• Journal of Construction Engineering and Project Management
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• v.7 no.2
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• pp.19-33
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• 2017

Various forms of procurement are open to companies when constructing new owner-occupied properties. The selection of a form of procurement is an important decision-making problem for companies and their Corporate Real Estate Management (CREM) departments. With this in mind, a decision support tool has been developed to optimise the outcome and success of company's proposed real estate development projects and is presented in this paper. This model can also be used for current real estate portfolios to optimise returns in the long term. In pursuit of this objective and in order to provide an academic basis for this study, decision-relevant goals and parameters were initially identified from the referenced literature used in our research. These were subsequently evaluated in a case study of a corporate development project and identified as specific decision criteria from the perspective of the CREM. The investigation identified 15 criteria that are relevant to the corporate decision-making process in procuring and/or developing property. A model for supporting and resolving decision-making problems of this type was derived from decision theory. In this paper, a decision-making tool is presented that takes into account all the decision criteria from the CREM point of view for the first time. This model should therefore serve as an aid in implementing the decision-making process for the development of real estate projects in a more structured and transparent manner.

• Journal of Construction Engineering and Project Management
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• v.3 no.4
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• pp.5-11
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• 2013

Construction industry is overwhelmed by delay and often has suffered cost and time overrun. In this context, Last Planner System (LPS) has been considered as a very useful tool for the management of the construction process. Many previous studies have reported its effectiveness in construction performance. This study aims to evaluate the level of importance of the Last Planner processes in the Vietnam construction industry (VCI), and analyze the existing barriers when implementing these processes in construction management. These barriers were collected based on previous studies from International Group for Lean Construction (IGLC). A survey was carried out through questionnaire. The respondents are been experienced people in construction project management. There are four processes of LPS that were investigated including master schedule, phase schedule, lookahead plan, and weekly work plan. The results showed that master schedule is the most important item when performing a construction project in the VCI. The highest degree of agreement belongs to 'owner - contractor' pair with 77.1% importance indices; whereas the lowest belongs to 'consultants - contractors' pair with 63.8% importance indices. Eventually, three barrier factors were extracted from factor analysis technique with 62.2% of variance explained.

• Special Issue of the Society of Naval Architects of Korea
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• 2005.06a
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• pp.90-96
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• 2005

This paper presents the results of the reliability analysis of PAU (Preliminary Assembly Unit) seat of the floating Production Storage and Off1-loading Unit (FPSO) The main aim of the analysis was to demonstrate that a sufficient safety of structural members is guaranteed against PAU loads, internal and external pressure, and hull girder moments. Topside loads for PAU design are based on owner's request. According to the seat type, topside loads are classified into maximum values of same seat type for design efficiency. Totally, 26 loading cases for each model are used for this analysis with the combination of the reactions of PAU loafing and the hull girder bending moments according to LR offshore (2). The analysis results are evaluated according to the acceptance criteria for yielding given in LR offshore and guidance note (3) and The panel buckling resistance is verified by LR offshore and SDA (4). For 900,000 bbls FPSO, the PAU support foundation analysis using 3-D F.E. model is carried out to verify the structural adequacy of PAU foundation and structure members in way of PAU. The modified structures in way of PAU support are safe against considered load cases and all stresses in way of PAU support are within design criteria.

• Journal of the Korean Society of Environmental Restoration Technology
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• v.1 no.1
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• pp.95-101
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• 1998

In order to seek a efficiency of site cooperation and slope stabilization in a rock sloping work, it would rather take into consideration, in its importance, a concurrent performance of civil works and landscaping works than give any part a special priority. It can enable us to achieve an expanded scope of landscaping works and improvement of slope scenery via this sort of cooperation. However, this can not be achieved without assurance on the slope stabilization and scenic view of the project owner, and further via this cooperation, environmentally familiar works can be performed, becoming natural environment and minimizing damages on surrounding scenery and environment. It is foreseeable that improvement of functions of civil equipment, introduction of technology and development of landscaping materials can facilitate an improvement in the betterment of slope scenery. Landscaping related parties need to enhance their understanding of rock sloping and scenic view based on knowledge on the fundermental understanding of slope stabilization and on the base rock characteristics.

• Journal of Construction Engineering and Project Management
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• v.6 no.4
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• pp.24-34
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• 2016

Disputes seem to be synonymous with large-scale construction projects in Ethiopia. The purpose of this study is to determine the factors responsible for impacting the performance of Ethiopian public construction projects. To this end, 35 success and failure attributes responsible for impacting the performance of the projects were identified and presented to Ethiopian construction professionals in the form of a structured questionnaire, and responses were collected. The factor analysis conducted on the success and failure attributes influencing no-dispute performance separately resulted in six success factors and five failure factors. Further analysis using stepwise multiple regression indicates that owner competence and interaction among project participants have a positive impact on no-dispute performance. However, conflict among project participants has a negative impact on the no-dispute performance of Ethiopian public construction projects. Although Ethiopia-specific, the results reflect construction management problems common to both developed and developing countries. The findings are expected to help researchers and practitioners gain a better understanding of critical success and failure factors and to help them take proactive measures to avoid disputes in public construction projects.

