• Proceedings of the KSR Conference
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• 2004.10a
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• pp.551-556
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• 2004

The deterioration of a shunting locomotive was characterized for the lifetime assessment. The locomotive has been used for shunting works in steel making processes, and in this investigation, various types of technical evaluation methods for the locomotive parts were employed to assess the current deterioration status and to provide important clue for lifetime prediction. Unlike other rolling stocks in railway applications, the diesel shunting locomotive is composed of major components such as diesel engine, transmission, gear box, brake system, electronic devices, etc., which cover more than 70 percent of the total price of the locomotive. Therefore, in this paper, each part of major components in the diesel locomotive was analyzed in terms of the degree of deterioration. The life-cycle-cost (LCC) analysis was performed based on the maintenance and repair history as compared with economical cost to provide the cost-effective prediction, i.e., to assess either repair for reuse or putting the locomotive out of service based on cost-effective calculation.

• Korean Journal of Construction Engineering and Management
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• v.16 no.4
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• pp.70-79
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• 2015

With the rise of the interest in a renewable system, the importance of the Life Cycle Cost Analysis(LCCA), an economic evaluation tool, has been increasing. However, there is an inevitable gap between a real cost and an estimation from LCCA because of the uncertainty of the external environment in real world. As the input variables in an analysis, such as a real discount rate and an energy cost, ares subject to change as time goes by, strategic decision on the current operating system is made depending on the real cost. Current economic evaluation approaches have treated only the fluctuation of input variables without consideration of the flexibility in operation, which has consequently led to the impairment on the reliability of LCCA. Therefore, new approach needs to be proposed to consider both the uncertainty of input variables and operational flexibility. To address this issue, the application of the Real Option to LCCA is presented in this study. Through a case analysis of LCCA of a solar heating system, the limits and current status of LCCA are identified. As a result, quantitative presentation of strategic decisions has been added in the new approach to implement the traditional approach.

• Proceedings of the Korean Institute Of Construction Engineering and Management
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• autumn
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• pp.329-332
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• 2003

The Ministry of Construction and Transportation has estimated the reconsideration of economy in construction and the dullness of LCC forcast method which supports decision-marking in safety and maintenance of buildings. So, they have introduced LCC analysis method in steps of a feasibility study and design. Because of the introduction of LCC analysis process and method, it would be possible to make a logical decision from management maintenance, estimation, user point of view. In this study, it would bepossible to show a plan and alternative of design factors and structure in one building by using LCC analysis method and to compare and analyze the reduction of life circle cost bi the elapsed time.

• Earthquakes and Structures
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• v.9 no.1
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• pp.73-91
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• 2015

The effectiveness of tuned mass dampers (TMDs) in reducing the seismic response of civil structures is still a debated issue. The few studies regarding TMDs on inelastic structures indicate that they would perform well under moderate earthquake loading, when the structure remains linear or weakly nonlinear, while tending to fail under severe ground shaking, when the structure experiences strong nonlinearities. TMD seismic efficiency should be therefore rationally assessed by considering to which extent moderate and severe earthquakes respectively contribute to the expected cost of damages and losses over the lifespan of the structure. In this paper, a method for evaluating, in a life-cycle cost (LCC) perspective, the seismic effectiveness of TMDs on inelastic building structures is presented and exemplified on the SAC LA 9-storey steel moment-resisting frame benchmark building. Results show that the LCC concept may provide an appropriate alternative to traditional performance criteria for the evaluation of the effectiveness of TMDs and that TMD installation on typical existing middle-rise buildings in high seismic hazard regions may significantly reduce building lifetime cost despite the poor control performance observed under the most severe seismic events.

• Journal of the Korean Society for Railway
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• v.11 no.1
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• pp.107-113
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• 2008

As it recently appears that LCC (Life Cycle Cost) analysis may be considered as an essential method for economic evaluation of infrastructures. Many researches have been made to assess LCC of each facility based on reasonable methods. However, expected maintenance repair cost must be reasonably estimated to enhance the reliability of LCC analysis through systematic and rational methods. This study is intended to propose a rational approach to reliability-based LCC analysis of high-speed railway steel bridges considering lifetime corrosion and fatigue damage. However in Korea, since high speed railway steel bridges are only recently constructed, no direct statistical data are available for the account of the maintenance cost and thus their maintenance characteristics are not clear yet. In this paper, for the assessment of expected maintenance/repair cost, the fatigue system reliability analysis incorporating the corrosion effect is proposed by considering the corrosion and fatigue damage using measured data of high speed railway steel bridges. A model proposed by Rahgozar, of at for fatigue notch factor considering the corrosion effect is used in order to incorporate the corrosion effect into the fatigue strength reduction and S-N curve. Finally, the effectiveness of LCC model proposed for high-speed railway steel bridges is demonstrated by a numerical example.

