• Title/Summary/Keyword: Project cost

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A Study on Cost Benefit Analysis Optimization Model for Water Distribution Network Rehabilitation Project of Taebaek Region (태백권 배수관망 개량사업의 비용효과분석 최적화 모델 연구)

  • Kim, Taegon;Choi, Taeho;Kim, Kyoungpil;Koo, Jayong
    • Journal of Korean Society of Water and Wastewater
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    • v.29 no.3
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    • pp.395-406
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    • 2015
  • This research carried out an analysis on input cost and leakage reduction effect by leakage reduction method, focusing on the project for establishing an optimal water pipe network management system in the Taebaek region, which has been executed annually since 2009. Based on the result, optimal cost-benefit analysis models for water distribution network rehabilitation project were developed using DEA(data envelopment analysis) and multiple regression analysis, which have been widely utilized for efficiency analysis in public and other projects. DEA and multiple regression analysis were carried out by applying 4 analytical methods involving different ratios and costs. The result showed that the models involving the analytical methods 2 and 4 were of low significance (which therefore were excluded), and only the models involving the analytical methods 1 and 3 were suitable. From the result it was judged that the leakage management method to be executed with the highest priority for the improvement of revenue water ratio was installation of pressure reduction valve, followed by replacement of water distribution pipe, replacement of water supply pipe, and then leakage detection and repair; and that the execution of leakage management methods in this order would be most economical. In addition, replacement of water meter was also shown to be necessary in case there were a large number of defective water meters.

Design Improvements of Investment Analysis System for SOC (SOC투자평가시스템의 체계 및 설계개선)

  • Lee, Jinsun;Nam, Doohee
    • The Journal of the Institute of Internet, Broadcasting and Communication
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    • v.15 no.3
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    • pp.131-136
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    • 2015
  • The feasibility study is an evaluation and analysis of the potential of a proposed project. It is based on extensive investigation and research to support the process of decision making. A systematic approach to determining the optimum use of scarce resources, involving comparison of two or more alternatives in achieving a specific objective under the given assumptions and constraints. Economic analysis takes into account the opportunity costs of resources employed and attempts to measure in monetary terms the private and social costs and benefits of a project to the community or economy. Cost-benefit analysis (CBA), sometimes called benefit-cost analysis (BCA), is a systematic approach to estimating the strengths and weaknesses of alternatives that satisfy transactions, activities or functional requirements for a business. It is a technique that is used to determine options that provide the best approach for the adoption and practice in terms of benefits in labor, time and cost savings etc. The CBA is also defined as a systematic process for calculating and comparing benefits and costs of a project, decision or government policy and projects.

A Production-Installation Simulation Model of Free-Form Concrete Panels

  • Lim, Jeeyoung;Lee, Donghoon;Na, Youngju;Lim, Chaeyeon;Kim, Sunkuk
    • International conference on construction engineering and project management
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    • 2015.10a
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    • pp.401-404
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    • 2015
  • Demand on free-form buildings is gradually increasing, yet owing to the difficulty of production-installation work, several problems occur in the construction phase upon construction of a building, including the increased cost and construction duration, and reduced constructibility. To solve these problems, a techonology to produce FCP using a CNC(Computerized Numeric Control) machine is developed. The technology is that the information of designed free-form buildings to the CNC machine is transferred, and the transferred information is used for RTM(Rod-Type Mold, the mold shaped by back-up rods) and PCM(Phase Change Material) shaping, and the shaped RTM and PCM have the role of molds to produce FCP. Construction duration and project cost are limited in building sites, so the efficiency of processes like production-installation of FCP for application of the technology is significant. Since it is almost impossible to change the production-installation process at the construction phase when they are established, process should be deliberately decided. Therefore, the purpose of the study is to propose a production-installation simulation model of free-form concrete panels, in aspect of PCM. This paper is establishing the process for production-installation of FCP, estimating time required by each construction type and proposing a time simulation model that changes according to various constraints based on the analyses. With the time simulation model, it will be possible to build a cost model and to review the optimal construction duration and project cost.

