• Title/Summary/Keyword: Analysis of Production Cost

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Numerical Analysis Method for Nodal Probabilistic Production Cost Simulation (각 부하지점별 확률론적 발전비용 산정을 위한 수치해석적 방법)

  • Kim, Hong-Sik;Moon, Seung-Pil;Choi, Jae-Seok;Rho, Dae-Seok
    • Proceedings of the KIEE Conference
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    • 2001.05a
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    • pp.112-115
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    • 2001
  • This paper illustrates a new nodal effective load model for nodal probabilistic production cost simulation of the load point in a composite power system. The new effective load model includes capacities and uncertainties of generators as well as transmission lines. The CMELDC based on the new effective load model at HLII has been developed also. The CMELDC can be obtain from convolution integral processing of the outage capacity probabilistic distribution function of the fictitious generator and the original load duration curve given at the load point. It is expected that the new model for the CMELDC proposed. In this study will provide some solutions to many problems based on nodal and decentralized operation and control of an electric power systems under competition environment in future. The CMELDC based on the new model at HLII will extend the application areas of nodal probabilistic production cost simulation, outage cost assessment and reliability evaluation etc. at load points. The characteristics and effectiveness of this new model are illustrated by a case study of a test system.

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Optimum Model for Analyzing Lifetime Profitability of Holstein Cows

  • Shadparvar, A.A.;Nikbin, S.
    • Asian-Australasian Journal of Animal Sciences
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    • v.21 no.6
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    • pp.769-775
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    • 2008
  • This study was on the relative net income (RNI) for 18,286 Iranian Holstein cows from 799 herds, with first freshening between 1991 and 2000. Two kinds of production system, which differed mainly in milk pricing system and feed cost, were considered. Four different models adopted from the literature were examined to find the optimum model. They differed by the cost of rearing and growth after first calving and they needed different amounts of economic data at the farm level. Results showed that four measures of RNI were highly correlated (>0.96) and could be used equally to measure lifetime profitability of cows. Therefore, in herds without a regular system for recording economic and management data, use of the simplest model is recommended. Multiple regression analysis revealed that RNI was affected by age at first freshening, milk yield and days of productive life (DPL), regardless of production system, and a similar breeding goal could be defined for the two systems. Multiple regression analysis of RNI showed that in order to obtain an unbiased estimate of economic value for DPL, the per day milk yield, not total lifetime milk yield, should be included in the regression model along with DPL. Regression analysis suggested that it is possible to predict RNI using information on age at first freshening along with the length of first lactation and per day milk yield with a coefficient of determination ranging from 0.44 to 0.47.

Analysis on the Actual Conditions of Wastewater Treatment Facilities in Chungcheongnam-do Province Industrial Complexes (충청남도 산업단지의 오·폐수처리실태 분석)

  • Lim, Bong-Su;Kim, Do-Young;Yi, Sang-Jin;Oh, Hye-Jung
    • Journal of Korean Society on Water Environment
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    • v.23 no.6
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    • pp.850-862
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    • 2007
  • This study was carried out to survey the actual conditions of wastewater treatment facilities to obtain basic data for the management of wastewater from industrial complexes in Chungcheongnam-do province. Wastewater production flow per site area by watersheds was $49.2m^3/km^2/d$ for Sapgyoho, $8.1m^3/km^2/d$ for Anseongcheon, $5.7m^3/km^2/d$ for Seohae, and $2.9m^3/km^2/d$ for Geumgang. Sapgyoho showed 75% of the total production flow, which was the highest value, Geumgang showed 4% of total flow, which was the lowest value. Average total extra rate as production flow/capacity flow in the wastewater treatment facilities for industrial complex is 49%. Considering by watersheds, the extra rates of Seohae, Geumgang, Anseongcheon, and Sapgyoho, are 73%, 65%, 62%, and 33% respectively. This means that the design of capacity flow in wastewater treatment facilities was too large. Effluent concentration of wastewater treatment facilities did not exceed discharge limit mostly. The removal efficiency rate for water quality item was 90% in BOD, 70% in COD, 80% in SS, 30 to 80% in TN, and 20 to 90% in TP, so the organic removal was good, but the nutrient removal was low and interval of variation was high. The removal efficiency rate of the agricultural was industrial complexes is lower than the national and local complexes. The construction cost of the wastewater treatment facilities in Chungcheongnam-do was $1,756Won\;per\;m^3$, treatment cost was $189Won\;per\;m^3$, and they were about two times and 1.2 times higher than the nation-wide cost, respectively. The treatment cost consists of 39% for man power, 21% for chemical, 16% for power, 11% for sludge treatment, and 13% for others.

