• Proceedings of the KSR Conference
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• 2006.11b
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• pp.1299-1305
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• 2006

In this paper, the objective is an evaluation of economics using Life Cycle Cost(LCC) analysis for the ballasted track and the concrete track. However, since the absence of reliable data on maintenance activities, the degree of a reliability about the results of the LCC analysis is insufficient yet. In order to remedy the problems, we surveyed a professional research group for an approximate estimation which can be represented a degree of maintenance through a application of examples. Hereby we found that it is possible to expect the retrenchment of cost using preventive maintenance management. Moreover we proposed appropriate and economical restrictions between track structures.

• Journal of the Korea Institute of Building Construction
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• v.3 no.4
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• pp.129-134
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• 2003

The purpose of this study is to evaluate efficiency by the Life Cycle Cost(LCC) analysis of floor covering materials for remodeling. This study has been performed as a case study. The LCC analysis is a technique which takes account into both initial-future costs and benefits of an investment over some period of time. LCC is important in commercial decision making because it provides improved assessment of the living-term cost effectiveness of construction projects as well as alternative economic methods that focus on initial costs. For LCC analysis and comparison, the present value technique is used. The results of this study are summarized as follows; (1) A LCC analysis model of floor covering materials is suggested through a case study (2) As a result of LCC case study, the type of sheet is analysed more economical than that of tile in floor covering materials.

• Journal of the Korea Academia-Industrial cooperation Society
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• v.20 no.7
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• pp.1-7
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• 2019

To overcome the limitations of existing rainwater drainage systems, we compared and analyzed a newly developed eco-friendly channel-type rainwater drainage system. We also developed an integrated evaluation index to quantify the improvement of the new system. The concept of Life Cycle Assessment (LCA) was applied to calculate and compare the costs of each process and to develop the integrated evaluation index, which considers the carbon emissions by each process. As a result, the cost was reduced by 53% overall compared to an O-type system and by 63% compared to a U-type system. In addition, when applying the integrated evaluation index, the new system was evaluated to be over 80% in the four processes compared to the existing systems. When applying the evaluation index to sites in Anyang and Incheon, the new system was improved by 35-100% compared to existing systems.

• KSCE Journal of Civil and Environmental Engineering Research
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• v.26 no.5D
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• pp.771-781
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• 2006

This Study is about the development of LCC Analysis Model and Evaluation of VE. It was carried out to help the person's intention decision about choosing the pavement construction method that can deal with 'Pavement Life Factor' like Area Character and Traffic Volume efficiently, by considering the total life cycle cost of pavement life cycle happens according to the numbers of public use year. For this, we developed the new LCC Analysis Model by using the Data of Seoul city the representative city in Korea, and carried out VE Evaluation that reflects the opinions of specialists. This Analysis Model consists of cost items that affects directly the choice of pavement construction, except for the common cost items of the various pavement construction. And we investigated the propriety by applying our model to the example line that are used for the public at present. About the base data of cost items that are used for our analysis, we enhanced our model's confidence by using the statistics data of Seoul and the standard data of unit cost calculation.

• Journal of Animal Environmental Science
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• v.17 no.sup
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• pp.61-68
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• 2011

To assess the total cost with all stages of facilities, the feasibility of Life Cycle Cost (LCC) analysis was examined in this study to estimate the livestock manure treatment system and optimal decision making process. For the economic evaluation, the plant/equipment investment and annual operation cost of four Public Livestock Recycling Facilities, whose treatment capacity is 100 ton piggery manure per day, was compared. The initial cost was in the range of 2,699 million won to 3,202 million won, where T and E methods were highest and lowest, respectively. The annual operation cost was in the level of 378 million to 498 million won, which decreased in the following order : T method > J method > E method > B method. For the LCC analysis, 4.7% of interest rate, 3.13% of inflation rate, and 1.52% of net discount rate was considered by the data received from Bank of Korea and Statics Korea in the period of 2000 to 2009. Also, for the calculation of present value factor, the durable years of civil engineering & construction, machinery and electric instrument was 30 years, 10 years and 15 years, respectively. Based on these consideration, operation cost was in the range of 17,570 won/ton to 20,661 won/ton, and E method (17,570 won/ton) was economical and B method (20,661 won/ton) was non-economical. Though initial cost of T method was higher than that of B method, LCC analysis of T method was lower than that of T method due to the lower operation cost. Therefore, LCC analysis, which considers both initial cost and operation cost, is more reasonable evaluation method than either initial cost or annual operation cost. For the change of LCC analysis according to the uncertainty, the sensitivity analysis was carried out using fluctuation magnitude of discount rate in the period of 2000 to 2009. As a result, LCC analysis evaluated by discount rate was stable for the uncertain factors since the cost leadership did not change even though the sensitivity analysis varied. In summary, the economic evaluation using LCC analysis could be an efficient reference to choose the suitable livestock manure treatment plants. Furthermore, standardization of statement calculation for the actual cost analysis should be conducted and more detailed study is necessary to validate this summary. Therefore, the application of comprehensive technology evaluation, which considers LCC analysis, should contribute in obtaining objectivity and enhancing reliability for the 'Evaluation of Livestock Manure Treatment System and its Technology'.

