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description Publicationkeyboard_double_arrow_right Article , Journal 2020Publisher:MDPI AG Authors:Xingbo Yao;
Xingbo Yao
Xingbo Yao in OpenAIREBart J. Dewancker;
Bart J. Dewancker
Bart J. Dewancker in OpenAIREYuang Guo;
Shuo Han; +1 AuthorsYuang Guo
Yuang Guo in OpenAIREXingbo Yao;
Xingbo Yao
Xingbo Yao in OpenAIREBart J. Dewancker;
Bart J. Dewancker
Bart J. Dewancker in OpenAIREYuang Guo;
Shuo Han; Juan Xu;Yuang Guo
Yuang Guo in OpenAIREdoi: 10.3390/su12208687
China’s research on and specific implementation of energy saving for buildings are mainly concentrated in urban areas, but according to 2016 statistics, the rural population accounts for 42.65% of the total population, so rural housing has considerable energy-saving potential. However, the degree of attention to the energy consumption of rural houses needs to be improved. Regarding the research on and implementation of passive energy-saving strategies for residences, compared with centralized urban high-rise residences, rural residences mainly have independent courtyards, with a flexible layout and easier transformation. In this study, a system that uses the common cold lanes in traditional villages and buildings’ exterior walls was constructed, and the indoor spaces of courtyard buildings in southern Shaanxi were completely passively cooled in summer. This system can be completely separated from the supply of artificial energy by relying on the accumulation and buoyancy effects of air in patios and cold lanes and the hot-pressure ventilation in buildings to cool the buildings and greatly improve indoor ventilation efficiency. As the building is ventilated and cooled, the air wall formed in the system can effectively prevent direct contact between the outdoor and indoor temperatures and reduce the impact of thermal wall radiation on the interior. In previous studies on the passive design of courtyard houses, scholars considered the effect of thermal wall radiation on indoor temperature in simulations. Therefore, in this study, we also separately calculated whether to consider the difference between the situation with and without wall heat radiation (WHR) when simulating thermal conversion. The final results show that when the cooling system was adopted, the annual cooling load of the whole building was 4786.494 kW·h without WHR. However, with WHR, the cooling load reduction was 2989.128 kW·h, a difference of 1797.336 kW·h.
add ClaimPlease grant OpenAIRE to access and update your ORCID works.This Research product is the result of merged Research products in OpenAIRE.
You have already added works in your ORCID record related to the merged Research product.This Research product is the result of merged Research products in OpenAIRE.
You have already added works in your ORCID record related to the merged Research product.All Research productsarrow_drop_down <script type="text/javascript"> <!-- document.write('<div id="oa_widget"></div>'); document.write('<script type="text/javascript" src="https://beta.openaire.eu/index.php?option=com_openaire&view=widget&format=raw&projectId=10.3390/su12208687&type=result"></script>'); --> </script>
For further information contact us at helpdesk@openaire.euAccess Routesgold 13 citations 13 popularity Top 10% influence Average impulse Top 10% Powered by BIP!
more_vert add ClaimPlease grant OpenAIRE to access and update your ORCID works.This Research product is the result of merged Research products in OpenAIRE.
You have already added works in your ORCID record related to the merged Research product.This Research product is the result of merged Research products in OpenAIRE.
You have already added works in your ORCID record related to the merged Research product.All Research productsarrow_drop_down <script type="text/javascript"> <!-- document.write('<div id="oa_widget"></div>'); document.write('<script type="text/javascript" src="https://beta.openaire.eu/index.php?option=com_openaire&view=widget&format=raw&projectId=10.3390/su12208687&type=result"></script>'); --> </script>
For further information contact us at helpdesk@openaire.eudescription Publicationkeyboard_double_arrow_right Article , Journal 2020Publisher:MDPI AG doi: 10.3390/su12072636
To meet international efforts to prevent climate change, the South Korean government is seeking to transform its main power source from coal to natural gas (NG), which emits less carbon dioxide (CO2) than coal. The government needs information about public preferences for increasing NG-fired generation. Therefore, the purpose of this paper is to provide the government with this information by gathering the data on public preferences for increasing NG-fired generation for reducing CO2 emissions, analyzing these data, and obtaining the implications from the analysis. To this end, a survey of 1000 people, after explaining the merits and demerits of NG-fired power, were asked to determine the proper ratio of NG-fired generation by choosing one of six examples: lower than 10%, 10%–20%, 20%–30%, 30%–40%, 40%–50%, and higher than 50%. An interval data model was employed to deal with the data. The average value of the ratio was estimated to be 26.7% with statistical significance, which is greater than the actual value of 22.2% from 2017. Finally, whether and how much some variables such as education level, age, gender, and income level of the respondent affected their preferences for NG-fired generation were investigated.
