• International conference on construction engineering and project management
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• 2005.10a
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• pp.744-747
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• 2005

The AEC (Architecture/Engineering/Construction) industry is facing a competitive world after it entered into the 21^st century. Due to improper planning and scheduling, the construction projects face severe delays in completion. Most of the present day construction organisations operate in multiple project environments where more than one projects are to be managed simultaneously. But the advantages of planning and scheduling as multiple projects have not been utilized by these organisations. Change in multi-project planning and scheduling is inevitable and often frequent, therefore the traditional planning and scheduling approaches are no more feasible in scheduling multiple construction projects. The traditional scheduling tools like CPM and PERT do not offer any help in scheduling in a resource-constrained environment. This necessitated a detailed study to model the environment realistically and to make the allocation of limited resources flexible and efficient. This paper delineates about the proactive model which will help the project managers for scheduling the multiple construction projects.

• Proceedings of the Korean Institute Of Construction Engineering and Management
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• 2008.11a
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• pp.922-925
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• 2008

Many highway projects are under way in Korea. However, owners frequently find that the project cost exceeds the budget and they are unable to identify the underlining reasons. The main purpose of this research is to develop cost models for transportation projects in Korea using the multiple linear regression (MLR). The data consist of 27 completed transportation projects, built from 1991 to 2001, The technique of multiple regression analysis is used to develop the parametric cost estimating model for total budget cost per highway square meter (TBC/$m^2$). Findings of the study indicated that MLR car be applied to highway projects in Korea. There are twf) major contributions of this research. (1) the identification of transportation parameters as a significant cost driver for transportation costs and (2) the successful development of the parametric cost estimating models for transportation projects in Korea.

• International conference on construction engineering and project management
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• 2007.03a
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• pp.530-539
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• 2007

Many construction projects such as highways, pipelines, tunnels, and high-rise buildings typically contain repetitive activities. Research has shown that the Critical Path Method (CPM) is not efficient in scheduling linear construction projects that involve repetitive tasks. Linear Scheduling Method (LSM) is one of the techniques that have been developed since 1960s to handle projects with repetitive characteristics. Although LSM has been regarded as a technique that provides significant advantages over CPM in linear construction projects, it has been mainly viewed as a graphical complement to the CPM. Studies of scheduling linear construction projects with resource consideration are rare, especially with multiple resource constraints. The objective of this proposed research is to explore a resource assignment mechanism, which assigns multiple critical resources to all activities to minimize the project duration while satisfying the activities precedence relationship and resource limitations. Resources assigned to an activity are allowed to vary within a range at different stations, which is a combinatorial optimization problem in nature. A heuristic multiple resource allocation algorithm is explored to obtain a feasible initial solution. The Simulated Annealing search algorithm is then utilized to improve the initial solution for obtaining near-optimum solutions. A housing example is studied to demonstrate the resource assignment mechanism.

• International conference on construction engineering and project management
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• 2007.03a
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• pp.653-661
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• 2007

Overseas construction projects tend to be more complex than domestic projects, being exposed to more external risks, such as politics, economy, society, and culture, as well as more internal risks from the project itself. It is crucial to have an early understanding of the project condition, in order to be well prepared in various phases of the project. This study compares a structural equation model and multiple regression analysis, in their capacity to predict cost performance of international construction projects. The structural equation model shows a more accurate prediction of cost performance than does regression analysis, due to its intrinsic capability of considering various cost factors in a systematic way.

• The Journal of Information Systems
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• v.27 no.4
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• pp.229-249
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• 2018

Purpose The purpose of this paper is to conduct exploratory comparative research on the determinants of successful crowdfunding projects, focusing on multiple crowdfunding platforms in Korea, U.S., and Japan. Design/methodology/approach This study collected data from three representative crowdfunding platforms: Wadiz (Korea), Kickstarter (U.S.), and Readyfor (Japan). Based on 1,906 crowdfunding projects from Wadiz, 3,864 projects from Kickstarter, and 3,060 projects from Readyfor, multiple regression models were applied. Findings Focusing on the crowdfunding projects which have overly achieved goal amount, the analysis results show that the number of comments, the number of Facebook likes and the number of backers have an positive impact on the performance of crowdfunding projects, while target amount has a negative impact. Comparatively, word counts of project description have an impact on funding performance in U.S. and Japan, while the number of images in project description affects funding performance in Korea and U.S. Meanwhile, video clips in project description has little impact on crowdfunding performance in all of the three funding platforms.

