• Title/Summary/Keyword: Estimated Construction Cost

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Economic Evaluation of ODA Project - A Case of Poultry Farm in Uganda - (우간다 양계부문 ODA 사업의 농가단위 경제성 평가)

  • Yang, Heon-Yong;Seo, Il-Hwan
    • Journal of Korean Society of Rural Planning
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    • v.26 no.4
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    • pp.67-79
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    • 2020
  • As globalization, international cooperation has grown in importance. In accordance with this trend, Korea has been receiving high demands from international organizations about expanding the scale of Official Development Assistance(ODA) in line with its improved national status. In addition, in the economic aspect of Korea, the ODA project is expected to provide new growth opportunities in the mid- to long-term by promoting cooperation with developing countries. Uganda is an area with high strategic value due to good agricultural conditions and favorable geographical conditions. The poultry industry is a business that is generally carried out to the Ugandan, but due to economic problems such as initial investment cost, most of them have raised poultry on a small scale which is not enough for main income. This paper proposes the construction and operation plan of adapting to small poultry farms in the village-intensive type to sustainable income for residents in Uganda through ODA project in Korea's agricultural technology. The economic feasibility was analyzed from the long-term perspective when the initial construction cost was supported or not and the poultry species ratio was adjusted in terms of initial and operating costs. Economic analysis was performed using Net Present Value(NPV) method. As of after 10 years, when operating in the form of shifting kuroiler to layers, it was estimated to earn about 700,000 ugx more than when only kuroiler is raised, and it is able to reduce about 14 million ugx from the initial cost than when only raising layers. As of 20 years, the most profitables scenario was the breeding of 100 kuroilers and 400 layers methods. however, this case was anlayzed to be unsuitable for Uganda farmers, with initial costs more than three times higher than the shifting method of the kuroiler to layers. If the initial construction cost is supported by ODA project, the initial investment cost can be recovered in the first year with the shifting method, whereas raising only layers take two years to recoup the cost. In the meantime, when studying livestock industry in Uganda, it was examined by relying on statistical data, but this paper is meaningful in that it predicted how much it is economically effective based on field experience.

A Study on the Estimation Measure of Delay Cost on Work Zone Using the Traffic Flow Model (교통류 모형을 이용한 도로 점용공사 구간의 지체비용 산정방안)

  • Kim, Yunsik;Lee, Minjae
    • Korean Journal of Construction Engineering and Management
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    • v.17 no.5
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    • pp.120-129
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    • 2016
  • The user cost is an important analysis item which should be considered together with life-cycle of facility, administrator cost and discount rate in LCCA for efficient asset management of SOC facilities. Especially, a significant delay cost occurs often for users in the road field due to a work zone for cleaning and maintenance, and in such case, the administrator should consider the administrator cost as well as the user cost for more rational decision making. However, the user cost has not been considered in most decision making steps until recently and relevant studies also have not been carried out actively. In this study, the methodology to estimate the user cost and delay cost required in the decision making step using the traffic flow model and the direct benefit estimation model in the traffic facility investment evaluation guideline is suggested. And, the traffic flow model was estimated on 4 national highway sections where maintenance was actually carried out in 2014 using VISSIM and, the user cost and the delay cost were estimated based on the suggested methodology. The analysis result showed that the average user cost of $17,569,000KRW/km{\times}day$ occurred on Section A with approximately 30,000 AADT before a work zone occurred, and in case the first lane was blocked for maintenance, the delay cost of $10,193,000KRW/km{\times}day$ (158%) on average occurred additionally. The delay cost of $1,507,000KRW/km{\times}day$ (115%) and $1,985,000KRW/km{\times}day$ (119%) occurred on Sections B and D with approximately 20,000 AADT respectively and the delay cost of $262,000KRW/km{\times}day$ (105%) occurred on Section C with approximately 10,000 AADT. This result of this study was estimated based on the simulation of traffic flow model so that there is a limitation in its actual application. A study ot develop a highly appropriate model using actual observation data and improve the possibility to apply it through the verification using the simulation will be necessary in future.

Studies on the Design of Forest Road Network for Mechanized Yarding Operations (II) - Optimal road spacing and density - (기계화(機械化) 집재작업(集材作業)을 위한 노망정비(路網整備)에 관(關)한 연구(硏究)(II) - 적정임도간격(適正林道間隔) 및 임도밀도(林道密度) -)

  • Cha, Du Song;Cho, Koo Hyun
    • Journal of Korean Society of Forest Science
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    • v.83 no.3
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    • pp.299-310
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    • 1994
  • This study was carried out to examine the optimal road spacing and road density to minimize the total harvesting cost(road construction cost plus yarding cost) for mechanized yarding system to roadside by one - and two-stage two-way in Forestry build-up region. Chunchon-kun, Kangwon-do. The estimated road construction costs were ranged from ten million won to sixty million won per km. The results have indicated that cable crane was appropriate for yarding machine by one-stage, two-way, and estimated optimal road spacing was 1,698m~4,192m, averaged 3,087m, and road density was 3.44m/ha~8.44m/ha, and averaged 5. 12m/ha. In hilly terrain, combination of medium yarder and Logging bogie was suited to yarding machine by two-stage, two-way, and calculated optimal road spacing was 1,483m~3,481m, averaged 2,589m, and road density was 4.05m/ha~9.46m/ha, averaged 5.90m/ha. In steep terrain, combination of medium yarder and jinsung winch was suited, and estimated optimal road spacing was 1,693m~3,982m, averaged 2,960m, and road density was 3.68m/ha~8.64m/ha, averaged 5.38m/ha.