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Standardization of Factors Classification Associated with Cost and Schedule Variations in Road Construction Projects (도로건설공사 공사비·공사기간 증감요인 분류체계 표준화 연구)

  • Mun, Junbu;Lee, Juhui;Baek, Seungwon;Lee, Kangwook;Yun, Sungmin
    • KSCE Journal of Civil and Environmental Engineering Research
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    • v.43 no.6
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    • pp.821-830
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    • 2023
  • Various studies has tried to unveil causes of cost overrun and schedule delay in the road construction project. However, these causes need standardization due to difference by guidelines, relevant research, and facilities. Therefore, this study identifies and elaborate standard road construction cost and schedule variation factors that can be used in the planning and execution of the project. variation factors have been derived and grouped through literature review and modified and supplemented through expert interview. In addition, the connection with the relevant guidance factors is confirmed and the usability is reviewed by applying actual road construction cases. The factors suggested in this study comprehensively include factors of related guidelines and previous research, more clearly distinguish, support decision making.

Calculation of the target revenue water ratio of local waterworks considering economic feasibility (경제성을 고려한 지방상수도 목표 유수율 산정)

  • Donghong Kim;Jaebum Lee;Jungkwan Song;Taeho Choi
    • Journal of Korean Society of Water and Wastewater
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    • v.37 no.6
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    • pp.311-324
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    • 2023
  • As an advanced study on the method of calculating the target revenue water ratio of local waterworks through the leakage component analysis method proposed by Kim et al. (2022), this study developed a model to calculate the achievable revenue water ratio within the specified project cost, the required project cost to achieve the specified target revenue water ratio, and the economically appropriate target revenue water ratio level by considering the leakage reduction cost and leakage reduction benefit for each revenue water ratio improvement strategy, and conducted an applicability evaluation of the developed model using actual field data. The procedure for calculating the target revenue water ratio of local waterworks considering economics proposed in this study consists of three stages: physical data linkage model construction, leakage component analysis, and economic analysis, and the applicability was evaluated for Zone H with branch type and the Zone M network type. As a result of the application, it was calculated that approximately 32.5 billion won would be required to achieve the target revenue water ratio of 70% in the Zone H, and approximately KRW 10.5 billion would be required to achieve the target revenue water ratio of 75% in the Zone M. If the business scale of Zones H and M was corrected to 10,000 m3/day of water usage, the required project cost for a 1% improvement in the revenue water ratio of Zone H was calculated to be 0.7642 billion won and 0.4715 billion won for Zone M.

Priority Analysis of Project Stage-wise Risk Factors : Focusing on New Product Development Projects in ICT Industry (프로젝트 단계별 리스크 요인들의 우선순위 분석 : ICT(정보통신기술)산업 분야의 신제품 개발 프로젝트를 중심으로)

  • Jang, Heeseok;Choi, Sungyong;Lee, Minho
    • Journal of Korean Society of Industrial and Systems Engineering
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    • v.41 no.3
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    • pp.72-82
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    • 2018
  • In this paper, we identify risk factors that are likely to occur during the lifecycle of a new product development (NPD) project from the literatures, and identify the three objectives or three constraints that will ultimately be achieved for project success in the ICT industry : performance (scope/quality), schedule (time), and cost. Firstly, we interviewed the project experts to classify the risk factors according that the final project objectives are changeable based on scope/quality, time and cost budget constraints. Secondly, the survey for pairwise comparisons between the risk factors was asked to the project managers and members who had ever actually participated in the NPD projects of ICT industry to determine the priority ranks on relative importance using AHP (Analytic Hierarchy Process). The risk factors negatively affecting the goals of projects were analyzed by using the AHP respectively in four project stages during the life cycle of the project. The comparison of risk factors within each stage is a different approach unlike the literatures which have covered project's overall risk assessment. There is an advantage that risk management can be effectively performed with priorities according to each stage from the start to the end of the project. In other words, it is necessary to identify what risk factors will occur in each stage, and to have ideas at each stage with the priorities so that they can be mitigated and eliminated before actual occurrence. As a result, risks on scope & quality changes were found to be the most important considerations for initiative stage of NPD projects in the ICT industry, whereas in the final stage, risks on schedule (time) changes were the most important priorities. Among the ICT industry product categories, 'communication and broadcasting devices' and 'IT and communication based devices' generally have a high priority in terms of risks on scope & quality changes when initiating the project. At the closing stage of the project, however, considering that schedule (time) changeable risk is getting higher, these products tend to target at B2B market rather than B2C because the new products must be delivered and launched in time as customer firm required.

