• 제목/요약/키워드: COST model

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A STUDY ON THE DEVELOPMENT OF A COST MODEL BASED ON THE OWNER'S DECISION MAKING AT THE EARLY STAGES OF A CONSTRUCTION PROJECT

  • Choong-Wan Koo;Sang H. Park;Joon-oh Seo;TaeHoon Hong;ChangTaek Hyun
    • 국제학술발표논문집
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    • The 3th International Conference on Construction Engineering and Project Management
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    • pp.676-684
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    • 2009
  • Decision making at the early stages of a construction project has a significant impact on the project, and various scenarios created based on the owner's requirements should be considered for the decision making. At the early stages of a construction project, the information regarding the project is usually limited and uncertain. As such, it is difficult to plan and manage the project (especially cost planning). Thus, in this study, a cost model that could be varied according to the owner's requirements was developed. The cost model that was developed in this study is based on the case-based reasoning (CBR) methodology. The model suggests cost estimation with the most similar historical case as a basis for the estimation. In this study, the optimization process was also conducted, using genetic algorithms that reflect the changes in the number of project characteristics and in the database in the model according to the owner's decision making. Two optimization parameters were established: (1) the minimum criteria for scoring attribute similarity (MCAS); and (2) the range of attribute weights (RAW). The cost model proposed in this study can help building owners and managers estimate the project budget at the business planning stage.

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국가적 관점에서 용도별 ESS 적정용량 산정을 위한 운전수리모델 수립에 대한 연구 (A Study on Establishing Operation Mathematical Model for Optimum Capacity Estimation of the ESS Applications for each in the Nationwide Perspective)

  • 김정훈;윤석민
    • 전기학회논문지
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    • 제65권6호
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    • pp.969-978
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    • 2016
  • Around the world are increasing the demand for ESS. Currently, the domestic is expected to benefit by operating ESS. In the domestic, it is expected to benefit from operations of the installed ESS because of the introduction of ESS less capacity. However ESS capacity to the maximum profit occurs is unknown. ESS is different from the charge-discharge characteristics and the reserve to replace, depending on the application. Therefore, it should be established in accordance with the ESS optimal capacity according to the purpose used because it can maximize the quality and efficiency of the electric energy. To the ESS optimal capacity estimation by the purpose used, It should compare the investment cost caused by ESS facility installation and operation cost caused by operating ESS. In this paper, the operation mathematical model for estimating marginal operation costs established. In operation mathematical model, operating cost is considered fuel cost and no-load cost start-up cost. Because no-load cost and start-up cost are not related to cost and power plant output, there are expressed an integer variable costs as a step function.

응용시스템 운영비용 산정을 위한 업종중심 모델 개발 (Developing an Industry-Specific Application Systems Operation Cost Estimation Model)

  • 최원영;김현수
    • 경영정보학연구
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    • 제4권2호
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    • pp.293-307
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    • 2002
  • 정보시스템 아웃소싱이 활성화되면서 아웃소싱 가치와 가격에 대한 관심이 고조되고 있다. 정보시스템 아웃 소싱은 개발 아웃소싱과 운영 아웃소싱으로 나눌 수 있다. 운영 아웃소싱 비용에 대한 연구는 최근에 시작되어 지속적인 추가 연구가 필요하다. 운영 아웃소싱 유형 중 대표적인 유형이 응용시스템 운영 아웃소싱(applicationsystems outsourcing)인데, 서비스 수준에 대한 복잡한 판단이 필요하기 때문에 정교한 비용산정 모형이 요구된다. 기존 연구에서는 여러 업종의 데이터를 수집하여 비용산정 모형을 구축하였기 때문에 업종의 고유한 특성을 반영하지 못하였으며, 따라서 산정 비용의 정확성이 높지 않다고 할 수 있다. 본 연구에서는 정보시스템의 중요성이 매우 높은 산업분야 중의 하나인 증권업종과 의료업종의 응용시스템 아웃소싱 비용 산정 모형을 도출한다. 업종의 특성을 반영하여 서비스 수준을 결정하는 요소를 정의하고, 증권업종의 비용 모델을 먼저 도출하였다. 의료업종과 증권업종이 서로 차별화되는지를 분석하였으며, 의료업종의 별도 비용 모델을 구축하여 업종간의 비용모델 차이가 존재함을 보였다.

