Contracting Dynamics in Acquiring or Awarding Decisions for Projects and Tenders

2021 ◽  
pp. 286-305
Author(s):  
Mohamad Raafat Elbardiny
Keyword(s):  
Industry 4.0 ◽  
Structural Engineering ◽  
Smart Cities ◽  
Decision Makers ◽  
Construction Sector ◽  
Financial Modeling ◽  
Business Dynamics ◽  
Financial Planners

The construction sector is large; it engages a variety of professions thus it is a main provider of employment and has a diverse market. The construction sector has a reputation for being conservative, problematic, and inefficient. This should change as we are moving toward industry 4.0 and smart cities that is injecting new tools and business dynamics. This chapter is trying to find methodologies to make an equilibrium between value produced by the contract, the flexibility of contract terms and contracting conditions thus contractors can be controlled in a reasonable matter. We are in here applying concepts and techniques from statics science and structural engineering to calculate PORD or PRCD (the Percentage Profit On Realistic Cashflow Duration) as a new financial modeling parameter that can help financial planners and decision makers to take more realistic decision. This parameter can be used jointly with other financial parameters such as ROI, IRR and NPV.

scholarly journals SMARTIES Project: The Survey of Needs for Municipalities and Trainers for Smart Cities

Challenges ◽  
2021 ◽  
Vol 12 (1) ◽  
pp. 13
Author(s):  
George Xydis ◽  
Luca Pagliaricci ◽  
Živilė Paužaitė ◽  
Vygintas Grinis ◽  
Gyula Sallai ◽  
...  
Keyword(s):  
Public Sector ◽  
Smart Cities ◽  
Prior Experience ◽  
Environmental Awareness ◽  
General Concept ◽  
Decision Makers ◽  
The Public ◽  
Low Level ◽  
The Subject

In an aim to contribute to already existing knowledge upon the subject of smart cities and the public sector’s wider knowledge in Europe, this study investigates the perception by the municipalities and the wider public sector, responsible for implementing smart solutions in the environment. The understanding of the concept of smart cities/villages by municipalities is on a low level due to the fact that the problem is too wide, not well described, solutions even wider, accompanied by the lack of experts able to offer comprehensive solutions to municipalities. The study presents factors according to the current municipalities’ knowledge (environmental awareness, knowledge and prior experience) and the existing market, of whether these factors can be said that affect the acceptance of smart cities. The public is already aware of the smart cities as a general concept, however, the study sheds light upon the established knowledge that the decision makers have in five countries, Hungary, Slovakia, Italy, Lithuania, and Denmark.

Integration between knowledge management and business process management and its impact on the decision making process in the construction sector: a case study of Jordan

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Sami Wasef Abuezhayeh ◽  
Les Ruddock ◽  
Issa Shehabat
Keyword(s):  
Decision Making ◽  
Knowledge Management ◽  
Business Process Management ◽  
Process Management ◽  
Business Processes ◽  
Decision Makers ◽  
Decision Making Process ◽  
Construction Sector ◽  
Content Type

Purpose The purpose of this paper is to investigate and explain how organizations in the construction sector can enhance their decision-making process (DMP) by practising knowledge management (KM) and business process management (BPM) activities. A conceptual framework is developed that recognises the elements that impact DMP in terms of KM and BPM. The development of this framework goes beyond current empirical work on KM in addition to BPM as it investigates a wider variety of variables that impact DMP. Design/methodology/approach A case study is undertaken in the context of the construction industry in Jordan. A theoretical framework is developed and assessment of the proposed framework was undertaken through a questionnaire survey of decision-makers in the construction sector and expert interviews. Findings The outcomes of this research provide several contributions to aid decision-makers in construction organizations. Growth in the usage of KM and BPM, in addition to the integration between them, can provide employees with task-related knowledge in the organization’s operative business processes, improve process performance, promote core competence and maximise and optimise business performance. Originality/value Through the production of a framework, this study provides a tool to enable improved decision-making. The framework generates a strong operational as well as theoretical approach to the organizational utilization of knowledge and business processes.

