• Proceedings of the Korean Institute of Building Construction Conference
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• 2012.05a
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• pp.161-163
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• 2012

Recently on Value Engineering(VE) and Life Cycle Cost(LCC) social interests is increasing. The government Turn Key, BTL projects and public works projects, such as VE and LCC Analysis on the value and economic analysis is mandatory. And accordingly the VE and LCC analysis is underway for the various studies. However, there is a problem existing in the LCC analysis. Worth the cost varies according to the flow of time. However, the real interest rate during the LCC analysis of buildings in calculation time for interest rates and inflation are not considering the value of the flow. In other words, a few years using the average value of the deterministic analysis method has been adopted. These costs for the definitive analysis of the cost of an uncertain future, unforeseen changes resulting hazardous value. In this study of the last 15 years interest rates and inflation targeting by using Monte-Carlo Simulation is to perform probabilistic analysis. This potential to overcome uncertainties of the cost of building a more scientific and LCC Estimation of the probability value of the real interest rate is presented.

• Journal of the Korea Institute of Building Construction
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• v.13 no.6
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• pp.585-593
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• 2013

For a successful construction project, systematic and objective decision-making is a prerequisite from the planning and designing stages. However, previous LCC analysis methods have focused only on simple cost savings and the accompanying economic efficacy while missing the environmental aspects of a structure. Although recently, a new approach of integrated $CO_2$ analysis has been introduced, which is more advanced than the existing simple LCC methods, it is difficult to collect all of the data necessary for each evaluation item since the product-specific cost is not presented under the LCC. In this research, cost evaluation items were selected by relatively high weights and items with heavy influence over a decision-making process in order to suggest an LCC-LCA integrated analysis model that is useful in comprehensively assessing the economic cost and environmental cost throughout the whole life cycle of a structure. The developed LCC-LCA integrated analysis model was applied to actual practices and compared with previous methods to test the model's effectiveness.

• Korean Journal of Construction Engineering and Management
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• v.9 no.4
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• pp.182-192
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• 2008

The purpose of this research is to identify problems and solutions of domestic Life Cycle Cost analysis in BTL(Build-Transfer-Lease), a PFI(Private Finance Initiatives) project. It is expected BTL would be quite effective delivery method for public construction introducing the private's major capital investments and technologies, and obviously LCC analysis is becoming more important factor for success of BTL projects. Nevertheless, there are still some complicated issues in LCC analysis, a technique for selecting the optimal VE(Value Engineering) proposals and estimating OM&R (Operation, Maintenance, & Repair) cost of the buildings, and has been applied limitedly. This research mainly focuses on educational facility, as most frequently delivered by BTL currently, especially with two levels (Alternative LCC and Building LCC) , which is occupied main potion in BTL project. In addition, it identifies four main problems and suggests their solutions through case studies focusing six major factors (WBS, Repair Information, Life Cycle, Time value of money, Repair Information Database, LCC Model) from three projects. Advanced development of this research requires closer partnership between the private / public sectors, and their long term strategies.

• Korean Journal of Construction Engineering and Management
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• v.8 no.3
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• pp.159-167
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• 2007

In this study, the concepts of integrated VE analysis assessment is introduced in order to achieve "Design for Deterioration performance" in design VE phase. For this purpose, a framework for fuzzy reliability based LCC and value analysis model using fuzzy logic based approach for breakwaters Projects is suggested. It is anticipated that the methodology Proposed in this paper can also be utilized in the design and maintenance phase of other facilities where decision making is made for the fuzzy reliability based life cycle cost and value analysis.

• Korean Journal of Construction Engineering and Management
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• v.8 no.5
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• pp.71-79
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• 2007

It is common that the analysis of VE/LCC is performed in design phase of quay wall structures. The analysis is mainly executed based on experience and engineering sense of expert considering the selection of construction method, construction and maintenance cost. Recently there are increasing demands on the analysis that includes uncertainty and vulnerability of input parameters, for this purpose, fuzzy reliability based probabilistic VE/LCC analysis model for quay wall structures is suggested. In VE/LCC analysis for quay wall structures, the application of probabilistic analysis method give very similar results compare with those of deterministic analysis method. It is anticipated that the methodology proposed in this paper can also be utilized in the design and maintenance phase of other facilities where decision making is made for the probabilistic life cycle cost and value analysis.

