• Title/Summary/Keyword: Cost Evaluation

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A Risk Analysis Model Using VERT for R & D Project Management (R & D 프로젝트의 위험분석모형의 연구)

  • 황홍석
    • Journal of the Korean Operations Research and Management Science Society
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    • v.20 no.1
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    • pp.85-99
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    • 1995
  • Increasingly, risk analysis is becoming important ingredients in achieving the successful implementation and application in the area of the project management. The project management system is designed to manage or control the project resources on a given activity within time, cost and performance so called TPPM (Total Productive Project Management). In this research, a risk analysis model misproposed to identify potential problem areas, quantify the risks, and generated the chice of the action that can be taken to reduce the risk. In addition two analysis models are proposed : 1) risk factor model and 2) network simulation model using VERT (Venture Evaluation and Review Technique ). The objective of the remodels is to estimate the schedule, cost performance risks. These proposed quantitative models for project risk analysis are proving its value for the project managers who need to assess the risk of changes in cost, schedule, or performance. The proposed models will be used in the area of project selection, evaluation and the allocation of project resources.

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A Study on Software Reliability Evaluation Using SRGM (SRGM을 이용한 소프트웨어 신뢰도 평가에 관한 연구)

  • 신경애
    • Journal of the Korea Computer Industry Society
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    • v.4 no.4
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    • pp.553-560
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    • 2003
  • Can presume number of software failure or remaining fault that is expected with test data that is collected by decided time using SRGM that is studied until present. Therefore, can forecast software reliability achievement degree and software reliability use step. But, reliability evaluation according to if choose any model can change. Therefore, we present SRGM that consider test cost to error detection and error delete cost as SRGM that consider error delete cost in this research. Using this SRGM, can presume number of remaining fault in software, reliability and optimal release time.

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Cost Evaluation of multirate LQD Control

  • 이진우;오준호
    • Proceedings of the Korean Society of Precision Engineering Conference
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    • 1997.04a
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    • pp.174-178
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    • 1997
  • In this paper,we consider a LQG problem subject to the stochastic multirate system. By restating the problem as a periodic LQG problem, it is pointed out that the lack of measurements and control inputs in some time instants makes the problem singular. A method of transforming the problem into a nonsingular one enables us to obtain the solution,however which gives a resulting value of the LQG cost and the setimation error dynamic different with those of the original system. As a consequence, we present a optimal value of the original cost and the estimation error covariance of the original system,which are expressed by periodic Lyapunov equation respectively. The evaluation resulte can be exploited in comparing the control system performances and specifying the sampling rates.

Development of a Program for Reliability and Probabilistic Production Cost Evaluation of Composite Power Systems using GUI (GUI를 이용한 복합전력계통의 신뢰도해석 및 확률론적 발전비산정 프로그램 개발)

  • Moon, Seung-Pil;Kim, Hong-Sik;Cha, Jun-Min;Rho, Dae-Seok;Choi, Jae-Seok
    • Proceedings of the KIEE Conference
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    • 2001.11b
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    • pp.243-245
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    • 2001
  • The reliability and probabilistic generation production cost evaluation of composite power systems are important for power system operation and expansion planning. This paper present a computer program which can evaluate the reliability and probabilistic generation production cost of composite power system using GUI(Graphic User Interface). In this computer program, Monte Carlo simulation methods and CMELDC(CoMposite power system Effective Load Duration Curve) were used.

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Economic Evaluation of Various Cooling Systems (냉방기기별 경제성 평가)

  • Kim, Young-Il;Cho, Keum-Nam
    • Proceedings of the SAREK Conference
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    • 2008.06a
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    • pp.214-219
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    • 2008
  • In this study, medium capacity EHP and GHP for air-conditioning a building with a floor area of $1,200\;m^2$ are compared economically. To consider all the factors of initial and operation costs effectively, an annual equal payment method is proposed. For the initial cost, equipment, construction, installation, electric facility, financial subsidy and tax cut are considered. Basic electricity, energy(electricity and gas), space charge, labor, insurance and repair are considered for the operation cost. Under the assumptions made in this study, overall cost of EHP is less than that of GHP. However, different outcome may result if different assumptions are made. This study is useful for performing an economic evaluation of various air-conditioning systems.

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An Analysis on the Economic Validity of the Establishment of R&D Supreme Academy (R&D 인력 재교육 전문기관의 경제적 타당성 분석)

  • Lim, Chang-Joo;Kim, Sang-Yung;Baek, Nak-Ki;Oh, Sea-Hong;Seo, Jong-Hyen
    • Journal of the Korea Safety Management & Science
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    • v.11 no.3
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    • pp.181-188
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    • 2009
  • This paper presents the economic validity with the cost/benefit analysis on establishing R&D Supreme Academy. To evaluate the profitability of R&D Supreme Academy, willingness to pay (WTP) is measured by contingent valuation method (CVM) and then the net present value (NPV), internal rate of return (IRR) and benefit/cost ratio(BCR) are calculated. The results of economic evaluation verified that the establishment of R&D Supreme Academy is timely and effective in an economic perspective.

