• Title/Summary/Keyword: Life-Cycle Cost Analysis

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Life-cycle cost optimization of steel moment-frame structures: performance-based seismic design approach

  • Kaveh, A.;Kalateh-Ahani, M.;Fahimi-Farzam, M.
    • Earthquakes and Structures
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    • v.7 no.3
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    • pp.271-294
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    • 2014
  • In recent years, along with the advances made in performance-based design optimization, the need for fast calculation of response parameters in dynamic analysis procedures has become an important issue. The main problem in this field is the extremely high computational demand of time-history analyses which may convert the solution algorithm to illogical ones. Two simplifying strategies have shown to be very effective in tackling this problem; first, simplified nonlinear modeling investigating minimum level of structural modeling sophistication, second, wavelet analysis of earthquake records decreasing the number of acceleration points involved in time-history loading. In this paper, we try to develop an efficient framework, using both strategies, to solve the performance-based multi-objective optimal design problem considering the initial cost and the seismic damage cost of steel moment-frame structures. The non-dominated sorting genetic algorithm (NSGA-II) is employed as the optimization algorithm to search the Pareto optimal solutions. The constraints of the optimization problem are considered in accordance with Federal Emergency Management Agency (FEMA) recommended design specifications. The results from numerical application of the proposed framework demonstrate the capabilities of the framework in solving the present multi-objective optimization problem.

An Economic Feasibility Analysis on the Movable Modular Lodging Buildings (이동 가능한 숙박용 모듈러 건축의 경제성 비교 분석에 관한 연구)

  • Lee, Jeehee;Son, JeongWook;Jeong, WoonSeong;Yi, June-Seong
    • Korean Journal of Construction Engineering and Management
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    • v.16 no.5
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    • pp.12-20
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    • 2015
  • Construction industry pays attention to modular construction recently which based on factory production not on labor intensive site production. Since modular construction has high time shortening effect and easiness of demolition and recycling, it has been applied to the temporary residential building. Domestic modular construction market are not activated yet, however, due to the high initial cost to realize modular construction. This study proposes demand-sensitized movable modular building in order to reduce the financial burden. The study compares between RC method building and Modular building which moves building when the demand falls off from Life-Cycle Cost's viewpoint. As a result of the economical evaluation, RC method achieved profits faster than Modular model, but Modular model's gross earnings during the life-cycle are much bigger than RC method. In other words, the result means that the market-sensitized movement of the modular building would be an economci choice in Life-Cycle Costing aspect.

A Case Study on the Reduction Costs Prediction of a Reinforced Concrete Bridge using LCC method (Life Cycle Cost 기법에 의한 RC Slab 교량의 절감비용 예측에 관한 연구)

  • Kwon, Suk-Hyun;Kim, Sang-Beom;Park, Yong-Jin
    • Journal of the Korea institute for structural maintenance and inspection
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    • v.11 no.5
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    • pp.160-170
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    • 2007
  • This study predicts Life Cycle Cost of RC Slab bridge case in maintenance and operation level and calculated economic efficiency by the avoidable costs of a bridge. This result of the study can be summarized as follow: (1) LCC analysis model on the bridge case is suggested. (2) Maintenance and operation level of a bridge have been divided, and LCC of the bridge case has been predicted at current maintenance and operation level and required maintenance and operation level. (3) Reduction costs is predicted by LCC of the bridge case, and its economic efficiency is calculated.

An Uncertainty Analysis of Calculating Life Cycle Maintenance and Energy Costs for Technical Proposals (기술제안입찰을 위한 유지관리 및 에너지 비용 산출방식의 불확실성 분석)

  • Chung, Sung Young;Kim, Sean Hay
    • Korean Journal of Construction Engineering and Management
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    • v.19 no.5
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    • pp.3-9
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    • 2018
  • Although Life Cycle Cost (LCC) must be evaluated by experts, sometimes it may not allow a sufficient time for even the experienced LCC expert to make rational decisions. Therefore, it often ends with relatively comparing the final numbers. We have broken down 110 technical proposals that are actually bade and accepted for large construction projects, and then have analyzed the uncertainty of Maintenance and Energy (M&E) cost during building life cycle, which turns out be the most volatile factor in uncertainty of LCC. Also we suggest "Value Engineering Index (VEI)" - the reduced M&E cost that is normalized by the reduced first cost. It is analyzed that the most uncertain factors of the M&E cost include repair and replacement term differing from each project, duplicated repair and replacement, non-standard repair items, and site-specific energy cost. Eventually we propose a VEI population with a mean of 1.38 and a standard deviation of 1.19, which is obtained by individually and exclusively applying the uncertain factors of the M&E cost to the 35 standard sample of technical proposals. The LCC evaluators may be able to use the VEI population as the benchmark to select the technical proposal with the most reasonable LCC among many others in two suggested manners; the one is to deterministically calculate the probability of single VEIs, and the other is to stochastically calculate the probability of the VEIs where uncertainty is quantified.

