• Journal of the Korea Institute of Building Construction
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• v.9 no.5
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• pp.135-144
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• 2009

The primary focus of this study has been directed towards assessing the potential impact of construction method improvement on a reduction in project cost. A total of 90 actual application cases were collected from a public organization and private construction firms, and 32 cases were used in analysis by adopting a synthetic approach. The level of cost reduction was measured in terms of material and labor cost by comparing the existing method and the improved method. An analysis of the results indicates that project cost can be reduced by up to 5.26 percent compared to a normal project by adopting a synthetic approach. Additional benefits include the assurance of uniform quality, savings in terms of labor and/or materials, and improved productivity. The potential of the applicability of this approach to other types of buildings and the implications of research findings were discussed in detail.

• The Journal of Korean Society for School & Community Health Education
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• v.15 no.2
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• pp.115-125
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• 2014

Objectives: The purpose of this analysis was to assess the maternal and child health program in Lao PDR, which was implemented to reduce maternal and child mortality in Laos. Target areas for the project included 2 provinces (Xiengkhuang, Houaphan) with all 18 districts within them. The beneficiaries of this project included 121,000 childbearing women and 62,000 children under 5 years old (LSIS, 2012). Methods: In this study, it was done for efficiency evaluation of the assistance projects of the health sector of maternal and child health promotion program in Laos that took place from 2010 to 2013. We conducted a cost-benefit analysis for the evaluation of the effectiveness of that program was being carried out effectively. Results: This evaluation adopted the Cost-Benefit analysis approach. Key findings of the Cost-Benefit analysis are the following: The Benefit-Cost Ratio of 1.012, Net Present Value of 84,250,000 Korean Won, an estimated Internal Rate of Return of 10.12%. These findings suggest that project activities were efficiently implemented. Conclusion: As a result, maternal and child health project in Laos has been analyzed that there was economic efficiency. Therefore, It is considered necessary and continued support expansion of program in the future. The direction of maternal and child health project in Laos, approach and community policy support must be included. Integrated approach between the program approach and overall health should be performed for healthy life habit.

• Environmental and Resource Economics Review
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• v.23 no.3
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• pp.453-472
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• 2014

Analyzing the effects of carbon emissions trading, which is scheduled to be introduced in Korea in 2015, requires an accurate assessment of $CO_2$ abatement costs by both industries and firms. Firms faced with regulatory constraints are unlikely to minimize their production costs due to rising production costs caused by allocative inefficiency of inputs. The use of a distance function would results in underestimation of $CO_2$ abatement costs, because it fails to capture the allocative distortion costs. Recognizing the disadvantage of the previous approach, first, this paper tests for allocative efficiency of input for the Korean steel industry over the period 1990-2010, then derives the marginal $CO_2$ abatement costs by applying a cost function approach. The hypothesis of allocative efficiency in inputs is rejected and the steel industry pays an annual average cost of 92,000 won in removing an additional ton of $CO_2$ over the sample period.

• KIEE International Transactions on Power Engineering
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• v.5A no.3
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• pp.303-308
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• 2005

The restructure of the electrical power industry is accompanied by the extension of the electrical power exchange. One of the key pieces of information used to determine how much power can be transferred through the network is known as available transfer capability (ATC). The traditional ATC deterministic approach is based on the severest case and it involves a complex procedure. Therefore, a novel approach for A TC calculation is proposed using cost optimization in this paper. The Jeju Island interconnected HVDC system has inland KEPCO (Korean Electric Power Corporation) systems, and its demand is increasing at the rate of about $\10[%]$ annually. To supply this increasing demand, the capability of the HVDC system must be enlarged. This paper proposes the optimal transfer capability of the HVDC system between Haenam in the inland and Jeju in Cheju Island through cost optimization. The cost optimization is based on generating cost in Jeju Island, transfer cost through Jeju-Haenam HVDC system and outage cost with one depth (N-1 contingency).

• International conference on construction engineering and project management
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• 2024.07a
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• pp.745-752
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• 2024

This paper presents a study that compares and analyzes the practices of utilizing BIM (Building Information Modeling) for construction cost estimation in Japan and China. The study delves into the nuanced differences and similarities in cost estimation methodologies between the two countries. The overview section explored their respective standard specifications, and the methodologies for construction quantities take-off, covering both the bottom-up estimating approach and the all-in unit rate approach. Additionally, the paper delves into the item code system used in BQ (Bills of Quantities), elaborating on its introduction and practical application. The paper meticulously breaks down the process of quantities take-off facilitated by BIM models and cost-estimating software. The study also delves into the developmental trends in comprehensive BIM standards about construction cost, coupled with the proposition of a BIM code for seamless integration into construction cost practices as part of a forward-looking research plan. In conclusion, the paper encapsulates the comparative findings, highlighting the strengths, weaknesses, and potential areas for improvement in the BIM-enabled construction cost estimation practices of Japan and China. This study contributes to a deeper understanding of the utilization of BIM technology in the construction industry, offering valuable insights for practitioners, researchers, and policymakers alike.

