• Korean Journal of Construction Engineering and Management
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• v.23 no.6
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• pp.65-75
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• 2022

As performance measurement is important for systematic management, the key indicators for performance measurement have been consistently researched in the construction industry. However, there are only a few cases in which performance measurement is performed because it requires strenuous efforts to collect data for measurement. Unlike the public sector, which has been collecting project data through laws, the private sector has very little data to measure performance. In contrast, supervision work concerns important data necessary for the performance management on building construction sites in accordance with the Building Act. Therefore, in this study, we used the data from supervisory reports to measure the performance of private building projects. First, we derived 6 performance areas and 15 indicators through a few rounds of expert group discussions and 2 surveys. Then, we identified the performance indicators with high feasibility of data collection and computed their degree of significance via the analytic hierarchy process. It is expected that the performance indicators and their computational processes derived in this study can be used to systematically measure the performance and aid the speedy diagnosis of private building construction sites.

• Journal of the Korean association of regional geographers
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• v.10 no.1
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• pp.110-131
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• 2004

The goal of the study is to analyze aggressive attempts of China and Japan to construct the Siberia oil pipeline in a direction to its advantage from the political economic perspective. The pipeline is to affect significantly energy Policies in the Northeast Asia in the future. First this Paper reviews the ongoing Processes of the Pipeline construction thus far. Next, domestic and foreign factors in Russia which are related to the laying of the pipeline, were taken into consideration. Applicability of the mercantilist and liberalist approaches to the energy supply of Russia were examined in the situation. As a result, the dualistic approach in energy supply was found to be limited in its real applicabilities and the political economic approach proved to be more suitable in that Russia currently seeks economic security in Northeast Asia. Finally the implications of the Siberia oil pipeline construction were suggested for the current energy situation in Korea.

• Korean Journal of Construction Engineering and Management
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• v.6 no.2 s.24
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• pp.129-138
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• 2005

The purpose of this study is to assess economic effects for an advanced technology-based HVAC system. The study has been performed using LCC technique for the economic analysis. Data for LCC analysis are collected from estimation and interview of estimators and maintenance experts of buildings. Based on the LCC analysis, the economic effect of a new HVAC system has been predicted as follows : for the investment during 15 years of study period, (1) $21.6\%$ of LCC saving is predicted, (2) return rate for the investment is 4.8 times in case of new construction, and 14.4 times in case of building remodelling.

• Korean Journal of Construction Engineering and Management
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• v.22 no.1
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• pp.90-97
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• 2021

Saemangeum Development is the largest national project in South Korea, which has been developed for an agricultural, economic and tourist area for 30 years from 1987. In order to convert power sources that used to depend on nuclear and thermal power to eco-friendly for carbon reduction, the government plans to construct a 2.1GW floating photovoltaic project by investing 4.6 trillion won, as a public-private project. For success of the Saemangeum floating photovoltaic project, economic feasibility should be checked. This study defined the factors (construction cost, electricity selling price, power generation and maintenance cost) that give a effect to the volatility of the floating photovoltaic payoffs, and analyzed the volatility of payoffs during 20 years operation period. NPV and option value of the project were calculated by applying an option to abandon. According to NPV analysis, it is determined that projects are difficult to invest. But this project has economic feasibility through real options analysis. This study is expected to help decision-makers in the economic analysis of floating photovoltaic projects by using the real options analysis.

• International conference on construction engineering and project management
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• 2009.05a
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• pp.272-275
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• 2009

