• Title/Summary/Keyword: Cost Evaluation Method

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Recovery Cost Evaluation and Practical Application for Index Assessment of Private Facilities Damaged by Natural Disaster (자연재난 복구비용 산정을 위한 기법 및 실용화 연구)

  • Jung, Woo-Young;Kim, Sung-Jun;Choi, Hyun-Kyu
    • Journal of the Korean Society of Hazard Mitigation
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    • v.9 no.3
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    • pp.67-73
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    • 2009
  • Financial supports of private facilities which were damaged by natural disaster are currently performed partially by a government and the guideline of corresponding recovery costs be the natural disaster prevention law in South Korea. However, current financial recovery guidelines for the damaged private facilities has not been estimated objectively so far. This research presents advanced recovery cost search and assesment methods for the damaged private facilities under natural disaster. To produce more accurate data, an investigation for practical field markets which are appointed in Kangwon area is conducted and the proposed recovery values per each item are compared to exact field market values. Finally. more realistic and accurate recovery cost guideline including evaluation and more effective market surveying method are suggested here. A theoretical and practical program for systematic recovery cost calculation is proposed and expected to be used at public institution before long.

Empirical Evaluation of BIM Coordinator Performance using Queuing Model in Construction Phase (대기행렬 모형을 활용한 시공단계 BIM 코디네이터 업무 성과 분석)

  • Ham, Nam-Hyuk;Yuh, Ok-Kyung;Ji, Kyu-Hyun
    • Journal of KIBIM
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    • v.8 no.3
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    • pp.31-42
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    • 2018
  • This study focuses on the BIM request for information(RFI) processing performance and quantitatively analyzes the performance of the BIM coordinator and the loss due to the waiting of the project participants. For these purposes, a method to quantitatively evaluate the performance of the BIM coordinator was proposed using a queueing model. For the verification, two projects in which BIM was applied in the construction phase were selected, and the BIM RFI data were collected through the analysis of the BIM monthly report and BIM coordinator work log of each project. In addition, the BIM input personnel, labor cost, and productivity data were collected through interviews with the experts of the case projects. The analysis of the BIM RFI processing performance of the BIM coordinator using the queueing model exhibited on a probabilistic basis that the waiting status of the project participants could vary depending on the preliminary BIM application to the design verification as well as the input number and level of the BIM coordinator personnel. In addition, the loss cost due to the waiting of the project participants was analyzed using the number of BIM RFIs waiting to be processed in the queueing system. Finally, the economic feasibility analysis for the optimal BIM coordinator input was performed considering the loss cost. The results of this study can be used to make decisions about the optimal BIM coordinator input and can provide grounds for the BIM return on investment (ROI) analysis considering the waiting cost of the project participants.

Development of the SIS Evaluation Method Based on Reliability Analysis (신뢰도 분석에 근거한 SIS 평가 방법론 개발)

  • Kim In-Won;Jin Sang-Hwa;Song Kwang Ho;Yeo Yeong-Koo
    • Journal of the Korean Institute of Gas
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    • v.6 no.1 s.17
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    • pp.66-73
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    • 2002
  • In this study a new SIS evaluation method based on the reliability analysis has been developed. It evaluates the Safety Integrity Level (SIL) using the Fault Tree Analysis (FTA), and when the SIL falls short of the systems target level, through the reliability analysis and system retrofit, this method will satisfy the aimed SIL. A hazard evaluation was carried out on the 415V Diesel BUS to verify the SIL evaluation method based on the reliability analysis. The availability of the original 415V Diesel BUS was $99.40\%$, which comes under the category of SIL 2. After exchanging the diesel generator and the isolator switch using the developed evaluation method, the availability rose to $99.94\%$, SIL 3. By applying the method presented in this study, not only will it reduce the maintenance cost due to the prevention of accidents and reduction of loss, but also maximize the reliability of the system.

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An Empirical Analysis on the Production Cost of Landscape Crops in the Direct Payment Program for Rural Landscape Conservation (경관보전직접지불제 작물의 생산비 실증분석)

  • Kim, Kwang-Nam;Kim, Mi-Young;Lee, Hyung-Soon
    • Journal of Korean Society of Rural Planning
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    • v.16 no.3
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    • pp.19-26
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    • 2010
  • The purpose of this paper is to evaluate optimum rate of payment and to [md the new advanced direction for the program for rural landscape conservation. We used direct evaluation method for income and production costs. According to the survey, we had done from 41 complexes(farmers) joined this program, the average production cost of landscape crops of type1 is calculated at 178,582 won per 10a and 111,517 won as type2. If the classification of crop type is adjusted, the problem formulated is improved to make possible support at the current payment rate.

