An innovative framework for integrating Cost-Benefit Analysis (CBA) within Building Information Modeling (BIM)

Biancardo, Salvatore Antonio; Gesualdi, Michele; Savastano, Davide; Intignano, Mattia; Henke, Ilaria; Pagliara, Francesca

doi:10.1016/j.seps.2022.101495

Cited by 16 publications

(7 citation statements)

References 26 publications

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“…The CBA, however, considers both the financial and non-financial benefits of an investment, such as enhanced safety (Ardani et al, 2022). CBA provides a more comprehensive analysis of both financial and non-financial implications of BIM adoption, whereas ROI measures financial benefits such as reduced construction costs and improved productivity (Biancardo et al, 2023;Love et al, 2013).…”

Section: Quantification Of Building Information Modelling Investment ...mentioning

confidence: 99%

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Quantifying BIM investment value: a systematic review

Gharaibeh,

Eriksson,

Lantz

2024

JEDT

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Purpose Perceived benefits of building information modelling (BIM) have been discussed for some time, but cost–benefit benchmarking has been inconsistent. The purpose of this paper is to investigate BIM feasibility and evaluate investment worth to elucidate and develop the current understanding of BIM merit. The aim of the study is to propose a research agenda towards a more holistic perspective of BIM use incorporating quantifying investment return. Design/methodology/approach An in-depth examination of research patterns has been conducted to identify challenges in the assessment of the investment value and return on investment (ROI) for BIM in the construction industry. A total of 75 research articles were considered for the final literature review. An evaluation of the literature is conducted using a combination of bibliometric analysis and systematic reviews. Findings This study, which analysed 75 articles, unveils key findings in quantifying BIM benefits, primarily through ROI calculation. Two major research gaps are identified: the absence of a standardized BIM ROI method and insufficient exploration of intangible benefits. Research focus varies across phases, emphasizing design and construction integration and exploring post-construction phases. The study categorizes quantifiable factors, including productivity, changes and rework reduction, requests for information reduction, schedule efficiency, safety, environmental sustainability and operations and facility management. These findings offer vital insights for researchers and practitioners, enhancing understanding of ’BIM’s financial benefits and signalling areas for further exploration in construction. Originality/value The ’study’s outcomes offer the latest insights for researchers and practitioners to create effective approaches for quantifying ’BIM’s financial benefits. Additionally, the proposed research agenda aims to improve the current limited understanding of BIM feasibility and investment worth evaluation. Results of the study could assist practitioners in overcoming limitations associated with BIM investment and economic evaluations in the construction industry.

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Section: Quantification Of Building Information Modelling Investment ...mentioning

confidence: 99%

“…Nevertheless, the analysis showed that few studies applied the CBA and presented numerical results. The majority of the articles examined the CBA concept from a theoretical lens with qualitative results (Biancardo et al, 2023;Hussain et al, 2023;Zhang et al, 2022).…”

Section: Quantification Of Building Information Modelling Investment ...mentioning

confidence: 99%

Quantifying BIM investment value: a systematic review

Gharaibeh,

Eriksson,

Lantz

2024

JEDT

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“…The freight transport price is about 28% of the total good delivery cost average [5]. Transportation prices are high in the production process, and scholars have always planned to decrease the costs [6,7]. American state and local governments spend billions on transportation costs.…”

Section: Literature Reviewmentioning

confidence: 99%

Locating Transportation Logistics Centers and Their Dynamic Synergy for Equilibrium Economic Behavior

Guo,

Shahraki

2023

Sustainability

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Locating transportation logistics centers (TLCs) is significant in organizing and easing the shipment of commodities. By choosing the right place and building a brand TLC, various producers and trade companies will benefit from its services. This paper applies the Euclidean theorem and graph theory to select an optimal place. Because the price of transportation services is an important challenge, this article shows ways to reduce it for the companies that are customers of the TLC. This study hypothesizes that a TLC network standardizes and improves services and reduces prices and after the building of Iranshahr’s TLC, our aim is to synergize and connect it with a network of TLCs. Case studies were carried out on the building of a network of TLCs with four nodes in Coburg, Ashgabat, Iranshahr, and Chabahar. The novelty of this research is in the method used, which studies TLCs in two statuses—separately and with a network. The research includes, simultaneously, TLCs in both developed and developing economies with various socioeconomic formations. The paper analyses, methodologically, the economic behavior of the TLCs in the two situations using a mathematical model. The model uses two Lagrange target functions to prove that the network decreases prices while improving presented services. We found that multimodal cargo transportation by one TLC within a network of TLCs decreases the costs of transportation services and that the TLC network improved economies of scale through knowledge, technology, and experience synergy. The outcomes and model of this study will assist transportation planners and engineers in building and managing a TLC and including it in a network.

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“…This approach enables to explore and validate different design ideas and what-if scenarios: for instance, in 2021, the implementation of cost-benefit analysis has been integrated into a BIM workflow to prove the visual impact on the design alternatives of a high-speed rail in southern Italy [11].…”

Section: Introductionmentioning

confidence: 99%

VIASTRATA®: The New Frontiers of BIM for the Digitalisation and Management of Infrastructures

Antonio Biancardo,

Intignano,

De Paola

et al. 2024

Recent Topics in Highway Engineering - Up-to-Date Overview of Practical Knowledge [Working Title]

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Building information modelling for infrastructure (I-BIM) is used for creating and managing data during the design, construction, and operations process of roads, railways, and airports. I-BIM integrates multi-disciplinary data to create detailed digital representations that are managed in an open cloud platform for real-time collaboration. The newly founded university spin-off VIASTRATA aims to develop digital information management methods and tools for the design and construction of roads, railways, airports and hydraulic works. Its scope also includes interventions on existing constructions and ultimately aims to the creation and products with high technological value and innovative BIM services. The chapter covers structured and innovative methodologies for designing, modelling and managing transport and hydraulic infrastructures leveraging BIM. To this end, the operation of an algorithm developed in visual programming language that realises the parametric model of a road dynamically from data contained in a spreadsheet is described.

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An innovative framework for integrating Cost-Benefit Analysis (CBA) within Building Information Modeling (BIM)

Cited by 16 publications

References 26 publications

Quantifying BIM investment value: a systematic review

Quantifying BIM investment value: a systematic review

Locating Transportation Logistics Centers and Their Dynamic Synergy for Equilibrium Economic Behavior

VIASTRATA®: The New Frontiers of BIM for the Digitalisation and Management of Infrastructures

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