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http://dx.doi.org/10.5345/JKIBC.2018.18.3.285

Feasibility Model Development by Applying System Dynamics Method in Residential Officetel  

Jang, Jun-Ho (School of Architectural Engineering, University of Ulsan)
Ha, Sun-Geun (School of Architectural Engineering, University of Ulsan)
Kim, Kyeong-Ryoung (School of Architectural Engineering, University of Ulsan)
Son, Ki-Young (School of Architectural Engineering, University of Ulsan)
Son, Seung-Hyun (Department of Architectural Engineering, Kyunghee University)
Lee, Taick-Oun (Department of Architecture, Yeungnam University College)
Publication Information
Journal of the Korea Institute of Building Construction / v.18, no.3, 2018 , pp. 285-294 More about this Journal
Abstract
Due to the low interest rates of banks according to the breakdown economy after the global financial crisis in 2008 As a substitute for financial products, the investment demand has been increased for rentable investment funds such as commercial building and officetel. However, the problems such as oversupply, decrease of a rental profit and negative perception of development projects have been occurred. One of the primary problems is the existing deterministic method of project feasibility analysis. Therefore, the objective of this study is to develop feasibility model by applying system dynamics method in residential officetel. To achieve the objective, first, the previous studies are investigated. Second, the causal loop diagram is structured based on the collected data. Third, the feasibility model is developed through the causal loop diagram. Fourth, the effectiveness is validated and compared to collected actual data. The proposed model can be helpful whether or not conduct execution of an officetel development project to the decision makers.
Keywords
officetel; feasibility analysis; system dynamics; causal loop diagram;
Citations & Related Records
Times Cited By KSCI : 1  (Citation Analysis)
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