• Title/Summary/Keyword: cost calculation model

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Analysis of Economic Lifespan for Replacement Policy of Container Ship using Fuzzy Interval Numbers

  • Jang, Woon-Jae
    • Journal of Navigation and Port Research
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    • v.35 no.2
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    • pp.173-178
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    • 2011
  • This study determined the ship replacement life expectancy from an economic perspective. There are many ambiguities in the cost for calculation of economic lifespan, and these were expressed as fuzzy numbers. Also, a fuzzy cost model using fuzzy numbers was developed and suggested as a more practical analysis method than the existing cost model. And the suggested fuzzy model was used to determine the economic lifespan for various types of container ships. As the result, Without fuzziness, the economic lifespan of 5000 TEU Ships was found to be 19 years. it was found that the greater the container ship, the greater the economic lifespan was.

Statistical model for forecasting uranium prices to estimate the nuclear fuel cycle cost

  • Kim, Sungki;Ko, Wonil;Nam, Hyoon;Kim, Chulmin;Chung, Yanghon;Bang, Sungsig
    • Nuclear Engineering and Technology
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    • v.49 no.5
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    • pp.1063-1070
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    • 2017
  • This paper presents a method for forecasting future uranium prices that is used as input data to calculate the uranium cost, which is a rational key cost driver of the nuclear fuel cycle cost. In other words, the statistical autoregressive integrated moving average (ARIMA) model and existing engineering cost estimation method, the so-called escalation rate model, were subjected to a comparative analysis. When the uranium price was forecasted in 2015, the margin of error of the ARIMA model forecasting was calculated and found to be 5.4%, whereas the escalation rate model was found to have a margin of error of 7.32%. Thus, it was verified that the ARIMA model is more suitable than the escalation rate model at decreasing uncertainty in nuclear fuel cycle cost calculation.

Determination of Economical Replacement Time for Containerships as the Mode of International Logistics (국제물류의 주요모드인 컨테이너선의 경제적 교체시기 결정)

  • Jang, Woon-Jae
    • Journal of Navigation and Port Research
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    • v.32 no.3
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    • pp.167-172
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    • 2008
  • The aim of this paper is to determine the replacement time of containerships in economical viewpoint. Especially, there was a lot of vagueness to the cost data for calculation of an economical life in a containership. For this, a fuzzy number used to express the vague nature about a cost data. This paper developed the fuzzy cost model using fuzzy numbers, and to analyze more practically than the existing cost model. And the proposal model used to decide the economical life about various kinds of containerships.

Development of 3-D J-Integral Calculation Method for Structural Integrity Evaluation (기기 건전성 평가를 위한 3차원 J-적분 계산 전산코드 응용평가 연구)

  • Kim, Young-Jin
    • Proceedings of the KIEE Conference
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    • 1999.11b
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    • pp.450-454
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    • 1999
  • In order to evaluate the integrity of nuclear power plants, J-integral calculation is crucial. For this purpose, finite element method is popularly used to obtain J-integral. However, high cost time consuming preprocess should be performed to design the finite element model of a cracked structure. Also, the J-integral should be verified by alternative method since it may differ depending on the calculation method. The objective of this paper is to develop a three-dimensional elastic-plastic J-integral analysis system which is named as EPAS. The EPAS program consists of an automatic mesh generator for a through-wall crack and a surface crack, a solver based on ABAQUS program, and a J-integral calculation program which provides DI(Domain Integral) and EDI(Equivalent Domain Integral) based J-integral calculation. Using the EPAS program, an optimized finite element model for a cracked structure can be generated and corresponding J-integral can be obtained subsequently.

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Cost Effectiveness of Bse-Isolation for Bridges in Low and Moderate Seismic Region (중저진 지역에서의 지진격리교량의 경제적 효율성에 관한 연구)

  • 고현무
    • Proceedings of the Earthquake Engineering Society of Korea Conference
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    • 1999.04a
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    • pp.178-185
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    • 1999
  • Minimum life-cycle cost helps to evaluate cost effectiveness of base-isolated bridges under specific condition. Life-cycle cost mainly consists of the initial construction cost and the expected damage cost. Damage cost estimation needs proper model of input ground motion failure probability evaluation method and limit states definition. We model the input ground motion as spectral density function compatible with the response spectra defined at each seismicity and site condition. Spectrum analysis and crossing theory is suitable for reseating calculation of failure probabilities in the process of cost minimization. Limit states of base-isolated bridges re defined for superstructure isolator and pier respectively The method is applied to both base-isolated bridges and conventional bridges under the same conditions to investigate cost effectiveness of base isolation in low and moderate seismic region. the results show that base-isolation of bridges are more effective in low and moderate seismic region and that the site effects on the economical efficiency may not be negligible in such a region.

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Probabilistic GMP Calculation Method based on BIM (BIM기반 확률론적 GMP 산정방안에 관한 연구)

  • Go, Gun-Ho;Jin, Zheng-Xun;Kim, Hyun-Joo;Hyun, Chang-Taek
    • Proceedings of the Korean Institute of Building Construction Conference
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    • 2018.05a
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    • pp.122-123
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    • 2018
  • Recently, CM at Risk delivery system(CM@R) that could solve the problems of Design Bid Build delivery(DBB) system has been emerging. In the CM@R delivery system, the contractor negotiates for a maximum guaranteed price(GMP) with the client at the design stage, and the contractor carries out the construction within the GMP. In CM @ R, the construction company with expertise in construction participates from the design stage to reflects the construction know-how in the design. On the other hand, the modification design frequently occurs due to the change of the construction cost when negotiating the GMP. In addition, uncertainties are inherent in the GMP calculation because the calculation is based on unfinished drawings and documents. This study proposes a probabilistic GMP estimation method applying MCS to the BIM - based cost prediction model, in order to extract the accurate quantity information when estimating the GMP and to cope with the change of the construction cost inherent in uncertainty.

