• Title/Summary/Keyword: costs

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Analysis of Loss Costs and Risk Reserve due to Risk Events for Aircraft Runway Construction (활주로 건설공사의 위험사건에 따른 손실비용 및 위험예비비 분석)

  • Kang, Hyun Wook
    • Korean Journal of Construction Engineering and Management
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    • v.23 no.3
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    • pp.25-35
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    • 2022
  • The purpose of this study is to derive risk events that occurred during aircraft runway construction and analyze loss costs for project participants. For this purpose, design change data, contracted statement and completed statement were investigated. The results of this study are as follows: There were 12 risk events in the process of construction, 5 design errors and 7 construction errors. The increased construction costs due to such risk events were calculated as KRW 726 million. Of the KRW 726 million that was increased due to risk events, about 52.57% was spent by the ordering agency, and about 47.43% contractors. The increased construction costs due to such risk events are about 4.86% of the direct construction costs of KRW 14.9 billion. Based on the results derived from these case studies, a method for estimating reserve costs and construction costs considering risk events is presented.

An Analysis of Determinants of Maternal Time Allocation (모(母)의 시간 배분 결정요인 분석)

  • Yoon, Jayoung
    • Journal of Labour Economics
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    • v.33 no.2
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    • pp.27-52
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    • 2010
  • This study, using Korean Time Use Survey 1999, analyzes how opportunity costs of maternal time affects the ways in which mothers allocate their time to market work/housework/child care/leisure. Opportunity costs include two kinds: hourly child care costs and log hourly wage rates. Results show that a unit increase in child care costs reduces market work but increases housework, child care, and leisure. The effects of log wage rates are opposite those of child care costs. The result that a unit increase in the log wage rates decreases child care lime is not consistent with a previous study for the United Stales. These results differed by mother's educational attainments. This study suggests that policy-makers should pay careful attention to the effects of various types of mother's opportunity costs on non-market time in promoting maternal employment.

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A Cost-Benefit Analysis of Industrial Health Promotion Program in Korea (산업보건사업의 경제성 분석)

  • 김진현;양봉민;이석연
    • Journal of Environmental Health Sciences
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    • v.19 no.2
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    • pp.88-99
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    • 1993
  • There has been investments by firms to protect workers' health and to improve their health status. Most of the investments are made on the ground of legal requirement. However many argue that the amount of investments made falls short of the legally required level. One of the reasons why firms are not active in undertaking required investments is that they are not certain whether such investment is economically beneficial to them or not. Using CBA (Cost-Benefit Analysis), this study investigates whether firms' investments on workers' health are economically justifiable or not. All kinds of expected costs and benefits are itemized and calculated, and costs are compared with benefits. The result shows that if firms fully undertake the legally required investments, total expected costs amount to W453.2 billion and expected benefits accruing to reductions from medical care costs, workers compensation costs, litigation costs in case of legal suit, work days lost, and etc. comes up to W2,086.8 billion. In other words, economic benefits from firms' investment on industrial health far outweighs their costs. As the economy grows, the probability of having various occupational disease increases. It is well conceivable from this study outcome that, the higher the probability, the greater the social loss would be, and the greater the benefits from proper investments on workers' health.

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Health Care Utilization and Costs for the Disabled Not Included in the Medical Aid Allowance (의료급여 장애인의 비 급여 의료비용 조사)

  • Rhee Seon Ja;Lee Hyo Young;Kim Mi Ju;Jang Soong Nang
    • Journal of Korean Public Health Nursing
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    • v.17 no.2
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    • pp.287-298
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    • 2003
  • This study was conducted to identify the health care utilization, health care costs, and potential health care demands of the disabled in the Medicaid Aid beneficiaries. This study focused on the heath care costs not included in the medical aid allowance such as transportation, informal nursing costs, and ambulatory aids etc. Participants were the 864 subjects who were beneficiaries of the National Medical Aid program living in 10 district of Korea. A questionnaires were distributed to the disabled in the Medical Aid beneficiaries during August to September, 2001 through public offices. Data were collected through a home visiting by social workers working in public offices. Direct and indirect medical costs expended for one month by the participating disabled were examined. They expended 110.748 won $({\$}100)$ for heath care costs, which was not included in the medical aid allowance during the month. The disabled with cerebral diseases or who have level 4 disability expended more health care costs compare to those with other diseases. Gradual expansion of medical aid allowance for the disabled is recommended to alleviate economic burden of the disabled and their family.

