• Title/Summary/Keyword: Actual Cost

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Analyzing Data for Development of Structures Cost Estimating Model - Focused on Government Building Project - (건축 구조체 공사비 산정모델 개발을 위한 데이터 분석 - 공공청사를 중심으로 -)

  • Kim, Soo-Min;Cho, Jae-Ho;Lee, Jong-Sik;Chun, Jae-Youl
    • Proceedings of the Korean Institute Of Construction Engineering and Management
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    • 2008.11a
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    • pp.212-215
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    • 2008
  • When managers predict exact construction cost at early stage and design phase, they can reduce construction cost in a more efficient way than to predict at construction stage. But present of public construction cost estimation and management almost after the construction documents design phase. Therefore, construction cost management in the early stage and schematic design phase to generally use approximate estimating is not correct. Accordingly, this study analyze problem of current cost estimating method and a concrete cost plans make using case information of actual cost to analyze in schematic design phase. Possible to check going on the suitable design, this study conducts the preliminary research for the development of cost estimating model.

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The Effects of Cost Stickiness on Real Earnings Management: A Data Analysis of Export Marketers

  • Oh, Yu-Gyeom;Kim, Moon-Hong
    • Asia-Pacific Journal of Business
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    • v.13 no.3
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    • pp.93-118
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    • 2022
  • Purpose - Export marketers may have incentives to attempt real earnings management to avoid low reported earnings. Therefore, we attempted to verify the relationship between cost stickiness and real earnings management in the context of export marketing. Design/methodology/approach - Data were collected from exporters that settle-accounts in December excluding financial businesses listed on the stock market from 2015 to 2019. Multiple regression analysis were employed to analyze the data. Findings - The results showed that there is a negative relationship between cost stickiness and real earnings management. In addition, the results showed that export marketers little attempt to offset the cost inefficiency caused by the increase in expense because of cost stickiness with opportunistic management activities through real earnings management. Rather, as the level of real earnings management appears lower, exporters showing cost stickiness are expected to report management performance based on actual marketing. Furthermore, exporters with a high level of managerial centrality or high managerial overconfidence little attempt to offset cost inefficiency caused by cost stickiness with real earnings management activities. Research implications or Originality - Our study is the first to investigate the quality of earnings information of exporters with cost stickiness. Based on the results, we suggested efficient marketing strategies for exporters.

PSEUDO-RELIABILITY MODEL OF COMBAT TANK SYSTEM

  • Lie, Chang-Hoon
    • Journal of the military operations research society of Korea
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    • v.3 no.1
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    • pp.137-150
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    • 1977
  • The effectiveness of an actual combat tank system is analyzed. A measure of effectiveness which includes performance and reliability called pseudo-reliability is introduced. A model is introduced to optimize the design of the system in which the system pseudo-reliability is maximized subject to cost constraint. This model is a nonlinear programming problem and is solved by the sequential unconstrained minimization technique (SUMT). A numerical exampl with actual data from the test evaluation of five combat tanks is used to illustrate the model.

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A Study on Modal Shift effect - Focused on O/D between Busan-Gyeonggi Area -

  • Kang, Dal-Won;An, Young-Mo;Nam, Ki-Chan;Kwak, Kyu-Seok
    • Journal of Navigation and Port Research
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    • v.35 no.9
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    • pp.777-783
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    • 2011
  • Interest about Modal Shift is not being decreased, and it is drawing limelight as green logistics which meets low carbon green growth of National development vision. As an effect of Modal Shift, not only reduction in CO2 emission but also reduction in social cost, logistics cost etc. are being discussed. However, until now research about its practical transformation effect has been scanty. In this study, the actual expenses via CO2 emission, social cost, and logistics cost etc. by road transportation and rail transportation of container cargo with Origin/Destination between Busan-Kyeonggi Area were calculated and we propose beneficial effects when transportation mode is transformed from road to rail with Scenario Planning.

Development of System and Cost Function Model for Life Cycle Cost Analysis of Bridge (교량의 생애주기비용 분석을 위한 비용함수 모델 및 시스템 개발)

  • Park Mi-Yun;Sun Jong-Wan;Eom In-Soo;Cho Hyo-Nam
    • Proceedings of the Computational Structural Engineering Institute Conference
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    • 2005.04a
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    • pp.704-711
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    • 2005
  • Recently Life Cycle Cost Analysis for civil infrastructures such as pavements, bridges, and dams has been emphasized However, so far, there are few systems available for life cycle cost analysis of bridges at design stage. Therefore, the objective of this paper is to develop a user-friendly life-cycle cost analysis system for LCC-effective optimal design decision making at design stage. The program is based on the proposed LCC model, formulation, analysis modules and systematic procedure that suit Korean construction conditions. It is expected that the developed system can be effectively utilized for more LCC-effective design of bridges. It is applied to an actual bridge design project in order to demonstrate its effectiveness and applicability.

