• Title/Summary/Keyword: Life-Cycle management

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The Effect of Family Life Cycle and Financial Management Practices on Household Saving Patterns

  • Lee Seong-Lim;Park Myung-Hee;Montalto Catherine P.
    • International Journal of Human Ecology
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    • v.1 no.1
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    • pp.79-93
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    • 2000
  • Using the 1995 Survey of Consumer Finances, this study investigates how family life-cycle stages and financial management practices affect household saving. First findings are that household income and householders education, race and ethnicity have significant effects on saving. Second, regarding the effect of the family life-cycle stages, younger married couples without children, middle pre-retired households without dependent children, and older households without dependent children are more likely to save than other similar households in the life-cycle stage of younger single households. Third, households with longer financial planning horizons, saving goals for retirement, purchase of durable goods and emergency goods, and low credit card debt are more likely to save. Based on the results, implications for financial management education and public policy are suggested.

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MODEL-BASED LIFE CYCLE COST AND ASSESSMENT TOOL FOR SUSTAINABLE BUILDING DESIGN DECISION

  • Iris X. Han;W. Zhou;Llewellyn C.M. Tang
    • International conference on construction engineering and project management
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    • 2011.02a
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    • pp.311-317
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    • 2011
  • There is a growing concern in reducing greenhouse gas emissions all over the world. The U.K. has set 34% target reduction of emission before 2020 and 80% before 2050 compared to 1990 recently in Post Copenhagen Report on Climate Change. In practise, Life Cycle Cost (LCC) and Life Cycle Assessment (LCA) tools have been introduced to construction industry in order to achieve this such as. However, there is clear a disconnection between costs and environmental impacts over the life cycle of a built asset when using these two tools. Besides, the changes in Information and Communication Technologies (ICTs) lead to a change in the way information is represented, in particular, information is being fed more easily and distributed more quickly to different stakeholders by the use of tool such as the Building Information Modelling (BIM), with little consideration on incorporating LCC and LCA and their maximised usage within the BIM environment. The aim of this paper is to propose the development of a model-based LCC and LCA tool in order to provide sustainable building design decisions for clients, architects and quantity surveyors, by then an optimal investment decision can be made by studying the trade-off between costs and environmental impacts. An application framework is also proposed finally as the future work that shows how the proposed model can be incorporated into the BIM environment in practise.

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Development of Bridge Life-Cycle Management System based on Information and Communication Technology (ICT 기반 교량 생애주기 관리시스템 개발)

  • Park, Kyung-Hoon;Sun, Jong-Wan
    • Journal of the Korea Academia-Industrial cooperation Society
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    • v.17 no.10
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    • pp.13-20
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    • 2016
  • The computerized management system for bridges is required due to the increased service life and number of bridges. This paper provides information and communication technology (ICT) - based bridge management system (BMS) to enable life cycle management through a comparative study with the development trend and function of domestic and foreign BMSs. BMS developed as an operation system combined an internet and mobile program, and was based on GIS technology and an object-based information management system. BMS supports the establishment of long-term strategies and short-term plans based on predicting the life-cycle performance profile and the necessary budget by object-based informatization for the whole life-cycle information of bridges. Useful knowledge information for supporting decision making was derived from the life-cycle management strategies establishment for approximately 6,000 existing bridges. BMS was developed to be applicable to all nationwide road bridges. In addition, it can be used practically to maintain the performance based on accurate maintenance result management, reducing cost by reasonable budget management, and enhancing the convenience and reliability of field data collection.

Analysis of Production Process Improvement with Life Cycle Assessment $Technology{\sim}$ Example of HDPE Pipe Manufacturing

  • Tien, Shiaw-Wen;Chiu, Chung-Ching;Chung, Yi-Chan;Tsai, Chih-Hung;Chang, Chin-Fa
    • International Journal of Quality Innovation
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    • v.8 no.2
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    • pp.32-56
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    • 2007
  • Life Cycle Assessment (LCA) aims to analyze possible impact upon manufacturing process and availability of products, and also study the environmental considerations and potential influence during entire life cycle ranging from procurement, production and utilization to treatment (namely, from cradle to tomb). Based on high-density polyethylene (HDPE) pipe manufacturing of company A, this case study would involve evaluation of environmental influence during the production process. When the manufacturing process has been improved during "production process" and "forming cooling" stage, it is found that capital input on "electric power" and "water supply" could be reduced, thus helping to sharpen the competitive power of company A, and also ensure sustainable economic and industrial development in accordance with national policies on environmental protection.

Introduction of Program Life-Cycle Management System for Space Launch System Development (우주 발사 시스템 개발을 위한 통합 기술관리 시스템 소개)

  • Joh, Miok;Shin, Myoung Ho
    • Journal of the Korean Society of Systems Engineering
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    • v.2 no.1
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    • pp.48-53
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    • 2006
  • A web-based program life-cycle management(PLM) system is introduced to implement the system engineering processes and to provide the development traceability online. This information system aims for the realization of essential system engineering management techniques currently applied to the space launch system development program including management of configuration and data based on the work breakdown structure(WBS), WBS, bill of materials and mass properties. The system enhances communication and gives access to the development data with relevant information such as data-to-data relation and approval status/history through the web, and preserve all of the development data throughout the program life-cycle. Further improvement of the system is planned to implement the program management processes and co provide integrated information useful for the programmatic decision making.

