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

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The Effects of Slab Size on Pavement Life Cycle Cost

  • Parsons, Timothy A.;Hall, Jim W.Jr
    • International Journal of Highway Engineering
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    • v.8 no.2 s.28
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    • pp.49-54
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    • 2006
  • The purpose of this study was to determine the effect of expansion joint spacing (slab size) on the life cycle costs of owning Portland Cement Concrete (PCC) airfield pavements. Previous research has shown that slab size has a statistically significant impact on pavement performance. A probabilistic life cycle cost analysis was performed to determine if the effect of slab size on pavement performance would affect the total cost of ownership of PCC pavements. Data from 48 Pavement Condition Index (PCI) inspections of military and civilian airfields were used to develop probability-of-distress-by-condition curves, which were then used to develop probabilistic cost-of-repair-by-condition curves. A present worth life cycle cost analysis was then performed for various slab sizes, using construction costs, rehabilitation costs, and maintenance costs. Maintenance costs were determined by assuming a condition deterioration rate appropriate for each slab size and applying the cost-by-condition curves. The probabilistic cost-of-repair-by-condition curves indicated that smaller slabs are more expensive to repair on a unit cost basis. Life cycle cost analysis showed that larger slabs have a higher total cost of ownership than smaller slabs due to a faster rate of deterioration.

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A Study on the Life Cycle Cost Analysis of Railroad Bridges (철도교량의 생애주기비용분석에 관한 연구)

  • Park Mi-Yun;Na Ok-Pin;Hwang Young-Min;Kim Dae-Young;Cho Hyo-Nam
    • Proceedings of the KSR Conference
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    • 2005.05a
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    • pp.574-580
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    • 2005
  • Recently, the number of bridges and tunnels in railway is increasing due to the super high-speedy of train. Also, because of successively accidents of civil structures such as bridges and dams, the importance of maintenance become influential. The purpose of this study is to show the probabilistic life cycle cost analysis technique(PLCC) of the railroad bridge as pubic-infrastructures, and reasonably to indicate the economy in life cycle cost(LCC) through a case study. Rationally for life cycle cost analysis, the data gathered through many materials considered the uncertainty such as covariance. As a result, it is indicated that prestressed concrete bridge is pretty more cost-effective during life-cycle than preflex as well as steel box bridge. In future, if the construction of database and maintenance materials for railroad infrastructure is actualized, the life cycle cost analysis for railroad can be conducted easily and practically.

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A Study on the Design Value Analysis Model Using Probabilistic LCC Analysis of Water Supply System Project (확률적 LCC분석기법을 활용한 수도시설물의 설계VA모델에 관한 연구)

  • Jung Pyung-Ki;Seo Jong-Won;Lim Jong-Kwon
    • Korean Journal of Construction Engineering and Management
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    • v.5 no.2 s.18
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    • pp.181-193
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    • 2004
  • A life cycle cost analysis model for public water supply systems should be different from the ones for other civil and architectural facilities as the operation and the maintenance cost of the water supply systems mainly come from the various mechanical systems and the pipeline systems of the collecting/treating/distributing facilities. This paper presents a cost classification scheme and a probabilistic life cycle cost analysis (PLCCA) model for public water supply systems. A value analysis (VA) procedure that is well suited for practical purposes is also presented. The presented probabilistic life cycle model and the value analysis procedure were applied to a real world project, and this case study is discussed in the paper. The model and the procedure presented in this study can greatly contribute to the value-oriented design alternative selection, the estimation of the maintenance cost, and the allocation of budget for water supply system construction projects.

Optimum Service Life Management Based on Probabilistic Life-Cycle Cost-Benefit Analysis (확률론적 생애주기비용-이익분석 기반 수명관리 최적화 기법)

  • Kim, Sunyong
    • 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.

Probability- based Life Cycle Cost Analysis of Railroad Structures (확률적 방법에 의한 철도시설물의 LCC 분석)

  • Sho Byung-Choon;Choi Young-Min;Cho Sun-Kyu;Shin Kyung-Chul;Jung Jae-Dong
    • Proceedings of the KSR Conference
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    • 2004.10a
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    • pp.971-976
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    • 2004
  • The management of railroad structures is more difficult and complicate because there are many structures such as rail, bridge, tunnel, station, and so on. Therefore, LCC(Life Cycle Cost) analysis of railroad structures as public infrastructure must contain a maintenance cost as well as an initial cost in order to make a more effective management during the life cycle on the design phase. This paper presents a cost classification scheme considering user costs such as value of delayed time of passenger and freight. Also, in this study it is developed a probabilistic life cycle cost(PLCC) analysis model of railroad structures taking into account uncertainties and variations of input variables in order to analyze LCC. It may be stated that the model proposed in this study can greatly contribute to the making optimal decision, the estimate of the maintenance cost and the allocate of budget in the project of railroad structures.

