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REFERENCE LINKING PLATFORM OF KOREA S&T JOURNALS
> Journal Vol & Issue
Korean Journal of Construction Engineering and Management
Journal Basic Information
Journal DOI :
Korean Institute Of Construction Engineering and Management
Editor in Chief :
Volume & Issues
Volume 2, Issue 4 - Dec 2001
Volume 2, Issue 3 - Sep 2001
Volume 2, Issue 2 - Jun 2001
Volume 2, Issue 1 - Mar 2001
Selecting the target year
Prospects on Changing Business Structure in the Korean Construction Industry
Lee Seok-Jae ; Kim Kyung-Rai ; Yu Jin-Keun ; Kim Dae-Ho ;
Korean Journal of Construction Engineering and Management, volume 2, issue 2, 2001, Pages 37~46
Business boundaries of firms in the construction industry are strictly regulated in Korea. Under the current law, firms involved in construction processes are classified into five categories; general contractors, specialty contractors, architects' offices, engineering firms, and specialized in inspection. Among these types of firms, general contractors are prohibited to enter into specialty contractor's market and vice versa by the basic law in the construction industry. Also general contractors are not allowed to provide architectural services. The purpose of the law is to prohibit unlicensed companies from entering the construction market and to protect customers. However, the law causes critical problems e.g. low efficiency of production and rent creation. Therefore, we identify problems concerning business boundaries of firms in the construction industry and predict structural changes in the them when they are liberalized. So we surveyed general contractors and specialty contractors in Korea to estimate the effects of the liberalization on the construction industry. Most of contractors point to the enhancement of production efficiency as the motivation to integrate other construction process. If current regulations, which limit firms' decisions on business boundaries, are eliminated, firms will choose optimal business scopes taking into account types of contracts adopted by the Government for public works. Based on the cost/benifit analyses, they will decide whether to intergrate other production processes or not.
A Decision-Making Model of Integrated Vertical and Horizontal Move Plan for Finishing Material in Righ-Rise Building Construction
Ahn Byung-Ju ; Kim Jae-Jun ;
Korean Journal of Construction Engineering and Management, volume 2, issue 2, 2001, Pages 47~58
Of all the site logistics technologies in high-rise building construction, both vertical and horizontal move plan, are the most imperative factors. And the horizontal plan follows lift-up plan as of the vertical plan. However though it may be, temporary lifts on site are numbered by heuristic formulas. The quantity of finishing material cannot be converted into lift-up load per finishing material. The lift-up plan cannot be evaluated the feasibility for finishing material move plan by a reasonable evaluation methodology. The horizontal plan is far from the vertical one. And the information as an input data for the horizontal plan is devoid of package unit size, length, and volume per finishing material. These can hardly result in reasonable and detail decision on how much to use temporary lifts, how long to use these, and where to deposit each finishing material. Therefore, this study is to suggest a decision-making model that can integrate vertical and horizontal material move plan in high-rise building construction and make a decision the plans systematically. And the study is to explain the concept, methodology, and contents of the model applied to a virtual project, named as MT 130 (Millennium Tower 130). By the model, the planner can shift his/her thinking framework on site logistics management products-oriented Into process-oriented. He/she can manage a project by the framework as system thinking, evaluate the feasibility of a lift-up plan, and decide the horizontal plan integrated with the lift-up.
A Case Study on the Life Cycle Cost Analysis of Steel Box Girder and Prestressed Concrete Box Girder Bridge
Ahn Jang-Won ; Cha Kang-Suk ; Kim Yong-Su ;
Korean Journal of Construction Engineering and Management, volume 2, issue 2, 2001, Pages 59~67
The purpose of this study is to evaluate economics by the Life Cycle cost(LCC) analysis of Steel Box Girder and Prestressed Box Girder bridge types. The study has been performed as a case study. A questionnaire survey for the repair and replacement cycle has been done in order to predict operation and maintenance costs. For LCC analysis and comparison, the present value technique is used. The results of this study are summarized as follows: (1) A LCC analysis model of Steel Box Girder and Prestressed Box Girder bridge types is suggested through a case study. (2) The repair and replacement cycle of elements of them are investigated using a questionnaire survey. (3) As a result of LCC case study, the type of Prestressed Box Girder bridge is analyzed more economic than Steel Box Girder.