• Journal of the Society of Naval Architects of Korea
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• v.42 no.6 s.144
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• pp.673-678
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• 2005

IMO adopted ' International Convention for The Control and Management of Ships' Ballast Water and Sediments ' on February 13th 2004. According to this convention, a ballast water treatment system should be installed in all ships obligatorily up to a standard date. When the system is installed, economic propriety should be considered. The economic propriety analysis examines the profit of a relevant project which can be presented by a equation, (Profit) = (income) - (expense) - (tax). However, the ballast water system is not for the profit during the life cycle but for the satisfaction of the regulation. Therefore, the expense should be minimum against the profit. This study presents the LCC(Life-Cycle Cost) analysis for economic evaluation of several ballast water system of foreign products.

• Journal of the Korea Institute of Building Construction
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• v.12 no.4
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• pp.386-392
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• 2012

In this study, life cycle cost (LCC) is analyzed according to insulation panel system type using a deterministic LCC analysis method. Through this analysis, it was found that the construction cost in the deterministic LCC analysis for Ceramic panels was low compared to the construction cost for metal and stone panels. Also, the difference in cost between the Ceramic panel and the metal panel was about 2 times. In the area of maintenance cost, it was found to be similar to the previously analyzed construction cost, in which the metal panel has the highest cost due to the high cost of construction and the frequent need for maintenance. In the case of the stone panel, a small difference in cost is shown compared with that of the Ceramic panel, but the cost is higher than the Ceramic panel. Regarding the cost of waste disposal, the Ceramic panel can reduce the cost by at least 1.5 times and up to 2 times compared to other panel systems. Finally, in the analysis of sensitivity according to changes in discount rates, the Ceramic panel and metal panel systems have a similar cost, and the cost of the metal panel is a bit larger than that of other panel systems. Thus, in the subjects used in the analysis, the Ceramic panel system shows the highest economic benefits.

• Journal of the Korean Solar Energy Society
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• v.22 no.4
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• pp.97-106
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• 2002

The purpose of this study is to analyze the life cycle cost of primary cooling system by systematic support cost. Life Cycle Cost(LCC) is the process of making an economic assessment of an item, area, system, or facility by considering all significant costs of ownership over an economic life, expressed in terms of equivalent costs. The essence of life cycle costing is the analysis of equivalent costs of various alternative proposals. In order to select economical primary cooling system in early heat source plan stages, the research investigates cost items and cost characteristics during project process phases such as planning/design, construction, maintenance /management, and demolition/sell phases. The study also analyze the life cycle cost by capacity leading to suggest the most economical primary cooling system by systematic support cost.

• Journal of Korean Tunnelling and Underground Space Association
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• v.23 no.5
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• pp.315-323
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• 2021

Tunnel is the most energy-consuming structure in road due to the characteristic of using artificial lighting during day and night. Therefore, tunnel lights are being replaced by LED lamp that have advantages with respect to low power consumption. The best use of social overhead capital can be expected by considering the life cycle cost, because to tunnel structures are accompanied by a series of medium-to-long-term and continuous processes of replacing auxiliary facilities. In this study, the saving effect by LCC analysis was quantitatively analyzed by replacing tunnel light sources from high-pressure sodium lamps to LED lamps. The effect of reducing the replacement cycle by increasing the life of the lamps and the resulting maintenance cost is very significant, on replacing tunnel lighting light sources with LED lamp.

• Journal of the Korea institute for structural maintenance and inspection
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• v.28 no.4
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• pp.37-47
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• 2024

This study proposes a track maintenance quantity estimation model that considers evolution of rail fatigue damage and ballast settlement based on actual maintenance data from the Gyeongbu high-speed railway, and revises the existing life cycle cost (LCC) model for railway track. Using this model, maintenance quantities and life cycle costs based on different track quality levels are evaluated and discussed. According to the results, it is confirmed that applying the track maintenance quantity estimation model that accounts for rail fatigue damage and ballast settlement allows us to reasonably estimate maintenance costs close to the actual data. The track quality coefficient significantly influences both rail and ballast maintenance quantities, with ballast maintenance having a greater impact than rail maintenance. Additionally, as train speed increases, both rail and ballast maintenance quantities rise. Moreover, a higher track quality coefficient leads to a steeper increase in maintenance quantities with increasing train speed. Consequently, LCC also exhibits a faster growth rate over time with higher track quality coefficients and faster train speeds, resulting from an increased proportion of maintenance costs.