• Title/Summary/Keyword: residential development project

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Financial Analysis Model Development by Applying Optimization Method in Residential Officetel (최적화 기법을 활용한 주거용 오피스텔 수지분석 모델 개발)

  • Jang, Jun-Ho;Ha, Sun-Geun;Son, Ki-Young;Son, Seung-Hyun
    • Journal of the Korea Institute of Building Construction
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    • v.19 no.1
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    • pp.67-76
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    • 2019
  • The domestic construction industry is changing according to its preference for demand and supply along with urbanization and economic development. Accordingly, initial risk assessments is more important than before. In particular, demand for lease-based investment products such as commercial and office buildings has surged as a substitute for financial products due to low interest rates of banks. Therefore, the objective is to suggest a basic study on financial analysis model development by applying optimization method in residential officetel. To achieve the objective, first, the previous studies are investigated. Second, the causal loop diagram is structured based on the collected data. Third, the system dynamics method is used to develop cost-income simulation and optimization model sequentially. Finally, the developed model was verifed through analyzing a case project. In the future, the proposed model can be helpful whether or not conduct execution of an officetel development project to the decision makers.

Mistakes Made, Lessons Learned: The Eulsukdo Wetland Restoration Program

  • Lineman, Maurice J.M.;Do, Yuno;Kim, Ji-Yoon;Joo, Gea-Jae
    • Journal of Environmental Science International
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    • v.23 no.8
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    • pp.1523-1536
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    • 2014
  • Restoration is the process of reducing or reversing damage to an ecosystem so that it can function in its original manner. However, many restoration programs do not achieve this. In the Nakdong Estuary, the largest migratory nesting site in the center of the East Asian-Australasian flyway, an estuarine barrage was constructed in the 1980s that required site restoration following its completion in 1987 and the expansion of several large industrial complexes(Noksan and Jangrim) and a residential development(Myeongji). The goal of the restoration was to restore the function of the wetland to its pre-disturbance state. To achieve this, a restoration program was designed consisting of three stages. The first stage(1993-1995), saw the construction of three artificial wetlands(Shinhori, Daemadeung, and Eulsuk), the second(2003-2005) involved the dredging and returning of farmed lands to their natural state, and the third(2008-2012) focused on the rehabilitation and vegetation development of the wetlands. However, the project has not achieved all of the desired goals, and it is an example of the lapses in ecological restoration following anthropogenic disturbance. Issues that resulted in an incomplete restoration included the timing of the stages, noncompliance with the restoration plan, not directly monitoring the restoration or continuing the monitoring following completion of the development project, and the political subversion of the restoration plan. For the success of the restoration plan, it is necessary to avoid mistakes such as inconsistent monitoring, unequal levels of stakeholder involvement, and political interference.

Development and implementation of project teaching-learning plan for 'residential space utilization' of home economics for creativity and character education (창의.인성 교육을 위한 가정과 프로젝트 교수.학습안 개발 및 효과 - '주거 공간 활용' 단원을 중심으로-)

  • Choi, Kyoungsoo;Cho, Jeasoon
    • Journal of Korean Home Economics Education Association
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    • v.25 no.2
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    • pp.1-19
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    • 2013
  • The purpose of this study was to develope and implement a project teaching learning process plan in order to improve a creativity and character for 'residential space utilization' section of Technology Home Economics in middle school. The teaching learning process plan consisting of 15-session lessons had been developed and implemented according to the ADDIE model mixed with 6 project learning steps. In the development stage, 8 activity materials(7 individual and 1 group activity sheets) and 7 teaching learning materials(2 sets of pictures & photos, 4 moving pictures and 1 space plan resources book) were developed for the 15-session lessons. The plans applied to 5 classes 163 students in the second grade of G middle school in Gwangju during Oct. 17th to 18th of Nov. 2011. The results from the survey and portfolio showed that the 15-session lessons had overall achieved the general goal of the project teaching learning process plan to improve a creativity and character. Students were stimulated by individual and group activities with creativity and character elements in the class. The students evaluated the whole process of 15 lessons were interesting and helpful to improve creativity and consideration and cooperation of aspect of character. The individual and group results of the portfolio were excellently and creatively done with the average of nearly 85% points. The researcher also found the improving process of students in the whole classes. This plan might apply to other parts of housing as well as various other areas of home economics.

