Compared with developed countries, the research on modern urban renewal in China is relatively late. However, with the landing of more and more projects in recent years, since Guangzhou, Shenzhen and other places took the lead in urban renewal, urban renewal has gradually entered a period of market-oriented and diversified operation. In recent years, under the influence of urban renewal strategy, the construction of old residential renovation projects is in full swing. In order to reduce the risk of construction, the construction unit often selects EPC project general contracting mode as the contract form of old residential renovation projects. However, the EPC project general contracting mode not only reduces the investment risk of the construction unit, but also greatly improves the difficulty of the general contracting unit's cost management of the renovation project of the old residential area. In order to complete the renovation project of the old residential area within the range of the budget estimate approved by the government and obtain the expected social benefits, cost management has become the control point of the project management of the EPC project general contractor. Based on the perspective of the general contractor, this paper takes the renovation project of the old residential area under EPC mode as the research object, uses AHP and fuzzy comprehensive evaluation method to evaluate the project cost management, analyzes the deficiencies in the actual cost management and puts forward countermeasures and suggestions.
{"title":"Research on Cost Management Evaluation of Urban Renewal Projects under EPC Mode","authors":"Liang Bo, Yang Ying","doi":"10.22158/ibes.v6n2p266","DOIUrl":"https://doi.org/10.22158/ibes.v6n2p266","url":null,"abstract":"Compared with developed countries, the research on modern urban renewal in China is relatively late. However, with the landing of more and more projects in recent years, since Guangzhou, Shenzhen and other places took the lead in urban renewal, urban renewal has gradually entered a period of market-oriented and diversified operation. In recent years, under the influence of urban renewal strategy, the construction of old residential renovation projects is in full swing. In order to reduce the risk of construction, the construction unit often selects EPC project general contracting mode as the contract form of old residential renovation projects. However, the EPC project general contracting mode not only reduces the investment risk of the construction unit, but also greatly improves the difficulty of the general contracting unit's cost management of the renovation project of the old residential area. In order to complete the renovation project of the old residential area within the range of the budget estimate approved by the government and obtain the expected social benefits, cost management has become the control point of the project management of the EPC project general contractor. Based on the perspective of the general contractor, this paper takes the renovation project of the old residential area under EPC mode as the research object, uses AHP and fuzzy comprehensive evaluation method to evaluate the project cost management, analyzes the deficiencies in the actual cost management and puts forward countermeasures and suggestions.","PeriodicalId":343833,"journal":{"name":"International Business & Economics Studies","volume":"43 25","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-04-23","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140667226","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Digital infrastructure serves as a significant catalyst for economic advancement, capable of narrowing the digital gap that exists between urban, rural, and regional areas. And it enables more people to enjoy the convenience brought by digitalization, and promote social inclusion and equality. This study employs the "Broadband China" strategy as a quasi-natural experiment and employs a progressive Difference-in-Differences (DID) model to investigate the effects of digital infrastructure on increasing farmers' income. The findings of the study indicate that the development of digital infrastructure can assist in increasing farmers’ income. The establishment of digital infrastructure has greatly facilitated industrial rationalization, non-agricultural employment and human capital improvement in rural areas, provided farmers with more business opportunities and employment options, and contributed to the realization of rural revitalization and common prosperity. This research provides empirical support to gain a more profound insight into the significance of digital advancement to rural economic growth, and also provides a useful reference for relevant policy formulation.
