• Title/Summary/Keyword: House Construction Projects

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Using the Binomial Option Pricing Model for Strategic Sales of CER's to Improve the Economic Feasibility of CDM projects (이항옵션가격 모형을 활용한 CER 판매전략 구축과 이를 통한 CDM 사업 수익성 향상 방안에 관한 연구)

  • Koo, Bonsang;Park, Jong-Ho;Kim, Cheong-Woon
    • Korean Journal of Construction Engineering and Management
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    • v.15 no.1
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    • pp.111-121
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    • 2014
  • The Clean Development Mechanism (CDM) allows New & Renewable Energy projects to make additional income by selling CER's, which represent the amount of Green House Gases(GHG) that is reduced in the project. However, forward contracts used to hedge fluctuating market prices does not allow projects to sell CER's at a premium. As an alternate approach to maximize CER revenue, CER's are modeled as a 'real option', in which CER's are sold only above the desired sales price. Using the Binomial Option Pricing model, the resultant lattices are used to determine whether to sell, defer or abandon the option at individual nodes. Overlaying Pascal's Triangle on the lattices also enabled the calculation of the annual probabilities for deferring CER sales without incurring downside losses. Application to an actual Landfill Gas project showed increased overall NPV, and that CER sales could be deferred at a maximum of 2 years. The proposed framework allows transparency in the analysis and provides valuable and strategical information when making investment decisions related to CER sales of CDM projects.

Development of the Quality Inspection and A/S Management System Using Information Technology (정보기술을 활용한 공동주택 품질점검 및 A/S관리 시스템의 개발)

  • Oh Se-Wook;Jang Jong-Moon;Jeong Myung-Hoon;Kim Young-Suk;Ok Chi-Ul
    • Proceedings of the Korean Institute Of Construction Engineering and Management
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    • autumn
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    • pp.559-564
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    • 2003
  • Recently, quality inspection and A/S management have been considered as one of the major issues for satisfying customers, increasing competitiveness and raising image of a company in domestic construction industry. However, the qualify inspection and A/S management have not performed systematically because of insufficient field managers, the excessive amount of documents and complicated work process. The primary objective of this study is to propose a quality inspection and A/S management system using information technology which enables field managers to efficiently gather the information of defection and A/S in apartment house. It is anticipated that the effective use of the proposed system would be able to improve communication among the related participants and systematically accumulate data that might be used in similar construction projects.

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A Study on Investigation and Analysis of Photovoltaic Facilities for Building -Application in Jecheon Area- (건물적용 태양광 발전시설 실태 조사.분석에 관한 연구 - 제천지역을 중심으로 -)

  • Yun, Doo-Young;Kim, Jun-He;Yoo, Dong-Cheol;Lee, Eung-Jik
    • 한국태양에너지학회:학술대회논문집
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    • 2012.03a
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    • pp.354-359
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    • 2012
  • With the long-term use of fossil fuel, the whole world is suffering from serious abnormal changes in weather caused by global warming. For this reason, many countries are reducing greenhouse gas emissions out of obligation and the allowable emissions are assigned to each country. Korea is also putting much effort into reducing greenhouse gas emissions by 30 percent against BAU(Business As Usual) by 2020, and is pushing ahead with several projects such as 'Million Green Home' and 'Hatsal Gaduk Home' to expand the use of new renewable energy in house as part of its policy. This study was designed to come up with improvements and help to expand photovoltaic facilities, by investigating and analyzing the current state of photovoltaic facilities in the country and problems in installing them through an in-site reconnaissance and a survey in Jecheon area. As the result, it was found that residents in the area were inadequate to operate and install photovoltaic facilities, lacked awareness of them and felt burdened economically by managing and installing them, although they had a high awareness of solar energy and photovoltaic facilities are constantly increasing with governmental support. In conclusion, it is considered that as improvements, operational effects should be increased through development of techniques, factors to reduce the effects in operating them due to insufficient management and installation should be removed and awareness of residents need to be improved through long-term plans, political support and education of the government.

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Development and Implementation of a Low-noise and Safe Dismantling Method for Full-Span Aluminum Slab Formwork Supported by Filler Supports (필러겸용 스포터로 지지되는 전구간 알루미늄 슬래브 거푸집의 저소음 안전낙하 공법개발 및 적용연구)

  • Lim, Nam-Gi
    • Journal of the Korea Institute of Building Construction
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    • v.24 no.2
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    • pp.261-271
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    • 2024
  • The widespread adoption of aluminum slab formwork in modern construction, evident in both domestic and international projects, offers numerous advantages. However, a critical challenge persists regarding the dismantling process for these slabs. The current industry standard involves dropping the slabs to the ground floor upon removal. This practice raises several concerns, notably the generation of significant noise pollution that disrupts nearby communities. More importantly, the risk of worker injuries due to falls from height during the dismantling process is a serious safety hazard. Additionally, the impact from dropping the slabs can damage the aluminum itself, leading to increased replacement costs. These drawbacks necessitate the exploration of alternative dismantling techniques that prioritize worker safety, material sustainability, and overall process efficiency. Accordingly, in this study, when the entire first-generation slab formwork of an apartment house is simultaneously lowered to a reachable position for workers, it is then disassembled and lifted for transport to the next floor. This approach has the potential to demonstrate improvements in safety, quality, economy, and process efficiency.

