• Korean Journal of Construction Engineering and Management
• /
• v.8 no.5
• /
• pp.92-100
• /
• 2007

PFI(Private Finance Initiative) Project is carried to expand infrastructure effectively through participation of private investment. From the year 2005, the range is expanded not only industrial infrastructure such as made road, harbors and so on but living infrastructure such as school facilities, environmental facilities. For this reason BTL(Build-Transfer-Lease) system is mainly used in new private finance initiative project but in existing private finance initiative project BTO(Build-Transfer-Operate) system was used. BTL system is operated to judge fitness of private investment and classified into quantitative VFM(Value for Money) and qualitative VFM. In this research the estimation item of qualitative VFM which is hard to deduce the effect is created and after surveying of questionnaire in target of experts, relative importance and weight is established with AHP(Analytic Hierarchy Process). By estimating efficiency and benefit of quantitative VFM and qualitative VFM aspect effectively it is expected to support a rational making decision for operating BTL.

• Korean Journal of Construction Engineering and Management
• /
• v.8 no.4
• /
• pp.73-80
• /
• 2007

As BTL(Build-Transfer-Lease) private investment business benchmarking PHI(Private Finance Initiative) of USA and Japan is introduces to Korea since 2005, as a part of supplying high leveled public service and early expanding required facilities for SOC, Value for Money on private investment business from treasury investment business at the beginning gets to be needed. Accordingly, this survey has been conducted in order to analyse BTL projects status, propriety of economic analysis method(VFM analysis, calculation of estimated business expenses, valuation of bidding price, etc.) by business advance phases from the viewpoint of person in charge, necessity of improvement and alternative plants. As the result of conducting cross tabulation analysis and correlation analysis by occupational group, BTL project advance phases and alternative plans for improvement, it is necessary ye prepare standardized service level against business expense and basis for calculating and evaluation operation expenses. Based on the necessity of quantitative analysis (LCC analysis) of VFM, standard for calculating management, maintenance and administration expenses is required. In addition, reliable economic valuation system considering domestic BTL environment should be setup, for business efficiency.

• Korean Journal of Construction Engineering and Management
• /
• v.8 no.5
• /
• pp.132-141
• /
• 2007

According to the public information of the Ministry of Education & Human Resources Development, the construction project of educational facilities from 2005 to 2007 will use BTL (Build-Transfer-Lease) contract. Budget of those projects will be the worth over 13 trillion won. In this research, the estimation standards for the public health maintenance expenses are established which is the part of the operation and maintenance cost in the total BTL project cost. Also, a system core module using the developed standard was introduced in this paper. A comparative analyses were conducted with the several possible estimation case to validate the system developed.

• Journal of Korean Society of Transportation
• /
• v.25 no.1 s.94
• /
• pp.49-59
• /
• 2007

This study has examined the allocation of risk in Korea's private provided Infrastructure(PPI) with the following contents (1) Developing a quantitative risk allocation model for Korea's PPI and (2) examining the implication of changes in the minimum revenue guarantees (MRG) clause of government legislation using the developed empirical model. The model of this study adopts and extends H. Yamaguchi's model developed in 2002. To investigate Korea's actual risk allocation deals, the author incorporated the MRG framework. The payment related to the MRG is indeterminable. Hence. the average MRG rate was calculated using probabilistic risk analysis. The risk allocation model is applied to the two eases to validate the model and evaluate the project's VFM(Value for Money). As the revenue guarantee rate is lowered, the government subsidies are increased. This in turn worsens VFM. The same relationship is true when the revenue guarantee Period is shortened.

• Proceedings of the Korean Institute Of Construction Engineering and Management
• /
• 2006.11a
• /
• pp.111-116
• /
• 2006

The objective of this research is to develop an assesment system for BTL Project. A new method for the prediction of construction and maintenance cost in the educational facilities has been considered and under development by the authors. This paper explains the current BTL assesment method used by most local district office of education and lists its potential problems. Main conceptual modules in the new Assesment System are shown in this paper. Also, viable results of each module are discussed in this paper.

• Journal of the Korean Society of Environmental Restoration Technology
• /
• v.9 no.5
• /
• pp.32-40
• /
• 2006

This study's objects are to suggest effective forest community-level management measures by identifying the vulnerable forest vegetation communities types to climate change through a comparative analysis with present forest communities identified and delineated in the Actual Vegetation Map. The methods of this study are to classify the climatic life zones based on the correlative climate-vegetation relationship for each forest vegetation community, the Holdridge Bio-Climate Model was employed. This study confirms relationship between forest vegetation and environmental factors using Pearson's correlation coefficient analysis. Then, the future distribution of forest vegetation are predicted derived factors and present distribution of vegetation by utilizing the multinomial logit model. The vulnerability of forest to climate change was evaluated by identifying the forest community shifts slower than the average velocity of forest moving (VFM) for woody plants, which is assumed to be 0.25 kilometers per year. The major findings in this study are as follows : First, the result of correlative analysis shows that summer precipitation, mean temperature of the coldest month, elevation, soil organic matter contents, and soil acidity (pH) are highly influencing factors to the distribution of forest vegetation. Secondly, the result of the vulnerability assessment employing the assumed velocity of forest moving for woody plants (0.25kmjyear) shows that 54.82% of the forest turned out to be vulnerable to climate change. The sub-alpine vegetations in regions around Mount Jiri and Mount Seorak are predicted to shift the dominance toward Quercus mongolica and Pinus densiflora communities. In the identified vulnerable areas centering the southern and eastern coastal regions, about 8.27% of the Pinus densiflora communities is likely to shift to sub-tropical forest communities, and 3.38% of the Quercus mongolica communities is likely to shift toward Quercus acutissima communities. In the vulnerable areas scattered throughout the country, about 8.84% of the Quercus mongolica communities is likely to shift toward Pinus densiflora communities due to the effects of climate change. The study findings concluded that challenges associated with predicting the future climate using RCM and the assessment of the future vulnerabilities of forest vegetations to climate change are significant.