• Title/Summary/Keyword: long-term cost

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The Determinants of New Supply in the Seoul Office Market and their Dynamic Relationship (서울 오피스 신규 공급 결정요인과 동태적 관계분석)

  • Yang, Hye-Seon;Kang, Chang-Deok
    • Journal of Cadastre & Land InformatiX
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    • v.47 no.2
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    • pp.159-174
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    • 2017
  • The long-term imbalances between supply and demand in office market can weaken urban growth since excessive supply of offices led to office market instability and excessive demand of offices weakens growth of urban industry. Recently, there have been a lot of new large-scale supplies, which increased volatility in Seoul office market. Nevertheless, new supply of Seoul office has not been fully examined. Given this, the focus of this article was on confirming the influences of profitability, replacement cost, and demand on new office supplies in Seoul. In examining those influences, another focus was on their relative influences over time. For these purposes, we analyzed quarterly data of Seoul office market between 2003 and 2015 using a vector error correction model (VECM). As a result, in terms of the influences on the current new supply, the impact of supply before the first quarter was negative, while that of office employment before the first quarter was positive. Also, that of interest rate before the second quarter was positive, while those of cap rate before the first quarter and cap rate before the second quarter were negative. Based on the findings, it is suggested that prediction models on Seoul offices need to be developed considering the influences of profitability, replacement cost, and demand on new office supplies in Seoul.

Analysis of the Relationship between Concrete Slab Track Life and Secondary Compression Characteristics in Soft Clay (점토의 2차 압축특성과 콘크리트궤도 수명과의 상관성 분석)

  • Lee, Sang-Cheol;Cho, Kook-Hwan
    • Journal of the Korean Society for Railway
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    • v.19 no.2
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    • pp.195-203
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    • 2016
  • Concrete slab track was applied to the Gyeoungbu High Speed Railroad step 2 and the Honam High Speed Railroad. Concrete slab track incurs higher construction cost and lower maintenance cost than existing gravel track. For these reasons, the use of concrete slab track has increased in Korea. The biggest problem in the use of concrete slab track is repairing damage from settlement that can occur while trains are in service. High speed railroad design standards require allowable residual settlement of concrete slab track of less than 25mm. In order to satisfy the requirement of long term stability of concrete slab track, it is necessary to manage the secondary compression settlement within the allowable residual settlement. This study is to evaluate the secondary compression settlement with the variation of the secondary compression index, thickness of soft ground, and concrete slab track life. Statistical analysis is performed to determine the probability of distribution of areas where serious problems will be caused after the concrete slab track is constructed.

A Study on Maintenance Cost Model for Establishing a Strategies of Port Facility Maintenance (항만시설 유지관리 전략수립을 위한 비용모델연구)

  • Park, Miyun;Lee, Jeonghun;Park, Sangwoo;Lim, Jonggwon
    • Journal of the Society of Disaster Information
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    • v.16 no.2
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    • pp.276-290
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    • 2020
  • Purpose: The construction history of domestic port facilities has been more than 100 years, and until recently, modern facilities have been continuously built and expanded. However, it is not easy to keep the required performance conditions at the time of initial construction due to changes in the marine environment and increase in volume. In particular, in the case of harbor structures that have a long service life, safety performance and function management are becoming very important due to the increase in the size of ships, the increasing frequency of use, and the increase in the scale of natural disasters. Method: Therefore, this study investigates the state change by structural type of port facilities and analyzes the rehabilitation activities and the history that contribute to the performance improvement and life extension activities. Result: Through this, we distinguished between performance improvement cost (CAPEX) and repair maintenance activity (OPEX) that can be used to establish port facility maintenance strategy, and suggested cost model that can be used to establish maintenance strategy. Conclusion: These studies are expected to contribute greatly to mid- to long-term investment decisions.