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A STUDY ON THE LIFE CYCLE COST ANALYSIS IN LIGHT RAIL TRANSIT BRIDGES: FOCUSED ON SUPERSTRUCTURE

  • Lee Du-heon;Kim Kyoon-tai;Kim Hyun Bae;Jun Jin-taek;Han Choong-hee
    • International conference on construction engineering and project management
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    • 2007.03a
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    • pp.30-40
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    • 2007
  • The demand for light-rail construction projects has recently been increasing, and they are mostly supervised by private construction companies. Therefore, a private construction company that aim to raise gains from the operation of the facilities during the contract period greater than what they invested should b able to accurately calculate the costs from the aspect of Life Cycle Cost (LCC). In particular, a light-rail transit bridge that has a heavier portion from the aspect of the cost of light-rail transit construction requires a more accurate calculation method than the conventional LCC calculation method. For this, an LCC analysis model was developed and a cost breakdown structure was suggested based on literature review. The construction costs by shape of the upper part of a light-rail transit were calculated based on the cost breakdown system presented in this paper, and the cost generation cycle and cost unit price were collected and analyzed based on records on maintenance costs, rehabilitation and replacement. In addition, after forming some hypotheses in order to perform the LCC analysis, economic evaluation was conducted from the aspect of the LCC by using performance data by item.

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Development of Automation Technology for Structural Members Quantity Calculation through 2D Drawing Recognition (2D 도면 인식을 통한 부재 물량 산출 자동화 기술 개발)

  • Sunwoo, Hyo-Bin;Choi, Go-Hoon;Heo, Seok-Jae
    • Proceedings of the Korean Institute of Building Construction Conference
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    • 2022.04a
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    • pp.227-228
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    • 2022
  • In order to achieve the goal of cost management, which is one of the three major management goals of building production, this paper introduces an approximate cost estimating automation technology in the design stage as the importance of predicting construction costs increases. BIM is used for accurate estimating, and the quantity of structural members and finishing materials is calculated by creating a 3D model of the actual building. However, only 2D basic design drawings are provided when making an estimating. Therefore, for accurate quantity calculation, digitization of 2D drawings is required. Therefore, this research calculates the quantity of concrete structural members by calculating the area for the recognition area through 2D drawing recognition technology incorporating computer vision. It is judged that the development technology of this research can be used as an important decision-making tool when predicting the construction cost in the design stage. In addition, it is expected that 3D modeling automation and 3D structural analysis will be possible through the digitization of 2D drawings.

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Study of Optimal Maintenance Float(M/F) Calculation Method (최적의 정비대체장비(M/F) 산출방안 비교 연구)

  • Lee, Hak-Jae;Jung, Kwang-Kyun;Kim, Jae-Hwang;Lee, Jong-Sin;Lee, Myoung-Jin
    • Journal of Applied Reliability
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    • v.16 no.3
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    • pp.192-201
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    • 2016
  • Purpose: In this paper, we propose the output model of the optimal inventory requirements of the Maintenance Float (M/F). Weapon systems were modernized and increased costs. Thus, the complexity increases with. Alternatives to achieve the goal of availability of weapon systems and to reduce life-cycle cost are required. Especially, securing spare parts is more effective than adding the amount of equipment or maintenance facilities to achieve the goal of availability and reduce life cycle costs. However, securing spare parts and repair costs are directly related, so exact requirements are needed. Methods: Three kinds of methods (Calculation method of applying the Poisson distribution, Calculation method of considering the number of CSP, and Calculation method of applying M&S program) that this paper proposed compare the influence of the availability and the amount of spare parts. Result: We calculate the cost of M/F when the operational availability is over than 80% and compare that result. The biggest cost was calculated from the Poisson distribution method. We found that requirements and unit price is the key factor that gives a significant effect. Conclusion: These three kinds of methods can be used as a basis for Maintenance Float calculation. Among them, the calculation method based on CSP is optimal replacement equipment requirements calculation method.

A Study of the Maintenance cost model for the Life Cycle Cost Calculation of the Railroad Vehicle (철도차량 수명유지비용 계산을 위한 유지보수 비용모델 연구)

  • Kim, Jae-Hoon;Jun, Hyun-Kyu;Park, Jun-Seo
    • Proceedings of the KSR Conference
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    • 2008.11b
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    • pp.567-573
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    • 2008
  • Life cycle costing is one of the most effective approaches for the cost analysis of long-term life products, like as railroad vehicle. Life cycle costing includes the cost of concept design, development, manufacture, operating, maintenance and disposal. Especially, life cycle costing in the railroad industry has been focused on the maintenance cost. In this paper, we investigated the standard, guide and maintenance information of railroad vehicle. For this purpose, we suggested the cost model of railroad vehicle maintenance information. We also performed maintenance cost analysis on the some sub-system of railroad vehicle for the case study.

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