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Estimation of Water Leak Rate in the Underground Oil Storage Cavern (지하 원유 저장공동에서의 누수량 산정에 대한 연구)

  • Shim, Hyun-Jin;Park, Tae-Jun;Jeong, Woo-Cheol;Kim, Ho-Yeong;Choi, Young-Tae
    • Tunnel and Underground Space
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    • v.20 no.4
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    • pp.233-240
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    • 2010
  • Double Plug is constructed for preventing mixing of two different oils between two compartments in the underground oil storage cavern. And the gas and oil tightness of double plug is tested from the measurement of water leakage from double plug after the completion of double plug water filling. If water leakage is underestimated, it can increase construction cost and if water leakage is overestimated, it can increase operating cost. Therefore, optimum water leakage should be estimated to cut down the cost. In this study, hydraulic stability analysis was conducted to consider permeable properties of rock mass around double plugs and a water leak rate from double plug was estimated from the hydraulic stability analysis and case study. Finally, the reliability of estimation of water leak rate was proven by comparing estimated water leak rate with measured data.

Development of Approximate Cost Estimate Model for Aqueduct Bridges Restoration - Focusing on Comparison between Regression Analysis and Case-Based Reasoning - (수로교 개보수를 위한 개략공사비 산정 모델 개발 - 회귀분석과 사례기반추론의 비교를 중심으로 -)

  • Jeon, Geon Yeong;Cho, Jae Yong;Huh, Young
    • KSCE Journal of Civil and Environmental Engineering Research
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    • v.33 no.4
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    • pp.1693-1705
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    • 2013
  • To restore old aqueduct in Korea which is a irrigation bridge to supply water in paddy field area, it is needed to estimate approximate costs of restoration because the basic design for estimation of construction costs is often ruled out in current system. In this paper, estimating models of construction costs were developed on the basis of performance data for restoration of RC aqueduct bridges since 2003. The regression analysis (RA) model and case-based reasoning (CBR) model for the estimation of construction costs were developed respectively. Error rate of simple RA model was lower than that of multiple RA model. CBR model using genetic algorithm (GA) has been applied in the estimation of construction costs. In the model three factors like attribute weight, attribute deviation and rank of case similarity were optimized. Especially, error rate of estimated construction costs decreased since limit ranges of the attribute weights were applied. The results showed that error rates between RA model and CBR models were inconsiderable statistically. It is expected that the proposed estimating method of approximate costs of aqueduct restoration will be utilized to support quick decision making in phased rehabilitation project.

MULTIPLE LINEAR REGRESSION APPROACH FOR PRODUCTIVITY ESTIMATION OF BULLDOZERS

  • Abbas Rashidi;Hoda Rashidi Nejad;Amir H. Behzadan
    • International conference on construction engineering and project management
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    • 2009.05a
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    • pp.1140-1147
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    • 2009
  • Productivity measurement of construction machinery is a significant issue faced by many contractors especially those involved in earthwork projects. Traditionally, equipment production rate has been estimated using data available in manufacturers' catalogues, results of previous construction projects, or personal experience and assessments of the site personnel. Actual production rates obtained after the completion of a project demonstrate the fact that most of these methods fail to provide accurate results and as a direct consequence, may lead to unrealistic project cost estimations prepared by the contractors. What makes this more critical is that in most cases, inadequate cost estimations lead the entire project to exceed the initial budget or fall behind the schedule. In this paper, a linear regression method to estimate bulldozer productivity is introduced. This method has been developed using SPSS-16 software package. The presented method is used to estimate the productivity of Komatsu D-155A1 series which is commonly used in many earthmoving operations in Iran. The data required for the numerical analysis has been collected from actual site observation and productivity measurement of 60 pieces of D-155A1 series currently being used in several earthmoving projects in Iran. Comparative analysis of the output data of the presented regression method and the existing productivity tables provided by the manufacturer shows that when compared to the actual productivity data collected on the jobsite, a significant increase in accuracy and a remarkable reduction of data variance can be achieved by using the presented regression method.

