• International conference on construction engineering and project management
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• 2011.02a
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• pp.432-438
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• 2011

The purpose of the present thesis is to develop bankruptcy prediction models capable of being applied to the Korean construction industry and to deduce an optimal model through comparative evaluation of final developed models. A study population was selected as general contractors in the Korean construction industry. In order to ease the sample securing and reliability of data, it was limited to general contractors receiving external audit from the government. The study samples are divided into a bankrupt company group and a non-bankrupt company group. The bankruptcy, insolvency, declaration of insolvency, workout and corporate reorganization were used as selection criteria of a bankrupt company. A company that is not included in the selection criteria of the bankrupt company group was selected as a non-bankrupt company. Accordingly, the study sample is composed of a total of 112 samples and is composed of 48 bankrupt companies and 64 non-bankrupt companies. A financial ratio was used as early predictors for development of an estimation model. A total of 90 financial ratios were used and were divided into growth, profitability, productivity and added value. The MDA (Multivariate Discriminant Analysis) model and BLRA (Binary Logistic Regression Analysis) model were used for development of bankruptcy prediction models. The MDA model is an analysis method often used in the past bankruptcy prediction literature, and the BLRA is an analysis method capable of avoiding equal variance assumption. The stepwise (MDA) and forward stepwise method (BLRA) were used for selection of predictor variables in case of model construction. Twenty two variables were finally used in MDA and BLRA models according to timing of bankruptcy. The ROC-Curve Analysis and Classification Analysis were used for analysis of prediction performance of estimation models. The correct classification rate of an individual bankruptcy prediction model is as follows: 1) one year ago before the event of bankruptcy (MDA: 83.04%, BLRA: 93.75%); 2) two years ago before the event of bankruptcy (MDA: 77.68%, BLRA: 78.57%); 3) 3 years ago before the event of bankruptcy (MDA: 84.82%, BLRA: 91.96%). The AUC (Area Under Curve) of an individual bankruptcy prediction model is as follows. : 1) one year ago before the event of bankruptcy (MDA: 0.933, BLRA: 0.978); 2) two years ago before the event of bankruptcy (MDA: 0.852, BLRA: 0.875); 3) 3 years ago before the event of bankruptcy (MDA: 0.938, BLRA: 0.975). As a result of the present research, accuracy of the BLRA model is higher than the MDA model and its prediction performance is improved.

• KSCE Journal of Civil and Environmental Engineering Research
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• v.38 no.2
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• pp.369-376
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• 2018

The majority of construction projects, from the initiation phase to the project completion and operation phase, are influenced by various types of corruption. Iran, as a developing country, has been suffering from this issue in bidding, tendering procedure, contracts etc. Therefore, due to the importance of this issue, this study attempted to identify the causes of corruption and evaluate the most significant factors in the construction projects in Iran. To this aim, an intensive literature review was performed to investigate the various types of corruption and identify the potential factors causing corruption in construction projects. The questionnaire survey was designed, considering twelve forms of corruption, including 77 causes of corruption in construction projects in Iran. Out of 220 distributed questionnaires, 188 were returned by the participants. The valid collected data sets were analyzed and then Exploratory Factor Analysis was applied. It was discovered that "Inappropriate power-sharing," "Lack of obligation for human resources to properly use resources and abide by the rules and regulations" and "Lack of any monitoring of the government's performance" are the most significant factors. Findings from the study would be valuable for the construction projects authorities and academia in order to combat corruption in the construction projects.

• Korean Journal of Construction Engineering and Management
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• v.20 no.6
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• pp.107-116
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• 2019

Korean construction engineering firms want to pave the way for expansion of overseas markets through the World Bank's Official Development Assistance (ODA) projects as a way to improve their overseas project performance. However, since the World Bank project competes with global companies for limited projects, building partnerships with suitable business partners is essential to gain an upper hand in bidding competition and meet the institutional conditions of the recipient country. In this regard, many network studies have been conducted in the past through Social Network Analysis (SNA), but few have been analyzed based on the process of changes in the network. So, This study collected winning data from the three Southeast Asian countries that ended after the World Bank's ODA project performed smoothly, and established a learning-based link prediction model that reflected the dynamic nature of the network. As a result, the 11 main variables acting on building a cooperative relationship between winning companies were derived and the effect of each variables on the probability value of cooperation between individual links was identified.

