• Title/Summary/Keyword: Performance and Cost Analysis.

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Empirical Evaluation of BIM Coordinator Performance using Queuing Model in Construction Phase (대기행렬 모형을 활용한 시공단계 BIM 코디네이터 업무 성과 분석)

  • Ham, Nam-Hyuk;Yuh, Ok-Kyung;Ji, Kyu-Hyun
    • Journal of KIBIM
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    • v.8 no.3
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    • pp.31-42
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    • 2018
  • This study focuses on the BIM request for information(RFI) processing performance and quantitatively analyzes the performance of the BIM coordinator and the loss due to the waiting of the project participants. For these purposes, a method to quantitatively evaluate the performance of the BIM coordinator was proposed using a queueing model. For the verification, two projects in which BIM was applied in the construction phase were selected, and the BIM RFI data were collected through the analysis of the BIM monthly report and BIM coordinator work log of each project. In addition, the BIM input personnel, labor cost, and productivity data were collected through interviews with the experts of the case projects. The analysis of the BIM RFI processing performance of the BIM coordinator using the queueing model exhibited on a probabilistic basis that the waiting status of the project participants could vary depending on the preliminary BIM application to the design verification as well as the input number and level of the BIM coordinator personnel. In addition, the loss cost due to the waiting of the project participants was analyzed using the number of BIM RFIs waiting to be processed in the queueing system. Finally, the economic feasibility analysis for the optimal BIM coordinator input was performed considering the loss cost. The results of this study can be used to make decisions about the optimal BIM coordinator input and can provide grounds for the BIM return on investment (ROI) analysis considering the waiting cost of the project participants.

The Prediction Performance of the CART Using Bank and Insurance Company Data (CART의 예측 성능:은행 및 보험 회사 데이터 사용)

  • Park, Jeong-Seon
    • The Transactions of the Korea Information Processing Society
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    • v.3 no.6
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    • pp.1468-1472
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    • 1996
  • In this study, the performance of the CART(Classification and Regression Tree) is compared with that of discriminant analysis method. In most experiments using bank data, discriminant analysis shows better performance in terms of the total cost. In contrast, most experiments using insurance data show that the CART is better than discriminant analysis in terms of the total cost. The contradictory result are analysed by using the characteristics of the data sets. The performances of both the Classification and Regression Tree and discriminant analysis depend on the parameters:failure prior probability, data used, type I error, type II error cost, and validation method.

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Analysis of physical properties of high-performance concrete using domestic low-cost silica fume (국산 저가형 실리카퓸을 이용한 고성능 콘크리트의 물리적 특성 분석)

  • Kim, Sang Do;Yun, Kyung Ku;Ham, Seung Yeon;Lee, Kyeo Re
    • Journal of Industrial Technology
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    • v.37 no.1
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    • pp.32-36
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    • 2017
  • In this study, as part of a research on the development of economical high-performance concrete with high strength and high quality, the physical properties of high-performance concrete were analyzed by substituting a certain amount of low-cost domestic silica fume exempted from the re-importation type distribution structure of the domestic production and the existing high-priced silica fume distribution structure. Performing tests to identify the physical properties of the fresh and hardened concrete and durability analogy of the concrete which use low-cost domestic silica fume and imported silica fume, the chloride ion penetration resistance test result showed that the strength difference between the low-cost silica fume and the imported silica fume is not big but the strength of the low-cost silica fume was measured higher than the imported silica fume. The chloride ion penetration resistance of all variables was measured as "very low". Since the low-cost domestic silica fume can be used as a high-performance admixture of concrete, the results suggest that it is possible to produce a more economical high-performance concrete.

