Skip to content

Analyzing Investments in Flood Protection Structures: A Real Options Approach

Gomez-Cunya, Luis-Angel; Fardhosseini, Mohammad Sadra; Lee, Hyun Woo; Choi, Kunhee. (2020). Analyzing Investments in Flood Protection Structures: A Real Options Approach. International Journal Of Disaster Risk Reduction, 43.

View Publication

Abstract

The soaring number of natural hazards in recent years due largely to climate change has resulted in an even higher level of investment in flood protection structures. However, such investments tend to be made in the aftermath of disasters. Very little is known about the proactive planning of flood protection investments that account for uncertainties associated with flooding events. Understanding the uncertainties such as when to invest on these structures to achieve the most optimal cost-saving amount is outmost important. This study fills this large knowledge gap by developing an investment decision-making assessment framework that determines an optimal timing of flood protection investment options. It combines real options with a net present value analysis to examine managerial flexibility in various investment timing options. Historical data that contain information about river water discharges were leveraged as a random variable in the modeling framework because it may help investors better understand the probability of extreme events, and particularly, flooding uncertainties. A lattice model was then used to investigate potential alternatives of investment timing and to evaluate the benefits of delaying investments in each case. The efficacy of the proposed framework was demonstrated by an illustrative example of flood protection investment. The framework will be used to help better inform decision makers.

Keywords

Decision-making; Flood Protection; Real Options Theory; Investment Decision-making

Three Pathways to Highly Energy Efficient Buildings: Assessing Combinations of Teaming and Technology

Homayouni, Hoda; Dossick, Carrie Sturts; Neff, Gina. (2021). Three Pathways to Highly Energy Efficient Buildings: Assessing Combinations of Teaming and Technology. Journal Of Management In Engineering, 37(2).

View Publication

Abstract

Highly energy efficient (HEE) buildings require a whole-system approach to building design. Scholars have suggested many tools, techniques, and processes to address the cross-disciplinary complexities of such an approach, but how these elements might be best combined to lead to better project outcomes is yet unknown. To address this, we surveyed architects associated with 33 AIA-COTE award-winning projects on the social, organizational, and technological elements of whole-system design (WSD) practices. We then used fuzzy sets-qualitative comparative analysis (fsQCA) to analyze the interdependencies among those elements. We found three distinct pathways for the design and construction of HEE buildings: information-driven, process-driven, or organization-driven. We also found that HEE buildings share some conditions for success, including having shared goals, owners engagement in the design process, and frequent and participatory interorganizational meetings. Our findings can help practitioners strategize and make decisions on incorporating WSD elements associated with their project types. Moreover, these results provide a launchpad for scholars to investigate complementarities among elements facilitating the design and construction process of HEE projects.

Keywords

Buildings (structures); Construction; Design Engineering; Energy Conservation; Fuzzy Set Theory; Innovation Management; Organisational Aspects; Project Management; Team Working; Whole-system Approach; Building Design; Cross-disciplinary Complexities; Social Elements; Organizational Elements; Technological Elements; Whole-system Design Practices; Fuzzy Set; Distinct Pathways; Hee Buildings; Project Types; Construction Process; Hee Projects; Highly Energy Efficient Buildings; Whole-system Design; Energy Efficient Buildings; Building Information Modeling; Integrated Project Teams; Fuzzy Sets-qualitative Comparative Analysis

Data Fusion of Real-Time Location Sensing and Physiological Status Monitoring for Ergonomics Analysis of Construction Workers

Cheng, Tao; Migliaccio, Giovanni C.; Teizer, Jochen; Gatti, Umberto C. (2013). Data Fusion of Real-Time Location Sensing and Physiological Status Monitoring for Ergonomics Analysis of Construction Workers. Journal Of Computing In Civil Engineering, 27(3), 320 – 335.

