Prince Boateng, Temitope Omotayo, Temidayo Osunsanmi and Damilola Ekundayo
The inherent risks and their interactive impacts in megaproject development have been found in numerous cases worldwide. Although risk management standards have been recommended…
Abstract
Purpose
The inherent risks and their interactive impacts in megaproject development have been found in numerous cases worldwide. Although risk management standards have been recommended for the best practice in engineering construction projects, there is still a lack of systematic approaches to describing the interactions. Interactions such as social, technical, economic, ecological and political (STEEP) risks have complex and dynamic implications for megaproject construction. For a better understanding and effective management of megaprojects such as the Edinburgh Tram project, the dynamic interaction of concomitant risks must be studied.
Design/methodology/approach
A systems dynamic methodology was adopted following the comprehensive literature review. Documentary data were gathered from the case study on Tram Network Project in Edinburgh.
Findings
A casual loop of typical evolution of key indicators of risks was then developed. A hypothesised model of social and ecological (SE) risks was derived using the system dynamics (SD) modelling technique. The model was set up following British Standards on risk management to provide a generic tool for risk management in megaproject development. The study reveals that cost and time overruns at the developmental stage of the case project are caused mainly by the effects of interactions of risk factors from the external macro project environment on a timely basis.
Originality/value
This article presented a model for simulating the socio-ecological risk confronting the management and construction of megaprojects. The use of SD provided the opportunity to explain the nature of all risks, particularly the SE risks in the past stages of project development.
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Vincent Uwaifiokun Aihie, Abiodun Kolawole Oyetunji, Temitope Omotayo and Damilola Ekundayo
Income from investment properties can fluctuate depending on the state of the economy. The idea that there is always a potential exit (sale) value whenever the property stops…
Abstract
Purpose
Income from investment properties can fluctuate depending on the state of the economy. The idea that there is always a potential exit (sale) value whenever the property stops performing at its optimum or deflation in the economy will always appeal to investors. To determine housing prices, investors would rely on a direct comparison approach (DCA) of recent substitute sales in the open market. Appraisers use this approach to develop an opinion of value when there is a plethora of recent sales to analyse.
Design/methodology/approach
The study was designed to establish the use of the analytical hierarchy process (AHP) approach as a support tool for deciding property appraisals. A case study of an industrial single-storey stand-alone building with grade-level parking in the south-east of Calgary, Canada, was investigated with the AHP approach. The result was cross-referenced with the DCA.
Findings
Using a consistency index of 0.077321 and a consistency ratio of 0.085912, the matrix multiplication was determined to be 0.456706. The average valuations derived from the adjusted price per square foot using the direct comparison method and the unadjusted price per square foot using the AHP were deemed the best value estimate in the light of available comparables. The implications of the findings suggest that AHP, as a quantitative technique, can support and validate the use of similar non-recent sale comparables when appraising investment properties with the DCA.
Originality/value
AHP is an alternative aid in quantitatively deciding the most significant value attribute for comparison before subjective adjustments. When intuitively applied in the DCA, these subjective adjustments almost always lead to an overvaluation of properties.
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Temitope Egbelakin, Temitope Omotayo, Olabode Emmanuel Ogunmakinde and Damilola Ekundayo
Flood preparedness and response from the perspective of community engagement mechanisms have been studied in scholarly articles. However, the differences in flood mitigation may…
Abstract
Purpose
Flood preparedness and response from the perspective of community engagement mechanisms have been studied in scholarly articles. However, the differences in flood mitigation may expose social and behavioural challenges to learn from. This study aimed to demonstrate how text mining can be applied in prioritising existing contexts in community-based and government flood mitigation and management strategies.
Design/methodology/approach
This investigation mined the semantics researchers ascribed to flood disasters and community responses from 2001 to 2022 peer-reviewed publications. Text mining was used to derive frequently used terms from over 15 publications in the Scopus database and Google Scholar search engine after an initial output of 268 peer-reviewed publications. The text-mining process applied the topic modelling analyses on the 15 publications using the R studio application.
Findings
Topic modelling applied through text mining clustered four (4) themes. The themes that emerged from the topic modelling process were building adaptation to flooding, climate change and resilient communities, urban infrastructure and community preparedness and research output for flood risk and community response. The themes were supported with geographical flood risk and community mitigation contexts from the USA, India and Nigeria to provide a broader perspective.
Originality/value
This study exposed the deficiency of “communication, teamwork, responsibility and lessons” as focal themes of flood disaster management and response research. The divergence in flood mitigation in developing nations as compared with developed nations can be bridged through improved government policies, technologies and community engagement.
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Ayodeji Emmanuel Oke, Ahmed Farouk Kineber, Oluwaseun Akindele and Damilola Ekundayo
To realize full benefits without sacrificing the practicality of such projects, the decision-making process for residential building construction needs to include sustainability…
Abstract
Purpose
To realize full benefits without sacrificing the practicality of such projects, the decision-making process for residential building construction needs to include sustainability principles at every level. Therefore, this paper aims to investigate the applicability of radio frequency identification (RFID) and identify the barriers that impede its successful adoption in construction projects to achieve sustainability.
Design/methodology/approach
This paper opted for a quantitative approach by using a structured questionnaire survey. A total of 107 responses were collected from Nigerian construction practitioners involved in private and public construction businesses.
Findings
The results showed the high cost of RFID implementation, with a mean score of 4.42 as the top-ranked barrier, followed by lack of security, maintenance, power availability and inadequate training. This study further deployed Ginni’s mean difference measure of dispersion and revealed that the stationary barrier to adopting RFID technology is the lack of demand.
Practical implications
The findings of this research can assist decision-makers in improving the sustainability of all building projects by implementing RFID.
Originality/value
The findings of this study will serve as the basis for comprehension and critically evaluate the numerous barriers preventing the widespread adoption of RFID technology.