• Korean Journal of Construction Engineering and Management
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• v.6 no.4 s.26
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• pp.101-112
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• 2005

Recently, a curtain wall construction is a exterior finishing components which is most used for shortening time in high-rise building as well as the class of key management factors in cost and schedule control. Also, it is recognized that an effective management for curtain wall process is a major subject to accomplish the project successfully. However, as the current management for curtain wall construction is focused on the construction stage, it makes problems such as errors in business performance, rework by mistakes and duplications, errors and omissions by ineffective information management and there has never been any efficient management from a view of the entire Curtain Wall Life-cycle process. Therefore, the aim of this study is to suggest a stage check point for process improvement in the curtain wall Life-cycle process through current curtain wall process analysis, and then to investigate the cause of waste factors using the Muda method from the Toyota Production System and extract the weighted effects of the waste factors using the analytical hierarchy process method. According to the result, Most of the inefficient factors happened in architectural design stage of the entire curtain wall Life-cycle process and my research identified that detail factors of them are a delay of decision making and an approval in changes, a deficit of engineering capacity and a delay of approval in architectural design drawings by owner, etc.

• Korean Journal of Construction Engineering and Management
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• v.2 no.4 s.8
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• pp.69-79
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• 2001

Characteristics of Contactor's Defect Liability was too many discussed. But it's not clearly defined yet. Because recent Government Construction Projects are very complex and executed through long time, too many conflicts were appeared related to Contactor's Defect Liability. Therefore to analyse and to resolve the conflicts legal aspects of Contactor's Defect Liability stated in Civil Law and Government Contract Act was systematically compared. The result of this research is as follows : (1) Characteristic of Contactor's Defect must be regarded as a breach of Contract and be an incomplete contract implementation. (2) To decide the range of Damage, Characteristic of Defect must be regarded. (3) Contactor's Defect Liability must be effectual from the day of delivery. (4) Retainage must be added to secure the completion during the Contract Period and Defect Repairing Liability must be omitted in the Contract performance Security.

• Journal of Construction Engineering and Project Management
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• v.3 no.4
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• pp.12-19
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• 2013

Green Frame is an environmentally friendly column-beam system composed of composite PC members that can increase buildings' life spans while reducing resource consumption. Typically, connections of PC and RC columns occur at the boundaries of each floor, which is at the upper section of slabs, causing the boundary of each floor to generate the maximum moment. Although it is not optimal in terms of structural safety to connect members at a location where the moment is high, this approach is highly adopted due to its constructability. We propose that a superior approach that employs the concept of connecting columns at the low bending moment zone can be applied to quickly and safely install green columns, the main structural members of Green Frame. Connection of green columns at the low bending moment zone can be classified into three techniques, depending on the method of reinforcing the joints, which have different connection characteristics and construction methods. Research is needed to compare the features of each method of reinforcing the joints so that the most appropriate column connection method can be chosen for the site conditions. This study aims to confirm the structural safety of the connection component at the low bending moment zone and to compare and analyze the construction duration, unit price, quality and safety performance of each column connection method. The study results are anticipated to activate the use of composite precast concrete and to be used as development data in the future.

• Journal of the Korea Institute of Building Construction
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• v.16 no.2
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• pp.161-167
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• 2016

The collaboration with members are very important things to manage the field organization in the building construction project. These collaborations are related with the communication in the organization, so the field organization ability could be advanced by improving the communication level. However, the research about communication in building construction field organizations has rarely studied. Therefore, the purpose of this study is to analyze the organizational factors to influence the communications in building construction field organizations. In this study, the leadership style of head managers and organizational cultural characteristics is determined the factors to influence the communication level by literature reviewing. The results of this study showed that the communication level is good when head managers in building construction site had an idealized influence style leadership and individual consideration style leadership. In addition, the good communicated field organizations had the higher characteristics of a consensus culture and development culture. This study is expected to help to improve the performance of the building construction field organizations.

