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Profitability Influence Factor Analysis by Apartment Remodeling Case Study  

Lee, Kwang-Seob (아주대학교 건축학부)
Kim, Ki-Hyun (아주대학교 건축학부)
Kim, Kyung-Rai (아주대학교 건축학부)
Shin, Dong-Woo (아주대학교 건축학부)
Publication Information
Korean Journal of Construction Engineering and Management / v.8, no.2, 2007 , pp. 127-135 More about this Journal
Abstract
Markets for the apartment remodeling projects will be a major portion of the construction industry in near future. However, only partial remodeling works in the apartment were done so far. This situation caused bad impact to expand the remodeling markets and less profits of the remodeling projects. In order to solve this problem, many other researches were done previously to Improve profits of the apartment remodeling projects. However, the results are too theoretical to implement them and Improve profits. In this research, profitability influence factors that are possible to improve effect of the remodeling works are selected and analyzed through several studies. Then, correlation analysis is performed between the improvement level in the remodeling projects and the numerical profitability based on actual cases. The result clearly shows that some improved remodeling items are strongly related to the profit. These results lead us to the strategy to follow for the purpose of increasing profits of the remodeling projects.
Keywords
Remodeling; Profitability; Influence Factor; Correlation Analysis;
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