| Title |
A Case Study on the Risk Impact and Loss Cost of Temporary Aircraft Runway Construction |
| Authors |
Kang, Hyunwook ; Lee, Wonbae ; Kim, Minjung ; Kim, Yongsu |
| DOI |
http://dx.doi.org/10.6106/KJCEM.2020.21.1.034 |
| Keywords |
Aircraft Runway Construction Project;Actual Construction Data;Risk;Loss Cost;Case Study |
| Abstract |
The purpose of this study is to derive the risk factors that occurred during the construction of the temporary aircraft runway and to analyse the risk costs and loss costs. For this purpose, actual construction data made during the construction of the aircraft runway were investigated. And the risk factors that occurred during the construction work were derived. So the increased construction costs and loss costs due to risk factors were analyzed. The results of this study are as follows: 1)The number of risk factors that occurred during the construction of the aircraft runway was derived from eight. 2)It was calculated that the total risk cost of 5.2million won, the risk cost of the owner’s should be 243 million won and the cost of the contractor should be 277million won. 3)Owner’s was up 2.36% from its planned budget and the contractor lost ?277million won out of its planned profit of 443million won, resulting in a residual profit of 165million won. The results of the study are used as a reference for estimating risk factors and contingency that should be considered in aircraft runway construction. |