• Proceedings of the Korean Institute Of Construction Engineering and Management
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• 2007.11a
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• pp.396-400
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• 2007

Various ways of automated guideway transit construction are being planned recently owing to the policies of the national government and local municipalities as well as increasing investment from the private sector. Particularly, the increase in the private investment is increasing greatly in SOC (Social Overhead Cost). This trend of promoting private sector investment must be conducted on the basis of a thorough analysis of the economic feasibility of the project from the government and construction companies in the private sector. In other words, an accurate cost analysis of initial investment cost (Construction cost), maintenance/repair cost, profit making through the operation of the concerned facilities, cost of dissolution, etc. in terms of the life cycle is very much in need. Nevertheless, the analysis of uncertainty factors and its probabilistic theory are in need of development so that they can be used in the analysis of the economic feasibility of a construction project. First of all, the actual studies on maintenance/repair cost of automated guideway transit are scarce as of yet, prohibiting an accurate computation of the cost and its economic analysis. Accordingly, this study focused on the uncertainty analysis of the economic feasibility for civil engineering structures among automated guideway transit construction projects based on the rapidly increasing investment on such structures from the private sector. For this research purpose, a cost classification system for the automated guideway transit is proposed, first of all, and the data On the cost cycle of the civil structure facilities and their unit cost are collected and analyzed. Then, the uncertainty in the cost is analyzed from the perspective of LCC. In consideration of the current status with almost no. studies on maintenance/repair of such facilities, it is expected that the cost classification system and the uncertainty analysis technique proposed in this study will greatly enhance LCC analysis and economic feasibility studies for automated guideway transit projects in the future.

• International Journal of Highway Engineering
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• v.18 no.3
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• pp.47-57
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• 2016

PURPOSES : This study aims to examine the differences between the existing traffic demand forecasting method and the traffic demand forecasting method considering future regional development plans and new road construction and expansion plans using a four-step traffic demand forecast for a more objective and sophisticated national highway maintenance. This study ultimately aims to present future pavement deterioration and budget forecasting planning based on the examination. METHODS : This study used the latest data offered by the Korea Transport Data Base (KTDB) as the basic data for demand forecast. The analysis scope was set using the Daejeon Metropolitan City's O/D and network data. This study used a traffic demand program called TransCad, and performed a traffic assignment by vehicle type through the application of a user equilibrium-based multi-class assignment technique. This study forecasted future traffic demand by verifying whether or not a realistic traffic pattern was expressed similarly by undertaking a calibration process. This study performed a life cycle cost analysis based on traffic using the forecasted future demand or existing past pattern, or by assuming the constant traffic demand. The maintenance criteria were decided according to equivalent single axle loads (ESAL). The maintenance period in the concerned section was calculated in this study. This study also computed the maintenance costs using a construction method by applying the maintenance criteria considering the ESAL. The road user costs were calculated by using the user cost calculation logic applied to the Korean Pavement Management System, which is the existing study outcome. RESULTS : This study ascertained that the increase and decrease of traffic occurred in the concerned section according to the future development plans. Furthermore, there were differences from demand forecasting that did not consider the development plans. Realistic and accurate demand forecasting supported an optimized decision making that efficiently assigns maintenance costs, and can be used as very important basic information for maintenance decision making. CONCLUSIONS : Therefore, decision making for a more efficient and sophisticated road management than the method assuming future traffic can be expected to be the same as the existing pattern or steady traffic demand. The reflection of a reliable forecasting of the future traffic demand to life cycle cost analysis (LCCA) can be a very vital factor because many studies are generally performed without considering the future traffic demand or with an analysis through setting a scenario upon LCCA within a pavement management system.

• The Transactions of The Korean Institute of Electrical Engineers
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• v.64 no.7
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• pp.984-991
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• 2015

This paper presents the methodology for optimal design of power grid for offshore wind power plant (OWPP) and optimum location of offshore substation. The proposed optimization process is based on a genetic algorithm, where the objective cost model is composed of investment, power loss, repair, and reliability cost using the net present value during the whole OWPP life cycle. A probability wind power output is modeled to reflect the characteristics of a wind power plant that produces electricity through wind and to calculate the reliability cost called expected energy not supplied. The main objective is to find the minimum cost for grid connection topology by submarine cables which cannot cross each other. Cable crossing was set as a constraint in the optimization algorithm of grid topology of the wind power plant. On the basis of this method, a case study is conducted to validate the model by simulating a 100-MW OWF.

• Journal of the Korean Institute of Illuminating and Electrical Installation Engineers
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• v.29 no.8
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• pp.83-89
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• 2015

This study suggests the methodology to decide the number and adequate capacity of substation transformer in a large-scale offshore wind farm (OWF). The recent trend in transformer capacity of offshore substation is analyzed in many European offshore wind farm sites prior to entering the studies. In order to carry out the economic evaluation for the transformer capacity we present the cost models which consist of investment, operation, and expected energy not supplied (EENS) cost as well as the probabilistic wind power model of wind energy that combines the wind speed with wind turbine output characteristics for a exact calculation of energy loss cost. Economic assessment includes sensitivity analysis of parameters which could impact the 400-MW OWF: average wind speed, availability, discount rate, energy cost, and life-cycle.