add ClaimPlease grant OpenAIRE to access and update your ORCID works.This Research product is the result of merged Research products in OpenAIRE.
You have already added works in your ORCID record related to the merged Research product.This Research product is the result of merged Research products in OpenAIRE.
You have already added works in your ORCID record related to the merged Research product.All Research productsarrow_drop_down <script type="text/javascript"> <!-- document.write('<div id="oa_widget"></div>'); document.write('<script type="text/javascript" src="https://beta.openaire.eu/index.php?option=com_openaire&view=widget&format=raw&projectId=10.3390/su12072636&type=result"></script>'); --> </script>
For further information contact us at helpdesk@openaire.euAccess Routesgold 5 citations 5 popularity Top 10% influence Average impulse Top 10% Powered by BIP!
more_vert add ClaimPlease grant OpenAIRE to access and update your ORCID works.This Research product is the result of merged Research products in OpenAIRE.
You have already added works in your ORCID record related to the merged Research product.This Research product is the result of merged Research products in OpenAIRE.
You have already added works in your ORCID record related to the merged Research product.All Research productsarrow_drop_down <script type="text/javascript"> <!-- document.write('<div id="oa_widget"></div>'); document.write('<script type="text/javascript" src="https://beta.openaire.eu/index.php?option=com_openaire&view=widget&format=raw&projectId=10.3390/su12072636&type=result"></script>'); --> </script>
For further information contact us at helpdesk@openaire.eudescription Publicationkeyboard_double_arrow_right Article , Journal 2020Publisher:MDPI AG Authors: Jihang Kim; Byungyun Yang; Jiman Park;doi: 10.3390/su12156116
This study integrated a focus on geographical, physical, and commercial characteristics to explore the commercial gentrification phenomenon and its related statistical summaries in the area of Garosu-gil in Seoul’s Sinsa-dong ward. In particular, this study first collected parcel and building data and corresponding attribute information and mapped the resulting datasets in a geographic information system (GIS) environment. We then examined gentrification issues per building and conducted statistical analyses to investigate spatial patterns of commercial gentrification, which were used to develop criteria for determining degrees of gentrification. Third, this study conducted correlation and regression analyses to quantify the strength of the linear relationship between pairs of variables associated with primary factors contributing to commercial gentrification, and used a geographically weighted regression model (GWR) to help understand and predict spatial relationships between significant variables. The results showed positive correlations between several variables and commercial gentrification in the study area, namely neighborhood-convenience facilities, building ages, store rents, new franchise and restaurant businesses, distance to subways, and the presence of multiple roads. Based on its finding, there are key contributions of this study as follows. The first significant contribution of this study is developing measurement of gentrification levels that can be used by policy makers at each of four stages of the gentrification process. Furthermore, this paper develops a comprehensive approach for spatially identifying gentrifying neighborhoods across multiple time periods in 2- and 3-dimensions. It eventually helps urban planners implement preventative or supportive programs to protect lower-income residents and small businesses and thereby engender more sustainable community development.
add ClaimPlease grant OpenAIRE to access and update your ORCID works.This Research product is the result of merged Research products in OpenAIRE.
You have already added works in your ORCID record related to the merged Research product.This Research product is the result of merged Research products in OpenAIRE.
