• Proceedings of the KIEE Conference
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• 2005.07a
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• pp.828-830
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• 2005

A index using generation cost for planning' for representing economical efficiency of generator, However in case of Combined heat and power(CHP) the product is divided in electrical power and steam, so there are no unconditional comparison between general generator and CHP. To calculating the generation cost for planning of CHP, this study using the method that change electrical power and steam into same unit and suggest the comparing system that can compare economical efficiency with other generators.

• Proceedings of the KIEE Conference
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• 2005.11b
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• pp.258-260
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• 2005

Recently, it is focused on a methodology to estimate a order of precedence investment in distribution power system under competitive electricity market. This paper suggests methodology to evaluate the order as using a sensitivity of system interruption cost in distribution system regarding a failure rate of distribution components. In this paper, by using one of feeder in RBTS model, the order is assessed to compare valuation about sensitivity of interruption cost with valuation about sensitivity of estimated reliability indices. In conclusion, it is shown that results of precedence investment based on each methods are difference.

• Management Science and Financial Engineering
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• v.16 no.1
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• pp.119-135
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• 2010

In this paper, we readdress the optimization problem for minimizing the inspection cost in a back-light unit inspection system, which forms a network including a K-stage inspection system, a source inspection shop, and a re-inspection shop. In order to formulate our objective function when the system is in a steady state, assuming that the number of nonconforming items in a lot follows a binomial distribution when a lot is formed for inspection, we make a steady-state network flow analysis between shops, and derive the steady-state amount of flows between nodes and the steady-state fraction defectives by solving a nonlinear balance equation. Finally we provide some fundamental properties and an enumeration method for determining an optimal value of K which minimizes our objective function. In addition, we compare our results numerically with previous ones.

• Journal of Korean Society for Quality Management
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• v.41 no.3
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• pp.413-421
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• 2013

Purpose: System availability and life cycle cost are often used to evaluate the system performance and is influenced by the operation and maintenance characteristic. In this paper, we propose the method to improve life cycle cost and satisfy the target availability through redundancy allocation. Methods: We consider the redundancy is available at all items in multi level system. Thus, we assume that sub-assembly, module, components can be duplicated. Simulation and genetic algorithm are employed to optimize redundancy allocation. Results: Target availability is higher, the life cycle cost is increased. In addition, the items for redundancy are selected at higher level in multi level system if target availability is higher. Conclusion: We could know that target availability affects the duplication number of items and the selection of redundancy items. For further study, we will consider new optimization algorithms to compare with the proposed GA algorithm and improve optimization performance.

• Journal of the Korean Operations Research and Management Science Society
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• v.31 no.1
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• pp.25-36
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• 2006

Consider a supply chain in which a vendor supplies a product to a buyer. We assume that the buyer's and vendor's inventory cost structures are different, resulting in differences in inventory order/delivery cycle times. Here, if one party insists on its individually optimal order/delivery quantity, the other party will suffer from mismatches in cycle times. Under this scenario, coordination contracts that make use of either a Net Term/Two parts Term Trade Credit or a Quantity Discount are designed to align individually optimal order Quantities. We compare and analyze the perform ances of these contracts. The focus of the comparison is the ability of contracts to generate a lower cost for the supply chain. We show that a Trade Credit policy can be effectively used to coordinate a supply chain. In many cases it will result in a lower supply chain cost compared to that achieved by using a Quantitative Discount policy.

• Current Photovoltaic Research
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• v.2 no.3
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• pp.140-145
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• 2014

The globally used PV qualification tests and reports the pass/fail only. Therefore, the reliability of new PV materials and parts can't be compared quantitatively with the reliability of the PV parts and materials in the market. Global PV materials and parts companies test and compare their materials, parts, and modules using the failure-to-test (FTT). However, it takes a long accelerated stress test (AST) until failure. It also needs to test the new and existing materials and parts. Therefore, it requires excessive equipment time and cost. In order to reduce the time and cost, a new reliability enhancement methodology has been developed. It tests the PV materials, parts, and modules in the global market and stores them in the PV reliability database. It reduces the time and cost of the comparison and enhancement of PV reliability. An example of the reliability enhancement of the PV encapsulant, EVA is presented.

