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Risk Management in Construction Projects [chapter]

Nerija Banaitiene, Audrius Banaitis
2012 Risk Management - Current Issues and Challenges  
Author details Nerija Banaitiene * and Audrius Banaitis Department of Construction Economics and Property Management, Faculty of Civil Engineering, Vilnius Gediminas Technical University, Vilnius, Lithuania  ... 
doi:10.5772/51460 fatcat:7pfpeuqsd5h7rji6ujsx26gxum

ANALYSIS OF CRITERIA FOR CONTRACTORS' QUALIFICATION EVALUATION

Nerija Banaitienė, Audrius Banaitis
2006 Technological and Economic Development of Economy  
Selecting a construction contractor is a major decision which may influence the progress and success of any construction project. The paper analyses criteria used to evaluate qualification of contractors in Lithuania and abroad. Both in Lithuania and abroad, the bid price of construction works is the main criterion for evaluation of con‐tractors. The lowest price often cannot guarantee commitments on quality and duration of a construction project. Therefore, when selecting a contractor, a
more » ... must not only compare bid prices but also set other criteria for evalua‐tion of qualification and determine their weight. A contractor must be selected according to both quantitative and qualitative criteria, and bids should be compared. Only on the basis of quantitative and qualitative evaluation criteria and by comparing bids of contractors it is possible to select a qualified, competent and reliable contractor, to evaluate its qualification, economic and financial condition and technical capability and skills and to achieve relevant results in a construction project. The paper provides an investigation of Lithuanian companies, which analyses issues related to evaluation of contractors' qualification. The paper is completed with a discussion of the investigation results and delivery of proposals based on expert estimations of the weight of criteria for evaluation of contractors.
doi:10.3846/13928619.2006.9637754 fatcat:fcb6xn2q7bec3p4hv2vhzv3cyu

DECISION SUPPORT FOR THE EVALUATION OF BUILDING LIFE CYCLE EFFECTIVENESS

Nerija Banaitiene, Zenonas Turskis
2004 Technological and Economic Development of Economy  
Banaitienë, Z. Turskis S u m m a r y This paper presents a multiple criteria decision model for the life cycle of single family houses analysis based on a decision support system.  ... 
doi:10.3846/13928619.2004.9637656 fatcat:2yxugymcpzbzxejkvyidatz6qi

A novel sorting method topsis-sort: an application for Tehran environmental quality evaluation

Hassanali Faraji Sabokbar, Ali Hosseini, Audrius Banaitis, Nerija Banaitiene
2016 E & M Ekonomie a Management  
Many real-life problems are multi-objective by nature that requires evaluation of more than one criterion, therefore MCDM has become an important issue. In recent years, many MCDM methods have been developed; the existing approaches have been improved and extended. Multi criteria decision analysis has been regarded as a suitable set of methods to perform sustainability evaluations. Among numerous MCDM methods developed to solve real-life decision problems, Technique for Order Preference by
more » ... arity to Ideal Solution (TOPSIS) continues to work satisfactorily in diverse application areas. In this paper, a novel sorting method (TOPSIS-Sort) based on the classic TOPSIS method is presented. In the TOPSIS-Sort approach an outranking relation is used for sorting purposes. The proposed approach uses characteristic profi les for defi ning the classes and outranking relation as the preference model. Application of the proposed approach is demonstrated by classifying 22 districts of Tehran into fi ve classes (but none of the districts fi ts into Classes 4 and 5), representing areas with different levels of environmental quality. An analysis and assessment of the environmental conditions in Tehran helps to identify the districts with the poor environmental quality. Priority should be given to these areas to maintain and improve the quality of environment. The results obtained by the TOPSIS-Sort give credence to its success, because the results of sorting confi rm our and specialists' evaluation of the districts. This research provides appropriate results with respect to the development of sorting models in the form of outranking relations. The model, proposed by this study, is applicable to the other outranking methods such as ELECTRE, PROMETHEE, etc.
doi:10.15240/tul/001/2016-2-006 fatcat:77qs7ihd5fhdxiccutyzba2y24

Evaluating the Impact of Building Information Modeling (BIM) on Mass House Building Projects

Hadi Sarvari, Daniel W. M. Chan, Mansooreh Rakhshanifar, Nerija Banaitiene, Audrius Banaitis
2020 Buildings  
This paper aims to identify and investigate the factors affecting the goals of mass-housing building projects due to the use of building information modeling (BIM). A descriptive-survey method was used to collect necessary data. Fifty respondents from the target sectors and experts in the field of modeling building information participated in self-selection survey. The tools of collecting data included three questionnaires regarding three phases of construction work: pre-construction, during
more » ... struction and post-construction, which were developed based on the three indices of cost, time and quality. The face, content and construct validity of the questionnaires were confirmed after several rounds of testing. The reliability coefficient of the pre-construction, during the construction and post-construction questionnaires were 0.923, 0.917 and 0.876, respectively. The results show that the F-statistic is significant for the difference between the three groups (pre-construction, during construction and post-construction) at the 0.01 level. The results confirmed that BIM has a great influence on a project in terms of meeting time, cost and quality objectives through the whole life cycle of a construction project: during pre-construction, construction, and post-construction stages.
doi:10.3390/buildings10020035 fatcat:yes63v7665d5fgx3vy2pdz6eku

