• Journal of Korean Society of Industrial and Systems Engineering
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• v.33 no.1
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• pp.71-79
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• 2010

This paper addresses capacity expansion planning model of distribution center under usability of public distribution center. For discrete and finite time periods, demands for distribution center increase dynamically. The capacity expansion planning is to determine the capacity expansion size of private distribution center and usage size of public distribution center for each period through the time periods. The capacity expansion of private distribution center or lease usage of public distribution center must be done to satisfy demand increase for distribution center. The costs are capacity expansion cost and excess capacity holding cost of private distribution center, lease usage cost of public distribution center. Capacity expansion planning of minimizing the total costs is mathematically modelled. The properties of optimal solution are characterized and a dynamic programming algorithm is developed. A numerical example is shown to explain the problem.

• Journal of Korean Institute of Industrial Engineers
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• v.11 no.2
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• pp.141-154
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• 1985

The capacity expansion problem has been defined. Existing literatures on capacity expansion problems have been reviewed and unified under a structure of problem domain. The problem domain has been defined by three relavent coordinates; function or objective of the project, consideration of resource allocation, and consideration of project sequencing. Long range planning is of vital importance in setting up ultimately efficient capital investment plans to meet immediate demand increase. Simplified expansion sequencing example problems have been introduced and solved to help understanding of a solution scheme.

• Proceedings of the Korea Society for Simulation Conference
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• 1992.10a
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• pp.1-1
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• 1992

This paper presents a user-oriented port expansion simulation model that determines the future economic port capacity to meet the projected demand. The model consists of two parts; a physical impact simulation, and an economic impact simulation. The first part of the model simulates the effects caused by the port capacity expansion. The second part evaluates the port economics due to changes in the port capacity. The model was validated by applying it to the actual port expansion followed at the Port of Mobile, Alabama. A case study is then presented to demonstrate the capacity of the model with a coal handling port, the McDuffie Terminals at the Port of Mobile.

• Journal of Electrical Engineering and Technology
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• v.10 no.4
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• pp.1460-1470
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• 2015

This paper presents an approach to solve the long-term generation expansion planning problem of the restructured electricity industry using an agent-based environment. The proposed model simulates the generation investment decisions taken by a particular agent (i.e. a generating company) in a market environment taking into account its competitors’ strategic investment. The investment decision of a particular company is modeled taking into account that such company has imperfect foresight on the future system development hence electricity prices. The delay in the construction of new plants is also explicitly modeled, in order to compute accurately the yearly revenues of each agent. On top of a conventional energy market, several capacity incentive mechanisms including capacity payment and capacity market are simulated, so as to assess their impact on the investment promotion for generation expansion. Results provide insight on the investment cycles as well as dynamic system behavior of long-term generation expansion planning in a competitive electricity industry.

• International Journal of Safety
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• v.9 no.2
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• pp.16-21
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• 2010

In this study, the variations of transformed impact factors and load carrying capacity of highway bridges measured from the state of expansion joint are evaluated. the field loading tests were performed on the highway bridge with damaged expansion joint to investigate the variation of the load carrying capacity. From the field loading tests in case that damaged expansion joint exist or do not exist, the static displacements and dynamic displacements were measured, and TIF were calculated, respectively. dynamic test is performed in order to estimate dynamic displacement and TIF according to the level of damage of expansion joint. From the results of TIF, the load carrying capacity of highway bridges with damaged expansion joint were estimated.

• Journal of Korean Institute of Industrial Engineers
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• v.16 no.1
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• pp.51-58
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• 1990

A deterministic capacity expansion planning model for a two-capacity type facility is analyzed to determine the sizes to be expanded in each period so as to supply the known demands for two distinct capacity type(product) on time and to minimize the total cost incurred over a finite planning horizon of T periods. The model assumes that capacity unit of the facility simultaneously serves a prespecified number of demand units of each capacity type, that capacity type 1 can be used to supply demands for capacity type 2, but that capacity type 2 can't be used to supply demands for capacity type 1. Capacity expansion and excess capacity holding cost functions considered are nondecreasing and concave. The structure of an optimal solution is characterized and then used in developing an efficient dynamic programming algorithm that finds optimal capacity planning policy.

• Journal of the military operations research society of Korea
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• v.11 no.2
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• pp.15-22
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• 1985

Planning for the expansion of production capacity is of vital importance in many applications within the private and public sectors. This paper considers a sequencing expansion problem in which capacity can be added only at discrete points in time. Given the demand forecast of each period, capacity and cost of each expansion project, we are to determine the sequence of expansion necessary to provide sufficient capacity to meet the demand in all periods at minimum cost. This problem is formulated as a pure integer programming and solved by branch and bound method using Lagrangian relaxation. At first, simple sequencing expansion problem is presented, and in the latter part, extension to include precedence between projects is suggested.

• New & Renewable Energy
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• v.7 no.2
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• pp.18-27
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• 2011

Management flexibility to adapt its future actions in response to altered future market conditions can expand the value of an investment opportunity by improving its upside potential without the change in the downside losses. Module manufacturers in solar industry continuously have to decide how much and when its production capacity should be expanded with regards to the demand in the global markets. Either over- or under-investment can cause sunk and/or opportunity costs to the module manufacturers. Option of exercising the additional investments only on favorable opportunities can increase total value of the investment. This paper analyzes the case which shows that the expansion of production capacity with more expandibility can have more value than the rigid plan of capacity expansion. The expansion option value is equivalent to KRW 38.286 billion, thus switching the negative NPV of the initial investment opportunity into the positive value. High volatility and the high growth in the cashflows as the major business features of the renewable energy provide condition where real options can play the crucial role in increasing the investment value as well as in determining the size and timing of capacity expansion in the course of capital budgeting process.

• Journal of Korean Society of Industrial and Systems Engineering
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• v.32 no.2
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• pp.1-12
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• 2009

Distribution centers in a distribution system that consists of the distribution centers and retailers supplies products to retailers. At the present, although total capacity of the distribution centers are enough to supply total demand of retailers, capacity of the distribution centers need to be expanded to satisfy the demand of retailers in case that future demand of the retailers will be increased. Capacity expansion model in a distribution system is to determine the location and size of expansion distribution centers that minimize costs among given distribution centers. Transportation amount from distribution center to retailers also is determined. The costs factors are the capacity expansion costs of the distribution centers and the transportation costs from the distribution centers to the retailers. A model is formulated, and a genetic algorithm based solution procedure is developed. A numerical example is shown and the algorithm is analyzed through examples.

• Journal of Korea Foundry Society
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• v.17 no.1
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• pp.51-57
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• 1997

Effects of the amount of flake type graphite, morphology and (V,Mo)carbides on the specific damping capacity of austenitic low thermal expansion cast irons were investigated. Specific damping capacity(SDC) of low thermal expansion cast irons increased with the increased amount of graphite. Specific damping capacity of low thermal expansion cast iron decreased with the increased Young's modulus. In the case of V and Mo addition, SDC decreased with the increased amount of carbides. Specific damping capacity increased about 2% by the movement of magenetic domains which appeared in ferromagnetic materials.