You have already added works in your ORCID record related to the merged Research product.All Research productsarrow_drop_down <script type="text/javascript"> <!-- document.write('<div id="oa_widget"></div>'); document.write('<script type="text/javascript" src="https://beta.openaire.eu/index.php?option=com_openaire&view=widget&format=raw&projectId=10.3390/su12156116&type=result"></script>'); --> </script>
For further information contact us at helpdesk@openaire.euAccess Routesgold 2 citations 2 popularity Average influence Average impulse Average Powered by BIP!
more_vert add ClaimPlease grant OpenAIRE to access and update your ORCID works.This Research product is the result of merged Research products in OpenAIRE.
You have already added works in your ORCID record related to the merged Research product.This Research product is the result of merged Research products in OpenAIRE.
You have already added works in your ORCID record related to the merged Research product.All Research productsarrow_drop_down <script type="text/javascript"> <!-- document.write('<div id="oa_widget"></div>'); document.write('<script type="text/javascript" src="https://beta.openaire.eu/index.php?option=com_openaire&view=widget&format=raw&projectId=10.3390/su12156116&type=result"></script>'); --> </script>
For further information contact us at helpdesk@openaire.eudescription Publicationkeyboard_double_arrow_right Article 2023Publisher:MDPI AG doi: 10.3390/su16010288
Pursuing innovations in sustainable architectural solutions, this study examines the impact of a climate-adaptive building envelope with dynamic photovoltaic integrated shading devices (PVSDs) on building performance. A major challenge in designing PVSDs is the lack of established guidelines for geometry and operations. We delve into the complexities and potential benefits of integrating dynamic PVSD designs into building performance simulations, particularly considering their time-varying geometric and operational aspects. This research assesses a range of similar PVSD design options with differing patterns, emphasizing their effects on solar energy potential, daylighting, and thermal efficiency. We conducted tests on south-oriented PVSDs (featuring two-axis rotation) in Houston, Texas, focusing on variables such as panel count (4 or 36), rotation angle range, and operational patterns (synchronized or individual). Regarding solar potential, the four-panel synchronized PVSD option outperformed static shading by 2.1 times. For daylighting and thermal performance, the 36-panel synchronized option with a wide rotation range and the four-panel individual option proved superior to other PVSD configurations, improving up to an average of 36% (sDA300/50%) and 1.5 °C, respectively. Our findings emphasize the critical role of integrating geometric design and operational patterns in PVSDs for enhanced system effectiveness and highlight PVSD design and application limitations. Our findings emphasize the critical role of integrating geometric design and operational patterns in PVSDs for enhanced system effectiveness. Furthermore, they shed light on the limitations in the PVSD design process and practical applications.
add ClaimPlease grant OpenAIRE to access and update your ORCID works.This Research product is the result of merged Research products in OpenAIRE.
You have already added works in your ORCID record related to the merged Research product.This Research product is the result of merged Research products in OpenAIRE.
You have already added works in your ORCID record related to the merged Research product.All Research productsarrow_drop_down <script type="text/javascript"> <!-- document.write('<div id="oa_widget"></div>'); document.write('<script type="text/javascript" src="https://beta.openaire.eu/index.php?option=com_openaire&view=widget&format=raw&projectId=10.3390/su16010288&type=result"></script>'); --> </script>
For further information contact us at helpdesk@openaire.euAccess Routesgold 1 citations 1 popularity Average influence Average impulse Average Powered by BIP!
more_vert add ClaimPlease grant OpenAIRE to access and update your ORCID works.This Research product is the result of merged Research products in OpenAIRE.
You have already added works in your ORCID record related to the merged Research product.This Research product is the result of merged Research products in OpenAIRE.
