• Journal of Korean Society on Water Environment
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• v.23 no.3
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• pp.356-366
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• 2007

In this paper a methodology is developed to prioritize replacement of water distribution pipes according to the economical efficiency of replacement and assess the long-term effects of water main replacement policies on water distribution systems. The methodology is implemented with MATLAB to develop a computer algorithm which is used to apply the methodology to a case study water distribution system. A pipe break prediction model is used to estimate future costs of pipe repair and replacement, and the economically optimal replacement time of a pipe is estimated by obtaining the time at which the present worth of the total costs of repair and replacement is minimum. The equation for estimating the present worth of the total cost is modified to reflect the fact that a pipe can be replaced in between of failure events. The results of the analyses show that about 9.5% of the pipes in the case study system is required to be replaced within the planning horizon. Analyses of the yearly pipe replacement requirements for the case study system are provided along with the compositions of the replacement. The effects of water main replacement policies, for which yearly replacement length scenario and yearly replacement budget scenario are used, during a planning horizon are simulated in terms of the predicted number of pipe failures and the saved repair costs.

• Journal of Korean Society of Industrial and Systems Engineering
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• v.14 no.24
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• pp.7-13
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• 1991

Recently, in FMS composing of various automatic equipments, the machines with lower operating costs, and with higher operating costs and replacement costs resulting from deterioration have been appearing successively as a result of rapidly advances in technology. "Control Limit Policy" [1] by using Markov decision policy, a kind of optimal economic replacement decision, well reflects and represents this environment. In this paper, it is reviewed that the decision method of the forecasted replacement alternatives in planning horizon under technological advances is derived. The proposed method is applied to a numerical example and some characteristics are examined by sensitivity. It is clarified that the method is relatively insensitive to changes of parameters at the present decision. decision.

• Architectural research
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• v.14 no.2
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• pp.75-83
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• 2012

Buildings that are more than 10 years old generally have considerable repair and replacement costs due to the rapid deterioration of their systems. For public buildings in particular, which have national and social significance, considerable effort is required not only to ensure a long life cycle and safety but also to minimize the overall public expense. Along with increasing repair and replacement requirements, however, there have been problems related to the establishment of an accurate facility management budget. To address these concerns, a repair and replacement cost management system was constructed. This system manages both invested maintenance and forecast costs to establish a reasonable repair and replacement planning process and budget. The effectiveness of the system was verified through a pilot test targeting one of public Corporation (K).

• Journal of Korean Institute of Industrial Engineers
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• v.41 no.2
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• pp.150-161
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• 2015

This paper proposes a new approach to technology valuation, the market-replacement cost approach which integrates the cost-based approach and market-based approach. The proposed approach estimates the market-replacement cost of a target technology using R&D costs of similar R&D projects previously conducted. Similar R&D projects are extracted from project database based on document similarity between project proposals and technology description of the target technology. R&D costs of similar R&D projects are adjusted by mirroring the rate of technological obsolescence and inflation. Market-replacement cost of the technology is then derived by calculating the weighted average of adjusted costs and similarity values of similar R&D projects. A case of "Prevention method and system for the diffusion of mobile malicious code" is presented to illustrate the proposed approach.

• Journal of Korean Neurosurgical Society
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• v.62 no.1
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• pp.83-89
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• 2019

Objective : This study is a retrospective cost-benefit analysis of cervical anterior interbody fusion and cervical artificial disc replacement, which are the main surgical methods to treat degenerative cervical disc disease. Methods : We analyzed 156 patients who underwent anterior cervical disc fusion and cervical artificial disc replacement from January 1, 2008 to December 31, 2009, diagnosed with degenerative cervical disc disorder. In this study, the costs and benefits were analyzed by using quality adjusted life year (QALY) as the outcome index for patients undergoing surgery, and a Markov model was used for the analysis. Only direct medical costs were included in the analysis; indirect medical costs were excluded. Data were analyzed with TreeAge Pro $2015^{TM}$ (TreeAge Software, Inc, Williamstown, MA, USA). Results : Patients who underwent cervical anterior fusion had a total cost of KRW 2501807/USD 2357 over 5 years and obtained a utility of 3.72 QALY. Patients who underwent cervical artificial disc replacement received 4.18 QALY for a total of KRW 3685949/USD 3473 over 5 years. The cumulative cost-effectiveness ratio of cervical spine replacement surgery was KRW 2549511/QALY (USD 2402/QALY), which was lower than the general Korean payment standard. Conclusion : Both cervical anterior fusion and cervical artificial disc replacement are cost-effective treatments for patients with degenerative cervical disc disease. Cervical artificial disc replacement may be an effective alternative to obtain more benefits.