공공부문 정보화사업의 소프트웨어 개발비용 예측에 관한 연구 (A Study on the Estimation of Software Development Cost of IT Projects in Public Sector)

  • 박찬규;구자환;김성희;신수정;송병선
    • 경영과학
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    • 제19권2호
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    • pp.191-204
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    • 2002
  • As the portion of information systems (IS) budget to the total government budget becomes greater, the cost estimation of IS development and maintenance projects is recognized as one of the most important problems to be resolved for scientific and efficient management of IS budget. Since IS budget makes much effect on the delivery time, quality and productivity of IS projects, the exact cost estimation is also necessary for the successful accomplishment of IS projects. The primary concern in the cost estimation of IS projects is software cost estimation, which requires the measurement of the size of softwares. There are two methods for sizing software : line-of-code approach, function point model. In this paper, we propose a function-point-based model for estimating software cost. The proposed model is derived by collecting about fifty domestic IT projects in public sector and analyzing their relationship between cost drivers and development effort. Since the proposed model is developed by simplifying the function point model that can be used only when detailed user requirements are specified, it can be also applied at project planning and budgeting phase.

공공 전자기록의 생애주기 기반 관리 비용 모형에 관한 연구 (A Study on Lifecycle Cost Model for Electronic Records & Archival Management)

  • 현문수
    • 정보관리학회지
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    • 제30권1호
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    • pp.151-178
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    • 2013
  • 본 연구의 목적은 기록관리기관이 공공 전자기록의 생애주기 전체에 걸친 관리 책무를 다하는데 소요될 비용을 예측해 산정하기 위한 모형을 개발하는 데에 있다. 이를 위해 공공 전자기록관리에 필요한 활동을 분석하고 이를 기반으로 비용 요소를 설계하였다. 연구 초기부터 전문가 면담을 진행하면서 연구의 과정과 결과를 검토하였으며, 특히 실무 전문가 면담을 통해 비용 모형의 적절성과 적용가능성을 검토하고자 하였다. 이러한 과정을 거치면서 설계한 비용 요소와 비용에 영향을 미칠 것으로 예상되는 요인 등을 종합하여 기록관리기관의 정책 결정에 활용할 수 있는 공공 전자기록 관리 비용 모형, CoMMPER 모형(안)을 제안하였다.

Prediction Model of Final Project Cost using Multivariate Probabilistic Analysis (MPA) and Bayes' Theorem

  • Yoo, Wi Sung;Hadipriono, FAbian C.
    • 한국건설관리학회논문집
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    • 제8권5호
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    • pp.191-200
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    • 2007
  • This paper introduces a tool for predicting potential cost overrun during project execution and for quantifying the uncertainty on the expected project cost, which is occasionally changed by the unknown effects resulted from project's complications and unforeseen environments. The model proposed in this stuff is useful in diagnosing cost performance as a project progresses and in monitoring the changes of the uncertainty as indicators for a warning signal. This model is intended for the use by project managers who forecast the change of the uncertainty and its magnitude. The paper presents a mathematical approach for modifying the costs of incomplete work packages and project cost, and quantifying reduced uncertainties at a consistent confidence level as actual cost information of an ongoing project is obtained. Furthermore, this approach addresses the effects of actual informed data of completed work packages on the re-estimates of incomplete work packages and describes the impacts on the variation of the uncertainty for the expected project cost incorporating Multivariate Probabilistic Analysis (MPA) and Bayes' Theorem. For the illustration purpose, the Introduced model has employed an example construction project. The results are analyzed to demonstrate the use of the model and illustrate its capabilities.

건축공사감리 문서 기반 연관규칙 및 비용효율성 분석 모델 (A Study on Association Rule and Cost Efficiency Analysis Model Using Construction Supervision Reports)

  • 송태근;유위성
    • 한국건축시공학회:학술대회논문집
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    • 한국건축시공학회 2023년도 봄 학술논문 발표대회
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    • pp.389-390
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    • 2023
  • To improve the cost performance of construction sites, various systems and standards are constantly being developed and implemented. Although legal requirements for these system and standard improvements have been increasing, the cost efficiency performance of construction sites remains stagnant. We have digitized documents generated through construction supervision work at 39 building construction sites and proposed a model that can support decision-making in cost efficiency evaluation. This model selects key keywords that are considered to be highly related to cost efficiency by identifying the patterns and relationships of keywords through associated rule analysis and social network analysis using keywords derived from documents. In addition, it is expected to be used as a decision-making aid to determine the cost efficiency of a specific building construction site by establishing a logistic regression model using core keywords. As a systematic database of construction supervision documents and an integrated system of massive data generated by digital technology are established in the future, the accuracy and reliability of the cost efficiency evaluation model are expected to be reinforced.

