively by the control force obtained from the minimization of the cost function. The method of feedforward control was employed for the control strategy. The reduction levels of the dynamic response of a discrete system and the vibrational intensity at a reference point, and also the input power induced by the control force were evaluated numerically in cases of the three different cost functions. In comparison with the results obtained from the cost functions of one control factor, which is the dynamic response or the vibrational intensity, in most cases of the cost function of two control factors the better or similar results were obtained. As a conclusion, it is surely noted that both the dynamic response and the vibrational intensity of the vibrating system be controlled up to the expected level by using the single cost function having two control factors.

Factors Affecting Use of Cost Information: Empirical Evidence from Seafood Processing Enterprises in Vietnam

  • NGUYEN, Thieu Manh
    • The Journal of Asian Finance, Economics and Business
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    • v.9 no.4
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    • pp.93-98
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    • 2022
  • The article analyzes the impact of factors affecting the use of cost information is examined, which adds to the empirical evidence on the factors affecting the use of cost information in Vietnam's seafood processing firms. 58 seafood processing firms in Vietnam were surveyed using a questionnaire survey of all levels of management, chief accountants, and accountants. A total of 235 questionnaires were gathered for the survey. Because many of the surveys were invalid due to empty cells, the author selected to use 214 questionnaires. The 5-level Likert scale is familiarly used in many studies, so the author also quantifies each factor according to five levels. Quantitative research was carried out with SPSS 25 software. Research results show that 4 factors The function of cost information, cost management, information technology, and management support in the seafood processing industry in Vietnam all have a positive impact on the use of cost information. The author has provided recommendations based on the research findings to expand the use of cost information, consequently helping to improve the performance of Vietnamese seafood processing businesses. Managers must improve a variety of resources, including facilities (software, hardware), people (in-depth training on CAS for administration), departmental awareness, and UCI's ability to assess responsibility and reward in the organization.

Analysis of Cost-Increasing Factors in High-rise Building Construction Projects Using Delphi Method (델파이 기법을 이용한 초고층 건축시공의 공사비 상승요인 분석방법에 관한 연구)

  • Lee, Byeong-Hun;Jin, Hyun-Soo;Kim, Kyong-Hoon;Kim, Jae-Jun
    • Proceedings of the Korean Institute of Building Construction Conference
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    • 2010.05a
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    • pp.105-109
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    • 2010
  • Nowadays, the construction of high-rise building is rapidly increasing. There are many cost-increasing factors to the management in the high-rise building construction. For large and complex projects like the high-rise building construction, the more systematic methods and tools are needed for cost control. It is important to identify major cost control items and to manage them for effective cost management in the high-rise building construction. This study proposes a method of identifying major cost-increasing factors in the high-rise building construction based on the Delphi method.

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A Study on Development of Simple System for Assessment of Uninsured Cost (비보험비용 산정을 위한 Simple System 개발에 관한 연구)

  • Lee, Jong-Bin;Lee, Tae-Yeong;Chang, Seong-Rok
    • Journal of the Korean Society of Safety
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    • v.26 no.4
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    • pp.96-101
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    • 2011
  • In previous studies, a system was developed for classifying items of uninsured cost and for generating factors and formulas by item for calculating accident loss costs. However, the loss cost of stopped production was not considered when the system was being developed. In addition, the system which was developed in previous studies had problems such as input error and data collection, owing to numerous input items. Therefore, this study developed a Revised system which considers the loss cost of stopped production, and a Simple system for improving the problems in input errors and data collection. In this study, unquantifiable factors were not considered. Further study that takes these factors into consideration is necessary.

EVALUATING CRITICAL SUCCESS FACTORS FOR ACCURATE FIRST COST ESTIMATES OF LARGE-SCALE CONSTRUCTION PROJECTS

  • Jin-Lee Kim;Ok-Kyue Kim
    • International conference on construction engineering and project management
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    • 2009.05a
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    • pp.354-360
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    • 2009
  • The demands for large-scale construction projects such as Mega-projects are largely increasing due to the rapid growth of increasing populations as well as the need to replace existing buildings and infrastructure. Increasing costs of materials, supplies, and labors require the first cost estimates at the preliminary planning stage to be as accurate as possible. This paper presents the results obtained from the survey on evaluating nine critical success factors that influence the accurate first cost estimates for large-scale projects from practical experiences. It then examines the current cost structures of construction companies for large-scale projects, followed by the causes for cost and schedule overrun. Twenty completed surveys were collected and the Analytic Hierarchy Process was applied to analyze the data. The results indicate that technology issues, the contract type, and social and environmental impacts are the significant leading factors for accurate first cost estimates of large-scale construction projects.

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Challenges to Prevent in Practice for Effective Cost and Time Control of Construction Projects

  • Olawale, Yakubu A.
    • Journal of Construction Engineering and Project Management
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    • v.10 no.1
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    • pp.16-32
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    • 2020
  • Cost and time control of projects is important in preventing project failure. However, achieving effective cost and time control in practice is often challenging. The challenges of project cost and time control in practice are investigated by carrying out a questionnaire survey on the top 150 construction contractors in the UK followed by in-depth semi-structured interviews of practitioners from 15 construction companies in the country. Quantitative analysis reveals that design change is the most important factor inhibiting the ability of UK contractors from effectively controlling both the cost and time of construction projects. Four of the top five factors inhibiting effective cost control are also the top factors inhibiting effective time control albeit in a different order. These top factors-design changes, inaccurate evaluation of project time/duration, risk and uncertainty, non-performance of subcontractors and nominated suppliers were also found to be endogenous factors to the project. Additionally, qualitative analysis of the interviews reveals 16 key challenges to prevent for effective project cost and time control in practice. These are classified into four categorised based on where they stem from as follows; from the organisation (1. Lack of integration of cost and time during project control, 2. lack of management buy-in, 3. complicated project control systems and processes, 4. lack of a project control training regime); from the construction management/project management approach (5. Lapses in integration of interfaces, 6. project control not being implemented from the early stages of a project, 7. inefficient utilisation and control of labour, 8. limited time devoted to planning how a project will be controlled at the outset); from the client; (9. Excessive authorisation gates, 10. use of adversarial and non-collaborative forms of contracts, 11. communication problems within client set-up, 12. obstructive client representatives) and; from the project team (13. Lack of detailed/complete design, 14. lack of trust among the project partners, 15. limited time devoted to project control on site, 16. non-factual reporting). The study posits that knowledge of these project control inhibiting factors and challenges is the first step at ensuring they are avoided and enable the implementation of a more effective project cost and time control process in practice.

Key Influence Factors for Efficient Cost Management of Design Stages (설계단계 공사비관리 효율성의 주요영향요인 분석)

  • Woo, Yu-Mi;Song, Jong-Kwan;Cho, Kyu-Man;Lee, Hyung-Jong;Hong, Tae-Hoon;Hyun, Chang-Taek;Koo, Kyo-Jin
    • Korean Journal of Construction Engineering and Management
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    • v.8 no.4
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    • pp.176-184
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    • 2007
  • Recently, in the korean construction industry, the importance of cost management in the building design process has been grown up institutional systems and policies for the cost management of design stages are however weakness. Traditionally, the range of cost management has been limited to the construction stages, and due to inefficiency of the infrastructure such as standards and building cost data for cost management. It has trouble to perform the cost management in building design process. This study intends to derive key influence factors for raising efficiency of cost management. With questionnaire surveys to professionals, we analyze a current situations and the influence of obstacle factors on cost management. Finally, the key influence factors are induced, based on the result of the analysis on influence the obstacle factors.