• Title/Summary/Keyword: Cost-effect

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The Effect of Requirement Creep on the Fixed-Cost Project Planning (요구사항 변경이 확정가 프로젝트 계획에 미치는 영향)

  • Lee, Sang-Un
    • The KIPS Transactions:PartD
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    • v.14D no.6
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    • pp.641-648
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    • 2007
  • To develop a dynamic system project in which the requirement changes frequently, it's impossible to finish the development within a fixed-cost due to additional budget occurring in need of requirement creep. To manage the successive project within a fixed-cost, it's better to manage the ratio of necessarily changed size of project and necessary optional requirement. According to Bhagwat, it is occurred in the construction phase. Also, he stated that the software development cost, construction phase cost and requirement cost are equal and it was wrong explanation in the ratio of requirement creep and optional requirement. This paper assumes the requirement creep to be happening in the phase of elaboration and construction. In addition, some differences were supposed to happen between software development cost, construction phase cost, and requirement creep cost. As a result, the reality was preferred rather than the ratio of optional requirement and the ratio of requirement creep.

Analysis on Characteristic of Construction Cost for Steel Box Bridge (강박스교량 공사비 특성 분석)

  • Sun, Chang Won;Kyung, Kab Soo;Kang, Shin Hwa;Kwon, Soon Cheol
    • Journal of Korean Society of Steel Construction
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    • v.21 no.1
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    • pp.1-14
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    • 2009
  • Estimating appropriate construction cost at the design phase is judged with one important issue to the efficient security and the execution of budget. Therefore, in this paper, to build fundamental data of appropriate construction cost for steel box bridges, the existing calculated document such as the quantity, unit price document and detail items etc.. was analyzed and the basic specification of the bridges was investigated. Also, by estimating the relationship between predetermined cost and construction items on the bridges, the paper is intended to produce basic data for the calculation of appropriate construction cost in planning phase. From the result, it was calculated ratio of construction item in the total construction cost and unit cost. And then it was deduced effect factor of construction cost in steel box bridge.

Probabilistic Analysis of Repairing Cost Considering Random Variables of Durability Design Parameters for Chloride Attack (염해-내구성 설계 변수에 변동성에 따른 확률론적 보수비용 산정 분석)

  • Lee, Han-Seung;Kwon, Seung-Jun
    • Journal of the Korea institute for structural maintenance and inspection
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    • v.22 no.1
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    • pp.32-39
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    • 2018
  • Repairing timing and the extended service life with repairing are very important for cost estimation during operation. Conventionally used model for repair cost shows a step-shaped cost elevation without consideration of variability of extended service life due to repairing. In the work, RC(Reinforced Concrete) Column is considered for probabilistic evaluation of repairing number and cost. Two mix proportions are prepared and chloride behavior is evaluated with quantitative exterior conditions. The repairing frequency and cost are investigated with varying service life and the extended service life with repairing which were derived from the chloride behavior analysis. The effect of COV(Coefficient of Variation) on repairing frequency is small but the 1st repairing timing is shown to be major parameter. The probabilistic model for repairing cost is capable of reducing the number of repairing with changing the intended service life unlike deterministic model of repairing cost since it can provide continuous repair cost with time.

A Study on the Presumption of Proper Construction Cost of Distribution Facilities by Analyzing Actual Construction Cost (실적공사비 분석을 통한 유통시설물의 적정공사비 추정에 관한 연구)

  • Go, Seong-Seok;Kim, Hyun-Sik;Lee, Hyun-Chul
    • Korean Journal of Construction Engineering and Management
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    • v.9 no.3
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    • pp.108-117
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    • 2008
  • The appearance of the large distribution facility of large enterprise putting first reaches get to the various effect until change of leisure life and life pattern of the consumers from the distribution industry of the interior of a country. Competition of the distribution facility upgrade of the distribution facility and it shows the aspect which becomes the semi-department store, and construction cost is appearing different in proportion to each form or scale. Therefore, purpose of this study was to facilitate amicable construction progress between the owner and the builder through estimating the proper construction cost. This study investigated and analyzed the actual cost of 15 domestic distribution facilities and these datums were used to estimate the proper construction cost. This cost shows that from new project accomplishment through analysis of prediction construction cost for feasibility study from initial plan and design step and can be utilizable elementary data bH decision method to whether or not to propriety of distribution facilities business.

Economic and Environmental Effect Analysis of Rhodium Recycling System (로듐 재자원화의 경제적 및 환경적 효과 분석)

  • Seong You Lee;Kayoung Shin;Doo Hwan Kim;Yong Woo Hwang;Hong-Yoon Kang;Sung Min Hong;Da-Yeon Kim
    • Resources Recycling
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    • v.32 no.3
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    • pp.45-56
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    • 2023
  • This study analyzed the economic and environmental effect of recycling rhodium used in the non-catalytic field. As an analysis methodology, economic effect analysis applied cost-benefit analysis and resource-saving effect analysis and the environmental effect analysis applied life cycle assessment (LCA). The results show that from an economic point of view, the cost-benefit ratio was 1.28, which was feasible, and the cost reduction was 237,000 won based on 1 g of rhodium recycled and the amount of rhodium recycled was 7.17 billion won in 2025. As for the environmental effect, the greenhouse gas(GHG) emissions were compared between the case of recycling based on rhodium 1 kg and the case of overseas sales. The calculation results show that based on rhodium 1 kg, greenhouse gas emissions were reduced by 99.8%, from 65 kg CO2eq./kg-Rh when recycling to 28,800 kg CO2eq. when sold overseas. The results obtained from this study could suggest that rhodium recycling is necessary in Korea where resources are scarce by analyzing the economic and environmental effect of recycling rhodium used in the non-catalytic field.