Probabilistic Production Cost Credit Evaluation of Wind Turbine Generators (풍력발전기의 확률론적 발전비용 절감기여도 평가)

  • Park, Jeong-Je;Wu, Liang;Choi, Jae-Seok;Cha, Jun-Min
    • The Transactions of The Korean Institute of Electrical Engineers
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    • v.57 no.12
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    • pp.2153-2160
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    • 2008
  • This paper develops an algorithm for probabilistic production cost credit evaluation of wind turbine generators(WTG) with multi-state. Renewable energy resources such as wind, wave, solar, micro hydro, tidal and biomass etc. are becoming importance stage by stage because of considering effect of the environment. Wind energy is one of the most successful sources of renewable energy for the production of electrical energy. Case study demonstrates that the wind speed credit in view point of economics can be assessed by using the proposed methodology.

THE RESEARCH ON CONCEPTUAL MODEL OF LNG PLANT PROJECT PLANNING EXPERT SYSTEM

  • Moon-Sun Park;Young-Ai Kim;Seung-Wook Lee;Sung-Ryul Bae;Hyun-Wook Kang;Byoung-Jun Min;Yong-Su Kim
    • International conference on construction engineering and project management
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    • 2009.05a
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    • pp.1570-1575
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    • 2009
  • The purpose of this research is to propose the conceptual model of Scenario-based Project Planning Expert System which has not been used in domestic LNG plant industry. This research examines data on the plant project planning expert system of domestic and oversea, analyzes the components of project planning expert systems and benchmark excellent cases. The conceptual model of LNG plant project planning expert system is established through the procedure as has been noted above. The results of this research are as follows: First, this research draws out such components of LNG plant project planning expert system as feasibility, cost control, contract management and risk management. Second, this research proposes the conceptual model of LNG plant project planning expert system which core module is consist of feasibility evaluation, life cycle cost evaluation and decision making. Finally, each module of LNG plant project planning expert system would be integrated into the Scenario-based Project Planning Expert System.

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A Study on the Control of Apartment House Design Factors considering Energy, Environment and Economical Efficiency (에너지, 환경 및 경제성을 통합 고려한 공동주택 설계요소 제어에 관한 연구)

  • Choi, Doo-Sung;Do, Jin-Seok
    • KIEAE Journal
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    • v.12 no.6
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    • pp.29-38
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    • 2012
  • The current building energy efficiency rating certification regulation on apartment houses evaluates only the saving rate of energy consumed during operation, i.e. use, of a building, but doesn't consider the energy consumptions and environmental load($CO_2$) emissions occurring during the whole lifetime of a building. So this study calculated the energy consumptions and environmental load emissions occurring during the whole lifetime of a building, selected reference schemes and alternative items by design variables to present a design draft considering energy efficiency and environmental performance, and evaluated the total cost by combining and calculating its direct cost(material and heating cost) and indirect cost(environmental cost), for an existing apartment house as an evaluation object. As a result of analysis, the change of heating cost by alternative items of design variables showed a 4~8% change rate compared to the reference scheme, and the material cost of design variable 7 showed a maximum 4.4 times change rate in the alternative plan 6 compared to the reference scheme. The environmental cost showed a similar change rate to the material cost change rate in general, but showed a similar environmental cost change rate to the heating cost change rate in case of design variables 4-1, 4-2, 7.

Cost Effectiveness Evaluation of Seismic Isolated Bridges in Low and Moderate Seismic Region (중약진 지역에서의 지진격리교량의 비용효율성 평가)

  • 고현무
    • Proceedings of the Earthquake Engineering Society of Korea Conference
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    • 2000.10a
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    • pp.440-447
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    • 2000
  • In order to evaluate the cost effectiveness of seismic isolation for bridges in low and moderate seismic region, a method of calculation minimum life-cycle cost of seismic-isolated bridges under specific acceleration level and soil condition is developed. Input ground motion is modeled as spectral density function compatible with response spectrum for combination of acceleration coefficient and site coefficient. Failure probability is calculated by spectrum analysis based on random vibration theories to simplify repetitive calculations in the minimization procedure. Ductility of piers and its effects on cost effectiveness are considered by stochastic linearization method. Cost function and cost effectiveness index are defined by taking into consideration the characteristics of seismic isolated bridges. Limit states for calculation of failure probability are defined on superstructure, isolator and pier, respectively. The results of example design and analysis show that seismic isolation is more cost-effective in low and moderate seismic region than in high seismic region.

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