• Title/Summary/Keyword: Park Construction Cost

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Optimizing Construction Alternatives for Repetitive Scheduling (반복공정 최적 공법대안 선정 방법)

  • Park, Sang-Min;Lee, Dong-Eun
    • Proceedings of the Korean Institute of Building Construction Conference
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    • 2015.05a
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    • pp.132-133
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    • 2015
  • Efficient scheduling and resource management are the key factor to reduce construction project budget (e.g., labor cost, equipment cost, material cost, etc.). Resource-based line of balance (LOB) technique has been used to complement the limitations of time-driven scheduling techniques (e.g., critical-path method). Optimizing construction alternatives contributes cost savings while honoring the project deadline. However, existing LOB scheduling is lack of identifying optimal resource combination. This study presents a method which identifies the optimal construction alternatives, hence achieving resource minimization in a repetitive construction by using genetic algorithm (GA). The method provides efficient planning tool that enhances the usability of the system.

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Optimizing Construction Alternatives for Scheduling Repetitive Units

  • Park, Sang-Min;Lee, Dong-Eun
    • International conference on construction engineering and project management
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    • 2015.10a
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    • pp.158-160
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    • 2015
  • Efficient scheduling and resource management are the key factor to reduce construction project budget (e.g., labor cost, equipment cost, material cost, etc.). Resource-based line of balance (LOB) technique has been used to complement the limitations of existing time-driven scheduling techniques (e.g., critical-path method). Optimizing construction alternatives contributes to cost savings while honoring the project deadline. However, existing LOB scheduling is lack of identifying optimal resource combination. This study presents a method which identifies the optimal construction alternatives, hence achieving resource minimization in a repetitive construction by using genetic algorithm (GA). The method provides efficient planning tool that enhances the usability of the system.

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A STUDY ON DURATION ESTIMATE METHOD USING STOCHASTIC MODEL IN THE BIM ENVIRONMENT

  • Jae H. Park;Seok H. Yun;Joon H. Paek
    • International conference on construction engineering and project management
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    • 2009.05a
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    • pp.1209-1215
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    • 2009
  • Recently, Construction Projects are being much bigger and more complex. So the importance of Construction Planning and Management is increasing and increasing because of the Construction Projects is involved in a variety of construction-related subjects. Competitive of the Construction Industry decided Cost, Construction Duration and Productivity. But they were just focused on Cost Saving instead of Construction Duration and Productivity. However, they have to finish construction projects using minimum cost and duration with quality and function of required level for successful Construction projects. Thus, current high exchange rate and high period, it is clear to decrease construction cost and to do economic construction in huge Construction Projects and it means more advanced Construction Schedule Management needs for economic construction. But Construction Scheduling Planning, basic of Construction Schedule Management, adjusted contract period without Pre-Planning, just depending on experience and ability of Construction Engineer. Because of that, this study suggests new Duration Estimate Method using Stochastic Model in BIM Environment for advanced Construction Schedule Management. Existing Duration Estimate Methods are just modified wrong points of them or analyzed effective factors of construction schedule. However, New Duration Estimate Method is just consists of Stochastic Model and BIM Environment without existing Duration Estimate Methods. So, new method has creativity and specialty. After this research, it would be a great model in construction industry field.

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A Computerized Construction Cost Estimating Method based on the Actual Cost Data (실적 공사비에 의한 예정공사비 산정 전산화 방안)

  • Chun Jae-Youl;Cho Jae-ho;Park Sang-Jun
    • Korean Journal of Construction Engineering and Management
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    • v.2 no.2 s.6
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    • pp.90-97
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    • 2001
  • The paper considers non-deterministic methods of analysing the risk exposure in a cost estimate. The method(referred to as the 'Monte Carlo simulation' method) interprets cost data indirectly, to generate a probability distribution for total costs from the deficient elemental experience cost distribution. The Monte Carlo method is popular method for incorporating uncertainty relative to parameter values in risk assessment modelling. Non-deterministic methods, they are here presented as possibly effective foundation on which to risk management in cost estimating. The objectives of this research is to develop a computerized algorithms to forecast the probabilistic total construction cost and the elemental work cost at the planning stage.

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Strategies for developing the Appropriation Method of the Construction Quality Cost (건설공사 품질관리비용의 구성요소 및 현실화를 위한 계상방법에 대한 고찰)

  • Park, Kyeong-Geun;Park, Yun-Chul
    • Korean Journal of Construction Engineering and Management
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    • v.12 no.3
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    • pp.101-111
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    • 2011
  • Clients ought to Appropriate the cost of quality management for contractors based on Construction Technology Management Act. The costs of safety management and environment reservation are separately estimated. and the quality management cost is added up to secure the construction quality required on sites. However, the sufficient cost for quality management was not allowed to the contractors, due to the viewpoints of the clients that the quality management should be one of the duties of contractors. In addition, an Account-related legislation enacted a provision of the labor cost of quality management as the one that should be included in the indirect labor cost. From the continuous survey the quality management cost is currently estimated by 0.2% of the total project cost and the contractors protest the portion of the quality management cost is insufficient. Thus, this paper aimed to provide the bases of estimation of the actualized quality management cost considering the viewpoint of contractors.

