• Title/Summary/Keyword: quantifying project-values

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Quantifying Values from BIM-projects life cycle with cloud-based computing

  • Choi, Michelle Mang Syn;Kim, Inhan
    • International conference on construction engineering and project management
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    • 2015.10a
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    • pp.271-275
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    • 2015
  • A variety of evaluation application and initiatives on the adoption of Building Information Modelling (BIM) have been introduced in recent years. Most of which however, focused mainly on evaluating design to construction phase-processes, or BIM utilization performances. Through studying existing publications, it is found that continuous utilization of BIM data throughout the building's life cycle is comparatively less explored or documented. Therefore, this study looks at improving this incomplete life cycle condition with the concept that accumulated BIM data should be carried forward and statistically quantified for cross comparison, in order to facilitate practitioners to better improve the projects the future. Based on this conceptual theory of moving towards a closedloop BIM building life cycle, this study explores, through existing literature, the use of cloud based computing as the means to quantify and adaptively utilize BIM data. Categorization of BIM data relations in adaptive utilization of BIM data is then suggested as a initial step for enhancing cross comparison of BIM data in a cloud environment.

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Quantifying Monetary Value of Float

  • Park, Young-Jun;Lee, Dong-Eun
    • International conference on construction engineering and project management
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    • 2015.10a
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    • pp.111-113
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    • 2015
  • Floats are used by the parties involved in a construction project. The owner may use float by changing order(s) or by executing risk avoidance plan; the contractor may use it for leveling resources or substituting activities' construction methods to reduce costs. Floats are accepted either just as by-product obtained by critical path method(CPM) scheduling or as asset having significant value. Succinctly, existing studies involved in float value does not consider its' changes on project time domain. It is important to identify float ownership and to quantify its' corresponding values. This paper presents a method that quantifies float value of money that changes over project execution. The method which accurately computes the monetary value of float may contributes to resolve conflicts relative to float ownership and/or delay issues among project participants. It compares the difference between the monetary value of total float - on non-critical path in each and every schedule update. It makes use of critical path method (CPM) and commercial software with which practitioners are already familiar.

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Quantifying the Value of Floats (작업여유시간의 가치 정량화 방법론)

  • Park, Young-Jun;Lee, Dong-Eun
    • Proceedings of the Korean Institute of Building Construction Conference
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    • 2015.05a
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    • pp.123-124
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    • 2015
  • The project participants make use of floats for their benefits. The owner may consume floats in an event of issuing change order(s) and may avoid the risk factors attributed by them; the contractor may reduce activities' costs by substituting the activity with alternative construction method and by leveling the resources, hence consuming floats. There are a lot of disputes and claims involved in the float ownership issue. The ownership of floats should be stipulated in the contract stage. To alleviate these disputes and claims, it is commendable to develop a computational method that quantifies the float value. This paper presents the method that computes the values of total floats which changes over the project life span. The system calculates CPM, compute the ratio of area of banana curve which is enclosed by earliest start curve and latest start-curve.

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The Application of Fuzzy Logic to Assess the Performance of Participants and Components of Building Information Modeling

  • Wang, Bohan;Yang, Jin;Tan, Adrian;Tan, Fabian Hadipriono;Parke, Michael
    • Journal of Construction Engineering and Project Management
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    • v.8 no.4
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    • pp.1-24
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    • 2018
  • In the last decade, the use of Building Information Modeling (BIM) as a new technology has been applied with traditional Computer-aided design implementations in an increasing number of architecture, engineering, and construction projects and applications. Its employment alongside construction management, can be a valuable tool in helping move these activities and projects forward in a more efficient and time-effective manner. The traditional stakeholders, i.e., Owner, A/E and the Contractor are involved in this BIM system that is used in almost every activity of construction projects, such as design, cost estimate and scheduling. This article extracts major features of the application of BIM from perspective of participating BIM components, along with the different phrases, and applies to them a logistic analysis using a fuzzy performance tree, quantifying these phrases to judge the effectiveness of the BIM techniques employed. That is to say, these fuzzy performance trees with fuzzy logic concepts can properly translate the linguistic rating into numeric expressions, and are thus employed in evaluating the influence of BIM applications as a mathematical process. The rotational fuzzy models are used to represent the membership functions of the performance values and their corresponding weights. Illustrations of the use of this fuzzy BIM performance tree are presented in the study for the uninitiated users. The results of these processes are an evaluation of BIM project performance as highly positive. The quantification of the performance ratings for the individual factors is a significant contributor to this assessment, capable of parsing vernacular language into numerical data for a more accurate and precise use in performance analysis. It is hoped that fuzzy performance trees and fuzzy set analysis can be used as a tool for the quality and risk analysis for other construction techniques in the future. Baldwin's rotational models are used to represent the membership functions of the fuzzy sets. Three scenarios are presented using fuzzy MEAN, AND and OR gates from the lowest to intermediate levels of the tree, and fuzzy SUM gate to relate the intermediate level to the top component of the tree, i.e., BIM application final performance. The use of fuzzy MEAN for lower levels and fuzzy SUM gates to reach the top level suggests the most realistic and accurate results. The methodology (fuzzy performance tree) described in this paper is appropriate to implement in today's construction industry when limited objective data is presented and it is heavily relied on experts' subjective judgment.

