Korean Journal of Construction Engineering and Management最新文献_第8页

An Improvement Measures of Maintenance Cost Accounting Standard for Improving Value in Public Buildings 提高公共建筑价值的维修成本会计准则改进措施

Korean Journal of Construction Engineering and Management Pub Date : 2016-03-31 DOI: 10.6106/KJCEM.2016.17.2.012

Sangouk Cho, Jeongha Hwang, Chansik Lee

{"title":"An Improvement Measures of Maintenance Cost Accounting Standard for Improving Value in Public Buildings","authors":"Sangouk Cho, Jeongha Hwang, Chansik Lee","doi":"10.6106/KJCEM.2016.17.2.012","DOIUrl":"https://doi.org/10.6106/KJCEM.2016.17.2.012","url":null,"abstract":"Abstract : Along with the change of national accounting, the importance of systematic management of assets is emphasized and the awareness that the concept termed Asset Management should be introduced to the construction field too to manage facilities. The present study is a basic study for the introduction of the concept Asset Management and proposed accounting guidelines(proposal) for public building maintenance cost that can clarify maintenance cost accounting. Existing literatures and current accounting standards were examined and the actual states of maintenance cost accounting of public buildings in A metropolitan city were examined to draw problems. For the practice guidelines(proposal), the types and contents of government office building maintenance expenditures were analyzed and items that must be treated as OPEX and CAPEX were presented. Expert interviews were conducted to verify the reliability of the items presented. The practice guidelines(proposal) were applied to the public buildings in A metropolitan city to identify situations of changes in asset values and review the effects of the practice guidelines(proposal) on increases in asset values. When applied to practices, the practice guidelines(proposal) suggested in the present study are considered to increase building asset values and provide consistent financial information to help stakeholders' decision making.","PeriodicalId":220018,"journal":{"name":"Korean Journal of Construction Engineering and Management","volume":"76 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2016-03-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"127530099","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Improvement through Analysis of Current Open Book Policy for the Korean CM at Risk 韩国风险管理公开政策的改进分析

Korean Journal of Construction Engineering and Management Pub Date : 2016-03-31 DOI: 10.6106/KJCEM.2016.17.2.003

Kyungmo Park, Chang-Duk Kim

{"title":"Improvement through Analysis of Current Open Book Policy for the Korean CM at Risk","authors":"Kyungmo Park, Chang-Duk Kim","doi":"10.6106/KJCEM.2016.17.2.003","DOIUrl":"https://doi.org/10.6106/KJCEM.2016.17.2.003","url":null,"abstract":"CM at Risk has been introduced in Korea to keep up with the global standards of construction management and provide a higher quality of cm service in line with a rapid change of the construction industry recently. However, it is widely considered that more time would required to settle down the system due to a lack of understanding towards CM at Risk, shortage of reliability and low capability to manage and undertake CM at Risk. Therefore, this research is analyzed problems of contract types, open book policies, and contract conditions of 33 numbers of projects undertaken by a bespoke domestic construction management firm in this research. Moreover, this research is suggested a method to establish an open book policy of CM at Risk aiming a better customers satisfaction through staff training, simplifying and improving a payment system, and a way to settle down an open book policy by improving a performance management system on site. It's expected that this research will contribute to a more competitive system with more dominating the market and a differentiation of the service so as clients to rely more on the CM at Risk.","PeriodicalId":220018,"journal":{"name":"Korean Journal of Construction Engineering and Management","volume":"84 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2016-03-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"124913786","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 1

A methodology for Predicting Equity Input Timing/Amount for Decision Making of Financing Apartment Housing Projects - From the Perspective of Mid-sized Construction Companies - 公寓住宅项目融资决策中股权投入时间/金额的预测方法——以中型建设企业为例

Korean Journal of Construction Engineering and Management Pub Date : 2016-03-31 DOI: 10.6106/KJCEM.2016.17.2.021

Jin-hyuk Yoo, H. Cha, Dong-Woo Shin, Kyung-Rai Kim

{"title":"A methodology for Predicting Equity Input Timing/Amount for Decision Making of Financing Apartment Housing Projects - From the Perspective of Mid-sized Construction Companies -","authors":"Jin-hyuk Yoo, H. Cha, Dong-Woo Shin, Kyung-Rai Kim","doi":"10.6106/KJCEM.2016.17.2.021","DOIUrl":"https://doi.org/10.6106/KJCEM.2016.17.2.021","url":null,"abstract":"Abstract : The current PF project is entirely relying on construction company's credibility. As such, it has increased a negative and bad recognition in domestic real estate economy. In addition, PF experts has a perception that a project's safety of future cash flow profitability is more important than the construction company's credibility. So many PF experts make an effort in order to set aside safe project structure of PF and analyse systematically the risks of the project. In common feasibility study of the PF Project, financial specialists and real estate specialists are forecasting and evaluating the suitability of the project through reviewing the development profit from the project of sales. However, cash flow analysis and evaluation from the perspective of mid-sized construction companies are still in the primary level. Therefore, this study has analysed the current feasibility study and go/no go decision making procedures. Then the authors have a new cash flow analysis method from the perspective of mid-sized construction companies, by improving the feasibility study and go/no go decision making procedures.","PeriodicalId":220018,"journal":{"name":"Korean Journal of Construction Engineering and Management","volume":"21 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2016-03-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"133603778","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Development of Construction R&D Strategy through the International Construction Market Analysis 从国际建筑市场分析看建筑研发战略的制定