• Journal of Energy Engineering
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• v.10 no.3
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• pp.177-182
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• 2001

This paper aims at evaluating HSDI diesel passenger cars introduction. The result of economic analysis after accounting for the life cycle cost per car shows a saving of 13,836 thousand won in fuel cost per diesel car assuming a life of 10 years and the annual travel distance of 20,000km. Assuming an average travel distance of 20,000km and a 10% increase in sales of diesel passenger car, the social benefit starts to accrue from the year 2002 and, in 2010, is estimated to be 154.1 billion won relative to the gasoline passenger car. The cumulative social benefit up to 2010 under the same assumptions is expected to reach 636.8 billion won.

• International Journal of Highway Engineering
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• v.15 no.1
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• pp.11-21
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• 2013

PURPOSES: As pavement generally provides service shorter than an expected life cycle, maintenance cost increases gradually. In order to help extending the service life and reduce maintenance cost, a new multi-functional composite pavement system is being developed in Korea. METHODS: This study is a part to develop the multi-functional composite pavement and is to investigate the mechanical performances of fiber-reinforced lean concrete for pavement subbase. The inherent problem of fiber reinforced concrete is dispersion of fibers in concrete mix. This study additionally evaluated fiber dispersion characteristics with respect to different fiber types. RESULTS: From the test results, the compressive strengths of the concretes satisfied the required limit of 5MPa at 7days. The standard deviation of the measured number of fibers were lower in the order of nylon, steel fiber and polypropylene. CONCLUSIONS: Reject ash was shown to be satisfactory as a replacement material to Portland cement in lean concrete base. The fiber volume fraction is suggested to be 0.4% even though the fracture toughness did not vary significantly with respect to fiber types. However, fracture energy absorbed up to complete failure increased with the increased fiber volume fraction increment.

• Journal of Korean Society of Steel Construction
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• v.20 no.2
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• pp.259-268
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• 2008

This paper proposes a method to establish an optical lifetime maintenance strategy for deteriorating bridges in consideration of life-cycle performance and cost. A program is developed based on the proposed method, which can generate optimum maintenance scenarios not only at the individual member level but also at the system level of the bridge. By applying the developed program is studied through the comparative analysis of maintenance strategies generated at each level. According to the results of comparison between maintenance strategies of the member-level analysis and system-level analysis. It is expected that the establishment of a maintenance strategy through the bridge system-level analysis considering target, members reflects practical and reasonable results.

• Korean Journal of Construction Engineering and Management
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• v.9 no.4
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• pp.182-192
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• 2008

The purpose of this research is to identify problems and solutions of domestic Life Cycle Cost analysis in BTL(Build-Transfer-Lease), a PFI(Private Finance Initiatives) project. It is expected BTL would be quite effective delivery method for public construction introducing the private's major capital investments and technologies, and obviously LCC analysis is becoming more important factor for success of BTL projects. Nevertheless, there are still some complicated issues in LCC analysis, a technique for selecting the optimal VE(Value Engineering) proposals and estimating OM&R (Operation, Maintenance, & Repair) cost of the buildings, and has been applied limitedly. This research mainly focuses on educational facility, as most frequently delivered by BTL currently, especially with two levels (Alternative LCC and Building LCC) , which is occupied main potion in BTL project. In addition, it identifies four main problems and suggests their solutions through case studies focusing six major factors (WBS, Repair Information, Life Cycle, Time value of money, Repair Information Database, LCC Model) from three projects. Advanced development of this research requires closer partnership between the private / public sectors, and their long term strategies.

• Korean Journal of Computational Design and Engineering
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• v.20 no.2
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• pp.124-132
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• 2015

When Building Information Modeling (BIM) was introduced at the early stage, it was only utilized as a three-dimensional visualization tool. Nowadays, however, BIM is being studied for increasing design productivity and managing enormous information on building life cycle. One of the representative research is developing 'common prototype BIM libraries'. BIM data made of common prototype libraries should be utilized in various ways, quantity takeoff, code checking, energy analysis and so on. However, common prototype BIM libraries are not enough to estimate accurate cost. For example, composite wall libraries should be divided into several single objects, wall structure and finishes, for the quantity takeoff and construction cost calculation. In this paper, we are suggesting an automated division algorithm of composite wall and developing a system prototype for it. This study is expected to reduce extra modeling work and contribute to fast and accurate cost calculation in the construction.

• Journal of the Korea Institute of Military Science and Technology
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• v.25 no.5
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• pp.530-538
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• 2022

Recently, the R&D of weapon systems has been strengthened in terms of economic cost management throughout the entire life cycle from performance. This study proposes the method for setting the optimal maintenance concept based on RAM-C in weapon system acquisition stage by calculating the operation & maintenance cost as well as reliability, availability, and maintainability. First, we design a simulation model for analysis of weapon system logistic supportability. In addition, information such as weapon system Part Breakdown Structure, operation & maintenance system, cost, and etc for simulation analysis, is applied. Based on the obtained simulation results, the optimal plan is selected among alternatives designed with various maintenance concepts through normalization and weight setting. It is expected to be of technical help in the application of RAM-C in the weapon system acquisition stage.