Skip to main content

Evaluation Methods of Investments to Mobile Applications and Smart Technology in Construction Projects

  • Conference paper
  • First Online:
Future Access Enablers for Ubiquitous and Intelligent Infrastructures (FABULOUS 2021)

Abstract

Smart technologies and solutions have represented an increasing growth in every industry over the last decade . Many of the smart solutions are focused on improvement with a view to sustainability. The basis of smart solutions is advanced technologies and interactive systems that respond to changed conditions. These technologies are increasingly being implemented in the field of construction and intelligent buildings or urban areas. The construction industry shows great possibilities for the implementation of smart and progressive technologies. However, construction projects represent a volume-intensive investment. The same applies to the implementation of smart solutions, which, however, can also provide savings. This needs to be evaluated very much. It is necessary to use evaluation methods of investments in these solutions. This paper is largely devoted to the evaluation methods of investments in mobile applications and smart technology in the construction industry. The research aims to conduct an overview of evaluation methods of investments to smart technology in construction projects. Research also describes examples of the use of specific smart solutions in the construction industry and urban planning. The output of the research is an overview of Evaluation methods of investments, which can be applied and used in assessing investments in advanced technologies in construction.

This is a preview of subscription content, log in via an institution to check access.

Access this chapter

Chapter
USD 29.95
Price excludes VAT (USA)
  • Available as PDF
  • Read on any device
  • Instant download
  • Own it forever
eBook
USD 39.99
Price excludes VAT (USA)
  • Available as EPUB and PDF
  • Read on any device
  • Instant download
  • Own it forever
Softcover Book
USD 54.99
Price excludes VAT (USA)
  • Compact, lightweight edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info

Tax calculation will be finalised at checkout

Purchases are for personal use only

Institutional subscriptions

References

  1. Kridlová-Burdová, E., Selecká, E., Vilčeková, S., Burák, D., Sedláková, A.: Evaluation of Family Houses in Slovakia Using a Building Environmental Assessment System. Sustain. Bazilej – Multidiscipl. Digit. Publish. Inst. 12(16), 1–27 (2020)

    Google Scholar 

  2. Behún, M., et al.: The impact of the manufacturing industry on the economic cycle of European Union countries. J. Compet. 10(1), 23–39 (2018)

    Google Scholar 

  3. Knapčíková, L., et al.: Material recycling of some automobile plastics waste. Przem. Chem. 95(9), 1716–1720 (2018)

    Google Scholar 

  4. Drozd, W., Leśniak, A.: Ecological wall systems as an element of sustainable development-cost issues. Sustainability 10(7), 22–34 (2018)

    Article  Google Scholar 

  5. Radziszewska-Zielina, E., Szewczyk, M.: Examples of actions that improve partnering cooperation among the participants of construction projects. IOP Conf. Ser. Mater. Sci. Eng. 25(1), 012–051 (2017). IOP Publishing

    Google Scholar 

  6. Gajzler, M., Zima, K.: Evaluation of planned construction projects using fuzzy logic. Int. J. Civil Eng. 15(4), 641–652 (2017). https://doi.org/10.1007/s40999-017-0177-8

    Article  Google Scholar 

  7. Knapčíková, L., et al.: Advanced materials based on the recycled Polyvinyl Butyral (PVB). In: MMS Conference 2017. - Ghent : EAI, pp. 1–9 (2018)

    Google Scholar 

  8. Straka, M., Hricko, M.: Software system design for solution of effective material layout for the needs of production and logistics. Wirel. Netw. J. Mob. Commun. Comput. Inf. 1–10 (2020)

    Google Scholar 

  9. Mihić, M., Vukomanović, M., Završki, I.: Review of previous applications of innovative information technologies in construction health and safety. Org. Technol. Manag. Constr. 11, 1952–1967 (2019)

    Google Scholar 

  10. Krajníková, K., Smetanková, J., Behúnová, A.: Green buildings and building information modelling. Strojárstvo extra 23(9), 1–6 (2019)

    Google Scholar 

  11. Balog, M., et al.: Productivity fluid management as a tool for saving money in manufacturing. TEM J. 5(2), 192–196 (2016)

    Google Scholar 

  12. Biolek, V., Hanák, T.: LCC estimation model: a construction material perspective. MDPI Build. SI: Life Cycle Predict. Maintenance Build. 9, 1–19 (2019). https://doi.org/10.3390/buildings9080182

    Article  Google Scholar 

  13. Korytarova, J., Hromadka, V.: Building life cycle economic impacts. In: Proceedings of the International Conference on Management and Service Science, Wuhan, China (2010)

    Google Scholar 

  14. Mesároš, P., Behúnová, A., Mandičák, T., Behún, M.: Impact of enterprise information systems on selected key performance indicators in construction project management – an empirical study. Wirel. Netw. J. Mob. Commun. Comput. Inf. (2019). ISSN 1022-0038

