• Korean Chemical Engineering Research
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• v.53 no.2
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• pp.164-173
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• 2015

This study aims to design energy supply systems from various energy sources for transportation sectors and comparatively analyze the life cycle cost of different scenario-based systems. For components of the proposed energy supply system, we consider a typical oil refinery, byproduct hydrogen system, renewable energy source (RES)-based electric generation system and existing electricity grid. We also include three types of vehicles in transportation sector such as internal combustion engine vehicle (ICEV), electric vehicle (EV), fuel cell vehicle (FCV). We then develop various energy supply scenarios which consist of such components and evaluate the economic performance of different systems from the viewpoint of life cycle cost. Finally we illustrate the applicability of the proposed framework by conducting the design problem of energy supply systems of Jeju, Korea. As the results of life cycle cost analysis, EV fueled by electricity from grid is the most economically feasible. In addition, we identify key parameters to contribute the total life cycle cost such as fuel cost, vehicle cost, infra cost and maintenance cost using sensitivity analysis.

• Journal of the Korea Academia-Industrial cooperation Society
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• v.17 no.4
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• pp.19-25
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• 2016

Engineering structures including civil infrastructures require a life-cycle cost and benefit during their service lives. The service life of a structure can be extended through appropriate inspection and maintenance actions. In general, this service life extension requires more life-cycle cost and cumulative benefit. For this reason, structure managers need to make a rational decision regarding the service life management considering both the cost and benefit simultaneously. In this paper, the probabilistic decision tool to determine the optimal service life based on cost-benefit analysis is presented. This decision tool requires an estimation of the time-dependent effective cost-benefit under uncertainty to formulate the optimization problem. The effective cost-benefit is expressed by the difference between the cumulative benefit and life-cycle cost of a deteriorating structure over time. The objective of the optimization problem is maximizing the effective cost-benefit, and the associated solutions are the optimal service life and maintenance interventions. The decision tool presented in this paper can be applied to any deteriorating engineering structure.

• Korean Journal of Air-Conditioning and Refrigeration Engineering
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• v.16 no.6
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• pp.506-513
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• 2004

The objective of this paper is to evaluate the economic performance of latent and sensible energy transportation systems. LCC (Life-Cycle Cost) analysis is a practical method and a guideline for evaluating the economic performance of considered systems during the Life-Cycle Period. By comparing the LCC of alternatives, The most ideal alternative is determined which has the lowest LCC. It is concluded that the cost of STA (Solution Transportation Absorption system) can be reduced by 67% to that of sensible energy transportation for study period with 10 km transportation distance.

• The Transactions of The Korean Institute of Electrical Engineers
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• v.67 no.2
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• pp.331-336
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• 2018

In this paper, the life cycle cost of the auxiliary power unit in the conventional 8200 series electric locomotive is evaluated and an effective life cycle cost reduction method is sought. For this, a life cycle cost evaluation model was proposed using IEC 60300-3-3 standard. As a result of analysis, material cost which accounted for a large percentage of preventive maintenance cost, accounted for 64% of total cost, and breakdown maintenance cost was as high as 27%. Except for the cost of preventive maintenance, the breakdown maintenance cost ratio was the highest. In order to reduce the LCC of the auxiliary power unit(APU) of the 8200 series in the future, it is necessary to reduce the material cost in case of development and to secure the high reliability according to the parts manufacturing so as to minimize the maintenance cost.

• Proceedings of the Computational Structural Engineering Institute Conference
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• 1999.04a
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• pp.305-312
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• 1999

This study is intended to propose a systematic and practical life cycle cost(LCC) model for the development of the reliability-based seismic safety and cost-effective performance criteria for design and upgrading of long-span PC bridges. The LCC models consist of five cost functions such as initial cost, repair/replacement cost, human losses, road user cost, and indirect losses of regional economy. The proposed model Is successfully expressed in temrs of Park-Ang damage indices and life cycle damage probability obtained from SMART-DRAIN-2DX which is an existing algorithm for nonlinear time history analysis. The proposed LCC model is successfully applied to a viaduct constructed by PSM, in Seoul. Based on the observations, the proposed systematic procedure for the formulation of LCC model may be useful for the development of the reliability-based seismic safety and cost-effective performance criteria for design and upgrading of long-span PC bridges.

• Journal of the Korean Society of Safety
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• v.25 no.6
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• pp.115-122
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• 2010

The importance of the life cycle cost (LCC) analysis for bridges has been recognized over the last decade. However, it is difficult to predict LCC precisely since the costs occurring throughout the service life of the bridge depend on various parameters such as design, construction, maintenance, and environmental conditions. This paper presents a methodology for the optimal life cycle cost design of a bridge. Total LCC for the service life is calculated as the sum of initial cost, damage cost, maintenance cost, repair and rehabilitation cost, user cost, and disposal cost. The optimization method is applied to design of a bridge structure with minimal cost, in which the objective function is set to LCC and constraints are formulated on the basis of Korean Bridge Design Code. Initial cost is calculated based on standard costs of the Korea Construction Price Index and damage cost on damage probabilities to consider the uncertainty of load and resistance. Repair and rehabilitation cost is determined using load carrying capacity curves and user cost includes traffic operation costs and time delay costs. The optimal life cycle cost design of a bridge is performed and the effects of parameters are investigated.