Korean Journal of Construction Engineering and Management Pub Date : 2016-03-31 DOI: 10.6106/KJCEM.2016.17.2.049

Hwan-pyo Park, Seok Kim

引用次数: 2

Improvement of Construction Quality Management through Analyzing Construction Work`s Quality Inspection Results 通过对施工质量检验结果的分析，提高施工质量管理水平

Korean Journal of Construction Engineering and Management Pub Date : 2016-01-31 DOI: 10.6106/KJCEM.2016.17.1.110

Sang-min Jung, Jungeun Park, Yongwoon Cha, Sangwon Han, Chang-taek Hyun

引用次数: 1

The Case Study on Performance Measurement Weighting for Efficient Value Engineering Study of Sewage Treatment Facliity 污水处理设施高效价值工程研究中绩效衡量权重的实例研究

Korean Journal of Construction Engineering and Management Pub Date : 2016-01-31 DOI: 10.6106/KJCEM.2016.17.1.040

Jaeil Park, Dong-jin Kim, Gyeonghyun Kim, Jongkwon Lim, Minjae Lee

引用次数: 2

A Study on Setting Up Work Conditions for Improving Productiviyt of BIM-based Cost Estimation 基于bim的成本估算中提高生产率的工作条件设置研究

Korean Journal of Construction Engineering and Management Pub Date : 2016-01-31 DOI: 10.6106/KJCEM.2016.17.1.056

Seongah Kim, Gweon Park, B. Song, Chel-Ho Choi, S. Chin

{"title":"A Study on Setting Up Work Conditions for Improving Productiviyt of BIM-based Cost Estimation","authors":"Seongah Kim, Gweon Park, B. Song, Chel-Ho Choi, S. Chin","doi":"10.6106/KJCEM.2016.17.1.056","DOIUrl":"https://doi.org/10.6106/KJCEM.2016.17.1.056","url":null,"abstract":"Many cases have mentioned the effect by applying BIM on the media such as at conferences, workshops, reports, ect. These cases reported that costs could be saved directly by prevention the need to re-do and reconstruct caused by using BIM. BIM users mentioned that using BIM has potential value in saving costs. The benefits of the BIM include intangible value that cannot be estimated in costs, such as reducing work time and improving productivity. However, the financial value of using BIM, such as Return on Investment, has not yet been exposed, and BIM users have a negative view of the financial value of BIM in Korea. Therefore, this study has researched the effects of applying BIM on construction estimate services in view of business productivity, not finance. This study compared the traditional and BIM based estimation, and verified the effect of estimating BIM through work sampling. This study investigated a precondition for getting the effects of BIM based estimation. The results show a need for BIM education, 3D Modeling standards, and database on quantity in order to improve product ivity and reduce work time on BIM based estimation","PeriodicalId":220018,"journal":{"name":"Korean Journal of Construction Engineering and Management","volume":"28 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2016-01-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"128357587","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 5

A Dynamic Approach for Evaluating the Validity of Boosting Pocliies for Green Standard for Energy and Environmental Design Certification 能源与环境设计认证绿色标准促进政策有效性的动态评价方法

Korean Journal of Construction Engineering and Management Pub Date : 2016-01-31 DOI: 10.6106/KJCEM.2016.17.1.028

Jung-hwa Kim, Hyun-soo Lee, Moonseo Park, Seulbi Lee

引用次数: 1

Application of Metadata System for Efficient Information Management in Logistics of LNG plant 元数据系统在LNG工厂物流高效信息管理中的应用

Korean Journal of Construction Engineering and Management Pub Date : 2016-01-31 DOI: 10.6106/KJCEM.2016.17.1.092

Chang-Hoon Choi, S. Won, Choong-Hee Han, Junbok Lee

引用次数: 3

A Real Option Perspective to Evaluate Purchase Decisions of Construction Materials with High Price Volatility 基于实物期权的高价格波动建筑材料采购决策评估

Korean Journal of Construction Engineering and Management Pub Date : 2016-01-31 DOI: 10.6106/KJCEM.2016.17.1.076

Byungil Kim, Changyoon Kim

{"title":"A Real Option Perspective to Evaluate Purchase Decisions of Construction Materials with High Price Volatility","authors":"Byungil Kim, Changyoon Kim","doi":"10.6106/KJCEM.2016.17.1.076","DOIUrl":"https://doi.org/10.6106/KJCEM.2016.17.1.076","url":null,"abstract":"Decision-making in construction projects often include options features. Such embedded options are difficult to value properly and many decision makers do not have experience in option analysis. The purpose of this paper is to demonstrate how real option analysis can be used to value capital expenditures on construction materials. We propose a real option framework to evaluate decision-making processes involving the purchase of construction materials. A case study was conducted by evaluating the purchase decision-making of solar cells, a good with high price volatility. Using real option analysis two strategies to improve the financial feasibility of installing a solar panel system were derived. The first strategy involves using a price cap that gives the project manager the right, but not obligation, to buy the modules for a predefined price during the next year. The second strategy is to defer the purchase of the solar cells until future price information becomes clearer. Both of the strategies in the case study were valued using the binominal model. This study will help to improve the financial feasibility of purchasing construction materials with high price volatility by including the value of managerial flexibility.","PeriodicalId":220018,"journal":{"name":"Korean Journal of Construction Engineering and Management","volume":"40 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2016-01-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"125487966","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 1