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EBS for BIM based maintenance management of Thermal Power Plant (BIM기반 화력발전시설 유지관리를 위한 EBS(Elements Breakdown Structure)개발)

  • Kim, Chang-Soo;Cha, Sang-Hoon;Ji, Soung-Min
    • Proceedings of the Korean Institute of Building Construction Conference
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    • 2015.11a
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    • pp.81-82
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    • 2015
  • BIM has been a reliable construction project management tool to handle various kinds of construction information generated in the facility life cycle. To take these advantages, researchers have been promoted numerous studies in a residential, a commercial, and an educational facilities with a large number of on-going projects. However, despite running as the role of essential energy supplier, power plant related BIM research is relatively insufficient than others. In particular, due to the extending of the facility service period and the requirement of the complicated construction project management for 'overhaul' and 'repowering' in the power plant maintenance phase, the needs for using BIM have been increased gradually. For using BIM based maintenance, it is needed to consider an information collecting methods and necessary to develop an appropriate breakdown structure to share information. Therefore, 'EBS' is produced by reviewing the previous research related to BIM and analyzing the repair activities in the maintenance phase. Proposed 'EBS' must be useful not only a judgment between capital expenditure versus revenue expenditure but also appropriate maintenance strategies development for property management.

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The Investigation on Application of Construction Waste Unit to Establish Resource Recycling System through Case Study (건설폐기물 자원순환체계 구축을 위한 발생원단위 적용에 관한 연구)

  • Son, Byeung Hun;Hong, Won Hwa
    • KIEAE Journal
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    • v.10 no.5
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    • pp.181-186
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    • 2010
  • Research on construction waste unit was in progress in the 1995 when 'Proper Disposal and Recycling Measures for Construction Waste' was made by the Seoul Development Institute. Such an effort has been made in order to cope with the lack of natural resources in Korea and to utilize the reusable resources. Furthermore, these efforts have also increased due to the improved standing of Korea in the international community. A large number of residential buildings were built in the response to the government's policy by increasing the supply of houses between the 1970's and 1980's. In 2000, more reconstruction and redevelopment was done because of the aged buildings and change of use for those buildings. And the project has been actively promoted until now, which caused a sharp increase in the generation volume of construction waste. In Korea, 8 kinds of construction waste unit, including the standard construction manpower and materials estimation, are introduced. Currently, they provide standards to different building categories and waste properties while for construction sites different standards are applied. This study aims to measure the actual amount of construction waste after sample buildings are dismantled and analyzes the estimation of the waste quantity by using various standard units. Through comparison, this study will figure out the differences among the standard units in order to find out how to apply the standard units properly. Moreover, this research will provide practical measures to apply such units to construction sites.

Applying Unit Modular In-Fill Construction Method for High-Rise Buildings

  • Moon, Sangdeok;Kim, Junyoung;Lee, Jaesung;Ock, Jongho
    • International conference on construction engineering and project management
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    • 2015.10a
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    • pp.132-137
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    • 2015
  • A modular construction method includes factory-prefabricated room-sized volumetric units. Although low-rise buildings have been constructed worldwide using this method for more than 30 years, it is a relatively new technology in high-rise construction. There are three basic methods of constructing high-rise buildings using modular construction: the core method, the core-and-podium combination method, and the modular in-fill method. While the first two have been used in the USA and in several European countries, the third method, introduced in 2011 by an international cruise ship development firm, is a rather new approach for which there are few case histories. Therefore, its applicability and construction feasibility should be verified. As a pilot study to test the applicability of the modular in-fill method, a 12-story residential building was built in Korea. This paper describes a case study of the pilot project. The advantages and disadvantages of the method and its applicability in terms of cost effectiveness and construction schedule management were evaluated.

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A Study on the Berlin Waterfront Development for Urban Regeneration -Focused on the case of Wasserstadt Berlin-Oberhavel, Berlin, Germany-

