• Title/Summary/Keyword: Cost Performance

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COST PERFORMANCE PREDICTION FOR INTERNATIONAL CONSTRUCTION PROJECTS USING MULTIPLE REGRESSION ANALYSIS AND STRUCTURAL EQUATION MODEL: A COMPARATIVE STUDY

  • D.Y. Kim;S.H. Han;H. Kim;H. Park
    • International conference on construction engineering and project management
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    • 2007.03a
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    • pp.653-661
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    • 2007
  • Overseas construction projects tend to be more complex than domestic projects, being exposed to more external risks, such as politics, economy, society, and culture, as well as more internal risks from the project itself. It is crucial to have an early understanding of the project condition, in order to be well prepared in various phases of the project. This study compares a structural equation model and multiple regression analysis, in their capacity to predict cost performance of international construction projects. The structural equation model shows a more accurate prediction of cost performance than does regression analysis, due to its intrinsic capability of considering various cost factors in a systematic way.

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Development of SWRO-PRO hybrid process simulation and cost estimation program (역삼투-압력지연삼투 조합공정 공정모사 및 비용예측 프로그램 개발)

  • Choi, Yongjun;Shin, Yonghyun;Lee, Sangho;Kim, Seung-Hyun
    • Journal of Korean Society of Water and Wastewater
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    • v.30 no.3
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    • pp.299-312
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    • 2016
  • The main objective of this paper is to develop computer simulation program for performance evaluation and cost estimation of a reverse osmosis (RO) and pressure-retarded osmosis (PRO) hybrid process to propose guidelines for its economic competitiveness use in the field. A solution-diffusion model modified with film theory and a simple cost model was applied to the simulation program. Using the simulation program, the effects of various factors, including the Operating conditions, membrane properties, and cost parameters on the RO and RO-PRO hybrid process performance and cost were examined. The simulation results showed that the RO-PRO hybrid process can be economically competitive with the RO process when electricity cost is more than 0.2 $/kWh, the PRO membrane cost is same as RO membrane cost, the power density is more than $8W/m^2$ and PRO recovery is same as 1/(1-RO recovery).

Analysis of the Construction Cost Prediction Performance according to Feature Scaling and Log Conversion of Target Variable (피처 스케일링과 타겟변수 로그변환에 따른 건축 공사비 예측 성능 분석)

  • Kang, Yoon-Ho;Yun, Seok-Heon
    • Journal of the Korea Institute of Building Construction
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    • v.22 no.3
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    • pp.317-326
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    • 2022
  • With the development of various technologies in the area of artificial intelligence, a number of studies to application of artificial intelligence technology in the construction field are underway. Diverse technologies have been applied to the task of predicting construction costs, and construction cost prediction technologies applying artificial intelligence technologies have recently been developed. However, it is difficult to secure the vast amount of construction cost data required for machine learning, which has not yet been practically used. In this study, to predict the construction cost, the latest artificial neural network(ANN) method is used to propose a method to improve the construction cost prediction performance. In particular, to improve predictive performance, a log conversion method of target variables and a feature scaling method to eliminate the difference in the relative influence of each column data are applied, and their performance in predicting construction cost is compared and analyzed.

The use of cost-benefit analysis in performance-based earthquake engineering of steel structures

  • Ravanshadnia, Hamidreza;Shakib, Hamzeh;Ansari, Mokhtar;Safiey, Amir
    • Earthquakes and Structures
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    • v.22 no.6
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    • pp.561-570
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    • 2022
  • It is of great importance to be able to evaluate different structural systems not only based on their seismic performance but also considering their lifetime service costs. Many structural systems exist that can meet the engineering requirements for different performance levels; therefore, these systems shall be selected based on their economic costs over time. In this paper, two structural systems, including special steel moment-resisting and the ordinary concentric braced frames, are considered, which are designed to meet the three performance levels: Immediate Occupancy (IO), Life Safety (LS), Collapse Prevention (CP). The seismic behavior of these two systems is studied under three strong ground motions (i.e., Tabas, Bam, Kajour earthquake records) using the Perform3D package, and the incurred damages to the studied systems are examined at two hazard levels. Economic analyses were performed to determine the most economical structural system to meet the specified performance level requirements, considering the initial cost and costs associated with damages of an earthquake that occurred during their lifetime. In essence, the economic lifetime study results show that the special moment-resisting frames at IO and LS performance levels are at least 20% more economical than braced frames. The result of the study for these building systems with different heights designed for different performance levels also shows it is more economical from the perspective of long-term ownership of the property to design for higher performance levels even though the initial construction cost is higher.

A study on the effect of ERP Construction strategy and IT Consulting Service Quality on Performance (ERP 구축 전략과 IT컨설팅 서비스품질이 도입 성과에 미치는 영향)

  • Ha, Tae-Yong;You, Yen-Yoo
    • Journal of the Korea Convergence Society
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    • v.9 no.9
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    • pp.217-228
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    • 2018
  • It is aimed at providing a guide for effective ERP implementation strategy in view of the need for differentiation and cost advantage strategy from competitors in introducing ERP centered on SMEs. The results show that differentiation and cost superiority and service quality are dependent on the introduction performance and mediating effect. First, the differentiation or cost advantage strategy supports the previous research results in financial performance. However, in the differentiation strategies, only the non-financial aspects were noted. Second, the differentiation and cost advantage strategy were analyzed to have financial performance only in the assurance of service quality factor and the remaining service quality was not significant in the introduction performance. Third, the mediating effect of consulting service quality was analyzed in terms of differentiation or cost advantage Did not do it. In conclusion, system construction is different from financial perspective in terms of construction strategy. In service quality factor, it affects the confidence that supplier provides, knowledge and confidence, and ability to give faith.