Performance of Drip Irrigation System in Banana Cultuivation - Data Envelopment Analysis Approach

  • Kumar, K. Nirmal Ravi;Kumar, M. Suresh
    • Agribusiness and Information Management
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    • v.8 no.1
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    • pp.17-26
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    • 2016
  • India is largest producer of banana in the world producing 29.72 million tonnes from an area of 0.803 million ha with a productivity of 35.7 MT ha-1 and accounted for 15.48 and 27.01 per cent of the world's area and production respectively (www.nhb.gov.in). In India, Tamil Nadu leads other states both in terms of area and production followed by Maharashtra, Gujarat and Andhra Pradesh. In Rayalaseema region of Andhra Pradesh, Kurnool district had special reputation in the cultivation of banana in an area of 5765 hectares with an annual production of 2.01 lakh tonnes in the year 2012-13 and hence, it was purposively chosen for the study. On $23^{rd}$ November 2003, the Government of Andhra Pradesh has commenced a comprehensive project called 'Andhra Pradesh Micro Irrigation Project (APMIP)', first of its kind in the world so as to promote water use efficiency. APMIP is offering 100 per cent of subsidy in case of SC, ST and 90 per cent in case of other categories of farmers up to 5.0 acres of land. In case of acreage between 5-10 acres, 70 per cent subsidy and acreage above 10, 50 per cent of subsidy is given to the farmer beneficiaries. The sampling frame consists of Kurnool district, two mandals, four villages and 180 sample farmers comprising of 60 farmers each from Marginal (<1ha), Small (1-2ha) and Other (>2ha) categories. A well structured pre-tested schedule was employed to collect the requisite information pertaining to the performance of drip irrigation among the sample farmers and Data Envelopment Analysis (DEA) model was employed to analyze the performance of drip irrigation in banana farms. The performance of drip irrigation was assessed based on the parameters like: Land Development Works (LDW), Fertigation costs (FC), Volume of water supplied (VWS), Annual maintenance costs of drip irrigation (AMC), Economic Status of the farmer (ES), Crop Productivity (CP) etc. The first four parameters are considered as inputs and last two as outputs for DEA modelling purposes. The findings revealed that, the number of farms operating at CRS are more in number in other farms (46.66%) followed by marginal (45%) and small farms (28.33%). Similarly, regarding the number of farmers operating at VRS, the other farms are again more in number with 61.66 per cent followed by marginal (53.33%) and small farms (35%). With reference to scale efficiency, marginal farms dominate the scenario with 57 per cent followed by others (55%) and small farms (50%). At pooled level, 26.11 per cent of the farms are being operated at CRS with an average technical efficiency score of 0.6138 i.e., 47 out of 180 farms. Nearly 40 per cent of the farmers at pooled level are being operated at VRS with an average technical efficiency score of 0.7241. As regards to scale efficiency, nearly 52 per cent of the farmers (94 out of 180 farmers) at pooled level, either performed at the optimum scale or were close to the optimum scale (farms having scale efficiency values equal to or more than 0.90). Majority of the farms (39.44%) are operating at IRS and only 29 per cent of the farmers are operating at DRS. This signifies that, more resources should be provided to these farms operating at IRS and the same should be decreased towards the farms operating at DRS. Nearly 32 per cent of the farms are operating at CRS indicating efficient utilization of resources. Log linear regression model was used to analyze the major determinants of input use efficiency in banana farms. The input variables considered under DEA model were again considered as influential factors for the CRS obtained for the three categories of farmers. Volume of water supplied ($X_1$) and fertigation cost ($X_2$) are the major determinants of banana farms across all the farmer categories and even at pooled level. In view of their positive influence on the CRS, it is essential to strengthen modern irrigation infrastructure like drip irrigation and offer more fertilizer subsidies to the farmer to enhance the crop production on cost-effective basis in Kurnool district of Andhra Pradesh, India. This study further suggests that, the present era of Information Technology will help the irrigation management in the context of generating new techniques, extension, adoption and information. It will also guide the farmers in irrigation scheduling and quantifying the irrigation water requirements in accordance with the water availability in a particular season. So, it is high time for the Government of India to pay adequate attention towards the applications of 'Information and Communication Technology (ICT) and its applications in irrigation water management' for facilitating the deployment of Decision Supports Systems (DSSs) at various levels of planning and management of water resources in the country.