Forecasting Project Cost and Time using Fuzzy Set Theory and Contractors' Judgment

  • Alshibani, Adel
    • International conference on construction engineering and project management
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    • 2015.10a
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    • pp.174-178
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    • 2015
  • This paper presents a new method for forecasting construction project cost and time at completion or at any intermediate time horizon of the project duration. The method is designed to overcome identified limitations of current applications of earned value method in forecasting project cost and time. The proposed method usesfuzzy set theory to model uncertainties associated with project performance and it integrates the earned value technique and the contractors' judgement. The fuzzy set theory is applied as an alternative approach to deterministic and probabilistic methods. Using fuzzy set theory allows contractors to: (1) perform risk analysis for different scenarios of project performance indices, and (2) perform different scenarios expressing vagueness and imprecision of forecasted project cost and time using a set of measures and indices. Unlike the current applications of Earned Value Method(EVM), The proposed method has a numberof interesting features: (1) integrating contractors' judgement in forecasting project performance; (2) enabling contractors to evaluate the risk associated with cost overrun in much simpler method comparing with that of simulation, and (3) accounting for uncertainties involved in the forecasting project cost.

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ROADWAY PERFORMANCE EVALUATION USING FUNCTION ANALYSIS METHOD OF VALUE ENGINEERING

  • Jong-Hyun Park;Yong-Jang Lee;In-Su Jung;Chan-Sik Lee
    • International conference on construction engineering and project management
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    • 2009.05a
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    • pp.1528-1533
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    • 2009
  • Infrastructure is provided to the user through long-term project period and large-scale working expenses. Existing facilities are getting old as time goes by. Accordingly, proper maintenance is required and generally more maintenance cost than initial invested cost is needed during life cycle. Therefore, a specific plan that just increases the value of facilities is required by evaluating performance of facilities and inputting minimum maintenance cost. Value engineering that increases the value of object by systemically analyzing Life Cycle Costs and function is actively promoted at the design phase of construction. These efforts can increase the performance of facilities at the maintenance phase of infrastructure. This study is to search how to evaluate the performance of Roadway by utilizing function analysis, as a core part of VE in the maintenance phase. In order to this a new evaluation criteria were proposed by adding an evaluation items to the existing criteria through the research of old documents, status of roadway maintenance and function analysis of VE. The results of this study may promote the effective performance evaluation to determine a resolution of roadway congestion in future. A succeeding study using the proposed evaluation criteria will be required.

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A Study on Implementation and Design of Web-based Web-Cost Management System: Part 1; Design (웹 기반의 품질코스트 관리시스템 구축 : 제1부;시스템 설계)

  • Chung Young-Bae;Kim Yon-Soo;Kim Jun-Hong
    • Journal of Korean Society of Industrial and Systems Engineering
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    • v.27 no.3
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    • pp.97-105
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    • 2004
  • The purpose of this study is to design and implement web-based quality cost management system to measure the performance of quality improvement activities in the business firms. The designed web-based quality cost management system which is also known as WQCMS (Web-based Q-Cost Management System) utilized newly classified objective performance indicator items to measure quality related activities. Well-classified performance measurement Indicator item lists which are played key role in the system was researched and standardized according to size and business categories of enterprise. Its code standards are based from fundamental PAF Model. Developed WQCMS have ability to collect and analyze quality data generated from various different departments in the inside or outside of the enterprise without any limitations, if end-users are able to access wide area network. It provides the capability to integrate quality information from database and to generate various easy analysis reports to management's needs using built-in analysis tool modules with real-time. The proposed system was developed using Microsofi's .Net technology, ASP.NET and MS-SQL Server 2000. By web-enabling Q-cost management system, the effectiveness of the system management and utilization was realized by easiness of information Integration and economical efficiency.

The need for upgrading the seismic performance objectives

  • Kutanis, Mustafa;Boru, Elif Orak
    • Earthquakes and Structures
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    • v.7 no.4
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    • pp.401-414
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    • 2014
  • The economic consequences of large earthquakes require a revolutionary change in the seismic performance objective of residential and commercial buildings. The majority of total construction costs consist of non-structural and architectural costs. Therefore, the aim of this research is to upgrade current Life Safety performance objectives and to offset adverse effects on country's economy after an occurrence of large earthquakes. However, such a proposal cannot easily prove the feasibility of cost-benefit analysis in structural design. In this paper, six generic reinforced concrete frames and dual system structures designed based on Turkish Seismic Code were used in cost analysis. The study reveals that load bearing structural systems with Immediate Occupancy performance level in seismic zones can be achieved with negligible costs.

