• International conference on construction engineering and project management
• /
• 2009.05a
• /
• pp.1433-1439
• /
• 2009

Best value is the ultimate goal of the owner and can thus have diverse meanings according to the project characteristic, owner's purpose, user groups' payment capability, etc.. Recently, resettlement problems of the marginalized members in the urban regeneration area have been issued in Korea because they have no capability to purchase (or lease) redeveloped housing (or apartment). It means that a minimized production cost for reducing supply price of housing is a key factor in establishing the best value of the marginalized members. The lowest-price bidding system serves the purpose of ensuring a minimized production cost, but due to the low-cost investments, it creates various problems, such as sloppy construction, lowered quality, an increased LCC, and worsening profitability for builders. Thus, to help them resettle, it is necessary to supply affordable housing geared towards a certain appropriate quality and minimum construction costs. Towards this end, this study aimed to propose a cost reduction bidding system based on a technical proposal. The proposed technical-proposal-based cost reduction bidding system consists of the following components: work-unit-based, project-unit-based, and construction-period-reducing technical proposals. These components are evaluated to select the best bidder for a given project. The technical proposal based cost reduction bidding system proposed herein is expected to provide facilities with appropriate supply prices and appropriate quality levels, to bolster the technological competitiveness of builders.

• 한국연소학회:학술대회논문집
• /
• 2013.06a
• /
• pp.19-20
• /
• 2013

The cofiring of renewable fuel in coal fired boilers is an attractive option to mitigate $CO_2$ emissions, since it is relatively low cost option for efficiently converting renewable fuel to electricity by adding biomass as partial substitute of coal. However, it would lead to reduce plant efficiency and flexibility in operation, and increase operation cost and capital cost associated with renewable fuels handling and firing equipment. The aim of this study is to investigate reduction of carbon dioxide at varying percentage of biomass in fuel blend to the boiler biomass, and estimate operation and capital cost. Wood pellet, PKS (palm kernel shell), EFB (empty fruit bunch) and sludge are considered as a renewable fuels for a cofiring with coal. Several approaches by the cofiring ratio are chosen from past plant demonstrations and commercial cofiring operation, and they are evaluated and discussed for CO2 reduction and cost estimation.

• Journal of Korean Institute of Industrial Engineers
• /
• v.27 no.2
• /
• pp.150-157
• /
• 2001

Since the transportation cost takes two thirds of the logistics cost of Korean firms, significant reduction of business logistics cost can hardly be achieved without effective reduction of the transportation cost. Although consolidated transportation has been regarded as the most promising strategy for reducing the transportation cost, it has not been successful in practice. In this paper, we propose a consolidated transportation model for firms located in industrial complexes, present a heuristic algorithm to operate the system, and analyze the expected cost reduction.

• Proceedings of the Korean Environmental Health Society Conference
• /
• 2002.04a
• /
• pp.54-64
• /
• 2002

This study evaluated advanced water treatment (AWT) system in Korea. There are currently 16 plants operating with AWT. However, no attempt has been made to evaluate AWT system. This study selected one water treatment plant with AWT (pre-ozonation ＋ BAC). Using the operation data from 1995 to 2001 and pilot study results, the post-evaluation of the AWT system has been conducted. The study found that AWT improved water qualities of organic, ammonia, and turbidity, as expected. However, the extent of the improvement was generally short of the pilot study expectations. Pre-ozonation failed to decrease coagulant consumption. The dosage increased rather than decreased. AWT was, however, successful to decrease chlorine consumption. The chlorine reduction was related to the change in raw water characteristics and AWT introduction. Pre-ozonation failed to decrease coagulant consumption. The dosage increased rather than decreased. AWT was, however, successful to decrease chlorine consumption. The chlorine reduction was related to the change in raw water characteristics and AWT introduction, Both operation of pre-ozonation and reduced ammonia loading were responsible for the reduction. AWT increased the operation cost. Maintenance, raw water, and power cost increased, while labor and chemical cost decreased. Manpower reduction resulting form automation caused the decrease of labor cost. The reduction of chlorine consumption caused the decrease of chemical cost.

• Proceedings of the KSR Conference
• /
• 2000.05a
• /
• pp.63-70
• /
• 2000

Light Rail is highlighted for its construction cost and operation ＆ maintenance cost in Korea. However, lack of analysis on driverless operation effect causes many disputes. In this paper, using latest driverless operation cost data. analysed cost reduction effect of it, with comparing present KNR's metropolitan subway signal system. It showed there is enough economic appropriateness B/C 1.241 on interest rate 6%, 1.076 on 8% and 0.943 on 10%, though it couldn't include passenger travel time value.

