• Korean Journal of Construction Engineering and Management
• /
• v.6 no.6 s.28
• /
• pp.133-141
• /
• 2005

In the resent years, the importance of VE (value engineering) and LCC (life cycle cost) analysis for apartment building construction projects has been fully recognized. Accordingly theoretical models, guidelines, and supporting software systems were developed for the value engineering and life cycle cost analysis for construction management including large building systems. However, the level of consensus on VE and LCC analysis results is still low due to the lack of reliable data on maintenance. This paper presents time dependent LCC model based value analysis method for rational investment decision making and design alternative selection for construction of apartment building. The proposed method incorporates a time dependent LCC model and a performance evaluation technique by fuzzy logic theory to properly handle the uncertainties associated with statistics data and to analyze the value of alternatives more rationally. The presented time dependent VE and LCC analysis procedure were applied to a real world project, and this case study is discussed in the paper. The model and the procedure presented in this study can greatly contribute to design value engineering alternative selection, the estimation of the life cycle cost, and the allocation of budget for apartment building construction projects.

• Korea Real Estate Review
• /
• v.28 no.2
• /
• pp.49-64
• /
• 2018

The purpose of this study is to analyze the effect of eco-friendly building certification grade on the price and cost of office in Seoul office building. For this purpose, multiple regression analysis is used to examine the prices of buildings. In order to identify the effect of environmental cost reduction of buildings with high eco-friendly certification, we also performed LCC (Life Cycle Cost) + LCA (Life Cycle Assessment) analysis. Results of our analysis show that office buildings with a higher level of eco-friendly certification are priced significantly higher. Through LCC analysis, it was also found that buildings with high levels of eco-friendly certification cost less than those with lower-level certification. Furthermore, it was confirmed that office buildings with higher-level environmental certification have total lower environmental load costs (TCA = LCC+LCA) than buildings without certification. According to the TCA analysis, buildings with a high level eco-certification generated lower social costs than buildings with lower-level or no certification.

• KIEAE Journal
• /
• v.12 no.1
• /
• pp.105-112
• /
• 2012

When a building is planned and designed, the design should be able to minimize the cost during the whole life cycle of the building. This study has begun to analyze LCC about the alternative design which is applicable to renewable energy facility construction. It is reviewed domestic and foreign papers about the trend of LCC technology and it is determined the analytical method to analyze the LCC of renewable energy. Regarding the review of alternatives, it is chosen the three alternatives which are able to designed combing the renewable energy facilities and it is performed the LCC analysis about each alternative. Alternative 1 is Photovoltaic + Solar Thermal + Photovoltaic /Wind Power, Alternative 2 is Geothermal + Photovoltaic, and Alternative 3 is Photovoltaic + Solar Thermal. The LCC analysis is present value method, its analytical period is 40 years and it is applied 3.2% of real discount rate. As a result, it is proved that Alternative 1 and Alternative 3 are not able to collectible the early investment cost during the analytical period and Alternative 2 is analyzed that its pay-back period of early investment cost is about 31 years. As the final outcome of this study on case analysis, it is more advantageous to use the combination of Geothermal and Photovoltaic energy than to use the other combination in LCC aspect.

• Korean Journal of Construction Engineering and Management
• /
• v.10 no.1
• /
• pp.114-125
• /
• 2009

In this study, a design value analysis technique that considered stochastic LCC and stochastic performance evaluation was proposed, and by introducing the concept of reliability analysis, a decision making that secured reliability was supported. The results of this study, which was carried out according to the above objectives and methods, are summarized as follows: 1) The design value analysis procedures and value state function, improved in order to carry out a reliable analysis when evaluating alternate proposals that were extracted after the function definition was complete, were formalized, and in order to secure consistency and efficiency for value evaluation procedures, an evaluation index scheme was proposed; 2) Database collection and analysis were done for a bridge's LCC analysis. As for the collection scope of data, literature of previous research done on a bridge's LCC analysis was used as the basis for analysis, and for securing reliability regarding analysis results and dealing with uncertainty of collected data, the MCS technique was applied; 3) Weights and evaluation ranks for performance evaluation of each of the alternate proposals, as well as LCC analysis model, analysis period, discount rate, user expense, safety inspection and safety diagnosis expense conditions for LCC analysis were proposed. Lastly, a feasibility study was done and conclusion was made about "OO grand bridge and connecting road construction work execution design" project centered on value analysis execution case.