RESEARCH INTO ADVERTISING IN CONSTRUCTION: ANALYSIS OF LITHUANIAN AND SWEDISH EXPERIENCE

Audrius Banaitis, Nerija Banaitiene
2005 Technological and Economic Development of Economy  
Construction, as an object of marketing, has special features: the construction environment is complex and changing, clients' requirements and expectations are increasing. Construction companies must realize that good marketing, as well as advertising activities have a great impact on sales of construction products and services in today's competitive market. This paper reports on a qualitative study of the Lithuanian and Swedish construction companies about advertising campaign, budget and
more » ... of advertising. The effectiveness of advertising means is also analyzed. The first problem identified in the study is that most Lithuanian construction companies provide self‐advertising policy. The lack of experience and knowledge of advertising leads organizations to inadequate decisions. The observations also detected that advertising campaign in the Lithuanian construction companies is underfinanced and the advertising budget is closely linked with used means. The paper concludes with the assessment of the study results and directions for further research.
doi:10.3846/13928619.2005.9637705 fatcat:gzw5pxk24jbjhhdwollphvxfue

A Staged Approach for Energy Retrofitting an Old Service Building: A Cost-Optimal Assessment

Jorge Lopes, Rui A. F. Oliveira, Nerija Banaitiene, Audrius Banaitis
2021 Energies  
Office buildings built before the pre-1960 age constitute a relevant group for analyzing the energy performance of the Portuguese building sector. A dynamic energy simulation was used to assess the energy performance of an existing office building located in the town of Bragança, Portugal. By using a staged renovation approach, two passive technologies applied to the building envelope and an efficient domestic hot water system were selected and a financial evaluation through the net saving (NS)
more » ... method was undertaken to choose the best efficiency measures/packages for improving the building's energy performance. Real discount rates of 3% and 1% were used in the financial evaluation. Considering the real discount rate of 3%, the results showed that only two out seven retrofit options had a positive financial return. By using the real discount rate of 1%, all retrofit options were found to be financially efficient. The results of the study corroborated those of earlier works that found that the financial profitability of energy renovation investments is very sensitive to the discount rate used in the analysis. The results of the study also suggested that the staged renovation approach used in the analysis is economically feasible, and that this approach is an alternative to one-step renovation approach to help to achieve the country´s energy and climate targets by 2030. Suggestions for future research conducted for office buildings in the different climate zones and other age groups in Portugal are proposed.
doi:10.3390/en14216929 fatcat:aqlvxejmqjdkfn5qn2kfli6ycq

Developing of Sustainable Supply Chain Management Indicators in Construction

Ieva Cataldo, Nerija Banaitienė, Audrius Banaitis, P. Akimov, N. Vatin, A. Tusnin, A. Doroshenko
2021 E3S Web of Conferences  
Most of the existing supply chain management methods and systems are being transferred to construction regardless of the specifics of companies in the construction sector. Numerous complex factors such as ecological, social and economic are required for the continuous evaluation in the modern management of construction sector. The provided studies and the research to examine sustainable supply chain management in construction sector from a holistic perspective, concentrating on mostly long-term
more » ... sustainable decision-making by the construction company rather than being centered only on the supply chain management for construction projects. This paper identifies a list of sustainability indicators for examining the supply chains of construction companies. Those indicators were categorized and assigned to one or a couple groups by reviewing their use in the previous literature agreeing to the reasoning to way better reflect the SSCM principle of their use in construction companies. The use of indicators can help develop strategies for the construction sector for sustainable policy makers and construction company managers.
doi:10.1051/e3sconf/202126305049 fatcat:bgwxq5ps3bfplcw7t6uu5ah5lm

Sensitivity Analysis for Carbon Emissions of Prefabricated Residential Buildings with Window Design Elements