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Application of probabilistic VE/LCC Analysis Models for Quay Wall Structures (안벽구조물의 확률론적 VE/LCC 분석모델 적용방안)

  • Ahn, Jong-Pil;Lee, Cheung-Bin;Park, Ju-Won;Yu, Deog-Chan
    • Korean Journal of Construction Engineering and Management
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    • v.8 no.5
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    • pp.71-79
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    • 2007
  • It is common that the analysis of VE/LCC is performed in design phase of quay wall structures. The analysis is mainly executed based on experience and engineering sense of expert considering the selection of construction method, construction and maintenance cost. Recently there are increasing demands on the analysis that includes uncertainty and vulnerability of input parameters, for this purpose, fuzzy reliability based probabilistic VE/LCC analysis model for quay wall structures is suggested. In VE/LCC analysis for quay wall structures, the application of probabilistic analysis method give very similar results compare with those of deterministic analysis method. It is anticipated that the methodology proposed in this paper can also be utilized in the design and maintenance phase of other facilities where decision making is made for the probabilistic life cycle cost and value analysis.

Life Cycle Cost Analysis for Design of Buildings based on the Lifetime Risk (생애 위험도기반 건축물의 설계단계 생애주기비용 분석 방법)

  • Baek, Byung-Hoon;Cho, Choong-Yeon
    • Korean Journal of Construction Engineering and Management
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    • v.15 no.3
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    • pp.113-119
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    • 2014
  • Recently, the demand on the practical application of life-cycle cost effectiveness for design and rehabilitation of structure is rapidly growing unprecedently in engineering practice. Accordingly, in the 21st century, it is almost obvious that life-cycle cost together with value engineering will become a new paradigm for all engineering decision problems in practice. However, in spite of impressive progress in the researches on the LCC, the most researches have only focused on the Deterministic or Probabilistic LCC analysis approach (Level-1 LCC Model) at design stage. Thus, the goal of this study is to develop a practical and realistic methodology for the Lifetime risk based Life-Cycle Cost (LCC)-effective optimum decision-making at design stage.

Stochastic analysis for Real Rate Interest of Building Life Cycle Cost(LCC) with Monte-Carlo Simulation (몬테카를로 시뮬레이션을 이용한 건축물 생애주기비용(LCC)의 실질할인율에 대한 확률론적 분석)

  • Kim, Bum-Sic;Jung, Young-Han
    • Proceedings of the Korean Institute of Building Construction Conference
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    • 2012.05a
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    • pp.161-163
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    • 2012
  • Recently on Value Engineering(VE) and Life Cycle Cost(LCC) social interests is increasing. The government Turn Key, BTL projects and public works projects, such as VE and LCC Analysis on the value and economic analysis is mandatory. And accordingly the VE and LCC analysis is underway for the various studies. However, there is a problem existing in the LCC analysis. Worth the cost varies according to the flow of time. However, the real interest rate during the LCC analysis of buildings in calculation time for interest rates and inflation are not considering the value of the flow. In other words, a few years using the average value of the deterministic analysis method has been adopted. These costs for the definitive analysis of the cost of an uncertain future, unforeseen changes resulting hazardous value. In this study of the last 15 years interest rates and inflation targeting by using Monte-Carlo Simulation is to perform probabilistic analysis. This potential to overcome uncertainties of the cost of building a more scientific and LCC Estimation of the probability value of the real interest rate is presented.

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A Probabilistic Analysis on the Repair and Replacement Cost of Educational Facilities (교육시설물의 수선교체비용에 대한 확률론적 분석 연구)

  • Yu, Yeong-jin;Son, Kiyoung;Kim, Ji-Myong;Kim, Taihui
    • Journal of the Korean Institute of Educational Facilities
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    • v.25 no.1
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    • pp.3-12
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    • 2018
  • Educational facilities are more uncertain about maintenance costs due to their comprehensive and long life-cycle compared to commercial buildings. In addition, maintenance of the existing post management system can not maintain the original function of education facilities continuously and economically. In order to overcome this problem, it is necessary to analyze the repair and replacement cost for the uncertainty factor in maintenance. This study propose a model to determine repair and maintenance cost and cycle of educational facility based on probabilistic estimation concept. For the analysis, Monte Carlo simulation, a probabilistic analysis method, was applied based on the repair and maintenance history data of the educational facilities in Florida. The results of this study can be used as a guideline for quantitative facility management and facility management research.

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.