• Title/Summary/Keyword: cost-schedule data

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A Case on the Applying QDB based Schedule·Cost Data Management for Road Construction (디지털 수량산출정보 기반 도로분야 공정·공사비 정보 관리 시범적용 사례)

  • Moon, Jin Seok;Yoon, Hoi Soo;Han, Choong Han;Kim, Seong Jin
    • Proceedings of the Korea Information Processing Society Conference
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    • 2012.04a
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    • pp.1428-1429
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    • 2012
  • 건설분야 수량산출정보의 연계 및 교환을 위한 디지털 수량산출정보 교환표준과 지방국토관리청의 도로관리관점에 따라 구성된 작업분류체계를 바탕으로 도로분야 수량산출정보를 지원도구를 통해 생성한다. 건설사는 지원도구에서 작성한 도로공사 수량산출정보를 건설사업관리시스템에 등록함으로써 공정 공사비 관리에 활용하고 있다. 본 연구는 공정 공사비의 통합관리를 통해 실질적인 사업관리가 가능하도록 10개 도로건설공사 시범사업을 선정하여 문제점과 개선방안을 도출하였다.

USING PROCESS MAPPING IN CONSTRUCTION PROCESS TO REDUCE CHANGE ORDERS

  • Sang-Hoon Lee;Carolina Fuzetti;Lingguang Song;Kyungrai Kim
    • International conference on construction engineering and project management
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    • 2009.05a
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    • pp.616-621
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    • 2009
  • Change orders represent one of the largest sources of cost growth on construction projects, but an efficient change management control system can help the projects steer clear of the constant construction changes. This study was performed to achieve a better understanding of all changes and to develop a new set of Best Practices using process mapping techniques. The project data for this research were collected from case studies of aviation projects implemented in Houston, Texas at Bush Intercontinental Airport. The findings and contributions of this research should help owners and project managers determine and identify major causes that impact project budget and schedule and implement solutions prior to them surfacing.

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The Influence of Low Cost Airline's Flexible Fare Policy on Consumers' Perceptions of Price Fairness (저가항공사의 유동적 요금 전략이 소비자의 가격공정성 지각에 미치는 영향)

  • Hwang, Hee-Joong;Choi, Young-Keun
    • Journal of Distribution Science
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    • v.12 no.10
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    • pp.123-128
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    • 2014
  • Purpose - The purpose of the study is to reexamine the price fairness as practiced by low cost airlines, as a consumer has to experience such inconveniences as inferior airport transportation, extra fees on in-flight meals, and non-negotiable seats, and consumers evaluate such experiences keeping in mind their total costs. This evaluation includes price fairness and allows a reasonable and overall consideration of factors of low cost airlines. It tries to set up a measurement of the indicators consumers' perceptions of price fairness academically as it adapts price fairness to airline services which are renowned for price volatility. Research design, data, and methodology - The research proposes an alternative pricing strategy for the long term profit of low cost airlines after going over conflicts between the traditional theory of consumers' price perception mechanism and flexible fair policy of low cost airlines. It was meaningful when it relates to the early stage of the business, while it enhances the risks relating to the long term survival of low cost airlines. In addition, it is significant as it highlights the negative influences on consumers' perceptions of price fairness, as low cost airlines run on extremely low cost perspectives. Results - The results of the research provide insight into four perspectives, as consumers' perceptions of price fairness are influenced by the frequency and range of price changes and services. The first perspective is that it would lead to positive price evaluation when a low cost airline cuts prices frequently with little changes than one big change. It also would lead to the same result when it comes to necessary services. The second perspective is that one big increase of price would rather undermine the negative aspects of price changes than those of several smaller ones. The third perspective is that additional services would be good to consumers' perceptions of price fairness as compared to discount benefits with respect to the cost. Finally, a low cost airline should consider that consumers will change airlines or defer their flight schedule if the flight fares increase beyond their limits. Conclusions - Low cost airlines should reconsider their pricing policies for services that were provided free earlier. A consumer would not like discount benefits when made to pay for services that were, for long, free of charge. If a low cost airline can provide services with no charge, it should improve volumes if the costs are standardized and, moreover, should consider the charging fees. Alternatively, a consumer can choose between services and fair discount. Low cost airlines are implementing sales promotion strategies, as the competition is more intense than it used to be. In these days, they should regard services over sales promotion, as consumers may prefer to spend money on good premium services. Some differentiation in services could create a good market position for the airlines and, hence, good financial performance.

