• Title/Summary/Keyword: economic efficiency analysis

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Calculation Model for Function & Cost Score based on Normalization Method in Design VE (정규화 기법 기반의 설계VE 기능 및 비용 점수 산출 모델)

  • Lee, Jongsik
    • Korean Journal of Construction Engineering and Management
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    • v.16 no.4
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    • pp.98-106
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    • 2015
  • VE aims at reduction in a budget, improvement of function, structural safety and quality security for public construction projects. However, there is possibility for the structural safety and quality security review to be insufficient because related regulations are mostly composed of analysis on economic efficiency of design. In addition, due to the misconception about VE as a cost saving methodology, an alternative is being presented which still focuses mainly on cost saving, but with no objective evaluation of function related to cost. In order to improve this, the government adopted the reduction of life cycle cost and proposal of value improvement, and let people specify the cost and function of the original plan versus the alternative plan, and the value changes between them. However, it is written mainly into practical convenience rather than theoretical basis since a specific way is not suggested. The current method sets a different starting point by applying the attributional difference of function and cost. Furthermore, an evaluation standard for correlating is an important element in rational decision making for assessing and choosing an alternative. This paper analyzes the process and method of function & cost scoring when performing VE and suggests a mathematical normalization model in order to support rational decision making when selecting an optimum plan.

A Research on Partnership between General contractor and Specialist trades (일반.전문건설업체간의 협력관계에 대한 설문 분석)

  • Kim, Myung-Un;Lee, Jong-Sik;Lee, Jea-Sauk;Chun, Jae-Youl
    • Proceedings of the Korean Institute Of Construction Engineering and Management
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    • 2008.11a
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    • pp.587-590
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    • 2008
  • Typically, General contractor in the construction industry can not plan their own of the amount of orders received, and because of the size of wide fluctuations in the amount of annual orders received for equipment or personnel to full-time employment has limits. Therefore, with a vertical division of labor between specialist trades which distributed the risk and the intention to improve the efficiency of production will be. For this reason, the production structure of the general subcontracting relationships are formed. In this way, Depending on the structure of production outsourced management of the project is the impact on the successful completion. Nevertheless, most construction companies do not achieve effective an organized cooperation until now. This study is to understand the actual conditions an organized cooperation between general contractor and specialist trades, and is look at ways to improve with find the complement. This paper is a preliminary study of the leading research based on the present condition of the cooperating companies considered to be the cause. A result of Analysis, the actual conditions in cooperation of the construction industry is staying in an external form of organizational cooperation And were not effective utilization of the organization for the cooperation a production. Specialist trades have had to register as partners for the amount of orders received, the level of practical cooperation was almost no activity to improve a production. in each step an organized cooperation in the construction industry, to improve productivity construction and to create of economic value for the cooperation of production is required.

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A Study on the Reduction of Traffic Induced Contributions through Installing a Parking Guidance System (주차유도시스템 설치에 따른 교통유발부담금 경감을 위한 연구)

  • Choi, Yang-Won;Cho, Hyun-Seog
    • KSCE Journal of Civil and Environmental Engineering Research
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    • v.34 no.1
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    • pp.235-241
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    • 2014
  • There are many traffic problems in a city such as parking, traffic jam caused by traffic induction facility. Therefore it is essential to demand for traffic demand management to building's owner whose building location causes traffic induction. According to the 90s traffic policy, government collects fee for traffic induction facility through traffic policy management and they encourage the building owner to join reduction of traffic jam program by reduction of traffic induction fee. However there are not many buildings owner joined this program because the program is not ghat beneficial. For example, if government set out parking guidance system (part of parking demanding system) in a city, it will reduce to 20% of traffic induced contributions but t can be used only once a year, so it is not efficient to used even it is valuable for about 10 years. In particular, according to the economic efficiency analysis, evaluate economically as net present value (NPV) to 2,160.44 million won, ratio of benefit/cost (B / C) to 2.44 during 10 years. Therefore this research will find out what is necessary for parking guidance system.

Estimation of Snow Damage and Proposal of Snow Damage Threshold based on Historical Disaster Data (재난통계를 활용한 대설피해 예측 및 대설 피해 적설심 기준 결정 방안)

  • Oh, YeoungRok;Chung, Gunhui
    • KSCE Journal of Civil and Environmental Engineering Research
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    • v.37 no.2
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    • pp.325-331
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    • 2017
  • Due to the climate change, natural disaster has been occurred more frequently and the number of snow disasters has been also increased. Therefore, many researches have been conducted to predict the amount of snow damages and to reduce snow damages. In this study, snow damages over last 21 years on the Natural Disaster Report were analyzed. As a result, Chungcheong-do, Jeolla-do, and Gangwon-do have the highest number of snow disasters. The multiple linear regression models were developed using the snow damage data of these three provinces. Daily fresh snow depth, daily maximum, minimum, and average temperatures, and relative humidity were considered as possible inputs for climate factors. Inputs for socio-economic factors were regional area, greenhouse area, farming population, and farming population over 60. Different regression models were developed based on the daily maximum snow depth. As results, the model efficiency considering all damage (including low snow depth) data was very low, however, the model only using the high snow depth (more than 25 cm) has more than 70% of fitness. It is because that, when the snow depth is high, the snow damage is mostly caused by the snow load itself. It is suggested that the 25 cm of snow depth could be used as the snow damage threshold based on this analysis.