View Publication

Abstract

Previous research and applications in construction resource optimization have focused on tracking the location of material and equipment. There is a lack of studies on remote monitoring for improving safety and health of the construction workforce. This paper presents a new approach for monitoring ergonomically safe and unsafe behavior of construction workers. The study relies on a methodology that utilizes fusion of data from continuous remote monitoring of construction workers' location and physiological status. To monitor construction workers activities, the authors deployed nonintrusive real-time worker location sensing (RTLS) and physiological status monitoring (PSM) technology. This paper presents the background and need for a data fusion approach, the framework, the test bed environment, and results to some case studies that were used to automatically identify unhealthy work behavior. Results of this study suggest a new approach for automating remote monitoring of construction workers safety performance by fusing data on their location and physical strain. DOI: 10.1061/(ASCE)CP.1943-5487.0000222. (C) 2013 American Society of Civil Engineers.

Keywords

Civil Engineering Computing; Construction Industry; Ergonomics; Occupational Health; Occupational Safety; Personnel; Sensor Fusion; Psm Technology; Rtls Technology; Construction Workforce Health; Construction Workforce Safety; Equipment Location; Material Location; Construction Resource Optimization; Construction Worker; Ergonomics Analysis; Physiological Status Monitoring; Realtime Location Sensing; Data Fusion; Exposure; Tracking; Demands; Sensors; System; Construction Worker Behavior; Remote Location Sensing; Work Sampling; Workforce Safety And Health

Design Management in Design-Build Megaprojects: SR 99 Bored Tunnel Case Study

Gatti, U.C.; Migliaccio, G.C.; Laird, L. (2014). Design Management in Design-Build Megaprojects: SR 99 Bored Tunnel Case Study. Practice Periodical On Structural Design And Construction, 19(1), 148-58.

View Publication

Abstract

The increasing use of the design-build project delivery method has resulted in it now being one of the most popular nontraditional methods for delivering road, bridge, mass transit, and rail projects in the United States. However, although the use of design-build is widespread, there remains a substantial lack of information about how to effectively plan and implement design management procedures for design-build transportation projects. In particular, transportation agencies lack information about how to shape appropriate design management roles for various contractual parties and to manage design activities for design-build megaprojects. To fill this gap, this paper presents a case study of the SR 99 Bored Tunnel project in Seattle, Washington. It provides detailed information on how the owner, the Washington State DOT (WSDOT), incorporated design management procedures into its requirements and how the design-builder, Seattle Tunnel Partners, implemented them within its project management processes.

Keywords

Boring; Design Engineering; Project Management; Tunnels; Design-build Megaproject; Design-build Project Delivery Method; Road Project; Bridge Project; Mass Transit Project; Rail Project; United States; Design-build Transportation Project; Transportation Agency; Sr 99 Bored Tunnel Project; Seattle; Washington State Dot; Wsdot; Design Management; Project Management Process

PACPIM: New Decision-Support Model of Optimized Portfolio Analysis for Community-Based Photovoltaic Investment

Shakouri, Mahmoud; Lee, Hyun Woo; Choi, Kunhee. (2015). PACPIM: New Decision-Support Model of Optimized Portfolio Analysis for Community-Based Photovoltaic Investment. Applied Energy, 156, 607 – 617.

View Publication

Abstract

Inherent in large-scale photovoltaic (PV) investments is volatility that stems from a unique set of spatial factors, such as shading, building orientation, and roof slope, which can significantly affect both the level of risk and the return on investment. In order to systematically assess and manage the volatility, this study seeks to create a quantitative decision-support model: Portfolio Analysis for Community-based PV Investment Model (PACPIM). Focusing on residential PV systems, PACPIM determines optimized portfolios by applying the Mean Variance Portfolio theory. The model is intended to play an instrumental role in: (1) maximizing the hourly electricity output of PV systems; (2) minimizing the hourly volatility in electricity output; and (3) optimizing the risk-adjusted performance of community-based PV investment. The application and framework of PACPIM were deployed with an actual residential community consisting of 24 houses and their simulated data utilizing PVWatts (R) for estimating hourly electricity production. Results reveal that the optimized portfolios developed by PACPIM (1) increased annual electricity output of PV systems by 4.6%; (2) reduced the volatility in electricity output by 4.3%; and (3) offered the highest risk-adjusted performance among all possible portfolios based on the Sharpe ratios. This study is expected to effectively assist project owners and investors in systematically assessing their community-based PV projects and in developing optimized investment strategies. (C) 2015 Elsevier Ltd. All rights reserved.

