• Title/Summary/Keyword: Estimated Construction Cost

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Economic Efficiency of the Korean Container Terminals: A Stochastic Cost Frontier Approach

  • Seokwoo Jake Choi;Gi-Su Kim;BoKyung Kim
    • Journal of Korea Trade
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    • v.26 no.3
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    • pp.23-44
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    • 2022
  • Purpose - Recent issues such as vessel enlargement, strengthening of environmental regulations, and port smartization are expected to increase costs and intensify competition in the port industry. In the new normal era, when external growth has reached its limit, the efficient operation of ports is becoming indispensable for achieving sustainable growth. This study aims to identify the determinants of inefficiency by examining the cost structure and efficiency of container terminals in Korea and furthermore propose the political implications to derive the maximization of efficiency. Design/methodology - This study estimates the cost function of container terminal operators and identifies the efficiency of container terminals using stochastic cost frontier (SCF) in the first stage. In the second step, the SCF results are compared with the data envelopment analysis (DEA). Last, this paper proposes efficiency determinants on container terminal operation to establish appropriate strategies. Out of the 29 container terminal operators in South Korea, 13 operators participated in the survey. The translog cost function was estimated utilizing a total of 116 observations collected over the 2007-2017 period. Findings - Empirical analysis shows that economies of scale exist in Korea's container ports, which provides a rationale for the government's policy to establish the global terminal operator by integrating small terminal operators to enhance competitiveness. In addition, as a result of the determinants analysis, container throughput, weight of direct employment costs, and labour cost share have positive effects on improving cost efficiency, while inefficiency increases as the length of quay increases. More specifically, cost efficiency improves as the proportion of direct employment costs to outsourcing service costs increases. Originality/value - This study contributes to analyzing the inefficiency factors of container terminals through efficiency analysis with respect to a cost function. In addition, this study proposes the practical and political implications, such as establishing a long-term manpower pool, the application of the hybrid liner terminal system, and the construction of a statistical data system, to improve the cost inefficiency of terminal operators.

Analysis on Construction Clients' Role for Safety and Health Management in Plan, Design, and Construction Stage (건설공사 발주자의 계획, 설계, 공사단계 안전보건관리 역할 분석)

  • Lim, Se Jong;Jeong, Seong-choon;Na, Ye Ji;Won, Jeong-Hun
    • Journal of the Korean Society of Safety
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    • v.35 no.3
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    • pp.24-31
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    • 2020
  • The duty of construction clients in WSH (Workplace Safety and Health) system was included in the amendment of Occupational Safety and Health Act (enforced on 16 January 2020), which was estimated the shift of paradigm in the prevention of construction accidents. The purpose of this paper is to introduce the analysis results of construction clients' role in the construction project, which were performed by authors over the recent years in order to impose the duty on construction clients, and to suggest their role according the plan, design, and construction stage. Utilizing the systematic literature review process based on Meta analysis, the related papers were selected. For the selected papers, related domestic and foreign regulations, and other prominent report, the construction clients' role was analyzed by reflecting the experts' advice. Results show that the construction clients should control the designer and contractor for implementing the WHS system during the whole process of the construction project. They should supply sufficient source and time to ensure the workers' safety. In the plan stage, the key role of construction clients is to identify intensively controlled hazard and risk reduction plan and to transfer the results. In the design stage, their key role is to select the designer with the capacity in WSH and to assist the designer for the safety design. The main key role of construction clients in the costruction stage is to select the contractor with specialty in WSH including a contract reflecting the WSH requirement and to check implementation of WSH plan, WSH cost, WSH education, and accident report. In addition, it is thought that the construction clients' participations in the site WSH activity and adjustment of safety and health problem among contractors can be effect in the prevention of construction accidents.

A Study on the Optimum Design Flowrate for Tunnel-Type Small Hydro Power Plants

  • Lee, Chul-Hyung;Park, Wan-Soon
    • Korean Journal of Hydrosciences
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    • v.3
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    • pp.81-96
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    • 1992
  • This study represents the methodology for feasibility analysis of small hydro power SHP plant. Cumulative density function of Weibull distribution and Thiessen method were adopted to decide flow duration curve at SHP candidate site. The perfomance prediction model and construction cost estimation model for tunnel-type SHP plant were developed. Eight tunnel -type SHP candidate sites existing on Han-river were selected and surveyed for actual site reconnaissance. The performance characteristics and economical feasibility for these sites were analyzed by using developed models. As a result, it was found that the optimum design flowrate with the lowest unit generation cost for tunel-type SHP candidate site were the flowrate concerming with between 20% and 30% of time ratio on the flow duration curve. Additionally, primary design specifications such as design flowrate, effective head, capacity, annual averageload factor, annual electricity production were estimated and discussed for eight surveyed SHP candidate sites.