Cost and Schedule Analysis of Highway Projects based on Project Types

  • Shrestha, Bandana;Shrestha, Pramen P.
    • International conference on construction engineering and project management
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    • 2022.06a
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    • pp.50-56
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    • 2022
  • Change Orders generally impact cost and schedule performance of highway projects. However, highway projects that do not have any change orders also face cost growth and schedule delays. This study seeks to determine the cost and schedule performance of Texas DOT projects by collecting project data for 120 highway projects completed between 2016 to 2020. For the study, we selected project data that has zero or negative change orders which were then grouped and analyzed based on their Project Types i.e., maintenance works; structural works; restoration and rehabilitation works; and safety works. The study found that performance of Maintenance and Safety type projects had less cost and schedule growth among the data analyzed. Statistical tests also found that even though the projects have no change orders, Rehabilitation and Restoration type projects experienced significant schedule growth compared to others. However, the data did not show any significant cost and schedule growth for the projects when statistical tests were performed on overall data. The study concluded that highway projects are experiencing schedule growth even though the projects had no change orders. Results from the study can help planners, engineers, and administrators to gain better insight on how different types of highway projects are performing in terms of cost and schedule and eventually derive appropriate solutions to minimize cost and schedule growth in such projects.

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A cross - sectional analysis of scientific and technological performance for the railroad R&D (철도 R&D의 과학기술적 성과에 대한 횡단면 분석)

  • Park, Man-Soo;Bang, Yoon-Seok;Kwon, Yong-Jang;Moon, Dae-Seop;Lee, Hi-Sung
    • Proceedings of the KSR Conference
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    • 2011.05a
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    • pp.1582-1590
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    • 2011
  • An analysis of the railroad industry for R&D investments has been insufficient whereas there are lots of analysis of accumulation of technology, economic performances and ripple effects for macroscopic view and other industry of R&D investments. This study decided intellectual rights, patent, and paper as common indicators of scientific and technological performances for setting up performance targets through surveying and analysis of preceding study and verified a appropriateness of scientific and technological performances for railroad R&D 11 projects which were successfully finished. Preceding study has been set up performance targets by research investments as input, but this study made a performance target by model through a cross-sectional and residual analysis of performances of railroad R&D 11 Projects in applying research investments, capital investments, inner labor cost and inner labor cost per man and research time as inputs, and verified a validity and a empirical analysis through analysis of other project.

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Performance and Economic Analysis of Natural Gas/Syngas Fueled 100 MWth Chemical-Looping Combustion Combined Cycle Plant (천연가스/합성가스 이용 100 MWth 매체순환연소 복합발전 플랜트의 성능 및 경제성 평가)

  • Park, Young Cheol;Lee, Tai-yong;Park, Jaehyeon;Ryu, Ho-Jung
    • Korean Chemical Engineering Research
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    • v.47 no.1
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    • pp.65-71
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    • 2009
  • In this study, performance and economic analysis of natural gas/syngas fueled 100 MWth chemical-looping combustion (CLC) combined cycle plant were performed. Net efficiency of both cases was 53~54%, corresponding to previous research. We used Chemical Engineering Plant Cost Index and Guthrie method to evaluate plant cost. For syngas fueled CLC combined cycle plant, the plant cost was higher since lower heating value(LHV) of syngas was lower than that of natural gas and cost of electricity(COE) was also higher since the cost of syngas was higher than that of natural gas. By sensitivity analysis, it was shown that the cost of syngas should be less than 5.3 $/GJ in order to make COE lower than 5.8 ¢/kWh which was COE of natural gas fueled CLC combined cycle plant.