• 국제학술발표논문집
• /
• The 9th International Conference on Construction Engineering and Project Management
• /
• pp.952-959
• /
• 2022

Active construction work zones will result in longer travel time and/or longer travel distances for road users because of reduced speed limits and/or detours. This results in increased fuel consumption and increased emissions of harmful gases such as Carbon Monoxide (CO), Nitrogen Oxides (NOx), and Sulfur Oxides (SOx), which causes discomfort to the environment and road users around the work zone. The impact of such emissions should be considered while designing work zones or determining the number of days the roadway will be allowed to be closed partially or fully. This study develops a methodology to compute additional road user costs associated with such work zones. To achieve this goal, a) an extensive literature review is conducted, b) a framework to compute emission cost is developed, c) emission rates are computed for all counties (95) of the state of Tennessee, and d) a case study is conducted to demonstrate the use of the framework to estimate the additional impact of emission because of the work zone. For the case study conducted, the emission cost was computed to be $10,653.60 for the duration of the project. State DOTs can account for such road user costs while selecting contractors using A+B bidding. Accounting for such impact of emission will also indicate the agency's willingness to consider sustainability as a part of the business practices.

• 교육시설 논문지
• /
• 제24권6호
• /
• pp.3-10
• /
• 2017

The efforts for sustainable development in building construction is widely applied by global organizations, governments, etc. However, according to the researchers, if the green rating systems on the building, it is reported that construction costs and durations are increased compared to conventional buildings. In this respect, the objective of this study is to identify the construction costs between LEED and non-LEED buildings. The scope of this study is limited in 21 university buildings of Canada. The methodology is as follows: First, the data of LEED and non-LEED buildings are collected in every university building. Second, the average construction costs per square meter is collected and normality check is conducted. Third, to identify statistical significance, the difference of average construction costs is analyzed by using T-test. As a result, it is concluded that the construction costs of LEED buildings are increased by approximately 3.8% more than non-LEED buildings. In the future, the results of this study can be applied to analyzing the additional costs according to the LEED grade in educational buildings.

• 한국건설관리학회:학술대회논문집
• /
• 한국건설관리학회 2001년도 학술대회지
• /
• pp.295-300
• /
• 2001

건설사업에서 설계변경으로 인해 공사기간의 연장뿐만 아니라 이로 인한 추가적인 비용이 발생하고 있다. 추가비용 중에서 간접비 부분은 산정방법이 다양하다. 외국의 경우, 작업 생산성 손실 산정과 관련된 많은 클레임에서 각 연구기관에서 수행한 발표자료를 인용하고 있다. 하지만, 국내의 경우 생산성 손실을 발생시키는 여러 요소들이 왜 발생하는지, 그리고 전체 프로젝트에 어떤 영향을 미치는지에 대한 이해 및 연구에 관한 자료는 극히 미비한 실정이다. 따라서, 본 논문에서는 건설현장에서 생산성 손실에 영향을 주는 요소들을 분석하고, 이로 인해 발생하는 손실을 국내 현실에 적합하게 정량적으로 산정 한 수 있는 방법을 제안하고자 한다.

• 한국철도학회논문집
• /
• 제19권1호
• /
• pp.77-86
• /
• 2016

도시철도 운영기관은 전동차의 설계수명이 도래하기 전에 신규차량 도입 시기를 결정해야 한다. 최근 널리 활용되고 있는 생애주기비용(LCC; Life Cycle Cost) 연구는 현재 운행 중인 분석대상 전동차에 직접적으로 소요되는 비용만을 고려하며 신규차량 도입으로 인한 유지보수비용의 절감효과, 사회적비용 등을 고려하지 않아 신규차량 구매 시기에 따른 비용을 종합적으로 판단하기 어렵다. 본 연구에서는 LCC에서 활용되는 비용과 노후화에 따른 고장 및 안전사고로 인한 운영기관의 부대비용, 피해승객의 사회적 비용을 포함하고, 신규차량의 구매 시기에 따른 대안별 비용분석, 할인율 변화에 따른 민감도를 분석하였다. 세월호 사고 이후 안전사고에 대한 국민적 경각심이 높은 점을 감안할 때 차량 도입 시기에 대한 의사결정 과정에서 부대비용과 사회적비용을 함께 고려할 필요가 있으며, 본 연구결과 이러한 비용의 포함여부 및 할인율에 따라 대안의 경제적 우선순위가 변동될 수 있음을 보여주었다. 이는 향후 차량수급 중장기 경영계획 수립을 위한 의사결정에 큰 시사점을 줄 것으로 판단된다.

• 산업경영시스템학회지
• /
• 제22권49호
• /
• pp.59-65
• /
• 1999

This paper considers the cell formation in a manufacturing environment where the setup times and costs are significantly dependent on the sequence. The trade-off between saving on the setup costs and additional investment on new machines is considered for determining the economic number of cells. Accordingly, This paper develops a mixed integer program and mentions a variety of manufacturing situations where this model can be useful. This paper also includes an illustrative example.

