• Title/Summary/Keyword: Potential Cost

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Assessment of Project Cost Reduction Potential Adopting Cases-Synthetic Approach - Focused on the Apartment Building Construction Project - (시공방법 개선사례 조합에 의한 원가절감 가능성 평가)

  • Choi, Jong-Soo;Choi, Young-Jun;Chae, Seong-Tae;Yoo, Sung-Won
    • Journal of the Korea Institute of Building Construction
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    • v.9 no.5
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    • pp.135-144
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    • 2009
  • The primary focus of this study has been directed towards assessing the potential impact of construction method improvement on a reduction in project cost. A total of 90 actual application cases were collected from a public organization and private construction firms, and 32 cases were used in analysis by adopting a synthetic approach. The level of cost reduction was measured in terms of material and labor cost by comparing the existing method and the improved method. An analysis of the results indicates that project cost can be reduced by up to 5.26 percent compared to a normal project by adopting a synthetic approach. Additional benefits include the assurance of uniform quality, savings in terms of labor and/or materials, and improved productivity. The potential of the applicability of this approach to other types of buildings and the implications of research findings were discussed in detail.

A Case Study on Sensitivity Analysis of KHP Total Ownership Cost (KHP 총소유비용의 민감도 분석 사례 연구)

  • Byun, Hyung-Kyun;Lee, Sang-Woo;Kwon, Moon-Won;Kim, Joo-Kyun;Choi, Young-Hwan
    • Journal of Applied Reliability
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    • v.11 no.2
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    • pp.187-212
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    • 2011
  • KHP project sets total ownership cost as the target cost by applying CAIV and administrates total ownership cost through compromise analysis, a periodical estimate and management of design alternatives for each development. Based on expected cost results, sensibility of total ownership cost is analyzed complying with the change of reliability, availability, maintainability and other related factors. By considering potential total ownership cost saving methods, first of all, this paper identifies total ownership cost changing effects for each related factor, secondly, suggests total ownership cost and maintenance and operating cost saving methods via finding components that affect total ownership cost and lastly, suggests total ownership cost saving directions that may be applied to other projects in the future.

A Study on the Evaluation of Dynamic Behavior and Liquefaction Cau8ed by Earthquake of Sea Dike Structures on the Ground (방조제 축조 예정지반의 지진에 의한 액상화 거동 평가)

  • 도덕현;장병욱;고재만
    • Magazine of the Korean Society of Agricultural Engineers
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    • v.35 no.2
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    • pp.43-56
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    • 1993
  • The laboratory tests are performed on how the liquefaction potential of the sea dike structures on the saturated sand or silty sand seabed could be affected due to earthquake before and after construction results are given as follows ; 1. Earthquake damages to sea dike structures consist of lateral deformation, settlement, minor abnormality of the structures and differential settlement of embankments, etc. It is known that severe disasters due to this type of damages are not much documented. Because of its high relative cost of the preventive measures against this type of damages, the designing engineer has much freedom for the play of judgement and ingenuity in the selection of the construction methods, that is, by comparing the cost of the preventive design cost at a design stage to reconstruction cost after minor failure. 2. The factors controlling the liquefaction potential of the hydraulic fill structure are magnitude of earthquake(max. surface velocity), N-value(relative density), gradation, consistency(plastic limit), classification of soil(G & vs), ground water level, compaction method, volumetric shear stress and strain, effective confining stress, and primary consolidation. 3. The probability of liquefaction can be evaluated by the simple method based on SPT and CPT test results or the precise method based on laboratory test results. For sandy or silty sand seabed of the concerned area of this study, it is said that evaluation of liquefaction potential can be done by the one-dimensional analysis using some geotechnical parameters of soil such as Ip, Υt' gradation, N-value, OCR and classification of soils. 4. Based on above mentioned analysis, safety factor of liquefaction potential on the sea bed at the given site is Fs =0.84 when M = 5.23 or amax= 0.12g. With sea dike structures H = 42.5m and 35.5m on the same site Fs= 3.M~2.08 and Fs = 1.74~1.31 are obtained, respectively. local liquefaction can be expected at the toe of the sea dike constructed with hydraulic fill because of lack of constrained effective stress of the area.

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Determination of Optimum Investment level for Safely Management by Process Risk Assessment at Gas Governor Station (가스공급기지에서 공정 위험성 평가에 의한 최적 안전관리 투자수준 결정)

  • Kim Tae-Ok;Jang Seo-Il
    • Journal of the Korean Institute of Gas
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    • v.7 no.3 s.20
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    • pp.1-6
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    • 2003
  • This study has suggested a decision method which determine optimum investment level for safety management by process risk assessment at gas governor station. Hazard and operability study(HAZOP), fault tree analysis(FTA) and consequence analysis(CA) were carried out and potential accident cost and benefit for safety management were estimated. As a result, we could be found the trend of safety cost and benefit by the nonlinear regression method and could be determined the optimum investment level for safety management from analysis of safety management cost and potential accident cost.

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Scaleable, Cost Effective Display Manufacturing Technology Based on White OLED

  • Buntaine, James R.;Rajeswaran, G.
    • 한국정보디스플레이학회:학술대회논문집
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    • 2007.08a
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    • pp.327-331
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    • 2007
  • The AMOLED industry must compete with AMLCD displays by standardizing around scaleable technology platforms that deliver display-performance and manufacturing-cost goals. Kodak White OLED device rchitectures have the potential to achieve the best performance and cost tradeoffs. Here we describe the building blocks necessary for delivering effective AMOLED mass production technologies.