• Journal of Korean Society of Forest Science
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• v.107 no.1
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• pp.96-107
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• 2018

This study analyzed the linkage between the Forestry sector Official Development Assistance (ODA) Project in South Korea and the Sustainable Development Goals (SDGs) of United Nations (UN), Suggested direction of ODA project focusing on the implementation of the SDGs. Forestry sector ODA project data in South Korea have collected from Economic Development Cooperation Fund (EDCF) statistical inquiry system developed by The Export-Import Bank of Korea. According to the analysis result, Forestry sector ODA project in South Korea have been actively implemented in the fields of forestry development, forestry policy and administration. In both fields, Korea Forest Service and Korea International Cooperation Agency (KOICA) carried out the most projects. The Forestry sector ODA project data in South Korea are classified technical development, capacity building, construction of infrastructure and afforestation based on their objectives and contents. SDGs emphasizes the importance of national implementation assessment and this study analyze linkage between ODA activity content in each classification item and 2016 Korea Forest Service Performance Management Plan indicator. Analyzed the 2016 Korea Forest Service Performance Management Plan indicator and SDGs target and SDGs indicator were identified. finally, SDGs goals were recognized. In conclusion, Forestry sector ODA project in South Korea are associated with the SDGs Goal 1 (No Poverty), Goal 2 (Zero Hunger), Goal 6 (Clean Water and Sanitation), Goal 13 (Climate Action), Goal 15 (Life on Land) and Goal 17 (Partnership for The Goals). Therefore, With the launch of the SDGs, This study analyzed the linkage among the Forestry sector ODA Project in South Korea, the 2016 Korea Forest Service Performance Management Plan and the SDGs. it presented the limitations of Forestry sector ODA Project in South Korea and made proposals for the implementation of the SDGs.

• Journal of the Korean Society of Systems Engineering
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• v.14 no.2
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• pp.33-40
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• 2018

This paper is based on the interim result of ongoing research and development project to develop a software system which support procurement activities, namely PeMSS (Procurement Engineering Management Support System). PeMSS is a system that enables development requirements for each equipment and help designing equipment meeting the purchase requirements. Procurement at EPC (Engineering Procurement and Construction) and operational stage of a plant is an important area that determines the integrity and profitability of the plant. Procurement of unsuitable equipment due to selection of suppliers that do not meet or omit critical requirements in purchase specification can result in enormous cost increase due to such as delay in EPC project, unsatisfactory performance and reduced plant operation time. In spite of the importance of the procurement engineering, there is a lack of support system for systematic preparation of purchase specification, so development of the procurement specification is basically relying on the experience of the engineers in charge. Accordingly, it is needed to develop the PeMSS to help procurement engineers develop procurement specification based on systems engineering approach. This paper introduces the design of the PeMSS.

• Journal of the Korea Institute of Building Construction
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• v.19 no.2
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• pp.175-184
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• 2019

This paper presents a modeling prototype that optimizes construction processes implementing information communication technology (ICT). Using "IAMB", each and every actual steps of the construction process may be defined visually and explicitly by elaborating ICT to improve productivity and management efficiency. It contributes to identify the features on what parts of construction task are covered by ICT, and the effects of ICT on process performance. After analyzing 10 real project cases, ICT application types are classified into four categories according to ICT type, job functions that ICT applied, and the project phase in which ICT used. As a reuslt, it was confirmed that the positive outcomes on the construction process were beneficial to mostly the general contractors and mainly obtained by automated information processing, external consignment and consistent information use. Negative effects, which were occurred by mainly manual manipulation and duplication of information handling, were accrued to general contractors minimally, but to subcontractors maximally. Expert focus group commends that several important issues should be considered when implementing ICT.