• Title/Summary/Keyword: Historical Cost Data

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Cost Prediction Model for Building Demolition Work by Using Regression Analysis (회귀분석을 이용한 건축물 해체공사비 예측모델)

  • Kim, Taehoon;Kim, Young Hyun;Cho, Kyuman
    • Journal of the Korea Institute of Building Construction
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    • v.21 no.2
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    • pp.105-112
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    • 2021
  • While the scale of the domestic market for demolition work is steadily increasing, research on cost prediction for demolition work is insufficient. Thus, this study proposes a cost prediction model for demolition work that reflects various attributes influecing the fluctuation of demolition cost. 13 influencing factors and historical cost data were collected based on literature review and experts' advice, and two prediction models were constructed through regression analysis and the prediction accuracy was evaluated. As a result, it showed an average error rate of about 6 to 12%, and it was possible to explore the possibility of use as a reliable prediction model. The results of this study can contribute to estimating appropriate construction cost and improving related standards for domestic demolition works in the future.

Evaluation of Reasonableness of the Recommended Spraying Amount Equation for De-icing Chemicals (도로 제설제 권장 살포량 산정식의 적정성 평가)

  • Kim, Jin Guk;Yang, Choong Heon
    • International Journal of Highway Engineering
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    • v.19 no.4
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    • pp.9-18
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    • 2017
  • PURPOSES : This study evaluates the reasonableness of the recommended amount of deicing chemicals based on historical data for snow removal. The result can be used to aid decision-making for the reservation of cost-effective de-icing chemicals. METHODS : First, the recommended amount of de-icing chemical to use and historical usage data were evaluated to identify specific usage characteristics for each region. Road maintenance length and snow-removal working days were analyzed over the past five winter seasons. Next, differences in the recommended amount of chemical to use and actual use were compared using the Kolmogorov-Smirnov test. Last, the two types of data were analyzed using a chi-square test to verify if the two distributions of variation pattern are statistically significant. We found that there are significant differences between the data from each region during the past five winter seasons. RESULTS : The results showed that the equation for calculating the amount of de-icing chemical to use appears to be revised. CONCLUSIONS : The results imply that the equation for calculating the amount of de-icing chemical to apply as a national standard is very important when the public agency makes decisions related to snow-removal.

Development on Repair and Reinforcement Cost Model for Bridge Life-Cycle Maintenance Cost Analysis (교량 유지관리비용 분석을 위한 대표 보수보강 비용모델 개발)

  • Sun, Jong-Wan;Lee, Dong-Yeol;Park, Kyung-Hoon
    • Journal of the Korea Academia-Industrial cooperation Society
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    • v.17 no.11
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    • pp.128-134
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    • 2016
  • Estimating the repair and reinforcement (R&R) costs for each bridge member is essential for managing the life cycle of a bridge using a bridge management system (BMS). Representative members of a bridge were defined in this study, and detailed and representative R&R methods for each one were drawn in order to develop a systematic maintenance cost model that is applicable to the BMS. The unit cost for each detailed R&R method was established using the standard of estimate and historical cost data, and a systematic procedure is presented using an integration program to enable easy renewal of the R&R unit cost. Also, the average unit cost of the representative R&R methods was calculated in the form of a weighted average by considering the unit cost and application frequency of each detained R&R method. The appropriateness of the drawn average unit cost was reviewed by comparing and verifying it with the previous historical unit cost. The suggested average R&R unit cost can be used to review the validity of the required budget or the appropriateness of the R&R performance cost in the stage to establish the bridge maintenance plan. The results of this study are expected to improve the reliability of maintenance cost information and the rationality of decision making.

Integrated Simulation Modeling of Business, Maintenance and Production Systems for Concurrent Improvement of Lead Time, Cost and Production Rate

  • Paknafs, Bahman;Azadeh, Ali
    • Industrial Engineering and Management Systems
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    • v.15 no.4
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    • pp.403-431
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    • 2016
  • The objective of this study is to integrate the business, maintenance and production processes of a manufacturing system by incorporating errors. First, the required functions are estimated according to the historical data. The system activities are simulated by Visual SLAM software and the required outputs are obtained. Several outputs including lead times in different dimensions, total cost and production rates are computed through simulation. Finally, data envelopment analysis (DEA) is utilized in order to select the best option between the defined scenarios due to the multi-criteria feature of the problem. This is the first study in which the lead times, cost and production rates are simultaneously considered in the integrated system imposed of business, maintenance and production processes by incorporating errors. In the current study, the major bottlenecks of the system being studied are identified and suggested different strategies to improve the system and make the best decision.

Economical selection of optimum pressurized hollow fiber membrane modules in water purification system using RbLCC

  • Lee, Chul-sung;Nam, Young-wook;Kim, Doo-il
    • 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.