음성이해연구의 동향

  • Lee, Yong-Ju;Kim, Gyeong-Tae
    • ETRI Journal
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    • v.9 no.1
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    • pp.158-164
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    • 1987
  • 최근 음성 정보처리, 특히 맨.머신 인터페이스로서의 음성입출력의 실현에 큰 기대가 모아 져서 각국에서 이에 관련된 연구가 국가규모 또는 국제간의 협력의 형태로 조직적으로 진행되고 있다. 이와 관련한 주요 연구계획들로는 - 프랑스의 GRECO 및 PRC project - 영국의 ALVEY program - 미국의 DARPA project - EC 여러나라간의 ESPRIT program 및 COST 2009 project - NATO의 주도에 의한 RSC 10 program - 일본의 ICOT project 및 ATR International의 자동번역전화 project등을 들수 있다. 본고는 일본음향학회 논문지 1986년 12월호에 게재된 K. Shikano 및 A. Kurematsu(ATR 자동번역전화연구소, 일본)의 동일제목의 해설 기사를 편역한 것으로서 연속음성인식 및 이해에 관한 각국의 연구동향을 정리한 것이다. 특히 DARPA의 연속음성인식 프로젝트를 중심으로한 미국의 연구동향 및 일본 ATR 자동번역전화연구소의 음성이해 시스팀에 대하여 자세히 소개 하고 있다.

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A Case Study of Resolving Conflict in Energy Infrastructure Siting by the Solar PV Project

  • Lee, Jonghwan;Shin, Dong-hwi;Han, Soohee;Roh, Jae Hyung
    • Current Photovoltaic Research
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    • v.8 no.3
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    • pp.79-85
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    • 2020
  • The growing demand for new energy infrastructure has often been encountered with the difficulties of siting in power plants and electric transmission lines. Siting such large-scale and complex facilities produces so many-sided issues that it is highly necessary to develop an approach to resolving the related problems and conflicts. This paper introduces how the stakeholders have handled the issues and resolved conflicts with residents opposed the construction of 765 kV transmission line. The solar photovoltaic power generation, called "Hee-Mang Sunlight Power project", is used for persuading residents to agree with constructing high-voltage transmission line and sharing benefits. It is considered how the project performance such as generation output and resident's profits is and proposed what the project should be revised and supplement. The project is shown that the intractable spiting in energy systems can be smartly resolved with cost-effective institutional solutions instead of relatively expensive technical ones.

A Development Methodology for Quality Assurance System in Large-Scale Software Development Project (대규모 소프트웨어 개발 사업에서의 품질 보증을 위한 개발방법론)

  • 윤석환;박지은;신용백
    • Journal of Korean Society for Quality Management
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    • v.25 no.1
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    • pp.142-155
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    • 1997
  • To successfully carry out large scale research projects while su, pp.rting quality assurance of research output, effective and systematic management through utilization of resources such as manpower, time and cost as well as engineering techniques such as component technology and design methodology is required. It is necessary to establish development methodology to su, pp.rt quality assurance. The development methodology covers the contents and procedures of the project, such as division of the project into independently executable units, allocation of resources including researchers, component technology, related know-how and equipment, deployment of research units and integration of the project at the end. In this paper we present systematic development methodology for quality assurance in large scale software development projects by analyzing the contents of the methodology a, pp.ied to the Gigabit Information-processing And Networking Technology development project(GIALT).

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The problem of using BIM data for facility management (시설물 유지관리를 위한 BIM데이터 전달의 문제점)

  • An, Hyo-Kyung;Lee, Seul-Ki;Yu, Jung-Ho
    • Proceedings of the Korean Institute of Building Construction Conference
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    • 2012.05a
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    • pp.139-140
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    • 2012
  • Facility Management (FM) is a project phase to maintenance and to increase the qualities of product which is planned on the design phase and ensured on the construction phase. In addition, since the approximate time occupied in operation and maintenance phase is the longest from construction project as total approximate cost is about 85% of whole the project, it could be managed and realized primarily. The information of facility is not created on the specific point of project, but it might be created on the whole process of subject project widely. Thus, as the information could not be lost and it can be delivered into computer aided facility management system, it is necessary to manage the facility information. This paper proposed the necessities and the problems of BIM-based data interoperability on the Korean construction projects.

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