DC Field | Value | Language |
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dc.contributor.author | LEE, EUL BUM | - |
dc.contributor.author | Alleman, Douglas | - |
dc.date.accessioned | 2018-05-04T02:32:44Z | - |
dc.date.available | 2018-05-04T02:32:44Z | - |
dc.date.created | 2018-03-05 | - |
dc.date.issued | 2018-03 | - |
dc.identifier.issn | 2071-1050 | - |
dc.identifier.uri | https://oasis.postech.ac.kr/handle/2014.oak/41161 | - |
dc.description.abstract | United States State Highway Agencies (SHAs) use Incentive/Disincentives (I/D) to minimize negative impacts of construction on the traveling public through construction acceleration. Current I/D practices have the following short-comings: not standardized, over- or under-compensate contractors, lack of auditability result in disincentives that leave SHAs vulnerable to contractor claims and litigation and are based on agency costs/savings rather than contractor acceleration. Presented within this paper is an eleven-step I/D valuation process. The processes incorporate a US-nationwide RUC and agency cost calculation program, CA4PRS and a time-cost tradeoff I/D process. The incentive calculation used is the summation of the contractor acceleration and a reasonable contractor bonus (based on shared agency savings) with an optional reduction of contractor’s own saving from schedule compression (acceleration). The process has a capability to be used both within the US and internationally with minor modifications, relies on historical costs, is simple and is auditable and repeatable. As such, it is a practical tool for optimizing I/D amounts and bridges the gap in existing literature both by its industry applicability, integrating the solution into existing SHA practices and its foundation of contractor acceleration costs. | - |
dc.language | English | - |
dc.publisher | MDPI AG | - |
dc.relation.isPartOf | Sustainability | - |
dc.title | Ensuring Efficient Incentive and Disincentive Values for Highway Construction Projects: A Systematic Approach Balancing Road User, Agency and Contractor Acceleration Costs and Savings | - |
dc.type | Article | - |
dc.identifier.doi | 10.3390/su10030701 | - |
dc.type.rims | ART | - |
dc.identifier.bibliographicCitation | Sustainability, v.10, no.3, pp.701 | - |
dc.identifier.wosid | 000428567100128 | - |
dc.citation.number | 3 | - |
dc.citation.startPage | 701 | - |
dc.citation.title | Sustainability | - |
dc.citation.volume | 10 | - |
dc.contributor.affiliatedAuthor | LEE, EUL BUM | - |
dc.identifier.scopusid | 2-s2.0-85042745554 | - |
dc.description.journalClass | 1 | - |
dc.description.journalClass | 1 | - |
dc.type.docType | ARTICLE | - |
dc.subject.keywordAuthor | time-cost tradeoff | - |
dc.subject.keywordAuthor | optimizing model | - |
dc.subject.keywordAuthor | CA4PRS | - |
dc.subject.keywordAuthor | incentives and disincentives | - |
dc.subject.keywordAuthor | road user cost | - |
dc.subject.keywordAuthor | highway rehabilitation and reconstruction | - |
dc.subject.keywordAuthor | schedule analysis | - |
dc.subject.keywordAuthor | agency cost | - |
dc.relation.journalWebOfScienceCategory | GREEN & SUSTAINABLE SCIENCE & TECHNOLOGY | - |
dc.relation.journalWebOfScienceCategory | Environmental Sciences | - |
dc.relation.journalWebOfScienceCategory | Environmental Studies | - |
dc.description.journalRegisteredClass | scie | - |
dc.description.journalRegisteredClass | ssci | - |
dc.description.journalRegisteredClass | scopus | - |
dc.relation.journalResearchArea | Science & Technology - Other Topics | - |
dc.relation.journalResearchArea | Environmental Sciences & Ecology | - |
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