Open AccessValue Engineering in Construction as Synthesis of Methodology of Investment Flows Management and Price Formation
Author(s) -
Н. В. Лазарева,
Elizaveta Kochenkova
Publication year - 2019
Publication title -
iop conference series. materials science and engineering
Language(s) - English
Resource type - Journals
eISSN - 1757-899X
pISSN - 1757-8981
DOI - 10.1088/1757-899x/661/1/012108
Subject(s) - investment (military) , value engineering , construction management , value (mathematics) , hierarchy , field (mathematics) , work (physics) , risk analysis (engineering) , engineering , economics , computer science , civil engineering , business , operations management , mathematics , mechanical engineering , machine learning , politics , political science , pure mathematics , law , market economy
Due to modern worldwide practice and investment construction and price formation analysis the necessity of application of value engineering methods is becoming as never justified at all the hierarchy levels of construction. The purpose of the work is to get a theoretical base of value engineering, which means to work out some quality model of running an investment-construction project cost-effectively, corresponding to the internal and external influences on the investment-construction activity and ensuring the ideals of the sustainability through the balance of the investment flows in the investment-construction field. Literature sources analysis are carried out to implement the goal. Methods of the system analysis and management, comparison, expert evaluation are used. Sufficient methodical base is presented in the article. The investment-construction structure is described with modern scientists’ works, the connections and correlations between the planning, financing and pricing subsystems are presented, the influence of these subsystems on the building construction subsystem is set out in the article. The investment flows are described through the structure and developed balance of the investment flows in the investment-construction field with a mathematical model. In the conclusion the necessity of application of the value engineering methods in the investment-construction field is justified and a mathematical model of synthesis of price formation and investment flows management, which is considered a theoretical base of value engineering, is formed.