scholarly journals Practical Approaches Toward Sustainable Development in Iranian Green Construction

2018 ◽  
Vol 4 (10) ◽  
pp. 2450 ◽  
Author(s):  
Mohammad Reza Darabpour ◽  
Mehrab Darabpour ◽  
Javad Majrouhi Sardroud ◽  
John Smallwood ◽  
Gholamali Tabarsa
Keyword(s):  
Sustainable Development ◽  
Subject Area ◽  
Decision Makers ◽  
Future Generations ◽  
Building Industry ◽  
Construction Sector ◽  
Internal Factors ◽  
Analysis Technique ◽  
The Subject ◽  
Developed Nations

Developed nations acknowledge sustainable development as a legal right for current and future generations. Although instances of domestic and international efforts are prevalent, there is a long way to go before accomplishing developmental ideals. A practical approach for realizing the vital goals of sustainable development is of the utmost importance. In effect, the construction sector requires extensive forward-looking studies for strategizing, building and granting a sustainable future. The inconsistency between the goals and activities of different sectors is a main impediment upon undertaking sustainable development’s goals; decision and lawmakers must consider the purpose and interests of the building industry on a micro and macro level. This paper is a brief review for understanding the concept of sustainable development and illustrates some of the international efforts, and highlights them for decision makers.  Using the ‘PESTLE’ analysis technique, external and internal factors influencing sustainability in the Iranian construction sector were identified. Interviews were conducted with experts using the ‘Snowball’ research method due to the lack of knowledgeable respondents in the subject area. 11 Practical steps needed in Iran were recommended and sorted by their importance to make this vision a reality. The results can be generalized to other disciplines as well.

Performance Evaluation of Sustainable Smart Cities in India

2019 ◽  
pp. 14-40
Author(s):  
Rajeev Ranjan ◽  
Prasenjit Chatterjee ◽  
Dilbagh Panchal ◽  
Dragan Pamucar
Keyword(s):  
Smart Cities ◽  
Decision Makers ◽  
Color Coding ◽  
Social Growth ◽  
Economic Issues ◽  
System Method ◽  
Social Environmental ◽  
Individual Criterion ◽  
Indian Cities ◽  
Holistic Manner

Indian cities have seen accelerated economic and social growth, attracting more and more people from all parts of the country. Growth achieved by cities is linked to their ability to address issues related to urbanization and associated social, environmental, and economic issues in a holistic manner, while making the most of future opportunities. In this chapter, using PROMETHEE and GAIA (geometrical analysis for interactive aid) approaches, an attempt is made to evaluate the performances of 20 smart cities in Indian context based on 10 critically important criteria. A GIS (geographic information system) method and an HSV (hue-saturation-value) color coding scheme-based on cartographic principles are also employed to identify the influence of individual criterion on the overall rank of the smart cities. This analysis would help the decision makers to identify the strengths and deficiencies of Indian smart cities with respect to considered criteria conditions so that proper promotional and growth actions can be implemented.

Secure Cyber-Physical Systems for Improving Transportation Facilities in Smart Cities and Industry 4.0

2021 ◽  
pp. 772-791
Author(s):  
Vijey Thayananthan ◽  
Javad Yazdani
Keyword(s):  
Industry 4.0 ◽  
Service Providers ◽  
Smart Cities ◽  
Signal Transmission ◽  
Transportation System ◽  
Cyber Physical Systems ◽  
Safety System ◽  
Research Proposal ◽  
Strategic Research ◽  
Physical Systems

The main aim of this strategic research proposal is to develop a model of secure transportation system using efficient CPS which not only reduce the unnecessary accident rates but also increase safety system that enhances the livability of smart cities and Industry 4.0. Although the main focus is efficient security solutions, dynamic and intelligent approaches of the future security solutions will be able to detect the evolving threats and cyberattacks during the data or signal transmission between the users and service providers.