• The Transactions of the Korean Institute of Electrical Engineers A
• /
• v.48 no.9
• /
• pp.1073-1080
• /
• 1999

Optimal routing of distribution networks can be attained by keeping the line power capacity limit to handle load requirements, acceptable voltage at customer loads, and the reliability indices such as SAIFI, SAIDI, CAIDI, and ASAI limits. This method is composed of optimal loss reduction and optimal reliability cost reduction. The former is solved relating to the conductor resistance of all alternative routes, and the latter is solved relating to the failure rate and duration of each alternative route. The routing considering optimal loss only and both optimal loss and optimal reliability cost are compared in this paper. The case studies with 10 and 24 bus distribution networks showed that reliability cost should be considered as well as loss reduction to achieve the optimal routing in the distribution networks.

• Journal of The Korean Society of Agricultural Engineers
• /
• v.57 no.2
• /
• pp.75-83
• /
• 2015

This study was aimed to estimate the total application cost and utilization of Turf grass VFS application through the field experiment. The experimental plots were constructed in an upland field of Iksan city within the Saemangeum watershed. Turf grass was transplanted at the down-slope edge of the pollution source area in each of the treated plots. Three rainfall events were monitored during the experiment period, and the rainfall-runoff relationships and NPS pollution reduction effects of the VFS systems were assessed. As results, the reduction ratio of runoff volume ranged 14.1~64.0 %, while the NPS pollution reduction ratio ranged 9.8~73.9 % for SS, 24.0~84.2 % for T-N, 31.6~80.9 % for T-P respectively. The total cost of VFS application was estimated by considering purchase cost of Turf grass sods and construction and maintenance costs of VFS system as well as the loss caused by giving up crop cultivation for the area needed to construct the VFS. The total cost of the VFS was estimated to be approximately \3,379,000/ha/year for the first year of application, and this cost could be decreased to \1,899,000/ha/year from the second year as the construction cost of VFS could no longer need to be counted afterwards. Apart from the NPS pollution reduction effects, the possible utilization of VFS was examined by detaching Turf grass within 40 % of VFS area for sale during spring time when the VFS systems fully covered. The benefit of selling the detached Turf grass sods was estimated as \1,260,000/ha/year, and also found that the VFS area successfully recovered by the time of the summer period. This benefit could attract farmers to adopt the VFS technique to manage agricultural NPS pollution.

• The Transactions of The Korean Institute of Electrical Engineers
• /
• v.62 no.11
• /
• pp.1520-1527
• /
• 2013

The purpose of this study is to derive COE reduction targets of offshore wind power in Korea. In addition, innovation factors for achieving the COE reduction targets were derived. Also the COE reduction targets of offshore wind power was to improve that national policy, technology, industry and improving regulations would like to help. The results of this study has been created based on the various assumptions, scenarios and experts' discussions. Currently, offshore wind power generation price is 229.72won/kWh in 2012. According to the study, COE of offshore wind power has been proposed 88.8won/kWh at third scenario by 2030. This result has shown competitiveness with fossil fuel power generation.

• THE INTERNATIONAL COMMERCE & LAW REVIEW
• /
• v.35
• /
• pp.41-69
• /
• 2007

This study analyzes some important implications for the forthcoming revision of eUCP through the methodology of expected utility maximization theory. The overall results are as follows. First, beneficiary with an initial wealth has a risk-averse utility in traditional letter of credit transaction, and he would be more risk-averse in eUCP transaction. Secondly, the beneficiary who has risk-averse utility will pay for the risk premium to reduce the risk of corruption of an electronic record by means of cost of loss reduction activities. Thirdly, the cost of loss reduction activities is represented by a convex cost function, Fourthly, a risk averse beneficiary pursues loss reducing activities to the point where the expected marginal product of loss reduction is less than its marginal cost. Fifthly, a more risk-averse eUCP beneficiary will always select a higher level of loss reduction as long as the effectiveness of loss reduction is certain. Sixthly, when the effectiveness of loss reduction is uncertain, the more risk-averse eUCP beneficiary does not necessarily choose a higher level of loss reducing activities. Finally, it would be more reasonable that eUCP Article 11 should protect eUCP beneficiary who pursues a higher level of loss reducing activities.

• Journal of Korean Society of Forest Science
• /
• v.104 no.4
• /
• pp.615-621
• /
• 2015

This study was conducted to analyze accessibility and reduction effect of forest operations cost before and after forest road construction based on actual silvicultural operations in 5 regional forest service(8 management planning district) where forest operations was enacted consistently. The result show the accessibility and the reduction effect of the operation cost, the accessibility of forest operation area within 500 m from forest road or public road increased about 3.2 times after the forest road construction. The reduction effect of the operation cost was averagely 576,000 won/km/year. According to the results, forest road had an effect on improvement of accessibility and reduction effect of forest operation cost. This result could be offered basic information to support policy of forest road expansion.