• Proceedings of the Korean Institute of Building Construction Conference
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• 2022.04a
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• pp.198-199
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• 2022

Reinforced concrete is the most widely used construction method for constructing structures. There is a lot of process for constructing Reinforced concrete structures such as installing rebars, molds and support, mixing and placing concrete, and curing. So the reinforced concrete work accounts for a large part of the total construction cost for constructing structure. For this reason a reasonable standard for estimating the cost of reinforced concrete construction has to be established and it will be possible to secure appropriate costs for construction work. In this study, we analyze the revision factors of the standard for estimating the cost of reinforced concrete construction and present them to secure reasonable construction costs.

• Structural Engineering and Mechanics
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• v.91 no.2
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• pp.149-161
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• 2024

In the world, the construction science and technology industry has developed strongly thanks to the application of Ultra-High Performance Concrete (UHPC) technology, with a strength greater than 150 Mpa and unprecedented durability. compared to previous materials. However, this technology can build special structures but has limited use in construction because it is not commercially feasible to replace regular concrete in most structural types due to material costs. high, lack of availability, limited design standards, complex manufacturing and maintenance techniques. This article examines the composition of UHPC materials and their performance in composite structures with conventional concrete, a promising choice for promoting the development of UHPC technology in construction. It is based on the combined use of UHPC as a covering layer around normal concrete or as an inner core to increase the strength of normal concrete, create a slender structure and reduce the cost and repair of construction works. Construction and transport infrastructure are degraded. Manufacturing costs are expected to be reduced with composite construction due to the advantages of combined materials.

• The Journal of Asian Finance, Economics and Business
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• v.8 no.1
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• pp.45-52
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• 2021

The capital structure is one of the hot financial topics among researchers and scholars. Its importance comes from the fact that capital structure is closely related to companies' ability to meet different stakeholders' needs. A suitable capital structure will boost the business and create a competitive advantage in the context of fierce competition. Many companies choose an optimal debt level based on the trade-off between interest and debt costs. This study aimed to test the existence of trade-off theory in capital structure, the case of Vietnam's real estate companies, which are growing very fast recently. Instead of considering constant optimal leverage to test the trade-off model, we take advantage of the dynamic capital structure determined by growth opportunities, profitability, tax incentives, tangibility, liquidity, and firm size. The dynamic panel data regression was estimated by the system Generalized Method of Moment (Sys-GMM). The empirical evidence showed that real estate companies listed in the Vietnamese stock market might change their leverage toward a target capital structure determined by influential factors in a long-term perspective. In particular, the debt-to-asset ratio will change by approximately 14 percent, positively, in response to the difference between the current debt-to-asset ratio and the dynamic target debt-to-asset ratio.

• Proceedings of the Korean Institute of Building Construction Conference
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• 2023.05a
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• pp.83-84
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• 2023

Wall structure smart modular is a building construction method where modules are manufactured in a factory and assembled on-site. This method is gaining popularity in the construction industry as it reduces construction time and mitigates risks such as material supply and labor costs. Wall structure smart modular is necessary as it provides comfortable temporary classroom space during renovation and remodeling of aging school buildings. The structure and characteristics of each type of temporary classroom modular were compared, and wall structure modular showed superior performance in terms of height and weight competitiveness compared to mixed structures. With these advantages, wall structure modular can ensure economic efficiency and recyclability as a temporary classroom. In the future, we aim to compare and analyze the standards such as inter-floor noise and heat transfer coefficient for wall structure and mixed structures.

• Journal of the Korean Society of Safety
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• v.25 no.6
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• pp.115-122
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• 2010

The importance of the life cycle cost (LCC) analysis for bridges has been recognized over the last decade. However, it is difficult to predict LCC precisely since the costs occurring throughout the service life of the bridge depend on various parameters such as design, construction, maintenance, and environmental conditions. This paper presents a methodology for the optimal life cycle cost design of a bridge. Total LCC for the service life is calculated as the sum of initial cost, damage cost, maintenance cost, repair and rehabilitation cost, user cost, and disposal cost. The optimization method is applied to design of a bridge structure with minimal cost, in which the objective function is set to LCC and constraints are formulated on the basis of Korean Bridge Design Code. Initial cost is calculated based on standard costs of the Korea Construction Price Index and damage cost on damage probabilities to consider the uncertainty of load and resistance. Repair and rehabilitation cost is determined using load carrying capacity curves and user cost includes traffic operation costs and time delay costs. The optimal life cycle cost design of a bridge is performed and the effects of parameters are investigated.

• Korean Journal of Construction Engineering and Management
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• v.1 no.1 s.1
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• pp.80-86
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• 2000

The future costs of energy and the cost of the repair of apartment buildings are expected to rise continuously in proportion to the initial costs. Therefore it has become important for these increasing costs to be incorporated and reflected in the design of the building. Systems such as structure and services for the buildings remain constant, but a number of the walls and windows can vary and thus have a major influence on the total construction and running costs of a building. The critical factor in the apartment unit design for the optimization of life cycle cost (LCC) is the ratio of the x and y axis of the walls in the unit plan. This paper demonstrates how to achieve the optimal size and thus optimize the LCC of the building.

