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Financial Performance Assessment of Flat Buildings Using Life Cycle Cost and Cost–Benefit Analysis Griselda Junianda Velantika; Reguel Mikhail; Karina Meilawati Eka Putri; Elok Dewi Widowati; Rizqi Alghiffary; Muhamad Fauzan Akbari
Advance Sustainable Science Engineering and Technology Vol. 7 No. 1 (2025): November-January
Publisher : Science and Technology Research Centre Universitas PGRI Semarang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.26877/asset.v7i1.1005

Abstract

Buildings resulting from construction projects are durable assets and decisions related to construction projects have enduring impacts. In many cases, building owners prioritize only the initial costs, such as building design, construction, and equipment costs, while neglecting the future operation and maintenance costs. This research studies life cycle costing (LCC) analysis to evaluate the financial feasibility of urban housing. The LCC calculates all the costs incurred and benefits during the building's operation. The cost is generated from construction, operational, and maintenance costs. At the same time, the benefit breaks down into flat rental costs, retail rental costs, and parking costs. The costs incurred are estimated over 25 years, and the parameters of feasibility are net Present Value (NPV), Benefit-Cost Ratio (BCR), and Internal Rate of Return (IRR). The study generates negative NPV, BCR < 1, and 0.61% of IRR. It indicates that the project is not feasible. This research gives alternatives to make the project feasible. This study employed a trial-and-error approach to ascertain the viability of investing in flat rentals by systematically adjusting rental rates. Incremental adjustments to rental rates are tested by a series of rate hikes of 50%, 100%, 150%, and 200% using a trial-and-error approach. The project will become feasible if the flat rate increases to 150-200% of the initial rental rate.
Design of Semujur Bridge with Diagonal Steel Box Arch Bridge Rizqi Alghiffary; Griselda Junianda Velantika; Karina Melawati Eka Putri; Elok Dewi Widowati; Muhamad Fauzan Akbari
International Journal of Engineering, Science and Information Technology Vol 5, No 3 (2025)
Publisher : Malikussaleh University, Aceh, Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.52088/ijesty.v5i3.900

Abstract

Transportation is an integral part of social life. One of the structures that can support transportation is the bridge. The construction of the Semujur Bridge will be planned to meet and support transportation needs. This bridge is expected to be a new connecting bridge to cut travel time in Pangkal Pinang City. Semujur Bridge, with a width of 20 meters and a total length of 100 meters, is planned to use a steel arch bridge because the arch bridge can reduce the bending moment on the bridge. The bridge uses a box girder cross section because the arch bridge with a steel box cross-section is considered more economical and has higher flexural strength and torsional stiffness. Semujur Bridge will also have a diagonal arch. With the new construction design, it is expected to be a structurally strong bridge, both against earthquake loads and bridge dynamic loads. As a result, in this study, it was found that the longitudinal girder WF 600x300x14x23, transverse girder GIRDER 1500x400x30x30, tie beam BOX GIRDER2500x2000x40x40, and Macalloy 520 (M100) hanging cable with a diameter of 97 mm.