| Title |
Mathematical Model for Profitability Analysis of Inhabited Condition Remodeling Project |
| Authors |
Paik, Hwa-Sook ; Kim, Kyung-Hwan |
| DOI |
http://dx.doi.org/10.5659/JAIK_SC.2015.31.4.119 |
| Keywords |
Remodeling ; Inhabited Condition ; Profitability |
| Abstract |
Construction method of remodeling can be classified into two ways: remodeling of inhabited condition and vacancy remodeling. The advantage of remodeling of inhabited condition is continuous revenue income during construction period. Considering high vacancy rate of current commercial buildings, it also has benefit of low risk of losing good tenants and attracting new tenants. There are a number of ways to execute the remodeling depending on the setting of the work area and the tenants’ area. Therefore, this study calculate the earnings from leasing on construction methods of remodeling. Revenue calculation scheme is divided into three sections: not implemented construction area of construction, construction completion of the construction zone, after completion of a construction zone. And This study analyze the profitability of those remodeling methods and suggest a selection method of construction. |