• The Journal of Asian Finance, Economics and Business
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• v.8 no.5
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• pp.667-678
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• 2021

The industrial life cycle theory was extended to the product life cycle theory and the corporate life cycle theory, but a conceptual life cycle was presented, and quantitative empirical evidence for this was insufficient. It is intended to improve appropriate resource planning and resource allocation by quantitatively predicting the industrial cycle and its position (age) in the cycle. Human resources, tangible assets, and industrial output analysis were conducted based on 28 years of actual data of 39 industries in Korea by applying the Gompertz model, which is a population ecology prediction model. By predicting with the Gompertz model, the coefficient of determination R2 value was 97% or more, confirming the high suitability with the actual cumulative sales value of the industry. A numerical model for calculating the life cycle of each industry, calculating the saturation of input resources for each industry, and diagnosing the financial stability of the industry was presented. These results will contribute to the decision-making of industrial policy officers for budget planning appropriately for each stage of industry development. Future research will apply the numerical model of this study to foreign national industries, complete an inter-industry convergence diagnostic model (e.g. ease of convergence, suitability of convergence, etc.) for renewal of fading industries.

• Korean Journal of Air-Conditioning and Refrigeration Engineering
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• v.14 no.2
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• pp.134-142
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• 2002

LCC (Life-Cycle Cost) analysis is a practical method and a guideline for evalua-ting the economic performance of building service systems. By using the LCC analysis, the most cost-effective design decision can be made, which has the lowest LCC during the project study period among the various design alternatives. The present case shows an example of appro-priate use of the LCC analysis, by demonstrating the procedures of decision making among at-tarnative building HVAC systems at community center and congress hall of a local government.

• Journal of the Korean Society of Safety
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• v.29 no.6
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• pp.94-98
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• 2014

This study was intend to develop the optimal design method of suspension bridge by the reliability analysis based on minimization of life cycle cost(LCC). The reliability analysis was performed considering aleatory uncertainties included in the result of numerical analysis. The optimal design was estimated based on life-cycle cost analysis depending on the result of reliability analysis. As the effect of epistemic uncertainty, the safety index (beta), failure probability (pf) and minimum life cycle cost were random variables. The high-level distributions were generated, from which the critical percentile values were obtained for a conservative bridge design through sensitivity assessment.

• Proceedings of the Computational Structural Engineering Institute Conference
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• 2008.04a
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• pp.387-390
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• 2008

The importance of the life cycle cost analysis for construction projects of bridge has been recognized over the last decades. Accordingly, theoretical models, guidelines, and supporting softwares have been developed for the life cycle cost analysis of bridges. However, it is difficult to predict life cycle cost considering uncertainties precisely. This paper presents methodology for optimal design of substructure for a steel box bridge. Total life cycle cost for the service life is calculated as sum of initial cost, damage cost considering uncertainty, maintenance cost, repair and rehabilitation cost. The optimization method is applied to design of a bridge substructure with minimal cost, in which the objective function is set to life cycle cost and constraints are formulated on the basis of Korean Bridge Design Specification. Initial cost is calculated based on standard costs of the Korea Construction Price Index and damage cost on the damage probabilities to consider the uncertainty of load and resistance. An advanced first-order second moment method is used as a practical tool for reliability analysis using damage probability. Maintenance cost and cycle is determined by a stochastic method and user cost includes traffic operation costs and time delay costs.

• International conference on construction engineering and project management
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• 2011.02a
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• pp.273-279
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• 2011

Concerns over the environment have spawned a number of research studies in the construction industry, as the construction of built environments and large infrastructures involves diverse environmental impacts and loads of hazardous emissions. Many researchers have attempted to quantify these environmental loads, including greenhouse gases, carbon dioxide, nitrogen dioxide, and sulfur dioxide, to name a few. However, little research has been conducted regarding integrating the life-cycle assessment (LCA) of environmental loads with the current life-cycle cost analysis (LCCA) approach. This study aims to estimate the environmental loads as a monetary value using the European Climate Exchange (ECX) rate and, then, to integrate those impacts with the pure construction cost. Toward this end, this study suggests an integrated approach that takes into account the environmental effect on the evaluation of the life-cycle cost (LCC). The bill of quantity (BOQ) data of a real highway project are collected and analyzed for this purpose. As a result, considering the environmental loads in the pavement process, the total LCC increased 16% from the traditional LCC cost. This study suggests an integrated approach that will account the environmental effect on the LCC. Additionally, this study is expected to contribute to better decision-making, from the perspective of more sustainable development, for government as well as for contractors.