You have already added works in your ORCID record related to the merged Research product.All Research productsarrow_drop_down <script type="text/javascript"> <!-- document.write('<div id="oa_widget"></div>'); document.write('<script type="text/javascript" src="https://beta.openaire.eu/index.php?option=com_openaire&view=widget&format=raw&projectId=10.3390/su16010288&type=result"></script>'); --> </script>
For further information contact us at helpdesk@openaire.eudescription Publicationkeyboard_double_arrow_right Article 2022Publisher:MDPI AG Authors:Ting Ren;
Ting Ren
Ting Ren in OpenAIREHailong Zhang;
Yuancheng Guo;Hailong Zhang
Hailong Zhang in OpenAIREYang Tang;
+2 AuthorsYang Tang
Yang Tang in OpenAIRETing Ren;
Ting Ren
Ting Ren in OpenAIREHailong Zhang;
Yuancheng Guo;Hailong Zhang
Hailong Zhang in OpenAIREYang Tang;
Qinglin Li; Seisuke Okubo;Yang Tang
Yang Tang in OpenAIREdoi: 10.3390/su142013410
This study aims to investigate the behavior of ground surface settlement in TBM double-line tunnels constructed under existing buildings and to devise a calculative representation for that behavior. Numerical simulation and field monitoring methods were used to examine the Zhongcong Tunnel in Chongqing Metro Line 9. The ground surface settlement was analyzed using an orthogonal test of 3D numerical simulation methods. The results showed that ground surface settlement was influenced by TBM tunneling parameters and the location of the existing building in the following manner. The existing building reduced the settlement trough width. Surface settlement was increased by frictional and palm surface thrust forces but reduced by grouting pressure. The settlement trough width of the first excavation iz correlated with that of the last excavation iy. To accommodate the influence of existing buildings, the tilt factor of the settlement trough TR was introduced to improve the formula for calculating the ground surface settlement of TBM double-line tunnels. The improved formula was validated by comparing the calculated results with actual measurements.
add ClaimPlease grant OpenAIRE to access and update your ORCID works.This Research product is the result of merged Research products in OpenAIRE.
You have already added works in your ORCID record related to the merged Research product.This Research product is the result of merged Research products in OpenAIRE.
You have already added works in your ORCID record related to the merged Research product.All Research productsarrow_drop_down <script type="text/javascript"> <!-- document.write('<div id="oa_widget"></div>'); document.write('<script type="text/javascript" src="https://beta.openaire.eu/index.php?option=com_openaire&view=widget&format=raw&projectId=10.3390/su142013410&type=result"></script>'); --> </script>
For further information contact us at helpdesk@openaire.euAccess Routesgold 2 citations 2 popularity Average influence Average impulse Average Powered by BIP!
more_vert add ClaimPlease grant OpenAIRE to access and update your ORCID works.This Research product is the result of merged Research products in OpenAIRE.
You have already added works in your ORCID record related to the merged Research product.This Research product is the result of merged Research products in OpenAIRE.
You have already added works in your ORCID record related to the merged Research product.All Research productsarrow_drop_down <script type="text/javascript"> <!-- document.write('<div id="oa_widget"></div>'); document.write('<script type="text/javascript" src="https://beta.openaire.eu/index.php?option=com_openaire&view=widget&format=raw&projectId=10.3390/su142013410&type=result"></script>'); --> </script>
For further information contact us at helpdesk@openaire.eudescription Publicationkeyboard_double_arrow_right Article , Journal 2018Publisher:MDPI AG Authors: Kimisato Oda;Christoph D. D. Rupprecht;
Christoph D. D. Rupprecht
Christoph D. D. Rupprecht in OpenAIREKazuaki Tsuchiya;
Kazuaki Tsuchiya
Kazuaki Tsuchiya in OpenAIRESteven R. McGreevy;
Steven R. McGreevy
Steven R. McGreevy in OpenAIREdoi: 10.3390/su10041048
Can shrinking cities harness population decline to improve their sustainability by repurposing land use, for example, for localizing food production? Whether such a transition is feasible depends on the pre-shrinkage state of urban agricultural land use, including ongoing trends in local land use change. This study examined agricultural land use from 2007–2017 in Kyoto City, Japan. Kyoto is on the brink of a large projected population decline (~190,000 or ~13% until 2040) and serves as a representative for a large number of regional Japanese cities in a similar situation. Analysis was based on a public 2007 land use data set, aerial and satellite imagery and ground truthing. Results showed a decline of 209 ha or 10% in agricultural land use over ten years, but also highlight the diversity of ongoing agricultural land use types not captured by standard categories. The main post-agricultural land uses were residential (40%) and vacant land (28%). These results have implications for planning and policy. Kyoto City is currently not set to benefit from the projected shrinking process through localizing food production, despite a tradition of vegetable production. Future research should analyze drivers of change for observed agricultural land use.
add ClaimPlease grant OpenAIRE to access and update your ORCID works.This Research product is the result of merged Research products in OpenAIRE.
