• Title/Summary/Keyword: Project Life Cycle Cost

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A STUDY ON THE LIFE-CYCLE FOR SELECTING A GRATING

  • Yun-Sik Kim;Dong-Wan Kang;Taehoon Hong;Chang-Taek Hyun
    • International conference on construction engineering and project management
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    • 2009.05a
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    • pp.1189-1194
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    • 2009
  • A gutter-shaped U grating is a facility that is installed at the sides of a road to provide pedestrians with a rainwater-free road. The previous studies on this facility focused mainly on the progress of the efforts that are being made to improve its performance and interception efficiency so as to prevent damages in regional areas due to the heavy rains caused by climate change. The studies on its maintenance, however, are still inadequate. Therefore, this study was conducted to analyze and compare the life cycle costs and performance evaluations of the steel and magic gratings, which are installed in apartments. The results of the study show that the replacement period and rate of gratings differ depending on where they are installed. The initial capital investment cost of a magic grating installed at a road where many vehicles pass is quite high, but in terms of its maintenance and entire-life-cycle costs, its total expenses are lower than those of a steel grating. The results of this study are expected to serve as preliminary data for the selection of an adequate grating that is suitable for particular places in the design phase of construction projects.

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ROADWAY PERFORMANCE EVALUATION USING FUNCTION ANALYSIS METHOD OF VALUE ENGINEERING

  • Jong-Hyun Park;Yong-Jang Lee;In-Su Jung;Chan-Sik Lee
    • International conference on construction engineering and project management
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    • 2009.05a
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    • pp.1528-1533
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    • 2009
  • Infrastructure is provided to the user through long-term project period and large-scale working expenses. Existing facilities are getting old as time goes by. Accordingly, proper maintenance is required and generally more maintenance cost than initial invested cost is needed during life cycle. Therefore, a specific plan that just increases the value of facilities is required by evaluating performance of facilities and inputting minimum maintenance cost. Value engineering that increases the value of object by systemically analyzing Life Cycle Costs and function is actively promoted at the design phase of construction. These efforts can increase the performance of facilities at the maintenance phase of infrastructure. This study is to search how to evaluate the performance of Roadway by utilizing function analysis, as a core part of VE in the maintenance phase. In order to this a new evaluation criteria were proposed by adding an evaluation items to the existing criteria through the research of old documents, status of roadway maintenance and function analysis of VE. The results of this study may promote the effective performance evaluation to determine a resolution of roadway congestion in future. A succeeding study using the proposed evaluation criteria will be required.

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Methodology for Estimating the HTS Cable Market Price (초전도케이블 시장진입 가격 산정 방법론 고찰)

  • Kim Jong-Yul;Lee Seung-Ryul;Yoon Jae-Young
    • The Transactions of the Korean Institute of Electrical Engineers A
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    • v.53 no.10
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    • pp.536-541
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    • 2004
  • As power demand increases gradually, the call for underground transmission system increases. But it is very difficult and high in cost to construct new ducts and/or tunnels for power cables in metropolitan areas. HTS (High Temperature Superconducting) cable has the several useful characteristics such as increased power density, stronger magnetic fields and/or reduced losses. Therefore HTS cable can allow more power to be moved in existing ducts, which means very large economical and environmental benefits. In these days, companies world-wide have conducted researches on HTS cable. A development project for a 22.9kV class HTS cable is proceeding at a research center and university in Korea. In this paper, we investigate the expected price of HTS cable to have a merit in viewpoint of economic aspect. First, life-cycle cost of conventional cable is calculated and based on this, the expected price of HTS cable is evaluated, which HTS cable is competitive against conventional cable.

