• Title/Summary/Keyword: Cost Estimation

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ASSESSMENT OF THE COST OF UNDERGROUND FACILITIES OF A HIGH-LEVEL WASTE REPOSITORY IN KOREA

  • Kim, Sung-Ki;Choi, Jong-Won
    • Nuclear Engineering and Technology
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    • v.38 no.6
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    • pp.561-574
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    • 2006
  • This study presents the results of an economic analysis for a comparison of the single layer and double layer alternatives with respect to a HLW-repository. According to a cost analysis undertaken in the Korean case, the single layer option was the most economical alternative. The disposal unit cost was estimated to be 222 EUR/kgU. In order to estimate such a disposal cost, an estimation process was sought after the cost objects, cost drivers and economic indicators were taken into consideration. The disposal cost of spent fuel differs greatly from general product costs in the cost structure. Product costs consist of direct material costs and direct labor and manufacturing overhead costs, whereas the disposal cost is comprised of construction costs, operating costs and closure costs. In addition, the closure cost is required after a certain period of time elapses following the building of a repository.

BIM-Based Quantity Takeoff and Cost Estimation Guidelines for Reinforced Concrete Structures (철근콘크리트골조 BIM기반 수량산출 및 견적 가이드라인 수립)

  • Joo, Seon U;Kim, Chee-Kyeong;Kim, Si-Uk;Noh, Jun-Oh
    • Journal of the Computational Structural Engineering Institute of Korea
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    • v.30 no.6
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    • pp.567-576
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    • 2017
  • The object of this research is an establishment of BIM-based quantity takeoff(QTO) and cost estimation guidelines for reinforcement concrete structures focused on improvement of field applicability in transition period from 2D drawing-based environment to 3D BIM-based environment. Preliminary studies on existing guidelines and standards for BIM modeling, QTO and cost estimation of reinforcement concrete structures are performed, and then a standardization of BIM-based cost estimation process is proposed through comparative analysis between 2D drawing-based cost estimation process and 3D BIM-based. In addition, modeling, QTO, and cost estimation processes of cost-BIM model for RC structures are conducted. The contributions of this research and the guidelines suggested by this research are 1) lowering barriers to entity to the new BIM-based environment for small size companies, 2) reducing construction cost by a close estimate, 3) establishing the foundation for integrated management of informations through construction project life cycle, 4) and ultimately, developing the BIM ecosystems.

A Study on Calibration of PRICE Model Using Historical Cost Data (실적자료를 활용한 PRICE 모델의 보정방안 연구)

  • Jung, Tae-Kyun;Lee, Yong-Bok;Kang, Sung-Jin
    • Journal of the military operations research society of Korea
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    • v.36 no.1
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    • pp.29-38
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    • 2010
  • In Korea weapon system acquisition processes, it's required a cost estimation report obtained from a commercial cost model. The PRICE model is generally used as a cost estimation model in Korea. However, the model uses American historical R&D data and it's output cost component is different from our cost component of defense accounting system. Also, we found that estimating results show about 10% of difference when we comparing with actual costs in 44 finished weapon acquisition projects. There are some limitations in calibration to increase an accuracy of the PRICE model because it's difficult obtain good real input data, detailed cost and technical data in low level WBS. So, only 8% of the defense R&D projects are calibrated and validation of calibration results is more difficult. Therefore, we studied the standard calibration process and performed the calibration about the MCPLXS/E parameters of the PRICE model based on actual cost data. In order to obtain a good calculation result, we collected the actual material costs from the defense industry companies. Our results can be used for an reference in similar weapon system R&D and production cost estimation cases.

Development of SWRO-PRO hybrid process simulation and cost estimation program (역삼투-압력지연삼투 조합공정 공정모사 및 비용예측 프로그램 개발)

  • Choi, Yongjun;Shin, Yonghyun;Lee, Sangho;Kim, Seung-Hyun
    • Journal of Korean Society of Water and Wastewater
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    • v.30 no.3
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    • pp.299-312
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    • 2016
  • The main objective of this paper is to develop computer simulation program for performance evaluation and cost estimation of a reverse osmosis (RO) and pressure-retarded osmosis (PRO) hybrid process to propose guidelines for its economic competitiveness use in the field. A solution-diffusion model modified with film theory and a simple cost model was applied to the simulation program. Using the simulation program, the effects of various factors, including the Operating conditions, membrane properties, and cost parameters on the RO and RO-PRO hybrid process performance and cost were examined. The simulation results showed that the RO-PRO hybrid process can be economically competitive with the RO process when electricity cost is more than 0.2 $/kWh, the PRO membrane cost is same as RO membrane cost, the power density is more than $8W/m^2$ and PRO recovery is same as 1/(1-RO recovery).

Estimates of the Economic Value of Houshold Work by Fulltime Home Makers (가사노동의 경제적 가치평가에 관한 연구)

  • 김선희
    • Journal of the Korean Home Economics Association
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    • v.28 no.2
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    • pp.73-89
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    • 1990
  • The aim of the present study is to estimates the economic value of household work done by fulltime home makers, using alternative methods of valuation household work in Pusan Korea. Eight findings, five different methods -Self Estimation by Home Makers, Reservation Wage, Opportunity Cost, Individual function Cost, Replacement Cost(Visiting Housekeeper, Housekeeper, General Managemet, Housekeeper & General Management)- are tried for the estimation of economic value of household work. The results of this study can be outlined as follows : 1) The economic value of household work varies substantially by the methods of estimating. The averages are : 2) The economic value of household work varies with the level of education, ages, the number of children, the stage of FLC in all method of estimation, and the level of income in self estimation by home makers, Reservation wage. Specially, FLC revealed good explanation variable in method of estimation as input household work time. 3) The gap between two-day survey and three-day survey in household work time questionaire didn't so much.

