• 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.

• 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.

• Steel and Composite Structures
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• v.27 no.5
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• pp.633-646
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• 2018

This study investigated the seismic performance of a hybrid damper composed of a steel slit plate and friction pads, and an optimum retrofit scheme was developed based on life cycle cost. A sample hybrid damper was tested under cyclic loading to confirm its validity as a damping device and to construct its nonlinear analysis model. The effectiveness of the optimum damper distribution schemes was investigated by comparing the seismic fragility and the life cycle costs of the model structure before and after the retrofit. The test results showed that the damper behaved stably throughout the loading history. Numerical analysis results showed that the slit-friction hybrid dampers optimally distributed based on life cycle cost proved to be effective in minimizing the failure probability and the repair cost after earthquakes.

• Composites Research
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• v.19 no.5
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• pp.34-39
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• 2006

The mechanical properties and durabilities of fiber advanced composites make them ideal for widespread applications in construction worldwide. However, one of the problems of fiber reinforced advanced composites has expensive initial costs. So the efforts for lowering the initial cost have to be needed. There has been hardly assessment results of life cycle cost for fiber reinforced advanced composites in construction field, but some papers showed that total life cycle cost could be profitable, if the initial cost could be reduced. The purpose of this paper is to report assessment results of LCC(Life Cycle Cost) for application of FRP(Fiber Reinforced Plastic) in construction field.

• Journal of Korean Society of Steel Construction
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• v.17 no.2 s.75
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• pp.115-130
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• 2005

This paper presents the effects of indirect costs on Life-Cycle-Cost(LCC) effective optimum design of steel-box girder bridges. The LCC formulations considered in the LCC optimization of the bridges consist of initial cost and expected rehabilitation costs including repair/replacement costs, loss of contents or fatality and injury losses, and indirect costs such as road user costs and indirect socio-economic losses. To demonstrate the LCC-effectiveness for optimum design of the bridges, an actual steel box girder bridge having two continuous spans(2@50m=100m) is considered as a numerical example. And also, in this paper, various sensitivity analyses are performed to investigate the effects of indirect costs caused by traffic conditions such as number of detour route, number of lane on detour route, length of detour route, and traffic volumes on the LCC-effective optimum design. From the numerical investigations, it may be concluded that indirect costs caused by traffic network may sensitively influence on the LCC-effective optimum design of steel-box girder bridges. Therefore, it may be stated that the traffic conditions should be considered as one of the important items in the LCC-effective optimum design of the bridges.

• Proceedings of the Korea Concrete Institute Conference
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• 2004.05a
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• pp.720-723
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• 2004

This study is intended to propose a systematic approach for determining optimum Life-Cycle Cost (LCC)-effective seismic design for continuous PSC bridges considering lifetime expected seismic risks. In the paper, a set of cost function for LCC analysis of bridges is proposed. The total LCC functions consist of initial cost and direct/indirect damage costs considering repair/replacement costs, human losses and property damage costs, road user costs, and indirect socio-economic losses. The damage costs are expressed in terms of Park-Ang median global damage indices (Park and Ang, 1985) and lifetime damage probabilities. The proposed approach is applied to model bridges of both moderate seismicity regions like Korea and high seismicity regions like Japan. Since, in case of bridges, a number of parameters may have an influence on optimal target reliability, various sensitivity analyses are performed in this study. It may be expected that the proposed approach can be effectively utilized for the development of cost-effective performance criteria for design and upgrading of various types of bridges as well as continuous PC bridges.

• Journal of the Korea Academia-Industrial cooperation Society
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• v.22 no.2
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• pp.802-809
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• 2021

To cope with the increasing maintenance costs due to aging, the maintenance cost was evaluated from the perspective of asset management. The maintenance cost can be predicted based on the condition of the bridge, and the life cycle cost is used as an index. In general, the condition of a bridge has a wide distribution characteristic depending on the deterioration, load, and material characteristics. In this paper, to evaluate the effect of the bridge conditions on the life cycle cost, condition prediction models were constructed considering the service life, deterioration rate, and inspection error, which are the main variables of the bridge condition and life cycle cost calculation. In addition, condition prediction models were constructed based on the distribution of the health index to estimate the upper and lower bounds of the life cycle costs that can occur in individual bridges. Life cycle cost analysis showed that the life cycle cost differed significantly according to the condition of the bridge. Accordingly, research will be needed to increase the reliability of predicting the life cycle cost of individual bridges.

• IE interfaces
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• v.6 no.2
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• pp.37-51
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• 1993

This paper studies the economic replacement method for production facilities which requires huge investment but are necessary for higher productivity and competability of products. That is, the general models for the decision of economic life of properties which minimizes the total costs throughout the usage life(Life cycle costs) are generated. Main factors which make influences for the decision of econmic life can be divided by three. These are the change of salvage value, repair and maintenance costs, and availability of production facilities with the passage of usage time. In this paper, the real world data for these three factors are collected and analyzed for the extraction of representative standard forms with the passage of time. And general models for economic replacement methods and optimal usage terms are presented through tables with the combination of the standard forms of these three main factors.

• Korean Journal of Construction Engineering and Management
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• v.1 no.1 s.1
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• pp.80-86
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• 2000

The future costs of energy and the cost of the repair of apartment buildings are expected to rise continuously in proportion to the initial costs. Therefore it has become important for these increasing costs to be incorporated and reflected in the design of the building. Systems such as structure and services for the buildings remain constant, but a number of the walls and windows can vary and thus have a major influence on the total construction and running costs of a building. The critical factor in the apartment unit design for the optimization of life cycle cost (LCC) is the ratio of the x and y axis of the walls in the unit plan. This paper demonstrates how to achieve the optimal size and thus optimize the LCC of the building.

• Journal of the Architectural Institute of Korea Planning & Design
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• v.34 no.3
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• pp.23-34
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• 2018

Due to a waste of energy in korea, about 525,000 which are 75 percent of total buildings are at least 15 years old buildings that need remodeling. There are two current remodeling systems. One is a remodeling system to reduce a waste of resources from the reconstruction. The other is a green-remodeling system aimed to energy savings and reducing environmental costs. This study is to analyze quantitatively these current systems with respect to the cost-benefit caused by the life cycle and suggests the political and institutional implications through the interpretation of the results. For a quantitative analysis, we analyzed reducing maintenance costs and rent benefits with simulation by using opportunity costs, construction costs, plan costs and supervision costs as expense variables and using the reduced floor area ratio, institutional incentives, energy, water resources and certified emission reduction(CER) as benefit variables. As a result of the empirical study, the green-modeling was more beneficial in the field of environment such as the energy savings, however, the final benefits of remodeling which has no green building certification costs but more floor area ratio incentives were more economical. The green-remodeling system focused on reducing environmental costs and energy savings needs a equatable institutional incentive system.