Framework on a Prediction Model for Building Repair & Maintenance Using Big Data Analytic Approach (Big Data 분석 방법론을 이용한 건물 유지보수 예측 모형 기본 방안 개발)

  • Lee, Eun-Ji;Choi, Byoung-Il;Ko, Yong-Ho;Han, Seung-woo
    • Proceedings of the Korean Institute of Building Construction Conference
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    • 2013.11a
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    • pp.114-115
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    • 2013
  • The maintenance and repair period consists the largest part of a construction project life cycle cost. However, it has been analyzed that the repairing plan relies on regulations and the officers' experience mostly that sometimes lead to performing unnecessary work. Moreover, the data occurred during repairing have not been stored in a system that can be used in future plans. Therefore, the purpose of this study is to suggest a repairing cost and time predicting model by applying the properties of the building.

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Economic Evaluation of HTS Transformer by Predicting Market Penetration Price (초전도변압기 시장진입가격 예측을 통한 경제성 분석)

  • 김종율;이승렬;윤재영
    • The Transactions of the Korean Institute of Electrical Engineers A
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    • v.53 no.9
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    • pp.507-512
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    • 2004
  • HTS (High Temperature Superconducting) Transformer has the several useful characteristics in the viewpoints of technical and economical. Especially, an HTS transformer replaces the copper wire coils in a conventional transformer with lower loss HTS wire. In addition, inexpensive, environmentally benign liquid nitrogen replaces the conventional oil as the electrical insulation (dielectric) and provides the necessary cooling for the HTS transformer Therefore, the Life-cycle cost of an HTS transformer is much more attractive than conventional because it is more energy efficient, lighter in weight, smaller in size, and environmentally compliant. HTS transformer can be the best way to replace with conventional transformer in the future. In these days, companies world-wide have conducted researches on HTS transformer. A development project for a 154kV HTS transformer is proceeding at a research center and university in Korea. In this paper, we investigate the expected price of HTS transformer to have a merit in viewpoint of economic aspect. First, life-cycle cost of conventional transformer is calculated and based on this, the expected price of HTS transformer is evaluated. which HTS transformer is competitive against conventional transformer.

Automated Life-Cycle Management System Based on SCM for Super High-rise Buildings Construction (SCM기반 Automated Life-Cycle Management System 구축방안 - 초고층 빌딩 커튼월을 중심으로 -)

  • Yoon Jeong-Hwan;Kim Yea-Sang;Chin Sang-Yoon;Kim Chang-Duk;Choi Yoon-Ki;Chun Jae-Youl;Lim Hyung-Chul
    • Proceedings of the Korean Institute Of Construction Engineering and Management
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    • autumn
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    • pp.430-433
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    • 2003
  • Cost, schedule, quality are the essential parts of success of every construction project. It is especially true in high-rise building construction. Among the construction components in high-rise building construction, curtain walls are very important elements for the project success because they take large portion of cost and schedule. However, curtain wall construction process are very complicated, where many entities including designers, suppliers, contractors and even maintenance contractors are involved. Therefore, control and management of their relationships and production process are critical. It is suggested that this can be solved by the concept of Supply Chain Management which is supported by the automated information technology with Radio Frequency Identification. Such concept is defined as 'Automated Life-Cycle Management System Based On SCM' and this study suggests rode map to establish the system.

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Technology Readiness Level Assignment to Industrial Plant System Life Cycle

  • Salim, Shelly;Jo, Raehyeok;Lee, Taekyeong;Lee, Joongyoon
    • Journal of the Korean Society of Systems Engineering
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    • v.11 no.2
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    • pp.1-11
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    • 2015
  • During the industrial plant system life cycle, required technologies are developed and assessed to analyze their performance, risks and costs. The assessment is called technology readiness assessment (TRA) and the measure of readiness is called technology readiness level (TRL). The TRL consists of 9 levels and through the TRL assessment, the technology to be developed and its components are assigned to their appropriate TRL. TRL assessment should be performed in each life cycle stages to monitor the technology readiness and analyze the potential risks and costs. However, even though the concept of TRL has been largely adopted by numerous organizations and industry, direct and clear assignment of target TRL for each life cycle stage has been overlooked. Direct mapping/assignment of target TRL for each life cycle has benefits as follow: (1) the technical risks condition of each life cycle stage can be better understood, (2) cost incurred if the technology development is failed can be analyzed in each life cycle stage, and (3) more effective decision making because the technology readiness achievement for each life cycle stages is agreed beforehand. In this paper, we propose a steel-making plant system life cycle and TRL assignment to each of the system life cycle stage. By directly assigning target TRL for each life cycle stages, we look forward to a more coordinated (in terms of exit criteria) and highly effective (in terms of technical risks identification and eventually prevent project failure) technology development and assessment processes.