{"title":"Digital Infrastructure and Increasing Farmers’ Income: A Quasi-Natural Experiment Based on the “Broadband China” Strategy","authors":"Yimeng Yang","doi":"10.22158/ibes.v6n2p237","DOIUrl":"https://doi.org/10.22158/ibes.v6n2p237","url":null,"abstract":"Digital infrastructure serves as a significant catalyst for economic advancement, capable of narrowing the digital gap that exists between urban, rural, and regional areas. And it enables more people to enjoy the convenience brought by digitalization, and promote social inclusion and equality. This study employs the \"Broadband China\" strategy as a quasi-natural experiment and employs a progressive Difference-in-Differences (DID) model to investigate the effects of digital infrastructure on increasing farmers' income. The findings of the study indicate that the development of digital infrastructure can assist in increasing farmers’ income. The establishment of digital infrastructure has greatly facilitated industrial rationalization, non-agricultural employment and human capital improvement in rural areas, provided farmers with more business opportunities and employment options, and contributed to the realization of rural revitalization and common prosperity. This research provides empirical support to gain a more profound insight into the significance of digital advancement to rural economic growth, and also provides a useful reference for relevant policy formulation.","PeriodicalId":343833,"journal":{"name":"International Business & Economics Studies","volume":"100 s2","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-04-16","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140695061","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
The article summarized 363 literature on data assets in the CNKI and WOS databases and conducted a knowledge map analysis using CiteSpace. The research found that the study of data assets at home and abroad is continuously growing, but there are differences in origins, content, and hotspots. Foreign research focuses on areas such as big data, data governance, machine learning, and the Internet, while domestic research focuses on data assets, the digital economy, data transactions, and accounting. Domestic research is gradually expanding to include data middle platforms and asset confirmation, while foreign research focuses on the Internet and artificial intelligence. This analysis helps grasp the research trends and hotspots in the field of data assets, promoting cooperation and knowledge sharing.
{"title":"Analysis of Hotspots and Trends in Domestic and International Data Asset Research: A Knowledge Graph Analysis Based on CiteSpace","authors":"Jingyi Ye","doi":"10.22158/ibes.v6n2p230","DOIUrl":"https://doi.org/10.22158/ibes.v6n2p230","url":null,"abstract":"The article summarized 363 literature on data assets in the CNKI and WOS databases and conducted a knowledge map analysis using CiteSpace. The research found that the study of data assets at home and abroad is continuously growing, but there are differences in origins, content, and hotspots. Foreign research focuses on areas such as big data, data governance, machine learning, and the Internet, while domestic research focuses on data assets, the digital economy, data transactions, and accounting. Domestic research is gradually expanding to include data middle platforms and asset confirmation, while foreign research focuses on the Internet and artificial intelligence. This analysis helps grasp the research trends and hotspots in the field of data assets, promoting cooperation and knowledge sharing.","PeriodicalId":343833,"journal":{"name":"International Business & Economics Studies","volume":"46 32","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-04-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140701668","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
In the context of digital taxation, constructing an enterprise financial compliance management system is an important means to ensure compliance with tax regulations, optimize tax management, and improve economic efficiency. As a crucial component of modern tax administration, "digital taxation" imposes new requirements on enterprise financial compliance management. This paper aims to explore how to construct an effective enterprise financial compliance management system under the backdrop of "digital taxation" to enhance the quality of accounting information and financial compliance, thereby reducing financial and tax risks and promoting the sustainable development of enterprises.
{"title":"Construction of Enterprise Financial Compliance Management System in the Context of Digital Taxation","authors":"Guizi Li, Binhui Guo","doi":"10.22158/ibes.v6n2p200","DOIUrl":"https://doi.org/10.22158/ibes.v6n2p200","url":null,"abstract":"In the context of digital taxation, constructing an enterprise financial compliance management system is an important means to ensure compliance with tax regulations, optimize tax management, and improve economic efficiency. As a crucial component of modern tax administration, \"digital taxation\" imposes new requirements on enterprise financial compliance management. This paper aims to explore how to construct an effective enterprise financial compliance management system under the backdrop of \"digital taxation\" to enhance the quality of accounting information and financial compliance, thereby reducing financial and tax risks and promoting the sustainable development of enterprises.","PeriodicalId":343833,"journal":{"name":"International Business & Economics Studies","volume":"1 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-04-10","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140717041","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
With sustainable tourism and escalating food demands, vertical farming emerges as a pivotal innovation that bridges agricultural sustainability and tourism. This paper explores the role of tourist engagement at vertical farms in promoting sustainability awareness, altering perceptions of naturalness of vertical farm agricultural products, and shaping purchase intentions for these products. Utilizing Consumer Socialization Theory (CST) as a framework, the study delves into how tourist engagement at vertical farms can serve as a catalyst for enhancing the appeal and acceptance of sustainable agricultural practices. A cross sectional survey of 558 tourists in Malaysia and the Greater Bay Area of China was conducted using a quantitative approach. A Structural Equation Model (SEM) analysis revealed that tourist engagement significantly increases sustainability awareness and perceived naturalness, which, in turn, positively impacts purchase intentions. Interestingly, while tourist engagement directly increases purchase intentions, sustainability awareness does not directly increase purchase intentions, underscoring the nuanced role perceived naturalness plays in the decision making process. The findings underscore the importance of integrating vertical farming into the tourism experience as a strategy for promoting sustainable agricultural practices and increasing consumer acceptance. This study enriches the discourse on sustainable tourism's role in advancing sustainable agriculture, providing key insights for stakeholders in both the tourism and agriculture sectors to foster environmental stewardship and sustainable consumer behavior.