You have already added works in your ORCID record related to the merged Research product.This Research product is the result of merged Research products in OpenAIRE.
You have already added works in your ORCID record related to the merged Research product.All Research productsarrow_drop_down <script type="text/javascript"> <!-- document.write('<div id="oa_widget"></div>'); document.write('<script type="text/javascript" src="https://beta.openaire.eu/index.php?option=com_openaire&view=widget&format=raw&projectId=10.3390/su10041048&type=result"></script>'); --> </script>
For further information contact us at helpdesk@openaire.euAccess Routesgold 35 citations 35 popularity Top 10% influence Top 10% impulse Top 10% Powered by BIP!
more_vert add ClaimPlease grant OpenAIRE to access and update your ORCID works.This Research product is the result of merged Research products in OpenAIRE.
You have already added works in your ORCID record related to the merged Research product.This Research product is the result of merged Research products in OpenAIRE.
You have already added works in your ORCID record related to the merged Research product.All Research productsarrow_drop_down <script type="text/javascript"> <!-- document.write('<div id="oa_widget"></div>'); document.write('<script type="text/javascript" src="https://beta.openaire.eu/index.php?option=com_openaire&view=widget&format=raw&projectId=10.3390/su10041048&type=result"></script>'); --> </script>
For further information contact us at helpdesk@openaire.eudescription Publicationkeyboard_double_arrow_right Article 2023Publisher:MDPI AG Authors:Chaehyeon Kim;
Chaehyeon Kim
Chaehyeon Kim in OpenAIREYooseob Song;
Yooseob Song
Yooseob Song in OpenAIREJunhwi Cho;
Julian Kang; +1 AuthorsJunhwi Cho
Junhwi Cho in OpenAIREChaehyeon Kim;
Chaehyeon Kim
Chaehyeon Kim in OpenAIREYooseob Song;
Yooseob Song
Yooseob Song in OpenAIREJunhwi Cho;
Julian Kang;Junhwi Cho
Junhwi Cho in OpenAIREJaeheum Yeon;
Jaeheum Yeon
Jaeheum Yeon in OpenAIREdoi: 10.3390/su151410772
Embedded sensors are widely employed for the structural health monitoring of structures constructed with concrete or mortar. Despite embedded sensors being actively used, there has been no study on whether or not the sensor probe placement within structures made of concrete or mortar influences their structural stability. The strength of small structures in particular could be affected by sensor probes embedded within them. To address the lack of research in this area, this study analyzed the effect of embedding positions of sensor probes on the compressive strength development of mortar. After the production of mortar specimens with the depth of the embedded sensor being controlled by the developed mold, compressive strength tests were conducted, and then test results were verified through finite element analysis. For testing, copper–nickel-plated sensor probes were embedded within the mortar because these sensor probes are popular commercial probes. The test results show that the compressive strength was 7.1 MPa when the sensor probe was embedded at a depth of 5 mm. In contrast, the compressive strength was 28.2 MPa at a depth of 30 mm. Since the compressive strength without the embedded sensor probe was 29.8 MPa, considering the results of this study, it is highly recommended that copper–nickel-plated sensor probes be embedded at least 30 mm from the surface of mortar structures.
add ClaimPlease grant OpenAIRE to access and update your ORCID works.This Research product is the result of merged Research products in OpenAIRE.
You have already added works in your ORCID record related to the merged Research product.This Research product is the result of merged Research products in OpenAIRE.
You have already added works in your ORCID record related to the merged Research product.All Research productsarrow_drop_down <script type="text/javascript"> <!-- document.write('<div id="oa_widget"></div>'); document.write('<script type="text/javascript" src="https://beta.openaire.eu/index.php?option=com_openaire&view=widget&format=raw&projectId=10.3390/su151410772&type=result"></script>'); --> </script>
For further information contact us at helpdesk@openaire.euAccess Routesgold 1 citations 1 popularity Top 10% influence Average impulse Average Powered by BIP!
more_vert add ClaimPlease grant OpenAIRE to access and update your ORCID works.This Research product is the result of merged Research products in OpenAIRE.