A Study on the Maintenance Expenses of the Public Rental Rousing (공공임대주택 수선비 지출 실태에 관한 연구)

  • Kang, Hyun-Kyu;Han, Choong-Hee
    • Korean Journal of Construction Engineering and Management
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    • v.6 no.6 s.28
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    • pp.171-180
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    • 2005
  • Public rental housing is constructed, owned, and managed by the public sector. The public institution for the public rental housing controls the whole building life cycle from the construction to the demolition. The construction company for the house built for sale is strongly interested in the cost for the initial investment, while the public institution is more focused on the maintenance cost for the preservation of the buildings Nevertheless, the maintenance cost of the public rental housing has been only managed as the accounting factor without the systemic research and analysis on the actual condition. This paper shows how expenses are related to the degree of obsolescence and presents the differences of the maintenance costs by the housing area and expenditure trends (vs time) of the maintenance costs, through analyzing time series data of public rental housing maintenance cost. Further, this paper helps understanding the causes of the differences of the maintenance costs by housing areas and characteristics of the expenditure trends. After all, this paper contributes to the improvement of the reliability and the practicality for the Life Cycle Cost modeling and the maintenance cost estimating.

ECONOMIC VIABILITY TO BeO-UO2 FUEL BURNUP EXTENSION

  • Kim, S.K.;Ko, W.I.;Kim, H.D.;Chung, Yang-Hon;Bang, Sung-Sig;Revankar, Shripad T.
    • Nuclear Engineering and Technology
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    • v.43 no.2
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    • pp.141-148
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    • 2011
  • This paper presents the quantitative analysis results of research on the burnup effect on the nuclear fuel cycle cost of BeO-$UO_2$ fuel. As a result of this analysis, if the burnup is 60 MWD/kg, which is the limit under South Korean regulations, the nuclear fuel cycle cost is 4.47 mills/kWh at 4.8wt% of Be content for the BeO-$UO_2$ fuel. It is, however, reduced to 3.70 mills/kWh at 5.4wt% of Be content if the burnup is 75MWD/kg. Therefore, it seems very advantageous, in terms of the economic aspect, to develop BeO-$UO_2$ fuel, which does not have any technical problem with its safety and is a high burnup & long life cycle nuclear fuel.

A Study to the Development of Reliability/Availability Management System of the Urban Transit EMU' Maintenance (도시철도차량 신뢰도/가용도 관리시스템 개발을 위한 기초연구)

  • Park, Kee-Jun;Chung, Jong-Duck;Han, Seok-Youn;Suh, Myung-Won
    • Proceedings of the KSR Conference
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    • 2009.05a
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    • pp.619-627
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    • 2009
  • It is very important that reduce the maintenance cost and extend life time of the urban transit EMU through effective maintenance method research. The maintenance cost of the urban transit EMU shares 70%$\sim$80% of it's life cycle cost. It means that the maintenance cost is bigger than the introduction cost of the urban transit EMU. In this study, we were survey and analysis for the reliability centered maintenance of internal and external many industry parts. Finally, we suggested the reliability/availability management System of the Urban Transit EMU' Maintenance.

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Probabilistic Optimization for Improving Soft Marine Ground using a Low Replacement Ratio (해상 연약지반의 저치환율 개량에 대한 확률론적 최적화)

  • Han, Sang-Hyun;Kim, Hong-Yeon;Yea, Geu-Guwen
    • The Journal of Engineering Geology
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    • v.26 no.4
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    • pp.485-495
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    • 2016
  • To reinforce and improve the soft ground under a breakwater while using materials efficiently, the replacement ratio and leaving periods of surcharge load are optimized probabilistically. The results of Bayesian updating of the random variables using prior information decrease uncertainty by up to 39.8%, and using prior information with more samples results in a sharp decrease in uncertainty. Replacement ratios of 15%-40% are analyzed using First Order Reliability Method and Monte Carlo simulation to optimize the replacement ratio. The results show that replacement ratios of 20% and 25% are acceptable at the column jet grouting area and the granular compaction pile area, respectively. Life cycle costs are also compared to optimize the replacement ratios within allowable ranges. The results show that a range of 20%-30% is the most economical during the total life cycle. This means that initial construction cost, maintenance cost and failure loss cost are minimized during total life cycle. Probabilistic analysis for leaving periods of shows that three months acceptable. Design optimization with respect to life cycle cost is important to minimize maintenance costs and retain the performance of the structures for the required period. Therefore, more case studies that consider the maintenance costs of soil structures are necessary to establish relevant design codes.