{"title":"Tourist Engagement and Perceived Naturalness: Unveiling the Pathways to Sustainable Tourism and Purchase Intentions in Vertical Farming","authors":"Yuxin Chen, E. Huang, Peizhou Huang","doi":"10.22158/ibes.v6n2p124","DOIUrl":"https://doi.org/10.22158/ibes.v6n2p124","url":null,"abstract":"With sustainable tourism and escalating food demands, vertical farming emerges as a pivotal innovation that bridges agricultural sustainability and tourism. This paper explores the role of tourist engagement at vertical farms in promoting sustainability awareness, altering perceptions of naturalness of vertical farm agricultural products, and shaping purchase intentions for these products. Utilizing Consumer Socialization Theory (CST) as a framework, the study delves into how tourist engagement at vertical farms can serve as a catalyst for enhancing the appeal and acceptance of sustainable agricultural practices. A cross sectional survey of 558 tourists in Malaysia and the Greater Bay Area of China was conducted using a quantitative approach. A Structural Equation Model (SEM) analysis revealed that tourist engagement significantly increases sustainability awareness and perceived naturalness, which, in turn, positively impacts purchase intentions. Interestingly, while tourist engagement directly increases purchase intentions, sustainability awareness does not directly increase purchase intentions, underscoring the nuanced role perceived naturalness plays in the decision making process. The findings underscore the importance of integrating vertical farming into the tourism experience as a strategy for promoting sustainable agricultural practices and increasing consumer acceptance. This study enriches the discourse on sustainable tourism's role in advancing sustainable agriculture, providing key insights for stakeholders in both the tourism and agriculture sectors to foster environmental stewardship and sustainable consumer behavior.","PeriodicalId":343833,"journal":{"name":"International Business & Economics Studies","volume":"1071 ","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-04-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140748957","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
The rapid development of Internet technology, so that many merchants have to take advantage of the e-commerce platform audience to carry out the online business, although achieved a certain sales effect, but not ideal, the main reason is that the operation and promotion strategy of the online store is not in-depth study. Online store only find in line with their own operation and promotion strategy, in order to form their own radiation effect, and ultimately realize the operational goals. This study discusses the operation and promotion strategy of Liuli online store in depth, hoping that the operators can change their thinking and flexibly apply various operation and promotion strategies of online store according to the specific situation, so as to promote the good operation and development of online store. It is hoped that this study can provide reference for online store operators.
{"title":"JiXiao Glaze Online Store Operation and Promotion Strategy to Discuss","authors":"Guohua Song, Hao Yan, Naiwen Bo, Qiaoying Ming","doi":"10.22158/ibes.v6n2p156","DOIUrl":"https://doi.org/10.22158/ibes.v6n2p156","url":null,"abstract":"The rapid development of Internet technology, so that many merchants have to take advantage of the e-commerce platform audience to carry out the online business, although achieved a certain sales effect, but not ideal, the main reason is that the operation and promotion strategy of the online store is not in-depth study. Online store only find in line with their own operation and promotion strategy, in order to form their own radiation effect, and ultimately realize the operational goals. This study discusses the operation and promotion strategy of Liuli online store in depth, hoping that the operators can change their thinking and flexibly apply various operation and promotion strategies of online store according to the specific situation, so as to promote the good operation and development of online store. It is hoped that this study can provide reference for online store operators.","PeriodicalId":343833,"journal":{"name":"International Business & Economics Studies","volume":"196 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-04-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140746580","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
As a standard for measuring corporate sustainability and long-term value growth investment, corporate ESG performance is of great significance for evaluating corporate sustainability, guiding investment decisions and promoting corporate improvement. Based on the sample of A-share listed companies in Shanghai and Shenzhen that have obtained SynTao Green Finance’s ESG rating from 2011 to 2021, this paper empirically examines the role of corporate ESG performance on green investment based on the theory of “stakeholders” and the theory of “sustainable development”. The results show that: (1) good ESG performance can significantly improve the level of environmental investment, and this conclusion is still valid under a series of robustness tests; (2) The mechanism test shows that good ESG performance can expand the scale of enterprises and indirectly promote corporate green investment; (3) The intermediary mechanism test shows that there is a partial mediating effect of managerial risk appetite (Mrip) on ESG performance in environmental investment. In the new stage of accelerating the green transformation of China’s industry, Chinese enterprises urgently need to improve the green financial system, accelerate the process of green transformation, and help achieve the goals of “carbon peak” and “carbon neutrality”.
