• Title/Summary/Keyword: Cost Engineering

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Optimum design of steel floor system: effect of floor division number, deck thickness and castellated beams

  • Kaveh, A.;Ghafari, M.H.
    • Structural Engineering and Mechanics
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    • v.59 no.5
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    • pp.933-950
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    • 2016
  • Decks, interior beams, edge beams and girders are the parts of a steel floor system. If the deck is optimized without considering beam optimization, finding best result is simple. However, a deck with higher cost may increase the composite action of the beams and decrease the beam cost reducing the total cost. Also different number of floor divisions can improve the total floor cost. Increasing beam capacity by using castellated beams is other efficient method to save the costs. In this study, floor optimization is performed and these three issues are discussed. Floor division number and deck sections are some of the variables. Also for each beam, profile section of the beam, beam cutting depth, cutting angle, spacing between holes and number of filled holes at the ends of castellated beams are other variables. Constraints include the application of stress, stability, deflection and vibration limitations according to the load and resistance factor (LRFD) design. Objective function is the total cost of the floor consisting of the steel profile cost, cutting and welding cost, concrete cost, steel deck cost, shear stud cost and construction costs. Optimization is performed by enhanced colliding body optimization (ECBO), Results show that using castellated beams, selecting a deck with higher price and considering different number of floor divisions can decrease the total cost of the floor.

Cost Analysis of Electrokinetic Process for Desalination of Saline Agricultural Land (염류집적 농경지 탈염을 위한 전기역학적 처리공정의 비용산출)

  • Kim, Do-Hyung;Choi, Jeong-Hee;Jo, Sung-Ung;Baek, Ki-Tae
    • Journal of Soil and Groundwater Environment
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    • v.17 no.4
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    • pp.91-97
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    • 2012
  • In this study, cost analysis of electrokinetic (EK) restoration process for desalination of saline agricultural land was performed for field application based on a pilot scale field application. For reasonable cost analysis, EK process was classified into three major parts: system design, installation and operation. Cost of system installation consists of materials and installation for electrode/electric wire, power supply and data monitoring, drainage system, etc. Operation cost was calculated based on electrical consumption and water charges for EK process. Total cost for EK process was 2,943,013 won for $1000m^2$ in greenhouse area. Cost for system installation was 2,553,786 won, that is, 87% of total cost, while cost for system operation was 389,229 won, that is, 13% of total cost.

Stochastic Time-Cost Tradeoff Using Genetic Algorithm

  • Lee, Hyung-Guk;Lee, Dong-Eun
    • International conference on construction engineering and project management
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    • 2015.10a
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    • pp.114-116
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    • 2015
  • This paper presents a Stochastic Time-Cost Tradeoff analysis system (STCT) that identifies optimal construction methods for activities, hence reducing the project completion time and cost simultaneously. It makes use of schedule information obtained from critical path method (CPM), applies alternative construction methods data obtained from estimators to respective activities, computes an optimal set of genetic algorithm (GA) parameters, executes simulation based GA experiments, and identifies near optimal solution(s). A test case verifies the usability of STCT.

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Exact Activity Overlapping Method for Time-cost Tradeoff

  • Gwak, Han-Seong;Lee, Dong-Eun
    • International conference on construction engineering and project management
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    • 2015.10a
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    • pp.109-110
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    • 2015
  • This paper presents a computational method that identifies an exact set of optimal overlap rates between critical activities to meet job site specific needs by using rework cost-slope. The procedures to compute the exact solution are provided in peudocode algorithm. The method is coded into Exact Concurrent Construction Scheduling system that allows practitioners to make more informed decision in accordance with the site-specific condition involved in the overlapping of critical activities. Test cases verify the validity of the computational method and the usability of the system.

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A Study on the Cost Estimate System Development Method for Nuclear Power Plant Construction Projects

  • Lee, Sang Hyun
    • International conference on construction engineering and project management
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    • 2017.10a
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    • pp.133-137
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    • 2017
  • Nuclear power plants in Korea are usually built based on a duplicated model; so the project cost data of the preceding unit can be used as reference when estimating the project cost for the succeeding unit. However, since the contracting method is oriented towards the price, empirical factors such as making top-down estimations using the reverse calculation method based on the completion cost of the preceding unit is dominant. In order to develop a project cost database to resolve such problems, the detailed cost boundary of the project cost data must be categorized by project and by system. This study proposes a method to connect the code of account with the base quantities and the IAEA account, and proposes a database structure for the development of a project cost estimation system. The estimation system developed in the future is expected to utilize the proposed project cost data structure.

