• Journal of the military operations research society of Korea
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• v.36 no.1
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• pp.29-38
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• 2010

In Korea weapon system acquisition processes, it's required a cost estimation report obtained from a commercial cost model. The PRICE model is generally used as a cost estimation model in Korea. However, the model uses American historical R&D data and it's output cost component is different from our cost component of defense accounting system. Also, we found that estimating results show about 10% of difference when we comparing with actual costs in 44 finished weapon acquisition projects. There are some limitations in calibration to increase an accuracy of the PRICE model because it's difficult obtain good real input data, detailed cost and technical data in low level WBS. So, only 8% of the defense R&D projects are calibrated and validation of calibration results is more difficult. Therefore, we studied the standard calibration process and performed the calibration about the MCPLXS/E parameters of the PRICE model based on actual cost data. In order to obtain a good calculation result, we collected the actual material costs from the defense industry companies. Our results can be used for an reference in similar weapon system R&D and production cost estimation cases.

• International conference on construction engineering and project management
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• 2022.06a
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• pp.50-56
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• 2022

Change Orders generally impact cost and schedule performance of highway projects. However, highway projects that do not have any change orders also face cost growth and schedule delays. This study seeks to determine the cost and schedule performance of Texas DOT projects by collecting project data for 120 highway projects completed between 2016 to 2020. For the study, we selected project data that has zero or negative change orders which were then grouped and analyzed based on their Project Types i.e., maintenance works; structural works; restoration and rehabilitation works; and safety works. The study found that performance of Maintenance and Safety type projects had less cost and schedule growth among the data analyzed. Statistical tests also found that even though the projects have no change orders, Rehabilitation and Restoration type projects experienced significant schedule growth compared to others. However, the data did not show any significant cost and schedule growth for the projects when statistical tests were performed on overall data. The study concluded that highway projects are experiencing schedule growth even though the projects had no change orders. Results from the study can help planners, engineers, and administrators to gain better insight on how different types of highway projects are performing in terms of cost and schedule and eventually derive appropriate solutions to minimize cost and schedule growth in such projects.

• Proceedings of the Korean Society of Agricultural Engineers Conference
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• 2000.10a
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• pp.239-245
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• 2000

This study is aimed to develop the historical data management system named "ACON"(Actual COst Network system) which can be used for collecting, analysis and modification of the historical data. ACON_Local is used for collecting the historical data at each spot place. It redueces the work potential of managers, spending time and cost. ACON_Analysis is to analyze the collection , modifies the data′s error and updates the historical database. ACON_Network is developed to transfer data from ACON to Web server or opposites. The proposed model, ACON, provide the easy way for the cost estimate system, "HiCOMS" to collect, analyze and modify the historical cost evaluated data, which is used to compose the historical data base.

• Korean Institute of Interior Design Journal
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• v.13 no.3
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• pp.197-204
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• 2004

This study aims at the development of a cost management system in building interior projects. Renovation and remodeling is activated and expanded much more being compared with new building construction at present. After Interior project proceeding must get out of simple estimate and assumption, then its be needed a formal work process and computerized cost management. Proceeding a building interior project management was proceed in the office and the field. Cost break down, especially, depend on the field manger and used fiend managing money because its not checked by cost manager in office manger. For this study, cost factors are defined in terms of cost break-down interior works which consist of materials and labors. A data model for cost factors was developed, and a relational database is used to realize cost data management based upon this data model. Data input and output are achieved by internet from both of wired PC and mobile phone. This system can timely display a number of needed reports for cost management that identifies cash flow and predicts budget for cost break-down works in interior projects.

• Korean Journal of Construction Engineering and Management
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• v.4 no.4 s.16
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• pp.192-200
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• 2003

The object of this research is to develop a computerized algorithm of cost estimation method to forecast the total construction cost in the bidding stage by the historical and elemental work cost data. Traditional cost models to prepare Bill of Quantities in the korea construction industry since 1970 are not helpful to forecast the project total cost in the bidding stage because the BOQ is always constant data according to the design factors of a particular project. On the contrary, statistical models can provide cost quicker and more reliable than traditional ones if the collected cost data are sufficient enough to analyze the trends of the variables. The estimation system considers non-deterministic methods which referred to as the 'Monte Carlo simulation. The method interprets cost data to generate a probabilistic distribution for total costs from the deficient elemental experience cost distribution.

