Park, Hyoungbae; Kim, Kyeongseok; Kim, Yong-woo; Kim, Hyoungkwan. (2017). Stakeholder Management in Long-Term Complex Megaconstruction Projects: The Saemangeum Project. Journal Of Management In Engineering, 33(4).
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Abstract
This paper identifies 31 critical success factors (CSFs) and suggests a framework for effective stakeholder management in long-term complex megaconstruction (LCM) projects that require more than 10 years for multipurpose development. The results of a survey on the prioritization of these 31 CSFs reveal that LCM projects involve more stakeholders than do general construction projects and require a correspondingly wider range of changes during each project. To identify more systematic and strategic approaches to stakeholder management in LCM projects, a framework was developed through factor analysis and focus-group interviews with project management experts. The framework is composed of the following five agendas: clear understanding of stakeholders, clear definition of the project, effective communication, responding to environmental changes, and social cooperation. The analysis results show that LCM projects require a stronger emphasis on responding to environmental changes and social cooperation. These results, along with the CSF priorities, reveal the necessity of taking customized approaches to LCM projects. The results of this analysis are expected to help LCM project managers effectively manage stakeholders. (C) 2017 American Society of Civil Engineers.
Keywords
Construction; Environmental Management; Project Management; Strategic Planning; Social Cooperation; Environmental Changes; Strategic Approaches; Construction Projects; Saemangeum Project; Long-term Complex Megaconstruction Projects; Stakeholder Management; Critical Success Factors (csfs); Long-term Complex Megaconstruction (lcm) Projects
Shakouri, Mahmoud; Lee, Hyun Woo; Kim, Yong-woo. (2017). A Probabilistic Portfolio-Based Model for Financial Valuation of Community Solar. Applied Energy, 191, 709 – 726.
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Abstract
Community solar has emerged in recent years as an alternative to overcome the limitations of individual rooftop photovoltaic (PV) systems. However, there is no existing model available to support probabilistic valuation and design of community solar based on the uncertain nature of system performance over time. In response, the present study applies the Mean-Variance Portfolio Theory to develop a probabilistic model that can be used to increase electricity generation or reduce volatility in community solar. The study objectives include identifying the sources of uncertainties in PV valuation, developing a probabilistic model that incorporates the identified uncertainties into portfolios, and providing potential investors in community solar with realistic financial indicators. This study focuses on physical, environmental, and financial uncertainties to construct a set of optimized portfolios. Monte Carlo simulation is then performed to calculate the return on investment (ROI) and the payback period of each portfolio. Lastly, inclusion vs. exclusion of generation and export tariffs are compared for each financial indicator. The results show that the portfolio with the maximum output offers the highest ROI and shortest payback period while the portfolio with the minimum risk indicates the lowest ROI and longest payback period. This study also reveals that inclusion of tariffs can significantly influence the financial indicators, even more than the other identified uncertainties. (C) 2017 Elsevier Ltd. All rights reserved.
Keywords
Solar Energy; Photovoltaic Power Systems; Monte Carlo Method; Market Volatility; Energy Economics; Community Solar; Monte Carlo Simulation; Photovoltaic Systems; Portfolio Theory; Uncertainty; Environmental Uncertainties; Financial Indicator; Financial Uncertainties; Physical Uncertainties; Identified Uncertainties; Probabilistic Model; Mean-variance Portfolio Theory; Probabilistic Valuation; Individual Rooftop Photovoltaic Systems; Financial Valuation; Probabilistic Portfolio-based Model; Investment; Monte Carlo Methods; Photovoltaic Cells; Risk Analysis; Tariffs; Resolution Lidar Data; Electricity Consumption; Pv Systems; Autoregressive Models; Potential Assessment; Generation Systems; Neural-networks; Energy; Buildings; Economic Theory; Electricity; Exports; Probabilistic Models; Risk
Yi, June-seong; Kim, Yong-woo; Lim, Ji Youn; Lee, Jeehee. (2017). Activity-Based Life Cycle Analysis of a Curtain Wall Supply for Reducing Its Environmental Impact. Energy And Buildings, 138, 69 – 79.
