• Title/Summary/Keyword: Public cost estimate

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An Empirical analysis of the Effect of Variables on Maintenance Expenses of Public Rental Housing (공공임대주택 시설물 유지관리비 영향요인 실증분석)

  • Kang, Hyun-Kyu;Han, Choong-Hee
    • Korean Journal of Construction Engineering and Management
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    • v.7 no.6
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    • pp.185-192
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    • 2006
  • The maintenance expenses of public rental housing have drastically been increased as facilities become obsolete. As an effective means of managing such a situation, accurate estimating of maintenance expenses and securing financial resources are crucially important. It, therefore, is necessary to analyze major factors affecting on maintenance expenses of public rental housing's facilities, and develop an effective instrument to estimate them. On the other hand, the U.S.A, where approximately 60 percent of public rental housing's operating costs are supported by the state, has already developed an effective tool to forecast operating costs based on several years' actual data. As a result, public rental housing has been operating with a reasonable level. However, there have been no remarkable researches and studies in this field in Korea. In this context, this study attempts to examine principal determinants of maintenance expenses of public rental housing's facilities, and their influence based on the latest five years' actual operating costs. This study may contribute to develop an objective and precise tool to forecast maintenance expenses of public rental housing.

The Cost Structure of the Lines of Urban Railway (도시철도 노선의 비용구조 분석)

  • Kim, Soo Hyun;Jung, Hun Young
    • KSCE Journal of Civil and Environmental Engineering Research
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    • v.34 no.5
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    • pp.1559-1569
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    • 2014
  • The purpose of this study is to estimate the degree of cost inefficiency for the urban railway lines of a metropolitan city operated by public institutions in Korea and identify the causes of this inefficiency. To this end, we assume that the urban railway lines produce the output of train-km by putting three production factors of labor, electric power and maintenance and set the variable cost function model with the translog function to make a stochastic cost frontier analysis. Based on estimated result, we conclude that the cost savings for 6 years of all lines are about 6,672 hundred million won and top five lines with high inefficiency are Busan Line1, Daegu Line1, Daejeon Line1, Gwangju Line1, and Daegu Line2. The causes of inefficiency are attributable to labor and maintenance factors. The results of this study can be useful in case of finding the priorities of measures and specific plans for reducing labor and maintenance costs in the urban railway operation.

A Feasibility Study of the Construction Project in Pre-Design Phase (건설 프로젝트의 사업타당성 분석에 관한 연구)

  • 노병옥;이상범;임남기
    • Proceedings of the Korean Institute of Building Construction Conference
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    • 2002.05a
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    • pp.109-113
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    • 2002
  • Urban public service is goods and activities which satisfy public demands for the political, social, economic, cultural activity and household affairs of individual or groups and which urban government supply with free of charge. In view of government, in addition to fairness of facilities location, location of such facilities are to be determined the respect to cost of locating facilities and developmental direction in the future. Therefore, it is necessary to study on feasibility. A feasibility study Is an effective tool in determining the decision of investment or not and the level of investment priority on Projects requiring a sizeable investment and the feasibility of a project. The first, it is to select reasonable location. It was selected four and two by consideration of facilities distribution and connection with others. Six proposal selected was estimated by five element of approach, demand, symbol, reality, environment. In result proposal I was chosen. The next, it is to estimate scales. The finally, it is to study on economical efficiency. Net Present Value was came out ₩4.4billion by 20years and Inter Rate of Return showed up 11%. in addition, it offer various benefit by public facilities. In conclusion, this project is reasonable.

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A Study on the Improvement of Construction Progress Management for EVMS (공정-원가 통합관리를 위한 진도관리 개선 방안)

  • Lee, Kyoo-Hyun;Park, Chan-Jung;Choi, In-Sung
    • Journal of the Korea Institute of Building Construction
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    • v.2 no.3
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    • pp.155-162
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    • 2002
  • The Ministry of Construction-Transportation released a plan about EVMS in 1993 in order to prepare measures for an efficient public construction project, and prepared an enforcement proposal concretely in June for 2000 years, and have enforce a public project by an example with a target. Therefore, accurate analysis and evaluation about field progress are required for efficient management of a building construction, and must be established building construction management system for fast action about a problem However, unified management cannot be consisting because a work progress system is different from details estimate system within a country. and There is not still a definite standard in progress measurement for an application of EVMS. A purpose of this study is to present an improvement about a problem of progress measurement for an application of EVMS. The contents of a study, inquired into a progress measurement method and a standard to use in the field of a public construction and private construction and Checks a problem and presented an improvement item necessary for and is as follows. $\circled1$ must establishes a control account and progress measurement standard. $\circled2$ must manage progress in a activity viewpoint. $\circled3$ must use an accurate CPM process management technique.