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A Study on the Economical Design of Sampling Inspection Method by Attribute (계수선별형 샘플링검사의 경제성에 관한 연구)

  • 김진수;권혁윤
    • Journal of Korean Society of Industrial and Systems Engineering
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    • v.20 no.41
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    • pp.147-156
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    • 1997
  • This Study deals with the problem of determining a minimum cost sampling inspection plan for destructive testing by attribute. The linear cost model(LCM) is constructed under the assumption that unit cost, destructive testing cost, producer's risk cost, consumer's risk cost are given. For the solution from the LCM, we assumed the uniform distribution as a prior distribution.

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A Case of Hospital Cost Analysis System by Activity-Based Costing (활동기준원가계산을 이용한 병원원가분석시스템 구축 사례)

  • 이창길;김원중
    • Journal of Korean Society of Industrial and Systems Engineering
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    • v.22 no.52
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    • pp.355-363
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    • 1999
  • As the indirect cost is increasing, ABC(Activity-Based Costing) Method that can distribute the indirect cost to each products is more effectively used. Especially for a Hospital to provide better medical service with patients, It's necessary that build ABC System to provide a regular cost information. This study proposed methodology enabling accurate cost analysis from importing concepts of ABC in a Hospital and presented a Cost Information Table for Work-Time Table and Output Services to calculate ABC.

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An Algorithm to Optimize Deployment Cost for Microservice Architecture (마이크로서비스 아키텍처의 배포 비용을 최적화하는 알고리즘)

  • Li, Ziang;Lee, Scott Uk-Jin
    • Proceedings of the Korean Society of Computer Information Conference
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    • 2020.07a
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    • pp.387-388
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    • 2020
  • As the utilization of microservice architectural style in diverse applications are increasing, the microservice deployment cost became a concern for many companies. We propose an approach to reduce the deployment cost by generating an algorithm which minimizes the cost of basic operation of a physical machine and the cost of resources assigned to a physical machine. This algorithm will produce optimal resource allocation and deployment location based on genetic algorithm process.

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A Study on the Analysis of Cost Adjustment Scenarios by Bidding Method through Analysis of the Total Project Cost Management Process (총사업비 관리 프로세스 분석을 통한 입·낙찰 방식별 공사비 조정 시나리오 분석 연구)

  • Kim, Kyeongbaek;Lee, Gayeoun;Kim, Sangbum
    • Korean Journal of Construction Engineering and Management
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    • v.21 no.2
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    • pp.30-38
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    • 2020
  • Inadequate cost management has widely been recognized as one of the most problematic areas in the Korean construction industry as many believes that public cost references are not reasonably reflecting the market conditions. 'Total Project Cost Management Guideline' developed by Ministry of Economy and Finance(MOEF) to govern public budget control has been identified as one of the main reasons for this problem. This study attempts to thoroughly review 'Total Project Cost Management Guideline' itself and quantitatively analyze the impact of it on project cost during procurement process. Different procurement methods are considered including turnkey & alternative, private contract, qualification examination, and lowest price bidding system in this quantitative impact analysis of 'Total Project Cost Management Guideline'. Analysis results shows that this governmental process works mainly as a constant cost-cutting tool throughout the procurement process.

Factors Clustering Approach to Parametric Cost Estimates And OLAP Driver

  • JaeHo, Cho;BoSik, Son;JaeYoul, Chun
    • International conference on construction engineering and project management
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    • 2009.05a
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    • pp.707-716
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    • 2009
  • The role of cost modeller is to facilitate the design process by systematic application of cost factors so as to maintain a sensible and economic relationship between cost, quantity, utility and appearance which thus helps in achieving the client's requirements within an agreed budget. There are a number of research on cost estimates in the early design stage based on the improvement of accuracy or impact factors. It is common knowledge that cost estimates are undertaken progressively throughout the design stage and make use of the information that is available at each phase, through the related research up to now. In addition, Cost estimates in the early design stage shall analyze the information under the various kinds of precondition before reaching the more developed design because a design can be modified and changed in all process depending on clients' requirements. Parametric cost estimating models have been adopted to support decision making in a changeable environment, in the early design stage. These models are using a similar instance or a pattern of historical case to be constituted in project information, geographic design features, relevant data to quantity or cost, etc. OLAP technique analyzes a subject data by multi-dimensional points of view; it supports query, analysis, comparison of required information by diverse queries. OLAP's data structure matches well with multiview-analysis framework. Accordingly, this study implements multi-dimensional information system for case based quantity data related to design information that is utilizing OLAP's technology, and then analyzes impact factors of quantity by the design criteria or parameter of the same meaning. On the basis of given factors examined above, this study will generate the rules on quantity measure and produce resemblance class using clustering of data mining. These sorts of knowledge-base consist of a set of classified data as group patterns, of which will be appropriate stand on the parametric cost estimating method.

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