• Proceedings of the Korean Institute of Building Construction Conference
• /
• 2020.06a
• /
• pp.171-172
• /
• 2020

Recently, the need for smart construction technologies related to the Fourth Industrial Revolution has been increasing in order to improve productivity of the construction industry. The Ministry of Land, Infrastructure and Transport has established Smart construction technology road map to commercialize the smart construction, and research and development is also underway. However, due to the lack of cost estimation standards for such smart construction technologies to be deployed to actual sites, smart construction technologies are not actively applied to construction sites. In particular, cost estimation standards are needed for construction machinery equipment with ICT technology that is currently available for commercialization. Therefore, as a preliminary study for the development of smart construction cost estimation standards, a case study was conducted on ICT construction estimation standards in Japan and present them as basic data for standards in Korea.

• Proceedings of the Korean Institute of Building Construction Conference
• /
• 2013.05a
• /
• pp.249-251
• /
• 2013

The government has applied the Construction New Excellent Technology Endorsement System to enhance national competitiveness and advance domestic construction technology since 1989. Nevertheless, It's application hasn't been expanded to overall construction industry, due to insufficient verification of the cost effectiveness. So, the government has established the standardized cost estimation guideline to verify the cost effectiveness in 2011. This research classified the technology group based on 27 cases of the cost estimation reports to increase understanding of the cost effectiveness of the new excellent technology. It is expected to contribute establishing reasonable and feasible cost estimation standards.

• Journal of Korean Society for Quality Management
• /
• v.51 no.3
• /
• pp.461-479
• /
• 2023

Purpose: It emphasizes the importance of cost analysis for weapons systems that require enormous develop- ment costs, analyzes the problems of cost analysis steps from a practical point of view, and presents the direction of business development in terms of cost analysis reliability, timeliness, and efficiency. Methods: It analyzes the R&D cost of Micro satellites with a complex cost structure and large scale according to engineering estimation procedures, derives major analysis step-by-step problems, and presents business development directions. Results: Problems with standards and assumptions, data collection, cost division structure, and cost estimation methods were derived through the micro satellite cost analysis process, and business development directions such as expanding common standards, standardizing basic data, standardizing cost division structures and cost items, and data asset were presented. Conclusion: In order to develop work in terms of cost analysis reliability, timeliness, and efficiency, it is important to prepare and standardize standards and rules for detailed tasks at each analysis stage, and through this, it is expected that high utilization value and systematic cost data will be assetized in the future.

• International conference on construction engineering and project management
• /
• 2022.06a
• /
• pp.253-260
• /
• 2022

Existing web-based cost databases have proved invaluable for construction cost estimating. These databases have been utilized to compute approximate cost estimates using assembly rates, unit rates, and etc. These web-based databases can be used independently with traditional cost estimation methods (manual methods) or used to support BIM-based cost estimating platforms. However, these databases are rigid, costly, and require a lot of manual inputs to reflect recent trends in prices or prices relative to a construction project's location. To address this gap, this study integrated deep learning techniques with web-based price analysis to develop a database that incorporates a project's location cost estimating standards and current cost trends in generating a cost estimate. The proposed method was tested in a case study project in Lagos, Nigeria. A cost estimate was successfully generated. Comparison of the experimental results with results using current industry standards showed that the proposed method achieved a 98.16% accuracy. The results showed that the proposed method was successful in generating approximate cost estimates irrespective of project's location.

• Journal of Information Technology Services
• /
• v.16 no.3
• /
• pp.47-65
• /
• 2017

The reference guide for the cost of establishing the digital documents has been used as a basis for establishing the budget for the construction of the knowledge information resource. However, due to the abolition of the nominal unit price notification in terms of IT projects, it is necessary to conduct research to convert the standard of the current labor force grade standard to the national incompetency standard (NCS). In this study, we investigate and revise the system and contents of the current knowledge information cost estimation model. In specific, i) we conducted gap analysis of cost estimation model and existing NCS model. As the contents conforming for the construction of the knowledge information resource were not adoptable, we define the description of the construction of the knowledge information resource and to identify the core elements of NCS prior to the improvement of the cost model. ⅱ) then we proposed improve the cost model considering integration with newly proposed NCS model for knowledge information construction job. In order to ensure the validity of the application of NCS development and cost estimation model, the experts reviewed relevant contents and made plans for improvement by using experts from supply and demand groups of various fields of national knowledge informatization projects.