• Journal of the Korea Academia-Industrial cooperation Society
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• v.16 no.9
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• pp.5829-5835
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• 2015

This paper investigates the impact of corporate governance structure on the firm's debt costs under different governance environments. We find that after the 2008 banking crisis, family firms with controlling shareholders benefit from lower debt cost through the strong control rights of dominating large shareholders, compared with the firms with diversified minority-shareholders. Foreign investors are related statistically to the higher cost of debt. Before the 2008 banking crisis, cash flows and growth potentials are positively associated with the firm's cost of debt.

• Food Science and Preservation
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• v.16 no.4
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• pp.490-498
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• 2009

This study attempted to examine the profitability and marketing costs of seed potato under contract farming system of BADC (Bangladesh Agricultural Development Corporation) with the help of primary and secondary data. Total 45 contract farmers were randomly selected. Attempts were made to calculate costs, returns and profitability of seed potato production under contract farming system, and to identify marketing channels of seed potato. The field level data were collected by a farm survey during the months of April 2005 through direct interviews with contract farmers and registered dealers using a structure survey questionnaire. The results showed that the gross return per hectare was Tk. 252,464 for all categories of farms. Cost of seeds, fertilizers, pesticides, irrigation and human labor were critical inputs for profitability of seed potato. Cobb-Douglas production function analysis was used to determine the effects of the key variables to seed potato production under contract farming system. The elasticity of seed potato production was at 0.727 for all categories of farms. The findings exhibited that the summation of elasticity of different inputs for seed potato production was less than one, implying that the production function exhibited decreasing returns to scale. Registered dealers and Upazila Sales Centers were involved in seed potato marketing formed a straightforward marketing channel. The total marketing costs of registered dealers were Tk. 759.49 per ton of seed potato. The net marketing margin of registered dealers was estimated at Tk. 465.51 per ton of seed potato. The selected contract farmers and registered dealers faced a number of problems and some of recommendations were suggested.

• Journal of Korean Society of Occupational and Environmental Hygiene
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• v.31 no.4
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• pp.353-366
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• 2021

Objectives: An appropriate level of cost support is being proposed to maximize the participation rate. In addition, as the amount of support is highly concentrated at the level of the limit under the current level of supports, the level of cost support is low when the actual level of cost of measuring the working environment exceeds the limit. This paper describes the adjustment of an appropriate cost support rate. Methods: First, this paper analyzes the current cost support status using data from the KOSHA. Second, an alternative for adjusting the cost support rate is presented in consideration of the incentive aspect. Third, we present simulation results for the average cost support rate, the impact of each alternative on finance, and more. Fourth, the most desirable adjustment method is presented after comparing and analyzing the results of various alternatives. Results: In this paper, we present a new scale model. This model is a mixture of flat-rate, fixed rate, and subside cap. It is expected that the new model will not only facilitate participation in businesses with low measurement costs, but also have the effect of controlling measurement costs for institutions that incur greater costs. It is also expected that setting a cap will have the effect of considering government finances and inducing excessively costly institutions to reduce costs. Thus, the new model is likely to be superior to others. If the fourth plan is applied to new businesses and the fifth plan is applied to sustainable businesses, the average cost support rates will be 87.68 percent and 65.18 percent, respectively, and the needed finances will be 2.5 billion won, 18.8 billion won, and 21.3 billion won in total. Conclusions: It seems most desirable to introduce a new model that combines flat-rate, fixed-rate, and subsidy cap systems and achieve an appropriate cost support rate through this model.

• Journal of Korea Trade
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• v.26 no.3
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• pp.23-44
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• 2022

Purpose - Recent issues such as vessel enlargement, strengthening of environmental regulations, and port smartization are expected to increase costs and intensify competition in the port industry. In the new normal era, when external growth has reached its limit, the efficient operation of ports is becoming indispensable for achieving sustainable growth. This study aims to identify the determinants of inefficiency by examining the cost structure and efficiency of container terminals in Korea and furthermore propose the political implications to derive the maximization of efficiency. Design/methodology - This study estimates the cost function of container terminal operators and identifies the efficiency of container terminals using stochastic cost frontier (SCF) in the first stage. In the second step, the SCF results are compared with the data envelopment analysis (DEA). Last, this paper proposes efficiency determinants on container terminal operation to establish appropriate strategies. Out of the 29 container terminal operators in South Korea, 13 operators participated in the survey. The translog cost function was estimated utilizing a total of 116 observations collected over the 2007-2017 period. Findings - Empirical analysis shows that economies of scale exist in Korea's container ports, which provides a rationale for the government's policy to establish the global terminal operator by integrating small terminal operators to enhance competitiveness. In addition, as a result of the determinants analysis, container throughput, weight of direct employment costs, and labour cost share have positive effects on improving cost efficiency, while inefficiency increases as the length of quay increases. More specifically, cost efficiency improves as the proportion of direct employment costs to outsourcing service costs increases. Originality/value - This study contributes to analyzing the inefficiency factors of container terminals through efficiency analysis with respect to a cost function. In addition, this study proposes the practical and political implications, such as establishing a long-term manpower pool, the application of the hybrid liner terminal system, and the construction of a statistical data system, to improve the cost inefficiency of terminal operators.