Analysis of Change of Construction Material Price by International Oil Price Fluctuation (국제유가 변동에 따른 건설자재가격 변화 분석)

  • Park, Jin-Yong;Byun, Jeong-Yoon;Yoo, Seung-Kyu;Kim, Ju-Hyung;Kim, Jae-Jun
    • Proceedings of the Korean Institute of Building Construction Conference
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    • 2012.05a
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    • pp.319-320
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    • 2012
  • International oil prices is the world's leading macroeconomic indicators. Rising international oil price has been worsening. profitability of construction company including material cost as well stagnation in housing market. Thus, according to fluctuations in international oil prices has cost index need to see any change happening there. in this study, 2000 to 2011 interest rates, exchange rates and oil price fluctuations in construction cost is to compare the impact.

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STATISTICALLY PREPROCESSED DATA BASED PARAMETRIC COST MODEL FOR BUILDING PROJECTS

  • Sae-Hyun Ji;Moonseo Park;Hyun-Soo Lee
    • International conference on construction engineering and project management
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    • 2009.05a
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    • pp.417-424
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    • 2009
  • For a construction project to progress smoothly, effective cost estimation is vital, particularly in the conceptual and schematic design stages. In these early phases, despite the fact that initial estimates are highly sensitive to changes in project scope, owners require accurate forecasts which reflect their supplying information. Thus, cost estimators need effective estimation strategies. Practically, parametric cost estimates are the most commonly used method in these initial phases, which utilizes historical cost data (Karshenas 1984, Kirkham 2007). Hence, compilation of historical data regarding appropriate cost variance governing parameters is a prime requirement. However, precedent practice of data mining (data preprocessing) for denoising internal errors or abnormal values is needed before compilation. As an effort to deal with this issue, this research proposed a statistical methodology for data preprocessing and verified that data preprocessing has a positive impact on the enhancement of estimate accuracy and stability. Moreover, Statistically Preprocessed data Based Parametric (SPBP) cost models are developed based on multiple regression equations and verified their effectiveness compared with conventional cost models.

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A METHOD OF REVISING RETRIEVED SIMILAR CASES IN GA-CBR COST MODELS

  • Sooyoung Kim;Hyun-Soo Lee;Moonseo Park;Sae-Hyun Ji;Joseph Ahn
    • International conference on construction engineering and project management
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    • 2011.02a
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    • pp.182-186
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    • 2011
  • Early cost estimates are important to decision-making for a construction project. Moreover, the possibility of reducing the project cost is getting less as the project is progressed. Case-based reasoning (CBR), which can be viewed as an effective method for early cost estimating, is widely utilized recently. Early cost estimates using CBR have advantages over the traditional ones as they produce reasonable outputs and self-studying is possible by simply adding new cases. Case-based reasoning is composed of a cycle of retrieve, reuse, revise, and retain process. However, in the majority of research cases, they are focused on how to retrieve the similar cases, instead of revising the cases which is expected to increase accuracy results of cost estimation. This research suggests a method of revising retrieved similar cases in a GA-CBR cost model which is widely studied and utilized for early cost estimating recently. To validate the proposed method, case study is conducted based on Korean public apartment projects.

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Economic Analysis of Neighborhood Facility using the U-flanged Truss Hybrid Beam (U-플랜지 트러스 복합보를 사용한 근린생활시설의 경제성 분석)

  • Oh, Myoung Ho;Park, Sung Jin;Kim, Young Ho
    • Journal of Korean Association for Spatial Structures
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    • v.21 no.3
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    • pp.77-84
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    • 2021
  • In this study, In order to apply the U-flanged truss hybrid beam to the actual construction site, the structural design of the basic module of the middle and low-rise neighborhood living facilities was performed according to the Korea Design Standard, and the construction cost and construction period were compared with the traditional reinforced concrete structure system. As a result of analyzing the construction cost for the basic module, if the U-flanged truss hybrid beam and D-Deck slab system are used, the construction cost can be reduced by 86% compared to the traditional reinforced concrete structure system. In addition, as a result of analyzing the construction period for a floor area of 1,000m2, using the U-flanged truss hybrid beam and D-Deck slab system can save 2.0days in construction period compared to the traditional reinforced concrete structure system. Therefore, the U-flange truss hybrid beam can secure sufficient economic feasibility compared to the existing reinforced concrete method in terms of cost reduction and shortening of construction period.