Author(s)

Na Guo ¹, Yu Sun ¹

Affiliation(s)

¹ CIGIS (China) Limited, Beijing, 100007, China

Corresponding Author

Yu Sun

ABSTRACT

In geotechnical engineering projects, life cycle cost control is the core of improving project economic benefits and sustainability. This paper constructs an optimized life cycle cost (LCC) analysis model, clarifies the key factors affecting project costs, including geological conditions, construction technology, material costs, and labor costs, and combines dynamic programming and optimal control theory to dynamically optimize project costs and build a cost control framework for the entire life cycle. The study proposes a systematic cost control strategy throughout the four stages of design, construction, operation and termination, including specific measures for each stage, while effectively dealing with uncertainties by introducing risk management methods. Through case studies and empirical analysis, key indicators such as resource allocation efficiency, benefits and returns, and initial investment costs of 10 typical geotechnical engineering projects before and after optimization are compared. The results show that the optimization measures significantly improved the resource allocation efficiency and investment return rate of the projects, with the average resource allocation efficiency increased by 39.6% and the comprehensive income and return indicators increased by about 19.81%. The initial investment costs generally decreased, with the cost of Project 1 dropping from 8 million yuan to 7.2 million yuan, and the cost of Project 3 dropping by 8.57%. Research shows that the implementation of the life cycle cost control model effectively improves the economic benefits of geotechnical engineering projects and has strong application prospects and promotion value. 

KEYWORDS

Life Cycle Cost, Cost Control Strategy, Geotechnical Engineering, Project Management

CITE THIS PAPER

Na Guo, Yu Sun, The Cost Control Strategy of Geotechnical Engineering Project throughout Its Life Cycle. Accounting and Corporate Management (2025) Vol. 7: 1-8. DOI: http://dx.doi.org/10.23977/acccm.2025.070101.

REFERENCES

[1] Lu K, Deng X, Jiang X, et al. A review on life cycle cost analysis of buildings based on building information modeling[J]. Journal of Civil Engineering and Management, 2023, 29(3): 268–288.
[2] Riekstins A, Haritonovs V, Straupe V. Life cycle cost analysis and life cycle assessment for road pavement materials and reconstruction technologies[J]. The Baltic Journal of Road and Bridge Engineering, 2020, 15(5): 118-135.
[3] Miraj P, Berawi M A, Utami S R. Economic feasibility of green office building: combining life cycle cost analysis and cost–benefit evaluation[J]. Building Research & Information, 2021, 49(6): 624-638.
[4] Messore M M, Capacci L, Biondini F. Life-cycle cost-based risk assessment of aging bridge networks[J]. Structure and Infrastructure Engineering, 2020, 17(4): 515-533.
[5] Lee J, Yang H, Lim J, et al. BIM-based preliminary estimation method considering the life cycle cost for decision-making in the early design phase[J]. Journal of Asian Architecture and Building Engineering, 2020, 19(4): 384-399.
[6] Wang S, Sadhukhan J, Xuan J, et al. Life cycle assessment and life cycle cost of sludge dewatering, conditioned with Fe2+/H2O2, Fe2+/Ca (ClO) 2, Fe2+/Na2S2O8, and Fe3+/CaO based on pilot-scale study data[J]. ACS sustainable chemistry & engineering, 2023, 11(20): 7798-7808.
[7] Omidian P, Khaji N. A total life-cycle cost–resilience optimization framework for infrastructures management using different retrofit strategies[J]. Sustainable and Resilient Infrastructure, 2023, 8(6): 675-698.
[8] Fan Z, Dong H, Geng Y, et al. Life cycle cost–benefit efficiency of food waste treatment technologies in China[J]. Environment, Development and Sustainability, 2023, 25(6): 4935-4956.
[9] Kerdlap P, Purnama A R, Low J S C, et al. Life cycle cost analysis of distributed versus centralized plastic sorting and recycling[J]. Journal of Industrial Ecology, 2023, 27(1): 297-311.
[10] Karami M, Estekanchi H E, Hajirasouliha I, et al. Optimal Properties of Nonlinear Viscous Dampers in Steel Structures Considering the Life Cycle Cost[J]. Journal of Earthquake Engineering, 2024, 28(6): 1685-1708.
[11] Purdy C M, Raymond A J, DeJong J T, et al. Life-cycle sustainability assessment of geotechnical site investigation[J]. Canadian Geotechnical Journal, 2022, 59(6): 863-877.
[12] Phoon K K. The story of statistics in geotechnical engineering[J]. Georisk: Assessment and Management of Risk for Engineered Systems and Geohazards, 2020, 14(1): 3-25.
[13] Kamat S, Follen K, Chunodkar A. A Two-Stage Dynamic Programming-Based Sizing of Hybrid Energy Storage System for Hybrid Electric Vehicles[J]. SAE International Journal of Electrified Vehicles, 2022, 11(1): 33-44.
[14] Spink T. Strategic geotechnical asset management[J]. Quarterly Journal of Engineering Geology and Hydrogeology, 2020, 53(2): 304-320. 
[15] Ershadnia R, Wallace C D, Soltanian M R. CO₂ geological sequestration in heterogeneous binary media: Effects of geological and operational conditions[J]. Advances in Geo-Energy Research, 2020, 4(4): 392-405.

Sponsors, Associates, and Links

---

• Information Systems and Economics
  
  
• Accounting, Auditing and Finance
  
  
• Industrial Engineering and Innovation Management
  
  
• Tourism Management and Technology Economy
  
  
• Journal of Computational and Financial Econometrics
  
  
• Financial Engineering and Risk Management
  
  
• Social Security and Administration Management
  
  
• Population, Resources & Environmental Economics
  
  
• Statistics & Quantitative Economics
  
  
• Agricultural & Forestry Economics and Management
  
  
• Social Medicine and Health Management
  
  
• Land Resource Management
  
  
• Information, Library and Archival Science
  
  
• Journal of Human Resource Development
  
  
• Manufacturing and Service Operations Management
  
  
• Operational Research and Cybernetics