Regulators require financial institutions to estimate counterparty default risks from liquid CDS quotes for the valuation and risk management of OTC derivatives. However, the vast majority of counterparties do not have liquid CDS quotes and need proxy CDS rates. Existing methods cannot account for counterparty-specific default risks; we propose to construct proxy CDS rates by associating to ill...

High-rise buildings are commonly built in densely populated countries or urban areas. A balanced floor construction cycle is critical for construction of the frame structures. The objectives in scheduling the floor cycle are to ensure smooth flows of resources and to optimise the use of formwork and other materials. The floor area is usually divided into zones to allow the labour force and form...

Problems in construction management are complex, full of uncertainty, and vary with environment. Fuzzy logic (FL), neural networks (NNs), and genetic algorithms (GAs) have been successfully applied in construction management to solve various kinds of problems. Considering the characteristics and merits of each method, this paper combines the above three techniques to develop an Evolutionary Fuz...

The recognition that knowledge is one of an enterprise’s most important assets, decisively influencing its competitiveness, has attracted interest in comprehensive approaches to the basis activities of Knowledge Management (KM) and corporate memories. During the design, construction and operation of any facility knowledge is gained and lessons are learned. Over time, organisations involved in t...

This paper reviews the application of distributed artificial intelligence (DAI) techniques in the construction industry. DAI is concerned with understanding and modelling action and knowledge in collaborative and geographically distributed enterprises. The metaphor of a functionally distributed organisation immediately makes DAI techniques suitable for solving some of the complex problems often...

A program of field loading tests was conducted to measure the axial response of drilled foundations constructed using a variety of different drilling techniques. The research was performed at the Auburn University National Geotechnical Experimentation Site at Spring Villa, Alabama in Piedmont geology composed of silty soils formed by weathering of parent metamorphic rocks. A total of 10 drilled...

The use of virtual reality techniques in the development of educational applications brings new perspectives to the teaching of subjects related to the field of civil construction. In order to obtain models, which would be able to visually simulate the construction process of two types of construction work, the research turned to the techniques of geometric modeling and virtual reality. The app...

The use of virtual reality techniques in the development of educational applications brings new perspectives to the teaching of subjects related to the field of civil construction. In order to obtain models, which would be able to visually simulate the construction process of two types of construction work, the research turned to the techniques of geometric modelling and virtual reality. The ap...

The use of virtual reality techniques in the development of educational applications brings new perspectives to the teaching of subjects related to the field of civil construction. In order to obtain models, which would be able to visually simulate the construction process of two types of construction work, the research turned to the techniques of geometric modeling and virtual reality. The app...