• Asia pacific journal of information systems
• /
• v.9 no.3
• /
• pp.93-110
• /
• 1999

The previous studies regarding the stock returns have advocated that industry effects exist over entire industry. As the industry categories are more rigid, the demand for predicting the industry sectors is rapidly increasing. The advances in Artificial Intelligence and Neural Networks suggest the feasibility of a valuable computational model for stock returns prediction. We propose a sector-factor model for predicting the return on industry stock index using neural networks. As a substitute for the traditional models, neural network model may be more accurate and effective alternative when the dynamics between the underlying industry features are not well known or when the industry specific asset pricing equation cannot be solved analytically. To assess the potential value of neural network model, we simulate the resulting network and show that the proposed model can be used successfully for banks and general construction industry. For comparison, we estimate models using traditional statistical method of multiple regression. To illustrate the practical relevance of neural network model, we apply it to the predictions of two industry stock indexes from 1980 to 1995.

• Proceedings of the Korean Institute of Building Construction Conference
• /
• 2016.05a
• /
• pp.19-20
• /
• 2016

Domestic construction industry has experienced many difficulties as it has been on a downward. It's a way that active modular structure market to solve this problem. However, as Modular structure technical standard in Korea is in the early stages, our modular factory maufactured rate is almost 40% lower than overseas. Besides, there is less design diversity so it just applies for a few buildings like low-rise building and general group barrackes. To deal with these problems, it is essential to modulating the equipment which can improve the production rate. This will help to ensure the quality, shortening of the construction period, the reduction of labor costs. We have defined the name of segmented by each installation location of the equipment to modulating equipment. And it was examined the suitability of the modulating of the location-specific utility system. The results of the analysis are discussed on the page.

• Safety and Health at Work
• /
• v.12 no.2
• /
• pp.277-281
• /
• 2021

Singapore's construction sector employs more than 450,000 workers. During the height of the COVID-19 pandemic in Singapore from April to June 2020, migrant workers were disproportionately affected, including many working in the construction sector. Shared accommodation and construction worksites emerged as nexuses for COVID-19 transmission. Official government resources, including COVID-19 epidemiological data, 43 advisories and 19 circulars by Singapore's Ministries of Health and Manpower, were reviewed over 8 month period from March to October 2020. From a peak COVID-19 incidence of 1,424.6/100,000 workers in May 2020, the incidence declined to 3.7/100,000 workers by October 2020. Multilevel safe management measures were implemented to enable the phased reopening of construction worksites from July 2020. Using the Swiss cheese risk management model, the authors described the various governmental, industry, supervisory and worker-specific interventions to prevent, detect and contain COVID-19 for safe resumption of work for the construction sector.

• International conference on construction engineering and project management
• /
• 2013.01a
• /
• pp.52-59
• /
• 2013

The use of economic incentives to improve H&S performance in the construction industry in general, has been investigated by various scholars. However, few studies have looked at the impact of economic incentives on construction clients especially in the developing world. Therefore it was necessary to investigate specifically the impact of the economic incentive on client's H&S performance. Economic incentives are considered to be a proactive way of improving H&S performance. The investigation was conducted using a Delphi technique to determine the impact significance of the economic incentive or disincentive on construction clients' H&S performance. Findings from the study were that the economic factor had critical impact significance on clients' H&S performance. Further clients were 'very likely to' implement various H&S elements as a result of the economic incentive and disincentive. The paper will report on the findings from an analysis of impact significance of the economic incentives on clients. It will underscore the point that economic incentives or disincentives on construction clients are necessary to encourage them to actively participate in H&S performance improvement.

• Proceedings of the Korean Institute Of Construction Engineering and Management
• /
• 2008.11a
• /
• pp.321-325
• /
• 2008

3D and BIM technology are presumed to be used more and more in the construction industry. The scope of this paper arose from a general wondering of how the constructor in general can benefit from the use of 3D models. Presented herewith is the first application of BIM in Korea to a actual bridge construction site located in Cheongpoong in Chooncheongbook-Do. This paper tries to integrate design, cost and schedule under location-based conditions with industry-specific solution for 3D modeling. 292 activities constitute the cable-stayed bridge of 442m long with a main span of 327m long. Integration of 3D model, cost and schedule is shown by comparing the measurements of works at a specific time by use of 2 different construction sequencing scenarios and cost breakdown structures.