• The Transactions of The Korean Institute of Electrical Engineers
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• v.61 no.7
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• pp.950-956
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• 2012

As development of battery technologies, the installation of Battery Energy Storage System (BESS) increased. The BESS can be used for various purposes such like frequency response, load leveling, and fluctuation mitigation of renewable energy generators. In this paper, three state BESS model is proposed. the BESS model considering charge, discharge and keeping efficiency, and life cycle according to depth of discharge (DOD). Then, the benefit and cost of BESS installed at substation for load leveling are summarized. The economic evaluation of BESS is analyzed using net present values (NPV) analysis. In case study, the NPV analysis of NaS battery system is carried out using the proposed BESS model. Because the result of economic evaluation of BESS using nowadays cost data is not positive, the sensitivity analysis of BESS is conducted by changing the capital cost and energy cost.

• Journal of the Earthquake Engineering Society of Korea
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• v.9 no.4 s.44
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• pp.43-54
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• 2005

This paper presents cost-effectiveness evaluation of semi-active control system for cable-stayed bridge under earthquake excitations with various magnitudes and frequency contents. Semi-active control system, which is operated by using Bi-stale control method on the basis of linear quadratic Gaussian (LQG) optimal controller, is designed for the benchmark control problem proposed by Dyke et at. The cost-effectiveness of the proposed control system is defined by the ratio of life-cycle costs between a bridge structure with shock transmission units and a bridge structure with the semi-active control devices. The simulated results show that the damper cost has little influence on the cost-effectiveness of the semi-active control system while the cost-effectiveness is quite sensitive to the damage cost induced by the bridge failure. It is also found that the semi-active control system guarantees relatively high cost-effectiveness for the cable-stayed bridge subject to the ground motions in the regions of moderate seismicity with soft soil condition and strong seismicity with stiff soil condition.

• KIEAE Journal
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• v.15 no.6
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• pp.5-10
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• 2015

Purpose: To evaluate the economic performance of grid-connected photovoltaic system in residential house, household electricity bill policy of Korea Electric Power Corporation (KEPCO) must be applied precisely, and market tendency and uncertainty of system also need to be considered. In this study, to evaluate the economic feasibility of PV system, we measured PV power generation and electricity consumption of six of Green home in Daejeon through web based remote monitoring system. Method: We applied Monte-Carlo simulation based on life cycle cost analysis, to reflect an uncertainty of main factor in economic feasibility evaluation of photovoltaic system. Result: First, with deterministic analysis, the difference of NPV of cumulative financial savings among households varied from -3,310 ~ 24,170 thousand won, portraying notably big range. Also the possibility of getting the same result was 50% when applying uncertainty. Second, the higher electricity consumption is, the more economic feasibility of photovoltaic system increases because KEPCO uses progressive taxation in household electricity bill policy. Third, The contribution to variance of electricity price increases in NPV varied from 98.5% to 99.9%. While the inflation rate and annual degradation contributed very little to none.

• Journal of the Korea institute for structural maintenance and inspection
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• v.20 no.2
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• pp.110-121
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• 2016

In the decision-making, such as selection of structure, construction method, or time and scheme of maintenance, the evaluation of life-cycle cost(LCC) is of great importance. The maintenance cost occupy a large portion of the LCC of the railway track as well as the initial construction cost. Futhermore, the proportion of the maintenance cost is much higher in the ballasted track. Thus, the importance of the LCC evaluation is higher than in any other engineering structures. In this study, a LCC model that can consider various design parameters such as the type of track structure, annual traffic volume, axle load, train speed, and proportion of curve sections and engineering structures has been developed. Fundamental data for calculating costs also have been presented. Based on the model and data proposed, the trends in the variation of LCC according to the design parameters were examined and the most important design parameters in the LCC analysis of railway track were investigated. The results show that the proportion of renewal and operational costs is much higher in the ballasted track than in the concrete track, and the annual traffic volume and ballast taming period are most significant factors on the LCC of the ballasted track. On the contrary, it is revealed that the proportion of the initial construction costs in the concrete track is much higher, and the LCC of the concrete track is less sensitive to the traffic volume, train speed, and axle load.

• Proceedings of the KSR Conference
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• 2007.11a
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• pp.1050-1057
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• 2007

The objective is to compare with economic evaluation and to analysis the LCC for prestressed concrete used on rail bridge. A new style concrete bridge is difficult to estimate a history for maintenance cost reliably. For the reason, we introduce a analogical interpretation by similar bridge style in order to estimate a appropriate maintenance profile. The proposed method is usefully supplied to estimating the LCC for bridge which is difficult to determine the maintenance cost.