A Comparative Study of Economical Efficiency in Apartment Security System: Focused on a Enhancing the Effectiveness of Senior Employment Programs (아파트 유·무인 경비시스템의 경제성 비교 연구: 노인일자리 사업의 효용성 제고를 중심으로)

  • Ha, Jai-Ryong;Lee, Kwang-Won
    • Korean Security Journal
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    • no.41
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    • pp.7-36
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    • 2014
  • Recently the Korean government announced that minimum wage policy would be applied even to apartment security staffs by 2015 who had been waived from the policy enforcement for their unique work conditions. This caused apartment management to introduce unmanned security system instead of employing security staffs because of fearing possible hike of management fees. People recklessly tend to believe unmaned system is cheaper than maned system if minimum wage guideline is applied. This study examines the economic feasibility of two different apartment security systems by utilizing cost-benefit analysis: maned and unmaned security systems. The authors estimate the costs and the benefits of each security system for 5 years(2014-2018) with application of social discount rate(5.5%). Thirty six apartment complexes at 8 different areas(meons and dongs) in Asan, Chungcheongnam-do province were surveyed. And to attain the exact costs of unmaned system establishment and operation, the authors interviewed persons working for the unmaned security corporations. The benefit-cost(B/C) ratio for unmanned security system is 1.66% at minimum and 1.30% at maximum. while B/C ratio for manned security system is 1.42% and 1.66% respectively. This results mean that people's belief is not correct, that is, transferring from maned system to unmaned is not always economically efficient. Benefits of maned security system is more diverse than unmaned system. The former provides living conveniences(parking helps and keeping parcels) and social benefits(employing aged worker and giving them opportunities to enjoy happier lives) as well as security benefits like crime prevention. The latter provides security benefits only, but that effect is also doubtable. Taking into account these diverse benefits maned system provides, the B/C ratio of maned system is equitable or higher than unmaned system.

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Development of Precast Concrete Method for Eco-Pillar Debris Barrier with Hollow Cross-Section (중공트랙형 단면의 프리캐스트 에코필라 사방댐 공법개발)

  • Kim, Hyun-Gi
    • Journal of the Korea Academia-Industrial cooperation Society
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    • v.19 no.3
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    • pp.542-552
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    • 2018
  • In this paper, the precast method of a concrete eco-pillar debris barrier was proposed to improve the construct ability and economic efficiency. The performance was validated by experimental and structural analysis. The steel debris barrier has a high construction cost and causes environmental damage with corrosion. The construction of a concrete eco-pillar debris barrier has been increased recently. On the other hand, there are no design standards regarding debris barriers in Korea, and debris barriers are being designed by the experience and sense of engineers. Therefore, in this study, a method to determine the design external forces was proposed and the design was performed by applying a hollow cross-section to the debris barrier. In addition, three types of connection methods of a concrete cantilever column with the maximum bending moment acts were proposed, and validation of the performance of each type was performed with a real-scale experiment. The experimental results showed that the type with loop reinforcement had the highest rigidity and the type with anchorage performance exceeded the maximum bending moment according to the ultimate load. In the manufacturing procedure of mock-up debris barriers, the type with an anchorage-bar was found to have superior construct ability.

Indexation and Importance Evaluation of Farmers' Acceptance Factors for New Farming Technologies (농가의 영농 신기술 수용요인 지표화 및 중요도 평가)

  • Jeong, Yun Hee;Seo, Sangtaek
    • Journal of the Korea Academia-Industrial cooperation Society
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    • v.21 no.11
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    • pp.254-263
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    • 2020
  • This study developed indexes of farmers' acceptance factors for new farming technologies and evaluated the importance of the developed. For this study, farming technologies were classified according to the criteria established by the Rural Development Administration, and the Delphi technique was applied to evaluate the importance of the indexes. The indexes were composed of two tiers and evaluated by the analytic hierarchy process (AHP). Results showed that the importance of the first tier was finance and profitability with 43.9%, technology affairs 23.6%, labor environments 22.4%, and related industries and service system 10.1%. The importance of the second tier was the ease of technology acceptance 64.9% and technology completion 35.1% for technology affairs in the first tier, labor intensity 53.7%, work hazard 26.7%, working hours 19.6% for labor environment, farm income increment 69.9% and new fund required 30.1% for finance and profitability, and training and service system 66.7% and activation of related industries 33.7% for related industry and service system. This study may contribute to farmers' acceptance of new farming technologies and increase the efficiency and effectiveness of agricultural research and extension activities by the Rural Development Administration.