Trend analysis of financial balance of Korean medicine clinics during 20years(1987~2007) (20년간(1987년~2007년) 한의원 경영수지의 경향 연구)

  • Kim, Dae-Hun;Lim, Byung-Mook
    • Journal of Society of Preventive Korean Medicine
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    • v.16 no.2
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    • pp.41-52
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    • 2012
  • Objectives : This study aimed to analyze the trend of financial balance of Korean medicine clinics during 20 years, and to provide basic information for adjusting the fee schedule of Korean medicine procedures in national health insurance(NHI). Methods : We collected 6 financial analysis reports for Korean medicine clinics from the Association of Korean Oriental Medicine(AKOM). The data on incomes, costs and EBIT(earning before interests and taxes) of subject clinics were abstracted, and their long-term trends were evaluated. Results : The proportion of insurance income in total income increased from 23% to 56% during 20 years. Among 5 treatment groups, 'non-insurance medication' took up 65~67% of total incomes in 1997, but its proportion decreased to 42.4% in 2007. 'medical procedure, physical therapy and others' increased from 12.4% in 1987 to 29.2% in 2007. The labor cost was major part of total cost and its proportion maintained from 52% to 54%. Cost of 'non-insurance medication' was on the decline from 41% in 1996 to 31.6% in 2007. EBIT were -17.4 million won in 1996, and 18.4 million won in 2007. Conclusions : Financial balance of Korean medicine clinics improved until early 2000, but it became worse in 2007. Though deficits from NHI procedures has been covered up by profit from 'non-insurance medication', health insurance became a major source of income during last two decades.

Cost-Effectiveness Analysis of Low-Impact Development Facilities to Improve Hydrologic Cycle and Water Quality in Urban Watershed (도시유역의 물순환 및 수질 개선을 위한 저영향개발 시설의 비용 효율 분석)

  • Choi, Jeonghyeon;Kim, Kyungmin;Sim, Inkyeong;Lee, Okjeong;Kim, Sangdan
    • Journal of Korean Society on Water Environment
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    • v.36 no.3
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    • pp.206-219
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    • 2020
  • As urbanization and impermeable areas have increased, stormwater and non-point pollutants entering the stream have increased. Additionally, in the case of the old town comprising a combined sewer pipe system, there is a problem of stream water pollution caused by the combined sewer overflow. To resolve this problem, many cities globally are pursuing an environmentally friendly low impact development strategy that can infiltrate, evaporate, and store rainwater. This study analyzed the expected effects and efficiency when the LID facility was installed as a measure to improve hydrologic cycle and water quality in the Oncheon stream in Busan. The EPA-SWMM, previously calibrated for hydrological and water quality parameters, was used, and standard parameters of the LID facilities supported by the EPA-SWMM were set. Benchmarking the green infrastructure plan in New York City, USA, has created various installation scenarios for the LID facilities in the Oncheon stream drainage area. The installation and maintenance cost of the LID facility for scenarios were estimated, and the effect of each LID facility was analyzed through a long-term EPA-SWMM simulation. Among the applied LID facilities, the infiltration trench showed the best effect, and the bio-retention cell and permeable pavement system followed. Conversely, in terms of cost-efficiency, the permeable pavement systems showed the best efficiency, followed by the infiltration trenches and bio-retention cells.

The Study On Customization for Domestic Application of Micro PAVER (Micro PAVER의 국내 적용을 위한 적정화에 대한 연구)

  • An, Deok-Soon;Kwon, Soo-Ahn;Suh, Young-Chan
    • International Journal of Highway Engineering
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    • v.5 no.3 s.17
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    • pp.21-29
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    • 2003
  • The management of existing airfield pavement information has currently become difficult and the maintenance cost has increased over time due to the long-term performance. It is needed to develop the method for effective budget allocation and systematic airfield pavement management services. The objectives of this paper are to introduce Micro PAVER, one of the popular pavement management systems, into our management system and customize Micro PAVER based on our environment and pavement management level. This study focused on the analysis on logics and structures of Micro PAVER and customization of important parts in the program using the existing pavement evaluation data and survey method. Customized items selected in this study included the pavement deterioration prediction models, critical PCI, maintenance cost by PCI, maintenance or rehabilitation method and unit cost, and PCI rank.

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Estimating the Socioeconomic Costs of Child Poverty (아동 빈곤의 사회경제적 비용 추계)

  • Kim, Soo Jung;Chung, Ick-Joong
    • Korean Journal of Social Welfare
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    • v.69 no.3
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    • pp.9-33
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    • 2017
  • This study estimated the socioeconomic costs of child poverty. Based on previous studies, the present study organized component categories for direct and indirect costs of child poverty, and estimated the cost of each category in 2015 through the collection of existing data and Delphi survey techniques among experts. The total socioeconomic costs of child poverty were compared to Korea's GDP. The results of this study were as follows. First, the socioeconomic costs of child poverty in Korea in 2015 ranged from 55 trillion KW(3.5% of GDP) to 99 trillion KW(6.5% of GDP). Second, the indirect socioeconomic costs of child poverty are much higher than the direct costs. Third, among the total cost categories, costs related to productivity loss and unemployment accounted for the largest portion of both the socioeconomic costs based upon absolute poverty and relative poverty. Crime costs are the second largest. Based on these results, we discussed the importance of early intervention for children in poverty; implementation of two-generation program that intervenes simultaneously with parents and children; and long-term, continuous and integrated intervention for high-risk groups such as poor children.

