• Journal of the Korean Solar Energy Society
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• v.32 no.1
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• pp.56-66
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• 2012

This study evaluated the economic benefits by comparing Cooling-Heating System with the existing system in the public library. The building's annual energy consumption was measured by adding the figures of the absorber chillers, the air conditioners and heaters in the building. The total amount of annual energy consumption was 143.51RT in air-conditioning and 83.66RT in heating. So, We made the capacity of geothermal heat pumps three 50RTs in order to check up this system. In order to estimate each construction and equipment cost and to evaluate economical efficiency, LCC(Life Cycle Cost) method was used and the service life of the building was sixty years. The result of analysis was that the geothermal cooling-heating system was more efficient than the existing system in public library.

• Structural Engineering and Mechanics
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• v.71 no.5
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• pp.563-576
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• 2019

According to The Concrete Centre, in the UK shear walls have become an inseparable part of almost every reinforced concrete frame building. Recently, the construction industry has questioned the need for shear walls in low to mid-rise RC frame buildings. This study tried to address the issue in two stages: The first stage, the feasibility of removing shear walls in an existing design for a residential building where ETABS and CONCEPT software were used to investigate the structural performance and cost-effectiveness respectively. The second stage, the same structure was examined in various locations in the UK to investigate regional effects. This study demonstrated that the building without shear wall could provide adequate serviceability and strength within the safe range defined by Eurocodes. As a result, construction time, overall cost and required concrete volume are reduced which in turn enhance the sustainability of concrete construction.

• Proceedings of the Korean Institute of Building Construction Conference
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• 2023.05a
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• pp.89-90
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• 2023

This dissertation investigates the feasibility of accurately calculating the required rebar length using BIM-based shape codes and the potential benefits of such an approach in terms of cost reduction, waste reduction, and environmental improvement. The study aims to explore the possibility of automatically calculating slab rebar length before construction to reduce rebar cutting waste and cost. The results of this study will provide insights into the potential of using shape codes to reduce rebar cutting waste and cost in building frame construction.

• Journal of the Korea Institute of Building Construction
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• v.20 no.2
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• pp.147-153
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• 2020

It is important to estimate the optimal construction cost at the early stage of the project. In this regard, conceptual cost estimate is an important factor for estimate optimal construction cost. However, domestic conceptual cost estimate are only used as cost per unit area according to the building type, and it's accuracy is not high. Hence, the purpose of this study is to calculate the approximate quantity and cost for reinforcing bars, concrete, and formwork by presenting a regression formula based on the total floor area of the common work items in the frame work. In order to verify the accuracy and validity of the regression formula presented in this study, a comparative analysis was performed by applying the regression formula and the traditional approximate quantity take-off method to real cases. As a result, the estimated error rate of the traditional method was -102~+55%, and exceeded the estimated conceptual cost estimate accuracy range of -50~+100% suggested by AACE(American Association of Cost Engineering). On the other hand, the error rate of the regression formula method presented in this study was -6.4~+11.62%. This can be used not only for conceptual cost estimate range of accuracy, but also for detailed estimates. However, it is necessary to analyze the factors that affect the unit price as well as quantity in order to calculate the appropriate cost.

• Journal of the Korea Institute of Building Construction
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• v.9 no.1
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• pp.65-73
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• 2009

Looking at current construction costs estimations of publicly declared public works, there are many instances where estimation criteria are ambiguous and doesn't imply the reality. Up to date, estimation criteria for calculating construction cost estimations are simply by unit area multiplication and stochastic construction cost estimation. However, possibility of making errors are high due to using uniform data that excludes each public work's specifications and environmental conditions. Further, on the aspect of cost management, there is certain limitation in the efficiency of cost management in order-placing stage and commencing-work stage; while efficient cost management and reduction of expenses are highly possible during initial stages of the project. In this respect, the paper adopts positive approach with regards to construction cost estimations of public works and draws common elements from calculation tables of the construction cost estimations from 3 completed domestic construction works; after which, the paper analyzes whether business exposition, construction guide and publicly-declared estimated construction costs that the orderer issued are calculated economically and properly; deducing problems in the process, the paper seeks to recommend rational calculation method on this.

• Proceedings of the SAREK Conference
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• 2006.06a
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• pp.921-926
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• 2006

The present study has been conducted economic analysis through actual operation of EHP and GHP which are installed at the same building of an university Cost items, such as initial cost, annual energy cost and maintenance cost of each system are considered to analyze LCC and economical efficiency is compared. The initial cost is considered on the basis of actual costs, and annual energy cost is converted into the cost after measuring electricity and gas consumption a day. LCC applied present value method is used to assess economical efficiency of both them. Variables used to LCC analysis are electricity cost escalation rate, natural gas cost escalation rate, interest rate, and service lives and when each of them are 4%, 2%, 8%, and 20 years, results of analysis short that EHP(148,257,306 won) is 8.05%(12,981,990 won) more profitable than GHP(161,239,295 won).

• Journal of Information Technology Applications and Management
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• v.27 no.1
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• pp.111-123
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• 2020

This paper aims to highlight the importance of employee participation in green management in hotel firms. In particular, the study examined the role of employee participation in green management on cost saving as a hotel's performance indicator. We collected data from senior and general managers in Korean and US hotels. The results of the study supported our hypotheses, showing that the employee participation had a significantly positive relationship with cost savings in hotels. The results of the study also supported other hypotheses, showing that resource conservation and green building management had positive relationships with cost savings in hotels. Therefore, it can be predicted that green management can save cost in hotel firms. Such managerial implications are discussed.

• Proceedings of the Korean Institute of Building Construction Conference
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• 2002.11a
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• pp.123-131
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• 2002

Recently our government operates earned value management system (EVMS) for improving work management system of the construction projects over specific scale. The EVMS is based on the integrated management between construction cost and schedule, the existing systems, however, are focused on the cost management by using wort quantity. This study suggests a work management mode1 to integrate construction cost with activity information. The model introduces a work task concept as a tool that can connect construction cost to activity information. The suggested model in this study is verified by using actual data for the applicability to practical construction projects.

• Journal of the Korea Institute of Building Construction
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• v.11 no.1
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• pp.91-99
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• 2011

Bayesian network is a form of probabilistic graphical model. It incorporates human reasoning to deal with sparse data availability and to determine the probabilities of uncertain cases. In this research, bayesian network is adopted to model the problem of construction project cost. General information, time, cost, and material, the four main factors dominating the characteristic of construction costs, are incorporated into the model. This research presents verify a model that were conducted to illustrate the functionality and application of a decision support system for predicting the costs. The Markov Chain Monte Carlo (MCMC) method is applied to estimate parameter distributions. Furthermore, it is shown that not all the parameters are normally distributed. In addition, cost estimates based on the Gibbs output is performed. It can enhance the decision the decision-making process.

• Proceedings of the Korean Institute of Building Construction Conference
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• 2012.11a
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• pp.149-151
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• 2012

Changes in the price of materials in construction projects is one of the important variables. Therefore, measures are necessary to respond to the demand and supply of materials and price instability. In previous studies, mainly of ready-mix concrete and steel beam analysis was carried out. However, a study of non-ferrous material prices are still insufficient. So, in this study, the researcher identified the causal relationship between the construction cost and non-ferrous materials prices. Construction Cost Index was selected as a proxy variable of construction cost.