• Proceedings of the Korean Institute of Building Construction Conference
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• 2016.05a
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• pp.87-88
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• 2016

In order to assess the design value of engineering work from the point of view of LCC (Life Cycle Cost) in Korea, it is mandatory for all construction works that the total construction costs are over 10 billion won. The LCC includes initial construction costs, maintenance & operation costs, energy costs, end-of-life costs, and so on. Among these, the portion for maintenance & operation costs for a building is sizeable, as compared to the initial construction costs. Furthermore, the paradigm for construction industry has rapidly shifted from 2D to BIM, which includes design planning and data management. However, the study of BIM-based LCC analysis is not adequate today, even though all domestic construction projects ordered by the Public Procurement Service have to adopt BIM. Therefore, this study suggests a methodology of BIM-based LCC analysis that is particularly focused on repair and replacement (R&R) cost. For this purpose, we defined requirements of calculating R&R cost and extracted X from the relevant IFC data. Thereafter, we input them to the ontology of calculating the initial construction costs to obtain an objective output. Finally, in order to automatically calculate R&R cost, mapping with R&R criteria was performed. We expect that our methodology will contribute to more efficiently calculate R&R cost and, furthermore, that this methodology will be applicable to all range of total LCC. Thus, the proposed process of automatic BIM-based LCC analysis will contribute to making LCC analysis more fast and accurate than it is at present.

• Journal of the Korea Safety Management & Science
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• v.8 no.2
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• pp.139-153
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• 2006

This paper deals with two forms of preventive replacement policy with minimal repair at failure. Those are, 1. the replacement policy I based on the cumulative operating time. 2. the replacement policy II based on the number of failures. The basic assumptions are; (1) the cost of minimal repair at failure is increasing with the number of failures since the last replacement, (2) the equipment fails stochastically with time.

• IE interfaces
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• v.15 no.1
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• pp.89-98
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• 2002

This paper considers the optimum replacement times of a steam generator in nuclear power plant with failure data. It is assumed that the failure pattern of units is given as a Weibull distribution and repair and periodic preventive maintenance are performed periodically. The maximum likelihood method is used to estimated the Weibull parameters of failure distribution from failure data. Relpacement, output-decresing and maintenance costs are considered to determine the optimal replacement times by simulation. Numerical examples are included with actual failure data and cost estimators.

• Journal of KIISE:Databases
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• v.27 no.1
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• pp.1-12
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• 2000

Many object oriented database systems manage object buffers to provide fast access to objects. Traditional buffer replacement algorithms based on fixed length pages simply assume that the cost incurred by operating a buffer is propertional to the number of buffer faults. However, this assumption no longer holds in an objects buffer where objects are of variable length and the cost of replacing an object varies for each object. In this paper, we propose a cost based replacement algorithm for object buffers. The proposed algorithm replaces the have minimum costs per unit time and unit space. The cost model extends the previous page based one to include the replacement costs and the sizes of objects. The performance tests show that proposed algorithm is almost always superior to the LRU-2 algorithm and in some cases is more than twice as fast. The idea of cost based replacement can be applied to any buffer management architectures that adopt earlier algorithms. It is especially useful in object oriented database systems where there is significant variation in replacement costs.

• Journal of Korean Society of Industrial and Systems Engineering
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• v.17 no.30
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• pp.51-57
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• 1994

This paper considers the problem of equipment replacement A equipment replacement problem is treated in a thchnological development environment. Our model assumes that the costs associated with the presently available thchnology and future technology is known, but the appearance times of future technology is uncertain. A cost model is presented, and method is suggested for finding the optimal operating time for replacement A numerical example is shown.