• Journal of Korean Society for Quality Management
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• v.52 no.2
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• pp.275-286
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• 2024

Purpose: The spare part cost is one of the most important cost factors with which construct Life Cycle Cost. The LCSP(Life Cycle Sustainment Plan) Guidebook issued by Korea Ministry of Defense, however, suggests a simple equation to estimate the spare part cost using maintenance task frequencies and each part cost. Therefore, following the cost estimation method in the LCSP Guidebook may lead to an improper cost estimation result since both the hierarchical structure of the weapon system and the part discard rate are not considered. The purpose of this study is to develop a new life cycle cost estimation method for spare parts of weapon system during its life cycle. Methods: In this study, the detailed cost structure of spare parts is provided. Also a new spare part cost estimation methods for the each cost element are proposed, considering the hierarchical structure of weapon system and the part discard rate. And the proposed spare cost estimation methods are applied to K system for a case study. Results: Based on the case study of K system, the spare part cost estimation method, proposed by this study, shows that it can complement the estimation method suggested by the LCSP Guidebook. It also shows that it is applicable to the weapon systems for Korea armed forces. Conclusion: The proposed life cycle cost estimation method for spare parts has an advantage of estimating the spare part cost more accurately. It is expected to be useful in analyzing the procurement alternatives objectively and making up the Korea armed forces budget effectively.

• Proceedings of the KSR Conference
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• 2007.11a
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• pp.777-783
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• 2007

Life cycle costing is one of the most effective cost approaches when we choose a solution from series of alternative so the least long-term cost ownership is achieved. Life cycle costing in railway industry has been focused on the prediction of investment for railway vehicles. But in today, the life cycle cost, LCC, prediction on the aspect of operation and maintenance cost through whole life cycle is highly necessary. In this paper, we present a strategy for the development of life cycle cost estimation software on the aspect of maintenance strategies of railway vehicle. For this purpose, we suggested a structure of LCC software based on the UNIFE LCC model. And we developed a pilot version of software to evaluate the LCC model that we suggested for railway vehicle. We performed LCC analysis on the brake module of metro vehicle in case study and concluded that the software and model developed in this research could enough to support engineers in choosing better cost effective solutions from many alternatives.

• The Transactions of The Korean Institute of Electrical Engineers
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• v.62 no.2
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• pp.288-292
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• 2013

This paper presents the result of life-cycle cost (LCC) estimation for domestic products propulsion control system (motor block unit) of KTX-1 considering periodic maintenance. Life cycle costing is one of the most effective approaches for the cost analysis of long-life systems such as the KTX-1. Life cycle costing includes the cost of concept design, development, manufacture, operation, maintenance and disposal. To estimate LCC for domestic products motor block unit, it was analyzed physical breakdown structure (PBS) on motor unit in view of maintenance cost and unit cost etc. As a results, life cycle cost on motor block unit increased moderately expect for periodical time when major parts are replaced at the same time. hereafter this results will be reflected in the domestic products being developed.

• Journal of the military operations research society of Korea
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• v.30 no.2
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• pp.13-31
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• 2004

This paper aims at efficient determining the economic life of weapon systems. Specifically, the procedure to estimate the life cycle cost at initial acquisition state or at development state using the PRICE model is proposed. The PRICE model is a parametric cost estimation which is widely used in the field of national defense. The model includes the estimation of the cost in life cycle of weapon systems such as research and development, acquisition, operation and support. Using this model, economic life of weapon systems can be determined. Based on an equivalent annual cost (EAC) method which sums the capital recovery with return (CR) and the equivalence cost (EC), the economic life will be calculated. A case study is accomplished to illustrate the proposed procedure.

• Journal of the Korean Solar Energy Society
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• v.23 no.1
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• pp.57-67
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• 2003

This study aims to presents Evaluation Method of Green Remodeling that analyze the value of environment through expense, using the method of life cycle cost and life cycle assessment simultaneously. The results of this study are summarized as follows. Evaluation Model developed in this study can convert economical value of environment into cost by integrating. In addition, the model can apply as a useful tool to estimation of economical design alternative as well as quantification of environmental loads and costs. Evaluation Model presented In this study observe energy consumption and the environmental load emission with qualification, it can forecast effect of environmental cost that cost estimation is expected to be added to energy cost rate by being possible. Synthetically, when Estimation Model and computer program that developed in this study is applies to the construction industry; reasonable management of environmental load is convenient at each step of Green Remodeling. In addition, at preliminary design phase, practical use may be possible by reasonable yardstick about various alternatives and improvement of design alternatives likewise by grasping environmental effect.

• Architectural research
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• v.7 no.1
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• pp.11-18
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• 2005

In today's building industry the emphasis has been geared more towards construction, thus building maintenance and life cycle have been neglected until now. A direct result of this neglect is the rapid aging of building, which leads to more cost-effective decision making methods for the prolongation of building life span. The following study is conducted in the area of Daegu and Seoul in order to develop the estimation analysis method of the annual operation cost of the Korean high-rise condominiums for the cost-effective decision making support through mathematical and statistical analyses including the present value and standardized measurement corrections. Based on the assumption that the life expectancy of the high rise condominium is 50 years, initial cost is ￦421,212/$m^2$, and a total sum of yearly operation cost during life expectancy is ￦2,154,499//$m^2$), yearly accumulated operation cost is shown as below: $AOC=0.7097t^4-38.803t^3+806.95t^2+11045t-496.52$ ($R^2=0.98$) (Here, AOC = Accumulated Operation Cost, t = given years)

• 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 KIBIM
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• v.5 no.2
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• pp.34-45
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• 2015

As buildings become larger and more complicated, construction costs have increased with a considerable effect on buildings' Life Cycle Cost (LCC). However, there has been little consideration on economic aspects in the selection of construction materials due to limited information on the materials and dependency in architects' experience and inefficiency in cost estimation, causing design changes, increase in maintenance cost, difficulty in budgeting, and decrease in building performance. To solve these problems, this study proposed a BIM-based material selection model which reflects the comprehensive economic efficiency of building materials. Our cost prediction model can estimates the material-related cost during the entire building life cycle. Furthermore, we implemented the proposed model in connection with BIM, which can analyze and compare LCC by material. Through the validation of the model, we could confirm the necessity of LCC-based material selection in comparison with the conventional cost-centered material selection.

• Journal of the military operations research society of Korea
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• v.23 no.1
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• pp.138-150
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• 1997

The life-cycle of the K-1 tank has been 10 years simply applying that of the U.S. M-1 tank. Therefore, this paper is focused on determination of an economic life-cycle for the K-1 tanks. The current operation cost is adjusted by interest rate and the depreciation cost is applied in this study for more reliable estimation of the life-cycle cost. The Equivalent Annual Method is utilized and then various regression techniques are applied for deriving an effective economic life-cycle. The economic life-cycle of the K-1 tank results in 13 years in this study. considering 95% confidence interval, the life cycle of the K-1 tank is between 10.5 years and 15.5 years.

• Proceedings of the KSR Conference
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• 2007.05a
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• pp.735-742
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• 2007

To get competitiveness in international markets, it is essential to provide low acquisition, maintenance and operation cost with high reliability, availability and maintainability. It can be achieved by lowering development cost, making proper maintenance planning and scheduling strategies, allocating man power and logistic cost properly. In this paper, we introduces the research on making a model for estimating the life cycle cost of newly developing magnetic levitation train system in Korea. To develop a proper life cycle cost model, we broadly analyzed specs and standards and compared the life cycle cost model developed in other country. Finally, we suggests strategies to develop an unique model for the magnetic levitation train system developing in Korea.