• International conference on construction engineering and project management
• /
• 2011.02a
• /
• pp.273-279
• /
• 2011

Concerns over the environment have spawned a number of research studies in the construction industry, as the construction of built environments and large infrastructures involves diverse environmental impacts and loads of hazardous emissions. Many researchers have attempted to quantify these environmental loads, including greenhouse gases, carbon dioxide, nitrogen dioxide, and sulfur dioxide, to name a few. However, little research has been conducted regarding integrating the life-cycle assessment (LCA) of environmental loads with the current life-cycle cost analysis (LCCA) approach. This study aims to estimate the environmental loads as a monetary value using the European Climate Exchange (ECX) rate and, then, to integrate those impacts with the pure construction cost. Toward this end, this study suggests an integrated approach that takes into account the environmental effect on the evaluation of the life-cycle cost (LCC). The bill of quantity (BOQ) data of a real highway project are collected and analyzed for this purpose. As a result, considering the environmental loads in the pavement process, the total LCC increased 16% from the traditional LCC cost. This study suggests an integrated approach that will account the environmental effect on the LCC. Additionally, this study is expected to contribute to better decision-making, from the perspective of more sustainable development, for government as well as for contractors.

• Proceedings of the Korean Institute Of Construction Engineering and Management
• /
• 2007.11a
• /
• pp.872-875
• /
• 2007

Estimation of total construction period and cost in the early stage of the project is very important. Simulation is one of the method considering proper compound such as tools, materials for effective construction management and estimating and analysing affected factors to construction through making suitable process. This study is to develop the model by using Arena simulation considering limited facts like blast time in a subway tunnel construction of both sides inner city. Developed model is easily useful type by using Visual Basic program, and can obtain total construction period and cost as a result. It could be used as a decision making tool in early stage of the construction.

• Proceedings of the Korean Institute of Building Construction Conference
• /
• 2013.05a
• /
• pp.124-125
• /
• 2013

The purpose of this research is to propose an approximate estimation system for Modernized Hanok. Mock-up (Jisinjae) site data has been collected and analysed to characterize the modernized Hanok and to examine the range of cost fluctuation rate with each work items. As a result, number of floor, area (㎥), shape, methods and materials were considered as key factors for price change on the total construction cost. Furthermore, wood structure (34%) and roof (17%) account for major cost percentage. The cost fluctuation rate of two factors were -3.3%~+5.6% (wood structure) and -4.1%~+4.2% (roof). For further research, existing method will be analysed in order to developing the Hanok estimation system. And the cost fluctuation rate of every work items will be continually evaluated.

• The Journal of Asian Finance, Economics and Business
• /
• v.9 no.4
• /
• pp.185-190
• /
• 2022

The article analyzes the impact of factors affecting the application of management accounting in Vietnamese small and medium enterprises. It provides more empirical evidence on the factors affecting the application of cost management accounting. The research methodology involved a questionnaire survey of managers at all levels, and chief accountants and accountants of 65 Vietnamese construction enterprises. 220 questionnaires were collected in total, out of which 14 invalid questionnaires were not used due to many blank cells. The 5-level Likert scale is familiarly used in many studies, so the author also quantifies each factor according to five levels. Quantitative research was carried out with SPSS 25 software. Research results show that 4 factors positively influence the application of cost management accounting, including Business strategy, Management cost control, level of accounting staff, and Manager's point of view on cost management accounting. The level of accounting staff factor has the strongest influence on the application. Based on the research results, the author has proposed recommendations to improve the application of cost management accounting techniques of construction enterprises, thereby contributing to enhancing competitiveness and efficiency activities of construction enterprises in Vietnam.

• International conference on construction engineering and project management
• /
• 2011.02a
• /
• pp.510-515
• /
• 2011

Urban renewal projects, in the form of mega-projects, are being actively implemented both nationally and internationally to revitalize inactive cities. These programs, however, are difficult to manage efficiently due to their need for a large budget over a long period of time and due to conflicts with stockholders. Moreover, existing cost and duration management systems are structured with emphasis on the design and construction stage of unit projects, thus limiting their application to long-term mega-projects that are integrated with various facilities. To solve these problems, this study developed a web-based system that can collectively manage the cost and duration of mega-projects at a program level. The unit modules included in the system--CBS organization, construction cost and duration prediction, and total cost and duration prediction--can support decision-making at the early stage of the program. Furthermore, the modules, which include contract management, execution management, change management, and program progress management, support the program operations for its successful accomplishment. The web-based cost and duration management system developed in this study is expected to be used as a valuable tool that supports the successful accomplishment of mega-projects through their efficient management throughout their life cycle.