Analysis on the Credit Guarantee System for Creative Economy in Korea (창조경제 활성화를 위한 금융지원 방안에 대한 연구 : 신용보증제도를 중심으로)

  • Yoo, Kyeongwon;Kim, Kyungkeun;Bae, Sang Hoo
    • Asia-Pacific Journal of Business Venturing and Entrepreneurship
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    • v.9 no.6
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    • pp.47-64
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    • 2014
  • Considering the network externality and spill-over effects, this paper constructs the theoretical model for analyzing the financial policies focusing on the credit guarantee system for Creative Economy, which has been set as the new policy paradigm for the Korean Economy. The analytical results show that it is as much as important to improve the efficiency of the financial markets and construct the infrastructure for reducing the information asymmetry problem which would be more serious in the creative finance. Although it is important to fill the gap due to the market failure it is also crucial to construct the appropriate financial schemes for the various stages of the innovative firms growth. Without these, the impacts of current public funding policies may crowd out the amount of private market funds for the innovative firms or reduce the possibility of commercialization of new technologies in these firms. Based on the evaluation of current related public policies from the perspectives of creative finance, we imply that the current financial policies appear to be quantity oriented not the quality based. Although the policy goals would be appropriately set for vitalizing the Creative Economy in Korea, they appear to be still unsuccessful to address the information asymmetry issue which is the major concern in vitalizing the creative economy. Thus we emphasize the market friendly policies, risk-sharing between the various market participants, revitalizing the relationship banking and efficient management of credit guarantee system in Korea based on the analytical model as well as the evaluation of related policies regarding the creative economy.

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Effect of Cubed Roughage Supplementation and Red Clay Levels on Growth Performance, Meat Quality and Economic Benefits in Korean Native Cattle (양질 조사료의 보충과 황토의 첨가수준이 한우의 성장성적, 육질 등급 및 경제성에 미치는 영향)

  • Jin, Y.H.;Jin, M.G.;Hong, J.S.;Lee, H.G.;Lee, B.K.;Kim, J.S.;Choi, Y.J.
    • Journal of Animal Science and Technology
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    • v.44 no.1
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    • pp.61-68
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    • 2002
  • This study was conducted to estimate the effects of high quality cubed roughage and red clay (0%, 1%, 2%) on growth performance, meat quality and economical benefits. Thirty-six 6 month-old Korean native cattle, averaging 156kg of BW, were assigned to six groups in a 2 (rice straw : RT, rice straw+cubed roughage : RCT) ${\times}$ 3 (0, 1, 2% red clay). During experimental period, the high quality cubed roughage added into rice straw treatment (RCT) was superior to the only rice straw treatment (RT) on daily gain and feed efficiency and final weight 10%, 6.8%, 8.2% (P$<$0.05) respectively. But the addition of red clay did not affect and even 2% addition decreased those parameters. For meat quality and economical analysis, the addition of high quality cubed roughage made an outstanding result and for RT treatment, only 1% red clay indicated good effects while both 1% and 2% red clay were better than 0% for RCT treatment. From these results, it is assumed that the addition of red clay for fattening Korean native cattle has no effects on growth performance but 1% treatment has good results on improving meat quality and economical benefits. It also suggests that the combination high quality roughage and concentrated red clay is beneficial for producing high quality meat in with economical benefits.

Algorithm Deciding Offshore Cable Layout Valid for Integrated Power Supply Between Adjacent Islands (근거리 도서간 통합전력공급에 유효한 해저케이블 포설 방안 결정 알고리즘)

  • Kim, Mi-Young;Rho, Dae-Seok;Moon, Guk-Hyun;Seo, In-Yong
    • Journal of the Korea Academia-Industrial cooperation Society
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    • v.19 no.2
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    • pp.28-36
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    • 2018
  • Islands are supplied with power from diesel generation or from photovoltaic power generation, and problems with offshore environmental impacts (age deterioration, salt pollution), environmental pollution (exhaust gas, noise, dust) and power generation costs (installation, maintenance) have increasingly emerged. In 2016, the cost recovery rate was only 27%, and deficits reached 73% on 65 islands managed by KEPCO. In terms of deficits, the costs incurred in the power generation sector accounted for 91%, with the ratio of fixed costs at about 60%. Analysis suggests that operating costs can be reduced with an optimal power supply system that improves power generation efficiency and makes operating systems more efficient. Therefore, it is possible to simplify fuel transportation and facility maintenance, because one island integrates the power plants of remote islands, and offshore cable is used to supply power to the other islands. From the economic evaluations in this paper, an algorithm deciding offshore cable layout validity for an integrated power supply between adjacent islands is presented. Simulation results based on the proposed algorithm confirmed that an integrated power supply is economical for existing stand-alone operations on islands having diesel generation, low peak power, and near distances.