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A Study on the Improvement of Public Facility Management System Using Life-cycle Management (Life-cycle Management를 활용한 공공시설 유지관리 시스템 개선방안)

  • Jeon Ick-Sung;Shon Jeong-Rak;Kim Kyung-Suk;Kim Jae-Jun
    • Korean Journal of Construction Engineering and Management
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    • v.5 no.2 s.18
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    • pp.55-63
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    • 2004
  • A building structures was used the facility management phase through $planing\cdotdesign\cdotconstruction$. phase. building's length of life was shorter than its physical length of life, because of the lack of law and institution, the lack of related agencies' preparation and owner's preparation. Also, considering the construction life-cycle, the facility phase accounted for $70\%$ of whole official lift, therefore, it needed to be opposed to systemic facility management. Current facility management system practically managed the defect of facility and almost never communicated between the other phase. In the side of policy, domestic law, institution, and policy related to building structure focused built-up market. and then the management of existing facilities was not consolidated efficiently. The purpose of this study was to suggest the direction of facility management construction for managing, utilizing, and operating public facilities, moreover, to study the direction of current facility management system improvement corresponding to total computer integrated construction system under government agencies.

Management of Product Life Cycle Data for Environmental Design (환경친화적 설계를 위한 제품 전주기 데이터 관리)

  • 황오현;강무진;이화조;최병욱
    • Proceedings of the Korean Society of Precision Engineering Conference
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    • 1997.10a
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    • pp.115-120
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    • 1997
  • Environmental Product Life Cycle Management is an activity for defining and describing the product, process or activity environmentally. Especially, the main responsibility for the environmental impact of products lies in the design phase of product. Designers cany a heavy responsibility to determine technical, economic and ecological properties of the product. So in order to help designers, structured understanding and application of treating large amount of data and infonnation should be considered. This paper presents a methodological approach for decision supporting to build Product Life Cycle Management system and show a set of database modeling. Additionally, a key issue for databases is the quality of the provided information.

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A Study on the Effect of R&D Project Management System on R&D Project Performance: Focusing on the Mediating Effects of Integrated Management and Life Cycle Management (R&D 프로젝트관리시스템이 R&D 프로젝트성과에 미치는 영향에 대한 연구: 통합관리 실행 및 전주기관리 실행의 매개효과를 중심으로)

  • Jongho Won;Sungyong Choi;Heekyung Kim;Sohyun Park
    • Journal of Information Technology Services
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    • v.22 no.3
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    • pp.65-83
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    • 2023
  • Due to the development of modern technology and the enlargement of industrial scale, the scale of many projects is expanding and the complexity is also increasing. Individual management of existing projects cannot effectively manage projects in this trend, and it is necessary to systematically manage the entire process from initiation to completion. Accordingly, the need for integrated management and life cycle management that can efficiently manage the entire project is emerging, and for this, a systematic project management system is also required. PMS enables efficient project management by linking business processes such as resource, schedule, scope, and output management of a project with separately separated infrastructure accordingly. In this paper, a research model was proposed to manage the project from the perspective of implementing integrated management and life cycle management, especially during R&D project execution, and to prove the mediating role between PMS and R&D project performance for this purpose. The proposed research model will be able to help companies and organizations that feel the need to implement integrated management and life cycle management and are preparing to build a PMS-type system or that have already been established to efficiently perform project management.

Current Status and Reform Tasks in Life Cycle Management of Korean Health Technology for the Fourth Industrial Revolution Era (4차 산업혁명 시대의 대한민국 의료기술 전주기 관리현황 및 단계별 개혁과제)

  • Kim, Arim;Kim, Eun-Jung;Yoon, Seok-Jun
    • Health Policy and Management
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    • v.30 no.3
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    • pp.270-276
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    • 2020
  • Entering the fourth industrial revolution era, health technology is rapidly developing and the people's needs for medical services are gradually increasing. Establishing a life cycle management of health technology has emerged as a new policy agenda to cope with these changes. However, the management of health technology have been conducted without continuity and with several problems pointed out. Therefore, we suggest the reform agendas by stages to establish system for a life cycle management of health technology in the fourth industrial revolution era as follows. In the stage of development, it is important not only to provide research funding, but also consulting by professional about whole cycle of health technologies. In the phase of market entry, there are needs for enhance the system that would expand the early adoption for innovative technology and increase its effectiveness. After the spread of health technology to clinical settings, a reassessment and post management system should be established that have an institutional framework with strong price adjustment and exit mechanism. Furthermore, we hope that discussions will be brisk in macro perspective on the balancing of development in healthcare industry, health of people and national health insurance finance.

Introduction of Program Life-Cycle Management System for Space Launch System Development (우주발사 시스템 개발을 위한 통합 기술관리 시스템 소개)

  • Jo, Mi-Ok;Jo, Cheol-Hun;Lee, Jun-Ho;O, Beom-Seok;Park, Jeong-Ju;Jo, Gwang-Rae
    • 시스템엔지니어링워크숍
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    • s.4
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    • pp.86-89
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    • 2004
  • A web-based program life-cycle management(PLM) system is introduced to implement the system engineering processes and to provide the development teaceability online. This information system aims for the realization of essential system engineering management techniques currently applied to the space launch system development program including management of configuration and data based on the work breakdown structure(WBS), WBS, bill of materials and properties. The system enhances communication and gives access to the development data with relevant information such as data-to-data relation and approval status/history through the web, and preserve all of the development data throughout the program life-cycle. Further improvement of the system is planned to implement the program managrment pricesses and to provide integrated information useful for the programmatic decision making.

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