An Optimization Algorithm of Gypsum Board Loss for Wall Finishing in Modular Construction System (모듈러건축 벽체마감 석고보드 손실 최적화 알고리즘 개발)

  • Lee, Dong-Min;Chin, Sangyoon
    • Korean Journal of Construction Engineering and Management
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    • v.15 no.1
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    • pp.101-110
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    • 2014
  • The ministry of Land, Infrastructure and Transport announced that they launched the pilot project to offer Happy House built with modular construction as part of the major projects of incumbent government in 2013. The market size of modular construction is getting increasingly enlarged together with strong will of government. The major challenges that current modular construction encounters can be summed up as lack of standardization of material on the stage of design and fabrication. The portion of material costs in modular construction marks 16 to 17% higher than the existing other construction method, and account for 60 % of total construction cost, which is why material management is the most important factor. However, the imperfect standardization and specification on design causes high loss of materials on fabrication, which makes the construction wastes and total construction cost increasing in accordance with the increase of material costs. This study has been conducted to verify major modules by developing optimization algorithm on gypsum board material among wall finishing materials. It is expected that this paper contributes not only to eco-friendly construction by minimizing the waste factors of materials through these efforts, but also to removing high cost issues which had been recognized as a setback of current modular construction.

An Analysis on the Actual Condition of Indoor Air Quality in Rural House (농촌지역 노후주택의 실내공기환경 실태분석 연구)

  • Park, Roun;Cho, Sukyeong;Kim, Sangbum
    • Journal of the Korean Institute of Rural Architecture
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    • v.22 no.2
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    • pp.9-17
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    • 2020
  • The ratio of the deterioration housing in rural area was 29.6%, but it was 18.3% in urban area based on a 2018 survey. In consideration of the point, this study aims to analyze the actual condition of indoor air quality in rural houses to provide basic data for improving the indoor air environment. It was investigated 15housings of Hongseong-gun, Chungchengnam-do. To investigate the correlation between indoor air quality and housing type, both the field survey of housing type and precision diagnosis of concentration of indoor air pollutants such as HCHO, TVOC, Fine dust(PM-10, PM-2.5), CO2, Radon. The results of this study are as follows. First, according to the average value of each element of rural old housing, the construction year was distributed in 1939~2004, and 12households(80%) living in houses older than 30years have passed for about 46years. As for the housing area, more than 12houses(80%) of 60㎡ or more and 3 houses (20%) of less than 60㎡ were often living in relatively small-scale housing. Second, as a result of measuring indoor air pollutants in rural houses, substances exceeding the standard values were found in HCHO, TVOC, CO2. Third, in the case of Fine dust and Radon, none of such factors were exceeded the standard. Fourth, there was no significant difference in indoor air quality depending on housing type in rural houses. This paper is expected to contribute to the regional development projects and effective implementation of rural policies.

Characteristics and case study of Low Carbon Green City planning from the perspective of Urban Metabolism (도시 신진대사 관점에서 본 저탄소 녹색도시 계획특성 및 사례 분석)

  • Choi, Joung-Eun;Kim, Jong-Kon;Oh, Deog-Seong
    • KIEAE Journal
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    • v.11 no.5
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    • pp.3-12
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    • 2011
  • Industrialization and development of technology satisfied various humanly needs and lay the basis of numerous benefit and profit. New technologies like these mostly required large amounts of fossil Fuel, Fossil energy depletion rate was increasing rapidly. However, technical development for Human race required absolute sacrifice of the environment. Especially, 'City' which had been focused as stage of human activities, allowed to continue to have fossil energy dependent activities, and it shows in many data that the city is responsible for the 75-80% of the green house gas by human. In order to solve the problem relating climate changes and energy, European countries already made progress studies on many of the low carbon green city and pilot case construction. Especially, Germany, Austria, Holland, Sweden who had been playing leader role on environmental awareness and ecological concept, are actively constructing low carbon green city project based on Ecological city planning scheme. These projects positively utilize planning scheme that limits carbon emission using Urban Metabolism concept. Therefore, throughout this study, I would like to present planning and direction of future domestic low carbon green city by analyzing theories relative theories and best practices in Europe.

