• Korean Chemical Engineering Research
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• v.53 no.2
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• pp.164-173
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• 2015

This study aims to design energy supply systems from various energy sources for transportation sectors and comparatively analyze the life cycle cost of different scenario-based systems. For components of the proposed energy supply system, we consider a typical oil refinery, byproduct hydrogen system, renewable energy source (RES)-based electric generation system and existing electricity grid. We also include three types of vehicles in transportation sector such as internal combustion engine vehicle (ICEV), electric vehicle (EV), fuel cell vehicle (FCV). We then develop various energy supply scenarios which consist of such components and evaluate the economic performance of different systems from the viewpoint of life cycle cost. Finally we illustrate the applicability of the proposed framework by conducting the design problem of energy supply systems of Jeju, Korea. As the results of life cycle cost analysis, EV fueled by electricity from grid is the most economically feasible. In addition, we identify key parameters to contribute the total life cycle cost such as fuel cost, vehicle cost, infra cost and maintenance cost using sensitivity analysis.

• Journal of the Korean Society of Safety
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• v.29 no.6
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• pp.94-98
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• 2014

This study was intend to develop the optimal design method of suspension bridge by the reliability analysis based on minimization of life cycle cost(LCC). The reliability analysis was performed considering aleatory uncertainties included in the result of numerical analysis. The optimal design was estimated based on life-cycle cost analysis depending on the result of reliability analysis. As the effect of epistemic uncertainty, the safety index (beta), failure probability (pf) and minimum life cycle cost were random variables. The high-level distributions were generated, from which the critical percentile values were obtained for a conservative bridge design through sensitivity assessment.

• Journal of Korean Society of Coastal and Ocean Engineers
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• v.23 no.6
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• pp.422-428
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• 2011

Optimal reliability indices were found by optimizing life cycle cost(LCC) of pier type quay walls. Failure probability of pier and shore bridge were calculated by response surface method. Then, they were used to obtain recovery cost after damage. Costs for initial construction and maintenance were also considered in finding optimal reliability indices. Target reliability indices which may be used in reliability based design were suggested by numerical examples under seismic load and ship load.

• KSCE Journal of Civil and Environmental Engineering Research
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• v.26 no.6A
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• pp.977-988
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• 2006

The goal of this study is to develop a realistic methodology for determination of the Life-Cycle Cost (LCC)-effective optimal seismic retrofit and maintenance strategy of deteriorating bridges. The proposed methodology is based on the concept of minimum LCC which is expressed as the sum of present value of seismic retrofit costs, expected maintenance costs, and expected economic losses with the constraints such as design requirements and acceptable risk of death. The proposed methodology is applied to the LCC-effective optimal seismic retrofit and maintenance strategy of a steel bridge considered as a example bridge in the accompanying study, and various conditions such as corrosion environments and Average Daily Traffic Volumes (ADTVs) are considered to investigate the effects on total expected LCC. In addition, to verify the validity of the developed methodology, the results are compared with the existing methodology. From the numerical investigation, it may be positively expected that the proposed methodology can be effectively utilized as a practical tool for the decision-making of LCC-effective optimal seismic retrofit and maintenance strategy of deteriorating bridges.

• Korean Journal of Construction Engineering and Management
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• v.6 no.6 s.28
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• pp.133-141
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• 2005

In the resent years, the importance of VE (value engineering) and LCC (life cycle cost) analysis for apartment building construction projects has been fully recognized. Accordingly theoretical models, guidelines, and supporting software systems were developed for the value engineering and life cycle cost analysis for construction management including large building systems. However, the level of consensus on VE and LCC analysis results is still low due to the lack of reliable data on maintenance. This paper presents time dependent LCC model based value analysis method for rational investment decision making and design alternative selection for construction of apartment building. The proposed method incorporates a time dependent LCC model and a performance evaluation technique by fuzzy logic theory to properly handle the uncertainties associated with statistics data and to analyze the value of alternatives more rationally. The presented time dependent VE and LCC analysis procedure were applied to a real world project, and this case study is discussed in the paper. The model and the procedure presented in this study can greatly contribute to design value engineering alternative selection, the estimation of the life cycle cost, and the allocation of budget for apartment building construction projects.

• Journal of the Korea Concrete Institute
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• v.21 no.3
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• pp.359-366
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• 2009

A new life-cycle cost (LCC) evaluation scheme for marine reinforced concrete structures is proposed. In this method, unlike the conventional life-cycle cost evaluation performed during the design process, the life-cycle cost is updated successively whenever new information of the chloride penetration is available. This updating is performed based on the Bayesian approach. For important structures, information required for this new method can be obtained without any difficulties because it is a common element of various types of monitoring systems. Using the new method, the life-cycle maintenance cost of structures can be estimated with a good precision.

• KSCE Journal of Civil and Environmental Engineering Research
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• v.33 no.4
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• pp.1639-1650
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• 2013

Road pavement management is an important activity that affects to national economy, movement and safety of people, and also demands huge amount of budget. Therefore, its management strategy must be established under objective information. In addition, decision support system that produces the management strategy needs to consider practical benefits from various aspects. Considering these aspects, this paper aimed to develop a customized Korean life cycle cost analysis model estimating various effects on road users and socio-environmental costs based on pavement condition. The suggested LCCA model focused on Korean national highway, and tried to adopt a national guideline recommended by Korean government for securing credibility of estimation results. In the development processes, some of the suggestions that do not fit well in the situations of pavement management field were added, altered, or partially modified. These attempts to develop customized asset management system would be an important step to break away from passive attitudes relying on ready-made software, but also to improve awareness about the social benefits from the better maintenance strategy.

• 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 Society of Disaster Information
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• v.9 no.4
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• pp.476-483
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• 2013

In this study, discharged nylon fibers were added to asphalt concretes to be compared with fatigue life and analyzed in economic point of view. A four point bending fatigue test was conducted, and as a result, nylon fiber reinforced asphalt concretes that showed a 10percent increase in fatigue life compared to ordinary asphalt concrete. The economic analysis confirmed that the maintenance cost was decreased by 540 million won throughout the analyzing period. It is thought discharged nylon fiber reinforced asphalt will cause more economic and social effects than was shown by life cycle cost analysis.

• Journal of KIBIM
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• v.5 no.2
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• pp.34-45
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• 2015

As buildings become larger and more complicated, construction costs have increased with a considerable effect on buildings' Life Cycle Cost (LCC). However, there has been little consideration on economic aspects in the selection of construction materials due to limited information on the materials and dependency in architects' experience and inefficiency in cost estimation, causing design changes, increase in maintenance cost, difficulty in budgeting, and decrease in building performance. To solve these problems, this study proposed a BIM-based material selection model which reflects the comprehensive economic efficiency of building materials. Our cost prediction model can estimates the material-related cost during the entire building life cycle. Furthermore, we implemented the proposed model in connection with BIM, which can analyze and compare LCC by material. Through the validation of the model, we could confirm the necessity of LCC-based material selection in comparison with the conventional cost-centered material selection.