• Title/Summary/Keyword: Cost Engineering

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Development of Life Cycle Cost Model & System of the Road Tunnel (지하도로시설물의 LCC예측 모델 및 시스템 개발)

  • 조효남;선종완;김충완;민대홍
    • Proceedings of the Computational Structural Engineering Institute Conference
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    • 2004.10a
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    • pp.157-162
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    • 2004
  • Recently, Life Cycle Cost (LCC) for civil infrastructures, such as pavements, bridges, and dams, has been emphasized. However there are few cost models for road tunnel especially for maintenance phase. The road network is composed of highways, bridges, and road tunnels. Thus it is as important as for road tunnels to keep safe for traffic. The maintenance strategies for road tunnels can be achieved based on the minimization of LCC in maintenance phase. For this purpose, in this paper, cost model and cost classification for road tunnel in maintenance phase are suggested.

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Optimum Safety Indices Based On Expected Total Cost Minimization (총기대비용 최소화원칙에 의한 최적신뢰성지수)

  • 이증빈;신형우;장석모
    • Proceedings of the Computational Structural Engineering Institute Conference
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    • 1993.10a
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    • pp.216-223
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    • 1993
  • The safety factors of current standard code are considered to be not appropriate compared to design and construction practices, even this safety factors are not determined from probabilistic study but merely from experiences and practices. This study pripose the optimum safety indices based on expected total cost minimization using only three parameters, which are the level of the failure cost to the initial cost by improvement in safety, and the order of the initial cost function.

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The Study on the Failure Rate Sampling Plan Considering Cost (비용을 고려한 신뢰성 샘플링검사 설계에 관한 연구)

  • 조재립
    • Journal of Korean Society of Industrial and Systems Engineering
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    • v.23 no.59
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    • pp.97-103
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    • 2000
  • This study considers the design of life test sampling inspection plans by attributes for failure rate level qualification at selected confidence level. The lifetime distribution of products is assumed to be exponential. MIL-STD-690C and KS C 6032 standards provide this procedures. But these procedures have some questions to apply in the field. The cost of test and confidence level($1-{\beta}$ risk) are the problem between supplier and user. So, we suggest that the optimal life test sampling inspection plans using expected cost model considering product cost, capability, environmental test cost, etc.

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Buyer's EOQ model for deteriorating products under conditions of permissible delay in payments and quantity discounts for freight cost

  • Shinn Seong-Whan;Song Chang-Yong
    • Proceedings of the Safety Management and Science Conference
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    • 2002.05a
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    • pp.237-241
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    • 2002
  • This paper deals with the problem of determining the buyer's economic lot sizing policy for exponentially deteriorating products under trade credit. It is also assumed that the ordering cost consists of a fixed set-up cost and a freight cost, where the freight cost has a quantity discount offered due to the economies of scale. We formulate the mathematical model and the solution algorithm is developed based on the properties of an optimal solution.

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Optimal Burn-In under Warranty

  • Kim, Kuinam-J;Park, Chi-Yeon
    • Journal of the Korea Safety Management & Science
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    • v.1 no.1
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    • pp.135-143
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    • 1999
  • This paper discusses an optimal burn-in procedure to minimize total costs based on the assumption that the failure rate pattern follows a bimodal mixed Weibull distribution. The procedure will consider warranty period as a factor of the total expected bum-in cost. A cost model is formulated to find the optimal burn-in time that minimizes the expected burn-in cost. Conditional reliability for warranty period will be discussed. An illustrative example is included to show how to use the cost model in practice.

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Design of Physical Distribution Cost Information Systems of Manufacturing Enterprises (제조기업의 물류원가정보시스템의 설계)

  • 김동석
    • Journal of Korean Society of Industrial and Systems Engineering
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    • v.18 no.33
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    • pp.161-171
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    • 1995
  • When physical distribution cost can be correctly measured, its management can also be efficient. Thus the primary objective of the study is to develop systems for measuring correctly physical distribution cost. The systems have two aspects : the One is the consumption of the resourses(materials, labor service, the other services), the other is the creation of physical distribution services(transportation, storage, cargo, packing, distribution conversion, management). By measuring the cost through the systems, the commoditization of the physical distribution services is possible and measurement of the cost and revenue can also be reasonable ,which makes its management efficient.

