• Title/Summary/Keyword: Project cost

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A Study on the Development of a BIM-based Spatial Planning Simulation System for Architectural Planning Stage Support (건축기획단계 지원을 위한 BIM 기반 공간계획 시뮬레이션 시스템 개발에 관한 연구)

  • Choi, Sun-Young;Choi, Ju-Won;Kim, Ju-Hyung;Kim, Jae-Jun
    • Journal of KIBIM
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    • v.1 no.2
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    • pp.19-23
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    • 2011
  • The planning stage of an architectural project has much more significant effects on the cost or outcome of the project than other stages of the project. In addition, the importance of architectural planning has been further increasing according to the recent trend of construction projects becoming larger in scale and more complex. In spite of this, the current situation is that the planning stage work is not being systematically managed. Accordingly, the purpose of this study was to develop a BIM-based simulation system for providing support during architectural planning stage such as spatial planning & review, cost review, project owner requirements management, etc. It is easy to review various alternatives using this system that allows not only the modeling of space object modeling but also the instantaneous review of spatial area & layout, cost, etc. based on object information. In addition, it can be used as a communication tool with the project owner as it provides the visualized information and quantitative data of the building model, and the information created through this system can be delivered to the following stage for usage. It is thought that using this system, the entire project work including the architectural planning stage can be supported and even contributing to the advancement of architectural process.

Economic Effect Analysis of Pyongyang's 50,000 Housing Units Construction Project (평양 5만세대 주택건설계획의 경제적 효과 분석)

  • JooYung Lee
    • Analyses & Alternatives
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    • v.8 no.1
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    • pp.87-109
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    • 2024
  • At the 8th Party Congress in 2021, North Korea announced a plan to build 50,000 housing units in Pyongyang, and this paper analyzes the economic effects and related informal costs of of the project. Currently, Pyongyang is experiencing a significant housing shortage. It is estimated that the number of households in Pyongyang increased by 184,000 between 1994 and 2020, while the estimated new housing supply during the period was only 30,000. Pyongyang's 50,000 housing units construction project is characterized by the goal of improving the living conditions of workers, the application of the new city construction method, and the largest state-led housing construction since the Arduous March. The project is expected to generate economic effects such as increasing workers' motivation to work, increasing tourism resources, and generating income from related industries. On the one hand, a significant portion of the construction cost of the 50,000-unit housing project in Pyongyang is passed on to companies and households in the form of informal cost such as quasi-taxes and manpower mobilization. In addition, there may be congestion in the power supply and sewerage facilities that occur when moving in. If these costs are not taken into account, the feasibility of a housing construction project may not be properly assessed, making it difficult to sustain it in the long term.

A Study of the Application for Proper Construction Cost Estimating Method based on the Actual Cost Data (실적자료에 의한 적정 건축공사비 산정 방법에 관한 사례연구)

  • Cho Jae-Ho;Park Sang-Jun;Chun Jae-Youl
    • Proceedings of the Korean Institute Of Construction Engineering and Management
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    • autumn
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    • pp.383-386
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    • 2001
  • The ability to make good cost overruns predictions is a very important aspect of in major construction project. The probabilistic cost models can provide more reliable than traditional cost models which have been used in korea to prepare Bill of Quantities, if the actual cost data are sufficient enough to analyze the trends of the variables. The paper considers non-deterministic methods 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 objectives of this research is to develop a method to forecast the probabilistic total construction cost and the elemental work cost

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Optimizing Total Transport Cost Incurred under Specific Port System: With a Case of Managing POSCO-owned Berths (특수항만구조하에서의 물류비용 최적화에 관한 연구 - 포항제철의 원료부두 사례를 중심으로 -)

  • Kim, Weon-Jae
    • Journal of Korea Port Economic Association
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    • v.26 no.3
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    • pp.42-55
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    • 2010
  • This paper primarily deals with a decision-making for determining the number of voyages in each ship size under a specific port structure in order to minimize the total transport cost consisting of transport cost at sea, queuing cost in port, and inventory cost in yard. As a result of computer simulation using queuing model characterized by inter-arrival time distribution, we were able to find out some combination of voyage numbers of 3 ship-size(50,000-ton, 100,000-ton, and 200,000-ton), where the total transport cost can be minimized under a specific port structure. The simulation model also allows us to figure out any trade-off relationship among sea transport cost, queuing cost in port, and inventory cost in yard. Put it differently, an attempt to reduce the sea transport cost by increasing the number of voyages of the largest ship size, the transport cost incurred in both port and yard is hypothesized to be increased and vice versa. Consequently, Port managers are required to adjust the number of annual number of voyages allocated in each ship size, put into the sea lines for importing raw materials, in order to optimize the transport costs incurred under the specific port system. We may consider a net present value(NPV) model for performing an economic feasibility analysis on port investment project. If a total discounted net benefit, including cost savings, exceeds the initial investment for an additional berth construction, then we accept the port investment project. Otherwise, we reject the proposed port investment plan.

