• Journal of the military operations research society of Korea
• /
• v.6 no.1
• /
• pp.79-92
• /
• 1980

In cost-only incentive contract the emphasis is the attainment of efficient and effective cost control. In contrast multiple incentives contract correlates contractor's profit motives with the generalized government objective function, the decision variables of which are performance or quality (technical progress), time or schedule (timely development and delivery) and the cost (efficient and effective cost control) Under multiple incentive structure, it is essential to formulate the trade-off curves between cost and performance, which are called iso-fee curves. Trade-off curves depict the combination of cost and performance achievement for which the contractor will be rewarded with the same fee. The basic function of trade-off curves is to show he the contractor will be motivated by incentive arragement to trade off or sacrifice the achievement in one incentive element for the acnievment in another.

• Proceedings of the Korean Institute of Building Construction Conference
• /
• 2016.05a
• /
• pp.235-236
• /
• 2016

The importance of construction management has been increasing due to the fact that complex construction projects blend several different industries depending on the traits of the construction. This research was conducted to search for a method to enhance efficiency in cost management of construction project and meet the need for reusability of accumulated construction information. The process of detailed estimation and methodology for using standard unit price information has been developed to strengthen the interoperability in cost information by utilizing a standard classification system. The concept of ontology is proposed as a method of connecting construction information based on a standard breakdown structure to increasing the connectivity of the cost information in the construction project. Therefore, construction information knowledge framework is developed in order to improve the efficiency of the detailed estimation work process.

• Journal of Construction Engineering and Project Management
• /
• v.5 no.3
• /
• pp.1-9
• /
• 2015

Project cost is an important concern in any construction project. Although there has been a lot of studies on factors affecting the cost of construction projects, there seems no consensus as what cost factors have direct influence on the cost of civil engineering projects. This study therefore aims to bridge the current knowledge gap by examining quantity surveyors' perception of the factor structure among nineteen costing attributes identified based on literature review. Questionnaire was used to elicit responses from quantity surveyors working in the Hong Kong construction industry. Principal component analysis is conducted to extract the factor structure of the cost attributes and the attributes are grouped into three factor components, namely the contract management factor, the project management factor and the monetary value factor. Understanding these cost impact factors could be crucial in managing civil engineering projects, since it allows the project stakeholders and quantity surveyors to take precautionary steps to identify the cost management problems and areas for improvement and could even help to avoid cost deviations in engineering projects.

• Proceedings of the KSR Conference
• /
• 2011.05a
• /
• pp.733-739
• /
• 2011

B2S(Ballasted track To Slab track) that is track system has been first developed in 2004 with foundation of rich experience and know-how of subway track upkeep and mending of facilities in 36 years to improve an existence pebble track at a concrete track. 'B2S' is admitted technology through patent registration in the domestic and Europe and it's made by a factory and put together at field, so it's able to construct precisely and to reduce a construction period. In addition, safety, the ecological balance and durability are excellent, and walking, cleaning, etc. has the advantage of easy maintenance. 'B2S' is currently laying 27.7km at Seoulmetro as of end of 2010 standard, but it'll be expected to be applied to a domestic Metro more from now on. It is possible to classify the total cost resolution structure of B2S system by R&D cost, test production and experiment cost, the initial facility cost, maintenance cost, disposal cost. In this research, it seems useful for selection evaluation which considered the life cycle cost or economics of the concrete track structure by analyzing an initial cost of facilities.