Keywords

Photovoltaic Cells; Rate Of Return; Electricity; Dwellings; Electric Utilities; Community-based Investments; Decision-support Model; Mean–variance Portfolio Theory; Residential Photovoltaic Systems; Solar Energy; Decision Support Systems; Investment; Photovoltaic Power Systems; Large-scale Photovoltaic Investments; Spatial Factors; Shading; Building Orientation; Roof Slope; Return On Investment; Quantitative Decision-support Model; Portfolio Analysis For Community-based Pv Investment Model; Pacpim; Residential Pv Systems; Mean-variance Portfolio Theory; Hourly Electricity Output; Hourly Volatility; Risk-adjusted Performance; Hourly Electricity Production Estimation; Community-based Pv Projects; Optimized Investment Strategies; Romanian National Strategy; Renewable Energy; Public-attitudes; Wind Power; Pv Module; Performance; Implementation; Efficiency; Form; Economic Theory; Electricity Generation; Models; Risk; Shade; Solar Collectors

Contractual Battles for Higher Ground: Case Examples

Ottesen, Jeffery L.; Migliaccio, Giovanni C.; Wulfsberg, H. James. (2016). Contractual Battles for Higher Ground: Case Examples. Journal Of Legal Affairs And Dispute Resolution In Engineering And Construction, 8(1).

View Publication

Abstract

Dispute resolution requires pursuit of mutual agreement and implies accordant resolve between the disputing parties. In truth, mutual agreement stems from acceptable risks and negotiated terms centered upon equity arguments wherein the parties assess, evaluate, negotiate, and battle for high ground. Where the parties clearly understand their respective positions relative to the applicable laws, facts outweigh emotions, and the parties are more likely to avoid disputes. This paper defines high ground based upon legal theory in quantum meruit, which means, as much as he deserves. Equity arguments can trump written contractual provisions. Owners, architects, engineers, and contractors must become wise to these arguments to protect its shareholders' interests. To promote understanding, five different case scenarios are presented using actual disputes experienced on (1) notice provisions, (2) cumulative impact claims, (3) no damages for delay clauses, (4) acceleration, and (5) owner review durations. These case scenarios demonstrate that acquiring high ground requires clear understanding and synchronization of both the contract and the applicable governing laws. Ultimately, the party possessing higher ground will find itself in a more favorable position when disputes occur. (c) 2015 American Society of Civil Engineers.

Keywords

Legislation; Subcontracting; Disputing Parties; Equity Arguments; Legal Theory; Quantum Meruit; Contractual Provisions; Architects; Notice Provisions; Cumulative Impact Claims; Owner Review Durations; Governing Laws; Engineers; Contractors; Dispute Resolution; Contractual Battles; Project; Equity; Delay; Contractual Notice; Cumulative Impact; Total Cost Claim; No Damages For Delay; Acceleration

Feasibility of Using QR Codes in Highway Construction Document Management

Lee, Hyun Woo; Harapanahalli, Bharat Anand; Nnaji, Chukwuma; Kim, Jonghyeob; Gambatese, John. (2018). Feasibility of Using QR Codes in Highway Construction Document Management. Transportation Research Record, 2672(26), 114 – 123.

View Publication

Abstract

Highway construction occasionally takes place in remote locations, making its document management challenging especially when frequent document revisions occur. With the recent advancement of smartphones and tablets, Quick Response (QR) codes can provide project teams rapid and reliable access to up-to-date documents required for field operations. As a result, the use of QR codes can lead to a reduced need for traveling or meeting for document revisions, and reduce the amount of hardcopy documents and storage space. Despite the potential for significant benefits, there have been few studies aimed at assessing the feasibility of using QR codes in highway construction. In response, the objective of the study was to investigate the benefits of and barriers to using QR codes in highway construction for document management. To conduct the study, first a multi-step process was used, involving an online survey and interviews, with a goal of determining the status quo of highway construction in terms of document management and mobile information technology (IT). The results indicate that hardcopy documentation is still the most prevalent form of document management in highway construction, and hence there is an opportunity for implementing QR codes in conjunction with mobile IT. In the second part of the study, a time study using a real-world infrastructure project was conducted based on three activities: detail look up, specification check, and version check. As a result, the study found statistical evidence that using QR codes can lead to significant time savings.

