scholarly journals Analysis of construction cost prediction studies – global perspective

2019 ◽  
Vol 10 (3) ◽  
pp. 275-281 ◽  
Author(s):  
P. Velumani ◽  
N. V. N. Nampoothiri
Keyword(s):  
Tamil Nadu ◽  
Ease Of Use ◽  
Global Perspective ◽  
Future Research ◽  
Cost Overruns ◽  
Five Factors ◽  
Accuracy Of Results ◽  
The Cost ◽  
Accuracy Of Prediction ◽  
Cost Of Construction

It is well known that the civil engineering constructions are subjected to cost risk and time overruns. The uncertainties of the cost of construction many times result in disputes among stakeholders. The recent cost fluctuation in sand price in Tamil Nadu is a good example of time and cost overruns. There are too many models developed to predict the cost of construction by using different parameters and tools. The objectives of this research are to analyse the importance of research in this field, the countries focusing on this issue, level of implementation by the practicing engineers, the tools often or successfully used, the difficulties in predicting the cost and the accuracy of prediction and bringing out a useful conclusion to provide the direction for future research. In this research, a sample of 324 research papers out of more than 2000 papers listed in Scopus database between the years 1990 and 2015 were considered and analyzed on five factors. The five factors are 1) authors affiliation – academics, industry or both; 2) country; 3) tools used – ANN, regression, time-series models, etc.; 4) complexity involved or ease of use; 5) accuracy of results. The results show interesting information.

scholarly journals Effect of a dual tire pressure on the design parameters of thick asphalt pavements using finite element freeware

DYNA ◽  
2016 ◽  
Vol 83 (196) ◽  
pp. 194-203
Author(s):  
Myriam Rocío Pallares Muñoz ◽  
Julián Andrés Pulecio-Díaz
Keyword(s):  
Finite Element ◽  
Analytical Methods ◽  
Asphalt Pavement ◽  
Field Tests ◽  
Asphalt Pavements ◽  
Design Parameters ◽  
Future Research ◽  
Tire Pressure ◽  
The Cost ◽  
Cost Of Construction

<p>The effect of a dual tire pressure on the design parameters of thick asphalt pavements using finite element freeware EverStressFE©1.0 is evaluated. This is trying to represent more adjusted the footprint shape and intensity of stress generated by the tires of vehicles. To validate the elastic multilayer EverStress©5.0 software was used. The results of the deformations can be concluded that the asphalt pavement designs made with analytical methods may be slightly oversized and consequently increase the cost of construction of pavements. This study marks a route to analyze the sensitivity of various factors that may affect the design of asphalt pavements. Future research is expected to integrate dynamic conditions by introducing results of field tests to full scale.</p>

scholarly journals Predicting the Land Value using Regression Techniques and Artificial Neural Network

2019 ◽  
Vol 9 (1S3) ◽  
pp. 431-436
Keyword(s):  
Neural Network ◽  
Artificial Neural Network ◽  
Tamil Nadu ◽  
Research Work ◽  
Land Value ◽  
Regression Techniques ◽  
Artificial Neural ◽  
Artificial Neural Network Ann ◽  
The Cost ◽  
Cost Of Construction

Land value can be an important factor which influences the cost of construction on working in the project. The land has socio-economic and environmental values and the confronted problems on land involves the increasing costs for developing the land such as built up, agricultural, residential, commercial and industrial areas. Hence this paper concentrates on prediction of land value by considering some important factors that affects it. The study area has been selected under Tirupur district, being a developing one in Tamil Nadu. The eleven areas in four different taluks under Tirupur district were chosen for research work. The average values of monthly variation are taken for the chosen factor for the years from 2001 to 2017. Using regression analysis and artificial neural network, the prediction has been done for the future land value. The performance of both the model executed good and fit for forecasting results. Though both the model showed better results, Artificial Neural Network (ANN) showed accuracy than regression method.

Optimization of Construction Cost Using Industrial Wastes in Alternative Building Material for Walls

2016 ◽  
Vol 692 ◽  
pp. 1-8 ◽  
Author(s):  
Swetha Madhusudanan ◽  
Lilly Rose Amirtham
Keyword(s):  
Fly Ash ◽  
Tamil Nadu ◽  
Building Materials ◽  
Unit Cost ◽  
Construction Cost ◽  
Industrial Wastes ◽  
Wall Material ◽  
Load Bearing ◽  
The Cost ◽  
Cost Of Construction

Building materials constitute about 60%-70% of the total cost of construction. Reduction in the use of conventional materials may not be possible; therefore, an alternative solution to use low cost materials would reduce the overall construction cost of a building. Industrial wastes, when recycled and reused as a building materials, not only aid in overcoming disposal problems, but also conserve natural resources, decrease energy use, and reduce pollution caused during manufacturing processes, and consequently reduce greenhouse gas emissions. Materials such as Copper slag, Phospogypsum and Fly ash, when used as supplements for sand and coarse aggregate in the manufacture of wall materials, reduce the cost of construction considerably. Additionally, construction of buildings using these materials leads to more energy efficient buildings and can gain additional weightage (points) in Green building certification. The aim of this paper is to highlight the cost reduction in using alternative wall material for construction, through detailed analysis in an apartment building in Chennai, Tamil Nadu, India. A comparative study between the different materials used such as, bricks, fly ash blocks and Alternative blocks made of industrial waste (Madhusudanan 2015)) were taken into consideration to assess the unit cost of each material. Similarly, a study of the cost performance between a load bearing structure and a framed structure was made, and it was found that the overall construction cost has a greater impact for a load bearing building when compared to a framed structure.

