• Title/Summary/Keyword: Project cost

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A Study on the Prediction of Civil Construction Cost on Apartment Housing Projects at the Early Stage (사업 초기단계에서 공동주택 토목공사비의 예측에 관한 연구)

  • Ha, Kyu-Soo;Lee, Jin-Kyoo
    • Journal of the Korea Academia-Industrial cooperation Society
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    • v.13 no.9
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    • pp.4284-4293
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    • 2012
  • At the early construction project stage, the most important task is to estimate planned construction costs analyzed with detailed information. Therefore, in this study, Apartment Housing Projects at the Early Stage of Civil Construction Cost of the reasonable and accurate predictions of the Regression analysis to 170 of actual Construction Cost, and dependent variable regression to Civil Construction Cost, location based national land area based on a combination of private land, union land, public land to the use of predictive models by various analyses of the ease and accuracy. As a result, Civil Construction Cost of Apartment Housing Projects by the regression formula for the error rate estimates in national land predictive model 15.59%, private land predictive model 17.53%, union land predictive model 21.86%, public land predictive model 13.08%.

Multi-functional Benefits & Costs Analysis of Tide Land Reclamation Project and Development Guidelines in the Future (간척사업(干拓事業)의 다기능적(多機能的) 편익(便益)-비용분석(費用分析)과 발전방향(發展方向))

  • Lim, Jae Hwan
    • Korean Journal of Agricultural Science
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    • v.32 no.2
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    • pp.107-126
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    • 2005
  • The most limited production resource in Korea is land. During the period from 1995 to 2002, annual farm land area of 17,600ha have been converted to urban and industrial land. The self-sufficiency rate of rice, Korean staple food, is expected to be decreased from 97.5% in 2003 to 60-70% in 2020. Under such conditions, this study is aimed at first identifying multi-functional benefits of the reclamation projects such as agricultural production, industrial water supply, urban land supply, transportation effects, sightseeing effects and environmental values with and without the projects. To carry out the objectives, three existing tideland reclamation projects such as Daeho, Kumgang and Yongsangang irrigation project stage II were evaluated and Saemangeum tideland reclamation project which was jointly revaluated by environmental NGO and Govn't appointed specialists in 2000 was reviewed. According to this study results, tide land reclamation projects were showed financially and economically feasible and environmentally sustainable. The joint cost like estuary dam should be allocated based on the multi-functional benefits of the projects. To allocate the joint cost, legal and institutional improvement should adapt the joint cost allocation method as the specific cost-remaining benefit method. Korea has more than 402,000 ha of tidal flat of which 76,396ha have been reclaimed in 2003. To meet food security and to cope with shortage of land, phil-environmental reclamation projects should be continuously implemented and necessary tidal flats for protecting environmental ecosystem should be remained according to the detail survey results of reclaimable resources.

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A Case Study on the Improvement Plan for Cost Prediction of Educational BTL Project based on Running Cost Analysis (교육시설 BTL사업의 유지관리비용 비교분석을 통한 비용추정 개선방안에 관한 사례연구)

  • Park, Moon-Sun;Song, Chang-Youg;Kim, Yong-Su
    • Korean Journal of Construction Engineering and Management
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    • v.8 no.6
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    • pp.139-149
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    • 2007
  • The purpose of this study is to examine the problem of BTL(Build Transfer Lease) projects through comparative analysis on running costs, focusing on primary school, junior and senior high school education facilities, and then to provide useful information on the estimation of running costs by suggesting valid cost criteria. For this, eight schools from A and B consulting firms were sampled from capital region and other areas. Sampled schools were classified into four categories according to school grade, and running cost data are collected and analyzed from relative view points. The results of this study are as follows: 1) running costs which are analyzed by categories show some difference among sub-items, 2) major problems related to running cost prediction of BTL projects are revealed and improvement schemes are suggested for two groups (Owner and Project applicants).

A Study on the Model of Artificial Neural Network for Construction Cost Estimation of Educational Facilities at Conceptual Stage (교육시설의 개념단계 공사비예측을 위한 인공신경망모델 개발에 관한 연구)

  • Son, Jae-Ho;Kim, Chung-Yung
    • Korean Journal of Construction Engineering and Management
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    • v.7 no.4 s.32
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    • pp.91-99
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    • 2006
  • The purpose of this study is propose an Artificial Neural Network(ANN) model for the construction estimate of the public educational facility at conceptual stage. The current method for the preliminary cost estimate of the public educational facility uses a single-parameter which is based on basic criteria such as a gross floor area. However, its accuracy is low due to the nature of the method. When the difference between the conceptual estimate and detailed estimate is huge, the project has to be modified to meet the established budget. Thus, the ANN model is developed by using multi-parameters in order to estimate the project budget cost more accurately. The result of the research shows 6.82% of the testing error rates when the developed model was tested. The error rates and the error range of the developed model are smaller than those of the general preliminary estimating model at conceptual stage. Since the proposed ANN model was trained using the detailed estimate information of the past 5 years' school construction data, it is expected to forecast the school project cost accurately.

