• Structural Engineering and Mechanics
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• v.31 no.1
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• pp.11-24
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• 2009

In China, the oil and natural gas resources of Bohai Bay are mainly marginal oil fields. It is necessary to build both ice-resistant and economical offshore platforms. However, risk is involved in the design, construction, utilization, maintenance of offshore platforms as uncertain events may occur within the life-cycle of a platform under the extreme ice load. In this study, the optimum design model of the expected life-cycle cost for ice-resistant platforms based on cost-effectiveness criterion is proposed. Multiple performance demands of the structure, facilities and crew members, associated with the failure assessment criteria and evaluation functions of costs of construction, consequences of structural failure modes including damage, revenue loss, death and injury as well as discounting cost over time are considered. An efficient approximate method of the global reliability analysis for the offshore platforms is provided, which converts the implicit nonlinear performance function in the conventional reliability analysis to linear explicit one. The proposed life-cycle optimum design formula are applied to a typical ice-resistant platform in Bohai Bay, and the results demonstrate that the life-cycle cost-effective optimum design model is more rational compared to the conventional design.

• Journal of Energy Engineering
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• v.22 no.3
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• pp.283-286
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• 2013

The existing nuclear power plants have been often redesigned by increasing or decreasing electrical power without changing design concept by the request of utility, economic factors or other factors. When the cost of power plant equipment redesigned by changing reactor power and electrical power is estimated, if its quotation is not available in the market place, cost scaling factor(CSF) applies to the cost of existing plant equipment and then the new-designed equipment cost can be calculated. In this paper, we review CSFs according to plant capacity change cases in United State DOE, EPRI, ABB, SWEC and introduce the results applied to Korean PWR 1000MWe and 1400MWe.

• Proceedings of the KSR Conference
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• 2008.11b
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• pp.1481-1486
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• 2008

To apply more effective the RCM analysis for railway vehicle, the maintenance cost per equipment should be considered together with failure criticality per equipment considered in existing. This paper is described the systematic calculation of maintenance cost considering the RCM analysis of railway vehicle. To calculate the maintenance cost systematically, the cost breakdown structure was established, and basic cost information and calculated cost items were defined. In addition, the linking between calculated cost and RCM analysis was considered. In future, this proposal would be used to analysis of cost effectiveness through RCM analysis of railway vehicle.

• Architectural research
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• v.8 no.2
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• pp.43-48
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• 2006

The appropriate fleet estimation of the excavation equipment is a major factor in the determination of the cost and time requirements of a project. But the decision of what kind of equipment selected is often based on heuristic methods or trial and error in Korea. Thus, this study proposes a prototype model that uses genetic algorithms to select fleet estimation of loaders (backhoe) and trucks used in excavation work. To verify the applicability of this model, the case study was performed. And the result of the genetic model was compared with that of the trial & error method. The use of the genetic model suggested this study required 44days, 2 units of backhoes, 7 units of trucks, and a total cost of 171,839,756 won. With the estimated fleet number of equipment, the minimum cost of excavation work can be calculated, taking account of the time-cost trade-off. By utilizing this prototype model, the efficiency of excavation work can be improved.

• Journal of Applied Reliability
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• v.13 no.3
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• pp.175-190
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• 2013

This study considers reliability growth management as the excellent method for construction equipment development with the effect on decreasing COPQ(Cost of Poor Quality Cost) of new products. MIL-HDBK-189A(1981) and RADC-TR-84-20(1984) standards provide a general concept of reliability growth management including to reliability growth test, models and FRACAS(Failure Reporting and Corrective Action System). There is no study how to apply reliability growth management to construction equipment(or machine) development. This paper propose the method to apply it to construction equipment development process from the reliability target setting for developing products to launching them at market. It is expecially showing how to set target reliability for new developing equipment and the development risk to reach the reliability target in detail.

• Korean Journal of Construction Engineering and Management
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• v.13 no.6
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• pp.121-132
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• 2012

The current estimation system of construction equipment cost was first introduced in 1960's when general contractors had ownership of equipment. However, most of construction equipment in construction sites has been rented from equipment leasing company these days. Therefore, the improvement of current cost estimation system is therefore inevitable in order to advance domestic construction industry. This study is aimed to suggest the improved system by analyzing nationwide market rental rates of major construction equipment. A user friendly prototype of actual database grounded on actual market rental rates collected from over 200 leasing companies in the nation was proposed. The database includes various rates and statistics analyzed by different form of contract as well as different region. Using the collected data, "The Cost Estimate System in Construction Equipment Database" was developed by using VBA(Visual Basic for Applications). The system makes users convenient to utilize the rental rates by choosing equipment and region, and various types of contract.

• Journal of the military operations research society of Korea
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• v.29 no.2
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• pp.100-110
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• 2003

Equipment replacement policy may not be defined with certainty, because physical states of any technological system may not be determined with foresight. This paper presents Markov Decision Process(MDP) model for army equipment which is subject to the uncertainty of deterioration and ultimately to failure. The components of the MDP model is defined as follows: ⅰ) state is identified as the age of the equipment, ⅱ) actions are classified as 'keep' and 'replace', ⅲ) cost is defined as the expected cost per unit time associated with 'keep' and 'replace' actions, ⅳ) transition probability is derived from Weibull distribution. Using the MDP model, we can determine the optimal replacement policy for an army equipment replacement problem.

• Proceedings of the Korean Institute of Building Construction Conference
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• 2014.05a
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• pp.50-51
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• 2014

Although price of construction equipment affects overall cost of a construction projects, the cycle of updating them presented in the Poom-Saem in Korea is more than six years. Recently there is a demand of using the 'Standard Market Price of Construction Equipment', published by the ministry of Security and Public Administration, for estimating equipment operating and ownership cost. It is urgent to introduce an advanced system for updating the prices which can timely reflect market changes.

• Journal of Korean Society of Industrial and Systems Engineering
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• v.45 no.1
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• pp.83-90
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• 2022

This study deals with replacement analysis of deteriorated equipment for improving productivity of production system. Frequent breakdown of the deteriorated equipment causes a situation that reduces productivity such as low product quality, process delay, and repair cost. However, the replacement of new equipment will be required a high initial investment cost, so it is important to analysis the economic feasibility. Therefore, we analyze the effect of the production system due to the aging effect of the equipment and the feasibility of equipment replacement based on the economic analysis. The process flow, working time, logistics movement, etc. are analyzed in order to build the simulation modeling for a ship and land switchboard production system. Using numerical examples, the economic feasibility analysis of equipment replacement through replacement of existing deteriorated equipment and additional arrangement of new facilities is performed.

• The Transactions of The Korean Institute of Electrical Engineers
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• v.60 no.11
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• pp.1993-1999
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• 2011

Today, the power utilities is setting on the slow load growth and the aging of power equipment, and then could spend the efforts on the stability of system performance. Asset management may be defined as the process of maximizing corporate profit by maximizing performance and minimizing cost over the entire life cycle of power equipment. Therefore, asset management is great way to fulfill the economic investment and the stability of system performance. This paper presents the application of effective asset managem ent from an economic perspective. A proposed method is considering the life cycle analysis using life cycle cost methodology for hydro-generator during the total life cycle. The life cycle cost methodology include a way to calculating maintenance and operating costs. The proposed method will be expected to play an important role in investment decision making considering economic evaluation.