• Title/Summary/Keyword: Cost Evaluation

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Application of Economic Risk Measures for a Comparative Evaluation of Less and More Mature Nuclear Reactor Technologies

  • Andrianov, A.A.;Andrianova, O.N.;Kuptsov, I.S.;Svetlichny, L.I.;Utianskaya, T.V.
    • Journal of Nuclear Fuel Cycle and Waste Technology(JNFCWT)
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    • v.16 no.4
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    • pp.431-439
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    • 2018
  • Less mature nuclear reactor technologies are characterized by a greater uncertainty due to insufficient detailed design information, operational data, cost information, etc., but the expected performance characteristics of less mature options are usually more attractive in comparison with more mature ones. The greater uncertainty is, the higher economic risks associated with the project realization will be. Within a comparative evaluation of less and more mature nuclear reactor technologies, it is necessary to apply economic risk measures to balance judgments regarding the economic performance of less and more mature options. Assessments of any risk metrics involve calculating different characteristics of probability distributions of associated economic performance indicators and applying the Monte-Carlo method. This paper considers the applicability of statistical risk measures for different economic performance indicators within a trial case study on a comparative evaluation of less and more mature unspecified LWRs. The presented case study demonstrates the main trends associated with the incorporation of economic risk metrics into a comparative evaluation of less and more mature nuclear reactor technologies.

Preliminary ALARA residual radioactivity levels for Kori-1 decommissioning and analysis of results and effects of remediation area

  • Seo, Hyung-Woo;Yu, Ji-Hwan;Kim, Gi-Lim;Son, Jin-Won
    • Nuclear Engineering and Technology
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    • v.54 no.3
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    • pp.1136-1144
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    • 2022
  • The effects of nearby residents and the public by the residual contamination from the decommissioning of nuclear facilities should comply with the dose criteria, and whether additional remediation action is necessary from the ALARA perspective must be determined. Therefore, we analyzed the requirements of ALARA action levels and performed preliminary ALARA evaluation. The ratio of residual contamination concentration to DCGL was calculated for the basement fill and the building occupancy mode. The results showed that the additional remediation actions below DCGL are not justified. In addition, we analyzed the effect of remediation area. It was noted that the increase of the remediation area showed a positive correlation with the Conc/DCGL value in the basement fill mode. On the other hand, in the building occupancy mode, since the floor area of the building is the target of remediation and has the effect of increasing the same as the evaluation area of the building occupants, but due to the difference in the amount of increase, the Conc/DCGL showed a negative correlation. We expect the approach and method of ALARA evaluation can be utilized for concrete cost-benefit calculation during the decommissioning or at the time of remediation.

POST-OCCUPANCY EVALUATION (POE) AFTER THE EXPANSION OF AN APARTMENT PARKING LOT

  • Park, Jin-Gu;Oh, Kyung-Taek;Ryu, Gyu-Seok;Jung, In-Su;Lee, Chan-Sik
    • International conference on construction engineering and project management
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    • 2009.05a
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    • pp.1559-1563
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    • 2009
  • Despite the serious lack of parking lots, studies on parking lot expansion are insufficient; research on users' satisfaction following parking lot expansion is practically nonexistent. Therefore, this study sought to provide basic data for the parking lot expansion of old apartments by comparatively analyzing users' satisfaction before and after the parking lot expansion through a questionnaire survey that targeted residents benefiting from the expanded parking lot. Results revealed a low post-occupancy satisfaction with the parking lot expansion despite the parking lot expansion and improvement of the parking lot environment. This was because the parking lot was not expanded up to the second basement floor due to the lack of appropriate parking space. Other factors included the construction cost burden and lack of connectivity of the basement parking lot with elevators. The results actually raise the need for the establishment of an optimally suitable expansion plan and development of method and technology requiring lower cost and shorter construction period in the design and construction processes for parking lot expansion. Through post-occupancy evaluation (POE) after parking lot expansion, this study quantitatively identified the problems associated with the parking lots of old apartments and ensuing expansion effects. The findings in this study can be used as basic data to seek a suitable diagnosis and evaluation method for the parking lots of old apartments.