Cost-optimal Preventive Maintenance based on Remaining Useful Life Prediction and Minimum-repair Block Replacement Models (잔여 유효 수명 예측 모형과 최소 수리 블록 교체 모형에 기반한 비용 최적 예방 정비 방법)

  • Choo, Young-Suk;Shin, Seung-Jun
    • Journal of Korean Society of Industrial and Systems Engineering
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    • v.45 no.3
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    • pp.18-30
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    • 2022
  • Predicting remaining useful life (RUL) becomes significant to implement prognostics and health management of industrial systems. The relevant studies have contributed to creating RUL prediction models and validating their acceptable performance; however, they are confined to drive reasonable preventive maintenance strategies derived from and connected with such predictive models. This paper proposes a data-driven preventive maintenance method that predicts RUL of industrial systems and determines the optimal replacement time intervals to lead to cost minimization in preventive maintenance. The proposed method comprises: (1) generating RUL prediction models through learning historical process data by using machine learning techniques including random forest and extreme gradient boosting, and (2) applying the system failure time derived from the RUL prediction models to the Weibull distribution-based minimum-repair block replacement model for finding the cost-optimal block replacement time. The paper includes a case study to demonstrate the feasibility of the proposed method using an open dataset, wherein sensor data are generated and recorded from turbofan engine systems.

A study on the estimate of construction management cost for public construction project in the CM for fee contract (정부공사 건설 사업관리 용역의 대가 산정에 관한 연구)

  • Chung J.-Young;Yoon Tae-Kwon
    • Journal of the Korea Institute of Building Construction
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    • v.6 no.3 s.21
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    • pp.115-122
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    • 2006
  • This study is aimed to get clear model for CM fee level in public construction project. For the practical use and main target, CM for fee contract only is assessed and analysed. Cost estimate by percentage of total contract sum and method based on the historical construction data have significant deficiency. An regression model and probabilistic model are suggested with 9 independent variables. In the case of limited work scope, an element based floor area model is suggested and concluded with fish-bone scheme.

Conceptual Cost Estimation Model Using by a Parametric Method for High-speed Railroad (매개변수기법을 이용한 고속철도 노반공사의 개략공사비 예측모델)

  • Lee, Young Joo;Jang, Seong Yong
    • KSCE Journal of Civil and Environmental Engineering Research
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    • v.31 no.4D
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    • pp.595-601
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    • 2011
  • There is currently applied to the unit cost per a distance (KRW/km) for estimating the conceptual cost of civil work on basic planning stage of high speed railroad. This unit cost is an arithmetic average value based on historical data, which could be in big error. It also is difficult to explain the deficiency comparing the estimated cost derived from next basic design stage. This study provides the conceptual estimation model using by the parametric method and regression analysis. Independent variables are the distance and the geological materials (earth, weathered rock, soft-rock, hard-rock), extracting from the actual data to 36 contracts. The deviation between the unit costs estimated using the developed model and the actual cost data is presented in the range from -0.4% to +31%. This range is acceptable compared the typical range "-30% to + 50%". This model will improve the accuracy of existing method and be expected to contribute to effective total cost management and the economic aspects, reduce the financial expenditure.

A Study of Landscape Construction Work Classification for System Instruction of New Estimation System based on Historical Construction data. - With regard to Housing Landscape Construction - (실적공사비 적산방식 도입을 위한 조경공사 공종분류체계에 관한 연구 -주택단지 조경공사를 중심으로-)

  • 박원규;김두하;안동만
    • Journal of the Korean Institute of Landscape Architecture
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    • v.25 no.1
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    • pp.82-99
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    • 1997
  • The purpose of this study is to establish work classification system of landscape construction in order to offer the basis of new estimation system of public landscape construction. New estimation system is based on historical construction data. For application of this system, the standard work classification system is necessary. Because extensive cost data should be accumulated under an unified construction work classification system. In the study of new estimation system carried by KICT(Korea Institute of Construction Technology), landscaping works belong to earth work of civil engineering. It looks very unreasonable work classification, because landscape archtecture has its own specialties and professional domain. In this study, information classification systems in the construction industry and various landscaping works of housing developments are analysed. As a result. a standard work classification system of housing landscape construction is proposed in section VI-3. This standard work classification structure consists of three levels divisions (i.e large work division, middle work division, small work division) . Now in this study, housing landscape construction works are divided into four large works and twenty six middle works. According to work attributes, middle and small work division is possible to subdivide into details.

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Unified Reliability and Its Cost Evaluation in Power Distribution Systems Considering the Voltage Magnitude Quality and Demand Varying Load Model (전압 크기의 품질 및 전력수요 변동모델을 고려한 배전계통의 통합적인 신뢰도 및 비용 평가)

  • Yun, Sang-Yun
    • The Transactions of the Korean Institute of Electrical Engineers A
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    • v.52 no.12
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    • pp.705-712
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    • 2003
  • In this paper, we propose new unified methodologies of reliability and its cost evaluation in power distribution systems. The unified method means that the proposed reliability approaches consider both conventional evaluation factor, i.e. sustained interruptions and additional ones, i.e. momentary interruptions and voltage sags. Because the three voltage quality phenomena generally originate from the outages on distribution systems, the basic and additional reliability indices are summarized considering the fault clearing mechanism. The proposed unified method is divided into the reliability evaluation for calculating the reliability indices and reliability cost evaluation for assessing the damage of customer. The analytic and probabilistic methodologies are presented for each unified reliability and its cost evaluation. The time sequential Monte Carlo technique is used for the probabilistic method. The proposed DVL(Demand Varying Load) model is added to the reliability cost evaluation substituting the average load model. The proposed methods are tested using the modified RBTS(Roy Billinton Test System) form and historical reliability data of KEPCO(Korea Electric Power Corporation) system. The daily load profile of the each customer type in domestic are gathered for the DVL model. Through the case studies, it is verified that the proposed methods can be effectively applied to the distribution systems for more detail reliability assessment than conventional approaches.