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| Content Provider | IEEE Xplore Digital Library |
|---|---|
| Author | Kunhee Choi Young Hoon Kwak Byunggu Yu |
| Copyright Year | 2010 |
| Description | Author affiliation: Texas A&M University, Department of Construction Science, 3137 TAMU, College Station, 77843, USA (Kunhee Choi) || University of the District of Columbia, Department of Computer Science & Information Technology, 4200 Connecticut Avenue, N.W., Washington, 20008 (Byunggu Yu) || The George Washington University, School of Business, Department of Decision Sciences, DC 20052, USA (Young Hoon Kwak) |
| Abstract | One groundbreaking way of expediting any construction is to offer contractors a monetary incentive. To be effective, the incentive amount should be larger than the contractor's additional cost (CAC) for expediting construction time. Yet, estimating the CAC poses a major challenge because contractors are reluctant to disclose their profit information. This study introduces a quantitative model that estimates realistic CACs through schedule simulations on four different resource usage levels. An innovative and reliable tool called Construction Analysis for Pavement Rehabilitation Strategies (CA4PRS) was used for the simulation. Using CA4PRS, a set of contractors' time-cost tradeoff data was created and a linear regression analysis was performed to predict the CAC growth rate and to analyze how this interacts with the agency's specified schedule goal. The robustness of the proposed model was also validated through a case study. This model can assist decision-makers to make better decisions when estimating optimal incentive amounts. |
| Starting Page | 3295 |
| Ending Page | 3306 |
| File Size | 512009 |
| Page Count | 12 |
| File Format | |
| ISBN | 9781424498666 |
| ISSN | 15584305 |
| e-ISBN | 9781424498659 |
| DOI | 10.1109/WSC.2010.5679021 |
| Language | English |
| Publisher | Institute of Electrical and Electronics Engineers, Inc. (IEEE) |
| Publisher Date | 2010-12-05 |
| Publisher Place | USA |
| Access Restriction | Subscribed |
| Rights Holder | Institute of Electrical and Electronics Engineers, Inc. (IEEE) |
| Subject Keyword | Schedules Road transportation Mathematical model Equations Data models Concrete |
| Content Type | Text |
| Resource Type | Article |
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