• Journal of the Korea Academia-Industrial cooperation Society
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• v.17 no.4
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• pp.19-25
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• 2016

Engineering structures including civil infrastructures require a life-cycle cost and benefit during their service lives. The service life of a structure can be extended through appropriate inspection and maintenance actions. In general, this service life extension requires more life-cycle cost and cumulative benefit. For this reason, structure managers need to make a rational decision regarding the service life management considering both the cost and benefit simultaneously. In this paper, the probabilistic decision tool to determine the optimal service life based on cost-benefit analysis is presented. This decision tool requires an estimation of the time-dependent effective cost-benefit under uncertainty to formulate the optimization problem. The effective cost-benefit is expressed by the difference between the cumulative benefit and life-cycle cost of a deteriorating structure over time. The objective of the optimization problem is maximizing the effective cost-benefit, and the associated solutions are the optimal service life and maintenance interventions. The decision tool presented in this paper can be applied to any deteriorating engineering structure.

• Journal of Korean Association for Spatial Structures
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• v.7 no.1 s.23
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• pp.87-94
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• 2007

An economic analysis is one of the most important factor to determine tile project feasibility. In some mega project, however, it is not unique factor to make a Go or No-Go decision because of overriding this work, an economic aspect by some project indirect factor such as political, social, environmental and technical factor, etc. The purpose of the this study is to investigate the cost model effects of spatial structure.

• International conference on construction engineering and project management
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• 2015.10a
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• pp.691-692
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• 2015

Several scholars in South Korea have predicted that maintenance costs of social infrastructure will sharply increase from the mid-2020s, and cause budgetary deficits among facilities management agencies. Interest in infrastructure asset management (IAM) is rising as a solution to such problem. In this study, an information system for asset valuation that reflects the salvage value and deferred cost of social infrastructure based on WBS (work breakdown structure) was developed in consideration of IAM. To reuse the construction cost information such as the acquisition cost, the interconnection between CBS (cost breakdown structure) and WBS was considered. Furthermore, asset valuation information was developed with XML schema to facilitate the exchange and reuse of the information among project participants.

• Proceedings of the KIEE Conference
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• 2011.07a
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• pp.2169-2170
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• 2011

This paper presents about the analysis on cost factor reduction using the life cycle cost model for motor block in the KTX-1. Until now, most life cycle cost of the system as a whole that has been studied. but in case of railway industry part, LCC studies are needed on the subsystem like a propulsion control system because subsystems are developed continuously localization. Therefore, In this paper presents cost breakdown structure for life cycle cost (LCC) estimation for localization development of propulsion control system (Motor Block) in high speed railway vehicle (KTX-1). Also to analysis LCC on motor block, it was analyzed physical breakdown structure (PBS) and preventive cost on propulsion control system in view of maintenance cost. Based on this, we describe life cycle cost on motor block of KTX-1.

• Journal of Korean Society of Industrial and Systems Engineering
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• v.33 no.2
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• pp.162-169
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• 2010

This paper analyzes the difference between theoretical cost of quality and real world cost. Examined are the theoretical cost structure of quality, it's measurement styles, a process based improvement strategy of quality cost, and possible adaptation of decision making concepts in enhancing the cost structure. This study will contribute to the literature in delineating an improvement process of quality cost by adjusting service policy.

• 한국방재학회:학술대회논문집
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• 2007.02a
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• pp.497-500
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• 2007

Data structure was designed not only to estimate LCC but also to analyze time-variant reliability index of plate girder bridges. Information model for data structure was categorized into cost information, cost variable information, user cost information, and reliability analysis information according to the characteristic of data. EXPRESS language of STEP was adopted to describe the data structure for the electronic representation of LCC information. The suitability of the developed data structure was verified by estimating LCC and analyzing time-variant reliability index of a plate girder bridge considering corrosion on the basis of the constructed test database.

• Proceedings of the KSR Conference
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• 2008.06a
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• pp.1350-1358
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• 2008

Recently the study related to life cycle cost analysis of railway structure consisted of a complex is proceeded covering several range, which is considering the methodology of efficiency and rationalization for maintenance and analysing long-time behavior of the structure of looking at standpoint from asset management and safety. But LCCA(life cycle cost analysis) of railway structure was almost impossible as there were not anything datum for maintenance plan, such as maintenance periods related to each of components(painting and corrosion of steel, and cracking of elements, etc)and maintenance proportion, despite of its 100-year history. According, for collecting data related to railway truss bridge, bridge record cards and testing safety papers, and researching question, etc are surveyed and classified for LCC Analysis. Especially, LCC assessment on the side of assets-maintenance considering about initial cost, maintenance cost, and indirect cost is constructed. Maintenance period and complementary measure rate are very important in maintenance. To decide maintenance period, Baysian updating method is applied.

• Journal of Korean Society for Quality Management
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• v.51 no.3
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• pp.461-479
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• 2023

Purpose: It emphasizes the importance of cost analysis for weapons systems that require enormous develop- ment costs, analyzes the problems of cost analysis steps from a practical point of view, and presents the direction of business development in terms of cost analysis reliability, timeliness, and efficiency. Methods: It analyzes the R&D cost of Micro satellites with a complex cost structure and large scale according to engineering estimation procedures, derives major analysis step-by-step problems, and presents business development directions. Results: Problems with standards and assumptions, data collection, cost division structure, and cost estimation methods were derived through the micro satellite cost analysis process, and business development directions such as expanding common standards, standardizing basic data, standardizing cost division structures and cost items, and data asset were presented. Conclusion: In order to develop work in terms of cost analysis reliability, timeliness, and efficiency, it is important to prepare and standardize standards and rules for detailed tasks at each analysis stage, and through this, it is expected that high utilization value and systematic cost data will be assetized in the future.

• Journal of the Korea Safety Management & Science
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• v.14 no.2
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• pp.49-54
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• 2012

As all kind of industry has developed, metal structure and machine instrument use bolt, pin, rivet and welding for assembly and combination. For pin and hinge, dimension accuracy is crucial to keep the operation and safety of the structure and machine instrument. In case of complex machine, the hinge for cover open-loop system is one of the significant design elements. Most of the hinges are being imported and assembled sine they give high technology development cost for its unit cost position. The reason is that the localization of hinge is inadequate. As the demand increase and the necessity of localization grow, it is now more important than ever to develop low cost structure. By the low cost structure, a new technology could be obtained for electronic product and structural hinge since it would enable for complex machine hinge to be guaranteed, technologically. Open-loop hinge is the link type and designed for the structure to keep constant open-loop. And, the hinge is examined in design stability by finite element analysis method. In this paper, the operation result is presented when the hinge for complex machine open-loop is designed for link type structure.

• Journal of the Korean Operations Research and Management Science Society
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• v.22 no.2
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• pp.169-180
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• 1997

In this study, we estimate the multi-service cost function of Korea Telecom in order to characterize the cost structure of the telecommunication industry in Korea. By examining the cost function of Korea Telecom, we show that telecommunication costs of Korea Telecom are subadditive. Therefore, we conclude that a natural monopoly exists in the telecommunication industry in Korea.