scholarly journals Cost Over-Run in Civil Works: A Case-Study of Engineering, Procurement and Construction (EPC) Gas Depot Construction Projects in Nigeria

2020 ◽  
Vol 1 (4) ◽  
Author(s):  
Chukwuemeka Patrick Ogbu ◽  
Raphael Ehigiator-Irughe
Keyword(s):  
Construction Projects ◽  
Oil And Gas ◽  
Case Study Research ◽  
Petroleum Products ◽  
Cost Overrun ◽  
Cost Overruns ◽  
Cumulative Difference ◽  
The Cost ◽  
Cost Of Construction

Engineering, procurement and Construction (EPC) projects in the oil and gas sector of Nigeria are under-researched. This leaves investors with little or no guide on the cost-overrun risks of oil and gas depot projects. Using the qualitative case study research technique, this study investigated cost overrun in the civil works of a petroleum products depot project in Lagos, Nigeria. The objectives were to ascertain the reasons for cost overrun and the areas of substantial cost overrun in the project. It was found that except for the cost of construction of “gantry” which was under-measured as a result of use of a wrong method of costing, the rest of the major facilities experienced cost overrun with a cumulative difference of 106%. It was also discovered that the cost overruns mainly originated from design and construction activities. The study recommends the timely engagement of consultants to review the conceptual designs of contractors and monitor the activities of EPC contractors for oil and gas depot projects on behalf of clients. Such consultants should not, however, have powers to control the contractors. As much as possible, parties to EPC contracts should use standard conditions of contract that will better reflect their intentions rather than contrive bespoke conditions.

ABOUT NECESSITY OF MATHEMATICAL MODELING OF THE BUSINESS PROCESS OF COST ESTIMATE CALCULATIONS IN THE CONSTRUCTION OF OIL AND GAS FACILITIES

2017 ◽  
pp. 139-145
Author(s):  
R. I. Hamidullin ◽  
L. B. Senkevich
Keyword(s):  
Mathematical Modeling ◽  
Quality Assessment ◽  
Business Process ◽  
Oil And Gas ◽  
Oil And Gas Industry ◽  
Gas Industry ◽  
Construction Organizations ◽  
The Cost ◽  
Cost Of Construction

A study of the quality of the development of estimate documentation on the cost of construction at all stages of the implementation of large projects in the oil and gas industry is conducted. The main problems that arise in construction organizations are indicated. The analysis of the choice of the perfect methodology of mathematical modeling of the investigated business process for improving the activity of budget calculations, conducting quality assessment of estimates and criteria for automation of design estimates is performed.

Attraction of prey

2018 ◽  
Author(s):  
John D. Horner ◽  
Bartosz J. Płachno ◽  
Ulrike Bauer ◽  
Bruno Di Giusto
Keyword(s):  
Visual Cues ◽  
Synergistic Action ◽  
Carnivorous Plants ◽  
Future Research ◽  
Acoustic Cues ◽  
Qualitative And Quantitative Analysis ◽  
Qualitative And Quantitative ◽  
The Past ◽  
The Cost ◽  
Prey Attraction

The ability to attract prey has long been considered a universal trait of carnivorous plants. We review studies from the past 25 years that have investigated the mechanisms by which carnivorous plants attract prey to their traps. Potential attractants include nectar, visual, olfactory, and acoustic cues. Each of these has been well documented to be effective in various species, but prey attraction is not ubiquitous among carnivorous plants. Directions for future research, especially in native habitats in the field, include: the qualitative and quantitative analysis of visual cues, volatiles, and nectar; temporal changes in attractants; synergistic action of combinations of attractants; the cost of attractants; and responses to putative attractants in electroantennograms and insect behavioral tests.

This Is an Abridged Account of Delhi Which Is an Old City and One of the Chosen Ones amongst the Cities

2018 ◽  
Author(s):  
Mirza Sangin Beg
Keyword(s):  
Popular Culture ◽  
East India Company ◽  
Ordinary People ◽  
Work Spaces ◽  
History Of ◽  
English East India Company ◽  
Local Traditions ◽  
The Cost ◽  
The City ◽  
Cost Of Construction