• International conference on construction engineering and project management
• /
• 2007.03a
• /
• pp.119-129
• /
• 2007

In January 2005, the BTL private investment project was introduced in the Korean construction market as part of the plan to provide high-quality public service and expand the required facilities in a timely manner. Nonetheless, problems such as the low earning rate at the beginning of the business, burden of service compared to the cost of the proposed business, and limitations of the local small and medium-sized companies in relation to their participation in the project arose. The LCC analysis system for the BTL projects was developed as part of efforts toward efficiently investigating the investment eligibility. Specifically, methods for LCC analysis were selected for each stage of the BTL project in relation to the requests of experts for military residential facilities and public educational facilities. Variables were then extracted to derive an accurate analysis value, LCC for the 5 cost items (initial investment cost, operating expenses, maintenance expenses, energy cost, and disposal cost), analyzed, and system enabling comparative analysis for single and multiple initiatives by year and item, developed. Thus, we have to clearly require the accumulation of data to examine the appropriateness of the results of LCC analysis based on data and results.

• Journal of Korean Society of Coastal and Ocean Engineers
• /
• v.20 no.4
• /
• pp.390-400
• /
• 2008

Reports on VE/LCC based coastal structural design were analyzed to derive possible improvement. VE/LCC technique may be effectively applied to making decisions in coastal structural design. However, it has not been well utilized in recent projects for some problems. Therefore, recent project reports on VE/LCC have been analyzed and merits and demerits were classified. Then, the reason why VE/LCC cannot be effectively applied to real projects was drived. Finally, some pre-requisites to improve the technique were summarized.

• Proceedings of the Korea Concrete Institute Conference
• /
• 2004.11a
• /
• pp.773-776
• /
• 2004

The so-called Life Cycle Cost (LCC) analysis on reinforced concrete bridge can provide useful information for initial design and maintenance plan of the RC bridge. This paper proposes an LCC prediction equation and a sensitivity analysis method for RC bridges. An LCC equation for the RC bridge which includes initial investment cost, maintenance cost, and demolition cost was derived and verified from the data for design and construction of an RC slab bridge. In order to solve uncertainty problem on actual discount rate and material characteristics in the analysis of LCC of concrete bridges, a sensitivity analysis method on the LCC using the Monte Carlo simulation technique was suggested.

• Korean Journal of Construction Engineering and Management
• /
• v.7 no.3 s.31
• /
• pp.112-121
• /
• 2006

The purpose of this study is to execute economical analysis for two types of office building HVAC system using LCC technique : single vs, separated HVAC(equal partition installation, unequal partition installation) system. The research method of this study includes the case analysis and questionnaire surveys. The results of this study are as follows: (1) LCCs of 3 types of HVAC system are estimated and the most economical one is investigated as single HVAC system, (2) In this case study, the single HVAC system was investigated as 34% lower in LCC during 15 years per $100m^2$ compared to equal partition installation, as 41% compared to unequal partition installation.

• Journal of the Korea institute for structural maintenance and inspection
• /
• v.15 no.5
• /
• pp.113-123
• /
• 2011

LCC analysis is a method that coordinates with function evaluation for value improvement, rather than a separate one for cost evaluation. Although its accuracy is rising, materials and structural types developed or applied relatively recently have yet to obtain a sufficient maintenance profile DB, inducing reliability to reduce from difficulties in estimating maintenance records. Based on the above mentioned background, this paper presents the LCC methodology of coordinating functional intensification matters with cost for analysis on alternatives with difficulties in setting maintenance profile. Recently, steel plate bridge deck pavements are faced with problems such as plastic deformation due to the increase in heavy vehicles and traffic, promoting the development of a new compound pavement. This paper execute LCC analysis by mentioning case studies of SMA, Guss and PSMA pavements to include performance scale compared between alternatives as relative evaluation coefficients into the maintenance profile.

• Proceedings of the KSR Conference
• /
• 2007.05a
• /
• pp.614-619
• /
• 2007

The purpose of this study is to develop a LCC analysis model for selecting railroad bridge type as both of quantitative and qualitative factors to increase the effectiveness in the selecting design alternatives and is to select the optimum alternatives through a case study. This LCC analysis model adapts deterministic and probabilistic approach for increasing the reliability and includes AHP analysis considering the qualitative factors.