A system dynamic thinking for modeling infrastructure project duration acceleration

Yusroniya Eka Putri Rachman Waliulu; Tri Joko Wahyu Adi

doi:10.1016/j.procs.2021.12.181

A system dynamic thinking for modeling infrastructure project duration acceleration

Yusroniya Eka Putri Rachman Waliulu^*, Tri Joko Wahyu Adi

^*Corresponding author for this work

Research output: Contribution to journal › Conference article › peer-review

1 Citation (Scopus)

Abstract

This paper aims to determine the impact of accelerating duration on profits and contingency cost.The method using infrastructure project building in Surabaya Indonesia 2020 historical data set, followed by System Dynamic (SD) modeling and ending with a scenario of the relationship between project duration acceleration, addition profits and crashing cost.Project acceleration can improve project performance by considering the effect on profits and contingency costs,with Schedule Performance Index (SPI) up to 1.06 can increase profit between 1.05%-4.72% due to reduced in indirect costs,otherwise crashing cost will reduce contingency cost between 0.43%-1.91% of the contract value.

Original language	English
Pages (from-to)	420-427
Number of pages	8
Journal	Procedia Computer Science
Volume	197
DOIs	https://doi.org/10.1016/j.procs.2021.12.181
Publication status	Published - 2021
Event	6th Information Systems International Conference, ISICO 2021 - Virtual, Online, Italy Duration: 7 Aug 2021 → 8 Aug 2021

Keywords

Acceleration duration
Contingency cost
Infrastructure projects building
Profits
System dynamic

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10.1016/j.procs.2021.12.181

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title = "A system dynamic thinking for modeling infrastructure project duration acceleration",

abstract = "This paper aims to determine the impact of accelerating duration on profits and contingency cost.The method using infrastructure project building in Surabaya Indonesia 2020 historical data set, followed by System Dynamic (SD) modeling and ending with a scenario of the relationship between project duration acceleration, addition profits and crashing cost.Project acceleration can improve project performance by considering the effect on profits and contingency costs,with Schedule Performance Index (SPI) up to 1.06 can increase profit between 1.05%-4.72% due to reduced in indirect costs,otherwise crashing cost will reduce contingency cost between 0.43%-1.91% of the contract value.",

keywords = "Acceleration duration, Contingency cost, Infrastructure projects building, Profits, System dynamic",

author = "Waliulu, {Yusroniya Eka Putri Rachman} and Adi, {Tri Joko Wahyu}",

note = "Publisher Copyright: {\textcopyright} 2021 The Authors. Published by Elsevier B.V.; 6th Information Systems International Conference, ISICO 2021 ; Conference date: 07-08-2021 Through 08-08-2021",

year = "2021",

doi = "10.1016/j.procs.2021.12.181",

language = "English",

volume = "197",

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journal = "Procedia Computer Science",

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T1 - A system dynamic thinking for modeling infrastructure project duration acceleration

AU - Waliulu, Yusroniya Eka Putri Rachman

AU - Adi, Tri Joko Wahyu

PY - 2021

Y1 - 2021

N2 - This paper aims to determine the impact of accelerating duration on profits and contingency cost.The method using infrastructure project building in Surabaya Indonesia 2020 historical data set, followed by System Dynamic (SD) modeling and ending with a scenario of the relationship between project duration acceleration, addition profits and crashing cost.Project acceleration can improve project performance by considering the effect on profits and contingency costs,with Schedule Performance Index (SPI) up to 1.06 can increase profit between 1.05%-4.72% due to reduced in indirect costs,otherwise crashing cost will reduce contingency cost between 0.43%-1.91% of the contract value.

AB - This paper aims to determine the impact of accelerating duration on profits and contingency cost.The method using infrastructure project building in Surabaya Indonesia 2020 historical data set, followed by System Dynamic (SD) modeling and ending with a scenario of the relationship between project duration acceleration, addition profits and crashing cost.Project acceleration can improve project performance by considering the effect on profits and contingency costs,with Schedule Performance Index (SPI) up to 1.06 can increase profit between 1.05%-4.72% due to reduced in indirect costs,otherwise crashing cost will reduce contingency cost between 0.43%-1.91% of the contract value.

KW - Acceleration duration

KW - Contingency cost

KW - Infrastructure projects building

KW - Profits

KW - System dynamic

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U2 - 10.1016/j.procs.2021.12.181

DO - 10.1016/j.procs.2021.12.181

M3 - Conference article

AN - SCOPUS:85123750348

SN - 1877-0509

VL - 197

SP - 420

EP - 427

JO - Procedia Computer Science

JF - Procedia Computer Science

T2 - 6th Information Systems International Conference, ISICO 2021

Y2 - 7 August 2021 through 8 August 2021

ER -

A system dynamic thinking for modeling infrastructure project duration acceleration

Abstract

Keywords

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