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Abstract

The article presents the problem of scheduling a multi-stage project with limited availability

of resources with the discounted cash flow maximization criterion from the perspective of

a contractor. The contractor’s cash outflows are associated with the execution of activities.

The client’s payments (cash inflows for the contractor) are performed after completing the

agreed project’s stages. The proposed solution for this problem is the use of insertion algorithms.

Schedules are generated using forward and backward schedule generation schemes

and modified justification techniques. The effectiveness of the proposed procedures is the

subject of the examination with the use of standard test instances with additionally defined

financial settlements of a project.

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Authors and Affiliations

Marcin Klimek
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Abstract

Cash is one of the most critical resources of a construction company that determines survival. Cash-flow management is essential for contractors, as lack of cash resources is one of the leading causes of bankruptcy in the construction industry, compared to most other sectors. The purpose of this paper is to identify factors affecting time and cost trade-off in multiple construction projects in Iraq. After reviewing a wide range of literature to determine the most common elements, a questionnaire is distributed to owners, consultants, supervising engineers, and contractors engaged in construction projects. The results of the questionnaire were analyzed using the relative importance index, arithmetic mean and standard deviation. The respondents namely assured Seventeen most essential factors; payments delay from client, progress payment due period, payment conditions, advanced payment, project delay, inaccurate project scheduling, variation orders, project duration, inaccurate project duration, profit, risk margin, project cost, cash flow forecasts, retentions percentage, estimating errors, materials cost, equipment cost, and labour cost.
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Authors and Affiliations

Musaab Falih Hasan
1
ORCID: ORCID
Sawsan Rasheed Mohammed
2

  1. Department of Civil Engineering, College of Engineering, University of Baghdad, Baghdad, Iraq
  2. University of Baghdad, College of Engineering, Department of Civil Engineering, Baghdad, Iraq
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Abstract

The paper attempts to assess the extent of crop loss in rubber plantations in India, measured in terms of loss in latex and timber output and thereby to examine the comparative economics of plant protection measures against Phytophtora spp. induced abnormal leaf fall (ALF). The specific objectives were: a) to examine the extent of loss in latex and timber output in unsprayed plots vis-a-vis sprayed plots across prominent rubber clones; b) estimate the value of loss in latex and timber output across clones between sprayed and unsprayed plots; c) examine the comparative economics of plant protection measures in terms of the incremental costs and the incremental returns from sprayed plots across clones; and d) reflect upon the policy imperatives with respect to region specific Research and Development (R&D) interventions on plant protection measures in India. The study brings out significant clonal differences in loss of latex and timber output in the absence of prophylactic spraying against ALF. The observed clonal differences with respect to feasibility of plant disease control measures indicate the need for region and clone-specific recommendations for plant protection measures in India instead of the currently followed unilateral prescription with due allowance to the costs and potential benefit accrued from the control measures. The study also highlight the need for evolving interventions and agro-management/ plant protection measures for minimising the incidence of tree casualty in rubber plantation, as it amounts to loss of potential income from latex and timber from rubber plantations in India, dominated by the smallholder sector

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Authors and Affiliations

Pozhamkandath K. Viswanathan
Tharian George Kadavil
Chakkasseril Kuruvilla Jacob
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Abstract

Today’s fast-changing environment for construction companies requires rapid responses and adaptation of their projects. Despite the multitude of tools applied for project cost management in engineering and construction companies, there is a need to form comprehensive solutions. The purpose of the study is to form a methodological approach to project cost management in the field of engineering construction based on alternative models to diagnose the development, assessment and selection of functional areas and content of cost management in the construction project, which allows one to increase adaptability and flexibility in the process of its implementation. The basis of research methodology is modeling, which allows one to adjust the economic and financial flows based on three S-curves, one for each component of the total cost of the work: direct costs, indirect costs and reserves. These curves include the direct cost curve for the main purchasing packages as well. This brings financial flows closer to reality because it is possible to adjust the S-curves according to the behavior of each subsystem. The contribution of the study is the proposed approach of integrating concepts related to the coordination and development of project design and production management (lean construction), forming a “3D model of management”, in a broad and comprehensive management system. It assumes a comprehensive and complete way to manage civil engineering projects. The proposed methodological approach can make a significant contribution to the preparation of forecasts and estimates by planners and controllers in the context of construction projects.
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Authors and Affiliations

Yang Yang
1 2
ORCID: ORCID
Wanxin Xiao
2 3
Margarita Lyshenko
2
Yang Zhang
2 4

  1. Department of Construction Engineering, Xinxiang Vocational and Technical College, Xinxiang, China
  2. Faculty of Economics and Management, Sumy National Agrarian University, Sumy, Ukraine
  3. Funding Center, Education Bureau of Hongqi District, Xinxiang City, China
  4. Personnel Department, Henan Expressway Monitoring Toll Communication Network Service Co. Ltd., Zhengzhou, China

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