• International conference on construction engineering and project management
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• 2009.05a
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• pp.1503-1508
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• 2009

The paradigm of urban generation does not lie in physical development/maintenance such as urban redevelopment any more. The paradigm is shifting to balanced activation of administration / management functions including central commerce/business functions, broad culture/tourism functions, international functions and adequate level of residence functions. The urban regeneration project aims to restore functions of cities by physical/environmental, living/cultural and industrial/economical regeneration and is managed differently from existing projects in that it includes multiple sub-projects in it. The overall projects management should be by managing the value sought by the urban regeneration project and multiple other sub-projects. The objective of this study is to present various methods of value management in order to avoid conflicts between various objectives within the said project. It aims to provide the value management methods for decision making by understanding correlatedness between values of various projects and prioritizing them.

• 한국IT서비스학회:학술대회논문집
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• 2003.05a
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• pp.577-583
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• 2003

Due to the widespread availability of the internet, large-scale and dynamic distributed projects in industry are becoming popular. We present a distributed, collaborative, and adaptive control approach for decentralized multiple projects, which is one of representative project environments in modern e-enterprises. In this paper we deal with short term scheduling and rescheduling of resources, which are shared by multiple projects. We in specific, address the dynamic nature of the situation. We model this as a dynamic economy, where the multiple local markets are established and cleared over time trading resource time slots(goods). Local markets are modeled using a combinatorial auction mechanism. Due to the dynamic and distributed nature of economy, through our approach we can achieve higher levels of flexibility, scalability and adaptability.

• International conference on construction engineering and project management
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• 2011.02a
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• pp.201-208
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• 2011

Today's highly competitive construction scenario forces all the major players in the field to take up multiple projects which have put an undue pressure on the resources available within the organization. Under such a situation, there are many instances where in the resource requirement exceeds its availability due to multiple activities (with same resource requirement) which are scheduled to start simultaneously and thus results in the constrained resource becoming a bottleneck of the project. As a consequence of sharing resources, this paper studies the impact on the completion date of two similar projects under two different conditions, the first one resulting in a postponed end date and the second without any postponement. The resource utilization, the possibility of substitution of a resource and its subsequent impact on the deadline of the project is analyzed under these two circumstances. The study is done on a Critical Chain Project Management (CCPM) platform instead of leaving the schedule with a traditional Critical Path Method (CPM) finish, which gives an added advantage of validating the robustness of the emerging CCPM trend in the field of resource management.

• Korean Journal of Construction Engineering and Management
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• v.5 no.2 s.18
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• pp.211-218
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• 2004

In a large owner organization, a program manager of multiple maintenance and remodeling projects has experienced increasing scale and complexity of coordinating the M/R projects with in-house technicians who belong to multiple trade shops. This paper proposes a dual-level hierarchical planning strategy that consists of a program master plan in the long-term horizon and a master construction schedule in an operational scheduling window. A rolling horizon approach to the program master plan is proposed to deal with the external uncertainty of unknown stream of project requests. A resource-constrained scheduling algorithm is developed to generate the master construction schedule in a scheduling window. During development of the algorithm, more emphasis is placed on long-term organizational resource continuity, especially flow management of program constraint resources, than ephemeral events of an individual activity and project. Monte Carlo simulation experiments of three scheduling windows are used to evaluate the relative performance of the proposed scheduling algorithm against three popular scheduling heuristics for resource-constrained multiple projects.

• International conference on construction engineering and project management
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• 2007.03a
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• pp.777-786
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• 2007

This paper presents a modified simulated annealing algorithm to optimize linear scheduling projects with multiple resource constraints and its effectiveness is verified with a proposed problem. A two-stage solution-finding procedure is used to model the problem. Then the simulated annealing and the modified simulated annealing are compared in the same condition. The comparison results and the reasons of improvement by the modified simulated annealing are presented at the end.