• Journal of Korean Society of Industrial and Systems Engineering
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• v.31 no.2
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• pp.43-50
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• 2008

In this paper we suggest the methods that compute the total inventory cost based on EOQ and the total inventory cost based on OMMIP. The total inventory cost consists of purchasing cost, ordering cost, inventory holding cost, stockout cost and so on. This papers also proposes the method that decides optimum order quantity as the order amount to minimize the total inventory cost with comparison of EOQ total inventory cost and OMMIP total inventory cost according to inventory holding cost as a fraction of unit cost.

• International conference on construction engineering and project management
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• 2009.05a
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• pp.1170-1175
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• 2009

When managers estimate exact construction cost at early stage and design phase, they can reduce construction cost in a more efficient way than to predict at construction stage. But, the current of public construction cost estimation and management is concentrated almost after detailed design phase. Therefore, construction cost management in design development phase to generally use approximate estimating is not correct. Also, the existing construction cost used the method that estimated by gross floor area-based cost estimates at design development phase. So, it is difficult to show the specific amount of materials and basis about the estimated cost of the construction. This study derived problems and limits of construction management at design development phase in case of public office building project through review of literature and current survey, and suggested estimating process model process of structural construction cost go improve these matters.

• Journal of the Korean Society of Systems Engineering
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• v.8 no.2
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• pp.57-67
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• 2012

It is the sensitivity and confidentiality of nuclear power plant decommissioning cost that prevent detailed cost information to be released to the public, which causes some limitation to analyze and reuse the costs. This limitation to access cost information means that the lessons learned from preceding cost estimating may not systematically feed back into following cost estimates. As an alternative, decommissioning cost estimation framework is indispensable to reflecting available experience and knowledge for decommission costs. This study provides the cost estimation framework including data flow and structuralization based on engineering and bottom up approach to enhance decommissioning cost estimation.

• Journal of the Korean Society of Safety
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• v.19 no.4 s.68
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• pp.55-59
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• 2004

In this study, the required life cycle cost is evaluated in consideration of the equipment's availability during its lift cycle. In order to meet the maximum availability required by the process, the failure cost and life cycle cost is assessed The optimal equipment selection method is presented according to the analysis of the failure cost and life cycle cost. For the systems in which equipments are connected serially, the optimal equipments are selected by minimizing the life cycle cost and satisfying the required system availability goal. In addition, the selection methods and lift cycle cost are analyzed according to the cost variation of the equipment. By using the life cycle evaluation procedure, the failure cost and maintenance cost needed during the life cycle of the equipment can be presented.

• Nuclear Engineering and Technology
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• v.47 no.7
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• pp.849-858
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• 2015

This study set the pyroprocess facility at an engineering scale as a cost object, and presented the cost consumed during the unit processes of the pyroprocess. For the cost calculation, the activity based costing (ABC) method was used instead of the engineering cost estimation method, which calculates the cost based on the conceptual design of the pyroprocess facility. The calculation results demonstrate that the pyroprocess facility's unit process cost is $194/kgHM for pretreatment, $298/kgHM for electrochemical reduction, $226/kgHM for electrorefining, and $299/kgHM for electrowinning. An analysis demonstrated that the share of each unit process cost among the total pyroprocess cost is as follows: 19% for pretreatment, 29% for electrochemical reduction, 22% for electrorefining, and 30% for electrowinning. The total unit cost of the pyroprocess was calculated at $1,017/kgHM. In the end, electrochemical reduction and the electrowinning process took up most of the cost, and the individual costs for these two processes was found to be similar. This is because significant raw material cost is required for the electrochemical reduction process, which uses platinum as an anode electrode. In addition, significant raw material costs are required, such as for $Li_3PO_4$, which is used a lot during the salt purification process.

• International conference on construction engineering and project management
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• 2009.05a
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• pp.1201-1208
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• 2009

A making a decision of construction cost has important meaning and function for both contractor and owner in construction projects. Especially, it should be premised that estimating the construction cost in efficient and rational way in public construction, which is invested by government funds, for efficient execution of the budget and investment as a side of government. The systematic methodology for estimating construction cost approximately of a river facility construction project has not yet been established because of its unique characteristics including its relatively small project size in terms of cost. On this study, It collect and analyze a river facility construction historical cost data for develop an approximate cost estimating model for river applied by typical embankment section method and rate application of the others activity type. And it verify suitability of model through a that result of application of real river facility construction statement at developed model. By this study, it is expected to reasonable and systematic estimating construction cost through application of developed model.

• International conference on construction engineering and project management
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• 2005.10a
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• pp.1112-1117
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• 2005

Construction cost index is generally used to estimate the new project cost based on past construction data and to adjust contract cost when the price change of various articles and items of expenditure composing the contract occurs. In Korea, it is mostly used for adjustment of construction contract cost due to fluctuation of prices. However index adjustment rate which is used for adjustment of construction contract cost had some problems in calculating cost index of each expenditure item that could not reflect properly the change of construction cost. For supplementing these problems, the research of developing construction cost index has been executed. Through the precedent research, these problems were partially resolved but still remain. Therefore this research proposes method of making cost index that utilizes representative items of labor, material, and equipment by analyzing bill of quantity of road construction, through analysis and comparison of precedent study. By using this method, it is expected to solve problems which were not reflected in precedent studies.

• Journal of Construction Engineering and Project Management
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• v.5 no.3
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• pp.1-9
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• 2015

Project cost is an important concern in any construction project. Although there has been a lot of studies on factors affecting the cost of construction projects, there seems no consensus as what cost factors have direct influence on the cost of civil engineering projects. This study therefore aims to bridge the current knowledge gap by examining quantity surveyors' perception of the factor structure among nineteen costing attributes identified based on literature review. Questionnaire was used to elicit responses from quantity surveyors working in the Hong Kong construction industry. Principal component analysis is conducted to extract the factor structure of the cost attributes and the attributes are grouped into three factor components, namely the contract management factor, the project management factor and the monetary value factor. Understanding these cost impact factors could be crucial in managing civil engineering projects, since it allows the project stakeholders and quantity surveyors to take precautionary steps to identify the cost management problems and areas for improvement and could even help to avoid cost deviations in engineering projects.

• Journal of the Korean Society of Systems Engineering
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• v.8 no.1
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• pp.1-7
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• 2012

This research aims to propose a model to estimate the appropriate SE Cost rate to the total project cost when systems engineering applied to light rail transit project. In this research an investment cost estimation model is proposed with reference to COSYSMO (Constructive System Engineering Cost Model). This model includes four input factors such as requirement numbers, interface numbers, algorithm numbers, and scenario numbers. When 2600 requirement numbers are considered on a proposal document with 350 pages in a light rail transit specification of 500 billion~trillion won scale, COSYSMO demo version estimates 42.5 billion won of SE cost (about 5% of total project cost or about 10% of E&M cost).

• Journal of Korean Society of Industrial and Systems Engineering
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• v.35 no.3
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• pp.148-154
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• 2012

The purpose of this study is to develop measurement items for quality cost in service industries. Quality cost is necessary in order to evaluate quality management activities. It is clear that the quality cost in service industry is different from manufacturing industry. Generally, in service industries, quality cost is very difficult to assess because it has a unique characteristics. This paper proposes an effective method for measuring quality cost in service industries. Based on the PAF (Prevention, Appraisal, Failure) cost model, we utilizes the concept of five demensions in SERVQUAL which are tangibles, reliability, responsiveness, assurance, empathy. This paper also presents to a standard model for quality cost measurement in service industries.