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Makarand Hastak

Bio: Makarand Hastak is an academic researcher from Purdue University. The author has contributed to research in topics: Decision support system & Construction management. The author has an hindex of 26, co-authored 160 publications receiving 2507 citations. Previous affiliations of Makarand Hastak include Future University in Egypt & Florida International University.


Papers
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Journal ArticleDOI
TL;DR: The study explores patterns created by the aggregated interactions of online users on Facebook during disaster responses and provides insights to understand the critical role of social media use for emergency information propagation.

441 citations

Journal ArticleDOI
TL;DR: The International Construction Risk Assessment Model (ICRAM-1) as mentioned in this paper is a risk assessment model for international construction projects that assists the user in evaluating the potential risk involved in expanding operations in an international market by analyzing risk at the macro, market, and project levels.
Abstract: This paper presents a risk assessment model for international construction projects. The International Construction Risk Assessment Model (ICRAM-1) assists the user in evaluating the potential risk involved in expanding operations in an international market by analyzing risk at the macro (or country environment), market, and project levels. The paper discusses some of the existing models for country risk assessment, presents potential risk indicators at the macro, market, and project levels, and explains the ICRAM-1 methodology through an applied example. The ICRAM-1 provides a structured approach for evaluating the risk indicators involved in an international construction operation and is designed to examine a specific project in a foreign country. It can be used as a tool to quantify the risk involved in an international construction investment as one of the preliminary steps in project evaluation. Four main results are obtained from the ICRAM-1 analysis: (1) High-risk indicators; (2) impact of country ...

263 citations

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TL;DR: Certain types of Twitter users (news and weather agencies) were dominant as information sources and information diffusers (the public and organizations) however, the information flow in the network was controlled by numerous types of users including news, agency, weather agencies and the public.

120 citations

Journal ArticleDOI
TL;DR: A multi-hazard approach to characterize the key predictors of severe weather-induced sustained power outages is proposed, and a two-stage hybrid risk estimation model is developed, leveraging algorithmic data-mining techniques.

109 citations

Journal ArticleDOI
TL;DR: In this paper, a system dynamics model is developed for project cash flow management, which is flexible to incorporate typical front-end and back-end loading cashflow management strategies and provides an interactive predication of project cash flows.
Abstract: Cash flow management is one of the most important determinants of the success of construction project management. Overdraft, retainage, financing, payment and billing policies constitute the most significant financial issues that contractors must plan, control and manage for the successful completion of construction jobs. Particularly, in an attempt to reduce project costs, contractors must balance cost savings of material discounts due to early payments and extra interest expenses because of additional overdraft. Through identifying feedback loops in project cash flows, a system dynamics model is developed for project cash flow management. The model is flexible to incorporate typical front‐end and back‐end loading cash flow management strategies and provides an interactive predication of project cash flows. A warehouse project is discussed to demonstrate how various cash flow strategies improve overdraft financing requirements and profitability. Especially, the analysis shows an 11% reduction on overdraf...

76 citations


Cited by
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01 Jan 2008
TL;DR: In this article, the authors argue that rational actors make their organizations increasingly similar as they try to change them, and describe three isomorphic processes-coercive, mimetic, and normative.
Abstract: What makes organizations so similar? We contend that the engine of rationalization and bureaucratization has moved from the competitive marketplace to the state and the professions. Once a set of organizations emerges as a field, a paradox arises: rational actors make their organizations increasingly similar as they try to change them. We describe three isomorphic processes-coercive, mimetic, and normative—leading to this outcome. We then specify hypotheses about the impact of resource centralization and dependency, goal ambiguity and technical uncertainty, and professionalization and structuration on isomorphic change. Finally, we suggest implications for theories of organizations and social change.

2,134 citations

Journal ArticleDOI
TL;DR: In this article, the authors discuss the development of the advanced polymer composite material applications in the building and civil/structural infrastructure over the past three to four decades and highlight the important in-service research areas which are necessary to improve the understanding of the behavior of FRP materials and FRP structural components.

946 citations

Journal ArticleDOI
TL;DR: In this article, a fuzzy multi-criteria analysis approach for selecting of planning and design (P&D) alternatives in public office building is presented, where fuzzy numbers for linguistic terms are used to deal with subjectivity and vagueness in the alternatives selection process.

597 citations