• Journal of Korean Society of Environmental Engineers
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• v.30 no.12
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• pp.1245-1254
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• 2008

Proposing a method for the estimation of the social cost for global warming impact (external cost) is the aim of this paper. Both the endpoint approach and conjoint analysis were applied to estimating the social cost for global warming. The endpoint approach was used to assess the damage on the safeguard subjects by global warming due to the emission of greenhouse gases into the atmosphere. The conjoint analysis was used to estimate the economic values for safeguard subjects which measure the social preferences and willingness to pay (WTP) on safeguard subjects. The economic values of human health and social asset were estimated at 62,261,700 Won / DALY (yr) and 10,000 Won / 10,000 Won, respectively. Moreover, cost factors of GHGs were calculated by multiplying the damage factor which is quantified the unit damage on safeguard subject and the economic value. In the case of CO$_2$, the cost factor was calculated at 13.52 Won / kg (13,520 Won / ton). External cost of products or services can be calculated by multiplying the GHG inventory result of products or services by the cost factor of each GHG. inventory.

• Journal of Korean Institute of Industrial Engineers
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• v.24 no.2
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• pp.175-183
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• 1998

When a product is designed, tolerances must be given to the product so that required functions are guaranteed and production costs are minimized. In this research, a model is suggested which allocates tolerances to components optimally according to the STA(Statistical Tolerance Allocation) method. Taking into account the concept that dimensional errors have characteristics of statistical distributions, this model presents the discrete pseudo-boolean approach for the tolerance optimization by minimizing the tolerance cost and the quality loss cost. In this approach, two methods are proposed for the reduction of the problem scale; 1) a method for converting the minimization model for casts into the maximization model for cost savings, and 2) procedures to reduce the number of constraints and variables.

• Progress in Superconductivity and Cryogenics
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• v.22 no.1
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• pp.17-23
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• 2020

Cryogenic insulation systems, with proper materials selection and execution, can offer the highest levels of thermal performance. Insulations are listed in order of increasing performance and, generally, in order of increasing cost. The specific insulation to be used for a particular application is determined through a compromise between cost, ease of application and the effectiveness of the insulation. Consequently, materials, representative test conditions, and engineering approach for the particular application are crucial to achieve the optimum result. The present work is based on energy cost balance for optimizing the thickness of insulated chambers, using foamed or multi layered cryogenic shell. The considered insulation is a uniformly applied outer layer whose thickness varies with the initial and boundary conditions of the studied vessel under steady-state radial heat transfer. An expression of the optimal insulation thickness derived from the total cost function and depending on the geometrical parameters of the container is presented.

• Journal of The Korean Society of Agricultural Engineers
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• v.50 no.6
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• pp.61-71
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• 2008

An advanced model for assessing life cycle cost of the facility containing several subdivisions has been proposed with systems engineering approach. This model evaluates the maintenance cost in the sphere of the safety as well as in that of its functionality. The proposed approach has been shown to be more reasonable and practical than existing models. The serviceability and reasonability have been proved through evaluating life cycle cost of the reservoir which is a representative agricultural facility. In addition, the proposed method is helpful to make a maintenance strategy using the survival probability in the point of safety and functionality.

• IE interfaces
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• v.14 no.1
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• pp.20-29
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• 2001

This paper presents a concurrent design approach that deals with manufacturing cell formation and cellular layout in Cellular Manufacturing System. Manufacturing cell formation is to group machines into machine cells dedicated to manufacture of part families, and cellular layout problem determines layout of the manufacturing cells within shop and layout of the machines within a cell. In this paper, a concurrent approach for design of machine cell and cellular layout is developed considering manufacturing parameters such as alternative process plans, alternative machines, production volume and processing time of part, and cost per unit time of operation. A mathematical model which minimizes total cost consisting of machine installation cost, machine operating cost, and intercell and intracell movements cost of part is proposed. A hybrid method based on genetic algorithm is proposed to solve the manufacturing cell formation and cellular layout design problem concurrently. The performance of the hybrid method is examined on several problems.