An Economic Feasibility Study of Manganese Nodule in Korea Area: Clarion-Clipperton Fracture Zone (심해저 망간단괴 개발사업의 경제적 타당성 재평가)

  • Nam, Kwang-Hyun;Oh, Wee-Yeong;Kwon, Suk-Jue
    • Ocean and Polar Research
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    • v.26 no.2
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    • pp.187-197
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    • 2004
  • The purpose of this paper is to investigate economic feasibility of manganese nodules in Korea area (Clarion-Clipperton Fracture Zone). We assumed that the production scale of manganese nodules were 3.0MT or 1.5MT and analyzed that the capital cost and operating cost were estimated in the four sectors, exploration, mining, transportation and metallurgical process. The capital cost and operating cost evaluation reflects the latest technical practices. First, for analyzing economic feasibility, the scenario suggests that the production of 4 metals can be made for 25 years. Assuming the discount rate at 8.0%, equity capital at 50% and tax at 27%. When manganese nodule were mininged 3.0 MT, economic feasibility analyses showed that IRR was 12.8 and pay-back period was 9.2 years, and when manganese nodules were mininged 1.5 MT, economic feasibility analyses showed that IRR was 4.0 and pay-back period was 11.8 years. This study indicated there is economic validity of at the product of manganese nodules 3.0 MT. In addition, we carried out a sensitivity analysis at the change of cobalt price on mining 1.5 MT. The result of sensitivity analysis clearly showed that economic validity is high at increasing of cobalt price 50% up.

Cost Distribution Strategies in the Film Industry: the Simplex Method (영화의 유통전략에 대한 연구: 심플렉스 해법을 중심으로)

  • Hwang, Hee-Joong
    • Journal of Distribution Science
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    • v.14 no.10
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    • pp.147-152
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    • 2016
  • Purpose - High quality films are affected by both the production stage and various variables such as the size of the movie investment and marketing that changes consumers' perceptions. Consumer preferences should be recognized first to ensure that the movie is successful. If a film is produced without pre-investigation and analysis of consumer demand and taste, the probability of success will be low. This study investigates the balance of production costs, marketing costs, and profits using game theory, suggesting an optimization strategy using the simplex method of linear programming. Research design, data, and methodology - Before the release of the movie, initial demand is assumed to be driven largely by marketing costs. In the next phase, demand is assumed to be driven purely by a movie's production cost and quality, which might also further determine consumer demand. Thus, it is essential to determine how to distribute pure production costs and other costs (marketing) in a limited movie production budget. Moreover, it should be taken into account how to optimally distribute under the assumption that the audience and production company's input resources are limited. This research simplifies the assumptions for large-scale and relatively small-scale movie investments and examines how movie distribution participant profits differ when each cost is invested differently. Results - When first movers or market leaders have to choose both quality and marketing, it has been proven that pursuing a strategy choosing only one is more likely than choosing both. In this situation, market leaders should maximize marketing costs under the premise that market leaders will not lag their quality behind the quality of second movers. Additionally, focusing on movie marketing that produces a quick effect while ceding creative activity to increase movie quality is a natural outcome in the movie distribution environment since a cooperative strategy between market competitors is not feasible. Conclusions - Government film development policy should ignore quality competition between movie production companies and focus on preventing marketing competition. If movie production companies focus on movie production quality improvement then a creative competition would ensue.

Development of household production satellite and application based on the establishment of concept and standardized measurement for household production (가정생산 위성계정의 개발 및 적용: 새로운 개념 정립과 표준화된 측정방법을 중심으로)