Applications of bridge information modeling in bridges life cycle

  • Marzouk, Mohamed M.;Hisham, Mohamed;Al-Gahtani, Khalid
    • Smart Structures and Systems
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    • v.13 no.3
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    • pp.407-418
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    • 2014
  • The purpose of this paper is to present an Integrated Life Cycle Bridge Information Modeling that can be used throughout different phases of the bridge life cycle including: design, construction, and operation and maintenance phases. Bridge Information Modeling (BrIM) has become an effective tool in bridge engineering and construction. It has been used in obtaining accurate shop drawings, cost estimation, and visualization. In this paper, BrIM is used as an integrated tool for bridges life cycle information modeling. In the design phase, BrIM model can be used in obtaining optimum construction methods and performing structural advanced analysis. During construction phase, the model selects the appropriate locations for mobile cranes, monitors the status of precast components, and controls documents. Whereas, it acts as a tool for bridge management system in operation and maintenance phase. The paper provides a detailed description for each use of BrIM model in design, construction, and operation and maintenance phases of bridges. It is proven that BrIM is an effective tool for bridge management systems throughout their life phases.

Managing Mega-Project Complexity in Five Dimensions

  • Gransberg, Douglas D.;Jeong, H. David
    • International conference on construction engineering and project management
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    • 2015.10a
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    • pp.6-9
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    • 2015
  • Traditional project management theory is based on a three-dimensional life cycle approach where the project managerseeks to optimize the dimensions of cost-schedule-technical (quality or design). This paper reports the findings of a case study analysis of two complex mega-projects in Michigan which confirm the findings of previous research and illustrates the use of a framework for five-dimensional project management (5DPM) that is for conceptualizing a complex project's scope of work. The framework elevates the recognition that the project's social/political context and the financial arrangements create complexity adding two new dimensions. This paper also demonstrates a methodology to graphically display a project's complexity to better understand and prioritize the available resources. The result is a "complexity footprint" that may help a complex project manager identify the boundary between controllable and uncontrollable projects impacts. The paper finds that applying 5DPM to the two case study projects has given the project delivery team a tool which is actually adding value to the complex project management process.

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Development of Tunnel Asset Management (TAM) Program

  • Hamed Zamenian;Dae-Hyun (Dan) Koo
    • International conference on construction engineering and project management
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    • 2013.01a
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    • pp.576-582
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    • 2013
  • Typical highway infrastructure systems include roadway pavement, drainage systems, tunneling, and other hardware components such as guardrails, traffic signs, and lighting. Tunnels in a highway system have provided significant advantages to overcoming various natural challenges including crossing underneath bodies of water or through mountainous areas. While only a few tunnel failure cases have been reported, the failure rate is likely to increase as these assets age and because agencies have not emphasized tunneling asset management. A tunnel system undergoes a deterioration life cycle pattern that is similar to other infrastructure systems. There are very few agencies in the United States implementing comprehensive tunnel asset management programs. While current tunnel asset management programs focus on inspection, maintenance, and operation safety, there is an increasing need for the development of a comprehensive life cycle tunnel asset management program. This paper describes a conceptual framework for a comprehensive tunnel asset management program. The framework consists of three basic phases including a strategic plan, a tactical plan, and an operational plan to provide better information to the decision makers. The strategic plan is a basic long term approach of tunnel asset management. The tactical plan determines specific objectives and the operational plan actually applies asset management objectives in practice. The information includes operational condition, structural condition, efficiency of the system, emergency response, and life cycle cost analysis for tunnel capital improvement project planning.

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