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Elazouni, A M and Metwally, F G (2007) Expanding Finance-Based Scheduling to Devise Overall-Optimized Project Schedules. Journal of Construction Engineering and Management, 133(01), 86–90.

Goldenberg, M and Shapira, A (2007) Systematic Evaluation of Construction Equipment Alternatives: Case Study. Journal of Construction Engineering and Management, 133(01), 72–85.

Hanna, A S, Chang, C, Lackney, J A and Sullivan, K T (2007) Impact of Overmanning on Mechanical and Sheet Metal Labor Productivity. Journal of Construction Engineering and Management, 133(01), 22–28.

Jung, Y and Kang, S (2007) Knowledge-Based Standard Progress Measurement for Integrated Cost and Schedule Performance Control. Journal of Construction Engineering and Management, 133(01), 10–21.

Li, Y, Nie, X and Chen, S (2007) Fuzzy Approach to Prequalifying Construction Contractors. Journal of Construction Engineering and Management, 133(01), 40–49.

Liu, L and Zhu, K (2007) Improving Cost Estimates of Construction Projects Using Phased Cost Factors. Journal of Construction Engineering and Management, 133(01), 91–95.

Lucko, G, Vorster, M C and Anderson-Cook, C M (2007) Unknown Element of Owning Costs—Impact of Residual Value. Journal of Construction Engineering and Management, 133(01), 3–9.

  • Type: Journal Article
  • Keywords: Construction equipment; Cost analysis; Computer software; Sensitivity analysis;
  • ISBN/ISSN: 0733-9364
  • URL: https://doi.org/10.1061/(ASCE)0733-9364(2007)133:1(3)
  • Abstract:
    Residual value is a largely unknown element within the cost calculations for construction equipment that equipment managers are preparing. Traditional estimation methods fall short of capturing its actual nature over time in detail. In this paper we consider the current state of knowledge on residual value and on other cost elements for used heavy construction equipment as implemented in a spreadsheet tool for owning and operating cost calculation. The potential influence of the factor residual value on the total owning costs, and ultimately on total hourly rates, is examined for several different types of heavy equipment. Representative examples of cost calculations are used to perform a sensitivity analysis. Intuitive contour diagrams of the total hourly cost are introduced. The need for an extended examination of residual value of construction equipment is demonstrated using statistical tests. Residual value is found to have a statistically significant contribution to the total hourly cost.

Moussa, M, Ruwanpura, J and Jergeas, G (2007) CTAN for Risk Assessments Using Multilevel Stochastic Networks. Journal of Construction Engineering and Management, 133(01), 96–101.

Polat, G, Arditi, D and Mungen, U (2007) Simulation-Based Decision Support System for Economical Supply Chain Management of Rebar. Journal of Construction Engineering and Management, 133(01), 29–39.

Salman, A F M, Skibniewski, M J and Basha, I (2007) BOT Viability Model for Large-Scale Infrastructure Projects. Journal of Construction Engineering and Management, 133(01), 50–63.

Subprasom, K and Chen, A (2007) Effects of Regulation on Highway Pricing and Capacity Choice of a Build-Operate-Transfer Scheme. Journal of Construction Engineering and Management, 133(01), 64–71.