• Korean Journal of Construction Engineering and Management
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• v.6 no.6 s.28
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• pp.133-141
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• 2005

In the resent years, the importance of VE (value engineering) and LCC (life cycle cost) analysis for apartment building construction projects has been fully recognized. Accordingly theoretical models, guidelines, and supporting software systems were developed for the value engineering and life cycle cost analysis for construction management including large building systems. However, the level of consensus on VE and LCC analysis results is still low due to the lack of reliable data on maintenance. This paper presents time dependent LCC model based value analysis method for rational investment decision making and design alternative selection for construction of apartment building. The proposed method incorporates a time dependent LCC model and a performance evaluation technique by fuzzy logic theory to properly handle the uncertainties associated with statistics data and to analyze the value of alternatives more rationally. The presented time dependent VE and LCC 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 design value engineering alternative selection, the estimation of the life cycle cost, and the allocation of budget for apartment building construction projects.

• Korean Journal of Construction Engineering and Management
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• v.19 no.5
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• pp.3-9
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• 2018

Although Life Cycle Cost (LCC) must be evaluated by experts, sometimes it may not allow a sufficient time for even the experienced LCC expert to make rational decisions. Therefore, it often ends with relatively comparing the final numbers. We have broken down 110 technical proposals that are actually bade and accepted for large construction projects, and then have analyzed the uncertainty of Maintenance and Energy (M&E) cost during building life cycle, which turns out be the most volatile factor in uncertainty of LCC. Also we suggest "Value Engineering Index (VEI)" - the reduced M&E cost that is normalized by the reduced first cost. It is analyzed that the most uncertain factors of the M&E cost include repair and replacement term differing from each project, duplicated repair and replacement, non-standard repair items, and site-specific energy cost. Eventually we propose a VEI population with a mean of 1.38 and a standard deviation of 1.19, which is obtained by individually and exclusively applying the uncertain factors of the M&E cost to the 35 standard sample of technical proposals. The LCC evaluators may be able to use the VEI population as the benchmark to select the technical proposal with the most reasonable LCC among many others in two suggested manners; the one is to deterministically calculate the probability of single VEIs, and the other is to stochastically calculate the probability of the VEIs where uncertainty is quantified.

• Korean Journal of Construction Engineering and Management
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• v.9 no.1
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• pp.143-154
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• 2008

Since the concerns for safety of highway traffic safety facilities inherent in various environmental risk is increased, systematic performance, cost, and effect analysis process is needed for this. In case of median barrier among various traffic safety facilities, quantitative risk assessment is inevitable because it has lots of direct/indirect risk factors. Thus, this study suggests an advanced VE(Value Engineering) approach incorporating quantitative risk analysis. For the applicability, suggested VE approach considering alternative 1(140cm) and 2(127cm) is applied to median barrier in fields. Also, major improvement objects are extracted from governing factors of cost and performance based on functional analysis. It is concluded that the proposed risk assessment methodology will provide rational and practical solutions for best value and the approach could effectively applied for various traffic safety facilities by slight modification of suggest process.

• Journal of the Korea Institute of Building Construction
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• v.5 no.3 s.17
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• pp.83-90
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• 2005

Was used at step space-time mainly after VE technique sponsors in domestic in the 1960s but have been expanded to design step recently. Possibility of value elevation or cost reduction must choose member that is effectively for active and effective application of VE technique. In this study, when enforce design VE examining for weight decision corrosion protection been using in weight grant composition estimation technique, target choice process wishes to suggest formality and method that can be achieved effectively Main conclusion of this study sorts valuation items step by step for weight appropriation of valuation basis and give point on article of high position point after expert which employer is included estimates article by low rank step and this presented high position method that do union item by item and establishes by item weight. Did these techniques for giving weights so that importance for weight appropriation developed estimation program, and data save of target estimation standard and target estimation standard is possible using straight sit.

• Proceedings of the Korean Institute of Building Construction Conference
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• 2005.05a
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• pp.149-155
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• 2005

Was used at step space-time mainly after VE technique sponsors in domestic in the 1960s but have been expanded to design step recently. Possibility of value elevation or cost reduction must choose member that is effectively for active and effective application of VE technique. In this study, when enforce design VE examining for weight decision corrosion protection been using in weight grant composition estimation technique, target choice process wishes to suggest formality and method that can be achieved effectively. Main conclusion of this study sorts valuation items step by step for weight appropriation of valuation basis and give point on article of high position point after expert which employer is included estimates article by low rank step and this presented high position method that do union itembyitemandestablishesbyitemweight. Did these techniques for giving weights so that importance for weight appropriation developed estimation program, and data save of target estimation standard and target estimation standard is possible using straight sit.

• Korean Journal of Construction Engineering and Management
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• v.10 no.4
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• pp.14-25
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• 2009

Development work of apartment houses is a complex medium-and long-term project requiring grand resources and work force. Since in combination inner and outer project variables relate to project output, uncertainties caused by not only a given site condition but also politic, economy and social sectors are generated during the project. These risks influence output of the project as important factors, and ultimately as management variables in priority giving an effect on earnings and the financial structure of enterprises they should be manageable with the risk reduction plan. In this point of view, this study focused on development work of apartment houses among construction project. Risky factors were deduced, analyzed and evaluated based on Value Engineering from planning to designing to executing to maintaining. Eventually, this study showed the foundation guaranteeing competitive power of public and private construction sectors.

• 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.

• Proceedings of the Korean Institute of IIIuminating and Electrical Installation Engineers Conference
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• 2003.11a
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• pp.81-86
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• 2003

Recently the introduction of VE & LCC techniques for large size electric power facilities be achieved in various kinds form, of and tends to evaluate to the beginning investment cost when think about cost of electric power facilities usually, but must consider all life cycle cost (maintenance cost, repair cost, improvement cost, operation cost, electric power cost etc.). This treatise applies design techniques that consider copper loss related by voltage drop at power supply of long distance in trunk design and all life cycle cost techniques

• 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.

• Journal of Periodontal and Implant Science
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• v.35 no.1
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• pp.65-76
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• 2005

This retrospective study evaluates the clinical performance of the recently introduced $XiVE^{(R)}$ implant(Dentsply-Friadent) with a new macro-design to improve primary stability. A total of 208 $XiVE^{(R)}$ implants (101 in the maxilla and 107 in the mandible) were placed in 71 patients. The average age of the patients was 49 years. Of the 208 implants, 190 (91.3%) were posterior implants and 82 (39.4%) were placed in compromised sites (grafted sites). Clinical and radiographic evaluation were made at second stage surgery for exposure and after functional loading. 192 implants in 64 patients were evaluated at exposure and 146 implants in 50 patients were loaded (average 170 days-loading) and evaluated after functional loading. Of 192 implants available for evaluation before loading, 3 implants failed (early failure) ; 1 before exposure, 1 at exposure and 1 during prosthetic procedure. 2 implants were in the maxilla and 1 was in the mandible. The success rate before loading was 98.4%. After functional loading, no implant failure was occurred in 146 implants evaluated during this period (100% interval success rate). This preliminary data with a new implant showed excellent success rate although the majority of implants evaluated in this study were placed in the posterior region of the jaw and compromised sites.