    Google Scholar 

  15. Gasparik, J., Funtik, T., Gasparik, M., Alamro, B.: Continuing increasing of quality management level in construction company using excellence model with software support. In: ISARC 2018 - 35th International Symposium on Automation and Robotics in Construction and International AEC/FM Hackathon: The Future of Building Things, Germany, pp. 207–213 (2018)

    Google Scholar 

  16. Radziszewska-Zielina, E.: Assessment methods of partnering relations of Polish, Slovak and Ukrainian construction enterprises with the use of fuzzy logic. Arch. Civil Eng. 1(LVII), 87–118 (2011)

    Google Scholar 

  17. Kolarić, S., Vukomanovoć, M.: Potential of BIM and ERP integration in contractor construction companies. In: Conference Proceedings: 13th International Conference on Organization, Technology and Management in Construction, Zagreb, pp. 669–673 (2017)

    Google Scholar 

  18. Knezevic, M., Cvetkovska, M., Hanák, T.: Artificial neural networks and fuzzy neural networks for solving civil engineering problems. Hindawi, Complex. 1–2 (2018). https://doi.org/10.1155/2018/8149650

  19. Gholamzadehmir, M., Del Pero, C., Buffa, S., Fedrizzi, R.: Niccolo’ Aste: Adaptive-predictive control strategy for HVAC systems in smart buildings – A review. Sustain. Urban Areas 63(2020), 102480 (2020)

    Google Scholar 

  20. Shirowzhan, S., Tan, W., Sepasgozar, S.M.E.: Digital twin and CyberGIS for improving connectivity and measuring the impact of infrastructure construction planning in smart cities. MDPI Int. J. Geo-Inf. 9(240), 1–11 (2019)

    Google Scholar 

  21. European Commission: Commission recommendation (EU) 2019/786 of 8 May 2019 on building renovation, vol. 6, pp. 34–79 (2015)

    Google Scholar 

  22. Kemp, S.: Digital 2019: Global Internet Use Accelerates (2020). https://wearesocial.com/blog/2019/01/digital-2019-global-internet-use-accelerates. Accessed 15 Oct 2020

  23. Shirowzhan, S., Tan,W., Sepasgozar, SME.: Digital twin and CyberGIS for improving connectivity and measuring the impact of infrastructure construction planning in smart cities. ISPRS Int. J. Geo-Inf. Spec. Issue Spat. Big Data BIM Adv. GIS Smart Transf. City Infrastr. Constr. 9(4), 240 (2020. https://doi.org/10.3390/ijgi9040240

  24. Kalouda, F.: Financial Analysis and Business Management. 2nd extended edn. Plzeň: Aleš Čeněk, ltd. Publishing (2016)

    Google Scholar 

  25. Valach, J.: Investment Decisions and Long-Term Financing. 3rd extended edn. Ekopress, Praha (2010)

    Google Scholar 

  26. Magni, C.A.: Average internal rate of return and investment decisions: a new perspective. Eng. Econ. 55(2), 150–180 (2010)

    Google Scholar 

  27. Fotr, J., Souček, J.: Investment Decision Making and Project Management. Grada Publishing, Praha (2011)

    Google Scholar 

  28. Maříková, P., Mařík, M.: Modern Methods of Performance Evaluation and Business Valuation: Economic Added Value: Market Added Value. Ekopress, Praha (2001)

    Google Scholar 

Download references

Acknowledgment

The article presents a partial research result of project KEGA 059TUKE-4/2019 “M-learning tool for intelligent modelling of site structure parameters in a mixed reality environment”.

This work was supported by the Slovak Research and Development Agency under the contract no. APVV-17- 0549.

Author information

Authors and Affiliations

Authors

Corresponding author

Correspondence to Annamária Behúnová .

Editor information

Editors and Affiliations

Rights and permissions

Reprints and permissions

Copyright information

© 2021 ICST Institute for Computer Sciences, Social Informatics and Telecommunications Engineering

About this paper

Check for updates. Verify currency and authenticity via CrossMark

Cite this paper

Mandičák, T., Mésároš, P., Behúnová, A., Behún, M., Tkáč, M. (2021). Evaluation Methods of Investments to Mobile Applications and Smart Technology in Construction Projects. In: Perakovic, D., Knapcikova, L. (eds) Future Access Enablers for Ubiquitous and Intelligent Infrastructures. FABULOUS 2021. Lecture Notes of the Institute for Computer Sciences, Social Informatics and Telecommunications Engineering, vol 382. Springer, Cham. https://doi.org/10.1007/978-3-030-78459-1_28

Download citation

  • DOI: https://doi.org/10.1007/978-3-030-78459-1_28

  • Published:

  • Publisher Name: Springer, Cham

  • Print ISBN: 978-3-030-78458-4

  • Online ISBN: 978-3-030-78459-1

  • eBook Packages: Computer ScienceComputer Science (R0)

Publish with us

Policies and ethics