• IE interfaces
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• v.15 no.2
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• pp.159-171
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• 2002

Data Warehouses integrate data from multiple heterogeneous information sources and transform them into a multidimensional representation for decision support applications. Data warehousing has emerged as one of the most powerful tools in delivering information to users. Most previous researches have focused on marketing, customer service, financing, and insurance industry. Further, relatively less research has been done on data warehouse systems in the complex manufacturing industry such as ship production, which is characterized complex product structures and production processes. In the ship production, data warehouse systems is a requisite for effective cost analysis because collecting and analysis of diverse and large of cost-related(material/production cost, productivity) data in its operational systems, was becoming increasingly cumbersome and time consuming. This paper proposes architecture of the data warehouse systems to support cost analysis in the ship production. Also, in order to illustrate the usefulness of the proposed architecture, the prototype system is designed and implemented with the object of the enterprise of producing a large-scale ship.

• International conference on construction engineering and project management
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• 2013.01a
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• pp.169-172
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• 2013

Building Information Modeling (BIM) is an effective decision-making platform that helps to save project cost and enhance quality of construction. By generating and linking a wide variety of objects data, BIM can be effectively utilized, and it should be ensured that object properties maintain consistency throughout the project period of design, estimates, construction, maintenance and repair. This study examined how to utilize BIM data in a construction project, by linking cost and schedule data in web environment, to better utilize the information and maintain consistency of the BIM information. To do so, the model integrated WBS data and CBS data, linked them with BIM model to realize 5D simulation in web environment. As a result, cost and schedule data could be simultaneously acquired, and object properties-cost, schedule, location-as well. These are expected to contribute to developing a BIM-based automatic data-processing system in web environment.

• Korean Journal of Construction Engineering and Management
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• v.17 no.1
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• pp.66-75
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• 2016

As the demands for traditional Korean housing has been increased in recent years, modernized Korean traditional housing (Hanok) was developed as a way of providing Hanok for the public. Modernized Hanok attempts to remedy the shortcomings of the traditional hanok (i.e., high unit cost of building and low energy performance). In the previous researches, standardization and productivity improvement for modernized Hanok dissemination have been intensely developed. Above all, cost estimating for modernized Hanok is also an important factor. In an effort to provide effective system for Hanok construction, this paper developed 'standard cost data' for modernized Hanok. Distinct characteristic of modernized Hanok construction were analyzed first. Then, basic structure was identified, and major items were selected for Hanok standard cost data. However, this set of cost data was developed based on two mock-up Hanok projects actually constructed. Accordingly, this standard cost data will be further updated and modified by continuously accumulating real-world Hanok projects

• Proceedings of the Korean Society of Agricultural Engineers Conference
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• 1999.10c
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• pp.359-364
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• 1999

Providing the reasonable construction cost at the initial stage of the rural development project, is a kety factor of the each step of project , such as propriety analysis , cost planning , design, and planning the progress of work. The explainable construction cost can be estimated at the early stage using the actual cost data by statistical analysis. In this study, the influence factors are extracted by factor analysis with the actual cost data of rural development project, object cost model is developed by multiple regression analysis, and verify the developed cost model by Monte-Carlo simulation .

• Asia-Pacific Journal of Business
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• v.13 no.3
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• pp.93-118
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• 2022

Purpose - Export marketers may have incentives to attempt real earnings management to avoid low reported earnings. Therefore, we attempted to verify the relationship between cost stickiness and real earnings management in the context of export marketing. Design/methodology/approach - Data were collected from exporters that settle-accounts in December excluding financial businesses listed on the stock market from 2015 to 2019. Multiple regression analysis were employed to analyze the data. Findings - The results showed that there is a negative relationship between cost stickiness and real earnings management. In addition, the results showed that export marketers little attempt to offset the cost inefficiency caused by the increase in expense because of cost stickiness with opportunistic management activities through real earnings management. Rather, as the level of real earnings management appears lower, exporters showing cost stickiness are expected to report management performance based on actual marketing. Furthermore, exporters with a high level of managerial centrality or high managerial overconfidence little attempt to offset cost inefficiency caused by cost stickiness with real earnings management activities. Research implications or Originality - Our study is the first to investigate the quality of earnings information of exporters with cost stickiness. Based on the results, we suggested efficient marketing strategies for exporters.