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Practitioners' Awareness of Planning Features for Environment-Friendly Apartment unit (공동주택 단위주거의 친환경 계획요소에 대한 전문가 의식조사)

  • Kwon, O-Jin;Lee, Yeun-Sook
    • KIEAE Journal
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    • v.3 no.3
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    • pp.11-18
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    • 2003
  • The purpose of this study was to find out awareness of the environment-friendly planning elements for residential unit space among practitioners. The respondents in this questionnaire survey were 140 practitioners in architecture and interior design field. The major findings of this study were as follows; most of the respondents were aware of the impact of indoor built environment on residents' wellness. In addition, the survey respondents viewed that the factors for planning environment-friendly high-rise apartments were represented by gardening and energy-saving while their perception on the concept excluded comprehensive components affecting residents' life quality. Over 50% of respondents had an experience of applying environment-friendly planning elements in their works, and high frequency appeared on the general planning elements which had been applied special awareness as pro-environmental features. The respondents considered environment-friendly planning elements as important. Specially, space planning and system were considered more likely important in interior design field. In application of environment-friendly planning elements, cost, lack of consumers' awareness of and underdevelopment of environment-friendly materials were of concern. Therefore, the consumer's cognition needs to be improved for wide application about environment-friendly planning element, and then consumers are willing to pay additional construction cost of environment-friendly apartments. At the same time, the current practice that housing developers pass the additional cost on to residents needs to be changed. Then, the quality of life in high-rise residential settings can be improved. More importantly, the exchange and development of the reliable information on environment-friendly planning elements need to be made, and technical support and long-term policy for the development are required. This research showed current status of knowledge and practice in sustainable planning of unit apartment and proved basic information for future direction.

Optimal Two-Stage Periodic Inspection Policy for Maintaining Storage Reliability (저장신뢰도 유지를 위한 최적 2단계 주기적 검사정책)

  • Cho, Yong-Suk;Lee, Joo-Ho
    • Communications for Statistical Applications and Methods
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    • v.15 no.3
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    • pp.387-402
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    • 2008
  • In this thesis we propose a two-stage periodic inspection model for maintaining the reliability of a system in long-term storage. There are two types of tests available; a fallible test and an error-free test. The system is overhauled at detection of failure or when the storage reliability after inspection becomes less than or equal to the prespecified value. The expected cost per unit time until overhaul is derived and a procedure for minimizing the expected cost is suggested. The two-stage periodic inspection model is compared with the one-stage periodic inspection model for various parameters of the cost function when the failure time follows exponential and Weibull distributions. The proposed model is then applied to an existing missile system for comparison with the current inspection policy.

Ion Exchange Membrane for Desalination by Electrodialysis Process: A Review (전기투석법에 의한 담수화용 이온교환막: 총설)

  • Sarsenbek, Assel;Rajkumar, Patel
    • Membrane Journal
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    • v.32 no.2
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    • pp.91-99
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    • 2022
  • It is a global challenge to fulfill the demand for clean water at an affordable cost to all the strata of the population. Desalination of seawater as well as brackish water by the membrane separation process is a well-established and cost-efficient method. However, there is still inherent problem of membrane fouling, disposal of the reject as well as a capital-intensive process. While electrodialysis (ED) is a membrane-based separation process in which a driving force is the potential difference. The advantages of ED process are excellent efficiency and low operation cost. Ion exchange membrane (IEM) used in the ED process needs to have higher chemical and thermal stability along with excellent mechanical strength for long-term use without losing its efficiency. The ion exchange capacity of the ED membrane is largely dependent on the conductivity of IEMs. In this review, the modification strategy of the pristine membrane to enhance the stability and ion conductivity of cation exchange membrane (CEM) and anion exchange membrane (AEM) is discussed.