• Title/Summary/Keyword: life-cycle cost analysis

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Cost Effectiveness of Bse-Isolation for Bridges in Low and Moderate Seismic Region (중저진 지역에서의 지진격리교량의 경제적 효율성에 관한 연구)

  • 고현무
    • Proceedings of the Earthquake Engineering Society of Korea Conference
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    • 1999.04a
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    • pp.178-185
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    • 1999
  • Minimum life-cycle cost helps to evaluate cost effectiveness of base-isolated bridges under specific condition. Life-cycle cost mainly consists of the initial construction cost and the expected damage cost. Damage cost estimation needs proper model of input ground motion failure probability evaluation method and limit states definition. We model the input ground motion as spectral density function compatible with the response spectra defined at each seismicity and site condition. Spectrum analysis and crossing theory is suitable for reseating calculation of failure probabilities in the process of cost minimization. Limit states of base-isolated bridges re defined for superstructure isolator and pier respectively The method is applied to both base-isolated bridges and conventional bridges under the same conditions to investigate cost effectiveness of base isolation in low and moderate seismic region. the results show that base-isolation of bridges are more effective in low and moderate seismic region and that the site effects on the economical efficiency may not be negligible in such a region.

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Development of Bridge Management System for Next Generation based on Life-Cycle Cost and Performance (생애주기 비용 및 성능을 고려한 차세대 교량 유지관리기법 개발)

  • Park, Kyung-Hoon
    • Proceedings of the Korean Institute Of Construction Engineering and Management
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    • 2007.11a
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    • pp.167-174
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    • 2007
  • This study proposes a practical and realistic method to establish an optimal lifetime maintenance strategy for deteriorating bridges by considering the life-cycle performance as well as the life-cycle cost. The proposed method offers a set of optimal tradeoff maintenance scenarios among other conflicting objectives, such as minimizing cost and maximizing performance. A genetic algorithm is used to generate a set of maintenance scenarios that is a multi-objective combinatorial optimization problem related to the and the life-cycle cost and performance as separate objective functions. A computer program, which generates optimal maintenance scenarios, was developed based on the proposed method. The subordinate relation between bridge members has been considered to decide optimal maintenance sequence. The developed program has been used to present a procedure for finding an optimal maintenance scenario for steel-girder bridges on the Korean National Road. Through this bridge maintenance scenario analysis, it is expected that the developed method and program can be effectively used to allow bridge managers an optimal maintenance strategy satisfying various constraints and requirements.

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Reliability Analysis Models for Maintenance of bridge structures (교량구조물의 유지관리를 위한 신뢰성 해석 모델)

  • Kim, Jong-Gil;Sohn, Yong-Woo;Lee, Cheung-Bin;Ahn, Young-Ki
    • Journal of the Korea institute for structural maintenance and inspection
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    • v.8 no.3
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    • pp.251-261
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    • 2004
  • Recently, the corrosion and aging of bridge structures are of great concern impractical The uncertainties of the corroded reinforced bars in concrete influence not only the safety of the bridge structures, but also the flexural strength of reinforced concrete members. This paper considers these uncertainties by providing a reliability-based framework and show that the identification of the optimum maintenance scenario is a straightforward process. This is achieved by using a computer pro망am for Life Cycle Cost Analysis of Deteriorating Structures (LCCADS). This program can consider the effects of various types of actions on the reliability index profile of a deteriorating structures.

Cost-Effectiveness Methodology for Maritime Patrol Aircraft

  • Cho Doug-Woon
    • Journal of the military operations research society of Korea
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    • v.15 no.2
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    • pp.147-159
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    • 1989
  • This paper presents a formalized methodology for conducting cost-effectiveness analysis on the ROK Navy's maritime patrol aircraft. The methodology involves a Delphi method application for determining the group of appraisal variables as well as their weight values in the area of aircraft effectiveness analysis, Life-cycle costing was employed to produce cost in terms of present worth values of all costs that occur over the common 20-year life cycle. A wide range of experts was selected so that their opinions could be effectively collected and synthesized to form the framework of the effectiveness model. Such a model development strategy provides easy acceptance of the analysis result and assure fairness of the analysis.

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A Study on the Evaluation of the Efficiency in the Costs of the Remodeling (개보수 대상 건물의 비용 측면에서의 효율성 평가에 관한 연구 - 바닥 마감재를 중심으로 -)

  • Kim, Sang-Yong;Jung, Byung-Woo;Kang, Kyung-In
    • Journal of the Korea Institute of Building Construction
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    • v.3 no.4
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    • pp.129-134
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    • 2003
  • The purpose of this study is to evaluate efficiency by the Life Cycle Cost(LCC) analysis of floor covering materials for remodeling. This study has been performed as a case study. The LCC analysis is a technique which takes account into both initial-future costs and benefits of an investment over some period of time. LCC is important in commercial decision making because it provides improved assessment of the living-term cost effectiveness of construction projects as well as alternative economic methods that focus on initial costs. For LCC analysis and comparison, the present value technique is used. The results of this study are summarized as follows; (1) A LCC analysis model of floor covering materials is suggested through a case study (2) As a result of LCC case study, the type of sheet is analysed more economical than that of tile in floor covering materials.

