• Title/Summary/Keyword: Construction Management Companies

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The Current State and Future Directions of Industrial Robotic Arms in Modular Construction

  • Song, Seung Ho;Choi, Jin Ouk;Lee, Seungtaek
    • International conference on construction engineering and project management
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    • 2022.06a
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    • pp.336-343
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    • 2022
  • Industrial robotic arms are widely adopted in numerous industries for manufacturing automation under factory settings, which eliminates the limitations of manual labor and provides significant productivity and quality benefits. The U.S. modular construction industry, despite having similar controlled factory environments, still heavily relies on manual labor. Thus, this study investigates the U.S., Canada, and Europe-based leading modular construction companies and research labs implementing industrial robotic arms for manufacturing automation. The investigation mainly considered the current research scope, industry state, and constraints, as well as identifying the types and specifications of the robotic arms in use. First, the study investigated well-recognized modular building associations, the Modular Building Institute (MBI), and renowned architecture design magazine, Dezeen to gather industry updates. The authors discovered one university lab and a few companies that adopted Switzerland-based robotic arms, ABB. Researching ABB robotics led to the discovery of ABB's competitor, Germany-based KUKA robotic arms. Consequently, research extended to the companies and labs adopting KUKA models. In total, this study has identified seven modular companies and four research labs. All companies employed robotic arms and gantry robot combinations in a production-line-like system for partial automation, and some adopted design standardization for optimization. The common goal among the labs was to achieve greater flexibility and full automation with robotic arms. This study will help companies better implement robotic arm automation by providing recommendations from investigating its current industry status.

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Suggestion of Project Information Management System for Small & Medium Sized Construction Companies through Analysis of Information Management Structure (프로젝트 정보관리체계 분석을 통한 중소건설업체 프로젝트 정보관리시스템 모델 제안)

  • Lee Tai-Sik;Koo Ja-Kyung;Lee Sang-Yub;Kim Young-Hyun
    • Proceedings of the Korean Institute Of Construction Engineering and Management
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    • autumn
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    • pp.549-552
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    • 2003
  • Small & medium-sized construction companies(SMCC), they has lot's of problem like poor finance, a lack of specialists, and a shortage of professional skill. So the basic condition of SMCC is not good for small construction companies. In this situation, moreover SMCC has been influenced by big-sired construction companies(BCC) difficult after the crisis of economics of Korea, IMF. Therefore it is necessary that we strengthen competitive power of SMCC for survival. This research is about project management for SMCC. We analized information system which is developed from SI corporation and BCC. As this research, we want to build and organize project information management system for SMCC. This will make SMCC have more competitiveness and increase productivity efficiency, skill for information management of project given.

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An analysis on the International Construction Market and the Business Performance of Top Contractors after the Global Financial Crisis

  • Sung, Yookyung;Choi, Seok-In
    • International conference on construction engineering and project management
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    • 2015.10a
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    • pp.736-737
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    • 2015
  • In these days, international construction market including construction companies has much grown due to globalization and economic boom in the mid 2000's. The size of international construction market, measured with overseas revenue of 225 construction firms, has expanded 2.7 times from 2003 to 2008 according to the ENR. However, after the global financial crisis of 2008 it has faced condition of low growth. In this research, major changes of international construction market and top contractors have been studied. In this study, changes of international construction market have been analyzed in the aspect of region and product including general buildings, transportation, petroleum, etc. Then, in order to find the changes of top contractors which obtained good accomplishment, business performance of companies have been examined by the compound annual growth rate, profit margin and international revenue by comparing the data before 2008 and after. The purpose of the study is to understand major changes of international construction market. Also, strategy changes of top contractors against market stagnation, profit depreciation, high competition have been inferred through the study. The result of the study would contribute to analyzing the strategies of construction companies in international market.

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PREDICTING CORPORATE FINANCIAL CRISIS USING SOM-BASED NEUROFUZZY MODEL

  • Jieh-Haur Chen;Shang-I Lin;Jacob Chen;Pei-Fen Huang
    • International conference on construction engineering and project management
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    • 2011.02a
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    • pp.382-388
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    • 2011
  • Being aware of the risk in advance necessitates intricate processes but is feasible. Although previous studies have demonstrated high accuracy, their performance still leaves room for improvement. A self-organizing feature map (SOM) based neurofuzzy model is developed in this study to provide another alternative for forecasting corporate financial distress. The model is designed to yield high prediction accuracy, as well as reference rules for evaluating corporate financial status. As a database, the study collects all financial reports from listed construction companies during the latest decade, resulting in over 1000 effective samples. The proportion of "failed" and "non-failed" companies is approximately 1:2. Each financial report is comprised of 25 ratios which are set as the input variable s. The proposed model integrates the concepts of pattern classification, fuzzy modeling and SOM-based optimization to predict corporate financial distress. The results exhibit a high accuracy rate at 85.1%. This model outperforms previous tools. A total of 97 rules are extracted from the proposed model which can be also used as reference for construction practitioners. Users may easily identify their corporate financial status by using these rules.

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Guideline for Web 2.0 Cluster based Process and Performance Management System (Web 2.0 Cluster 기반의 공정 및 성과관리 시스템 구축에 따른 운영방안 제시)

  • Ong, Ho-Kyoung;Ahn, Jae-Gyu;Kim, Dae-Young
    • Proceedings of the Korean Institute Of Construction Engineering and Management
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    • 2007.11a
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    • pp.899-904
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    • 2007
  • Process management techniques are highly important in the construction industry. However, indicators or details of assessment which will show process management and its performance are still very insufficient. In particular, it is true that local corporations or small and medium sized companies suffer more difficulties than ones in metropolitan areas. Therefore, it is necessary to prepare a flexible process management and performance assessment system suited to field situations. This study identified problems of local small and medium sized companies, implemented a process and performance management system using the Lean concept, and systemized a web-based system. Also, the study proposed operational strategies so that small and medium construction companies may access and use the system easily. This will ensure the competitiveness of local small and medium sized companies, will pursue visible outcomes such as construction period reduction and construction cost reduction, and will be utilized as data related to performance assessment both during construction progress and after construction.