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A Study on the Economical Analysis Model for Asphalt Pavementin Congestion Area of Metropolitan (대도시 혼잡구간의 아스팔트 포장에 대한 경제성 분석 모델 연구)

  • Jo, Byung Wan;Tae, Ghi Ho;Kim, Do Keun
    • KSCE Journal of Civil and Environmental Engineering Research
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    • v.26 no.5D
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    • pp.771-781
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    • 2006
  • This Study is about the development of LCC Analysis Model and Evaluation of VE. It was carried out to help the person's intention decision about choosing the pavement construction method that can deal with 'Pavement Life Factor' like Area Character and Traffic Volume efficiently, by considering the total life cycle cost of pavement life cycle happens according to the numbers of public use year. For this, we developed the new LCC Analysis Model by using the Data of Seoul city the representative city in Korea, and carried out VE Evaluation that reflects the opinions of specialists. This Analysis Model consists of cost items that affects directly the choice of pavement construction, except for the common cost items of the various pavement construction. And we investigated the propriety by applying our model to the example line that are used for the public at present. About the base data of cost items that are used for our analysis, we enhanced our model's confidence by using the statistics data of Seoul and the standard data of unit cost calculation.

The Study of Rationality for Public Organizations' Cost Allocation Method (공공기관의 운영합리화를 위한 원가산정 방안에 대한 연구 -별정우체국을 중심으로-)

  • Park, Sung-Jong;Han, Kyung-Il
    • Journal of Digital Convergence
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    • v.10 no.8
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    • pp.91-96
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    • 2012
  • The purpose of this study is to examine the rationality for public organizations' cost allocation method through the case of special post offices. The proper use of allocation method is crucial to promote and nurture the public organization sector. On that note, this paper presents how to apply the proper estimation method. The cost allocation method is to split the total expense into appropriate services and departments. Using the basic expense rate and the standard depreciation rate and area at each post office, the total cost is calculated into the cost per person and area. As a result, the correct cost can be assigned through allocation per according service unit.

BIM-based cost estimation by integration with BIM mdel data and cost information - Case Study on Economy Evaluation of Apartment in Sejong Special Self-Governing city - (BIM 기반 견적 산출을 위한 공종별 BIM 데이터 구축 및 연계 방안 - 세종특별자치시 공동주택 경제성 평가 사례 연구 -)

  • Lee, Hae-Chan;Kim, Jin-Man;Choi, Cheol-Ho;Song, Sang-Hoon
    • Journal of KIBIM
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    • v.7 no.3
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    • pp.11-20
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    • 2017
  • BIM technology, which is widely used in the construction industry, has been introduced in various fields for the purpose of saving construction cost and reducing construction schedule. However, in the case of BIM-based cost estimate, there are various trials and errors in applying BIM technology which can be applied for calculating quantity and cost estimate. BIM-based cost estimate can improve the quantity accuracy and allow to easy modifications that were not expected in 2D-based construction process. However, for this purpose, it is necessary to take into consideration that interoperability between BIM data and cost information should be planed in advance. Besides, the definition of a BIM data specification is also required for the seamless data exchange and integrity in each phase of the construction process. Therefore, in this study, we propose a BIM - based cost estimation method and technology in each type of work applicable to the current domestic construction industry.

A study on a schedule-cost analysis model for defense R&D project planning (국방 R&D프로젝트의 일정-비용분석모델의 연구)

  • 황홍석;류정철;정덕길
    • Proceedings of the Korean Operations and Management Science Society Conference
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    • 1996.04a
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    • pp.213-216
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    • 1996
  • R'||'&'||'D project management is a process of decisions concerned with the achievement of goals of objectives. Especially, defense R'||'&'||'D project planning is the key in the successfull management of defense development. The defense project managers are constantly having to perform "what if\ulcorner" exercise, such as what if the project is extended out for an additional cost\ulcorner In this reserch, we developed a schedule-cost analysis model based upon Critical Path Method(CPM) and Venture Evaluation and Review Technique(VERT) for schedule-cost trade off analysis defense R'||'&'||'D projects. In the first step, a deterministic model is developed as a heuristic which deterministic model is developed as a heuristic which determines the schedule extension and reduction cost as a function desired schedule. In the second step, a stochastic network simulation model is developed to analyse the project risk (sucess and failure). The expected time and cost can be determined for desired schedule under the assumptions of stochastic arc data (time and cost) with a various precedence relationships. This model provides the defense R'||'&'||'D managers with an estimated and expected cost for curtailing or extending a project a given amount of time. The effectiveness and efficiency of the proposed methods, a heuristic and stochastic networks simulations, have been demonstrated through examples.