{"title":"The Impact of Corporate ESG Performance on Environmental Investment","authors":"Yuxi Qi, Ruimin Wang, Ruiqi Wang","doi":"10.22158/ibes.v6n1p99","DOIUrl":"https://doi.org/10.22158/ibes.v6n1p99","url":null,"abstract":"As a standard for measuring corporate sustainability and long-term value growth investment, corporate ESG performance is of great significance for evaluating corporate sustainability, guiding investment decisions and promoting corporate improvement. Based on the sample of A-share listed companies in Shanghai and Shenzhen that have obtained SynTao Green Finance’s ESG rating from 2011 to 2021, this paper empirically examines the role of corporate ESG performance on green investment based on the theory of “stakeholders” and the theory of “sustainable development”. The results show that: (1) good ESG performance can significantly improve the level of environmental investment, and this conclusion is still valid under a series of robustness tests; (2) The mechanism test shows that good ESG performance can expand the scale of enterprises and indirectly promote corporate green investment; (3) The intermediary mechanism test shows that there is a partial mediating effect of managerial risk appetite (Mrip) on ESG performance in environmental investment. In the new stage of accelerating the green transformation of China’s industry, Chinese enterprises urgently need to improve the green financial system, accelerate the process of green transformation, and help achieve the goals of “carbon peak” and “carbon neutrality”.","PeriodicalId":343833,"journal":{"name":"International Business & Economics Studies","volume":"34 11","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-01-26","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139594260","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
With the rapid development of the Digital economy, the Digital transformation of enterprises has become a new trend, and the effective promotion of the Digitalization of the enterprise is the key to the high-quality development of China’s economy. Through web crawler crawling data of Shanghai and Shenzhen A-share listed companies from 2011 to 2019 to investigate the role of regional FinTech in Digital transformation of enterprises, using text mining methods. The empirical results show that FinTech has a significant positive effect on Digital transformation of enterprises. After robustness tests such as reducing endogenous problems and replacing samples, the conclusions are still robust; Fintech reduces the information asymmetry between financial institutions and enterprises, alleviates the financing constraints of enterprises, and improves the efficiency of credit allocation by accelerating credit approval, thus promoting the Digital transformation of enterprises; In small and medium-sized private enterprises, FinTech has a more obvious effect on promoting enterprises’ Digital transformation; In the more economically backward Middle West, FinTech can also play its role.
{"title":"Financial Technology and Digital Transformation of Enterprises—A Perspective of Financing Constraints and Credit Rationing","authors":"Qinchun Mu","doi":"10.22158/ibes.v6n1p79","DOIUrl":"https://doi.org/10.22158/ibes.v6n1p79","url":null,"abstract":"With the rapid development of the Digital economy, the Digital transformation of enterprises has become a new trend, and the effective promotion of the Digitalization of the enterprise is the key to the high-quality development of China’s economy. Through web crawler crawling data of Shanghai and Shenzhen A-share listed companies from 2011 to 2019 to investigate the role of regional FinTech in Digital transformation of enterprises, using text mining methods. The empirical results show that FinTech has a significant positive effect on Digital transformation of enterprises. After robustness tests such as reducing endogenous problems and replacing samples, the conclusions are still robust; Fintech reduces the information asymmetry between financial institutions and enterprises, alleviates the financing constraints of enterprises, and improves the efficiency of credit allocation by accelerating credit approval, thus promoting the Digital transformation of enterprises; In small and medium-sized private enterprises, FinTech has a more obvious effect on promoting enterprises’ Digital transformation; In the more economically backward Middle West, FinTech can also play its role.","PeriodicalId":343833,"journal":{"name":"International Business & Economics Studies","volume":"124 28","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-01-23","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139605020","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
This article reflects the results of the research conducted within the framework of determining directions for increasing the attractiveness of the investment environment of the regions. In the first part of the study, the scientific-theoretical foundations of increasing the attractiveness of the investment environment, including the content of categories closely related to each other such as “investment environment”, “investment climate” and “attractiveness of the investment environment” by scientists of the national investment policy school, as well as the scientific- theoretical views are explored. In the second part of the article, directions for increasing the efficiency of investment projects in the regions, including the analysis of investment projects in the Youth Industrial and Entrepreneurship Zones in Uzbekistan, and the possibilities of using financial incentives to increase the attractiveness of the investment environment of the regions, including the methods of granting tax and customs incentives and recommendations for increasing their efficiency, are developed.