The second part of the translation has three segments. The first is dedicated to the history of Delhi from the time of the Mahabharat to the periods of Anangpal Tomar to the Mughal Emperor Humayun as also Sher Shah, the Afghan ruler. In the second and third segments Mirza Sangin Beg adroitly navigates between twin centres of power in the city. He writes about Qila Mubarak, or the Red Fort, and gives an account of the several buildings inside it and the cost of construction of the same. He ambles into the precincts and mentions the buildings constructed by Shahjahan and other rulers, associating them with some specific inmates of the fort and the functions performed within them. When the author takes a walk in the city of Shahjahanabad, he writes of numerous residents, habitations of rich, poor, and ordinary people, their mansions and localities, general and specialized bazars, the in different skills practised areas, places of worship and revelry, processions exemplifying popular culture and local traditions, and institutions that had a resonance in other cultures. The Berlin manuscript gives generous details of the officials of the English East India Company, both native and foreign, their professions, and work spaces. Mirza Sangin Beg addresses the issue of qaum most unselfconsciously and amorphously.

scholarly journals Monitoring the technological processes in the wood industry in order to make them more efficient through technical overhauling

2019 ◽  
Vol 290 ◽  
pp. 02007
Author(s):  
Radu Dan Paltan ◽  
Cristina Biriş ◽  
Loredana Anne-Marie Rădulescu
Keyword(s):  
Automotive Industry ◽  
Operating Mode ◽  
Solid Wood ◽  
Production Costs ◽  
Operating Costs ◽  
Future Research ◽  
Wood Industry ◽  
Research Article ◽  
State Of Research ◽  
The Cost

Of many techniques that are used to optimize production and costs, the studies conducted within a profile company lead to our choice for testing the 6Sigma method (the most used method in the automotive industry) in view of the economic efficiency applied in the wood Industry company. This method measures how many flaws exist in a process and determines in a systematic way how to improve it by technical overhauling and eliminating or minimizing the process for efficiency. This research article aims to study the state of research on the optimization of the production process through technical overhauling for panels reconstituted from solid wood and ways to make production more efficient by cutting costs through technical overhauling. From preliminary research, we estimate that all the items founded and others that will result from further research will result in a significant decrease in production costs that are reflected in the cost of the finished product and consequently in increasing the yield of the company by maximizing its profit. At the same time it may be the basis of future research studies in the field. The easier it is to maximize profits, the lower the operating costs are and the higher recovery rate of investments are, that will result a change in the operating mode: “working smarter not harder”.

scholarly journals An explanatory study of the use of e-mail investor communication by South African listed companies

2016 ◽  
Vol 18 (1) ◽  
Author(s):  
Roelof Baard ◽  
George Nel
Keyword(s):  
Listed Companies ◽  
Future Research ◽  
Contact Method ◽  
Interactive Communication ◽  
Handling Performance ◽  
Corporate Websites ◽  
Use Of Social Media ◽  
Almost All ◽  
The Cost ◽  
E Mail

Background: Although research shows that almost all listed companies have corporate websites with dedicated investor relations (IR) sections that enable companies to ‘push’ information to investors, it was argued that such an asymmetrical approach to communication is insufficient for companies wishing to exercise good IR. The purpose of this study was to test the effectiveness of the Internet to act as a mechanism to achieve more interactive communication between companies and investors.Objectives: The objectives of the study were to measure the responsiveness, timeliness and relevance of companies’ responses to e-mail requests, and to test for the determinants (size, market-to-book ratio, profitability, leverage and liquidity) thereof.Method: The mystery investor approach and a content analysis were used to study the e-mail handling performance of companies. The associations between company-specific characteristics were statistically tested.Results: It was found that the e-mail handling performance of companies in this study was poor compared with previous studies. Significant relationships between company size and responsiveness and relevance, and between market-to-book ratio and relevance were reported, as well as between the contact method used to request information and relevance and the use of social media and timeliness.Conclusion: Specific areas where companies could improve their investor communications were identified. The need for further research was discussed to explain some of the relationships found, as well as those not found, in contrast to what was expected. Future research is warranted to examine the relationship between the e-mail handling performance of companies and information asymmetry and the cost of equity of companies.

Online Retail Service Quality: Scale Development and Validation

2021 ◽  
pp. 097226292110112
Author(s):  
Biranchi Narayan Swar ◽  
Rajesh Panda
Keyword(s):  
Service Quality ◽  
Technology Acceptance ◽  
Ease Of Use ◽  
Measurement Scale ◽  
Future Research ◽  
Market Place ◽  
Online Retail ◽  
Online Retailers ◽  
Retail Service ◽  
Retail Service Quality

The growth of online retailing has created an opportunity to create a scale specifically for online retail services. At the same time, the increasing rate of internet penetration in India coupled with electronic banking and wallets has formed new market place for many online retailers. In this context, to gain competitive advantage, the online retailers should provide better service quality. Thus, the present research tries to know the various constructs of retail service quality (RSQ) in online format and develop a measurement scale. The study has borrowed the constructs from ‘Retail Service Quality’ (RSQ) and ‘Technology Acceptance Model’ (TAM). For this purpose, we collected data from 600 respondents. The scale has been confirmed and validated by using CFA. The study confirmed that online RSQ (ORSQ) scale consists of four constructs: ‘Ease of Use’, ‘Problem Solving’, ‘Policy’ and ‘Reliability’ with 18 variables. The article has concluded and validated a scale for ORSQ which can help the online retailers to design their service offering. The implications of the ORSQ scale for practitioners, as well as for future research, are discussed in this article.

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