Carbon finance is the investment in Greenhouse Gas (GHG) emission reduction projects in developing countries and countries with economies in transition within the framework of the Kyoto Protocol's Clean Development Mechanism (CDM) or Joint Implementation (JI) and with creation of financial instruments, i.e., carbon credits, which are tradable in carbon market. The additional revenue generated from carbon credits will increase the bankability of projects by reducing the risks of commercial lending or grant finance. Meantime, it has also demonstrated numerous opportunities for collaborating across sectors, and has served as a catalyst in bringing climate issues to bear in projects relating to rural electrification, renewable energy, energy efficiency, urban infrastructure, waste management, pollution abatement, forestry, and water resource management. Establishing additionality is essential for successful CDM project development. One of the key steps is the investment analysis. As guided by UNFCCC, financial indicators such as IRR, NPV, DSCR etc are most commonly used in both Option II & Option III. However, economic indicator such as Economic Internal Rate of Return(EIRR) are often overlooked in Option III even it might be more suitable for the project. This could be due to the difficulties in economic analysis. Although Asian Development Bank(ADB) has given guidelines in evaluating EIRR, there are still large amount of works have to be carried out in estimating the economic, financial, social and environmental benefits in the host country. This paper will present a case study of a CDM development of a 18 MW hydro power plant with carbon finance option in central Vietnam. The estimation of respective factors in EIRR, such as Willingness to Pay(WTP), shadow price etc, will be addressed with the adjustment to Vietnam local provincial factors. The significance of carbon finance to Vietnam renewable energy development will also be addressed.

• Journal of Korean Society of Industrial and Systems Engineering
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• v.19 no.38
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• pp.189-197
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• 1996

It is in general reported that construction cost in an underground storage facility is less than that of the same capacity and features in an aboveground facility. Since these costs have a derivative with respect to facility size and fridging unit, the cost of construction and fridging unit are sensitive to location of storage, items to store, and rock quality of storage site. In this paper, to analyse an economic investment point for the underground food storage relative to aboveground storage, we compared these two models which have equivalent annual cost with the total cost that consists of initial facility investment cost and annual operation cost. Based on comparison of the economic investment in the underground with aboveground storage. an economic initial investment cost has been suggested for storing the agricultural and fish products.

• Proceedings of the Korea Concrete Institute Conference
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• 1997.04a
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• pp.508-514
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• 1997

RCS system consists of RC columns and Steel girders. Because RC columns are useful for compression and steel girders are for bending moment, RCS system has good structural performances. This system, however, has had no verification in the onstruction fields. This paper is a feasibility study on RCS system to verify the structural and economic efficiency of RCS system. On this study, we analyze 18 models selected by existing building data survey, and design these models as steel system,SRC system (Steel + RC system) and RCS system. To verify the economic efficiency of RCS system, we estimate the columns of these models. And we predict the construction procedure of RCS system to compare construction duration of RCS system with others So, in this study we find that RCS system is more economic than steel system and SRC system.

• Journal of Korean Association for Spatial Structures
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• v.7 no.1 s.23
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• pp.87-94
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• 2007

An economic analysis is one of the most important factor to determine tile project feasibility. In some mega project, however, it is not unique factor to make a Go or No-Go decision because of overriding this work, an economic aspect by some project indirect factor such as political, social, environmental and technical factor, etc. The purpose of the this study is to investigate the cost model effects of spatial structure.

• Proceedings of the Korean Institute of Building Construction Conference
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• 2013.05a
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• pp.155-157
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• 2013

Ground source heat pump(GSHP) systems have been attracted as high-efficient energy-saving technology, but the building clients and designers have hesitated to use GSHP systems which is a expensive initial installation and a uncertain economic feasibility. Therefore In order to reduce the initial cost, many researchers have focused on the energy-pile system using the structure of the building as a heat exchanger. Even though many of experimental studies for energy pile system have been conducted, there was not enough data of a quantitative evaluation with the economic analysis and comprehensive analysis for energy-pile. In this study, the feasibility study for the energy pile system with a barrette pile was conducted by the performance analysis and LCC assessment.

• Journal of the Korea Safety Management & Science
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• v.24 no.3
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• pp.39-46
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• 2022

This study has found the socio-economic factors that affect occupational accidents and measured the influence quantitatively. We built the panel data of 4 countries (Japan, Germany, the U.S., and the U.K.) and the analysis model counted on the fixed effect model to reflect the countries' differences. The fatal occupational injury rates in the analyzed countries had a statistically significant relationship with the level of per capita GDP, the proportion of the construction industry, the rate of male workers, annual average working hours, the rate of workers in manufacturing and construction industries, etc. The annual average working hours have a positive correlation with the fatal occupational injury rate. To reduce occupational accidents effectively, we should be monitoring and researching various factors that can affect the occurrence of occupational accidents such as worker characteristics, changing industrial structure, and changes in working hours.