The Estimation Method of Equipment Maintenance Cost (장비유지비 소요 예측 기법 연구)

  • Kim, Jeong-Ki
    • Journal of the military operations research society of Korea
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    • v.34 no.3
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    • pp.41-51
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    • 2008
  • Advanced high-tech weapons have enormous affect on combat strength in modern warfare. However, lack of maintenance can cause decrease in equipment operating rate as well as decrease in expectation on demonstrative effect of combat strength during wartime. Therefore it is essential for combat readiness that the optimum requirement of equipment maintenance cost are forecasted and included in the budget. In this paper, the trend of equipment maintenance cost about K-111 1/4t military vehicle is first analyzed by evaluating the performance data of field operation. Secondly, based on above analyzed results, the forecasting model of equipment maintenance cost is designed. Finally, by applying this forecasting model, suggestion and estimation method of equipment maintenance cost have presented for the foreseeable future.

Innovative application of Quality Cost System in LCD Industry (LCD 산업에서 품질코스트시스템의 혁신적 활용 연구)

  • Oh, Sang-Young;Park, Jong-Woon
    • Journal of the Korea Academia-Industrial cooperation Society
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    • v.9 no.1
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    • pp.195-201
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    • 2008
  • LCD Enterprises introduce quality management strategy to survive in rapid change of production situation. Especially in LCD industry, competitiveness is more needed ever before in the decrease of investment resulted from frequent business fluctuations and in the appearance of the third competitor. In order to overcome this situation, the quality cost system should be implemented as it is suited to a company, but few companys introduce and apply the quality cost system in LCD industry. Thus, Critical factors for outstanding LCD company to apply successfully quality cost system are studied in this paper. The level of importance of the factors is measured be weighted value analysis and a way to maximize the effect of applying quality cost system in LCD industry is proposed by the order of importance.

Cost Analysis of Recycled Aggregate Production on Airport Pavement (공항포장용 순환골재의 처리방법별 경제성 분석)

  • Kang, Seung Min;Lee, Hwal Ung;Yang, Sung Chul
    • International Journal of Highway Engineering
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    • v.16 no.5
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    • pp.39-47
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    • 2014
  • PURPOSES : This study aimed to analyze economic effect of recycled aggregate production on job-site airport pavement. METHODS : The validation of site recycling for waste concrete as economic efficiency is analyzed through the case study of site recycling at an O airport pavement construction. The break-even point for the cost of site recycling was estimated according to two different waste concrete processing methods such as job-site recycling and processing on commission (or plant). RESULTS : Job-site recycling cost decreases as the use rate of job-site recycled concrete aggregate increases, or the amount of concrete waste increases, but transporting distance decreases. It was shown in an O airport case that as the use rate of job-site recycled concrete aggregate exceeds 61.4 %, the job-site recycling cost is cheaper than the processing cost on commission. CONCLUSIONS : The results of this study can utilize basic data of feasibility for site recycling of waste concrete on airport pavement construction.

Economic Analysis of Power Transmission Lines using Interval Mathematics

  • Teegala, Srinivasa Kishore;Singal, Sunil Kumar
    • Journal of Electrical Engineering and Technology
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    • v.10 no.4
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    • pp.1471-1479
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    • 2015
  • A major portion of the capital costs in the present day power transmission systems are due to the cost of equipment and construction process. Transmission utilities in the recent years are drawing greater attention towards performing life cycle costing studies for cost management and decision making. However, the data involved in these studies are highly uncertain and the effect of these uncertainties cannot be directly included in the study process, resulting in inaccurate solutions. Interval mathematics provides a method for including these uncertainties throughout the cost analysis and provides final solution range in the form of intervals. In this regard, it is essential and extremely important that significant research has to be carried out in understanding the principles of life cycle costing methodology and its applicability to cost analysis of transmission lines along with uncertainties involved in the cost assessment process. In this paper, economic analysis of power transmission lines using interval mathematics has been studied. Life cycle costing studies are performed using net present value analysis on a range transmission lines used in India and the results are analyzed. A cost break even analysis considering right of way costs was carried out to determine the point of economy indifference.

Development of Tunnel Construction Cost Model Using System Dynamics (시스템 다이내믹스를 이용한 터널공사비 모델 개발)

  • Park, Yong-Woo;Park, Hee-Sung
    • The Journal of the Korea Contents Association
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    • v.12 no.4
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    • pp.468-475
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    • 2012
  • Construction cost of tunnel is decided on construction area, site conditions, and construction methods. However, there is few research on developing models to estimate early construction costs. Therefore, this paper presents a model for early estimation tool for NATM tunnel using system thinking. The effect factors for tunnel construction cost were defined and the causal map is developed. Then empirical case analysis were performed to identify the cost difference due to tunnel length, excavation volume, and rock quality. The proposed model would be an alternative to estimate early construction cost of NATM tunnel.