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Economic analysis of irrigation facilities for securing water for field crops

  • Hyung Jin Shin;Jae Young Lee;Jae Nam Lee;Han Na Lee;Sang Hyeon Park;Bum Soo Shin;Sang Sun Cha;Se Myung Kwon;Jung Il Seo;Chan Gi Park
    • Korean Journal of Agricultural Science
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    • v.50 no.4
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    • pp.785-798
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    • 2023
  • Considering irrigation facilities are currently insufficient and drought vulnerability due to climate change is high, efficient measures are required to secure water supply for field crops. This study, therefore, calculated the water shortage to secure water for representative field crops. An economic analysis was further conducted by comparing the production income to the input cost for each method. Here, five distinct regions were selected to represent each crop-Cheongyang-gun for chili peppers, Yesan-gun for apples, Dangjin-si for cabbages, Seosan-si for garlic, and Goesan for beans. The regions with insufficient water supply were estimated by calculating the water requirements and the supplied water from public groundwater wells for each area. A comprehensive set of four scenarios was presented as a strategy to ensure water security and manage irrigation facilities. These scenarios comprised the maintenance of existing groundwater wells, the construction of new water storage tanks, the installation of additional groundwater wells, and the utilization of surface water. B/C (benefit/cost) analysis was conducted for each scenario. As a result, the construction of water storage tanks was selected as a facility and water management plan in Cheongyang-gun, Dangjin-si, and Seosan-si. The analysis additionally indicated the economic viability of installing surface water utilization facilities in Yesan-gun and developing water storage tanks and groundwater (aquifer) wells in Goesan-gun. The results of this study are considered to serve as foundation data that may be utilized in the selection of water management plans for drought-prone areas in the future.

Economic analysis of jeju offshore pilot run wind farm by sensitivity analysis (민감도 분석을 적용한 제주 연안 풍력단지 설계의 경제성 분석)

  • Lee, K.H.;Park, J.H.;Jin, J.W.;Kwon, K.R.;Choi, K.H.
    • Journal of Power System Engineering
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    • v.16 no.5
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    • pp.13-19
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    • 2012
  • In this paper, the offshore wind farms have been designed by using WindPRO with the help of real wind data measurements at Jeju Costal area by calculating the annual energy production for exact economic evaluation. In order to achieve benefit of wind farm, the annual revenue for power generation have been calculated with SMP and REC value. And construction cost has derived from the real wind farm project case. Also O&M cost has been estimated by OMCE (Operating & Maintenance Cost Estimator) to get accurate cost of wind farm. Economic evaluation of wind farms have been performed by comparing above parameters. In addition, sensitivity analysis calculating the effect of these factors has also been carried out.

A System Dynamics Model for Evaluation of Maintenance Cost Policy in Deteriorated School Building (노후 학교건물의 유지관리비용 정책 평가를 위한 시스템 다이내믹스 모델)

  • Kang, Suhyun;Kim, Sangyong
    • Journal of the Architectural Institute of Korea Structure & Construction
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    • v.35 no.12
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    • pp.181-188
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    • 2019
  • The maintenance of school building is pivotal issue. However, it is difficult to obtain basic analysis data for LCC(Lifecycle Cost) analysis and maintenance planning of school building. Therefore, this study proposed System Dynamics(SD) techniques to make maintenance decisions for school building. The interaction between the major parameters related to the aging of a building, maintenance activities, and cost were expressed in Causal Loop Diagram. Based on this, the formula for the relationship between causal maps was defined and converted to Stock and Flow Diagram. Through the completed SD model the 50-year plan of 214 educational building were tested by considered in account budget, maintainability, and budget allocation opinions. As a result, the integrated SD model demonstrated that it can support strategic decision making by identifying the status class and LCC behavior of school buildings by scenario. According to the scenario analysis, the rehabilitation action of preventive maintenance that primarily repairs the buildings in condition grade C showed the best performance improvement effect relative to the cost. Therefore, if the proposed SD model is expanded to consider the effects of other educational policies, the crucial performance improvement budget can be estimated in the long-term perspective.

ESTIMATING COSTS DURING THE INITIAL STAGE OF CONCEPTUAL PLANNING FOR PUBLIC ROAD PROJECTS: CASE-BASED REASONING APPROACH

  • Seokjin Choi;Donghoon Yeo;Seung H. Han
    • International conference on construction engineering and project management
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    • 2009.05a
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    • pp.1183-1188
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    • 2009
  • Estimating project costs during the early stage of conceptual planning is very important when deciding whether to approve the project and allocate an appropriate budget. However, due to greater uncertainties involved in a project, it is challenging to estimate costs during this initial stage within a reasonable tolerance. This paper attempts to develop a cost-estimate model for public road projects under these circumstances and limitations. In the conceptual planning stage of a road project, there is only limited information for cost estimation, for example, such input data as total length of the route, origin and destination, number of lanes, general geographic characteristics of the route, and other basic attributes. This implies that the model should individuate suitable but restricted information without considering detailed features such as quantity of earthwork and a detailed route of a given condition. With these limited facts, this paper applies a case-based reasoning (CBR) method to solve a new problem by deriving similar past problems, which in turn is used to estimate the cost of a given project based on best-fitted previous cases. To develop a CBR cost-estimate model, the authors classified 8 representative variables, including project type, the number of lanes, total length, road design grades, etc. Then, we developed the CBR model, primarily by using 180 actual cases of public road projects, procured over the last decade. With the CBR model, it was found that the degree of error in estimation can be reasonably reduced, to below approximately 30% compared to the final costs estimated upon the completion of detailed design.

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