• Journal of Korean Society of Transportation
• /
• v.23 no.3 s.81
• /
• pp.95-108
• /
• 2005

The purpose of this study is to develop the ITS evaluation model using the Probabilistic Risk Analysis (PRA) methodology and to demonstrate the goodness-of-fit of the large ITS projects through the comparative analysis between DEA and PRA model. The results of this study are summarized below. First, the evaluation mode] using PRA with Monte-Carlo Simulation(MCS) and Latin-Hypercube Sampling(LHS) is developed and applied to one of ITS projects initiated by local government. The risk factors are categorized with cost, benefit and social-economic factors. Then, PDF(Probability Density Function) parameters of these factors are estimated. The log-normal distribution, beta distribution and triangular distribution are well fitted with the market and delivered price. The triangular and uniform distributions are valid in benefit data from the simulation analysis based on the several deployment scenarios. Second, the decision making rules for the risk analysis of projects for cost and economic feasibility study are suggested. The developed PRA model is applied for the Daejeon metropolitan ITS model deployment project to validate the model. The results of cost analysis shows that Deterministic Project Cost(DPC), Deterministic Total Project Cost(DTPC) is the biased percentile values of CDF produced by PRA model and this project need Contingency Budget(CB) because these values are turned out to be less than Target Value(TV;85% value), Also, this project has high risk of DTPC and DPC because the coefficient of variation(C.V) of DTPC and DPC are 4 and 15 which are less than that of DTPC(19-28) and DPC(22-107) in construction and transportation projects. The results of economic analysis shows that total system and subsystem of this project is in type II, which means the project is economically feasible with high risk. Third, the goodness-of-fit of PRA model is verified by comparing the differences of the results between PRA and DEA model. The difference of evaluation indices is up to 68% in maximum. Because of this, the deployment priority of ITS subsystems are changed in each mode1. In results. ITS evaluation model using PRA considering the project risk with the probability distribution is superior to DEA. It makes proper decision making and the risk factors estimated by PRA model can be controlled by risk management program suggested in this paper. Further research not only to build the database of deployment data but also to develop the methodologies estimating the ITS effects with PRA model is needed to broaden the usage of PRA model for the evaluation of ITS projects.

• Proceedings of the Korean Society of Propulsion Engineers Conference
• /
• 2006.11a
• /
• pp.71-74
• /
• 2006

This study shows the historical background, and work flow of PRA (Probabilistic Risk Assessment) method which devised by NASA during the space development. It also illustrates the possibility of adoption of the method to evaluation of reliability KSLV project.

• Korean Journal of Construction Engineering and Management
• /
• v.7 no.5
• /
• pp.167-176
• /
• 2006

It was found that Korean Standard of Estimate which has been used as the only basis of cost estimate of public construction projects had some side effects such as jerry-build construction and over-estimation because it failed to reflect the current price and the state-of-the-art construction methods in a changing construction environment. Therefore, the government decided to gradually introduce historical construction cost into cost estimate of public construction projects from 2004. This paper presents analytic criteria and a process model for deducing more current and reasonable historical construction cost for contract items from not only previous contract prices but also all of the other bid prices that were not contracted. The procedure of estimating actual unit cost proposed in this paper focuses on the removal of abnormal values including strategically too low or high prices and the time correction. In addition, basic research is conducted for the correction of actual unit cost through the analysis of fluctuation of bid price depending on bidding types and rates of successful bid. It is anticipated that the effective use of the proposed process model for estimating actual unit cost would make the cost estimation more current and reasonable.

• Proceedings of the Korean Institute Of Construction Engineering and Management
• /
• 2007.11a
• /
• pp.54-59
• /
• 2007

Recently, Apartment Reconstruction Projects are performing only with the basis of profitability without establishing either certain criteria or standard guideline. In addition, the profitability information contained in a disposal plan tends to be considered as a fixed value, and it is frequently changeable because reconstruction projects have such a long time to complete and many participants with respective interests. As mentioned above, the new approach needs to be developed which covers the limitation of the unvaried one. Consequently, this study focuses on the probability approach considering not only variances that affect the profit, but the relationship between profit and risk, and then is modeling. This study is anticipated to improve the reliability and accuracy of expected value as well as apply to the decision making criteria quantitively about potentially hidden risks in that projects.

• Proceedings of the Computational Structural Engineering Institute Conference
• /
• 1999.04a
• /
• pp.3-10
• /
• 1999

This paper presents probabilistic risk assessment system model and methods for general construction projects and demonstrates the applicability of the approach to a specific subway construction project. The proposed system model entitled Integrated Risk Assessment System(IRAS) for construction projects is composed of four steps, which is newly reorganized and improved in order to be easily adjusted for a systematic PRA of construction projects. Based on the proposed model, and integrated prototype software is then developing for computer-aided PRA of construction projects under the environment of the graphic-user interface, which will be successfully applied to construction projects.

• Proceedings of the Computational Structural Engineering Institute Conference
• /
• 1997.04a
• /
• pp.27-34
• /
• 1997

In this paper, systematic and comprehensive approaches are suggested for the application of quantitative PRA techniques especially for those risk events that cannot be easily evaluated quantitatively In addition, dominant risk events are identified based on their occurrence frequency assessed by both actual survey of construction site conditions and the statistical data related with the probable accidents. Practical FTA(Fault Tree Analysis) and ETA(Event Tree Analysis) models are used for the assessment of the identified risks. When the risk events are lack of statistical data, appropriate Bayesian models incorporating engineering judgement and test results are also introduced in this paper. Moreover, a fuzzy probability technique is used for the quantitative risk assessment of those risk components which are difficult to evaluate quantitatively.

• Nuclear Engineering and Technology
• /
• v.23 no.3
• /
• pp.285-298
• /
• 1991

An example application of the fuzzy set theory is first made to a simple portion of a given accident progression event tree with typical qualitative fuzzy input data, and thereby computational algorithms suitable for application of the fuzzy set theory to the accident progression event tree analysis are identified and illustrated with example applications. Then the procedure used in the simple example is extended to extremely complex accident progression event trees with a number of phenomenological uncertainty issues, i.e., a typical plant damage state‘SEC’of the Zion Nuclear Power Plant risk assessment. The results show that the fuzzy averages of the fuzzy outcomes are very close to the mean values obtained by current methods. The main purpose of this paper is to provide a formal procedure for application of the fuzzy set theory to accident progression event trees with imprecise and qualitative branch probabilities and/or with a number of phenomenological uncertainty issues.

• Journal of the Korean Society for Nondestructive Testing
• /
• v.18 no.5
• /
• pp.389-397
• /
• 1998

For an effective and efficient management of large amounts of preservice/inservice inspection(PSI/ISI) data in nuclear power plants, an intellegent Windows 95-based data management program was developed. This program enables the prompt extraction of previously conducted PSI/ISI conditions and results so that the time-consuming data management, painstaking data processing and analysis in the past are avoided. The program extracts, and the associated remedies. Furthermore, additional inspection data and comments can be easily added or deleted for subsequent PSI/ISI operation. Although the initial version of the program was applied to Kori nuclear power plant, this program can be equally applied to other nuclear power plant. And also this program can be used to offer the fundamental data for application of evaluation data related to fracture mechanics analysis(FMA), probabilistic reliability assessment(PRA) of PSI/ISI results, performance demonstration initiative(PDI) and risk-informed ISI based on probability of detection(POD) information of ultrasonic examination. Besides, the program can be further developed as a unique PSI/ISI data management expert system that can be apart of PSI/ISI data management expert system that can be a part of PSI/ISI Total Support System(TSS) for Korean nuclear power plants.