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Development of Active 5D CAD System for Replaning Progress Schedule According to Change of Project Cost (사업비 변동에 따른 공정계획 재수립을 위한 능동형 5D CAD 시스템 개발)

  • Kim, Hyeonseung;Kang, Leenseok
    • Korean Journal of Construction Engineering and Management
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    • v.17 no.5
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    • pp.54-61
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    • 2016
  • The initial planned annual cost is frequently adjusted under the construction process in construction projects. If the annual cost is reduced than the initial planned cost, the number of possible activities is also reduced from initial planned progress schedule. In such cases, project manager need to replan the progress schedule with possible activities within changed annual cost. However, most project manager will proceed as planned schedule without any change. After the project cost has been exhausted, there are many cases to stop the operation of the construction site. This study developed active 5D CAD system that can replan the progress schedule within changed annual cost and simulate the cost status according to the changed schedule for cost visualization. This system can be used as a decision-making tool in the replaning progress schedule and will be able to increase the practical usability of 5D CAD system.

A Conceptual Model of Web-based VE Cost Model Analysis System (웹 기반 VE Cost모델 분석 시스템의 개념적 모형)

  • Lee, Chang-Hong;Oh, Chi-Don;Park, Chan-Sik
    • Proceedings of the Korean Institute Of Construction Engineering and Management
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    • 2007.11a
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    • pp.416-419
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    • 2007
  • In the case of domestic, related information of expenses in order to draw up cost model at the early stage haven't been stored systematically; moreover, similar projects which were accomplished in the past time have lacked data about actual results connected itself. Accordingly, a reliable object hasn't been selected because validity of cost comparing a main function is difficult to dearly decide. Consequently, This study Cost model who can procures and shares and utilizes, studies that is achieved past Cost information of similarity project and achieves in phase zero for target choice of VE activity to systematic and efficient analysis wishes to present conceptional pattern of available Web-Based VE 'Cost model analysis system (Cost Model Analysis System: CMAS)'.

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A Study on Quantitative Estimation of Uninsured Cost (비보험비용의 정량적 산출방안에 관한 연구)

  • Lee, Tae-Yeong;Lee, Jong-Bin;Chang, Seong-Rok
    • Journal of the Korean Society of Safety
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    • v.24 no.5
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    • pp.69-76
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    • 2009
  • The estimation of costs from industrial accidents is very important because they have a serious effect on individuals, companies, and nation. The department of labor estimates the cost of accidents by using the "Heinrich" method. From that method, the scale of accident cost can be approximately computed, but accurate calculation of uninsured cost is not easy. Therefore, a better method of calculating uninsured cost caused by industrial accident is necessary. This study aimed to construct an estimation method of uninsured cost according to domestic circumstances. The results of this study are as follows: (1) This study derived applicable factors for quantitative estimation of industrial accident cost (2) This study made the equation that the calculation of each item of uninsured cost was possible (3) This study applied the uninsured cost by degrees of disaster to individual items (4) The subjects and types of occurrence in uninsured cost were analyzed and presented. Theses results will provide a basis for further researchers of uninsured cost.

A Study of the Application for Proper Construction Cost Estimating Method based on the Actual Cost Data (실적자료에 의한 적정 건축공사비 산정 방법에 관한 사례연구)

  • Cho Jae-Ho;Park Sang-Jun;Chun Jae-Youl
    • Proceedings of the Korean Institute Of Construction Engineering and Management
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    • autumn
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    • pp.383-386
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    • 2001
  • The ability to make good cost overruns predictions is a very important aspect of in major construction project. The probabilistic cost models can provide more reliable than traditional cost models which have been used in korea to prepare Bill of Quantities, if the actual cost data are sufficient enough to analyze the trends of the variables. The paper considers non-deterministic methods in a cost estimate. The method(referred to as the 'Monte Carlo simulation' method) interprets cost data indirectly, to generate a probability distribution for total costs from the deficient elemental experience cost distribution. The objectives of this research is to develop a method to forecast the probabilistic total construction cost and the elemental work cost

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