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Feasibility Assessment of Small Hydro Power Plants Using Diversion Weirs for Agricultural Purpose (농업용 보를 이용한 소수력발전소의 타당성 분석)

  • Lee, Chul-Hyung;Park, Wan-Soon
    • 한국태양에너지학회:학술대회논문집
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    • 2011.04a
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    • pp.229-234
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    • 2011
  • Feasibility assessment for small hydropower plants using diversion weirs located in stream for agricultural purpose has been studied. The model, which can predict flow duration characteristic of stream, was developed to analyze the inflow caused from rainfall. And another model to predict hydrologic performance for small hydropower plants is established. Preliminary survey was performed identifying several candidate sites, and two sites were selected finally for actual site reconnaissance. During the course of site survey, generating capacity, construction and equipment cost, and payback through life time of each sites were calculated for economical feasibility analysis. The results of this study have estimated that the small hydropower plants using diversion weirs for agricultural purpose may offer better opportunities in future with increasing fuel cost and nation's energy policy.

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The Study on Development and Applicability of Shotcrete Shotting Test Machine (숏크리트 타설시험기 개발 및 적용성 검토)

  • Kang, Eun-Gu;Ma, Sang-Joon
    • Proceedings of the Korean Geotechical Society Conference
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    • 2010.09a
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    • pp.1333-1342
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    • 2010
  • It required excessive cost and effort to evaluate the quality of shotcrete mix for field test. Also, due to a myriad of field variables, it is difficult to get a standardized result for field test. And it is impossible to simulate the shotting process for indoor test. In this study, in order to overcome these problems, we developed a standardized Shotcrete Shotting Test Machine. Using this machine we performed shotcrete quality test and estimated the applicability of developed Shotcrete Shotting Test Machine by comparing with the results of field test.

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Case Study for Developing of Standard Process about Defect Consulting Work in Apartment Building (공동주택 하자감정업무 표준절차개발을 위한 사례분석)

  • Park, Jun-Mo;Seo, Deok-Seok
    • Proceedings of the Korean Institute of Building Construction Conference
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    • 2014.05a
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    • pp.158-159
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    • 2014
  • There is urgent for defect consulting work to standardize the investigated method, repaired and reinforced method, and estimated cost about defect in increasing a defect lawsuit of apartment building. For the purpose of developing the standard process of defect consulting work, the review that a used process in law and institution should take precedence. There is not prepared the national standard for defect consulting but is dependent on an experience and a practice of consultants. This study analyzes defect consulting case, defines main steps for developing the standard process, and draws phased work factors. As systemizing this, it is expected to apply to basic structure for developing the standard process of defect consulting work for the next.

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A Basic Study on the Evaluation Factor for Deteriorated Level of Rural House (농촌주택의 노후도 평가요소 도출을 위한 기초연구)

  • Park, Gil-Beom;Park, Jun-Mo;Kim, Ok-Kyue
    • Proceedings of the Korean Institute of Building Construction Conference
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    • 2014.11a
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    • pp.107-108
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    • 2014
  • The rural area has aged and depressed for urban area in Korea. Furthermore, the rural house has deteriorated and is vulnerable to disaster which collapse, fire, landslide, and so on. For this matter, it need to an evaluated system for deteriorated level of rural house. The evaluated system has a repairing method and an estimated cost for rural house to offer native in rural area. This study could draw evaluation factor for deteriorated level of rural house as a basic study for the evaluated system. The evaluation factors is compared the Korean housing performance grade indication system, the Korean green building certification criteria, and the Japanese housing performance indication system. As a result, they could eight types. There are a mothproof, an waterproof, a finishing material, an asbestos cement slate of roofing, a mobility right, an opening and closing of doors and windows, an indoor environment.