Economic Burden of Colorectal Cancer in Korea

  • Byun, Ju-Young;Yoon, Seok-Jun;Oh, In-Hwan;Kim, Young Ae;Seo, Hye-Young;Lee, Yo-Han
    • Journal of Preventive Medicine and Public Health
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    • v.47 no.2
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    • pp.84-93
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    • 2014
  • Objectives: The incidence and survival rate of colorectal cancer in Korea are increasing because of improved screening, treatment technologies, and lifestyle changes. In this aging population, increases in economic cost result. This study was conducted to estimate the economic burden of colorectal cancer utilizing claims data from the Health Insurance Review and Assessment Service. Methods: Economic burdens of colorectal cancer were estimated using prevalence data and patients were defined as those who received ambulatory treatment from medical institutions or who had been hospitalized due to colorectal cancer under the International Classification of Disease 10th revision codes from C18-C21. The economic burdens of colorectal cancer were calculated as direct costs and indirect costs. Results: The prevalence rate (per 100 000 people) of those who were treated for colorectal cancer during 2010 was 165.48. The economic burdens of colorectal cancer in 2010 were 3 trillion and 100 billion Korean won (KRW), respectively. Direct costs included 1 trillion and 960 billion KRW (62.85%), respectively and indirect costs were 1 trillion and 160 billion (37.15%), respectively. Conclusions: Colorectal cancer has a large economic burden. Efforts should be made to reduce the economic burden of the disease through primary and secondary prevention.

An Ordinary Management System for Updating Construction Equipment Prices in the Poom-Saem Based on the Standard Market Price1 (시가표준액표를 활용한 건설공사표준품셈 건설기계가격 상시관리 시스템 개발)

  • Ahn, Bang-Ryul;Tae, Yong-Ho;Kim, Dae;Huh, Young-Ki
    • Journal of the Korea Institute of Building Construction
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    • v.15 no.4
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    • pp.397-404
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    • 2015
  • Construction equipment cost is critical to estimate the total construction costs, particularly in large and complicated projects. Public construction projects are typically estimated using the Poom-Saem which includes hourly rates for workers and equipments. Despite its importance, the construction equipment cost may not properly reflect the current market value because it is being updated every six years at most. To keep the data for construction equipment cost estimation up to date, it is highly recommended to use the standard market price that is reported each year by the Ministry of Security and Public Administration (MOSPA). However, there is still a wide gap to directly adopt the standard market price for updating the construction equipment prices. Therefore, this paper suggests an effective way to develop an ordinary management systems for updating construction equipment prices in the Poom-saem based on the standard market price.

A Study on the Standard of Cost Estimation in the Construction of Pavement and Maintenance (도로포장 및 유지공사 표준품셈 개정 방법에 대한 연구)

  • Jung, Dae-Kwon;Tae, Yong-Ho;Ahn, Bang-Ryul;Cho, Yoon-Ho
    • International Journal of Highway Engineering
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    • v.11 no.1
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    • pp.85-94
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    • 2009
  • In cost estimation of construction, several methods including quantity-per-unit costing, job costing, unit cost estimation and lumpsum estimation are being utilized in Korea. Among them, a Quantity-per-unit Costing Method is used as a standard of cost estimation in public and private works. This paper presents the realistic job-costing method on all road construction tasks through statistical analyses with field survey data to solve the problems induced by the existing quantity-per-unit costing method. Furthermore, it was found that the newly developed job costing method is able to produce a simple costing procedure and a more actual construction cost estimation by a case study, which was performed to compare particular construction costs produced by two different methods, existing quantity-per-unit costing and newly developed job costing. These methods is compared by Case-study about sub-base. In the case of Job costing method, the estimate is shorter than the other case about 50% and can make up for the weak point about instrument in the current Standard of cost estimation. And it can be depict by Job Costing method about progress of work for using by a plan about construction management.

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The societal cost of rotavirus infection in South Korea (한국에서 로타바이러스 급성 위장관염의 질병 부담)

