loading
Papers

Research.Publish.Connect.

Paper

Paper Unlock

Authors: Jin-hyuk Yoo ; Dong-gun Lee and Hee-sung Cha

Affiliation: Ajou University, Korea, Republic of

ISBN: 978-989-758-075-8

Keyword(s): Cash Account, Cash-flow Model, Correlation Matrix, Key Success Factor, Project Financing.

Related Ontology Subjects/Areas/Topics: Applications ; Enterprise Information Systems ; Information Systems Analysis and Specification ; Methodologies and Technologies ; Operational Research ; Project Management ; Risk Management ; Software Engineering ; Software Project Management

Abstract: In the construction industry, the main obstacle in successfully completing a project is a failure in identifying and responding the project risk factors. Especially for construction project financing (PF), many project practitioners are struggling in developing a cash-flow model by integrating the key risk factors for the subject project. This study has identified key success factors (KSFs) of construction project financing (PF) throughout an extensive literature review in collaboration with an industry survey. They have been further derived from Factor Analysis technique and qualified using Fuzzy-AHP method. Throughout the evaluation of the derived success factors in real building construction projects, a strong correlation has been identified between the score of each PF success factor and the level of success and/or expected rate of return (ROR). Using the result of this investigation, this study has been developing a correlation matrix for inter-relating each KSF and its correspon ding cash account in order to effectively measure the financial viability of PF projects. With the help of this mechanism, the project stakeholders can reach more objective and transparent decision-making process. The contribution of this study will help decision makers of the PF project make a better decision and give a meaningful guidance in achieving more successful PF projects. (More)

PDF ImageFull Text

Download
CC BY-NC-ND 4.0

Sign In Guest: Register as new SciTePress user now for free.

Sign In SciTePress user: please login.

PDF ImageMy Papers

You are not signed in, therefore limits apply to your IP address 3.214.184.250

In the current month:
Recent papers: 100 available of 100 total
2+ years older papers: 200 available of 200 total

Paper citation in several formats:
Yoo, J.; Lee, D. and Cha, H. (2015). KSF-CA Correlation Matrix for Probabilistic Cashflow Model on Construction Project Financing in South Korea .In Proceedings of the International Conference on Operations Research and Enterprise Systems - Volume 1: ICORES, ISBN 978-989-758-075-8, pages 383-388. DOI: 10.5220/0005253903830388

@conference{icores15,
author={Jin{-}hyuk Yoo. and Dong{-}gun Lee. and Hee{-}sung Cha.},
title={KSF-CA Correlation Matrix for Probabilistic Cashflow Model on Construction Project Financing in South Korea },
booktitle={Proceedings of the International Conference on Operations Research and Enterprise Systems - Volume 1: ICORES,},
year={2015},
pages={383-388},
publisher={SciTePress},
organization={INSTICC},
doi={10.5220/0005253903830388},
isbn={978-989-758-075-8},
}

TY - CONF

JO - Proceedings of the International Conference on Operations Research and Enterprise Systems - Volume 1: ICORES,
TI - KSF-CA Correlation Matrix for Probabilistic Cashflow Model on Construction Project Financing in South Korea
SN - 978-989-758-075-8
AU - Yoo, J.
AU - Lee, D.
AU - Cha, H.
PY - 2015
SP - 383
EP - 388
DO - 10.5220/0005253903830388

Login or register to post comments.

Comments on this Paper: Be the first to review this paper.