• KSCE Journal of Civil and Environmental Engineering Research
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• v.26 no.5D
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• pp.771-781
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• 2006

This Study is about the development of LCC Analysis Model and Evaluation of VE. It was carried out to help the person's intention decision about choosing the pavement construction method that can deal with 'Pavement Life Factor' like Area Character and Traffic Volume efficiently, by considering the total life cycle cost of pavement life cycle happens according to the numbers of public use year. For this, we developed the new LCC Analysis Model by using the Data of Seoul city the representative city in Korea, and carried out VE Evaluation that reflects the opinions of specialists. This Analysis Model consists of cost items that affects directly the choice of pavement construction, except for the common cost items of the various pavement construction. And we investigated the propriety by applying our model to the example line that are used for the public at present. About the base data of cost items that are used for our analysis, we enhanced our model's confidence by using the statistics data of Seoul and the standard data of unit cost calculation.

• Korean Journal of Construction Engineering and Management
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• v.9 no.4
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• pp.182-192
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• 2008

The purpose of this research is to identify problems and solutions of domestic Life Cycle Cost analysis in BTL(Build-Transfer-Lease), a PFI(Private Finance Initiatives) project. It is expected BTL would be quite effective delivery method for public construction introducing the private's major capital investments and technologies, and obviously LCC analysis is becoming more important factor for success of BTL projects. Nevertheless, there are still some complicated issues in LCC analysis, a technique for selecting the optimal VE(Value Engineering) proposals and estimating OM&R (Operation, Maintenance, & Repair) cost of the buildings, and has been applied limitedly. This research mainly focuses on educational facility, as most frequently delivered by BTL currently, especially with two levels (Alternative LCC and Building LCC) , which is occupied main potion in BTL project. In addition, it identifies four main problems and suggests their solutions through case studies focusing six major factors (WBS, Repair Information, Life Cycle, Time value of money, Repair Information Database, LCC Model) from three projects. Advanced development of this research requires closer partnership between the private / public sectors, and their long term strategies.

• 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 Construction Engineering and Management
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• 2006.11a
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• pp.123-130
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• 2006

Recently, Korean government promotes BTL(Build-Transfer-Lease) for their public construction project to apply private sector's experience and finance initiatives. Many of public buildings and civil infrastructure projects were planned to be delivered by BTL and it helps to continue public projects under tight budget conditions. Since the characteristics of BTL projects, creative ideas for the project function, performance and its LCC (Life Cycle Cost) become more important than usual public work project. This paper introduces the systematic "VE job Plan" application techniques for BTL project and shows the process. This study shows the application of "VE job Plan" for BTL project to help decision making and value improvement. Also, Project cost was estimated by LCC (Life Cycle Cost) analysis. Technical "FAST diagram"was developed and used to find major functions of the project. So, it helps to improve performance of functions and make creative ideas. FAST diagram also help to find relationships between functions and cost. A case study (Daegu Art Gallery BTL Project) was conducted using proposed "VE job Plan. Study demonstrates how value management helps save money and increase functional performance. Researcher found that project can save cost and improve performance of functions significantly by using appropriate VE analysis process at appropriate time.

• Proceedings of the KSR Conference
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• 2008.06a
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• pp.128-138
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• 2008

VE of the scripture season enterprises and it respected LCC analyzes from the research which it sees and to use AHP techniques and definite LCC techniques and probabilistic LCC techniques selects the optimum route the case study which it executed. It presented the quality rating model in about the resultant most route lascivious at the time of VE evaluation, in order to select the alternative of optimum AHP techniques which are one in decision-making technique and an evaluation item by weight and a grade it applied the mountaintop it did. Also the definite LCC analyzer law departments of existing together it applied the probabilistic LCC techniques which use Monte Carlo Simulation in about analytical prices and reliability height boil. The economical efficiency was excellent with VE/LCC analytical resultant route and facility size abridgment, the rivers most it will be able to minimize an environmental effect with short distance traverse, the selection this hit preparation LCC which separates from the land use side decreased, the value (V) above 22.0% with the fact that it improves. And, the reliability of the probabilistic LCC analytical resultant analytical results in compliance with Monte Carlo Simulation with 90.3% was very analyzed with the fact that it is a high level.