  • Yang, Bong Min;Jo, Dae Sun;Kim, Youn Hee;Hong, Ji Min;Kim, Jung Soo
    • Clinical and Experimental Pediatrics
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    • v.51 no.9
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    • pp.977-986
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    • 2008
  • Purpose : This study aims to estimate the financial cost of rotavirus infection in Korea in the year of 2005. Methods : The incidence rates used were from the epidemiological profile at Jeoungeub District (5.8 cases/1,000 children <5 years old for inpatients, and 22.65 cases/1,000 children <5 years old for outpatients, per year). The health care cost per capita of rotavirus infection (ICD code: A08.0) was extracted from the Health Insurance Review and Assessment Service database in Korea. The patient survey was conducted to capture information about non-medical costs and associated productivity loss incurred by adult caregivers. Results : The number of annual national cases among children <5 years old with rotavirus infection was estimated to be 69,122 (i.e., 55,030 outpatients and 14,092 inpatients). The total cost of rotavirus infection was estimated at 13.3 billion Korean won, comprising 11 billion Korean won (82.7%) of direct medical costs, 1.6 billion Korean won (12.0%) of direct non-medical costs (e.g., transportation and supplies), and 0.68 billion Korean won (5.1%) of productivity lost by adult caregivers. Conclusion : Rotavirus infection carries not only medical costs but also non-medical and indirect costs; together, these costs incur a significant burden on South Korean society. The impact of rotavirus on quality of life and health among patient caregivers was not considered in this study, but it does merit further research.

An Extended Benefit-Cost Analysis of Land Consolidation and On-farm Development Project -With Respect to Jigok Land Consolidation and On-farm Development Project in Seosan, Chungnam Province, Korea- (경지정리사업의 확장편익-비용분석 - 충남서산시 지곡지구를 중심으로 -)

  • Lim, Jae-Hwan;Lee, Min-Soo
    • Korean Journal of Agricultural Science
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    • v.29 no.1
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    • pp.66-83
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    • 2002
  • The economic feasibility analysis including benefit-cost ratio and internal rate of return of a land consolidation and on-farm development project was mainly depended upon the direct benefits and costs arising during project life. Therefore the projects were neglected in allocating the government's financial funds and loans on account of the low economic rate of return of the project. Accordingly the extended benefit-cost analysis method should be introduced and adapted to cover not only the benefit s such as non-market values of environmental and food security fun ct ions of the project but also market values of the project outputs. The main purposes of this study are (1) to prepare a guide line for economic feasibility analysis based on the IBRD and ADB guidelines, (2) to estimate the benefits from productivity increase, labor saving, savings of O&M cost of farm mechanization and project facilities, savings of farmer's burden for their public health, increasing environmental and public functional value of paddy fields, improving food security condition and formation of peaceful and uncontroversial rural society by implementing the land consolidation and on-farm development, (3) to introduce the newly adapted analytical method as the extended benefit cost analysis which could make possible to be included the values of non-market goods such as the food security and the environmental public function of paddy fields. To carry out this study, the existing publications on the guidelines for economic agricultural projects were reviewed and consultation was made with a For the post evaluation study of the land consolidation and on-farm development project, field survey in Jigok and other comparative area were made to get available information. According to the project completion report, Jigok land consolidation and on-farm development project has 55ha of benefit area out of 69ha of gross area. The project was started in November 11th, 2000 and completed october 30th, 2001. The total project costs were amounted to 2,548 million won and the annual project benefits were estimated at 335million won evaluated by domestic market prices. The ERR(Economic Rate of Return) and SRR(Social Rate of Return) of the project based on the shadow pricing system were estimated at 4.4% and 16% respectively. On the other hand, the ERR and SRR based on the domestic market value system were amounted to 6.37% and 14.62%. In conclusion, Korean land consolidation and on-farm development projects have not carried out from the view point of economic rate of return under shadow pricing system but from the view point of domestic pricing system. For the future feasibility studies on land consolidation projects have to be carried out including the non-market values as environmental and food security function of the projects.

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A Study on Estimating the Land Developer's Share of Infrastructure Cost : Focused on the Road Facility of Residential Development (간선시설 설치비용의 합리적 분담분 추정 : 택지개발사업시 조성되는 도로시설을 중심으로)

  • Kim, Tae-Gyun;Choi, Dae-Sik
    • Land and Housing Review
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    • v.3 no.3
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    • pp.241-248
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    • 2012
  • Although infrastructure cost comprises the great proportion of residential development cost, all of it tends to be borne by land developers which develop large area. This brings about free-riding by adjacent small development or built-up area, followed by the equity problem in terms of infrastructure development cost sharing and the privatization of development gain. This study aims to establish the method to analyze free-riding on the transportation infrastructure(roads) and investigate empirically how much the free-riding occurs. It sets several development scenarios to calculate the part generated by Bucheon Sangdong district, the case area of this study, of all the traffic flow on the roads. The Network analysis is used to estimate the proportion, by development scenarios, of traffic flow, travel time, and travel cost. As a result, the developer of Bucheon Sangdong district is responsible for 83% of the construction cost of selected roads. The methodology and empirical result of this study would contribute to determine who are liable for the infrastructure facilitation and to estimate how much of the cost the obligators have to share.