• Title/Summary/Keyword: cost/benefit

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Multi-family Residential Construction Management Practice in the U.S.

  • Cho, Namho
    • International conference on construction engineering and project management
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    • 2022.06a
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    • pp.1254-1254
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    • 2022
  • The Multi-family Residential is one of the most famous building types for a rental property in the US. Often times it includes multiple residential buildings and some amenity facilities, including a clubhouse or leasing office, swimming pool, dog park, and garages. Since the building type is built for rental purposes, the construction planning is phased and it makes the project complicated. Detailed planning and execution are important for successful construction management. This paper provides some management practices that are applied to one of the multi-family residential construction projects in Phoenix, AZ. The Front End Planning (FEP) process performed by both owner and contractor is the first key to a successful construction project. Specifically, the early review of phased turnover strategy, grading, fire/Americans with Disabilities Act (ADA) compliance, and Mechanical/ Electricity/Plumbing/Technology (MEPT) will provide absolute benefit to the project. Second, using a scheduling method to control short-term schedules and long-term can provide the ability to manage the issues with agility. Third, material delivery and procurement dominate the both project schedule and cost. With this COVID-19 circumstance, it is hard to expect the material, equipment, and labor forces to be delivered on time with the contracted price. Managing floats are more than important to managing construction productivity. Risk management should work to share the risks fairly. Lastly, turnover is directly linked with the profit of the project for both owner and contractor. The communication between the owner and contractor to re-schedule the proper turnover schedule is important for the phased construction project.

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Development of Eco driving Simulator Module for Economical Driving (경제적 주행을 위한 친환경 주행 시뮬레이터 모듈 개발)

  • Chung, Sung-Hak
    • Journal of the Korea Society of Computer and Information
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    • v.14 no.7
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    • pp.151-160
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    • 2009
  • The aim of this study is to propose economical driving speed index which those are geometric road status; assess the levels of which those cost-benefit of driving energy consumption and emission; are search road safety design and operational technology for driving simulator. For the objective, we analyzed the current status of driving energy consumption and driving scenarios by the road alignments, and reviewed driving and technical specifications by the geometric types of road according to the implementation, and extended completion. Throughout the result of this study, diverse related driving information provision service, efficiently navigation driving module is expected to be implemented in the national highway design system.

Optimization of the cross-section regarding the stability of nanostructures according to the dynamic analysis

  • Qiuyang Cheng;H. Elhosiny Ali;Ibrahim Albaijan
    • Advances in concrete construction
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    • v.15 no.4
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    • pp.215-228
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    • 2023
  • The vibrational behavior of nanoelements is critical in determining how a nanostructure behaves. However, combining vibrational analysis with stability analysis allows for a more comprehensive knowledge of a structure's behavior. As a result, the goal of this research is to characterize the behavior of nonlocal nanocyndrical beams with uniform and nonuniform cross sections. The nonuniformity of the beams is determined by three distinct section functions, namely linear, convex, and exponential functions, with the length and mass of the beams being identical. For completely clamped, fully pinned, and cantilever boundary conditions, Eringen's nonlocal theory is combined with the Timoshenko beam model. The extended differential quadrature technique was used to solve the governing equations in this research. In contrast to the other boundary conditions, the findings of this research reveal that the nonlocal impact has the opposite effect on the frequency of the uniform cantilever nanobeam. Furthermore, since the mass of the materials employed in these nanobeams is designed to remain the same, the findings may be utilized to help improve the frequency and buckling stress of a resonator without requiring additional material, which is a cost-effective benefit.

Calculation of optimal design floods using cost-benefit analysis considering uncertainty (불확실성을 고려한 비용-편익분석을 이용한 최적설계홍수량 산정)

