• Proceedings of the Korean Institute of Building Construction Conference
• /
• 2014.05a
• /
• pp.298-299
• /
• 2014

As a governmental plan for real estate revitalization, remodeling vertical extension has been permitted. Thus, the Ministry of Land, Infrastructure and Transport preannounced proclaiming the revised Housing Act and establishing the remodeling basic plan, and it is anticipated that the remodeling market will be revitalized in earnest after the enforcement of remodeling vertical extension(April 25th. 2014). As vertical extension is applicable up to 3 stories, the safety of building for remodeling is becoming important, so most remodeling construction works use various methods for structural reinforcement. In this process, the selection of structural reinforcement method has depended on structural engineer's experience and knowledge and there has been a limitation in selecting the optimum structural reinforcement method which considers remodeling project characteristics. Therefore, this study analyzed the factors to determine the kinds of structural reinforcement method in a remodeling project and suggested a process to select the best structural reinforcement method of remodeling construction.

• IE interfaces
• /
• v.16 no.spc
• /
• pp.1-6
• /
• 2003

This study deals with the problem of selecting 6 sigma projects. Traditionally, such selection was based on CTQ (critical to quality) or COPQ (cost of poor quality) derived within business units. Since the objective of 6 sigma is to achieve business goals in a short period, 6 sigma projects should be selected and carried out in coincidence with the whole company's strategies. This paper proposes two methods of selecting 6 sigma projects: one is to identify CTQ's by analyzing the company's BSC's (balanced score card) and then deploying them into subunits of the company and the other is to identify those projects with large hidden COPQ or cost of waste by applying value stream analysis and process model simulation to derive process cost models.

• Journal of the Korean Operations Research and Management Science Society
• /
• v.20 no.1
• /
• pp.85-99
• /
• 1995

Increasingly, risk analysis is becoming important ingredients in achieving the successful implementation and application in the area of the project management. The project management system is designed to manage or control the project resources on a given activity within time, cost and performance so called TPPM (Total Productive Project Management). In this research, a risk analysis model misproposed to identify potential problem areas, quantify the risks, and generated the chice of the action that can be taken to reduce the risk. In addition two analysis models are proposed : 1) risk factor model and 2) network simulation model using VERT (Venture Evaluation and Review Technique ). The objective of the remodels is to estimate the schedule, cost performance risks. These proposed quantitative models for project risk analysis are proving its value for the project managers who need to assess the risk of changes in cost, schedule, or performance. The proposed models will be used in the area of project selection, evaluation and the allocation of project resources.

• Korean Journal of Construction Engineering and Management
• /
• v.15 no.5
• /
• pp.61-70
• /
• 2014

Various procurement systems for Architecture-Engineering service for public construction project are currently established by construction-related law. However, comprehensive framework and criteria for the selection of Architecture-Engineering firm are in absence. Even though various selection methods for Architecture-Engineering service are currently established by law, cost-based selection method is mainly used in selecting Architecture-Engineering firm for the service. This paper examined current use of procurement system for Architecture-Engineering service and drew problems in practice. Through analysis of problems and bench-marking of those systems in advanced countries and international organizations, several strategies to improve performance of Architecture-Engineering service and to maximize the efficiency were suggested. The suggestions include framework and guideline to select a procurement method for the service which is being considered for the project and way of improving current procurement system. These suggestions will be a foundation for utilizing appropriate procurement system for the specific project and can make domestic Architecture-Engineering firm more competitive in the global market by breaking form the cost-based selection method in the selection of Architecture-Engineering firms.

• Journal of Construction Engineering and Project Management
• /
• v.7 no.3
• /
• pp.15-25
• /
• 2017

The existence of material price volatility in construction projects puts forward substantial risks for all parties involved. Depending on the parties involved in the project, type of contracts, and state of the market various risk management strategies are practiced by contracting parties to manage project risks related to price volatility. Unfortunately, in many cases companies fail to select an adequate approach to better manage volatilities of material prices due to the lack of a decision support system to aid in the selection of an appropriate strategy based on the project characteristics. The aim of this study is to identify critical project factors and align them to documented strategies to manage price volatility based on an extensive literature review and industry interviews. This study found Integrated Project Delivery (IPD) as the ideal strategy with respect to project duration; quantitative risk management methods with respect to the cost; and Price Adjustment Clauses (PAC) with respect to the risk allocation, as the top price volatility management strategies.