• Journal of the Korean Society of Clothing and Textiles
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• v.34 no.9
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• pp.1454-1469
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• 2010

Brands have their own life cycles and exert a great influence on the marketing activities of companies. This study examines the marketing activities according to a brand life cycle and measures the scope of their performances. The research divides a fashion brand life cycle into three stages through the analysis of secondary data, and validates the causal relationship between marketing activities, brand equity, and consumer behavior according to the brand life cycle. A total of 573 responses were analyzed through a factor analysis, path analysis, and paired t-test with SPSS 12.0. The results are as follows: According to the analysis of the relationship between marketing mix and brand equity, distribution strategies are effective at the introduction/growth stage and the continuation stage. Advertisement strategies should be a main focus at the maturity stage for brand awareness. Throughout all the stages, product strategies wield the greatest influence on the brand image. Among brand equity components, the brand image has an influence on consumer behavior at every stage of the cycle while the brand awareness has no significant effect on consumer behavior. The marketing mix component that has the greatest impact on consumer behavior is product. Contrary to general expectations, price has a negative or insignificant effect on consumer behavior at every stage of the cycle. The results illustrated in this study help to understand the life cycle of fashion brands and characteristics different from consumer goods. Thus, fashion companies should identify at which stage their brands are positioned and develop different strategies to fit each stage.

• Journal of the Korean Society of Safety
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• v.19 no.4 s.68
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• pp.55-59
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• 2004

In this study, the required life cycle cost is evaluated in consideration of the equipment's availability during its lift cycle. In order to meet the maximum availability required by the process, the failure cost and life cycle cost is assessed The optimal equipment selection method is presented according to the analysis of the failure cost and life cycle cost. For the systems in which equipments are connected serially, the optimal equipments are selected by minimizing the life cycle cost and satisfying the required system availability goal. In addition, the selection methods and lift cycle cost are analyzed according to the cost variation of the equipment. By using the life cycle evaluation procedure, the failure cost and maintenance cost needed during the life cycle of the equipment can be presented.

• Proceedings of the IEEK Conference
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• 2005.11a
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• pp.1161-1164
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• 2005

In this paper, we proposed the technique to estimate the life cycle of Internet content services based on the logistic regression model. In this paper, to define parameters of Internet contents estimating life cycle by logistic regression model, we used market size, traffic amount, page view and session-visit number as the parameters of Internet contents estimating life cycle by logistic regression model. In this paper, to compare the performance of our proposed scheme, we estimated life cycle for the download services of bell sound & character contents in mobile network. As a result, using our proposed logistic regression, we were able to estimate exactly the life cycle of the download services of bell sound & character contents.

• Proceedings of the Computational Structural Engineering Institute Conference
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• 2005.04a
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• pp.704-711
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• 2005

Recently Life Cycle Cost Analysis for civil infrastructures such as pavements, bridges, and dams has been emphasized However, so far, there are few systems available for life cycle cost analysis of bridges at design stage. Therefore, the objective of this paper is to develop a user-friendly life-cycle cost analysis system for LCC-effective optimal design decision making at design stage. The program is based on the proposed LCC model, formulation, analysis modules and systematic procedure that suit Korean construction conditions. It is expected that the developed system can be effectively utilized for more LCC-effective design of bridges. It is applied to an actual bridge design project in order to demonstrate its effectiveness and applicability.

• Steel and Composite Structures
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• v.27 no.5
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• pp.633-646
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• 2018

This study investigated the seismic performance of a hybrid damper composed of a steel slit plate and friction pads, and an optimum retrofit scheme was developed based on life cycle cost. A sample hybrid damper was tested under cyclic loading to confirm its validity as a damping device and to construct its nonlinear analysis model. The effectiveness of the optimum damper distribution schemes was investigated by comparing the seismic fragility and the life cycle costs of the model structure before and after the retrofit. The test results showed that the damper behaved stably throughout the loading history. Numerical analysis results showed that the slit-friction hybrid dampers optimally distributed based on life cycle cost proved to be effective in minimizing the failure probability and the repair cost after earthquakes.