Comparison of Asphalt Concrete Inlay and Overlay for Rehabilitation of Aged Cement Concrete Pavement through Accelerated Pavement Testing and Life-Cycle Cost Analysis (포장가속시험 및 경제성 분석을 통한 절삭 덧씌우기와 비절삭 덧씌우기의 비교)

  • Suh, Young Chan;Kwon, Hong Jun;Lee, Eung Jun
    • International Journal of Highway Engineering
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    • v.19 no.6
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    • pp.75-81
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    • 2017
  • PURPOSES : So far, aged cement concrete pavement on express highways has been rehabilitated mainly with asphalt concrete inlay. However, potholes were the major problem, and they shortened the life of the inlay mainly owing to the poor drainage of water once it infiltrated the interface of the concrete and asphalt. The purpose of this study is to compare the performance and economic efficiency of asphalt overlay and inlay. METHODS : Overlay and inlay were compared through accelerated pavement testing, and a life-cycle cost analysis was conducted in this study using the CA4PRS program. RESULTS and CONCLUSIONS : It was found from accelerated pavement testing that the overlay exhibited reflective crack resistance that was more than twice as effective as that of inlay. The total cost (construction cost + user cost) within the analysis period (20 years) of the overlay was 37% lower than that of the inlay.

A Study on the Application of Life Cycle Cost Analysis for the Urban Transit Vehicle (도시철도차량의 수명주기비용 분석의 적용에 대한 고찰)

  • Chung, Kwang-Woo;Kim, Chul-Su;Ahn, Seung-Ho;Jeon, Young-Seok;Kim, Jae-Moon;Han, Seok-Youn
    • Proceedings of the KSR Conference
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    • 2008.06a
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    • pp.721-732
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    • 2008
  • This paper is concerned with the life-cycle cost(LCC) analysis of the urban transit vehicle. LCC is the core part of analyzing the total cost of acquisition and ownership of a system. LCC in railway industry has been focused on the prediction of investment for railway vehicles. Therefore, to investigate future cost for operation and maintenance in detail, it is necessary to evaluate the LCC of the vehicle systematically. This study is focused on making a fundamental model for estimating the LCC of the urban transit vehicle. To develop a appropriate LCC model, we broadly analyzed specs and standards and compared the LCC model developed in other country. Moreover, this paper proposes strategies to develop an unique LCC model for the urban transit vehicle.

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An Economic Measures of the Renewable Energy considering Environmental Costs (환경비용을 고려한 재생에너지의 경제성 분석)

  • Lee, Gwan-Ho
    • Journal of the Korean Solar Energy Society
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    • v.24 no.3
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    • pp.93-100
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    • 2004
  • This study aims to presents the applicability of economic measures for renewable energy The basic principle and method of economic analyses were investigated and total life cycle cost considering environmental costs according to $CO_2$ generation. In case study, adaptation of new small wind power system to buildings were proved to produce a profit if it is considered the environmental cost and increment of energy prices. And so the economic measures can be used not only for the investment decisions for economic analysis but also for the comparative analysis of environmental cost and economic profits.

A Model of Time Dependent Design Value Engineering and Life Cycle Cost Analysis for Apartment Buildings (공동주택의 시간의존적 설계VE 및 LCC분석 모델)

  • Seo, Kwang-Jun;Choi, Mi-Ra;Shin, Nam-Soo
    • Korean Journal of Construction Engineering and Management
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    • v.6 no.6 s.28
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    • pp.133-141
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    • 2005
  • In the resent years, the importance of VE (value engineering) and LCC (life cycle cost) analysis for apartment building construction projects has been fully recognized. Accordingly theoretical models, guidelines, and supporting software systems were developed for the value engineering and life cycle cost analysis for construction management including large building systems. However, the level of consensus on VE and LCC analysis results is still low due to the lack of reliable data on maintenance. This paper presents time dependent LCC model based value analysis method for rational investment decision making and design alternative selection for construction of apartment building. The proposed method incorporates a time dependent LCC model and a performance evaluation technique by fuzzy logic theory to properly handle the uncertainties associated with statistics data and to analyze the value of alternatives more rationally. The presented time dependent VE and LCC analysis procedure were applied to a real world project, and this case study is discussed in the paper. The model and the procedure presented in this study can greatly contribute to design value engineering alternative selection, the estimation of the life cycle cost, and the allocation of budget for apartment building construction projects.

A Study on LCC Analysis by Floor Finishing Material to Reduce NOX in Urban Areas - Focusing on the photocatalytic pavement and cement pavement -

  • Bong, Jiwan;Lee, Chanhee;Choe, Suhyeon;Kim, Han Soo;Jeong, Kwangbok
    • Korean Journal of Construction Engineering and Management
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    • v.25 no.5
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    • pp.73-81
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    • 2024
  • In South Korea, NOX emissions are a major concern, leading to acid rain and smog, harming both the atmosphere and human health, particularly in urban areas. This study seeks to determine the most advantageous pavement material for NOX reduction in urban areas and assess whether photocatalytic pavement blocks, proven to reduce NOX emissions, can serve as a viable alternative to conventional cement pavement blocks. To achieve this, a comparative life cycle cost (LCC) analysis was conducted between photocatalytic pavement blocks and conventional cement pavement blocks installed for their NOX reduction capabilities. The cost-saving benefits of NOX reduction were monetized for photocatalytic pavement blocks. The analysis period was based on the least common multiple of the replacement cycles of both pavement materials: 30 years. The results revealed that while photocatalytic pavement blocks initially produce higher installation costs than cement pavement blocks, they offer greater cost savings in terms of total cost and net present value due to their NOX reduction effect over the life cycle. Additionally, the cost-saving effects of photocatalytic pavement blocks are even more pronounced because their replacement period is 5 years longer than that of cement pavement blocks. This study holds significance in performing an LCC analysis of the previously unanalyzed photocatalytic pavement blocks while also demonstrating their potential as substitutes for cement pavement blocks.