You have already added works in your ORCID record related to the merged Research product.This Research product is the result of merged Research products in OpenAIRE.
You have already added works in your ORCID record related to the merged Research product.All Research productsarrow_drop_down <script type="text/javascript"> <!-- document.write('<div id="oa_widget"></div>'); document.write('<script type="text/javascript" src="https://beta.openaire.eu/index.php?option=com_openaire&view=widget&format=raw&projectId=10.3390/su151410772&type=result"></script>'); --> </script>
For further information contact us at helpdesk@openaire.eudescription Publicationkeyboard_double_arrow_right Article , Journal 2019Publisher:MDPI AG Authors: Byungyun Yang;doi: 10.3390/su11184889
This study explored geospatial technologies to support efforts of community organizations and of the Chicago Gun Violence Research Collaboration to reduce gun-related crimes. It entailed (1) identification of spatial trends in gun-related crimes during 2012 to 2017 in each of the following four areas: Austin, East Garfield, North Lawndale, and Englewood; (2) investigation of changes in crime patterns near safe school zones in the areas before and after the establishment of the city’s safe passage routes in 2009 to protect the youth from street violence when traveling to school; and (3) development of a web-enabled mobile application to provide researchers and residents with spatial information on local crime incidents and to enable community members to collect and share their information in a GIS environment. The results of this research revealed that, although the number of safe passage routes has increased in these areas over the past several years, hotspot trends for gun-related crimes have intensified in most of the communities in these areas, which include school zones and safe passage routes. Accordingly, it turned out that GIS can serve as an ideal platform supporting collaborative efforts between communities and researchers.
add ClaimPlease grant OpenAIRE to access and update your ORCID works.This Research product is the result of merged Research products in OpenAIRE.
You have already added works in your ORCID record related to the merged Research product.This Research product is the result of merged Research products in OpenAIRE.
You have already added works in your ORCID record related to the merged Research product.All Research productsarrow_drop_down <script type="text/javascript"> <!-- document.write('<div id="oa_widget"></div>'); document.write('<script type="text/javascript" src="https://beta.openaire.eu/index.php?option=com_openaire&view=widget&format=raw&projectId=10.3390/su11184889&type=result"></script>'); --> </script>
For further information contact us at helpdesk@openaire.euAccess Routesgold 11 citations 11 popularity Top 10% influence Average impulse Top 10% Powered by BIP!
more_vert add ClaimPlease grant OpenAIRE to access and update your ORCID works.This Research product is the result of merged Research products in OpenAIRE.
You have already added works in your ORCID record related to the merged Research product.This Research product is the result of merged Research products in OpenAIRE.
You have already added works in your ORCID record related to the merged Research product.All Research productsarrow_drop_down <script type="text/javascript"> <!-- document.write('<div id="oa_widget"></div>'); document.write('<script type="text/javascript" src="https://beta.openaire.eu/index.php?option=com_openaire&view=widget&format=raw&projectId=10.3390/su11184889&type=result"></script>'); --> </script>
For further information contact us at helpdesk@openaire.eudescription Publicationkeyboard_double_arrow_right Article , Journal 2021Publisher:MDPI AG doi: 10.3390/su13063188
Troop movement involves transporting military personnel from one location to another using available means. To minimize damage from enemies, the military simultaneously uses reconnaissance and transportation units during troop movements. This paper proposes a vehicle routing problem considering reconnaissance and transportation (VRPCRT) for wartime troop movements. The VRPCRT is formulated as a mixed-integer programming model for minimizing the completion time of wartime troop movements and reconnaissance, and transportation vehicle routes were determined simultaneously in the VRPCRT. For this paper, an ant colony optimization (ACO) algorithm for the VRPCRT was also developed, and computational experiments were conducted to compare the ACO algorithm’s performance and that of the mixed-integer programming model. The performance of the ACO algorithm was shown to yield excellent results even for the real-size problem. Furthermore, a sensitivity analysis of the change in the number of reconnaissance and transportation vehicles was performed, and the effects of each type of vehicle on troop movement were analyzed.
add ClaimPlease grant OpenAIRE to access and update your ORCID works.This Research product is the result of merged Research products in OpenAIRE.