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Research for the survey of method to serviced customer Interruption cost evaluation (전력수용가 정전비용 산출물 위한 설문조사 방법론에 관한 연구)

  • Park, Soo-Man;Kim, Jae-Chul;Moon, Jong-Fil;Bae, Ju-Chun
    • Proceedings of the KIEE Conference
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    • 2002.11b
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    • pp.259-261
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    • 2002
  • KEPCO(Korea Electric Power Corporation) has been management alone before some time. However through the electrical industry reorganization generation and KPX(Korea Power Exchange) were separated on 2001. A marketing and distribution part will be separated in the future. While many problem for appear in future. how to management for power system network is important. unfortunallity, electrical power industry is starting point right now. Thus, detail data is incomplete for this field and detail research for this field is required with distribution reorganazation. In this paper suggest for customer interruption cost compute method to establish a standard. The standard is need to security operation of power system network. The customer interruption cost compute method necessity of customer interruption cost compute method is minimizing process for total cost. As final total cost compute through the interruption cost compute, we can recognize investment point exactly. We cited foreign survey questions, because exactly matched survey questions for in the country circumstance is not exist. And process to survey performance suggest after modify for match in the country circumstance. Survey questions that suggested fer this paper are classified five categories. This paper suggests to detail survey questions and survey method before survey and suggest to how to customer interruption compute when survey data is ensured. Moreover this paper suggest to average interruption cost compute for residential customer using statistical method.

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Cost Risk Analysis for Preparing Budgets of Information Security using Fuzzy AHP (정보보안 예산 수립에서 퍼지 AHP의 적용을 통한 위험 비용 분석)

  • Ryu, Si-Wook;Her, Duk-Gyu
    • Journal of the Korea Safety Management & Science
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    • v.14 no.3
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    • pp.119-126
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    • 2012
  • Recently, the breakdown of online banking servers and the leakage of customer information give rise to much concern about the security of information systems in financial and banking companies in Korea. The enforcement of security for information system becomes much more important issue than earlier. However, the security reinforcement of information system is restricted by a budget. In addition, the activities' cost to secure information system from threatening are under uncertain circumstances and should be established by a human decision maker who is basically uncertain and vague. Thus, making the budget for information system is exposed to any extent of the risk for these reasons. First, we introduce brief fuzzy set theory and fuzzy AHP (Analytic Hierarchy Process) methodology. Then, the cost elements that comprise yearly budget are presented and the priorities among the cost elements are calculated by fuzzy AHP. The cost elements that are exposed to risk are evaluated from the both perspectives of the risk impact and risk occurrence possibility which are expressed as linguistic terms. To get information on the risk profiles-pessimistic, most likely, and optimistic-for each cost element, the evaluation is accomplished and the result is presented. At last, the budget ranges-minimum, mode, maximum-for each cost element are estimated with the consideration of the risk profiles.

Quantifying Risk Factors on Cost Performance By Characterizing Capital Facility Projects

  • Jang, Myung-Hoon;Cha, Hee-Sung
    • Korean Journal of Construction Engineering and Management
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    • v.7 no.4 s.32
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    • pp.177-183
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    • 2006
  • Risk-based estimation has been successfully introduced into the construction industry. By incorporating historical data associated with probability analysis, risk-based estimate is an effective decision support aid in considering whether to launch a particular project. The industry challenges, however, especially related with management issues, such as labor shortage, wage growth, and supply chain complexity, have often resulted in poor cost performance. The insufficient assessing the project characteristics (i.e., resource availability, project complexity, and project delivery method) can be the main reasons in the poor cost performance. Because the accuracy level of cost performance prediction can be enhanced by extensive evaluation of the subject project characteristics, a new approach for predicting cost performance in an earlier stage of a project can improve the Industry substantiality, in other words, value maximization. The purpose of this paper is to develop a new methodology in developing a risk-based estimate tool by incorporating extensive project characteristics. To do this, an extensive industry survey was conducted from both private and public sectors in building industry in Korea. In addition, significant project characteristics were identified in terms of cost performance indicator. Although the data collection is limited to Korean industry the suggested approach provides the industry with a straightforward methodology in risk management. As many researchers maintained that front-end planning efforts are crucial in achieving the successful outcome in building projects, the new method for risk-based estimation can Improve the cost performance as well as enhance the fulfillment in terms of business sustainability.