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Work Management Model to Integrate Schedule and Bill of Quantit (산출내역서.공정 통합관리 모형 구축에 관한 연구)

  • 박홍태;박찬정
    • Proceedings of the Korean Institute of Building Construction Conference
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    • 2002.11a
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    • pp.123-131
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    • 2002
  • Recently our government operates earned value management system (EVMS) for improving work management system of the construction projects over specific scale. The EVMS is based on the integrated management between construction cost and schedule, the existing systems, however, are focused on the cost management by using wort quantity. This study suggests a work management mode1 to integrate construction cost with activity information. The model introduces a work task concept as a tool that can connect construction cost to activity information. The suggested model in this study is verified by using actual data for the applicability to practical construction projects.

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Fabrication and Characterization of Micro parts by Mechanical Micro Machining: Precision and Cost Estimation (기계식 마이크로 머시닝을 이용한 마이크로 형상의 특성과 비용 평가)

  • Kang, Hyuk-Jin;Choi, Woon-Yong;Ahn, Sung-Hoon
    • Journal of the Korean Society for Precision Engineering
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    • v.24 no.1 s.190
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    • pp.47-56
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    • 2007
  • Recently, demands on mechanical micro machining technology have been increased in manufacturing of micro-scale precision shapes and parts. The main purpose of this research is to verify the accuracy and cost efficiency of the mechanical micro machining. In order to measure the precision and feasibility of mechanical micro machining, various micro features were machined. Aluminum molds were machined by a 3-axis micro stage in order to fabricate microchips with $200{\mu}m$ wide channel for capillary electrophoresis, then the same geometry of microchip was made by injection molding. To evaluate the cost efficiency of various micro manufacturing processes, cost estimation for mechanical micro machining was conducted, and actual costs of microchips fabricated by mechanical micro machining, injection molding, and MEMS (Micro electro mechanical system) were compared.

The Efficiency Analysis of the Safety Investment Cost in Construction Work (건설공사의 안전투자비에 대한 효과 분석)

  • Park Jong-Keun;Ro Min-Lae;Yi Kwan-Hyung
    • Journal of the Korean Society of Safety
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    • v.19 no.4 s.68
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    • pp.94-100
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    • 2004
  • This study delivers the actual condition of investment for industrial accident prevention based on survey of 500 construction sites from 'reports for industry safety and health' published by Korea Occupational Safety & Health Agency (KOSHA). The various research techniques were used such as technical statistic analysis for construction industry, cost comparison of industrial accident prevention and accident loss. A formula was deduced to calculate accident loss and accident frequency by accident prevention cost through regression analysis.

Construction of Time - Cost Model for Building Projects in Vietnam

  • Long, Le-Hoai;Lee, Young-Dai;Cho, Jeong-Wook
    • Korean Journal of Construction Engineering and Management
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    • v.10 no.3
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    • pp.130-138
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    • 2009
  • Bromilow's time-cost (BTC) relationship was examined for building projects in Vietnam using actual construction time and total construction cost. Data set was collected from 77 historical building construction projects completed between 1999 and 2005 which were adjusted by consumer price index (CPI) to 2000 price. Time-cost equations were specified respected to two sectors, public and private, in Vietnamese construction industry and all cases. It is shown that a public funded building project has the longer construction duration than a similar budget private funded project. The resulting models are statistically significant. The adjusted R-square coefficients of all cases, public and private projects models are respectively 0.403, 0.436 and 0.377 mean that the BTC regression lines moderately fit the data set.

Development of the Historical Data Management System for using the Cost Estimate System (실적공사비 적산 시스템 운영을 위한 실적 자료 관리 시스템 개발(구조 및 재료 \circled1))

  • 정연철;배연정;윤성수;이정재
    • Proceedings of the Korean Society of Agricultural Engineers Conference
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    • 2000.10a
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    • pp.239-245
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    • 2000
  • This study is aimed to develop the historical data management system named "ACON"(Actual COst Network system) which can be used for collecting, analysis and modification of the historical data. ACON_Local is used for collecting the historical data at each spot place. It redueces the work potential of managers, spending time and cost. ACON_Analysis is to analyze the collection , modifies the data′s error and updates the historical database. ACON_Network is developed to transfer data from ACON to Web server or opposites. The proposed model, ACON, provide the easy way for the cost estimate system, "HiCOMS" to collect, analyze and modify the historical cost evaluated data, which is used to compose the historical data base.

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