• Title/Summary/Keyword: long-term cost

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The use of cost-benefit analysis in performance-based earthquake engineering of steel structures

  • Ravanshadnia, Hamidreza;Shakib, Hamzeh;Ansari, Mokhtar;Safiey, Amir
    • Earthquakes and Structures
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    • v.22 no.6
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    • pp.561-570
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    • 2022
  • It is of great importance to be able to evaluate different structural systems not only based on their seismic performance but also considering their lifetime service costs. Many structural systems exist that can meet the engineering requirements for different performance levels; therefore, these systems shall be selected based on their economic costs over time. In this paper, two structural systems, including special steel moment-resisting and the ordinary concentric braced frames, are considered, which are designed to meet the three performance levels: Immediate Occupancy (IO), Life Safety (LS), Collapse Prevention (CP). The seismic behavior of these two systems is studied under three strong ground motions (i.e., Tabas, Bam, Kajour earthquake records) using the Perform3D package, and the incurred damages to the studied systems are examined at two hazard levels. Economic analyses were performed to determine the most economical structural system to meet the specified performance level requirements, considering the initial cost and costs associated with damages of an earthquake that occurred during their lifetime. In essence, the economic lifetime study results show that the special moment-resisting frames at IO and LS performance levels are at least 20% more economical than braced frames. The result of the study for these building systems with different heights designed for different performance levels also shows it is more economical from the perspective of long-term ownership of the property to design for higher performance levels even though the initial construction cost is higher.

Estimation of Construction Equipment Production Rates: Focus on Efficiency Rate (건설기계 시공능력 산정에 관한 연구 : 작업효율 중심으로)

  • Park, Hee-Sung;Han, Ye Lyeong;Huh, Youngki;Ahn, Bang Ryul
    • KSCE Journal of Civil and Environmental Engineering Research
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    • v.28 no.1D
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    • pp.67-72
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    • 2008
  • Heavy equipment is a very important factor for successful construction implementation. Also, the cost for heavy equipment is a major part of construction cost. Therefore, the estimation of equipment cost is a critical job in the construction planning phase. A formula for production rates shown in 'Standard Unit Labor' has been used to estimate construction equipment capability per hour and cost. Although the performance of equipment has been improved, the efficiency rates in the formula are not updated lately. Therefore, this research performed several site visits to measure construction equipment working time and then calculates the efficiency rates for hydraulic backhoe, loader, and dump truck. The results show that the measured efficiencies of backhoe and loader are higher than current ones and vice versa for dump truck. This research proposes the needs for a standardized calculation formula and systematic and long-term data collection and measurement for updating efficiency rates for heavy equipment.

MODELING ACCURATE INTEREST IN CASH FLOWS OF CONSTRUCTION PROJECTS TOWARD IMPROVED FORECASTING OF COST OF CAPITAL

  • Gunnar Lucko;Richard C. Thompson, Jr.
    • International conference on construction engineering and project management
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    • 2013.01a
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    • pp.467-474
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    • 2013
  • Construction contactors must continuously seek to improve their cash flows, which reside at the heart of their financial success. They require careful planning, analysis, and optimization to avoid the risk of bankruptcy, remain profitable, and secure long-term growth. Sources of cash include bank loans and retained earnings, which are conceptually similar in that they both incur a cost of capital. Financial management therefore requires accurate yet customizable modeling capabilities that can quantify all expenses, including said cost of capital. However, currently existing cash flow models in construction engineering and management have strongly simplified the manner in which interest is assessed, which may even lead to overstating it at a disadvantage to contractors. The variable nature of cash balances, especially in the early phases of construction projects, contribute to this challenging issue. This research therefore extends a new cash flow model with an accurate interest calculation. It utilizes singularity functions, so called because of their ability to flexibly model changes across any number of different ranges. The interest function is continuous for activity costs of any duration and allows the realistic case that activities may begin between integer time periods, which are often calendar months. Such fractional interest calculation has hitherto been lacking from the literature. It also provides insights into the self-referential behavior of compound interest for variable cash balances. The contribution of this study is twofold; augmenting the corpus of financial analysis theory with a new interest formula, whose strengths include its generic nature and that it can be evaluated at any fractional value of time, and providing construction managers with a tool to help improve and fine-tune the financial performance of their projects.

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A Study about creating jobs suitable for the ubiquitous age - The center of the real estate industry - (유비쿼터스 시대에 맞는 일자리창출에 관한 연구 - 부동산산업 중심으로 -)

  • Kim, Hyeong-Geun;Kim, Boo-Sung
    • The Journal of the Korea institute of electronic communication sciences
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    • v.8 no.3
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    • pp.499-503
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    • 2013
  • In the real estate industry, job creation is dominated by SOC financial investment expansion. Financial investment like SOC can induce employment only if is executed as cost of equipment by setting the budget as a long-term project. In this study, a hypothesis was set regarding how the real estate industry affects job creation, and makes suggestions based on analysis of relational structure among variables through the research model.

Combined Effect of Fly Ash and Granulated Blast Furnace Slag on Durability Performance (플라이 애시와 고로슬래그 미분말의 복합사용한 콘크리트의 내구성능 향상 효과)

  • 이창수;설진성;윤인석;박종혁
    • Proceedings of the Korea Concrete Institute Conference
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    • 2002.10a
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    • pp.23-26
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    • 2002
  • Ternary blended concrete containing both fly ash and granulated blast furnace slag is initial cost effective, and environment friendly. Furthermore, it has many technical advantages such as improvement of long term compressive strength, rheology property, reduction of hydration heat, etc. However, use and data on the performance of ternary blended concrete are limited, and it is necessary to study on the adoption of this technology. This study examined the durability performance of ternary blended concrete comparing with binary blended concrete and ordinary portland concrete. From the results of this study, it was concluded that ternary blended concrete is very suitable to submerged zone under maine environment.