Keywords

Highway Planning; Information Services; Road Construction; Document Management; Field Operation; Highway Construction; Infrastructure Project; Online Surveys; Quick Response Code; Remote Location; Statistical Evidence

Neurophysiological Testing for Assessing Construction Workers’ Task Performance at Virtual Height

Habibnezhad, Mahmoud; Puckett, Jay; Jebelli, Houtan; Karji, Ali; Fardhosseini, Mohammad Sadra; Asadi, Somayeh. (2020). Neurophysiological Testing for Assessing Construction Workers’ Task Performance at Virtual Height. Automation In Construction, 113.

View Publication

Abstract

Falling from heights is the primary cause of death and injuries at construction sites. As loss of balance has a fundamental effect on falling, it is important to understand postural regulation behavior during construction tasks at heights, especially those that require precise focus in an upright standing position (therefore, a dual-task demand on focus). Previous studies examined body sway during a quiet stance and dual tasks to understand latent factors affecting postural balance. Despite the success of these studies in discovering underlying factors, they lack a comprehensive analysis of a task's simultaneous cognitive load, postural sway, and visual depth. To address this limitation, this paper aims to examine construction workers' postural stability and task performance during the execution of visual construction tasks while standing upright on elevated platforms. To that end, two non-intrusive neurophysiological tests, a hand-steadiness task (HST) and a pursuit task (PT), were developed for construction tasks in a virtual environment (VE) as performance-based means to assess the cognitive function of workers at height. Workers' postural stability was measured by recording the mapped position of the Center of Pressure (COP) of the body on a posturography force plate, and the postural sway metrics subsequently calculated. A laboratory experiment was designed to collect postural and task performance data from 18 subjects performing the two batteries of tests in the virtual environment. The results demonstrated a significant decrease in the Root-Mean Square (RMS) of COP along the anterior-posterior axis during the Randomized Pursuit Task (RPT) and maximum body sway of the center of pressure (COP) in the mediolateral direction during both tests. Also, subjects exposed to high elevation predominately exhibit higher accuracy for RPT (P-value = 0.02) and lower accuracy for HST (P-value = 0.05). The results show that the combination of elevation-related visual depth and low-complexity dual tasks impairs task performance due to the elevation-induced visual perturbations and anxiety-driven motor responses. On the other hand, in the absence of visual depth at height, high task complexity surprisingly improves the pursuit tracking performance. As expected, during both tasks, alterations in postural control were manifested in the form of a body sway decrement as a compensatory postural strategy for accomplishing tasks at high elevation.

Keywords

Task Performance; Construction Workers; Test Design; Cognitive Load; Standing Position; Sitting Position; Neurophysiological Test; Postural Stability; Virtual Reality; Workers' Safety At Height; Fall-risk; Reaction-time; Fear; Real; Acrophobia; Balance; Safety

A Simulation-Based Dynamic Scheduling Model for Curtain Wall Production Considering Construction Planning Reliability

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.

View Publication

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

Assessment of Data Quality for Evaluations of Manual Pavement Distress

Bogus, Susan M.; Migliaccio, Giovanni C.; Cordova, Arturo A. (2010). Assessment of Data Quality for Evaluations of Manual Pavement Distress. Transportation Research Record, 2170, 1 – 8.

View Publication

Abstract

Assessment of the conditions of current assets is a task of major relevance in a transportation agency asset management program It not only provides information on the current condition of the asset but also helps the agency make decisions on future maintenance and rehabilitation activities Although low volume roadways represent a large proportion of the total road network in the United States little research on the management of these assets has been done Two major data collection techniques are used for roadway condition assessment manual and automated Although automated techniques have been found to be safer and quicker manual condition surveys have been proven to offer preciseness and cost effectiveness In the case of low volume roadway assessment for which the funds available to asset managers are limited manual condition surveys are often preferred Nevertheless manual condition surveys must address the potential subjectivity of the results Therefore agencies could benefit from a system for ensuring quality on manual condition surveys This paper proposes a framework for assessment of data quality and presents a case study of its implementation in the Northern New Mexico Pavement Evaluation Program The proposed framework is easily implementable and able to identify potential and actual data collection issues The framework can be used as part of an asset management program and could be particularly beneficial in the case of low volume roads

Keywords

Interrater Reliability; Agreement; Ratings