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Software Cost Estimation Considering Acquisition Process (획득 프로세스를 고려한 소프트웨어 비용 산정방안)

  • Song Young-Il;Lee Gil-Sup
    • The Journal of Information Systems
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    • v.14 no.2
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    • pp.173-189
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    • 2005
  • Recently, Korean software industry has enjoyed fast growth, thus phenomenon drew attention to the need for more precise and standardized cost estimation system for software development. However, many obstacles exist in achieving a more precise and universally applicable cost measurement. These obstacles include : (1) the intangible nature of intellectual efforts, (2) lack of cost standards, (3) lack of quantitative yardstick to determine the potential complication, (4) lack of both cost monitoring during development and coordinating between acquisition process and cost estimation. The purpose of this study is to facilitate software development cost estimation considering acquisition process that will meet korean user's needs, and to create better models that will be cost for software development particularly for Korean environment.

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Low-Cost IoT Sensors for Flow Measurement in Open Channels: A Comparative Study of Laboratory and Field Performance

  • Khatatbeh, Arwa;Kim, Young-Oh
    • Proceedings of the Korea Water Resources Association Conference
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    • 2023.05a
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    • pp.172-172
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    • 2023
  • The use of low-cost IoT sensors for flow measurement in open channels has gained significant attention due to their potential to provide continuous and real-time data at a low cost. However, the accuracy and reliability of these sensors in real-world scenarios are not well understood. This study aims to compare the performance of low-cost IoT sensors in the laboratory and real-world conditions to evaluate their accuracy and reliability. Firstly, a low-cost IoT sensor was integrated with an IoT platform to acquire real-time flow rate data. The IoT sensors were calibrated in the laboratory environment to optimize their accuracy, including different types of low-cost IoT sensors (HC-SR04 ultrasonic sensor & YF-S201 sensor) using an open channel prototype. After calibration, the IoT sensors were then applied to a real-world case study in the Dorim-cheon stream, where they were compared to traditional flow measurement methods to evaluate their accuracy.The results showed that the low-cost IoT sensors provided accurate and reliable flow rate data under laboratory conditions, with an error range of less than 5%. However, when applied to the real-world case study, the accuracy of the IoT sensors decreased, which could be attributed to several factors such as the effects of water turbulence, sensor drift, and environmental factors. Overall, this study highlights the potential of low-cost IoT sensors for flow measurement in open channels and provides insights into their limitations and challenges in real-world scenarios.

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The Economic Value Analysis of the Potential Wind Farm Site Using the Black-Scholes Model (블랙 숄즈 모델을 이용한 잠재적 풍력발전 위치의 경제적 가치분석)

  • Jaehun Sim
    • Journal of Korean Society of Industrial and Systems Engineering
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    • v.45 no.4
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    • pp.21-30
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    • 2022
  • To mitigate the environmental impacts of the energy sector, the government of South Korea has made a continuous effort to facilitate the development and commercialization of renewable energy. As a result, the efficiency of renewable energy plants is not a consideration in the potential site selection process. To contribute to the overall sustainability of this increasingly important sector, this study utilizes the Black-Scholes model to evaluate the economic value of potential sites for off-site wind farms, while analyzing the environmental mitigation of these potential sites in terms of carbon emission reduction. In order to incorporate the importance of flexibility and uncertainty factors in the evaluation process, this study has developed a site evaluation model focused on system dynamics and real option approaches that compares the expected revenue and expected cost during the life cycle of off-site wind farm sites. Using sensitivity analysis, this study further investigates two uncertainty factors (namely, investment cost and wind energy production) on the economic value and carbon emission reduction of potential wind farm locations.

An Survey on the Network-Driven DSM (네트워크 수요관리 프로그램 현황 조사)

  • Kim, Jin-Ho;Park, Jong-Bae;Park, Young-Soo;Lee, Jin-Ho
    • Proceedings of the KIEE Conference
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    • 2005.11b
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    • pp.171-173
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    • 2005
  • To date, the IEA DSM Programme has not undertaken any work on the potential for DSM to cost-effectively relieve electricity network constraints Such constraints are becoming a significant problem in countries where electricity demand is increasing and network infrastructure ('poles and wires') is ageing. As loads grow and infrastructure reaches the end of its economic life, the potential cost of augmenting electricity networks is increasing exponentially. In many situations, network-driven DSM can delay the need for network augmentation. In some limited situations, mainly at the distribution level, network-driven DSM may be able to cost-effectively eliminate the requirement to build a 'poles and wires' solution. In this paper, the concept of network-driven DSM program is surveyed.

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Analyzing Characteristics of Construction Complaints with Construction Project Type

  • Lee, Ju-Hui;Lee, Changjun;Yun, Sungmin
    • Korean Journal of Construction Engineering and Management
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    • v.24 no.3
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    • pp.52-61
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    • 2023
  • Conflicts in a construction project not only make negative impacts on project performance such as schedule delay or cost overrun but also require social cost to resolve the conflicts. Although the conflict needs a preemptive management because a conflict usually begins with a complaint, existing studies have focused on conflict resolution after it occurs. This study identifies and categorizes complaints which mainly appear in the construction projects. Those complaints were evaluated and quantified in terms of occurrence frequency and potential to conflict through a questionnaire survey with industry experts. Using the survey results, this study examines the characteristic of complaints in linear project and clustered project, and analyzes what kind of complaints occur by project type. As the results, this study derives the complaints with high potential to the conflicts that should be managed first during managing a construction project in each project type.