• Korean Journal of Construction Engineering and Management
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• v.16 no.4
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• pp.98-106
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• 2015

VE aims at reduction in a budget, improvement of function, structural safety and quality security for public construction projects. However, there is possibility for the structural safety and quality security review to be insufficient because related regulations are mostly composed of analysis on economic efficiency of design. In addition, due to the misconception about VE as a cost saving methodology, an alternative is being presented which still focuses mainly on cost saving, but with no objective evaluation of function related to cost. In order to improve this, the government adopted the reduction of life cycle cost and proposal of value improvement, and let people specify the cost and function of the original plan versus the alternative plan, and the value changes between them. However, it is written mainly into practical convenience rather than theoretical basis since a specific way is not suggested. The current method sets a different starting point by applying the attributional difference of function and cost. Furthermore, an evaluation standard for correlating is an important element in rational decision making for assessing and choosing an alternative. This paper analyzes the process and method of function & cost scoring when performing VE and suggests a mathematical normalization model in order to support rational decision making when selecting an optimum plan.

• Proceedings of the KSR Conference
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• 2007.11a
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• pp.1158-1164
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• 2007

Recently, the demand on the practical application of life-cycle cost effectiveness for design and rehabilitation of civil infrastructure is rapidly growing unprecedentedly in civil engineering practice. Accordingly, it is expected that the life-cycle cost in the 21st century will become a new paradigm for all engineering decision problems in practice. However, in spite of impressive progress in the researches on the LCC, so far, most researches in Koreahave only focused on roadway bridges, which are not applicable to railway bridges. Thus, this paper presents the formulation models and methods for uncertainty-based LCCA for railroad bridges consideringboth objective statistical data available in the agency database of railroad bridges management and subjective data obtained form interviews with experts of the railway agency, which are used to anew uncertainty-based expected maintenance/repair costs including lifetime indirect costs. For reliable assessment of the life-cycle maintenance/repair costs, statistical analysis considering maintenance history data and survey data including the subjective judgments of railway experts on maintenance/management of railroad bridges, are performed to categorize critical maintenance items and associated expected costs and uncertainty-based deterioration models are developed. Finally, the formulation for simulation-based LCC analysis of railway bridges with uncertainty-based deterioration models are applied to the design-decision problem, which is to select an optimal bridge type having minimum Life-Cycle cost among various railway bridges types such as steel plate girder bridge, and prestressed concrete girder bridge in the basic design phase.

• Membrane and Water Treatment
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• v.8 no.2
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• pp.137-147
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• 2017

A water treatment utility in South Korea operates a large system of pressurized hollow fiber membrane (PHFM) modules. The optimal selection of membrane module for the full scale plant was critical issue and carried out using Risk-based Life Cycle Cost (RbLCC) analysis based on the historical data of operation and maintenance. The RbLCC analysis was used in the process of decision-making for replacing aged modules. The initial purchasing cost and the value at risk during operation were considered together. The failure of modules occurs stochastically depending on the physical deterioration with usage over time. The life span of module was used as a factor for the failure of Poisson's probability model, which was used to obtain the probability of failure during the operation. The RbLCC was calculated by combining the initial cost and the value at risk without its warranty term. Additionally, the properties of membrane were considered to select the optimum product. Results showed that the module's life span in the system was ten years (120 month) with safety factor. The optimum product was selected from six candidates membrane for a full scale water treatment facility. This method could be used to make the optimum and rational decision for the operation of membrane water purification facility.

• Journal of the Korean Society of Industry Convergence
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• v.24 no.6_2
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• pp.891-897
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• 2021

In this paper, we propose a destination optimal route algorithm for providing route finding service for the transportation handicapped by using the multi-criteria decision-making technique and the modified A-STAR optimal route search algorithm. This is a method to set the route to the destination centering on safety by replacing the distance cost of the existing A-STAR optimal route search algorithm with the safety cost calculated through AHP/TOPSIS analysis. To this end, 10 factors such as road damage, curb, and road hole were first classified as poor road factors that hinder road driving, and then pairwise comparison of AHP was analyzed and then defined as the weight of TOPSIS. Afterwards, the degree of driving safety was quantified for a certain road section in Busan through TOPSIS analysis, and the development of an optimal route search algorithm for the transportation handicapped that replaces the distance cost with safety in the finally modified A-STAR optimal route algorithm was completed.

