Using the Big Mac index for comparing construction costs internationally

This paper explores the use of purchasing power parity (PPP) in the comparison of construction costs between different countries, and whether the development of construction-specific indices will improve reliability.

The approach adopted is to compare the construction cost of a typical five star international hotel per square metre in each of ten major cities using a range of PPP methods and to comment on their variability. In particular, this paper looks at whether an index based on the price of a McDonalds Big Mac3 hamburger is a viable alternative when compared against the mainstream methods. The recent publication of construction-specific indices as part of the Eurostat-OECD joint PPP program is also compared against generic indices and the discrepancy is calculated.

The paper concludes with reflections about which approach is preferable when attempting to assess global construction relativities and what further research is needed.

An efficient MAC protocol with adaptive energy harvesting for machine-to-machine networks

In a machine-to-machine network, the throughput performance plays a very important role. Recently, an attractive energy harvesting technology has shown great potential to the improvement of the network throughput, as it can provide consistent energy for wireless devices to transmit data. Motivated by that, an efficient energy harvesting-based medium access control (MAC) protocol is designed in this paper. In this protocol, different devices first harvest energy adaptively and then contend the transmission opportunities with energy level related priorities. Then, a new model is proposed to obtain the optimal throughput of the network, together with the corresponding hybrid differential evolution algorithm, where the involved variables are energy-harvesting time, contending time, and contending probability. Analytical and simulation results show that the network based on the proposed MAC protocol has greater throughput than that of the traditional methods. In addition, as expected, our scheme has less transmission delay, further enhancing its superiority.