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The Power Conversion System of a Sterilizer Processing for the Long Term Storage of Flours (밀가루 장기보관을 위한 살균처리 전력변환시스템)

  • 강욱중;정상화;고강훈;서기영;이현우
    • Journal of the Korean Institute of Illuminating and Electrical Installation Engineers
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    • v.15 no.6
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    • pp.27-34
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    • 2001
  • There are several electricity applied sterilizers such as using high frequency, ozone, high voltage, and so on. Those sterilizers feature "because of no chemical process and no secondly environmental pollution". At the power conversion part, ZVS and ZCS methods have been used that it results in reduced switching loss, miniaturized size, and lightened weight. Besides, the current in the propose device is smaller than that of existing method. Thus, it is expected that the cost of sterilization process, when quality of the device is measured by power consumption, will be reduce. Therefore, the purpose of this research is to solve the sterilization problems of existing powder with high voltage and field to and more economical and effective way, and to suggest mere improved sterilizer.

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Plan to Improve Business in Hotel's Restaurant by Promotional Menu of Circumstance Factor (호텔 레스토랑 프로모션 메뉴의 환경요인이 영업활성화 전략에 미치는 영향)

  • Jun, Hwa-Jin;Bae, In-Ho
    • Culinary science and hospitality research
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    • v.13 no.1 s.32
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    • pp.192-203
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    • 2007
  • The purpose of this study is to figure out the plans to improve business in Hotel French restaurants. This study conducts documentary study and empirical study. To achieve the purpose, a survey was conducted by 172 staffs of Hotel French restaurants in Seoul. The result of this research is as follows. Hotel restaurant operators recognize the importance of promotion and development of new sales goods. But they haven't done long-term marketing directions focusing on cost-saving and ephemeral sales promotion effects. Hotel restaurants should establish public information strategies uniformly and look for the plans that offer customers adequate information. Also, they should make a differentiation strategy within the same industry, can always give recency to customers, and enhance the event-connecting promotion menu and business activation.

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Analysis of Slope Behavior Using TDR Sensor (TDR센서를 이용한 사면거동 해석)

  • Park, Min-Cheol;Lee, Jae-Ho;Han, Heui-Soo
    • Proceedings of the Korean Geotechical Society Conference
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    • 2010.09a
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    • pp.79-86
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    • 2010
  • In this paper, using soil slope inclinometer observations of lateral flow is used as a traditional way, but there are some decisions. Inclinometers in the process of installing and monitoring is costly. Severe incline slope of the lateral flow is observed in the inefficient. As a solution for it using TDR sensors are used to. Metal conductors such as coaxial cable and general cable uses a measurement sensor can be installed on site at a lower cost and slope measurements are available for long-term monitoring. When TDR sensor is installed on the slopes, changes in the behavior of slopes causes the earth pressure. TDR sensors determine the change of earth pressure and tried to analyze the behavior of slopes.

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국제 표준 LTE-Advanced에서 논의되고 있는 Heterogeneous Network 관련 Interference Management 기술

  • Yang, Jeong-Ryeol;Jin, Mi-Seong;Kim, Dong-In
    • Information and Communications Magazine
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    • v.28 no.8
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    • pp.10-17
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    • 2011
  • 3GPP($3^{rd}$ Generation Partnership project)는 3세대 이동통신인 UMTS(Universal Mobile Telecommunication System)의 초기 표준화 이후 HSPA(High Speed Packet Access), MBMS(Multimedia Broadcast Multicast Service) 등의 기술 개발로 UMTS시스템을 지속적으로 발전시켜 왔다. 그리고, 최근 새로운 무선 접속 기술을 기반한 LTE(Long Term Evolution)시스템에 대한 표준화를 완료하고 ITU-T(International Telecommnunications Union-Radio)의 IMT-Advanced 요구사항을 만족하는 LTE-Advanced 시스템에 대한 연구를 진행하고 있다. 한편 LTE-Advanced 표준의 목표인 무선 전송속도를 한층 더 높이고, 단위비용(cost per bit)을 더욱 낮추고, 셀 커버리지 및 용량을 확대하기 한 저출력의 피코셀, 펨토셀, 무선중계기들을 이용하여 실내외의 소규모 영역을 서비스하도록 하는 heterogeneous network에 대한 국제 표준이 활발히 논의되고 있다. 그러나 여러 셀이 혼재하는 경우 셀들간의 신호 간섭이 발생하여 사용자의 통신 품질이 크게 저하될 우려가 있다. 본 고에서는 heterogeneous network 와 관련하여 국제 표준 LTE-Advanced에서 논의되고 있는 간섭 제어 기법에 대해 소개한다.

Technology Investigation of Polymer Insulator (Polymer Insulator의 개발 동향)

  • Kang, D.P.;Yoon, M.S.
    • Proceedings of the KIEE Conference
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    • 1992.07b
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    • pp.891-893
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    • 1992
  • Polymers have good electrical properties as an insulation material. Though they show more and less poor resistance to heat, radiation, and oxygen, the poor properties have been overcame by developing new resin with the saturated molecular structure and compounding resin with resistive fillers. Polymer insulators have many advantages; light weight, good mechanical properties, better contaimination performance, low cost by mass productivity, no destruction in many pieces, good flexibility in design, short manufacturing time. Usage of polymer insulators has increased rapidly with good credit on long term properties in advanced nations and will continue to grow.

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