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http://dx.doi.org/10.5345/JKIBC.2013.13.4.321

A Linkage Method for the Life Cycle Cost Breakdown Structure through an Analysis of Boundary Conditions  

Jeong, Jae-Hyuk (Department of Architectural Engineering, Mokpo National University)
Kim, Tae-Hui (Department of Architectural Engineering, Mokpo National University)
Publication Information
Journal of the Korea Institute of Building Construction / v.13, no.4, 2013 , pp. 321-332 More about this Journal
Abstract
Costs and expenses are intertwined and incurred throughout an entire construction project, even from the pre-construction phase, and each phase has a different impact on the life cycle cost (LCC). However, the cost breakdown structure (CBS) is different in each phase of a building construction project, which makes it hard to reasonably calculate construction cost. For this reason, the boundary conditions were analyzed in this study based on the life cycle cost break structure (LCCBS). In addition, breakdown factors were analyzed based on the boundary conditions to derive a linkage method. The validity of the linkage method was verified through application to actual construction projects. Through the analysis, it was found that the problem of items being left out was reduced by more than 97.2 percent, and the work was done an average of 6 hours faster compared to the conventional method. It is expected that by applying the new LCC system, LCC will be both reduced and calculated in a more efficient manner.
Keywords
cost breakdown structure; life cycle cost; boundary conditions; life cycle cost breakdown structure;
Citations & Related Records
Times Cited By KSCI : 8  (Citation Analysis)
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