• International conference on construction engineering and project management
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• 2009.05a
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• pp.1548-1552
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• 2009

In the construction industry, IT has been an alternative for the enhancement of productivity and technical advances through a paradigm shift. While it has been recognized that the IT system will have a substantial influence on the industry, a quantitative valuation has been very limited. This paper has chosen EVMS (Earned Value Management System), which supports the integrated management of cost and schedule by utilizing IT tools, and which is the largest trend in the construction IT industry in Korea, in order to suggest an analysis model for the valuation of IT. The CVM (Contingent Valuation Method) is used to quantitatively measure intangible value of IT application. Then, a valuation and analysis model were suggested for the quantitative valuation of the effect of IT adoption. In terms of willingness to pay for EVMS, the expected benefits from the adoption of EVMS were US$ 584.52 per man annually. This research should be helpful for construction companies evaluating their investment to Project Management Information System.

• Proceedings of the Korean Institute of Building Construction Conference
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• 2006.11a
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• pp.21-24
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• 2006

This study investigates field application of flowing concrete in order to improve workability, duality and economic evaluation of concrete. Test results showed that slump of fresh concrete satisfied the target value before and after flowing concrete, and setting time indicated 3 hours difference depending on the mixture proportion of ready-mixed-concrete company. As for the hardened concrete, compressive strength of standard curing specimens, both control and flowing concrete, presented designed value at 28 days elapse. However, the specimens curing at atmosphere decreased the value, due to the lower curing temperature, but also performed the designed value at 91 days. For the evaluation of construction fee by value engineering(V.E) concept, a flowing method declined 4.89% of concrete construction fee, which is 4.9% reduction for materials and 25% reduction for labor expenses, compared with previous construction methods.

• Advances in concrete construction
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• v.14 no.3
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• pp.215-225
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• 2022

Thermal comfort and energy conservation are critical issues in the building sector. Energy consumption in the building sector should be reduced whilst enhancing the thermal comfort of occupants. Concrete is the most widely used construction material in buildings. Its thermal conductivity (k-value) has a direct effect on thermal comfort perception. This study aims to find the optimum value of replacing the normal aggregate with lightweight expanded clay aggregate (LECA) under high strengths and low thermal conductivity, density and water absorption. The k-value of the LECA concrete and its physical and mechanical properties have varying correlations. Results indicate that the oven-dry density, compressive strength, splitting tensile strength and k-value of concrete decrease when normal coarse aggregates are replaced with LECA. However, water absorption (initial and final) increases. Thermal conductivity and the physical and mechanical properties have a strong correlation. The statistical optimisation of the experimental data shows that the 39% replacement of normal coarse aggregate by LECA is the optimum value for maximising the compressive and splitting tensile strengths whilst maintaining the k-value, density and water absorption at a minimum.

• Construction Engineering and Management
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• v.1 no.3 s.3
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• pp.13-16
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• 2000

• Proceedings of the Korean Institute Of Construction Engineering and Management
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• 2004.11a
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• pp.89-94
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• 2004

Many innovative management processes, which are also termed as best practices or value improving practice, have been proven to successfully improve the value of capital facility projects. With a lack of any guidance on how to implement the most suitable value management process for a particular project, the objective of this paper is to facilitate the VMP implementation. A CII (Construction Industry Institute)'s recent study, titled as 'Development of the Value Management Toolkit,' encompasses a comprehensive structure of value management and provides a new methodology in optimizing the implementation of the value management processes in order to leverage the unique project circumstances, such as project objectives, resource availability, and site limitations, etc. As a pioneering study, the findings contribute to the expedition of implementing value management processes in the industry and maximize the potential benefits in applying the most benefiical value management process for a particular capital facility project.

• International conference on construction engineering and project management
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• 2005.10a
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• pp.621-626
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• 2005

Recent increases in construction costs on Korean public works projects, largely due to change orders caused by poorly elaborated design, become a motivation of applying VE process in Korean construction industry. The Seoul Toll Plaza project, recently value analyzed by four VE teams, demonstrates how value management helps save time, money and increase functional performance. The objective of this project is to upgrade and expand existing pay and ticket booths system on "Kyungboo Express Highway", the main artery for the Korean peninsula linking Seoul to Pusan. The value management study generated several innovate alternatives capable of saving up to 50% of project cost from the baseline project plan.

• International conference on construction engineering and project management
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• 2011.02a
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• pp.280-285
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• 2011

This study aims to propose an assessment model on environmental economics which will provide useful information in making a decision for the implementation of pro-environmental and economical construction projects. To meet the objective, this study suggests a procedure to estimate environmental cost of construction projects. The model combines environmental load assessment and environmental value assessment. The environmental cost of pollutant generated from the construction project was estimated utilizing the Contingent Valuation Method (CVM) which is a value assessment method borrowed from economic science. The devised model is expected to provide a useful methodology that will scientifically support the planning and management of sustainable construction not only in the environmental aspect but also in the economical aspect.

• IE interfaces
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• v.17 no.2
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• pp.142-148
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• 2004

The objective of bridge construction cost allocation is to distribute in a fair and rational manner the bridge construction costs among those vehicles using the bridge. In most bridge construction cost allocation studies, bridge construction costs are mainly distributed according to traffic load(gross vehicle weight), without any consideration of bridge capacity requirements(the number of lanes). In this paper, a bridge cost allocation method for considering both traffic capacity and traffic loads is developed. The proposed method is based on cooperative game theory, particularly two concepts known as the Aumann-Shapley (A-S) value and Shapley value. This method can help to analyze the impact of traffic capacity costs. By applying the proposed method to an example, traffic capacity cost is found to be high so that traffic capacity should be considered to allocate the bridge construction costs to vehicle classes in a more equitable manner.

• Proceedings of the Korean Institute Of Construction Engineering and Management
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• 2007.11a
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• pp.1005-1010
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• 2007

According to revision of Construction Technology Management Act (2005), the government ordering construction which cost is more than 10billion won should investigate the value engineering(VE) of a construction. In this sense, the government actively promote plans in 2008 after identifying the examining standards of the investigation on the VE(2007). It is substantial issue to introduce Pre-Qualification(PQ) in oder to restrain unlicensed VE consulting companies or VE consultants. This system will contribute to the quality and the settlement of the value engineering in our country. The reason why the Korea VE Society founded in 2006 is one of the afore-mentioned reasons. Therefore, we try to establish the value engineering of Build-Transfer-Lease Scheme by providing the practical application of construction value engineering and definite procedures through the example of Andong Culture and Art Center's research in one of the various construction fields.

• Proceedings of the Korean Institute of Building Construction Conference
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• 2012.11a
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• pp.113-114
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• 2012

With increasing awareness on sustainable construction and green buildings, environment-friendly construction activities have been introduced and promoted. Green value engineering (VE) is an effort that is recently introduced to facilitate environment-friendly construction. To support the application of green VE in construction, this paper suggests a green value assessment model considering the environmental performance and carbon emissions during construction. The value assessment model presented in this study is expected to help conduct objective value evaluation of construction activities in terms of both cost and environmental performance.