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Roadway Preliminary Cost Estimation Prototype based on BIM and GIS (BIM/GIS 기반 도로 개략공사비 산정 프로토타입 연구)

  • Park, Wonyoung;Kang, Tai-Kyung;Lee, Yoo-Sub
    • Korean Journal of Construction Engineering and Management
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    • v.14 no.6
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    • pp.14-21
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    • 2013
  • While a detailed cost estimation utilizes the comprehensive quantity information obtained from a complete drawing and specification, an approximate cost estimation heavily relies on the subjective decisions. This phenomenon is because the approximate estimation is usually conducted in early stage of the construction phase where the drawing and specification are not available. This study developed a roadway construction cost estimation system which enables users to estimate the approximated cost of the project in early stage. The system identifies the variation of the construction costs due to the road route change using a cased based reasoning(CBR) method. Overall the system is expected to improves the accuracy and effectiveness of the estimation process, because it would provide users with increased accessability and consistent results in early stage of the project which leaded to the increased work transparency.

Use Case Points Estimation for the Software Cost Appraisal (소프트웨어 개발비 감정을 위한 유스케이스 점수 추정)

  • Kwon, Ki-Tae
    • Journal of Software Assessment and Valuation
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    • v.16 no.1
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    • pp.27-36
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    • 2020
  • The software development cost appraisal is treated as a part of the program completion appraisal, and the software engineering methodology is applied. In particular, software cost estimation techniques have been actively applied. For more information about the software development costs calculation, we can refer to the "SW cost estimation guide". Although successful appraisal of a number of development costs based on the guide has been processed, but a number of cases requiring discussion of appraisal results have been discovered. In this study, we propose a use case-based size estimation method to maintain the accuracy and consistency of size estimation. As a result of performing performance evaluation of the proposed method in an environment similar to the development cost appraisal case, it was proved that the accuracy was improved over the existing function points method.

Estimation of Cost of Energy for Offshore Wind Turbines (해상 풍력발전의 경제성 분석)

  • Chung, Taeyoung;Moon, Seokjun;Lee, Hanmin;Rim, Chaewhan
    • 한국신재생에너지학회:학술대회논문집
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    • 2010.11a
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    • pp.177.1-177.1
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    • 2010
  • Large offshore wind farms have actively been developed in order to meet the needs for wind energy since the land-based wind farms have almost been fully developed especially in Europe. The key problem for the construction of offshore wind farms may be on the high cost of energy compared to land-based ones. NREL (National Renewable Energy Laboratory) has developed a spreadsheet-based tool to estimate the cost of wind-generated electricity from both land-based and offshore wind turbines. Component formulas for various kinds and scales of wind turbines were made using available field data. Annual energy production has been estimated based on the Weibull probability distributions of wind. In this paper, this NREL estimation model is introduced and applied to the offshore wind turbines now under designing or in production in Korea, and the result is discussed.

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Fabrication and Characterization of Micro parts by Mechanical Micro Machining: Precision and Cost Estimation (기계식 마이크로 머시닝을 이용한 마이크로 형상의 특성과 비용 평가)

  • Kang, Hyuk-Jin;Choi, Woon-Yong;Ahn, Sung-Hoon
    • Journal of the Korean Society for Precision Engineering
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    • v.24 no.1 s.190
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    • pp.47-56
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    • 2007
  • Recently, demands on mechanical micro machining technology have been increased in manufacturing of micro-scale precision shapes and parts. The main purpose of this research is to verify the accuracy and cost efficiency of the mechanical micro machining. In order to measure the precision and feasibility of mechanical micro machining, various micro features were machined. Aluminum molds were machined by a 3-axis micro stage in order to fabricate microchips with $200{\mu}m$ wide channel for capillary electrophoresis, then the same geometry of microchip was made by injection molding. To evaluate the cost efficiency of various micro manufacturing processes, cost estimation for mechanical micro machining was conducted, and actual costs of microchips fabricated by mechanical micro machining, injection molding, and MEMS (Micro electro mechanical system) were compared.

Object & Parameter based Schematic Estimation Model for Predicting Cost of Building Interior finishings (오브젝트-파라미터기반 건축마감공사비 개산견적 모델)

  • Koo, Kyo-Jin;Park, Sung-Ho;Park, Sung-Chul;Song, Jong-Kwan
    • Korean Journal of Construction Engineering and Management
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    • v.9 no.6
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    • pp.175-184
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    • 2008
  • For deciding the profitability and feasibility of the construction project, the schematic estimation has to not only link the design decision-making but also estimate the cost with reliability. The prototype-based schematic estimation system was developed for easily linking with design-making and supports to evaluate the design alternatives in the design development stage but didn't consider the cost estimated by parameter and additional work items by users. This research presents the object-parameter based schematic estimation model in the design development stage that can lead to accurately estimate the cost by using historical data from the high-storied office buildings. For the development of the proposed model for schematic estimation, after analyzing and classifying the work items from the Bills of Quantities(BOQs) and drawings of historical data, this research proposed the methods of estimating cost in accordance with attributes of each work item. In addition, a case study is performed for the effectiveness as comparing the previous estimating method with the proposed model.