{"title":"Directions for Inproving the Invertment Environment and Increasing the Efficiency of Investment Projects in the Regions on the Example of the Republic of Uzbekistan","authors":"Mukhamаdzhanov Shakhriyor","doi":"10.22158/ibes.v6n1p57","DOIUrl":"https://doi.org/10.22158/ibes.v6n1p57","url":null,"abstract":"This article reflects the results of the research conducted within the framework of determining directions for increasing the attractiveness of the investment environment of the regions. In the first part of the study, the scientific-theoretical foundations of increasing the attractiveness of the investment environment, including the content of categories closely related to each other such as “investment environment”, “investment climate” and “attractiveness of the investment environment” by scientists of the national investment policy school, as well as the scientific- theoretical views are explored. In the second part of the article, directions for increasing the efficiency of investment projects in the regions, including the analysis of investment projects in the Youth Industrial and Entrepreneurship Zones in Uzbekistan, and the possibilities of using financial incentives to increase the attractiveness of the investment environment of the regions, including the methods of granting tax and customs incentives and recommendations for increasing their efficiency, are developed.","PeriodicalId":343833,"journal":{"name":"International Business & Economics Studies","volume":"36 40","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-01-09","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139442707","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
In recent years, the slow development of engineering construction management in China has been attributed to outdated management models and low level of informatization. To address the deficiencies in project cost management, relevant departments have proposed the application of BIM technology. BIM technology encompasses a wide range of areas, including planning, construction processes, and cost management. It enables the simulation of these processes to create dynamic real-time building models. Additionally, BIM technology facilitates the rapid transmission of various information during the construction process, thereby improving the overall efficiency of the construction project. Information technology has become ubiquitous in people’s daily lives, and this foundation has led to the emergence of smart buildings. The operation and development of smart building projects require effective project cost management. Accurate cost estimation can help construction enterprises effectively control project costs and increase economic benefits. However, many companies still rely on traditional methods such as manual measurement based on drawings, bill of quantities, or engineering rates, which often lead to calculation errors. The application of BIM technology in project cost management can help alleviate this problem.
{"title":"The Exploration of the Application and Management of Project Cost in Smart Buildings Using BIM Technology","authors":"Tingting Nie, Bo Liang","doi":"10.22158/ibes.v6n1p35","DOIUrl":"https://doi.org/10.22158/ibes.v6n1p35","url":null,"abstract":"In recent years, the slow development of engineering construction management in China has been attributed to outdated management models and low level of informatization. To address the deficiencies in project cost management, relevant departments have proposed the application of BIM technology. BIM technology encompasses a wide range of areas, including planning, construction processes, and cost management. It enables the simulation of these processes to create dynamic real-time building models. Additionally, BIM technology facilitates the rapid transmission of various information during the construction process, thereby improving the overall efficiency of the construction project. Information technology has become ubiquitous in people’s daily lives, and this foundation has led to the emergence of smart buildings. The operation and development of smart building projects require effective project cost management. Accurate cost estimation can help construction enterprises effectively control project costs and increase economic benefits. However, many companies still rely on traditional methods such as manual measurement based on drawings, bill of quantities, or engineering rates, which often lead to calculation errors. The application of BIM technology in project cost management can help alleviate this problem.","PeriodicalId":343833,"journal":{"name":"International Business & Economics Studies","volume":"70 7","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-12-20","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"138954704","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
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