• Proceedings of the Korean Institute Of Construction Engineering and Management
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• autumn
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• pp.450-453
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• 2001

Recently, the government recommend the use of LCC analysis at a feasibility phase by comprehensive countermeasures for efficient public construction projects and comprehensive countermeasures against preventing unconscientious construction. From the end of 1980's, studies of LCC is in progress actively However, it is difficult to put to practical use for lack of a process, a detailed guideline and existing data about LCC analysis. This study proposes a analysis methodology and a cost model can estimate life cycle cost for Buildings. Furthermore, it develops algorithms for computerizing which is able to estimate efficient LCC assessment.

• Proceedings of the KSR Conference
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• 2007.11a
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• pp.1132-1140
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• 2007

As it recently appears that Life Cycle Cost Analysis may be considered as new methodology for economic valuation of infrastructure many researches have been made to assess LCC(Life Cycle Cost) of each facility based on a reasonable methods. In general, LCC is composed of construction cost and expected maintenance repair cost. And especially, maintenance repair cost must be estimated to enhance the reliability through systematic and reasonable methods. However in Korea, because high speed railway steel bridges are recently constructed no direct statistical data are available for the account of the maintenance cost and then their maintenance characteristics are not linear yet. Therefore, the approach proposed in the paper utilizes a theoretical determination and degradation of the corrosion and fatigue of the bridges based on Rahgozar et al.(2006)'s model on fatigue notch factor considering into the corrosion to incorporate the corrosion effect into the fatigue strength reduction model. And then, the corresponding probability of failure is calculated in terms of the reliability index using S-N curve to formulate the fatigue limit state. Therefore, this paper proposes the minimum Life Cycle Cost through optimum maintenance plan analysis of high-speed railway steel bridges under construction. Finally, this paper reviews the proposed model in oder to confirm the applicability and feasibility by appling it to high speed railway steel bridges under construction

• International Journal of Quality Innovation
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• v.6 no.3
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• pp.173-189
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• 2005

A life-cycle assessment (LCA) is based on the attention given to the environmental protection and concerning the possible impact while producing, making, and consuming products. It includes all environmental concerns and the potential impact of a product's life cycle from raw material procurement, manufacturing, usage, and disposal (that is, from cradle to grave). This study assesses the environmental impact of the ultra pure water process of semiconductor manufacturing by a life-cycle assessment in order to point out the heavy environmental impact process for industry when attempting a balanced point between production and environmental protection. The main purpose of this research is studying the development and application of this technology by setting the ultra pure water of semiconductor manufacturing as a target. We evaluate the environmental impact of the Precoat filter process and the Cation/Anion (C/A) filter process of an ultra pure water manufacturing process. The difference is filter material used produces different water quality and waste material, and has a significant, different environmental influence. Finally, we calculate the cost by engineering economics so as to analyze deeply the minimized environmental impact and suitable process that can be accepted by industry. The structure of this study is mainly combined with a life-cycle assessment by implementing analysis software, using SimaPro as a tool. We clearly understand the environmental impact of ultra pure water of semiconductor used and provide a promotion alternative to the heavy environmental impact items by calculating the environmental impact during a life cycle. At the same time, we specify the cost of reducing the environmental impact by a life-cycle cost analysis.

• Journal of the Korea Institute of Building Construction
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• v.8 no.1
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• pp.97-102
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• 2008

The report of the Korean Board of Audit and Inspection(BAI) on May 2007 indicates the problems of Life Cycle Cost (LCC) analysis and evaluation in the Design-Build(Turn-Key) and alternative bidding system. The point which the report indicates is that the cost estimation system for LCC analysis has nothing in common each other and there's no consistency among the repair cycle and ratio per facilities parts. For solving these problems, BAI demands the establishment of the guidelines for LCC analysis and evaluation from the competent authority Korean Ministry of Construction And Transportation(MOCT). The objective of this study is to develop the improvement directions for LCC analysis and evaluation which are suitable to the public construction projects especially for the Design-Build and alternative bidding system in Korea. For this study, the LCC related raws and regulations, LCC analysis guidelines of public cooperations, actual condition of LCC analysis and evaluation which include, the elements of LCC, the estimation rules of the initial cost and the maintenance cost, the analysis standards of time value of money, etc. are investigated to provide the improvement directions for LCC analysis and evaluation.