Life-Cycle Cost Effective Optimal Seismic Retrofit and Maintenance Strategy of Bridge Structures - (II) Methodology for Life-Cycle Cost Analysis (교량의 생애주기비용 효율적인 최적 내진보강과 유지관리전략 - (II) 생애주기비용해석 방법론)

  • Lee, Kwang-Min;Cho, Hyo-Nam;Chung, Jee-Seung;An, Hyoung-Jun
    • KSCE Journal of Civil and Environmental Engineering Research
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    • v.26 no.6A
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    • pp.977-988
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    • 2006
  • The goal of this study is to develop a realistic methodology for determination of the Life-Cycle Cost (LCC)-effective optimal seismic retrofit and maintenance strategy of deteriorating bridges. The proposed methodology is based on the concept of minimum LCC which is expressed as the sum of present value of seismic retrofit costs, expected maintenance costs, and expected economic losses with the constraints such as design requirements and acceptable risk of death. The proposed methodology is applied to the LCC-effective optimal seismic retrofit and maintenance strategy of a steel bridge considered as a example bridge in the accompanying study, and various conditions such as corrosion environments and Average Daily Traffic Volumes (ADTVs) are considered to investigate the effects on total expected LCC. In addition, to verify the validity of the developed methodology, the results are compared with the existing methodology. From the numerical investigation, it may be positively expected that the proposed methodology can be effectively utilized as a practical tool for the decision-making of LCC-effective optimal seismic retrofit and maintenance strategy of deteriorating bridges.

Economic Analysis of the Livestock Manure Treatment System Using Life-Cycle Cost Technique (LCC 기법을 통한 가축분뇨처리시설의 경제성 분석)

  • Kim, J.H.;Cho, S.H.;Kwag, J.H.;Choi, D.Y.;Jeong, K.H.;Chung, U.S.;Chung, M.S.;Park, S.K.
    • Journal of Animal Environmental Science
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    • v.17 no.sup
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    • pp.61-68
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    • 2011
  • To assess the total cost with all stages of facilities, the feasibility of Life Cycle Cost (LCC) analysis was examined in this study to estimate the livestock manure treatment system and optimal decision making process. For the economic evaluation, the plant/equipment investment and annual operation cost of four Public Livestock Recycling Facilities, whose treatment capacity is 100 ton piggery manure per day, was compared. The initial cost was in the range of 2,699 million won to 3,202 million won, where T and E methods were highest and lowest, respectively. The annual operation cost was in the level of 378 million to 498 million won, which decreased in the following order : T method > J method > E method > B method. For the LCC analysis, 4.7% of interest rate, 3.13% of inflation rate, and 1.52% of net discount rate was considered by the data received from Bank of Korea and Statics Korea in the period of 2000 to 2009. Also, for the calculation of present value factor, the durable years of civil engineering & construction, machinery and electric instrument was 30 years, 10 years and 15 years, respectively. Based on these consideration, operation cost was in the range of 17,570 won/ton to 20,661 won/ton, and E method (17,570 won/ton) was economical and B method (20,661 won/ton) was non-economical. Though initial cost of T method was higher than that of B method, LCC analysis of T method was lower than that of T method due to the lower operation cost. Therefore, LCC analysis, which considers both initial cost and operation cost, is more reasonable evaluation method than either initial cost or annual operation cost. For the change of LCC analysis according to the uncertainty, the sensitivity analysis was carried out using fluctuation magnitude of discount rate in the period of 2000 to 2009. As a result, LCC analysis evaluated by discount rate was stable for the uncertain factors since the cost leadership did not change even though the sensitivity analysis varied. In summary, the economic evaluation using LCC analysis could be an efficient reference to choose the suitable livestock manure treatment plants. Furthermore, standardization of statement calculation for the actual cost analysis should be conducted and more detailed study is necessary to validate this summary. Therefore, the application of comprehensive technology evaluation, which considers LCC analysis, should contribute in obtaining objectivity and enhancing reliability for the 'Evaluation of Livestock Manure Treatment System and its Technology'.