  • Park, Hyun-Jung;Hong, Hyunjeong;Huh, Kyungok
    • Journal of Family Resource Management and Policy Review
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    • v.17 no.2
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    • pp.55-74
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    • 2013
  • This research developed standardized satellite accounts for household production to measure the entire production in Korea using representative Korean data. This study utilized standardized methods for measuring the expenditure and consumption of expendable supplies as an element of intermediate goods in household production. The results of this research can be summarized as follows. First, the total value of household production in Korea in 2009 turned was 268 trillion won, which would be 10.16% of the GDP, based on using the method of replacement by specialty for estimating the value of housework, while it was 356 trillion won, which would be 13.5% of the GDP (2,636 trillion won), based on the method of opportunity cost. Second, the economic value of labor invested in household production was 220 trillion won when using the data from 12 main corresponding wages in the market, while it was 203 trillion won when using the method of total replacement, which used the wages of housekeepers, and 290 trillion won when using the method of opportunity cost in measuring the value of housework labor. Third, in estimating the proportion by section in terms of the total value of household production, the portion of labor in household production was measured from 76% to 82%, depending on the methods used, which is the most significant section. These results indicate that housework has the characteristics of labor-centered work. On the other hand, the value of expenditure on and consumption of expendable supplies, as one element of intermediate goods, is 63 trillion won, which is 17.7% (using the method of opportunity cost in measuring the labor of housework) of household production. Also, the value of capital goods, as the other element of intermediate goods is 2.3 trillion won, which is 0.9% (using the method of opportunity cost) of household production. In conclusion, as an element of household production, housework labor was higher in household production than expenditures on expendables, especially for cooking, cleaning, and caring for children. In the future, people should be cautious about estimating that the amount of household work could be reduced, as women's labor in the market and the household work produced by the market will increase.

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Economic Analysis of a Rape Production for Biodiesel (바이오디젤 원료용 유채재배의 경제성 분석)

  • Kim, Chung-Sil;Lee, Sang-Ho
    • Korean Journal of Organic Agriculture
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    • v.14 no.3
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    • pp.237-249
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    • 2006
  • The objective of this paper was to evaluate economic feasibility of biodiesel production. Biodiesel is a diesel-fuel replacement produced from domestic renewable resources such as vegetable oils. This paper deals mainly with the income and cost data to analyze economic feasibility of biodiesel. The income of a rape farmer for biodiesel was 206,894won/10a, and it's similar to barley income. In addition a rape production for biodiesel have ancillary effect. Therefore we have to use direct payment for encouraging the production and use of biodiesel.

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A modeling of manufacturing system and a model analysis by a SIMAN language (생산공정의 모델링과 SIMAN 언어에 의한 모델분석)

  • 이만형;김경천;한성현
    • 제어로봇시스템학회:학술대회논문집
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    • 1987.10b
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    • pp.300-306
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    • 1987
  • This paper deals with a modeling of manufacturing system and a model analysis by a SIMAN language. A flow of production process is analyzed, and a mathematical model on the basis of the analyzed data is simulated by a SIMAN language. An object of this study is to achieve an optimization of production a reduction of cost, and an improvement of quality by a applicable line-balancing technique and an optimization technique in a real factor induced an analysis and synthesis of the result of simulation.

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Ripple Effect Analysis of Construction Standard Unit Price in Public Construction (공공건설공사 표준시장단가 적용 파급효과 분석)

  • Jin, Zheng-Xun;Baek, Seung-Ho;Lee, Ju-Hyun
    • Journal of the Korean Society of Industry Convergence
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    • v.25 no.6_3
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    • pp.1207-1219
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    • 2022
  • 「Act On Contracts To Which The State Is A Party」 stipulates that the "Construction Standard Production Rate" and "Construction Standard Unit Price" be used as the criteria for determining the estimated price of construction works performed by public institutions. In this regard, issues such as the application scope of the Construction Standard Unit Price, and the effect of budget reduction continue. However, due to the lack of quantitative data on the actual application of Construction Standard Unit Price, it is difficult to objectively evaluate various issues. In order to prepare data for objective evaluation of the Construction Standard Unit Price, this study analyzed the ripple effect of applying the Construction Standard Unit Price based on the bill of quantity. As a result of the analysis, the Construction Standard Unit Price ripple effect in the civil engineering part was 9.2%, and it was analyzed that there was a ripple effect of about 1.9% based on the civil engineering direct cost. In the construction part, the ripple effect was analyzed to be relatively high at 17%, but it was found to have a ripple effect of about 3% in the construction direct cost. Based on the total direct cost, the ripple effect was calculated as 2.2%. Based on the analysis results, it is possible to evaluate the effect of applying the Standard Market Unit Price, and it is expected to be used as basic data to solve issues. As a future study, it is necessary to additionally analyze the ripple effect by Standard Market Unit Price application range (over 10 billion, over 20 billion won, etc.) and delivery system type (comprehensive evaluation, qualification examination, technical bidding, etc.). In addition, it is necessary to study the appropriate ripple effect of the Standard Market Unit Price.