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Strengthening Plant Market Competitiveness in the Construction Firms;A Corporate Strategy (해외 플랜트 건설 분야의 현황 분석을 통한 경쟁력 강화전략 도출)

  • Lee, Tai-Sik;Lee, Kkoch-Nim;Koo, Ja-Kyung
    • Proceedings of the Korean Institute Of Construction Engineering and Management
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    • 2006.11a
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    • pp.317-321
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    • 2006
  • Construction companies do not take necessary steps for sudden change in the Construction market, In order to over come the problem, it is necessary to make Corporate Strategy through correct Market analysis. If construction companies want to secure continuance profits, they must prepare proper strategy to advance into plant market. This research performs both external and internal environment analysis, External environment analysis is for overseas construction market and advanced foreign companies, and internal environment analysis is the current status of domestic companies. The research identifies some of the Key points, growth in foreign plant market is huge, but domestic companies do not have abundant construction experience on the same field and also they lack in high value-added techniques. They are far behind the advanced companies; they don't have proper skills of Procurement, engineering and project management. This study suggests a strategy for domestic companies to take necessary step to advance into plant construction market.

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Developing an Organization Model through the analysis of Organization Characteristics and Management Performances of Domestic Large Construction Firms (국내 대형건설기업의 조직구조 및 경영성과 분석을 통한 조직모형 개발)

  • Kim Yong-Gu;Kim Sun-Kuk
    • Korean Journal of Construction Engineering and Management
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    • v.5 no.5 s.21
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    • pp.109-116
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    • 2004
  • Recently, many korean construction companies have faced many environmental changes and demands for external changes. This demand for external changes is necessary for all companies that is under the survival of fittest. The internal/external of environmental changes affect the organizations of company largely, and these management organizations have relation with the corporate of management performance closely. In response to that, to be adapted to the environmental change and to raise the corporate of management performance, the construction companies have tried to change the organizations such as organization re-design, organization re-build, organization innovation. Because the organizational structure that is preventive in the growth of companies bring a negative effect, the companies need to have the effective organizations to raise the corporate value. The effective organizations could be used the important indicator that builds the corporate goals and manages the organizations. Also, the organization development and organization management can prepare for environmental changes can be the important base to increase the management performance. Therefore, After surveying and analyzing the character of organization structure in respect to the OLC, this study present the Organization Structure Model that can design the appropriate organization by the growth of companies.

A Study on the Competitiveness Evaluation of Korean, Chinese, and Japanese Construction Companies in Vietnam (베트남에 진출한 한국·중국·일본 건설기업의 경쟁력 평가 연구)

  • Park, Hwan-Pyo
    • Journal of the Korea Institute of Building Construction
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    • v.21 no.1
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    • pp.61-69
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    • 2021
  • The size of Vietnam's construction market has been on a steady rise recently, and foreign construction companies such as China and Japan have been expanding their presence. Therefore, this study examined the design capabilities, construction capabilities, and construction project management capabilities of Korean, Chinese, and Japanese construction companies operating in Vietnam and local construction companies operating in Vietnam. As a result, it was found that Japan, Korea, China, and Vietnam were competitive in order. In particular, Korea's competitiveness in high-rise buildings and plants has been shown to be highly competitive in Vietnam. Based on these results, the government proposed measures to strengthen the competitiveness of Korean construction companies in Vietnam.

A Study on the Current Situations about the Use of Big Data for Cost Estimating Tasks in CM Companies (CM사 견적업무의 빅데이터 활용 현황에 관한 연구)

  • Kim, Hyeon Jin;Kim, Han Soo
    • Korean Journal of Construction Engineering and Management
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    • v.22 no.6
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    • pp.24-33
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    • 2021
  • Cost management is a major function of CM (construction management) companies for clients and cost estimating is a critical task in that it provides a baseline for cost management and a foundation for decision making in construction projects. For this purpose, CM companies need to obtain and use good quality data, which leads to more accurate and efficient cost estimating. As the use of big data becomes increasingly important in the construction industry, researches related to the theme have become the active areas of studies. However, literature review shows that the current situations in relation to the use of big for cost estimating of CM companies are under-researched. The objective of the study is to identify key characteristics and implications in the use of big data for cost estimating of CM companies, which can contribute to develop strategies for such purposes.

A Study of Domestic Construction Quality Management Factor Analysis - (using Covariance Structure Model) (국내건설현장 품질경영 요인 분석에 관한 연구(공분산구조모델을 이용))

  • Kim Tae Sung;Koo Il Seob;Lim Nam Gyu
    • Journal of the Korea Safety Management & Science
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    • v.7 no.3
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    • pp.29-36
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    • 2005
  • This research has been conducted in order to assess the effects on quality management factor of the construction sites. 30 companies abiding by the 'construction industry law' and 32 companies abiding by the 'housing construction promotion law' have been researched in areas of quality-management environment, quality-management understanding, quality-management education on construction field, quality-system and quality-improvement. This construction quality factors are to realized the anticipated results not only quality level's increasing, but also company's confidence, competitiveness. We were able to obtain participations of 62 questionnaire, and derived statistics by means of SPSS/PC version 10.0. In this study, we find the bottleneck factor for promotion and upgrade quality management factor of the construction sites and suggest a way out of difficulties.