• Journal of Korean Society of Industrial and Systems Engineering
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• v.32 no.4
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• pp.45-52
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• 2009

The objective of this was to improve a transportation cost relation between Central Distribution Centers(CDCs) and Regional Distribution Centers(RDCs), to control inventory cost concerning safety stock for each service level, by reviewing distribution steps connecting CDCs and RDCs under the price discount. It was also to examine and compare operating costs for the following two alternative suggestions for setting the service standard as a counter measure for a stock-out of the distribution network system management. First, provision by dispersing the safety stock to the CDCs and RDCs; and second, exclusive provision of the safety stock only to the RDCs. The cost comparison analysis was made for each category of purchase costs, regular transportation costs, express transportation costs, and inventory holding costs.

• Asia-Pacific Journal of Business
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• v.12 no.3
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• pp.87-99
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• 2021

Purpose - In this study, I attempt to clarify three theories of firm boundaries (vertical integration): the principal-agent theory, transaction cost theory, and property rights theory. Although these theories have been widely cited and much discussed, it has been found that understanding the commonalities and distinctions of these seemingly familiar theories is difficult. Design/methodology/approach - I present the three theories about the decisions that firms make concerning their boundaries. Then, I compare elemental versions of the theories of the firm. Findings - Comparing the ingredients of the elemental property rights and principal-agent theories shows that they provide a unified account of the costs and benefits of vertical integration. However, the property rights theory in no sense formalizes the transaction cost theory. Research implications or Originality - Clarifying the three theories of the firm can help to construct empirical models and interpret its results.

• Proceedings of the Korea Inteligent Information System Society Conference
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• 2007.05a
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• pp.309-320
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• 2007

The data imbalance problem which can be uncounted in data mining classification problems typically means that there are more or less instances in a class than those in other classes. It causes low prediction accuracy of the minority class because classifiers tend to assign instances to major classes and ignore the minor class to reduce overall misclassification rate. In order to solve the data imbalance problem, there has been proposed a number of techniques based on resampling with replacement, adjusting decision thresholds, and adjusting the cost of the different classes. In this paper, we study the feasibility of the combination usage of the techniques previously proposed to deal with the data imbalance problem, and suggest a combination method using genetic algorithm to find the optimal combination ratio of the techniques. To improve the prediction accuracy of a minority class, we determine the combination ratio based on the F-value of the minority class as the fitness function of genetic algorithm. To compare the performance with those of single techniques and the matrix-style combination of random percentage, we performed experiments using four public datasets which has been generally used to compare the performance of methods for the data imbalance problem. From the results of experiments, we can find the usefulness of the proposed method.

• Journal of the Korean Institute of Landscape Architecture
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• v.29 no.6
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• pp.72-81
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• 2002

The purpose of this study is to determine the impact of the soil load for artificial ground on a building's structural expenses. Three types of soil - 100% soil, soil mixed with 50% perlite, and 100% artificial soil - were used for this study. A one story concrete steel building specific to each soil load was designed, and then, the cost of steel and concrete used for the design was estimated. As the result of this study, the structural expenses in the case of 5:5 mixed soil can be reduced about 17% compare with 100% soil. Using artificial soil, the structural expenses can be cut about 32% compare to 100% soil and about 12% less when 5:5 mixed soil is used. However, considering total expense which includes the structural expense and soil expense, the expense of 5:5 mixed soil have an increase 25% compared with 100% soil. In the artificial soil, the total expense is 45% more expensive than 100% soil and 17% higher when 5:5 mixed soil is used because of the high unit price of artificial soil. This study expected substantial savings in structural cost as the soil-load was lightened. But, savings were significantly reduced because the unit price of the artificial soil is much more expensive than the price of the natural one. Therefore, further research on methods of reducing the unit price of the artificial soil should be conducted in order to extend green space on to artificial ground.