• Construction Engineering and Management
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• v.9 no.6
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• pp.29-31
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• 2008

• Construction Engineering and Management
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• v.9 no.6
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• pp.48-51
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• 2008

• Construction Engineering and Management
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• v.14 no.4
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• pp.11-16
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• 2013

• Proceedings of the Korean Institute of Building Construction Conference
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• 2012.05a
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• pp.161-163
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• 2012

Recently on Value Engineering(VE) and Life Cycle Cost(LCC) social interests is increasing. The government Turn Key, BTL projects and public works projects, such as VE and LCC Analysis on the value and economic analysis is mandatory. And accordingly the VE and LCC analysis is underway for the various studies. However, there is a problem existing in the LCC analysis. Worth the cost varies according to the flow of time. However, the real interest rate during the LCC analysis of buildings in calculation time for interest rates and inflation are not considering the value of the flow. In other words, a few years using the average value of the deterministic analysis method has been adopted. These costs for the definitive analysis of the cost of an uncertain future, unforeseen changes resulting hazardous value. In this study of the last 15 years interest rates and inflation targeting by using Monte-Carlo Simulation is to perform probabilistic analysis. This potential to overcome uncertainties of the cost of building a more scientific and LCC Estimation of the probability value of the real interest rate is presented.

• Proceedings of the Korean Institute of Building Construction Conference
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• 2021.11a
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• pp.244-245
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• 2021

Design VE (Value Engineering) has been basic design and implementation design separately, but due to the recent change in guidelines, it is changing to implement only once in the implementation design stage. However, in the implementation design stage, construction costs, plans, and specifications based on the volume details are almost completed. Therefore, it is effective to perform the function analysis step after identifying information analysis and key issues through CostModeling based on functional center for the selected target in the process of implementing the VE performance procedure.

• International conference on construction engineering and project management
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• 2009.05a
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• pp.1625-1629
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• 2009

The new paradigm called 'Low Carbon Green Growth' involved in reducing greenhouse gas is on the rise as a critical issue worldwide. The essential of Kyoto protocol issued in 1997 is to achieve the sustainable economic growth environments by converting existing production system to eco-friendly one. The protocol imposes the liability to reduce greenhouse gas to the countries joined to it. The paradigm is directly involved in the energy consumption and environmental pollution caused by construction activities. Value Engineering which are mainly applied in the design phase in practice is a measure to improve the value of a constructed facility by analyzing and/or appraising the functions and costs of it. However, an appropriate method which assesses eco-friendliness of constructed facility has not been propose by researchers. This paper proposes a method which assesses the performance involved in eco-friendliness of constructed facility using Value Engineering (VE) in the design phase. The method estimates the environmental cost relative to the amounts of energy consumption and environmental pollution occurred over the entire project life cycle. The database called "Life Cycle Inventory DB", which stores information about the amounts of environmental pollution, is used. The algorithm which retrieves the amounts of environmental pollutions from the DB and converts them into environmental costs is developed. The algorithm is implemented into a system which quantifies the eco-friendliness of constructed facility in the design phase using VE.

• Korean Journal of Construction Engineering and Management
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• v.14 no.6
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• pp.61-69
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• 2013

In the mixed-use development program, several conflicts occur due to the characteristics of construction program, such as large-scale, variety of stakeholders, long periods of time, etc. In particular, since the characteristics of the construction program having various complex projects lead to different requirements depending on stakeholders, it is crucial to plan the appropriate type and size of facilities. Therefore, it is necessary to derive solutions suitable for the needs of owner by conducting VE in the planning phase. In this study, a multi-dimensional quality model is developed to present proper facilities necessary for the construction program by clearly identifying the owner's requirements in performing VE in the planning phase. Through the development of the multi-dimensional quality model, the characteristics distribution of 15 major facilities by 12 performance indicators for mixed-use development programs is presented. The deduction method of appropriate facilities based on the requirements of owner and the multi-dimensional synthesis method among the performance indicators are also suggested. This study is significant as a basic research for the application of VE in the planning phase of construction program. It is expected that the multi-dimensional quality model proposed in this study could facilitate presentation and review of appropriate facilities based on the analysis of requirements of various stakeholders in the early stage of the construction program.

• Proceedings of the Korean Institute Of Construction Engineering and Management
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• autumn
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• pp.294-298
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• 2003

Recently, Design-build project as delivery system public construction sector tends to be increased according to the Masterplan for promotion of construction technologies, and construction projects are increasing their complexity, variety and scale. And owner's requirements become various. Preliminary design for design eligibility judging of design-build has been designed excessively to get a good point and this tendency includes the elements which is capable of wasting the budget. Because of excessive design, owners require to apply VE study into the design development phase but in the Design-build system, VE application has not been of no effect that owners expect, owing to the characters of lum-sum contracts. The purpose of this study is to propose the plan for effective application of VE in the design development phase in order to solve the problems such as excessive design of preliminary design in the design-build project. This study established plans for VE application through investigating and analyzing VE application case and then proposed the applications in the aspect of regulations and contracts, parties participated in project, VE operation through research for verification of usefulness.

• Proceedings of the Korean Institute of Building Construction Conference
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• 2006.11a
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• pp.21-24
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• 2006

This study investigates field application of flowing concrete in order to improve workability, duality and economic evaluation of concrete. Test results showed that slump of fresh concrete satisfied the target value before and after flowing concrete, and setting time indicated 3 hours difference depending on the mixture proportion of ready-mixed-concrete company. As for the hardened concrete, compressive strength of standard curing specimens, both control and flowing concrete, presented designed value at 28 days elapse. However, the specimens curing at atmosphere decreased the value, due to the lower curing temperature, but also performed the designed value at 91 days. For the evaluation of construction fee by value engineering(V.E) concept, a flowing method declined 4.89% of concrete construction fee, which is 4.9% reduction for materials and 25% reduction for labor expenses, compared with previous construction methods.

• Korean Journal of Construction Engineering and Management
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• v.12 no.4
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• pp.29-39
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• 2011

In Korea, many mixed-used development projects(MXD) in mega project size are currently active. As these mega projects require long-term construction and execution and involve by different subjects in different fields, their completion breeds various problems, such as conflicts among project participants due to their complicated interest relationships and inaccuracy in predicting the economic performance of the projects due to inappropriate facility capacity planning. To solve these problems, it is essential to apply value engineering (VE) at the planning phase of the project, which can result in the best possible cost reduction and improvement of project performance. However, not many projects are actually implementing VE because of the lack of available information, as well as the limitations due to uncertainty in the early period of project execution. Therefore, this study aimed at proposing VE Team Building, Quality Model Performance Indexes, Space Model so as to resolve common mega project problems and overcome VE application limitations at planning stage. The result of this study is expected that the data can be utilized as basic data to apply VE at the planning phase of the large complex projects.