Simeng Li, Yanqiu Cui, Nerija Banaitienė, Chunlu Liu, Mark B. Luther
2021 Energies  
Owing to the advantages of high construction efficiency, prefabricated residential buildings have been of increasing interest in recent years. Against the background of global heating, designing low-carbon facades for prefabricated residential buildings has become a focus. The main challenge for this research is in designing windows for prefabricated residential buildings that can lead to the best performance in carbon emissions. The purpose of this paper is to summarize window design advice
more » ... prefabricated residential building facades with low-carbon goals. This paper adopts the single control variable research method. Building energy consumption and carbon dioxide emissions under different conditions comprise the primary data used in the study. In the process of achieving the research aim, this study firstly extracts the window design elements of prefabricated residential facades. Secondly, objective function formulas are established and a basic model is built for obtaining data. Thirdly, data results are analyzed and window design advice is put forward under the condition of a low-carbon goal. This paper discusses that the optimal window-to-wall ratio (WWR) with a low-carbon orientation is around 0.15, and compares it innovatively with the optimal WWR under an energy-saving orientation at around 0.38. The research results of this paper can deepen the understanding of architectural low-carbon design and play a guiding role for architects.
doi:10.3390/en14196436 fatcat:f2wyzkel6feptcowzjbo5tcofi

MACROPRUDENTIAL POLICY, HOUSE PRICE FLUCTUATION AND HOUSEHOLD CONSUMPTION

Yang Qi, Haixiao Qin, Peide Liu, Jianxu Liu, Saulius Raslanas, Nerija Banaitienė
2022 Technological and Economic Development of Economy  
House purchasing has become an important asset allocation choice for most families in China. House price fluctuation is also one of the important factors that leads to systematic risks in the financial market, which might cause economic crises and then reduce consumption. Since China formally established the dual-pillar management framework of macroprudential policy in 2019, it has played a crucial role in maintaining the stability of house prices. This article employs the mediating effect
more » ... to comb the internal mechanism of the interaction between macroprudential policies, housing prices, and household consumption and test by the panel data of 30 provinces and cities in China from 2004 to 2019. Experience implies that macroprudential policy can not only stabilize consumption demand directly and effectively, but also affect consumption indirectly through the cross of the real estate market and the credit market. Further research has also found that macroprudential policies may fail between regions with higher GDP and high-income groups. This finding will contribute to research on the relationship between macroprudential policies and real economics. In addition, it would be helpful in making policies to increase consumption.
doi:10.3846/tede.2022.16787 fatcat:lkrbdl2ygngpbdyebrbdqlkj5q

FRAMEWORK FOR ASSESSING TECHNOLOGICAL INNOVATION CAPABILITY IN RESEARCH AND TECHNOLOGY ORGANIZATIONS

Sara Sadat MORTAZAVI RAVARI, Ehsan MEHRABANFAR, Audrius BANAITIS, Nerija BANAITIENĖ
2016 Journal of Business Economics and Management  
This study aims to evaluate technology innovation capabilities (TICs) of research and technology organizations (RTOs) by applying Fuzzy-DEMATEL & ANP techniques, in order to provide a practical lookout for their firm's requirement in this regard. Based on literature review, six main criteria and eighteen sub-criteria are extracted. Fuzzy-DEMATEL is applied to analyze the casual relationships among the criteria and subcriteria. After identifying the relations between the criteria a questionnaire
more » ... is developed and distributed among sixteen experts to assess the validity of the questionnaire, then the relations are weighted by ANP. It is concluded that proposed model is a comprehensive model that integrates qualitative and quantitative approaches to develop a step by step model to reach to the main TICs criteria in RTOs. Although, there are many previous researches illustrating various models to evaluate TICs, there is no formidable one using these techniques combination. Based on the abilities of the techniques and the results emerged this paper has prepared a robust model available for other RTOs to adopt as a true reference to reach to their TICs.
doi:10.3846/16111699.2016.1253607 fatcat:2czxr3ldxndxbl5biy65sbxexe

Development of a Conceptual Critical Success Factors Model for Construction Projects: A Case of Lithuania

Neringa Gudienė, Audrius Banaitis, Nerija Banaitienė, Jorge Lopes
2013 Procedia Engineering  
This paper aims to develop a conceptual critical success factors model for construction projects in Lithuania. The concept of success of construction projects and literature review of critical success factors is discussed in the first part. Conceptual model adapted to Lithuania is developed and its elements are described in the second part. Grouped decision-making matrix for the multiple criteria analysis of critical success factors of construction projects is presented at the end of paper.
doi:10.1016/j.proeng.2013.04.051 fatcat:2edyusqo65cmlpqojqwj427gya

Evaluation of critical success factors for construction projects – an empirical study in Lithuania

Neringa Gudienė, Audrius Banaitis, Nerija Banaitienė
2013 International Journal of Strategic Property Management  
performance of the respective parties, while taking into consideration the associated risk management, the business environment, and economic and political stability (Takim and Akintoye, 2002; Kim, 2010; Banaitienė  ... 
doi:10.3846/1648715x.2013.787128 fatcat:wjhmhvmefzc3lkuvo3liybyjli

An Evaluation System for University–Industry Partnership Sustainability: Enhancing Options for Entrepreneurial Universities