  • Park, Jong-Ki
    • KIEAE Journal
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    • v.17 no.3
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    • pp.23-34
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    • 2017
  • Purpose: The purpose of this study is to explore the relationship between suburban waterfront und urban regeneration strategies. Specifically, This paper investigates how urban design strategies for suburban waterfront has been conceptualized and realized in a case-based research study of the regeneration of suburban waterfront in Berlin, Germany. Since Germany's reunification, Berlin was faced a wide variety of challenges and has been transformed into a new capital city. First of all, Wasserstadt Berlin-Oberhavel was a key development task for the urban regeneration in Berlin. The Wasserstadt Berlin-Oberhavel project with over 207 hectares will provide new residential urban areas, office spaces, educational facilities and cultural facilities. In details, 3,640 apartments with 12,700 units and around 4,800 jobs will be created. Method: The study consists of five sections. The first and second section are divided into two stages:"waterfront definition in urban design" and "urban design strategy in waterfront". The third section explores the waterfront development process of Wasserstadt Berlin-Oberhavel. The fourth section aims to investigate the strategies for urban regeneration as well as waterfront development. Finally, the fifth provides some of the key policy challenges for Urban Regeneration in suburban waterfront area. Result: The results showed that urban regeneration strategies in suburban waterfront have a substantial impact on all two dimensions: relationship between waterfront and urban context, relationship between waterfront and natural environment.

Performance and Development Process of the Phase 1 Project in the Gwangyang Free Economic Zone (GFEZ), Korea: 2004-2010 (광양만권경제자유구역(GFEZ) 제1단계 사업의 개발과정과 성과분석: 2004-2010)

  • Lee, Jeong-Rock;Kim, Seung-Gon
    • Journal of the Korean Geographical Society
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    • v.49 no.1
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    • pp.91-105
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    • 2014
  • The objective of this study is to analyze the project performance and development process of the phase 1 project of GFEZ from 2004 to 2010. The phase 1 project from 2004 to 2010 is consist of eleven project zones. Among these zones, eight zones are currently underway and three zones have been completed. The performance of the phase 1 projects is no so much because it were stated later than planning with the difficulty of business developers selection. The major performances are development and supply of industrial & residential land, construction of road and railway, investment promotion of 102 companies, and creation of 20,971 new jobs. Most of the direct invested companies were located at Gwangyang and Yulchon Districts, and were mainly logistics and related service, iron and steel, machinery, shipbuilding, and fine chemicals. The main problems, however, are the limit of promotion of high-tech industries and large firms, low FDI reported rate, difficulty of superior business developers, delayed business progress of Hadong district. Therefore, efforts to solve these problems are required for the success of GFEZ.

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A Study on the Verification of Sales Price Factors in Residential Building Development by Using Correlation Analysis (상관분석을 통한 공동주택 개발사업의 분양가 산정 요인 도출연구)

  • Son, Seunghyun;Lee, Jaehyeon;Son, Kiyoung
    • Korean Journal of Construction Engineering and Management
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    • v.25 no.4
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    • pp.45-52
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    • 2024
  • Estimating the sales price of a residential building development project is difficult because of it has many complex variables such as location, environment, and economic conditions. Many previous studies related to influence factors of the sales price is to identify by survey of experts and it is few studies by comparing with actual sales price. Accordingly, the purpose of this study is to identify the factors influenced on the projects by using correlation analysis from collected actual data in this study. For the purpose, first, the factors such as economy, location, housing, financial environmental factors were identified from previous studies. Second, data were collected on actual sale prices and selected factors. Finally, the actual sales price and factors were compared and analyzed by using correlation analysis. As a result, the R2 values of economy, location, housing and financial environmental factors were over 0.5 respectively. Therefore, it was confirmed that these factors were significantly correlated with actual sales price. The results of this study are expected to be utilized as basic data for research and development of a new sale prices prediction model.

Feasibility Model Development by Applying System Dynamics Method in Residential Officetel (시스템다이내믹스를 활용한 오피스텔 사업타당성 분석 모델 개발)

  • Jang, Jun-Ho;Ha, Sun-Geun;Kim, Kyeong-Ryoung;Son, Ki-Young;Son, Seung-Hyun;Lee, Taick-Oun
    • Journal of the Korea Institute of Building Construction
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    • v.18 no.3
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    • pp.285-294
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    • 2018
  • Due to the low interest rates of banks according to the breakdown economy after the global financial crisis in 2008 As a substitute for financial products, the investment demand has been increased for rentable investment funds such as commercial building and officetel. However, the problems such as oversupply, decrease of a rental profit and negative perception of development projects have been occurred. One of the primary problems is the existing deterministic method of project feasibility analysis. Therefore, the objective of this study is to develop feasibility model by applying system dynamics method in residential officetel. To achieve the objective, first, the previous studies are investigated. Second, the causal loop diagram is structured based on the collected data. Third, the feasibility model is developed through the causal loop diagram. Fourth, the effectiveness is validated and compared to collected actual data. The proposed model can be helpful whether or not conduct execution of an officetel development project to the decision makers.