• 대한수학회지
• /
• 제41권3호
• /
• pp.513-533
• /
• 2004

We present the pricing and hedging method for options with general payoffs in the presence of transaction costs. The convexity of the payoff function-gamma of the options- is an important issue under transaction costs. When the payoff function is convex, Leland-style pricing and hedging method still works. However, if the payoff function is of general form, additional assumptions on the size of transaction costs or of the hedging interval are needed. We do not assume that the payoff is convex as in Leland 〔11〕 and the value of the Leland number is less (bigger) than 1 as in Hoggard et al. 〔10〕, Avellaneda and Paras 〔1〕. We focus on generally recognized asymmetry between the option sellers and buyers. We decompose an option with general payoff into difference of two options each of which has a convex payoff. This method is consistent with a scheme of separating out the seller's and buyer's position of an option. In this paper, we first present a simple linear valuation method of general payoff options, and also propose in the last section more efficient hedging scheme which costs less to hedge options.

• 한국중재학회지:중재연구
• /
• 제29권4호
• /
• pp.77-100
• /
• 2019

Third-party funding in international and domestic disputes is a fast-growing trend and it is increasingly used by large, solvent companies that simply wish to share risk in their finance. On January 10, 2017, the Civil Law Amendment Bill was passed in Singapore and on June 2017 an "Arbitration and Mediation Legislation (Third Party Funding) Bill" in Hong-Kong had a third-party funding to finance the international arbitration and other dispute resolutions expressly approved. This arbitral tribunal's expanding discretion over critical interim measure of security cost was in issue. In Essar v. Norscot (2016), the arbitrator found that the additional third-party funding costs were recoverable as "other costs of the parties." In here, the decision showed the issue of a tribunal's power over cost measures could spread out to be reviewed and broadened through the legislative process. A recent investor-state arbitration case of ICSID, RSM Production Corporation v. Saint Lucia, covered the express awarding of security for costs where a claimant was funded by a third-party funder. It seems inevitable that the volume of third-party funding industry will grow more as time goes on. The next step would be to formulate guidelines on how to determine criteria against which an application for security for costs is measured.

• Safety and Health at Work
• /
• 제5권2호
• /
• pp.66-72
• /
• 2014

Background: The purpose of this study was to enumerate the annual morbidity and mortality incidence and estimate the direct and indirect costs associated with occupational injuries and illnesses in Bangkok in 2008. In this study, data on workmen compensation claims and costs from the Thai Workmen Compensation Fund, Social Security Office of Ministry of Labor, were aggregated and analyzed. Methods: To assess costs, this study focuses on direct costs associated with the payment of workmen compensation claims for medical care and health services. Results: A total of 52,074 nonfatal cases of occupational injury were reported, with an overall incidence rate of 16.9 per 1,000. The incidence rate for male workers was four times higher than that for female workers. Out of a total direct cost of $13.87 million, $9.88 million were for medical services and related expenses and $3.98 million for compensable reimbursement. The estimated amount of noncompensated lost earnings was an additional $2.66 million. Conclusion: Occupational injuries and illnesses contributed to the total cost; it has been estimated that workers' compensation covers less than one-half to one-tenth of this cost.

• Environmental Engineering Research
• /
• 제20권4호
• /
• pp.356-362
• /
• 2015

Many burial sites were constructed in a short time to prevent the rapid spread of foot and mouth disease in infected livestock carcasses in Korea. More than 4,700 carcass burial sites were constructed in 2011. Approximately seven million poultry and 3.5 million livestock, including cattle and swine, were buried on farmland. Some burial sites were suspected of leachate leakage and were excavated and carcasses redisposed in a bioaugmentation process. This study performed interviews in order to understand the economic issues related to carcass burial and redisposal. The internal data from local government and the assumption data from online sites were analyzed to evaluate the costs; the focus was on burial site construction. The results showed that the local government paid $4.7 and $10.9 per carcass for traditional burial and redisposal. The comparable costs shown online were $4.5. This study found that the standard operating procedures should be carried out to reduce environmental impact and avoid additional costs. We estimated that the cost could be reduced by the advance preparations of materials against the emergency situations such as catastrophe of epidemics. In addition, the innovative technology for the stabilization of carcasses should be established through a future study.

• 한국경영과학회지
• /
• 제38권2호
• /
• pp.25-42
• /
• 2013

We consider a project time-cost tradeoff problem with two milestones, where one of the jobs has an uncertain processing time. Unless each milestone is completed on time, some penalty cost may be imposed. However, the penalty costs can be avoided by compressing the processing times of some jobs, which requires additional resources or costs. The objective is to minimize the expected total costs subject to the constraint on the expected project completion time. We show that the problem can be solved in polynomial time if the precedence graph of a project is a chain.