Evaluation Model of the Value of Process Redesign: A Case Study of Manufacturing Company (프로세스 재설계에 대한 가치평가모형: 제조업체 사례연구)

  • 이상재
    • Journal of the Korean Operations Research and Management Science Society
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    • v.24 no.4
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    • pp.81-94
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    • 1999
  • Organization change projects such as Business Process Redesign(BPR) have been implemented by many firms for enhancing their organizational performance. However, management is reluctant to initiate these projects due to enterprise-wide impact and steeper project cost than the traditional system development projects. Thus, there emerges a need to accurately assess the value of the redesigned organizational process for the successful implementation of BPR projects. The purpose of this study is to assess the value of process redesign in the point of resource utilization and allocation, and cycle time and cost reduction. The candidate process and the design alternatives are identified from organizational requirements analysis. The variables and their relations are defined to perform task activity analysis, bottleneck analysis, cycle cost analysis, and resource utilization analysis. A Case study of a manufacturing company indicates that the assessments method proposed in this study is a promising approach to identify the business alternative process that lead to the highest organizational performance.

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Benefit/Cost Analysis with Power Market Simulation Software on The Transmission System Expansion (송전망확충의 경제성평가를 위한 전산모형 이용방안)

  • Moon, S.P.;Choi, Y.C.;Jang, B.H.;Kim, S.Y.;Yoon, J.S.;Lee, W.K.;Park, J.B.
    • Proceedings of the KIEE Conference
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    • 2006.07a
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    • pp.72-73
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    • 2006
  • As the electric power market environments are being changed, suitable data for expansions should be subjected to stockholders. And the public responses are requested for transmission system expansion. The necessity of transmission system expansion can be easily assessed via the benefit/cost evaluations. Because the benefit/cost evaluation of the transmission system expansions required variety elements, which can be depended on electric power market simulation software. On this paper, a method is illustrated using the PPOOL developed by PPC and PSS/E developed by PTI.

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The Evaluation of the Validity of Equipment-replacing Alternatives in Consideration of the Differences of Cost Flow (비용 흐름의 차이를 고려한 교체 설비 대안에 대한 타당성 평가)

  • 김성집;박흥석
    • Journal of Korean Society of Industrial and Systems Engineering
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    • v.17 no.31
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    • pp.99-114
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    • 1994
  • The introduction of new equipments to strengthen the competitiveness of enterprises is one of pretty important factors. Enterprises introducing new equipments strengthen competitiveness through productivity increasing, high quality maintenance, inventory reduction, improved design and production interface, simple scheduling process, low scrap rate, rework reduction, etc. Managers will work out the best equipment-replacing strategy through the appropriate combination of potential cost attributes and qualitative attributes difficult to quantify in accordance with the business purpose. This study is to present a method to select an equipment-replacing alternative through the decision-making model of Analytic Hierarchy Process in consideration of the differences of cost flow of the alternatives, taking into consideration tangible attributes and strategic intangible attributes.

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Comparative Evaluation of Environmental Availability for Hydrogen Supply System with Existing Natural Gas Pipeline (천연가스배관을 통한 수소 혼합공급의 환경적 유용성 평가)

  • Kim, Hyoung-Sik;Hong, Seong-Ho;Hwang, Tae-Yeon
    • Journal of the Korean Institute of Gas
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    • v.13 no.3
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    • pp.28-32
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    • 2009
  • There are two hydrogen supply systems which are central and distributed supply. Central supply system may be cost-effective but huge supply infra cost is needed. For cost-effectiveness, hydrogen supply with existing natural gas pipeline has been focused in Europe. From the analysis results in this study, hydrogen supply method with existing natural gas pipeline is the better for environmental availability including green house effect.

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Evaluation of Building Construction Management in Sylhet City, Bangladesh

  • Anamul, Hasan Md.
    • Journal of Construction Engineering and Project Management
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    • v.2 no.3
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    • pp.40-47
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    • 2012
  • Construction management is essential for a achieving any pre-determined objective. It is however seen that in spite of construction management, majority of the project do not keep up their original time schedule and their completion cost is also higher as compared with the estimated cost The main reason for overrun in time and cost is that the planning at the outset of the project was not adequate or method of planning was not a refined one. In this research work, I showed the overall conditions of construction work and management in Sylhet city of Bangladesh and found many drawbacks in the construction management after completing my research. I found several factors affecting proper construction management and I have provided brief results. I have also provided some recommendations after my research work.

Home Care Nursing: An Economic Analysis (가정간호의 경제성 평가에 관한 문헌분석)

  • Lim, Ji Young;Kim, Ji Young
    • Journal of Home Health Care Nursing
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    • v.20 no.2
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    • pp.141-151
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    • 2013
  • Purpose: The purpose of this study was to examine the economic effectiveness of by conducting a literature review of published articles, masters theses, and doctoral dissertations. Method: Prior to the literature review, inclusion-exclusion criteria were established. We then reviewed 1,029 CINAHL, MEDLINE, and Cochrane DB papers, and 153 RISS papers collected between Results: A total of 12 studies met the inclusion-exclusion criteria.-effectiveness: 6 cost-effectiveness studies, 1 cost-utility studies, and 5 cost-benefit studies. Each of the 12 reviewed studies concluded that home care nursing had greater economic benefits than other compared healthcare services. Conclusion: Home care nursing has significant economic benefits in multi health care service settings and for various patient groups. Therefore these results will be used a critical evidence for the development of economically effective home based health care systems for future policy making.

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