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NUCLEAR FUEL CYCLE COST ESTIMATION AND SENSITIVITY ANALYSIS OF UNIT COSTS ON THE BASIS OF AN EQUILIBRIUM MODEL

  • KIM, S.K.;KO, W.I.;YOUN, S.R.;GAO, R.X.
    • Nuclear Engineering and Technology
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    • 제47권3호
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    • pp.306-314
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    • 2015
  • This paper examines the difference in the value of the nuclear fuel cycle cost calculated by the deterministic and probabilistic methods on the basis of an equilibrium model. Calculating using the deterministic method, the direct disposal cost and Pyro-SFR (sodium-cooled fast reactor) nuclear fuel cycle cost, including the reactor cost, were found to be 66.41 mills/kWh and 77.82 mills/kWh, respectively (1 mill = one thousand of a dollar, i.e., $10^{-3}$ $). This is because the cost of SFR is considerably expensive. Calculating again using the probabilistic method, however, the direct disposal cost and Pyro-SFR nuclear fuel cycle cost, excluding the reactor cost, were found be 7.47 mills/kWh and 6.40 mills/kWh, respectively, on the basis of the most likely value. This is because the nuclear fuel cycle cost is significantly affected by the standard deviation and the mean of the unit cost that includes uncertainty. Thus, it is judged that not only the deterministic method, but also the probabilistic method, would also be necessary to evaluate the nuclear fuel cycle cost. By analyzing the sensitivity of the unit cost in each phase of the nuclear fuel cycle, it was found that the uranium unit price is the most influential factor in determining nuclear fuel cycle costs.

Cost Stickiness and Investment Efficiency

  • OH, Hyun-Min
    • 산경연구논집
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    • 제13권1호
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    • pp.11-21
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    • 2022
  • Purpose: This study predicted cost asymmetry as a determinant of investment efficiency, and empirically analyzed the relationship between cost stickiness and investment efficiency. Research design, data and methodology: Using a sample of 4,382 Korean firm-year observations over 2011-2017 period, I examined the relationship between cost stickiness and investment efficiency. Asymmetrical cost behavior is measured as model of Homburg and Nasev (2008) and model of Park, Koo, and Pae (2012). Investment efficiency is measured as Chen, Hope, Li, and Wang (2011)'s model. Results: Firms with cost stickiness are less efficient in their investment than firms with non-cost stickiness. In other words, cost stickiness is an empirical result that supports the previous research on cost decision-making from perspective of managers pursuing private benefits due to information asymmetry. Conclusions: By showing that the manager's decision-making on the cost behavior affects the investment efficiency corresponding to capital management, the implications for the mechanism for efficient capital management are provided. Through the empirical results, it was shown that the cost stickiness is a product of opportunistic cost decision-making due to information asymmetry, and it is to present evidence that expands the meaning of the causes of asymmetric cost behavior.

서포트 벡터 머신을 이용한 건설업 안전보건관리비 예측 모델 (Construction Safety and Health Management Cost Prediction Model using Support Vector Machine)

  • 신성우
    • 한국안전학회지
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    • 제32권1호
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    • pp.115-120
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    • 2017
  • The aim of this study is to develop construction safety and health management cost prediction model using support vector machine (SVM). To this end, theoretical concept of SVM is investigated to formulate the cost prediction model. Input and output variables have been selected by analyzing the balancing accounts for the completed construction project. In order to train and validate the proposed prediction model, 150 data sets have been gathered from field. Effects of SVM parameters on prediction accuracy are analyzed and from which the optimal parameter values have been determined. The prediction performance tests are conducted to confirm the applicability of the proposed model. Based on the results, it is concluded that the proposed SVM model can effectively be used to predict the construction safety and health management cost.