Artūras Kaklauskas, Audrius Banaitis, Fernando Ferreira, João Ferreira, Dilanthi Amaratunga, Natalija Lepkova, Ieva Ubartė, Nerija Banaitienė
2018 Sustainability  
The concept of university-industry partnership sustainability (UIPS) stands for well-adjusted progress among key players from universities and industry by sustaining their welfare, both in the present and in the future. This paper sought to develop an evaluation system for UIPS. The need for such a system is justified at three levels: the micro level (i.e., research and innovation performance, transfer and absorptive capability, and technology development), the meso level (i.e., institutional
more » ... rangements, communication networks, and local and indigenous rules) and the macro level (i.e., supply and demand, regulations, financing, taxes, culture, traditions, market, climate, politics, demographics, and technology). The UIPS evaluation system developed in this study offers the possibility of calculating a fair value of UIPS and providing recommendations for improving university-industry (U-I) partnerships. This can be of great importance for entrepreneurial universities that would like to strengthen their corporate links and/or reduce/reverse the "hollowing effect" of globalisation in disadvantaged regions. Additionally, this paper also contains discussions on the advantages, limitations, and managerial implications of this proposal. collaboration activities between academia and industry. Plewa et al. [18] analysed the evolution of university industry linkage phases: pre-linkage that leads to an agreement to work together, establishment that leads to a contract, engagement that leads to the delivery of a project, advancement that leads to an ongoing partnership as well as word of mouth, and the latent phase that means potential future cooperation should a suitable project arise, with continuing personal linkage. Ankrah and Al-Tabbaa [19] employed a systematic procedure to review the literature on university-industry (U-I) collaboration. Ankrah and Al-Tabbaa [19] examined three main phases in U-I collaboration: formation (identifying partners, making contact, assessing partners, negotiation, agreement signing), organisational forms (informal and formal personal relationships, third party, targeted and untargeted formal agreements, focussed structures), and operational phase activities (meetings, communication, trainings, personal mobility, employment, other activities). The effort to make the life cycle of U-I partnerships and their components more sustainable involved the development of a wide range of different databases, evaluation techniques and intelligent systems (i.e., expert, knowledge, fuzzy, embedded, and decision support mechanisms) [20] [21] [22] [23] . The U-I interface system and the interactive academic-industry partnership database enable academic investigators and industry to match up their needs based on complementary knowledge, initiate contact, and work to develop effective partnerships [24] . U-I partnership approaches (e.g., multidisciplinary, linear, market-led, bottom-up, top-down, and cross-disciplinary, among many others) have limitations in terms of results, generalisations and practical impacts on the community [11, 15, 25] . The present study sought to address this gap by analysing some of the existing multiple criteria decision analysis (MCDA) methods and identifying possibilities for improving the effectiveness of the approaches towards UIPS evaluation. Specifically, the literature review suggests that the methods and systems currently available offer no possibility to calculate a fair UIPS value, and provide recommendations for improving U-I partnerships. Furthermore, the available techniques and software packages are unable to optimise the selected criteria, which might otherwise generate an opportunity for further developments. The INvestment Value Assessments along with Recommendation provisions (INVAR) method [26] can be used for assessing a U-I partnership by using the same data as other MCDA methods. However, by applying the INVAR method, it is additionally possible to determine the fair value of a U-I partnership under consideration, optimise the parameters and composite parts of mutual cooperation, and provide well-informed recommendations for improving cooperative work. This means that the INVAR method can support the evaluation of U-I partnerships in a new form, thereby adding to the extant literature on U-I collaboration, entrepreneurship, and operational research. The structure of the remainder of this paper is as follows. Section 2 presents a review of related work. Section 3 presents the methodology and the INVAR method along with sketches of the components of the multiple criteria assessment system developed for UIPS. Section 4 presents a practical application of the developed UIPS system, and discusses its impact for entrepreneurial universities. Section 5 concludes the paper and lays the groundwork for future research. Related Work U-I collaborations have increased in number and variety over the past few decades [20, 21, [27] [28] [29] . These involve a wide range of UIPS variables, including databases and knowledge tools (e.g., software, expert, fuzzy, embedded, and decision support mechanisms). Figure 1 presents some of these elements, which are considered of extreme importance for increasing the entrepreneurial activity of universities [10, 13, 30] .
doi:10.3390/su10010119 fatcat:anziz7o3b5ddxiktld3pqwdcha

Approaches to Risk Identification in Public–Private Partnership Projects: Malaysian Private Partners' Overview

Hadi Sarvari, Alireza Valipour, Nordin Yahya, Norhazilan MD Noor, Michael Beer, Nerija Banaitiene
2019 Administrative Sciences  
Risk identification provides a basis for risk analysis and evaluation (Banaitiene et al. 2011) . However, each construction project is unique, and similar risks may not recur in similar projects.  ... 
doi:10.3390/admsci9010017 fatcat:ji342josjrdkvnooevsknqrw7y
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