Open AccessAnalysis on improving operational efficiency of construction project site
Author(s) -
P Muralidhar
Publication year - 2018
Publication title -
independent journal of management and production
Language(s) - English
Resource type - Journals
ISSN - 2236-269X
DOI - 10.14807/ijmp.v9i3.686
Subject(s) - operational efficiency , profitability index , operational costs , operational effectiveness , computer science , profit (economics) , cost reduction , operations management , business , environmental economics , operations research , risk analysis (engineering) , finance , marketing , economics , engineering , microeconomics
Operational efficiency directly reflects the profitability of a project. It is for benefit of a construction site. The current research paper focus on high operational efficiency by reducing waste, better layout planning, sound administration, business practices an, review of existing facilities etc. To improve the operational efficiency will enhance the profit by adding the value to the project in the form of cost reduction in internal transportation, utilization of existing facilities effectively. The study adopted the Computerized Relative Allocation of Facilities Techniques (CRAFT) and computerized relationship planning (CORELAP) algorithm to analyze the operational efficiency.