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Abstract
Life-Cycle Assessment has been used extensively in the construction industry to assess the environmental impacts of building materials. Attributional LCA considers processes in a supply chain which allows users to identify a process to improve to minimize the environmental impacts. However, the level of detail adopted in traditional attributional LCA is aggregate, not appropriate for process improvement efforts in the construction project context which is characterized as a complex system. This paper proposes Activity-based LCA (ABLCA) which adopts the methodology of the activity-based costing system to carry out the assessment and analysis of environmental impacts for the life cycle. The research carried out a case study on the curtain wall supply chain. The outcome of inventory analysis for each activity and environmental impact assessment showed the curtain wall supply chain process made an impact on five environmental impact categories: global warming air, acidification air, HH criteria air; eutrophication air, and photochemical smog air. With comparison to the outcome of environmental impact assessment from existing LCA, the proposed management system to investigate environmental impacts was addressed. The proposed ABLCA enables management to develop an environmental-impacts-reduction plan focusing on critical activities. (C) 2016 Elsevier B.V. All rights reserved.
Keywords
Construction Industry & The Environment; Energy Conservation In Construction Industry; Building Materials & The Environment; Complexity (philosophy); Global Warming & The Environment; Activity-based Management; Attributional Lca (life-cycle Assessment); Curtain Wall; Environmental Impacts; Activity-based Life Cycle Analysis; Ablca; Construction Industry; Building Materials; Inventory Analysis; Life-cycle Assessment; Environmental Impact Categories; Curtain Wall Supply Chain Process; Environmental Impact Assessment; Environmental-impacts-reduction Plan; Environmental Factors; Inventory Management; Life Cycle Costing; Product Life Cycle Management; Supply Chain Management; Walls; United-states; Performance; Buildings; Energy; Trends; Lca; Environmental Impact; Supply Chains; Environmental Assessment; Construction Materials; Life Cycle Engineering; Eutrophication; Life Cycle Analysis; Construction; Climate Change; Global Warming; Smog; Life Cycle Assessment; Case Studies; Cost Analysis; Acidification; Photochemical Smog; Environmental Management; Life Cycles
Kim, Yong-Woo. (2019). The Impact of Make-Ready Process on Project Cost Performance in Heavy Civil Construction Projects. Production Planning & Control. The Management Of Operations, 30(13), 1064 – 1071.
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Abstract
The research investigates the relationship between the production plan reliability and the project cost performance using project data in the heavy civil construction sector. The research also investigates the attributes of a make-ready process using the statistical analysis. This study shows that production planning reliability (i.e. Per cent Constraint Removal (PCR) and Per cent Plan Complete (PPC)) and project cost performance (CPI) are significantly correlated in the heavy construction projects. The findings show that there is a more significant correlation between production planning reliability and project cost performance in project-scaled data than in monthly scaled data. They suggest that there is a time-lag between when the variance of workflow occurs and when the workflow variance impacts on the project cost performance. The result of the analysis also shows that the measure of make-ready process, PCR, has a more significant correlation with the project cost performance than the measure of weekly plan reliability, PPC.
Keywords
Construction Equipment; Construction Industry; Production Planning; Statistical Analysis; Heavy Construction Projects; Production Planning Reliability; Project Data; Production Plan Reliability; Civil Construction Projects; Make-ready Process; Project Cost Performance; Project-scaled Data; Construction Planning; Ppc (per Cent Plan Complete); Pcr (per Cent Constraints Removal)
Kim, Yong-Woo; Ballard, Glenn. (2010). Management Thinking in the Earned Value Method System and the Last Planner System. Journal Of Management In Engineering, 26(4), 223 – 228.