CASH FLOW FORECASTING IN CONSTRUCTION PROJECT (건설공사에서의 현금흐름 예측)

  • Park Hyung-Keun
    • Proceedings of the Korean Institute Of Construction Engineering and Management
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    • autumn
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    • pp.35-41
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    • 2002
  • This research introduces the development of a project-level cash flow forecasting model in construction stage based on the planned earned value and the cost from a general contractors view on a jobsite. Most previous models have been developed to assist contractors in their pre-tendering or planning stage cash flow forecasts. The critical key to cash flow forecasting at the project level is how to build a cash-out model. The basic concept is to use moving weights of cost categories in a budget over project duration. The cost categories are classified to compile resources with almost the same time lags that are based on contracting payment conditions and credit times given by suppliers or venders. For cash-in, net planned monthly-earned values are simply transferred to the cash-in forecast, to be applied there with billing time and retention money. Validation of the model involves applying data from on-going 4 projects in progress for 12 months. Based on the results of the comparative analyses through the simulation of the proposed model and the existing models, the proposed model is more accurate, flexible and simpler than traditional models to the employee of construction jobsite who is not oriented financial knowledge.

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A study on the method for the Integrated Cost Estimate based on Project(ICEP) of program management with typical model (기준모델을 사용한 종합사업관리용역비 산정방법(ICEP) 연구)

  • Baek, Myeongchang;Park, Junmo;Park, Gilbeom;Kim, Okkyue
    • Korean Journal of Construction Engineering and Management
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    • v.16 no.1
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    • pp.119-128
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    • 2015
  • Domestic dominant method in subcontract cost estimate for comprehensive program management is estimation by referencing similar cases or relying on the experience and expertise of the engaged. However, this method is not reliable due to lack of accuracy, making it harder for clients to plan and budget the program. Since budget itself is roughly estimated, it becomes a source of cost rise in the course of management due to design modifications. Therefore, the client and service providers shall calculate more accurate service cost by applying objective and scientific method in order to minimize cost rise and cost related dispute. Traditional cases, in estimating program management cost, took Top-Down approach based on precedents and experience. On the contrary, this study will categorize management structure into phases and activities, issue WBS for each phase to estimated schedule and cost for each code, and take Bottom-UP approach. By taking this approach named ICEP (Integrated Cost Estimate based on Project), Set project typical model will be developed for service cost estimating, calculate cost by applying project-specific factors. Also, by analyzing progress data and allocated management cost to complement them, more efficient construction management will take shape based on program management cost standards which reflect project-specific features.

An Efficient Hybrid Lighting Management System Implementation on Multi Protocol (다중 프로토콜 기반의 효율적인 하이브리드 조명관리 시스템 구현)

  • Hong, Sung-Il;Lin, Chi-Ho
    • Journal of IKEEE
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    • v.17 no.4
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    • pp.550-558
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    • 2013
  • In this paper, we propose an efficient hybrid lighting management system implementation on multiple protocol. The proposed hybrid lighting management system was implemented by configured as the data display part for management and control of lighting device and the data conversion-processing part the communication part of gateway. The data were designed the DB to enable to storage in real-time, and implemented able to manage by real time wireless remote control and schedule setting. The proposed an efficient hybrid lighting management system, it was possible the real-time monitoring and remote lighting control by peristalsis with smart devices and portable PC etc., and it could be obtained reduction effect of energy and electricity, communication cost.

The Hybrid Lighting Control System on Multiple Sensor (다중센서 기반의 하이브리드 조명제어 시스템)

  • Hong, Sung-Il;Lin, Chi-Ho
    • Journal of IKEEE
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    • v.17 no.3
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    • pp.301-308
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    • 2013
  • In this paper, we propose the hybrid lighting control system on multiple sensor. The proposed hybrid lighting control system was designed for management and control of street lightings by configured as the data display part of integration-interworking part, the data conversion-processing part of integrated management part, and the communication part of gateway system. The data are implemented to designing the DB to enable to storage in real-time by enable to monitoring by wireless remote control and schedule set. As a result of the efficiency verification of the proposed hybrid lighting control system, the hybrid lighting control system be to the real-time monitoring and remote lighting control was possible, because to peristalsis with smart devices and portable PC etc., and it could be obtained the effect of energy and electricity, communication cost reduction.