• The Journal of Information Systems
• /
• v.14 no.2
• /
• pp.173-189
• /
• 2005

Recently, Korean software industry has enjoyed fast growth, thus phenomenon drew attention to the need for more precise and standardized cost estimation system for software development. However, many obstacles exist in achieving a more precise and universally applicable cost measurement. These obstacles include : (1) the intangible nature of intellectual efforts, (2) lack of cost standards, (3) lack of quantitative yardstick to determine the potential complication, (4) lack of both cost monitoring during development and coordinating between acquisition process and cost estimation. The purpose of this study is to facilitate software development cost estimation considering acquisition process that will meet korean user's needs, and to create better models that will be cost for software development particularly for Korean environment.

• Proceedings of the Korean Institute of Building Construction Conference
• /
• 2019.05a
• /
• pp.250-251
• /
• 2019

Lots of infrastructures have been newly constructed through the rapid economic growth of 1970's. Since the infrastructures has mostly deteriorated and this circumstance makes the need for maintenance and rehabilitation(M&R) of infrastructures to obtain the convenience and safety of users even more essential. Although markets for M&R project become larger, the construction standards for cost estimation of M&R work are insufficient. Thus, the purpose of this study is to examine the present state of standards for cost estimation of M&R works using case studies. Finally, this work could be utilized as the basis for the development of national standard for estimation of M&R work.

• Journal of Korea Technology Innovation Society
• /
• v.5 no.2
• /
• pp.245-256
• /
• 2002

Measurement standards, as being widely recognized, is necessary for national economic development and advanced industrialization. Also measurement standards give reliability and fair trade to the producers and consumers. Macro-effect of measurement standards using estimation of cost function has four effects: 1) value-added causing effect, 2) effect of employment, 3) reduction effect transaction cost, 4) reduction effect defect rates. In this study, to investigate the impacts between specific and the other industries, we used I-O Table of Korea Bank. The relation between the value-added produced by original production factors and final use is determined through production level, and the relation can be investigated with production causing coefficient matrix. In this study, it was showed that the measurement standards investments including measurement only man power of industries were increased from 1995 rapidly. The establishment and maintenance of measurement standards contributes to reduce the defect rate of products in production process and improve the confidence of the product quality. The results from this study show that measurement technology contributes to improve quality, decrease defect rate, improve production process, develope new products, reduce prime cost and increase the consumer's confidence on the firms. Since these results indicate that measurement standards are very important in the point of their vast contribution, we hope our findings can contribute to encourage measurement activities in industries.

• KSCE Journal of Civil and Environmental Engineering Research
• /
• v.41 no.4
• /
• pp.429-439
• /
• 2021

In order to cope with the decrease of construction manpower caused by the aging population and to improve construction productivity, Japanese Ministry of Land, Infrastructure, Transport and Tourism has been promoting construction methodology using ICT (Information & Communication Technology) since 2016. The ministry has established and implemented new cost estimation standards, delivery systems, and government support policies to boost automated earthwork using ICT, and is expanding the types of automated construction methodology applied at the construction sites. To utilize ICT at construction sites in Korea, as in case of Japan, laws, systems, and policies should be readjusted first. By comparing the ICT-related systems and policies between Japan and Korea, this paper scrutinizes critical benchmarking factors. As a result, we have reached the conclusion that in order to promote ICT methodology at Korean construction sites, Korean government should establish ICT-related cost estimation standards, delivery systems, and economic support policies in advance.

• Corrosion Science and Technology
• /
• v.5 no.5
• /
• pp.173-176
• /
• 2006

Previous national studies on costs of corrosion are reviewed and brief explanations are given of the Uhlig method, Hoar method and Input-output method that are employed for corrosion cost estimation. Total costs of corrosion of 11 countries are summarized and the results by Uhlig methods are compared especially for the recent studies from the U.S, Japan and China.