• The Journal of Information Systems
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• v.28 no.1
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• pp.73-96
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• 2019

Purpose The purpose of this study is to examine the effect of communication-structure characteristics on performance in online collaboration using the data from Github, one of representative open source software development platforms. We analyze the impact of in-degree/out-degree centralization and reciprocity of communication network on collaboration performance in each project. In addition, we investigate the moderating effect of owner types, an individual developer or an organization. Design/methodology/approach We collect the data of 838 Github projects, and conduct social network analysis for measuring in-degree/out-degree centralization and reciprocity as independent variables. With these variables, hierarchical regression analysis is employed on the relationship between the characteristics of communication structure and collaborative performance. Findings Our results show that for the project owned by an organization, the centralized structure of communication is not associated with the collaboration performance. In addition, the reciprocity is positively related to the collaboration performance. On the other hand, for the project owned by an individual developer, the centralized structure of communication is positively related to the performance, and the reciprocity does not show the positive relationship on the performance.

• International conference on construction engineering and project management
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• 2022.06a
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• pp.1106-1113
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• 2022

Cost segregation helps reduce tax liabilities by reclassifying real property to personal property and accelerates tax depreciation of a property. A typical cost segregation study requires much time and high costs. This study proposed a BIM integrated cost segregation process that can be applied to any commercial building project. The proposed BIM-based cost segregation process was verified in a new commercial construction project. It approved that this approach can: (1) increase the cash flow for the owner and provide assistance to tax-paying enterprises; (2) enable the contractor to use it as an added value in the bidding process; (3) realize data sharing in a common platform to improve the cost segregation study efficiency and reduce costs and errors; (4) contribute to the asset management in the life cycle of buildings while filling in the blank of cost segregation process. Future studies will focus on the automation of cost segregation and asset management in building construction's life cycle.

• Transactions of the Korean Society of Mechanical Engineers B
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• v.36 no.8
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• pp.865-871
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• 2012

Because of the increasing cost of oil and natural gas, energy production technologies using coal, including synthetic natural gas (SNG) and integrated gasification combined cycle (IGCC), have attracted attention because of the relatively low cost of coal. During the early stage of a project, the developer or project owner has many options with regard to the selection of a gasifier. In particular, from the viewpoint of feasibility, the gasifier is a key factor in the economic evaluation. This study compares the technical aspects of gasifiers for a real SNG production project in an early stage. A fixed-bed slagging gasifier, wet-type entrained gasifier, and dry-type entrained gasifier, all of which have specific advantages, can be used for the SNG production project. Base on a comparison of the process descriptions and performances of each gasifier, this study presents a selection guideline for a gasifier for an SNG production project that will be beneficial to project developers and EPC (Engineering, Procurement, Construction) contractors.

• Proceedings of the Korean Institute Of Construction Engineering and Management
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• 2006.11a
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• pp.295-300
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• 2006

In this research, risk factors which can raise project cost are identified in the initial stage and picked out through the decision maker's baseline. And also this probable risks are implemented to the project cash flow to estimate the contingency and to build a risk management system in the level of project. The risks that affect the projects profits were classified in two categories in the risk checklist. Firstly, financial risks derived from the external economic conditions for example exchange rate, escalation, interest rates etc. are analyzed through the stochastic methods, Monte-Carlo Simulation. Secondly, the project individual risks which are come from the project characteristics, for example country risk, clime, owner etc., are evaluated using the utility curve of the decision maker. Finally these risk analysis methods are used to forecast the actual project cash flow and final profit.

• Proceedings of the Korean Institute Of Construction Engineering and Management
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• autumn
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• pp.251-256
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• 2001

After the late 70's, the apartment housing have been constructed numerously, but the apartment housing has been deteriorated and the maintenance cost has been increasingly upward as time goes by. Because of that, the reconstruction of the apartment housing is widespread in the late 90's. But as the owner, the congregation, is not an expert, there are many problems in the reconstruction projects. Thus, the necessity of the CM in the reconstruction project is getting higher, but the appropriate method for the application of the CM is not established yet. In this study, the CM work scope that is applicable in the reconstruction project is developed through the inquiry and interview to the experts. Especially, The work scope developed in this study is established to be adapted easily in the practical use for each project phase.