• Structural Engineering and Mechanics
• /
• v.59 no.5
• /
• pp.933-950
• /
• 2016

Decks, interior beams, edge beams and girders are the parts of a steel floor system. If the deck is optimized without considering beam optimization, finding best result is simple. However, a deck with higher cost may increase the composite action of the beams and decrease the beam cost reducing the total cost. Also different number of floor divisions can improve the total floor cost. Increasing beam capacity by using castellated beams is other efficient method to save the costs. In this study, floor optimization is performed and these three issues are discussed. Floor division number and deck sections are some of the variables. Also for each beam, profile section of the beam, beam cutting depth, cutting angle, spacing between holes and number of filled holes at the ends of castellated beams are other variables. Constraints include the application of stress, stability, deflection and vibration limitations according to the load and resistance factor (LRFD) design. Objective function is the total cost of the floor consisting of the steel profile cost, cutting and welding cost, concrete cost, steel deck cost, shear stud cost and construction costs. Optimization is performed by enhanced colliding body optimization (ECBO), Results show that using castellated beams, selecting a deck with higher price and considering different number of floor divisions can decrease the total cost of the floor.

• Proceedings of the Korean Institute Of Construction Engineering and Management
• /
• 2004.11a
• /
• pp.579-583
• /
• 2004

A new and extendable highway should be planned and budgeted by estimating the total construction cost on the basis of the precise cost data. However, the demolition or disjointing cost could not reflect construction site condition sufficiently because it was simply estimated by multiplying the highway structure installation cost by the regular ratio($10\~70\%$) specified in the Korea Standard Estimate. The regular ratio for estimating of demolition and disjointing cost was calculated by not actual construction cost data but subjective experiences of field manager. Therefore, the reliance of the estimated demolition or disjointing cost has been declined. The primary objective of this study is to purpose the standard for estimating proper demolition or disjointing cost of relevant items through various site analysis and survey, and to investigate on the propriety of ratio-unit price method for estimating demolition and disjointing cost.

• Journal of the Korean Recycled Construction Resources Institute
• /
• v.7 no.4
• /
• pp.113-120
• /
• 2012

This study was conducted basic research for introduction plan of building dismantlement to reduce construction waste fundamentally and efficiently. The current domestic and overseas legislations relation with dismantlement were compared. In addition, the difference of construction waste treatment and pure demolition cost that were applied to dismantlement and general deconstruction method in building were compared. The total cost that was estimated to apply dismantlement in building was higher about 6% than that of general deconstruction.

• International conference on construction engineering and project management
• /
• 2011.02a
• /
• pp.1-6
• /
• 2011

As large-scale building projects have recently increased for the residential, commercial and office facilities, construction costs for these projects have become a matter of great concern, due to their significant construction cost implications, as well as unpredictable market conditions and fluctuations in the rate of inflation during the projects' long-term construction periods. In particular, recent volatile fluctuations of construction material prices fueled such problems as cost forecasting. This research develops a time series model using the Box-Jenkins approach and material price time series data in Korea in order to forecast trends in the unit prices of required materials. Building information modeling (BIM) approaches are also used to analyze injection times of construction resources and to conduct quantity take-off so that total material prices can be forecast. To determine an optimal time series model for forecasting price trends, comparative analysis of predictability of tentative autoregressive integrated moving average (ARIMA) models is conducted. The proposed BIM-based time series forecasting model can help to deal with sudden changes in economic conditions by estimating material prices that correspond to resource injection times.

• Korean Journal of Construction Engineering and Management
• /
• v.5 no.3 s.19
• /
• pp.106-113
• /
• 2004

Most construction project managers should focus on the reasonable cost-down with same quality and function-enhancement with same cost for the value-added construction project delivery in construction industry. Especially, a building structure construction is one of the most important processes to affect the total cost and schedule in building construction project. It means that the process has the possibility of project cost-down or quality-enhancement among the whole project life-cycle. This research focuses on the importance of underground structure of building project by increasing underground use ratio in the urban building construction projects nowadays. This research adopts VE method for the improvement of cost and time by process and analysis dimension modeling on the underground building structure construction, and verifies it throughout the case study, This research is the basic study on the improvement of underground building works through the value engineering method in construction industry.