• Korean Journal of Construction Engineering and Management
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• v.6 no.2 s.24
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• pp.129-138
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• 2005

The purpose of this study is to assess economic effects for an advanced technology-based HVAC system. The study has been performed using LCC technique for the economic analysis. Data for LCC analysis are collected from estimation and interview of estimators and maintenance experts of buildings. Based on the LCC analysis, the economic effect of a new HVAC system has been predicted as follows : for the investment during 15 years of study period, (1) $21.6\%$ of LCC saving is predicted, (2) return rate for the investment is 4.8 times in case of new construction, and 14.4 times in case of building remodelling.

• Proceedings of the KSR Conference
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• 2005.11a
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• pp.488-493
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• 2005

Railload line design of the railroad construction project should be planed considering the variety of quantitative and qualitative factors, and needs to be selected the optimum altinative weighing from VE/LCC analysis of the planned design. The purpose of this research is for showing selecting plan of the optimum railload line and railway bridge applying VE/LCC analysis in selecting the optimum altinative of railroad construction based on quantitative and qualitative factors, such as initial construction cost, maintenance cost, owner and user's requirements. In this research showed the application plan by each stage using data analysis, function analysis, and alternative evaluation of VE/LCC analysis with AHP and LCC analysis program for the selection. This research is proved the rationality and application of the course of selecting the optimum alternative through case application

• Journal of the Korea institute for structural maintenance and inspection
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• v.10 no.1
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• pp.223-230
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• 2006

In this paper the method for repair LCC evaluation of reinforced concrete structures deteriorated by chloride attack was constructed. Also, the FEM analysis for chloride ion penetration into concrete was conducted to evaluate the repair LCC which was decided by the number of repair times including early stages of construction and repair construction during the service life of structures. As a result, the number of repair times is obtained from the comparing the concentration of the chloride ion in a rebar position, and the critical chloride ion concentration of rebar corrosion through the FEM analysis considering the kind of repair materials and methods. Also, the repair LCC could be calculated by the number of repair times during the service life of structures.

• Proceedings of the KSR Conference
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• 2010.06a
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• pp.1630-1641
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• 2010

LCC can be defined as "the sum of present values of investment costs, capital costs, installation costs, energy costs, operating costs, maintenance costs, and disposal costs over the life-time of the project, product, or measure." LCCA involves estimating the costs and timing associated with each alternative over a selected analysis period and conversion of those costs to economically comparable values considering the time-value of money. The several Excel-Based LCC tools found on the internet are described in this paper. Also, This paper performed an analysis of the existing LCC commercial tools, assessing various aspects of each program. The goal was to evaluate the best features of each tool and to identify the requirements for LCC evaluation of Urban Transit Vehicle. The LCC tools are developed to address problems in many different areas and a tool developed and structured for one area cannot generally be used in another area. No general LCC tool exists and if one is needed for Urban Transit Vehicle it has to be developed by the project. Since a full LCC can be very complex it is likely that this Excel-Based LCC tool should be a small and simple tool for quick cost estimates. This paper presents a LCC tool consisting of eight excel sheets, which are "Project", "CBS", "PBS", "PM", "CM", "Others", "LCC Result" and "Diagram".

• Journal of the Korea Academia-Industrial cooperation Society
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• v.21 no.2
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• pp.611-618
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• 2020

The reliability of the results of LCC analysis is determined by accurate analytical procedures and energy data from which the uncertainty is removed. Until now, systems that can automatically measure these energy data and produce databases have not been commercialized. Therefore this paper proposes a concept model of an S-LCC platform that can automatically collect and analyze electric energy consumption data of equipment systems using the IOT, which is the core tool in the Fourth Industrial Revolution and operates the equipment system efficiently using the analyzed results. The proposed concept model was developed by the convergence of existing BLCS and IOT and was comprised of five modules: Facility Control Module, LCC Analysis Module, Energy Consumption Control Module, Efficiency Analysis Module, and Maintenance Standard Reestablishment Module. Using the results of LCC analysis deduced from this system, the deterioration condition of an equipment system can be identified in real-time. The results can be used as the baseline data to re-establish standards for the maintenance factor, replacement frequency, and lifetime of existing equipment, and establish new maintenance standards for new equipment. If the S-LCC platform is established, it would increase the reliability of LCC analysis, reduce the labor force for entering data and improve accuracy, and would also change disregarded data into big data with high potential.