Developing A Cost-Effective, Reliable, and Sustainable Precast Supply System under Price Volatility and Uncertainty of Material Supply

The supply channel of the precast process begins with the procurement of the raw materials that are processed through the PC (precast concrete) manufacturing operations and subsequently transporting the final products to the point of delivery for assembly or installation on site. The whole system forms a sequential and/or parallel or mesh network of activities to each of which there are three main qualifiers: cost, time, and reliability which dictate the production cost, product durability and reliability which contribute to the final reliability and sustainability of the PC supply system. In this research, a methodology for a cost-effective, reliable, and sustainable precast supply system is to be developed when price volatility and uncertainty of materials exist. As the price of materials and the cost of PC production fluctuate with an uncertainty of materials, an expected cost of supply system can be estimated and an optimal cost-effective supply/process plan with multiple alternatives can be prescribed with an enhanced or desired reliability and sustainability of the system.

Language

• English

Project

• Status: Active
• Sponsor Organizations:

  University of Illinois, Urbana-Champaign

  Department of Civil and Environmental Engineering
  Newmark Civil Engineering Laboratory
  Urbana, IL  United States  61801-2352

  Office of the Assistant Secretary for Research and Technology

  University Transportation Centers Program
  Department of Transportation
  Washington, DC  United States  20590
• Performing Organizations:

  Louisiana State University, Baton Rouge

  P.O. Box 94245, Capitol Station
  Baton Rouge, LA  United States  70803
• Principal Investigators:

  Sarker, Bhaba

• Start Date: 20240101
• Expected Completion Date: 20241231
• Actual Completion Date: 0

Subject/Index Terms

• TRT Terms: Cost estimating; Inventory; Precast concrete; Supply chain management; Uncertainty
• Subject Areas: Administration and Management; Materials; Planning and Forecasting; Transportation (General);

Filing Info

• Accession Number: 01903256
• Record Type: Research project
• Source Agency: Transportation Infrastructure Precast Innovation Center
• Files: UTC, RIP
• Created Date: Dec 24 2023 8:20AM