You have already added works in your ORCID record related to the merged Research product.This Research product is the result of merged Research products in OpenAIRE.
You have already added works in your ORCID record related to the merged Research product.All Research productsarrow_drop_down <script type="text/javascript"> <!-- document.write('<div id="oa_widget"></div>'); document.write('<script type="text/javascript" src="https://beta.openaire.eu/index.php?option=com_openaire&view=widget&format=raw&projectId=10.3390/su13063188&type=result"></script>'); --> </script>
For further information contact us at helpdesk@openaire.euAccess Routesgold 4 citations 4 popularity Top 10% influence Average impulse Average Powered by BIP!
more_vert add ClaimPlease grant OpenAIRE to access and update your ORCID works.This Research product is the result of merged Research products in OpenAIRE.
You have already added works in your ORCID record related to the merged Research product.This Research product is the result of merged Research products in OpenAIRE.
You have already added works in your ORCID record related to the merged Research product.All Research productsarrow_drop_down <script type="text/javascript"> <!-- document.write('<div id="oa_widget"></div>'); document.write('<script type="text/javascript" src="https://beta.openaire.eu/index.php?option=com_openaire&view=widget&format=raw&projectId=10.3390/su13063188&type=result"></script>'); --> </script>
For further information contact us at helpdesk@openaire.eudescription Publicationkeyboard_double_arrow_right Article , Journal 2015Publisher:MDPI AG Authors: Lee, Sanghyo; Kim, Kyunghwan;doi: 10.3390/su70810649
Effective change order management is very important in maintaining the financial sustainability of various stakeholders related to construction projects by minimizing cost overruns. In this study, we propose a zero-cost risk management approach based on the collar option model in order to control for the loss caused by change orders, the main cause of cost overruns in construction projects. We apply this model to actual projects for empirical analysis. The analysis, based on 237 projects, indicates that insurance buyers benefit from the collar option model in 46% of the cases, while insurance sellers do so in 53% of the cases. In most cases, the insurance buyer is the owner. According to the model, the owner experiences a loss when the cost overrun caused by change orders is lower than what was expected. In such cases, it is appropriate to conclude that the loss is not caused by the collar option model, but by the absence of additional revenue. However, the insurance seller suffers a loss if the cost overrun is higher than the strike price of the call option. Thus, the insurance seller needs to have expertise in construction management.
add ClaimPlease grant OpenAIRE to access and update your ORCID works.This Research product is the result of merged Research products in OpenAIRE.
You have already added works in your ORCID record related to the merged Research product.This Research product is the result of merged Research products in OpenAIRE.
You have already added works in your ORCID record related to the merged Research product.All Research productsarrow_drop_down <script type="text/javascript"> <!-- document.write('<div id="oa_widget"></div>'); document.write('<script type="text/javascript" src="https://beta.openaire.eu/index.php?option=com_openaire&view=widget&format=raw&projectId=10.3390/su70810649&type=result"></script>'); --> </script>
For further information contact us at helpdesk@openaire.euAccess RoutesGreen gold 6 citations 6 popularity Average influence Average impulse Average Powered by BIP!
more_vert add ClaimPlease grant OpenAIRE to access and update your ORCID works.This Research product is the result of merged Research products in OpenAIRE.
You have already added works in your ORCID record related to the merged Research product.This Research product is the result of merged Research products in OpenAIRE.
You have already added works in your ORCID record related to the merged Research product.All Research productsarrow_drop_down <script type="text/javascript"> <!-- document.write('<div id="oa_widget"></div>'); document.write('<script type="text/javascript" src="https://beta.openaire.eu/index.php?option=com_openaire&view=widget&format=raw&projectId=10.3390/su70810649&type=result"></script>'); --> </script>
For further information contact us at helpdesk@openaire.eu