Evolutionary Network Optimization: Hybrid Genetic Algorithms Approach

  • Gen, Mitsuo
    • Proceedings of the Korean Institute of Intelligent Systems Conference
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    • 2003.09a
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    • pp.195-204
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    • 2003
  • Network optimization is being increasingly important and fundamental issue in the fields such as engineering, computer science, operations research, transportation, telecommunication, decision support systems, manufacturing, and airline scheduling. Networks provide a useful way to modeling real world problems and are extensively used in practice. Many real world applications impose on more complex issues, such as, complex structure, complex constraints, and multiple objects to be handled simultaneously and make the problem intractable to the traditional approaches. Recent advances in evolutionary computation have made it possible to solve such practical network optimization problems. The invited talk introduces a thorough treatment of evolutionary approaches, i.e., hybrid genetic algorithms approach to network optimization problems, such as, fixed charge transportation problem, minimum cost and maximum flow problem, minimum spanning tree problem, multiple project scheduling problems, scheduling problem in FMS.

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A Preliminary Study of the evaluating and improving WLCM for construction project based on BIM (BIM기반 프로젝트의 WLCM (Whole Life-Cycle Management) 적용모델 개발을 위한 기초연구)

  • Lee, Geun-Ho;Lim, Hyoung-Chul
    • Proceedings of the Korean Institute of Building Construction Conference
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    • 2011.11a
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    • pp.13-14
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    • 2011
  • The main purpose of this research is to propose standardization of construction components design with BIM and to develop WLCM Framework and Application System for supply chain management on interaction of stakeholders based on proposed standard component. To accomplish main purpose of this research, we planned three years period, in first year, we will develop model for building lifecycle based on BIM, and this model can give the chance of collaboration with stakeholders of building project. In second year, we will develop WLCM system with model, and to improve performance of application model/system. This study can contribute on reduction of whole lifecycle cost, with preventing omission of factors on cost reduction possibility, develop concurrent engineering framework for construction stakeholders with proposed BIM.

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Improvement contract sum adjustment method caused by price fluctuation (물가변동에 의한 계약금액 조정방안 개선 기초연구)

  • Cho Hun-Hee;Seo Jang-Woo
    • Proceedings of the Korean Institute of Building Construction Conference
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    • v.y2004m10
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    • pp.83-86
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    • 2004
  • Index adjusted ration method has been widely utilized in public construction secter for contract sum adjustment by price fluctuation. In this method. the Production Price Index are used for calculating the base ratio. but the PPI can't reflect the property of construction project in respect of the selected item and weight structure. In this research we prove the problem of using the index adjusted ration method in contract sum adjustment by price fluctuation. and improve it by using the construction cost index. which has the property of construction project. And the result. we figure out the difference between the PPI and CCI by $6.7\%$ in maximum value.

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An Analysis on Relations between Design Errors Detected during BIM-based Design Validation and the Impacts Using Logistic Regression (로지스틱 회귀분석을 이용한 BIM 설계 검토에 의하여 발견된 설계 오류와 그 영향도간의 관계 분석)

  • Won, Jongsung
    • Proceedings of the Korean Institute of Building Construction Conference
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    • 2017.05a
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    • pp.264-265
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    • 2017
  • This paper aims to analyze relations between design errors prevented by building information modeling (BIM)-based design validation and their impacts in order to identify critical consideration factors for successfully implementing BIM-based design validation in the architecture, engineering, and construction (AEC) projects. More than 800 design errors detected by BIM-based design validation in two BIM-based projects in South Korea are categorized according to its causes and work types. The relations between causes and work types of design errors and project delay, cost overrun, low quality, and rework generation that can be caused by the errors are analyzed through conducting logistic regression. Characteristics of each design error are analyzed by conducting face-to-face interviews with practitioners in the two BIM-based projects. As the results, the impacts of design error causes on predicting project delay, cost overrun, low quality, and rework generation were the highest.

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A Model Study for Software Development Effort and Cost Estimation by Adaptive Neural Fuzzy Inference System

  • Kim, Dong-Hwa
    • 제어로봇시스템학회:학술대회논문집
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    • 2000.10a
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    • pp.376-376
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    • 2000
  • Several algorithmic models have been proposed to estimate software cost and other management parameters. In particular, early prediction of completion time is absolutely essential for proper advance planning and a version of the possible ruin of a project. However, estimation is difficult because of its similarity to export judgment approaches and for its potential as an expert assistant in support of human judgment. Especially, the nature of the Norden/Rayleigh curve used by Putnam, renders it unreliable during the initial phases of the project, in projects involving a fast manpower buildup, as is the case with most software projects. Estimating software development effort is more complexity, because of infrastructure software related to target-machines hardware and process characteristics should be considered in software development for DCS (Distributed Control System). In this paper, we propose software development effort estimation technique using adaptive neural fuzzy inference system. The methods is applied to case-based projects and discussed.

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ICT Implementation for Materials Management in Construction Projects: Case Studies

  • Kasim, Narimah
    • Journal of Construction Engineering and Project Management
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    • v.1 no.1
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    • pp.31-36
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    • 2011
  • Construction materials usually constitute a major portion of the total cost in a building construction project. Materials management Is made problematic by materials shortages, delays in supply, price fluctuations, damage and wastage, and lack of storage space. Despite the potential benefit of ICT, convincing construction organisations to embrace its use and implementation has proved a difficult task. This study seeks to identify the implementation of ICT for materials management processes in construction projects. The findings from the case studies reveal that the implementation of ICT in the materials management processes for construction projects in Malaysia Is at early stage. Microsoft Excel Spreadsheet and handheld devices are found to be the common ICT tools adopted in the materials management processes. The main barrier is found to be the cost involvement at the initial stage or overall implementation of ICT in the materials management processes. Finally, this paper concludes the finding from interviews towards the ICT implementation of materials management in the construction projects.