The key aspect to the successful implementation of BOT concept is the raising of finance by project sponsor,so financial engineering techniques and capital structuring skills are required to find the proper mix of deb...The key aspect to the successful implementation of BOT concept is the raising of finance by project sponsor,so financial engineering techniques and capital structuring skills are required to find the proper mix of debt and equity.The capital structure and present a model to determine the equity level from the aspects of financing scale,construction time and return on investment are analyzed.The resulting model can help the sponsor to avoid the capital risk,and offer the government a criterion to evaluate management ability of the sponsor.To show the application and availability of this model,a case study is conducted.Thus,this paper is concern with the determination of financing scale,construction time,and return on investment which would assist the sponsor to ensure that the equity level for optimal capital structure is available prior to the implementation stage in BOT project operation.展开更多
Time-cost trade off problem (TCTP), known in the literature as project crashing problem (PCP) and project speeding up problem (PSP) is a part of project management in planning phase. In this problem, determining the o...Time-cost trade off problem (TCTP), known in the literature as project crashing problem (PCP) and project speeding up problem (PSP) is a part of project management in planning phase. In this problem, determining the optimal levels of activity durations and activity costs which satisfy the project goal(s), leads to a balance between the project completion time and the project total cost. A large amount of literature has studied this problem under various behavior of cost function. But, in all of them, influence of discount has not been in-vestigated. Hence, in this paper, TCTP would be studied considering the influence of discount on the re-source price, using genetic algorithm (GA). The performance of proposed idea has been tested on a medium scale test problem and several computational experiments have been conducted to investigate the appropriate levels of proposed GA considering accuracy and computational time.展开更多
This paper proposes an innovative supervision method that can provide project supervisors with realtime supervision of engineering projects and contractor activity. To obtain real-time and comprehensive state of proje...This paper proposes an innovative supervision method that can provide project supervisors with realtime supervision of engineering projects and contractor activity. To obtain real-time and comprehensive state of project, we use grid management to divide the project supervision grid in three levels: stage, objective, and milestone. Then, a detailed supervision mechanism is designed to help supervisors measure the project situation in real time. This mechanism checks that if the project objectives(such as schedule, cost, quality, and safety) in every supervision grid cell are under the healthy limits, any project deviation can be identified as soon as possible.A schedule objective is selected as an example to illustrate the method used to calculate the healthy limit.展开更多
The ability to accurately characterize projects novel project characteristic is developed characteristic, called project regularity, is essential to good project management. Therefore, a reflects the value accrue with...The ability to accurately characterize projects novel project characteristic is developed characteristic, called project regularity, is essential to good project management. Therefore, a reflects the value accrue within a project. This expressed in terms of the newly introduced regular/irregular-indicator RI. The widely accepted management system of earned value management （EVM） forms the basis for evaluation of the new characteristic. More concretely, the influence of project regularity on EVMforecasting accuracy is assessed, and is shown to be significant for both time and cost forecasting. Moreover, this effect appears to be stronger than that of the widely used characteristic of project seriality expressed by the serial/parallel-indicator SP. Therefore, project regularity could also be useful as an input parameter for project network generators. Furthermore, the introduction of project regularity can provide project managers with a more accurate indication of the time and cost forecasting accuracy that is to be expected for a certain project and, correspondingly, of how a project should be built up in order to obtain more reliable forecasts during project control.展开更多
文摘The key aspect to the successful implementation of BOT concept is the raising of finance by project sponsor,so financial engineering techniques and capital structuring skills are required to find the proper mix of debt and equity.The capital structure and present a model to determine the equity level from the aspects of financing scale,construction time and return on investment are analyzed.The resulting model can help the sponsor to avoid the capital risk,and offer the government a criterion to evaluate management ability of the sponsor.To show the application and availability of this model,a case study is conducted.Thus,this paper is concern with the determination of financing scale,construction time,and return on investment which would assist the sponsor to ensure that the equity level for optimal capital structure is available prior to the implementation stage in BOT project operation.
文摘Time-cost trade off problem (TCTP), known in the literature as project crashing problem (PCP) and project speeding up problem (PSP) is a part of project management in planning phase. In this problem, determining the optimal levels of activity durations and activity costs which satisfy the project goal(s), leads to a balance between the project completion time and the project total cost. A large amount of literature has studied this problem under various behavior of cost function. But, in all of them, influence of discount has not been in-vestigated. Hence, in this paper, TCTP would be studied considering the influence of discount on the re-source price, using genetic algorithm (GA). The performance of proposed idea has been tested on a medium scale test problem and several computational experiments have been conducted to investigate the appropriate levels of proposed GA considering accuracy and computational time.
基金the National Natural Science Foundation of China(No.71271085)the Beijing "12th Five-Year Plan" Project of Philosophy and Social Sciences(No.12JGB044)
文摘This paper proposes an innovative supervision method that can provide project supervisors with realtime supervision of engineering projects and contractor activity. To obtain real-time and comprehensive state of project, we use grid management to divide the project supervision grid in three levels: stage, objective, and milestone. Then, a detailed supervision mechanism is designed to help supervisors measure the project situation in real time. This mechanism checks that if the project objectives(such as schedule, cost, quality, and safety) in every supervision grid cell are under the healthy limits, any project deviation can be identified as soon as possible.A schedule objective is selected as an example to illustrate the method used to calculate the healthy limit.
文摘The ability to accurately characterize projects novel project characteristic is developed characteristic, called project regularity, is essential to good project management. Therefore, a reflects the value accrue within a project. This expressed in terms of the newly introduced regular/irregular-indicator RI. The widely accepted management system of earned value management （EVM） forms the basis for evaluation of the new characteristic. More concretely, the influence of project regularity on EVMforecasting accuracy is assessed, and is shown to be significant for both time and cost forecasting. Moreover, this effect appears to be stronger than that of the widely used characteristic of project seriality expressed by the serial/parallel-indicator SP. Therefore, project regularity could also be useful as an input parameter for project network generators. Furthermore, the introduction of project regularity can provide project managers with a more accurate indication of the time and cost forecasting accuracy that is to be expected for a certain project and, correspondingly, of how a project should be built up in order to obtain more reliable forecasts during project control.