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The Psychological Costs and Rewards of Weekend Couples by the Type of Living Together (주말부부의 거주유형에 따른 심리적 비용과 보상에 관한 연구)

  • 곽인숙
    • Journal of Families and Better Life
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    • v.21 no.2
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    • pp.187-199
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    • 2003
  • The purpose of this study was to understand the weekend couples' type of residence, and to identify the factors to determine their major living place. Specifically, this study dealt with the weekend couples' psychological costs and rewards when they live apart in weekdays. The data were collected from 33 married couples from 2002 June to July about their family life history. The major findings of this study were summarized as follows: 1) the type of living together ; husband living apart on weekdays, wife living apart on weekdays, wife and child living apart on weekdays, living multi-residence. The majority of them were the type of husband living apart on weekdays. 2) children's care and education were an important factor in a couple's decision 3) weekend couples' psychological costs were such as difficulties of children's care, very fatiguing, shortage of time, and emotional isolation. In spite of all these costs, weekend couples still maintain their separate living arrangements during the week. They felt different kind of psychological costs by the type of living together. 4) psychological rewards were professional success, self-fulfillment, plenty of time to use purposely, and weekenders' relationships to their spouses might seem better than before. Socialization of child-care and household-labor are important factors to reduce psychological costs for the all weekend couples.

Comparison Analysis of Construction Costs according to LEED and non-LEED Certified Educational Buildings (교육시설물의 LEED 인증유무에 따른 공사비 비교연구)

  • Ha, Sun-Geun;Son, Kiyoung;Kim, Ji-Myong;Kim, Taihui
    • Journal of the Korean Institute of Educational Facilities
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    • v.24 no.6
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    • pp.3-10
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    • 2017
  • The efforts for sustainable development in building construction is widely applied by global organizations, governments, etc. However, according to the researchers, if the green rating systems on the building, it is reported that construction costs and durations are increased compared to conventional buildings. In this respect, the objective of this study is to identify the construction costs between LEED and non-LEED buildings. The scope of this study is limited in 21 university buildings of Canada. The methodology is as follows: First, the data of LEED and non-LEED buildings are collected in every university building. Second, the average construction costs per square meter is collected and normality check is conducted. Third, to identify statistical significance, the difference of average construction costs is analyzed by using T-test. As a result, it is concluded that the construction costs of LEED buildings are increased by approximately 3.8% more than non-LEED buildings. In the future, the results of this study can be applied to analyzing the additional costs according to the LEED grade in educational buildings.

The Product Standard Costs System Constructionby Group and Application of Small and Medium Business (중소기업의 제품그룹별 표준원가시스템 구축 및 활용)

  • Kim, Pan-Soo
    • Journal of the Korea Safety Management & Science
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    • v.13 no.3
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    • pp.153-168
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    • 2011
  • In medium and small firm, the management system which is simple and where there is a practicality is required Ill)re than the management system which is complicated and minute of the centered around large company so that the introduction of the standard costs can be activated and it can be usefully used as a tool of management decisions. A difference between the standard costs introduction plan proposed in this paper and the preexistance study literature are as follows. In this paper, by breaking from the whole cost accounting aiming at all item, that is the traditional introduction method, and presenting the product cost accounting method by group the standards setting object was minimized and simplified. In this way, if the standards setting object is simplified, it is quick at the perimeter environment change as the little man power and flexibly it corresponds to and the cost information calculation which is exact with the setting up and maintenance of the efficient cost standard becomes available. As a result of applying for real through S corp., the usability of the method that the standard costs introduction method proposed in this paper produced the standard costs relatively short within period, it manages was verified. And the standard costs introduction method proposed in this paper went by the various cost information for each products, the management class did the management will decision which was objective and reasonable in the putting first.