• Proceedings of the KSR Conference
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• 2008.11b
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• pp.100-106
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• 2008

Road on the urban underground railway has been repaired for several years right after completion caused by the settlement of backfill and the damage of utility lines, which demands the practical application of life-cycle cost on design of backfill. This study perform the VE and LCC Analysis to select a optimal method of backfill and present the models and factors of VE process in the consideration of specialists' opinion and judgement on the category of critical maintenance items.

• Journal of the Korean Society for Railway
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• v.7 no.3
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• pp.215-222
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• 2004

Optimal route selection of railway should take consideration of the function of the railway, topography, practicability of construction and management as well as the cost. This study performed the surveys for experts and surrounding industries and the review for the bid guidelines in order to develop the quality model with the AHP method and establish the weight for each factor. Six quality models were developed for such as the efficiency of railway operation, structure design and practicability, economic feasibility, correspondence with other plans, civil appeal and environmental sustainability, and correspondence with system. The detailed evaluation elements were also derived by each factors.

• Journal of Korean Tunnelling and Underground Space Association
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• v.4 no.4
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• pp.261-276
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• 2002

Recently, for the purpose of choosing reasonable and economical construction, the decision making analyses, such as VE (Value Engineering) and LCC (Life Cycle Cost), are generally performed. But, these methods have some limitations for the application to subway tunnel construction method. So, the AHP (Analytical Hierarchy Process) analysis is applied to determine relative importance for obtaining objectivity in quantitative analysis. And, the LCSC (Life Cycle Social Cost) method is developed to account for the social loss and risk by tunnel construction. From the case of the subway ${\bigcirc}{\bigcirc}$ lot, those methods are very useful to decision making analysis. And, in that case, both quantitative and quantitative analysis appraisement, the drilling and blasting method is evaluated useful alternative proposal in comparing with the cut and cover method.

• 한국공간정보시스템학회:학술대회논문집
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• 2000.06a
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• pp.93-105
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• 2000

GIS is a powerful toolbox in managing spatial data associated with attribute data. However GIS is short of spatial analysis function and graphic user interface(GUI) function in dealing with dynamic planning problems. Decision Support Systems(DSS) make up for the shortage of GIS by providing GUI function, modeling function and database function. Spatial Decision Support Systems(SDSS), a new kind of DSS, incorporate display function, basic spatial analysis function and manipulation function of spatial data and attribute data of GIS and GUI function, modeling function and database function of DSS in dealing with spatial planning problems. Planning Support Systems(PSS) add more advanced spatial analysis function and intertemporal function to the functions of SDSS. This study focuses on the modeling of a PSS for capacity expansion of water-distribution network depending upon land use planning by using GIS, value engineering(VE) and life cycle costing(LCC). The PSS shows a guideline about the investment of water-distribution networks related to urban growth management through generating certain numbers of dynamic alternatives to supply the amount of water caused by land use planning.

• Korean Journal of Construction Engineering and Management
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• v.5 no.2 s.18
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• pp.181-193
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• 2004

A life cycle cost analysis model for public water supply systems should be different from the ones for other civil and architectural facilities as the operation and the maintenance cost of the water supply systems mainly come from the various mechanical systems and the pipeline systems of the collecting/treating/distributing facilities. This paper presents a cost classification scheme and a probabilistic life cycle cost analysis (PLCCA) model for public water supply systems. A value analysis (VA) procedure that is well suited for practical purposes is also presented. The presented probabilistic life cycle model and the value analysis procedure were applied to a real world project, and this case study is discussed in the paper. The model and the procedure presented in this study can greatly contribute to the value-oriented design alternative selection, the estimation of the maintenance cost, and the allocation of budget for water supply system construction projects.