Empirical Evaluation of BIM Coordinator Performance using Queuing Model in Construction Phase (대기행렬 모형을 활용한 시공단계 BIM 코디네이터 업무 성과 분석)

  • Ham, Nam-Hyuk;Yuh, Ok-Kyung;Ji, Kyu-Hyun
    • Journal of KIBIM
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    • v.8 no.3
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    • pp.31-42
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    • 2018
  • This study focuses on the BIM request for information(RFI) processing performance and quantitatively analyzes the performance of the BIM coordinator and the loss due to the waiting of the project participants. For these purposes, a method to quantitatively evaluate the performance of the BIM coordinator was proposed using a queueing model. For the verification, two projects in which BIM was applied in the construction phase were selected, and the BIM RFI data were collected through the analysis of the BIM monthly report and BIM coordinator work log of each project. In addition, the BIM input personnel, labor cost, and productivity data were collected through interviews with the experts of the case projects. The analysis of the BIM RFI processing performance of the BIM coordinator using the queueing model exhibited on a probabilistic basis that the waiting status of the project participants could vary depending on the preliminary BIM application to the design verification as well as the input number and level of the BIM coordinator personnel. In addition, the loss cost due to the waiting of the project participants was analyzed using the number of BIM RFIs waiting to be processed in the queueing system. Finally, the economic feasibility analysis for the optimal BIM coordinator input was performed considering the loss cost. The results of this study can be used to make decisions about the optimal BIM coordinator input and can provide grounds for the BIM return on investment (ROI) analysis considering the waiting cost of the project participants.

Energy Consumption Characteristics and Evaluation of Thermal Insulation Performance in Accordance with Built Year of Apartment Complex (공동주택의 준공연도에 따른 단열성능 평가 및 에너지소비 특성에 관한 연구)

  • Choi, Doo Sung;Lee, Myung Eun;Chun, Hung Chan
    • KIEAE Journal
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    • v.14 no.3
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    • pp.79-86
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    • 2014
  • Studies have shown that the thermal performance of buildings changes depending on the year of construction completion. It leads to increased energy consumption of buildings and significant financial burden on users. Thus, this study has calculated the thermal insulation performance of 86 apartments quantitatively, using temperature difference ratio and sensible heat flux. Also, energy consumption characteristics depending on the year of construction completion and thermal insulation performance were analyzed by comparatively analyzing the results of insulation performance evaluation and heating costs. The analysis results are as follows. As for thermal insulation performance, it was around 70% lower in the apartments completed before 1985, compared to apartments completed after 2010. As for heating costs, the apartments with the highest heating cost incurred 1.5 higher heating cost than the apartment with the lowest heating cost. In terms of the insulation performance evaluation, the difference was 2.5-fold.

Revisiting the Effect of Financial Elements on Stock Performance Using Corporate Social Responsibility Cost Growth

  • JOUHA, Faraj;ALBAKAY, Khalleefah;GHOZALI, Imam;HARTO, Puji
    • The Journal of Asian Finance, Economics and Business
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    • v.8 no.1
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    • pp.767-780
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    • 2021
  • The purpose of this research is to analyze the effect of financial elements (asset growth, liability growth, equity growth, revenue growth, and profit growth) on stock price performance and to analyze the growth of Corporate Social Responsibility (CSR) costs as a moderating effect. The technique analysis used is regression analysis. Samples in this analysis are manufacturing firms listed on the Indonesian Stock Exchange (IDX) for the period 2014-2018. The use of regression models for hypothesis testing must fulfill several applicable assumptions such as Normality Test, Heteroscedasticity Test, Multicollinearity Test, Autocorrelation Test, Model Fit Test, Determination Coefficient Test, and Hypothesis Test. Data analysis used two research models, namely model 1 and model 2. Model 1 is without the moderating variable, and model 2 is with the moderating variable, that is, CSR cost growth. Based on the result of the regression analysis, it can be inferred that the asset, revenue, and profit growth have a positive impact on stock price results. Liabilities and equity growth do not affect stock price performance. Operating expense growth has a significant effect on price performance. CSR cost growth can moderate the effect of growth in financial statement elements on stock price performance but is not significant.

Adhesive Flip Chip Technology

  • Paik, Kyung-W
    • Proceedings of the International Microelectronics And Packaging Society Conference
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    • 2000.10a
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    • pp.7-38
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    • 2000
  • Performance, reliability, form factor drive flip chip use. BGAs and CSPs will provide stepping stone to FC DCA .Growing vendor infrastructure - Low cost, high density organic substrates -New generations of fluxes and underfills .Adhesives flip chip technology as a low cost flip chip alternatives -Low cost Au stud or Electroless Ni bumps -Reliable thermal cycling and electrical performance.

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Economic Complete Inspection Plans for Grading Product Quality (품질 등급화를 위한 경제적 전수검사방식)

  • Hong, Sung-Hoon
    • Journal of Korean Institute of Industrial Engineers
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    • v.22 no.3
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    • pp.473-483
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    • 1996
  • For situations where there are several markets with different price/cost structures, economic complete inspection plans are developed for determining the market to ship the product to. Two complete inspection plans are considered; the plan based on the performance variable of interest, and the plan based on a variable which is correlated with the performance variable. Profit models are constructed which involve selling price, cost incurred by imperfect quality, and quality inspection cost. Methods of finding the optimal complete inspection plans are presented and a numerical example is given.

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