• Asia-Pacific Journal of Business Venturing and Entrepreneurship
• /
• v.13 no.4
• /
• pp.13-22
• /
• 2018

In this study, we examined the accuracy of the assessment items for selecting start-ups used in the project to support start-ups and verified their validity in determining whether they are appropriate assessment items based on selection criteria. The results of 973 start-ups that applied for the project fostering startup leading universities were collected and logistic regression was performed using SPSS 18.0. The study results are summarized as follows. First, the differences in characteristics of start-ups were identified in terms of selection. Second, the impact of selection by assessment items was gender in 2015, capability of the founder, business establishment in 2016, performance and potential in the global market, and business startup in 2017. Third, the overall selection accuracy analysis for the last three years confirmed that the accuracy of the selection is lower each year and that the accuracy of the selection is lower than the accuracy of the non-selection. This means that the current assessment items for selecting start-ups are inaccurate for selection, and that changes in the items due to changes in the start-up environment each year have led to lower accuracy of selection. It is meaningful that this study raised the importance of assessment items and the need for improvement of assessment items for the screening functions of good start-ups to enhance efficiency of the policies for startup support.

• The Journal of the Korea Contents Association
• /
• v.11 no.6
• /
• pp.59-66
• /
• 2011

Resource constrained project scheduling problem with multiple resource constraints as well as precedence constraints is well-known as one of the NP-hard problem. Since these problems can't be solved by the deterministic method during reasonable time, the heuristics are generally used for getting a sub-optimal during reasonable time. In this paper, we introduce an efficient genetic algorithm for resource constrained project scheduling problem using crossover which is applying schema theory and real world tournament selection strategy. Experimental results showed that the proposed algorithm is superior to conventional algorithm.

• Journal of the military operations research society of Korea
• /
• v.35 no.1
• /
• pp.63-82
• /
• 2009

The purpose of this study is to analyze the problems of current rules and regulations on the source selection for weapon system in defense acquisition project and suggest several techniques to ensure objectivity and fairness. As an application example, Helicopter source selection was presented. It was analyzed and compared through technique application and strength and weakness analysis of AHP, PROMETHEE and Attribute Transformation. The decision making techniques which make all conditions satisfactory in all situations are nonexistent. Thus, it is estimated that we can maintain the objectivity in the source selection of weapon systems by applying suitable decision making techniques in accordance with the patterns of evaluation item.

• Proceedings of the Korean Institute Of Construction Engineering and Management
• /
• 2007.11a
• /
• pp.599-602
• /
• 2007

To enhance the competition of National power, the investment of SOC is an essential factor for infrastructure construction. The capital for SOC is so gigantic and the national finance is limited, engagement of various subject is necessary. So, Government is promoting the private sector to invest capital in SOC development. Nevertheless the increasement of SOC investment, various problems were issued in selection & operation of BTL. Therefore, to raise the probability of success for BTL project, escalation, unification and specialization of BTL affairs, BTL selection process were suggested in this study.

• International conference on construction engineering and project management
• /
• 2009.05a
• /
• pp.153-160
• /
• 2009

The demand for super tall building construction is increasing worldwide. There has been a constant request for achieving early payback on investment by shortening the construction time. This pertains especially for the case of huge investment projects such as super tall building construction. It is very important to shorten the construction time for the building framework, which requires substantial construction time and cost, and this is directly related to the establishment of an optimum lift plan for construction. When there is a problem in the selection of the lift equipment, it is almost impossible to revise the selection, resulting in a possible failure of the project. Thus, the purpose of this study is to analyze the function and logic for the development of the process for the selection of lift equipment for super tall building projects and further development of making the analyzed process into a system. In line with this research objective, the process of selecting the optimum lift equipment by domestic construction company was investigated and analyzed as well as collecting the actual field data. The actual data were obtained by sensors installed on tower cranes at three construction sites with the help from the construction company.