OPTIMIZING QUALITY AND COST OF METAL CURTAIN WALL USING MULTI-OBJECTIVE GENETIC ALGORITHM AND QUALITY FUNCTION DEPLOYMENT

  • Tae-Kyung Lim;Chang-Baek Son;Jae-Jin Son;Dong-Eun Lee
    • International conference on construction engineering and project management
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    • 2009.05a
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    • pp.409-416
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    • 2009
  • This paper presents a tool called Quality-Cost optimization system (QCOS), which integrates Multi-Objective Genetic Algorithm (MOGA) and Quality Function Deployment (QFD), for tradeoff between quality and cost of the unitized metal curtain-wall unit. A construction owner as the external customer pursues to maximize the quality of the curtain-wall unit. However, the contractor as the internal customer pursues to minimize the cost involved in designing, manufacturing and installing the curtain-wall unit. It is crucial for project manager to find the tradeoff point which satisfies the conflicting interests pursued by the both parties. The system would be beneficial to establish a quality plan satisfying the both parties. Survey questionnaires were administered to the construction owner who has an experience of curtain-wall project, the architects who are the independent assessor, and the contractors who were involved in curtain-wall design and installation. The Customer Requirements (CRs) and their importance weights, the relationship between CRs and Technical Attributes (TAs) consisting of a curtain-wall unit, and the cost ratios of each components consisting curtain-wall unit are obtained from the three groups mentioned previously. The data obtained from the surveys were used as the QFD input to compute the Owner Satisfaction (OS) and Contractor Satisfaction (CS). MOGA is applied to optimize resource allocation under limited budget when multi-objectives, OS and CS, are pursued at the same time. The deterministic multi-objective optimization method using MOGA and QFD is extended to stochastic model to better deal with the uncertainties of QFD input and the variability of QFD output. A case study demonstrates the system and verifies the system conformance.

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An Empirical Analysis on the Presumption of Public Apartment's Construction Cost in Housing Land Development Project (택지개발사업의 공공주택건설공사비 추정의 실증적 분석)

  • Kim, Seong-Hee
    • Korean Journal of Construction Engineering and Management
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    • v.12 no.2
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    • pp.81-88
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    • 2011
  • Providers haven't recently had a flexible construction cost estimation system to meet various needs of consumers about public housing. So the subject of this study is to estimate construction cost reasonably in early project stage of public housing and then develop reliable means which is able to support construction cost management and establish a adequate funding investment plan as a provider. In this study, Regression analysis was performed by the case on 20 public apartment complex which were designed from the first half of 2007 to the first half of 2008. A total construction cost of construction, civil engineering, machinery, elevator, land scape, electricity and communication work was used as one sample for increasing explanation and representativeness of the case. In addition, The total construction cost which is devided into design, contract and completion cost was variously analysed for increasing relevance of model and actual utilization. The result of estimation model based on a total construction cost set up completion and design cost showed that error rate is within 2%, which is a excellent result. The estimation model of the construction cost developed by this study is expected to estimate approximate construction cost which is adjacent real construction cost in early stage of the project by using some data.

A Competitive Core Technology Proposal for a Remodeling Project (경쟁력 있는 리모델링 공사를 위한 요소기술 도출)

  • Han, Ju-Yeoun;Kim, Ki-Hyun
    • Proceedings of the Korean Institute Of Construction Engineering and Management
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    • 2008.11a
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    • pp.785-789
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    • 2008
  • As people pays more attention to remodeling as a method to effectively improve, maintain, and manage building properties, it is important to ensure the economic feasibility of remodeling compared to reconstruction, instead of focusing on systematic regulations. In order to identify core technologies, the study set criteria to survey cost of a remodeling project by analyzing current status of remodeling projects. Based on the criteria, the study calculated average construction cost for five remodeling projects that were conducted recently, compared the cost with new construction projects, and examined major level works that are essential in a remodeling project. Based on the major level works, the study conducted interviews with construction experts to draw core technologies in design, structure and construction of a remodeling project.

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Advanced Time-Cost Trade-Off Model using Mixed Integer Programming (혼합정수 프로그래밍 기법을 이용한 진보된 Time-Cost Trade-Off Model)

  • Kwon, Obin;Lee, Seunghyun;Son, Jaeho
    • Korean Journal of Construction Engineering and Management
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    • v.16 no.6
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    • pp.53-62
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    • 2015
  • Time-Cost Trade-Off (TCTO) model is an important model in the construction project planning and control area. Two types of Existing TCTO model, continuous and discrete TCTO model, have been developed by researchers. However, Using only one type of model has a limitation to represent a realistic crash scenario of activities in the project. Thus, this paper presents a comprehensive TCTO model that combines a continuous and discrete model. Additional advanced features for non-linear relationship, incentive, and liquidated damage are included in the TCTO model. These features make the proposed model more applicable to the construction project. One CPM network with 6 activities is used to explain the proposed model. The model found an optimal schedule for the example to satisfy all the constraints. The results show that new model can represent more flexible crash scenario in TCTO model.

A Study of the Decision Making System in adopting Off-Site Construction Method in the Initial Stage Considering the Building Project Characteristics -Focused on Structure Work of Apartment Housing- (건축 프로젝트 특성을 고려한 초기 단계에서의 Off-Site Construction 공법 도입 여부 의사 결정 시스템 개발 - 공동주택 골조공사 중심으로 -)

  • Lee, Sungho;Cha, Heesung;Son, Bosik
    • Korean Journal of Construction Engineering and Management
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    • v.23 no.1
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    • pp.89-97
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    • 2022
  • Recently, various problems such as reduced productivity, insufficient inflow of skilled manpower, reduced quality, and concerns about increasing safety accidents have appeared in the domestic construction industry. Stakeholder of construction project are considering the Off-Site Construction (OSC) method rather than the conventional on-site construction as an alternative. Despite the importance of decision making in the early stage of the adoption of OSC, there is a lack of methodologies for rational decision making. In this study, a decision making system has been developed to derive the final construction cost score by deriving the project characteristics, selecting the construction difficulty index, and developing a cost model for each construction method alternatives to calculate the standard construction cost. Using this system, the OSC method can be effectively evaluated in terms of its feasibility in the early stage of construction