• Proceedings of the Korean Society of Surveying, Geodesy, Photogrammetry, and Cartography Conference
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• 2004.04a
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• pp.413-418
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• 2004

The purpose of this research calculates the map manufacture cost and there are we even though we determine proper map price. We distinguished the budget item of NGI in 2003 with the direct cost to the overhead cost. A map manufacture cost classified a direct and overhead cost as a nap manufacture cost commonness cost and no relation cost and was calculated. The result to analyze the item of the charge, It is impossible to withdraw the map manufacture cost selling the map. This is because a map sale price inexpensive than the map manufacture price. We presented a two alternative in research to see consequently about a map price raising.

• Korean Journal of Organic Agriculture
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• v.12 no.1
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• pp.23-44
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• 2004

TCA(Total Cost Assessment) can be defined by a tool to evaluate actual profit about investment. Also, It can be used by method to make more reasonable decision-making in business. Enforcement of 'direct payment system' for environment friendship farmhouse of government is spreading recent times. But, it is true that it is no definite standard about appropriation of disbursement amount of money. TCA method can be utilized usefully for solution of these problem. Also, It will help to decide price grasping invisible cost and environment cost. Therefore, We tried that may can apply TCA theory in farmhouse class, and attempted economic performance estimation which use this. This study introduces TCA theory and developed applicable expense list in agriculture field. Also, We applied TCA theory to farmhouse. This theories referenced domestic and th6 foreign countries, connection literature. But, It handled part about invisible cost and social cost etc..

• International conference on construction engineering and project management
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• 2009.05a
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• pp.1201-1208
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• 2009

A making a decision of construction cost has important meaning and function for both contractor and owner in construction projects. Especially, it should be premised that estimating the construction cost in efficient and rational way in public construction, which is invested by government funds, for efficient execution of the budget and investment as a side of government. The systematic methodology for estimating construction cost approximately of a river facility construction project has not yet been established because of its unique characteristics including its relatively small project size in terms of cost. On this study, It collect and analyze a river facility construction historical cost data for develop an approximate cost estimating model for river applied by typical embankment section method and rate application of the others activity type. And it verify suitability of model through a that result of application of real river facility construction statement at developed model. By this study, it is expected to reasonable and systematic estimating construction cost through application of developed model.

• Solar Energy
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• v.10 no.1
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• pp.63-79
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• 1990

It has been recognized that a policy for supplying solar house and hot water production systems utilizing solar energy needs to be driven to save civilian comsuming energy or to develop alternative energy. However, the economic feasibility study of solar energy systems must be carried out before their practical use. The purpose of this study is to furnish information for supplying policy and enlightening users with the economic feasibility study of solar house and hot water production systems. Decision support systems are established to carry out economic analysis on solar systems more accurately. Therefore, computer simulation is carried out to analyze the performance of solar systems and also economic feasibility study by trial and error method is carried out. Fuel cost and additional cost for solar systems are estimated employing present worth concept and economic analysis has been conducted using the break-even point analysis method and life-cycle cost analysis method.

• Journal of Distribution Research
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• v.9 no.1
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• pp.25-45
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• 2004

As electronic commerce establishes itself as a viable and competitive channel, this research compares the attractiveness of online and offline purchase from a transaction cost perspective. In the process, we propose a framework that integrates transaction cost with purchase decision process and product type. Specifically, the paper proposes and tests hypotheses regarding the difference between online and offline channels with respect to the transaction costs incurred in each stage of the purchase decision process. These differences are further compared across different product types categorized according to the FCB Grid. A total of 24 hypotheses were tested by conducting a questionnaire survey on university students. The results showed that 19 out of 24 hypotheses were supported. Following a detailed presentation of the analysis results, the paper concludes by discussing the academic and managerial implications of the findings.

• Journal of the Earthquake Engineering Society of Korea
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• v.11 no.3 s.55
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• pp.11-21
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• 2007

Potential damage and losses associated with structural systems caused by earthquake can be reduced by application of seismic design to the structures. Because the building cost required for seismic design is generally higher than the cost for non-seismic design, the application of seismic design must be justified considering both seismic performance and cost. This paper presents a risk-based fiamework for evaluation and comparison of seismic performance of structures such that necessary data can be supplied for decision making on seismic design. Seismic fragility curve is utilized for seismic risk assessment of structures, and the process for decision analysis on adaptation of seismic design is presented based on the equivalent cost model.