• Journal of Digital Convergence
• /
• v.19 no.5
• /
• pp.153-161
• /
• 2021

This study examined whether the probability of a tax investigation by the general construction industry could reduce the entertainment expenses in order to confirm whether a tax investigation can reduce excessive discretionary expenses of firms. Among the general construction industry listed on the KOSPI and KOSDAQ from 2011 to 2018, 274 firms with sales exceeding 10 billion won in the previous year were targeted at the tax audit selection rate and the tax audit detection rate, which is a proxy for the possibility of a tax investigation. The effect of the ratio of entertainment expenses to sales and the increase rate of entertainment expenses was verified. As a result of the analysis, both the selection rate and the detection rate of the tax investigation have a significant negative effect on the proxy variable of the discretionary expenses measured as the proportion of entertainment expenses and the increase rate of entertainment expenses. The results of this study showed that the tax investigation is a means to curb the excessive expenditure of the firm's discretionary expenses, thus suggesting the direction for the taxation policy and the effectiveness of the tax investigation.

• International Journal of Computer Science & Network Security
• /
• v.21 no.7
• /
• pp.87-92
• /
• 2021

Analysis of current state of construction industry functioning in Ukraine allows us to identify a number of problems having negative impact on sustainable development of construction industry, especially in terms of its organization. Therefore, it is absolutely essential to study existing methods of organization system supplying construction sites with necessary material resources. Companies can develop their own logistics departments, which independently solve logistics issues related to transportation organization and management, accounting and inventory management, acquisition and warehousing, intercommunication (ability to obtain both final and intermediate information during transporting materials). Using a complex of methods is substantiated: the hierarchy analysis method (Saati's method), the network method, the defect elimination algorithm DEA, the transportation problem that finds optimal problem solutions for construction sector with the purpose of rational supplying uninterrupted construction with building resources in the designed model "provider-transportation-costs".

• The Journal of the Korea Contents Association
• /
• v.21 no.8
• /
• pp.356-366
• /
• 2021

The high-tech industry, a leader in the national economy, has a larger investment cost compared to general buildings, a shorter construction period, and requires continuous investment. Therefore, accurate construction cost prediction and quick decision-making are important factors for efficient cost and process management. Overseas, the construction information classification system has been standardized since 1980 and has been continuously developed, improving construction productivity by systematically collecting and utilizing project life cycle information. At domestic construction sites, attempts have been made to standardize the classification system of construction information, but it is difficult to achieve continuous standardization and systematization due to the absence of a standardization body and differences in cost and process management methods for each construction company. Particular, in the case of the high-tech industry, the standardization and systematization level of the construction information classification system for high-tech facility construction is very low due to problems such as large scale, numerous types of work, complex construction and security. Therefore, the purpose of this study is to construct a construction information classification system suitable for high-tech facility construction through collection, classification, and analysis of related project data constructed in Korea. Based on the WBS (Work Breakdown Structure) and CBS (Cost Breakdown Structure) classified and analyzed through this study, a code system through hierarchical classification was proposed, and the cost model of buildings by linking WBS and CBS was three-dimensionalized and the utilized method was presented. Through this, an information classification system based on inter-relationships can be developed beyond the one-way tree structure, which is a general construction information classification system, and effects such as shortening of construction period and cost reduction will be maximized.

• Journal of Construction Engineering and Project Management
• /
• v.5 no.2
• /
• pp.1-10
• /
• 2015

There is a high confidence based on scientific evidence that climate is changing over time. Now climate change is considered as one of the challenges facing the construction industry. As no project is risk free and climate change has a strong impact on the different phases of the construction project lifecycle. This research aimed at providing a platform of knowledge for the construction management practitioners about the impacts of climate change on the construction projects lifecycle, identify the most dangerous climate change factors on the construction project lifecycle, and identify the most affected phase by climate change factors through the construction projects lifecycle. The study depended on the opinions of civil engineers who have worked in the construction projects field among the reality of Gaza Strip. Questionnaire tool was adopted as the main research methodology in order to achieve the desired objectives. The questionnaire included 127 factors in order to obtain responses from 88 construction practitioners out of 98 representing 89.79% response rate about the influence of climate change on the generic lifecycle of construction projects. The results deduced that the most significant influence on the construction project lifecycle was related to the extreme weather events, rainfall change, and temperature change respectively. There was a general agreement between the respondents that the most affected phase by temperature, rainfall, and extreme weather events is the execution phase. The results also asserted with a high responses scale on the need to alternative procedures and clear strategies in order to face the climate change within construction industry.

• Journal of the Korea Safety Management & Science
• /
• v.17 no.3
• /
• pp.23-32
• /
• 2015

Recently, the Ministry of Labour, published clause 2 of Article 41 (Risk Assessment) of the Act "Industrial Safety and Health" dated 12 June 2013 in connection with continuous increase of accidents at construction sites in order to prevent accidents in industrial safety and health in new construction in accordance with the risk assessment on construction projects are realized after March 13, 2014. In this paper, positive method of calculating risk discussed by performing research the awareness of general contractors and sub-contractors with presenting risky situation is considered. The purpose will be a positive method of calculating risk and would be a sufficient base and give a positive direction in the development of new systems currently working in the construction and risk assessment which consider the characteristics of sufficient risk assessment system for future research.