A Study on LEED v3(2009) Sustainable Neighborhood Development - Focused on LEED for Neighborhood Development (LEED v3(2009)에서의 친환경 단지 개발에 관한 연구 - LEED for Neighborhood Development를 중심으로)

  • Ahn, Dong-Joon
    • KIEAE Journal
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    • v.11 no.3
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    • pp.11-18
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    • 2011
  • Sustainability became the keyword of our society worldwide, and it is undoubtful that buildings are mainly responsible for green house gas emission and energy consumption. Responding to current needs, US Green Building Council has launched the first LEED rating system in 1998. Since then, LEED has been evolved and it has multiple sub-system categorized by project types. This study aims to analyze characteristics of sustainable neighborhood development and to suggest methodology for establishing certification system in Korea. First, LEED-ND 2009(LEED for Neighborhood Development) was addressed with certified projects by US Green Building Council. After that, LEED-NC 2009(LEED for New Construction) was compared with green building certification criteria in Korea to find out unforeseen aspects by each system, in terms of sustainable neighborhood development. As a result of this study, sustainable neighborhood development requires a transition of architects' responsibility beyond building design. Building technology has been advanced at extremely fast pace, however, applying techniques to individual architecture would not make our town sustainable. This study provided basic resources to understand that creating sustainable neighborhood is social phenomenon and more studies should be undertaken to establish Green Neighborhood Certification Criteria in Korea.

Analysis Methodology for Feasibility Study of Remodeling of Aged Apartment by Comparative Analysis of Price Influencing Factors (가격 영향요인 비교분석을 통한 노후 공동주택 맞춤형 리모델링의 사업성 분석 방법론 제안)

  • Bae, Byungyun;Kim, Kyungrai;Shin, Dongwoo;Cha, Heesung
    • Korean Journal of Construction Engineering and Management
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    • v.18 no.6
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    • pp.47-56
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    • 2017
  • As of 2017, there are 848 million households living in apartment and 55.87% of Aged apartments over 15 years old. The allowable standard for remodeling the apartment is more than 15 years and the market for remodeling the apartment will continue to increase. For the success of the remodeling project feasibility analysis is important but the existing feasibility analysis of new construction and reconstruction is being used for remodeling feasibility analysis. Therefore, it is necessary to study the feasibility analysis of customized remodeling without increasing the number of households according to the building law. Purpose of this paper is to develop a feasibility analysis methodology for customized remodeling projects by deriving the factors affecting the formation of land prices and building prices in apartment. According to the concept of price formation of the apartment, the analysis method of the customized remodeling of the old apartment using the factors affecting the Land Price Indexes, Officially Assessed Individual Land Price, House Price Indexes, and Officially Assessed Individual House Price was suggested. The Stair Price Algorithm developed in this research can be utilized at the stage of selecting remodeling contractors after the remodeling housing association is established.

Development of Estimation System for Housing Remodeling Cost through Influence Analysis by Design Elements (설계요소별 영향분석을 통한 공동주택 리모델링 공사비개산견적 산출 시스템 개발)

  • Kim, Jun;Cha, Heesung
    • Korean Journal of Construction Engineering and Management
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    • v.19 no.6
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    • pp.65-78
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    • 2018
  • In As urban apartment are aging, the necessity of reconstruction or remodeling to extend the life of buildings is increasing. In such a case, a co-housing association is formed to implement decisions on reconstruction or remodeling projects. At this time, the most important thing for the co-housing association is the business feasibility based on the input of the construction cost.In the case of reconstruction, it is possible to estimate the construction cost by using the accumulated construction cost data, and then evaluate the feasibility using the construction cost. However, in case of remodeling, it is difficult to calculate the accurate construction cost because the number of accumulated construction cost data is small. In addition, non-specialist clients often require estimates of various design factors, often negatively impacting the accuracy of estimates and the duration of estimates. Therefore, in this study, proposed method to reflect the opinion of the owner who is a non-expert, as a design element, and a method of calculating the expected construction cost according to the design element, and constructed this system so that it can be easily used by the non-specialist owner. In order to clearly reflect the requirements of the non-specialist owner in the estimates, extracts the design elements from the existing remodeling cases, classify them, and suggest a plan for the client to choose. In order to reflect the design factors to the estimates, the existing apartment house remodeling cases were investigated and the design factors were extracted to have a large effect on the construction cost. Finally, developed system based on MS Excel so that the above contents can be easily used by a non-specialist client. In order to verify the accuracy of the proposed estimate in this study, verified the accuracy of 80% of the results by substituting the case of remodeling quotations and obtained a positive result from the questionnaire survey to examine the ease of use of the non-specialist customer. In this study, propose an estimate estimation method using four cases. If the remodeling cases are accumulated continuously, the expected effect of this study will be higher.