• Journal of Nuclear Fuel Cycle and Waste Technology(JNFCWT)
• /
• v.20 no.4
• /
• pp.541-550
• /
• 2022

When decommissioning nuclear power plant (NPP), the first task performed is cost estimation. This is an important task in terms of securing adequate decommissioning funds and managing the schedule. Therefore, many countries and institutions are conducting continuous research and also developing and using many programs for cost estimation. However, the cost estimated for decommissioning an NPP typically differs from the actual cost incurred in its decommissioning. This is caused by insufficient experience in decommissioning NPPs or lack of decommissioning cost data. This uncertainty in cost estimation can be in general compensated for by applying a contingency. However, reflecting an appropriate standard for the contingency is also difficult. Therefore, in this study, data analysis was conducted based on the contingency guideline suggested by each institution and the actual cost of decommissioning the NPP. Subsequently, TLG Service, Inc.'s process, which recently suggested specific decommissioning costs, was matched with ISDC (International Structure for Decommissioning Costing)'s work breakdown structure (WBS). Based on the matching result, the guideline for applying the contingency for ISDC's WBS Level 1 were presented. This study will be helpful in cost estimation by applying appropriate contingency guidelines in countries or institutions that have no experience in decommissioning NPPs.

• International conference on construction engineering and project management
• /
• 2007.03a
• /
• pp.30-40
• /
• 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.

• KSCE Journal of Civil and Environmental Engineering Research
• /
• v.28 no.3D
• /
• pp.371-381
• /
• 2008

The systematic methodology for estimating construction cost approximately at planning and pre-design phase of a river facility construction project has not yet been established because of its unique characteristics including its relatively small project size in terms of cost. This research suggests a 4-level cost information structure and identifies critical factors affecting construction cost as a result of thorough analysis of accumulated historical cost data of river facility construction projects. Also, this research presents the framework of the approximate cost estimating methodology for river facility construction project a planning stage.

• Steel and Composite Structures
• /
• v.29 no.3
• /
• pp.287-299
• /
• 2018

The purpose of this study is to investigate the effectiveness of damped cable systems (DCS) to mitigate the earthquake-induced responses of a building frame structure. The seismic performance of the DCS is investigated using the fragility analysis and life cycle cost evaluation of an existing building retrofitted with the DCS, and the results are compared with the structure retrofitted with conventional fluid viscous dampers. The comparison of the analysis results reveals that, due to the self-centering capability of the DCS, residual displacement approximately reaches to zero for the structure retrofitted with the DCS. The fragility analysis shows that the structure retrofitted with the DCS has the least probability of reaching the specific limit states compared to the bare structure and the structure with the conventional fluid viscous damper (VD), especially under the severe ground motions. It is also observed that both the initial and the life cycle costs of the DCS seismic retrofitting technique is lesser compare to the structure retrofitted with the VD.

• Journal of the Korea Society of Computer and Information
• /
• v.5 no.4
• /
• pp.200-210
• /
• 2000

Distribution Activity for customer is preferred at Physical distribution system in e-commerce, so fast delivery and low distribution cost determine the core competency of enterprise. Because there is no cooperative system between with distribution centers in traditional distribution system, it is difficult to optimize the system. The purpose of this paper is to propose a cost structure model for multi-stage distribution system, which is used for determination of joint lot size and optimal demand and transportation policy. It is expected to contribute to development of algorithm for joint distribution system, which is minimized the transportation cost by the result of this cost structure model.

• Journal of Korean Association for Spatial Structures
• /
• v.21 no.3
• /
• pp.77-84
• /
• 2021

In this study, In order to apply the U-flanged truss hybrid beam to the actual construction site, the structural design of the basic module of the middle and low-rise neighborhood living facilities was performed according to the Korea Design Standard, and the construction cost and construction period were compared with the traditional reinforced concrete structure system. As a result of analyzing the construction cost for the basic module, if the U-flanged truss hybrid beam and D-Deck slab system are used, the construction cost can be reduced by 86% compared to the traditional reinforced concrete structure system. In addition, as a result of analyzing the construction period for a floor area of 1,000m², using the U-flanged truss hybrid beam and D-Deck slab system can save 2.0days in construction period compared to the traditional reinforced concrete structure system. Therefore, the U-flange truss hybrid beam can secure sufficient economic feasibility compared to the existing reinforced concrete method in terms of cost reduction and shortening of construction period.