Connecting Value and Costs

  • Eddy David M.
    • 대한예방의학회:학술대회논문집
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    • 1994.02b
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    • pp.84-86
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    • 1994
  • AS A SOCIETY, we are in conflict with ourselves about the cost of health care. 1 On one hand, we want the best care possible, regardless of cost. On the other hand, we are not willing to pay the cost of the care we want. Our conflict parallels a flaw in the medical marketplace. An essential condition for achieving an equilibrium between cost and value is that the two must be connected through decisions. When people decide what products and services (goods) they want, they must not only see the value they will receive, but they mast also be responsible for the costs. Because of a variety of features of the medical marketplace-most notably third-party coverage, third-party advice, and uncertainty about outcomes-the required connection between value and cost is severed. The result is what we see. One side of our collective mind demands more services while the other side cries that costs are too high. Resolving our conflict will require connecting value to cost. An essential step in accomplishing this will be to incorporate costs in practice policies. 1 As controversial as that thought might seem (the great majority of practice policies currently do not take costs into account except in the most rudimentary way), arriving at the conclusion is the easy part. A more difficult issue is how to implement the goal of connecting value to cost. Suppose we agree that, in principle, costs should be considered when practice policies are designed, and that an activity should be recommended and covered only if its health outcomes (benefits minus hanns) are deemed to be worth its costs. The next questions are, Who should do the deeming? What should the deemers be asked?

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THE EFFICIENT ESTIMATE OF ENVIRONMENTAL MANAGEMENT COSTS IN THE CONSTRUCTION SITES

  • Hyuk Moon;Sung-Jin Kim;Jae-Jun Kim
    • International conference on construction engineering and project management
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    • 2005.10a
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    • pp.437-446
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    • 2005
  • Recently as people's values are changing from development phase into running stage after quality of life, so that the needs of environmentally friendly construction are gradually increasing. Also populace discontent about the pollution during construction process such as the noise and vibration caused by construction machinery is increasing. Even though it is impossible to eliminate the construction pollution fully, it is necessary to make efforts to reduce construction pollution to a minimum. In terms of construction site operating, the first possible step for solving these matters directly is that the necessary sum of expenses must be secured as the environmental management costs in the conceptual phase. However, in fact, the environmental management costs have not been secured in the budget. Generally it is the major reason not arising proper activities to prevent the pollution in the construction site. The purpose of this research is to suggest the efficient budgeting method regarding Environmental management costs to ensure the necessary sum of environmental management expenses. To provide an efficient budgeting method, interviews with the person in charge of environment management was conducted. 78 construction sites was surveyed and environmental management costs were analyzed through their historical data from the survey. According to the results of analysis, the ratio of environmental management costs is revealed 0.45% of construction cost as average comparing 0.2% of legal limit. And usually the environmental management cost was appropriated into the safety management budget. So it is needed to isolate environmental management budget securely and modify the ratio of Environmental conservation Costs in Construction Technology Management Act.

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A Study of Total Medical Cost and Hospitalization Risk of Patients with Schizophrenia and Type 1 Diabetes Mellitus (제1형 당뇨병을 동반한 조현병 환자의 총 의료비용 및 입원 위험)

  • Lee, Sang-Uk;Kim, You-Seok
    • Korean Journal of Schizophrenia Research
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    • v.22 no.1
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    • pp.8-13
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    • 2019
  • Objectives: The aim of this study was to explore the prevalence of type 1 diabetes in patients with schizophrenia and their total medical costs and risk of hospitalization. Methods: This study used Health Insurance Review and Assessment Service data in Korea. To examine total medical costs and risk of hospitalization, we selected 1,510 subjects with schizophrenia (half with and half without type 1 diabetes) that were 1:1 matched via propensity score matching. In health care system perspective, total medical costs included out-of-pocket and insurer's costs. Logistic regression models were used to examine the risk of hospitalization. Results: The prevalence of type 1 diabetes in patients with schizophrenia was 3.87 per 1,000 person year. Among patients with schizophrenia, the amount of total average medical costs and hospitalization costs in patients with type 1 diabetes was 1.49 and 1.59 times higher than those in patients without it, respectively. The odds of hospitalization were higher among patients with type 1 diabetes compared with those without it (odds ratio, OR=1.97 ; 95% CI 1.60-2.43). Conclusion: This study showed that medical costs and risk of hospitalization were higher in schizophrenia patients with type 1 diabetes. Therefore, these individuals may require specific care programs.