A Study on the Corporate Portfolio Risk Management for Multinational Construction Company
Han Seung-Heon ; Lee Young ; Kim Hyung-Jin ; Ock Jong-Ho ;
Korean Journal of Construction Engineering and Management, volume 2, issue 2, 2001, Pages 68~80
While opportunities for international construction firms have been growing with globalization, the risk of international construction projects is significantly increasing in severity and complexity. However, the traditional risk management approach in the construction industry has maintained a profit focus. In addition, this approach has not considered the overall risk at the corporate level, but rather has focused only on the risk of individuals at the project level. Corporate risk management should be implemented from the initial stages of new project selection. This paper suggests the Multi-criteria Integrated Systematic Analysis as a strategic decision-making tool for international construction contractors. The model integrates the multi-criteria of risk, return, and efficiency to choose the optimal set of new portfolios at the corporate level. This model also introduces the Value at Risk (VaR) concept to the international construction industry to present the total risk at the corporate level. To validate this model, this paper tested an experimental case study using the historical data of a global general contractor.
A Study on the Method of Estimating Indirect Labor Cost Rate Using the Analysis of Cost Items in Complete Works
Jung Soon-Kil ; Lee Hak-Ki ;
Korean Journal of Construction Engineering and Management, volume 2, issue 2, 2001, Pages 81~89
Construction industry has particular properties of non-continuity of production, and non-stability of market comparing to other industries. Because of them, the practical construction cost is more difficultly recognized than in manufacturing industry, so, that is various according to many projects. Therefore, it is very hard work to standardize construction cost, and it is worthy of analyzing and measuring exactly construction cost. On this study, the trouble in producing expected construction cost with original cost calculation method is progressed by the data of cost items in complete works. On the basis of analyzing data, as expected cost of practical construction is measured, it can be referred to the method and the standard of indirect labor cost rate in construction.
A Computerized Construction Cost Estimating Method based on the Actual Cost Data
Chun Jae-Youl ; Cho Jae-ho ; Park Sang-Jun ;
Korean Journal of Construction Engineering and Management, volume 2, issue 2, 2001, Pages 90~97
The paper considers non-deterministic methods of analysing the risk exposure in a cost estimate. The method(referred to as the 'Monte Carlo simulation' method) interprets cost data indirectly, to generate a probability distribution for total costs from the deficient elemental experience cost distribution. The Monte Carlo method is popular method for incorporating uncertainty relative to parameter values in risk assessment modelling. Non-deterministic methods, they are here presented as possibly effective foundation on which to risk management in cost estimating. The objectives of this research is to develop a computerized algorithms to forecast the probabilistic total construction cost and the elemental work cost at the planning stage.
A Case Study on Risk Analysis of Large Construction Projects
Kang In-Seok ; Kim Chang-Hak ; Son Chang-Baek ; Park Hong-Tae ;
Korean Journal of Construction Engineering and Management, volume 2, issue 2, 2001, Pages 98~108
This research proposes a new risk analysis model in order to guarantee successful performance of construction projects. The risk analysis model, called Construction Risk Analysis System(CRAS), is introduced to help contractors Identify project risks through RBS and through the procedures in risk analysis model. The proposed CRAS model consists of three phases. First step, CRAS model can help contractors decide whether or not they bid for a project by analysing risks involved in the project. Second step, the influence diagraming, decision tree and Monte Carlo simulation are used as tools to analyze and evaluate project risks quantitatively. Third step, Monte Carlo simulation is used to assess risk for groups of activities with probabilistic branching and calendars. Consequently, it will help contractors identify risk elements in their projects and quantify the impact of risk on project time and cost.