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Abstract
Management theory has been neglected in the construction industry, which has rather focused on best practices. This paper investigates the theories implicit in two prevalent project control systems: the earned value method (EVM) and the last planner system (LPS). The study introduces two fundamental and competing conceptualizations of management: managing by means (MBM) and managing by results (MBR). The EVM is found to be based on MBR. However, project control based on MBR is argued to be inappropriate for managing at the operational level where tasks are highly interdependent. The LPS is found to be based on the MBM view. The empirical evidence from literature and case study suggested that the MBM view is more appropriate to manage works when it is applied to the operation level where each task is highly interdependent.
Keywords
Last Planner System (lps); Management Thinking; Performance Measures; Project Control
Kim, Taehoon; Kim, Yong-Woo; Cho, Hunhee. (2020). Dynamic Production Scheduling Model Under Due Date Uncertainty in Precast Concrete Construction. Journal Of Cleaner Production, 257.
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Abstract
Precast concrete structures (PCs) are widely used in the construction industry to reduce project delivery times and improve quality. On-time delivery of PCs is critical for successful project completion because the processes involving precast concrete are the critical paths in most cases. However, existing models for scheduling PC production are not adequate for use in dynamic environments where construction projects have uncertain construction schedules because of various reasons such as poor labor productivity, inadequate equipment, and poor weather. This research proposes a dynamic model for PC production scheduling by adopting a discrete-time simulation method to respond to due date changes in real time and by using a new dispatching rule that considers the uncertainty of the due dates to minimize tardiness. The model is validated by simulation experiments based on various scenarios with different levels of tightness and due date uncertainty. The results of this research will contribute to construction project productivity with a reliable and economic precast concrete supply chain. (C) 2020 Elsevier Ltd. All rights reserved.
Keywords
Multiple Production; Demand Variability; Supply Chain; Shop; Management; Minimize; Lines; Precast Concrete Production; Dynamic Simulation; Uncertainty; Production Scheduling; Dispatching Rule
Kim, Yong-Woo; Han, Seungheon; Shin, Sungwon; Choi, Kunhee. (2011). A Case Study of Activity-Based Costing in Allocating Rebar Fabrication Costs to Projects. Construction Management And Economics, 29(5), 449 – 461.
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Abstract
How to improve cost allocation for reinforced steel bar (rebar) is an ongoing topic of debate among construction manufacturers and contractors. Traditionally, many fabrication shops have used a single overhead-cost pool accounting system. However, a new costing method, activity-based costing (ABC), may provide more advantages than the traditional system. In this case study, a single overhead-cost pool system is compared with the ABC method to demonstrate how ABC improves cost allocation and provides other benefits. The case study findings indicate that ABC provides such benefits as (1) accurate manufacturing costs; (2) cost information on processes; and (3) information on cost drivers. This paper also bridges the construction and cost accounting literature. Our study contributes to the construction management literature by offering a different cost allocation method to refine fabrication costs assigned to projects. The findings are expected to serve as a reference for industry professionals who recognize the shortcomings of a traditional single overheadcost pool system and are in need of a more accurate costing system. © 2011 Taylor & Francis.
Keywords
Bridges; Costs; Fabrication; Lakes; Project Management; Rebar; Accounting System; Activity Based Costing; Construction Management; Fabrication Shops; Industry Professionals; Manufacturing Cost; Overhead Costs; Traditional Systems
Kim, Yong-Woo; Rhee, Byong-Duk. (2020). The Impact of Empowering Front-Line Managers on Planning Reliability and Project Schedule Performance. Journal Of Management In Engineering, 36(3).
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Abstract
This study applies empowerment theory to production planning at the level of frontline managers in a construction project. Using structural equation modeling, we investigate how empowering frontline managers impacts their planning performance. In contrast to prior studies, we find that although psychological empowerment of frontline managers has no direct effect on their production planning reliability or scheduling performance, it has an indirect effect on planning reliability and scheduling performance, as long as the organization supports the empowerment structurally during production planning. This implies that a project manager should provide frontline managers at the operational level with proper formal and informal authority over workflow development, shielding, and resource allocation when planning production in order to enhance job performance through psychological empowerment. This study contributes to the body of knowledge on construction management by exploring the impact of psychological and structural empowerment of frontline managers on their performance of production planning reliability and scheduling performance.