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Value Management of Private Finance Initiative Projects (민간투자사업을 위한 VE 적용방안)

  • Lim, Jong-Kwon;Kim, Seoung-Il
    • Proceedings of the Korean Institute Of Construction Engineering and Management
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    • 2006.11a
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    • pp.123-130
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    • 2006
  • Recently, Korean government promotes BTL(Build-Transfer-Lease) for their public construction project to apply private sector's experience and finance initiatives. Many of public buildings and civil infrastructure projects were planned to be delivered by BTL and it helps to continue public projects under tight budget conditions. Since the characteristics of BTL projects, creative ideas for the project function, performance and its LCC (Life Cycle Cost) become more important than usual public work project. This paper introduces the systematic "VE job Plan" application techniques for BTL project and shows the process. This study shows the application of "VE job Plan" for BTL project to help decision making and value improvement. Also, Project cost was estimated by LCC (Life Cycle Cost) analysis. Technical "FAST diagram"was developed and used to find major functions of the project. So, it helps to improve performance of functions and make creative ideas. FAST diagram also help to find relationships between functions and cost. A case study (Daegu Art Gallery BTL Project) was conducted using proposed "VE job Plan. Study demonstrates how value management helps save money and increase functional performance. Researcher found that project can save cost and improve performance of functions significantly by using appropriate VE analysis process at appropriate time.

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Analysis of Investment Effect on the Outdoor Swimming Pool Utilizing Reservoir's Amenity Resources (저수지 경관자원을 활용한 야외수영장 개발사업의 투자효과 분석)

  • Kwon, Yong-Dae;Hwang, Jun-Woo
    • Korean Journal of Agricultural Science
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    • v.34 no.1
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    • pp.85-97
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    • 2007
  • This study aimed at analyzing the economic effect of outdoor swimming pool investment using the reservoir's amenity resources. We focused on the identification of the amenity value of reservoir in the rural area and the economic evaluation for establishing This study aimed at analyzing the economic effect of outdoor swimming pool investment using the reservoir's amenity resources. We focused on the identification of the amenity value of reservoir in the rural area and the economic evaluation for establishing infrastructure such as swimming pool based on the reservoir's landscape value. To this end, we have conducted the case study on the outdoor swimming pool in connection with Go-Bok reservoir in Yeon-Gi county, Chungnam Province and estimated its income effect on the rural community by cost-benefit analysis method. The research results are as follows; 1) Outdoor swimming pool participants, with 11,581 visitors totaled to Yeon-gi county every year, was estimated to spend the worth of 58,446 thousand won paid for the agricultural product purchase and etc. 2) Internal rate return of the outdoor swimming pool project was estimated to 16.19%, which considered to be economically feasible comparing with 10% of current capital opportunity cost. Based on the results of this study, we suggest the following strategies for development of amenity value of swimming pool in connected with the reservoir; 1) Reservoir amenities should be well preserved even after construction of swimming pool lest losing amenity values while managing the facilities. 2) Measures to increase the marketing value of intangible reservoir's amenities through promotion should be established. 3) Effective program for more visitors with longer staying and more agricultural products sales should be designed.

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Developing Technology Influence Matrix to Support Decision-making for Long-life Housing Planning - Focused on Exclusive Housing Unit of Long-life Housing -

  • Song, Sanghoon;Bang, Jong-Dae;Park, Ji-Young
    • KIEAE Journal
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    • v.16 no.1
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    • pp.47-55
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    • 2016
  • Purpose: Long-life housing causes unavoidable cost increase while providing higher durability, flexibility, and repair easiness compare to those of normal apartment. The effectiveness should be evaluated considering the level of passing mandatory Long-life housing Certification System when supplying specific size of apartment complex. Thus, it is essential to identify the estimated costs and the obtainable grade by applying the optional element technologies selectively during the design phase. This study aimed to suggest the technology influence matrix(TIM) to support decision-making of element technologies in planning stage of long-life housing. Method: The technology influence matrix was established based on the property information about applicable element technologies for long-life housing such as construction methods, interface types, cost data, and certification-related characteristics. The usefulness of TIM was verified through case study, in which TIM was applied to the exclusive housing unit and the influences from four areas of quantity, cost, certification, and schedule were identified and calculated. Result: TIMs covering four areas representing the essential planning factors were developed, and are expected to contribute to sound decision-making in planning long-life housing.