A study of Airline Choice Behavior of Air Freight Forwarders (화물운송주선업자의 항공사 선택행위 연구)

  • Kim, M.S.;Lee, D.S.;Yoo, K.E.
    • Journal of the Korean Society for Aviation and Aeronautics
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    • v.13 no.3
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    • pp.85-97
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    • 2005
  • The objective of this study is to investigate freight forwarders' airline choice behaviors in the Korean air cargo transportation market. This study identifies the major factors affecting airline choice and their relative importance by analyzing the data gathered by the survey from freight forwarders in Seoul. The questionnaire of the survey is composed of two parts; the first part is to identify the significant variables of airline choice and the second part is to gather the data about airline choice using stated preference techniques. The relative importance of major variables considered in forwarders' airline choice is estimated by the logit models calibrated with stated preference data. To strength the reliability of the analysis, this study segments the market by three routes; Seoul-Los Angeles, Seoul-Amsterdam and Seoul-Hongkong. The five major variables that are considered seriously in airline choice are reliability, space availability, frequency, cost and flight schedule. The utility trade-offs between variables are estimated by the ratio analysis of coefficients of logit model of each route, and the results of ratio analysis is interpreted as reflecting the reality of market conditions.

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3D WALK-THROUGH ENVIRONMENTAL MODEL FOR VISUALIZATION OF INTERIOR CONSTRUCTION PROGRESS MONITORING

  • Seungjun Roh;Feniosky Pena-Mora
    • International conference on construction engineering and project management
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    • 2009.05a
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    • pp.920-927
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    • 2009
  • Many schedule delays and cost overruns in interior construction are caused by a lack of understanding in detailed and complicated interior works. To minimize these potential impacts in interior construction, a systematic approach for project managers to detect discrepancies at early stages and take corrective action through use of visualized data is required. This systematic implementation is still challenging: monitoring is time-consuming due to the significant amount of as-built data that needs to be collected and evaluated; and current interior construction progress reports have visual limitations in providing spatial context and in representing the complexities of interior components. To overcome these issues, this research focuses on visualization and computer vision techniques representing interior construction progress with photographs. The as-planned 3D models and as-built photographs are visualized in a 3D walk-through model. Within such an environment, the as-built interior construction elements are detected through computer vision techniques to automatically extract the progress data linked with Building Information Modeling (BIM). This allows a comparison between the as-planned model and as-built elements to be used for the representation of interior construction progress by superimposing over a 3D environment. This paper presents the process of representing and detecting interior construction components and the results for an ongoing construction project. This paper discusses implementation and future potential enhancement of these techniques in construction.

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Interrelationship Analysis between Causal Factors of Construction Defect Using Association Rule Mining

  • Lee, Sang-Deok;Han, Sang-Won;Hyun, Chang-Taek
    • International conference on construction engineering and project management
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    • 2015.10a
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    • pp.627-628
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    • 2015
  • Construction defect which can causes economic damage such as schedule delay, cost overrun is a considerably important factor in construction industry. In general, a construction defect features a difficulty to find out causes precisely because it occurs when several interrelated causes combine. Yet, studies have tried to understand the interrelationships between factors are limited. In addition, despite of a tremendous amount of construction data, it's not still enough to analyze them, but tends to depend on experience or know-how of practitioners. Thus, it is necessary to identify underlying causes in influential factors by utilizing related data. This paper analyses Interrelationships between causal factors using Association Rule Mining to discover root causes of construction defects. Confidence and Lift that can be used for presenting the interrelationships of the causes were extracted from 1241 cases in 30 projects in Korea. It is expected that this paper allows the construction managers to discover key factors and make right decisions to reduce occurrence of construction defects. Furthermore, analysis of interrelationships can improve understanding of structural patterns of construction defects.

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