  • Kim, Sang Ug
    • Proceedings of the Korea Water Resources Association Conference
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    • 2020.06a
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    • pp.275-275
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    • 2020
  • 홍수빈도분석의 실용적 측면의 목적은 특정 재현기간에 대하여 발생 가능한 홍수량을 설계홍수량(design flood)으로 설정함으로써 댐, 제방, 배수시설, 하수관거 등의 치수기능을 가진 치수시설물이 설계홍수량 내에서 홍수로 인한 피해를 발생시키지 않도록 그 규모와 기능을 설계함에 있다. 이와 같은 중요한 기능을 담고 있는 홍수빈도분석의 기술적 절차는 해외 및 국내의 기존 연구자들에 의해 많은 연구가 진행된 바 있으나, 보다 적절한 설계홍수량 산정절차 및 설계홍수량의 최종 결정을 위한 기술적 수단의 제공을 위한 연구가 많은 연구자들에 의해 지금도 진행 중에 있다. 그러나 이와 같이 결정된 설계홍수량이 특정유역에서 발생될 수 있는 피해규모에 대해 얼마나 적정한 지의 여부를 과학적으로 판단하기 위한 연구는 많지 않다. 따라서 본 연구에서는 홍수빈도분석을 통해 산정된 설계홍수량의 적정성 여부를 과학적으로 판단하기 위해 비용-편익분석 기법을 이용하여 최적설계홍수량을 결정하였다. 특히 본 연구에서는 불확실성으로 발생되는 범위를 고려한 최적설계홍수량을 산정하기 위하여 Metropolis-Hastings 알고리즘을 사용하였으며, 자료의 종류에 따른 홍수량의 변화를 분석하기 위하여 년최대계열 및 부분시계열 자료를 각각 적용하였다. 한강유역에서 가평대성, 여주 및 한강대교 수위표 지점에서 측정된 자동관측유량장치에 의한 홍수량 자료를 활용하였으며, 최적설계홍수량이 기존 설계홍수량에 비해 크게 산정됨을 알 수 있었다.

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Traditional and minimally invasive access cavities in endodontics: a literature review

  • Ioanna Kapetanaki;Fotis Dimopoulos ;Christos Gogos
    • Restorative Dentistry and Endodontics
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    • v.46 no.3
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    • pp.46.1-46.9
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    • 2021
  • The aim of this review was to evaluate the effects of different access cavity designs on endodontic treatment and tooth prognosis. Two independent reviewers conducted an unrestricted search of the relevant literature contained in the following electronic databases: PubMed, Science Direct, Scopus, Web of Science, and OpenGrey. The electronic search was supplemented by a manual search during the same time period. The reference lists of the articles that advanced to second-round screening were hand-searched to identify additional potential articles. Experts were also contacted in an effort to learn about possible unpublished or ongoing studies. The benefits of minimally invasive access (MIA) cavities are not yet fully supported by research data. There is no evidence that this approach can replace the traditional approach of straight-line access cavities. Guided endodontics is a new method for teeth with pulp canal calcification and apical infection, but there have been no cost-benefit investigations or time studies to verify these personal opinions. Although the purpose of MIA cavities is to reflect clinicians' interest in retaining a greater amount of the dental substance, traditional cavities are the safer method for effective instrument operation and the prevention of iatrogenic complications.

Research on Facility Layout of Prefabricated Building Construction Site

  • Yang, Zhehui;Lu, Ying;Zhang, Xing;Sun, Mingkang;Shi, Yufeng
    • International conference on construction engineering and project management
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    • 2017.10a
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    • pp.42-51
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    • 2017
  • Due to the high degree of mechanization and the good environmental benefits, the prefabricated buildings are being promoted in China. The construction site layout of the prefabricated buildings has important influence on its safety benefit. However, few scholars have studied the safety problem on it. Firstly, in order to give a follow-up study foreshadowing the characteristics of prefabricated buildings are analyzed, the research assumptions are given and three types of safety buffers are established. And then a mult-objective model for the prefabricated buildings site layout is presented: taking into account the limits of noise, the coverage of the tower crane and the possibility of exceeding boundaries and overlapping, the constraints are and designed established respectively; Based on the improved System Layout Planning (SLP) method, the efficiency\cost\safety interaction matrices among the facilities are also founded for objective function. For the sake of convenience, a hypothetical facility layout case of the prefabricated building is used, the optimal solution of that is obtained in MATLAB with particle swarm algorithm (PSO), which proves the effectiveness of the model presented in this paper.

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Improvement of Preliminary Feasibility Study Cost-Benefit Analysis in the Water Resources Field (수자원분야 예비타당성조사 비용편익분석의 개선방안)