Green IoT (G-IoT) Ecosystem for Smart Cities

2021 ◽  
pp. 1-37
Author(s):  
Vasaki Ponnusamy ◽  
Bobby Sharma ◽  
Waqas Nadeem ◽  
Goh Hock Guan ◽  
N. Z. Jhanjhi
Keyword(s):  
Internet Of Things ◽  
Mobile Phones ◽  
Green Infrastructure ◽  
Industry 4.0 ◽  
Smart Cities ◽  
Green Energy ◽  
The Internet ◽  
Food Packages ◽  
The World ◽  
Conceptual Study

We are in the era of Industry 4.0 with the world going towards everything, everywhere, and anytime with “things” being enablers of technology. Our world is becoming smarter with everything (mobile phones, cars, TVs) connected to each, having unique addresses and communication mechanisms. It is foreseen that by 2025 every little thing, like pen, paper, food packages, etc., would be operated over the internet by internet of things (IoT) towards a smarter world. However, in order to enable the smart world to be sustainable, IoT should be embarking into energy efficient (green) paradigms. Since IoT is also a key enabler for smart cities, a green-aware design of smart cities could see a potential to create a green IoT ecosystem for smart cities. This ecosystem would comprise the green IoT lifecycle, the six pillars of smart cities, and focusing on the green infrastructure, green applications, and green energy. This conceptual study would motivate researchers embarking into smart city projects and keeping green concepts intact in their design and implementations.

Smart Cities and Industry 4.0

2021 ◽  
pp. 213-229
Author(s):  
P.M. Kavitha ◽  
M. Anitha
Keyword(s):  
Industry 4.0 ◽  
Smart Cities

A Participative Method for Prioritizing Smart City Interventions in Medium-Sized Municipalities

2019 ◽  
Vol 6 (1) ◽  
pp. 41-63 ◽  
Author(s):  
Yannis Charalabidis ◽  
Christina Theocharopoulou
Keyword(s):  
Decision Support ◽  
Best Practices ◽  
Smart City ◽  
Smart Cities ◽  
Economic Status ◽  
Decision Makers ◽  
Methodological Framework ◽  
Decision Support Model ◽  
Critical Issues ◽  
Selection Of

One of the most critical issues relating to smart cities is the selection of the most suited interventions, among numerous available options. Especially when medium-sized municipalities are concerned that typically have less capabilities and available expertise, the need for a methodological framework for supporting the selection of possible interventions is profound. The aim of this article is to propose such a participative method for investigating the sectors in which a municipality could take actions, and for deciding on possible interventions. The approach includes citizens' opinion, municipality policy, and the organizational, technological and economic status of the municipality, as well as best practices from other smart cities. This way, a multi-criteria decision support model was developed, in order to select the best application scenarios for a medium-sized municipality. The model was applied in Samos Island in Greece, revealing that citizens show great interest in the development of smart applications. The whole approach can be easily applied, with the proper modifications, in a large variety of cities, offering a useful tool to decision makers and societies.

scholarly journals Energy Efficiency in Industry 4.0: The Case of Batch Production Processes

2020 ◽  
Vol 12 (16) ◽  
pp. 6631 ◽  
Author(s):  
Giancarlo Nota ◽  
Francesco David Nota ◽  
Domenico Peluso ◽  
Alonso Toro Lazo
Keyword(s):  
Energy Consumption ◽  
Industry 4.0 ◽  
Production Systems ◽  
Decision Makers ◽  
Batch Processes ◽  
Energy Losses ◽  
Manufacturing Processes ◽  
Batch Production ◽  
Production Processes ◽  
Cyber Physical Production Systems

We derived a promising approach to reducing the energy consumption necessary in manufacturing processes from the combination of management methodologies and Industry 4.0 technologies. Based on a literature review and experts’ opinions, this work contributes to the efficient use of energy in batch production processes combining the analysis of the overall equipment effectiveness with the study of variables managed by cyber-physical production systems. Starting from the analysis of loss cause identification, we propose a method that obtains quantitative data about energy losses during the execution of batch processes. The contributions of this research include the acquisition of precise information about energy losses and the improvement of value co-creation practices so that energy consumption can be reduced in manufacturing processes. Decision-makers can use the findings to start a virtuous process aiming at carbon footprint and energy costs reductions while ensuring production goals are met.

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