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An Empirical analysis of the Effect of Variables on Maintenance Expenses of Public Rental Housing  

Kang, Hyun-Kyu (경희대학교 대학원 건축공학과)
Han, Choong-Hee (경희대학교 토목.건축공학부)
Publication Information
Korean Journal of Construction Engineering and Management / v.7, no.6, 2006 , pp. 185-192 More about this Journal
Abstract
The maintenance expenses of public rental housing have drastically been increased as facilities become obsolete. As an effective means of managing such a situation, accurate estimating of maintenance expenses and securing financial resources are crucially important. It, therefore, is necessary to analyze major factors affecting on maintenance expenses of public rental housing's facilities, and develop an effective instrument to estimate them. On the other hand, the U.S.A, where approximately 60 percent of public rental housing's operating costs are supported by the state, has already developed an effective tool to forecast operating costs based on several years' actual data. As a result, public rental housing has been operating with a reasonable level. However, there have been no remarkable researches and studies in this field in Korea. In this context, this study attempts to examine principal determinants of maintenance expenses of public rental housing's facilities, and their influence based on the latest five years' actual operating costs. This study may contribute to develop an objective and precise tool to forecast maintenance expenses of public rental housing.
Keywords
Public Rental Housing, Operating Cost, Deterioration;
Citations & Related Records
Times Cited By KSCI : 1  (Citation Analysis)
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