  • Seong, Yeonjeong;Hwang, Ingyu;Jung, Younghun
    • Proceedings of the Korea Water Resources Association Conference
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    • 2022.05a
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    • pp.502-502
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    • 2022
  • 최근 기후변화와 기상이변으로 예측하지 못한 게릴라성의 국지성호우로 인해서 과거 장마와 같은 피해가 아닌 변화된 강우패턴으로 막대한 피해가 나타나고 있다. 또한, 이러한 게릴라성 호우는 예측 또한 어려운 경향을 나타낸다. 이러한 피해를 방지하기 위해 단기유출 예측을 위해 사용되는 다양한 모형들 가운데 GRM(Grid based Rainfall-runoff Model)을 사용하였으며, GRM모델은 단기유출해석에 사용되며 국내에서 개발된 물리적 기반 모형이다. 본 연구에서는 한강의 하류인 청미천 유역을 대상으로 강우-유출 분석을 진행하였으며, 환경부의 11개 기상관측소의 자료를 이용한 티센망도 기반의 면적강우량으로 산정하였고 이를 GRM에 적용하였다. 강우자료의 Event 선정기간은 2011년 6월 29일부터 2011년 7월 1일까지 86.83mm 강수가 내린 Event이다. 공간자료는 국토지리정보원의 90M DEM(Digital Elevation Model), 농촌진흥청의 정밀토양도와 토심, 환경부 환경공간서비스의 대분류 토지이용도를 이용하였다. 또한, 검정을 위해서 정형우도인 NSE, 비정형우도인 Log-normal 우도를 이용하여 분석하였으며, 각각의 결과값은 NSE 0.966, Log-normal은 -1214.97의 값을 나타냈다. 추후, 다양한 적합지표를 이용하여 GRM의 강우패턴별, 유역별대표매개수가 산정된다면 홍수방어를 위한 강우-유출 모형으로 매우 유용하게 활용될 것으로 판단된다.

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A study on the Development of BIM-based Quality Pre-checking System in Architecture Design Phase

  • Shin, Jihye;Choi, Jungsik;Kim, Inhan
    • International conference on construction engineering and project management
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    • 2015.10a
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    • pp.284-288
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    • 2015
  • Recently, the mandate on utilizing BIM implemented by public institutions of many countries has great impact on the significantly increasing practices of BIM. The improvement of work efficiency and productivity, which is occurred by BIM adoption, depends on the consistency and accuracy of data. To maximize the benefit of BIM, the interests in BIM data quality have been enlarging all over the world. The BIM data quality pre-check, which is conducted by designer in the design phase, offers opportunities for quality improvement by continuously assessing BIM data. However, BIM quality pre-check is being conducted under arbitrary interpretation of users because of the absence of specific review factors and assessment methods for checking BIM quality. The purpose of this study is to establish an automated BIM quality pre-checking system to improve BIM design quality effectively and efficiently. It could be expected to meet the owner's requirements and to minimize the cost and time occurred additionally from revising and reproducing data by constructing consistency and accuracy of it.

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Reclaiming Multifaceted Financial Risk Information from Correlated Cash Flows under Uncertainty

  • Byung-Cheol Kim;Euysup Shim;Seong Jin Kim
    • International conference on construction engineering and project management
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    • 2013.01a
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    • pp.602-607
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    • 2013
  • Financial risks associated with capital investments are often measured with different feasibility indicators such as the net present value (NPV), the internal rate of return (IRR), the payback period (PBP), and the benefit-cost ratio (BCR). This paper aims at demonstrating practical applications of probabilistic feasibility analysis techniques for an integrated feasibility evaluation of the IRR and PBP. The IRR and PBP are concurrently analyzed in order to measure the profitability and liquidity, respectively, of a cash flow. The cash flow data of a real wind turbine project is used in the study. The presented approach consists of two phases. First, two newly reported analysis techniques are used to carry out a series of what-if analyses for the IRR and PBP. Second, the relationship between the IRR and PBP is identified using Monte Carlo simulation. The results demonstrate that the integrated feasibility evaluation of stochastic cash flows becomes a more viable option with the aide of newly developed probabilistic analysis techniques. It is also shown that the relationship between the IRR and PBP for the wind turbine project can be used as a predictive model for the actual IRR at the end of the service life based on the actual PBP of the project early in the service life.

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SAFETY MANAGEMENT ON CONSTRUCTION MANAGEMENT: A CASE STUDY REVIEW

  • Eric Chan
    • International conference on construction engineering and project management
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    • 2011.02a
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    • pp.249-255
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    • 2011
  • Poor safety management in construction management may adversely affect cost, schedule and quality of a project. Heavy fines upon safety offence becomes a burden to the budget; losing working hours as a result of safety incident impacts on the schedule, and compromising quality is always an indirect consequence when workers perform duties in an unsafe site environment. Therefore, promotion of safety management becomes the top priority in any construction manager's agenda. Working safely will benefit construction project and lead to a "real" success. This paper is a case study, based upon "Geller's 10 principles for achieving a total safety culture", reviewing how a Hong Kong leading construction company fosters the safety culture and possesses a pleasant safety record over years. Its safety performance is not only well ahead the local industry, but also ranges top within the Asia Pacific region and comparable to those mature Western industries. The review concluded that safety culture is one of the major components in construction management and collaboration is the essence to realize this positive culture within an organization. Safety management is not merely a "top down" approach, but requires the positive "bottom up" actions from the other end. The successful story of this company can demonstrate the contribution of safety management in construction management.

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