Keywords
Psychological Empowerment; Work; Model; Variables; System; Job; Planning Reliability; Production Planning; Scheduling Performance; Structural Empowerment; Structural Equation Modeling
Azari-N, Rahman; Kim, Yong-woo. (2012). Comparative Assessment of Life Cycle Impacts of Curtain Wall Mullions. Building And Environment, 48(1), 135 – 145.
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Abstract
Glass curtain wall (Cw) systems have been inevitable elements of commercial buildings for over a century. The systems mainly consist of mullion materials and glazing units that are selected and designed to achieve the desired structural, thermal and daylighting performances as well as to meet cost and aesthetic concerns. The health and environmental life cycle impacts of CW systems, however, are not usually considered in design. The main objective of this paper is to study how change of mullion materials would affect the health and environmental impacts associated with a typical CW system over its life cycle. The mullion materials studied for the purpose of this paper include extruded aluminum, carbon steel and glulam timber. Also, the health and environmental impact categories of interest include global warming, acidification, eutrophication and human toxicity. To achieve the objective, a process-based cradle-to-gate attributional Life Cycle Assessment (LCA) method was applied. Results indicate that CW system with glulam timber mullions causes the least and CW system with extruded aluminum mullions causes the most damage to the environment and human health over their life cycle. A CW system with carbon steel mullions falls in-between. (C) 2011 Elsevier Ltd. All rights reserved.
Keywords
Commercial Building; Comparative Assessment; Curtain Walls; Environmental Life Cycle; Glass Curtain Walls; Inventory Analysis; Life Cycle Assessment (lca); Life Cycle Impacts; Aluminum Coated Steel; Ecodesign; Eutrophication; Global Warming; Health; Life Cycle; Office Buildings; Timber; Walls (structural Partitions); Energy; Wood; Products; Life Cycle Assessment; Environmental Impact; Curtain Wall; Mullion Material; Acidification; Aluminum; Attributional Life Cycle Assessment; Buildings; Carbon; Environmental Health; Glass; Glulam; Human Health; Humans; Materials Life Cycle; Steel; Toxicity
Kim, Taehoon; Kim, Yong-Woo; Cho, Hunhee. (2021). A Simulation-Based Dynamic Scheduling Model for Curtain Wall Production Considering Construction Planning Reliability. Journal Of Cleaner Production, 286.
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Abstract
Appropriate production scheduling of curtain wall systems is essential for the successful completion of construction projects. The construction process of the curtain wall system is mainly on the critical path and accounts for 10-15% of the total construction cost. Should curtain wall products not be timeously delivered to the construction site, construction projects are likely to fall behind schedule with most relevant activities on curtainwall installation on a critical path. However, due-date uncertainty caused by a contractor's lack of planning reliability causes the curtain wall production schedule to become complex and changes the due date after the initial order. In this regard, this study proposes a discrete event simulation-based dynamic scheduling model for curtain wall production to deliver products on time to the construction site by considering each construction project's planning reliability. Through simulation experiments, the validity and effectiveness of the proposed model were tested. The results of this study will help the successful completion of construction projects by ensuring the progress of the curtain wall system construction and follow-up activities following the construction schedule. (C) 2020 Elsevier Ltd. All rights reserved.
Keywords
Construction Industry; Discrete Event Simulation; Dynamic Scheduling; Production Control; Production Planning; Project Management; Reliability; Scheduling; Walls; Construction Planning Reliability; Construction Schedule; Curtain Wall System Construction; Construction Project; Discrete Event Simulation-based Dynamic Scheduling Model; Curtain Wall Production Schedule; Curtain Wall Installation; Curtain Wall Products; Total Construction Cost; Critical Path; Production Scheduling; Off-site Construction; Demand Variability; Job Shops; Precast; Minimize; Number; Curtain Wall; Simulation; Planning Reliability; Dispatching Rule