• Title/Summary/Keyword: Cost Functions

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Minimum life-cycle cost design of ice-resistant offshore platforms

  • Li, Gang;Zhang, Da-Yong;Yue, Qian-Jin
    • Structural Engineering and Mechanics
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    • v.31 no.1
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    • pp.11-24
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    • 2009
  • In China, the oil and natural gas resources of Bohai Bay are mainly marginal oil fields. It is necessary to build both ice-resistant and economical offshore platforms. However, risk is involved in the design, construction, utilization, maintenance of offshore platforms as uncertain events may occur within the life-cycle of a platform under the extreme ice load. In this study, the optimum design model of the expected life-cycle cost for ice-resistant platforms based on cost-effectiveness criterion is proposed. Multiple performance demands of the structure, facilities and crew members, associated with the failure assessment criteria and evaluation functions of costs of construction, consequences of structural failure modes including damage, revenue loss, death and injury as well as discounting cost over time are considered. An efficient approximate method of the global reliability analysis for the offshore platforms is provided, which converts the implicit nonlinear performance function in the conventional reliability analysis to linear explicit one. The proposed life-cycle optimum design formula are applied to a typical ice-resistant platform in Bohai Bay, and the results demonstrate that the life-cycle cost-effective optimum design model is more rational compared to the conventional design.

Reliability Improvement Considering Effect of Dispersed Generator and Interruption Cost in Distribution Systems (분산전원의 영향과 정전비용을 고려한 신뢰도 향상)

  • Kim, Kyu-Ho;Song, Kyung-Bin
    • Journal of the Korean Institute of Illuminating and Electrical Installation Engineers
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    • v.20 no.10
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    • pp.172-177
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    • 2006
  • This paper presents a method to improve reliability considering dispersed generator(DG) installation and interruption cost with load types. It is used to the different interruption costs with load pattern of daily peak load. The objective functions such as power losses cost operation cost of DG, power buy cost and interruption cost are minimized for reliability improvement and efficient operation. The several indices for reliability evaluation are improved by dispersed generator installation. The proposed method is applied to IEEE 13 bus test systems to demonstrate its effectiveness.

An Improved Cost Management Method for ERP System (ERP시스템의 원가 운영 개선 방안)

  • Ahn, Min-Sub;Park, Dong-Gyu
    • Journal of the Korea Institute of Information and Communication Engineering
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    • v.14 no.4
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    • pp.795-802
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    • 2010
  • Currently, the business environment has been rapidly changed due to the fast globalization and development of information technology. Therefore, many companies are trying to change their management system by improving their own decision making systems and innovations. Many domestic enterprises are introducing or considering the ERP system. In the field of ERP management accounting, there are many auxiliary functions for helping efficient internal management analysis for company. In this paper, we proposed and developed an improved method for minimize the variance between standard cost and actual cost of materials of the company. In this method we proposed efficient ERP cost management system considering current cost component including currency and actual material cost and overhead costs.

Cost Function of Congestion-Prone Transportation Systems (혼잡현상을 갖는 교통체계의 비용함수)

  • Mun, Dong-Ju;Kim, Hong-Bae
    • Journal of Korean Society of Transportation
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    • v.25 no.6
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    • pp.209-230
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    • 2007
  • This paper analyzed the social cost function of a congestion-prone service system, which is developed from the social cost minimization problem. The analysis focused on the following two issues that have not been explicitly explored in the previous studies: the effect of the heterogeneity of value-of-travel-times among customers on the structure of cost functions; and the structure of the supplier cost function constituting the social cost function. The analysis gave a number of findings that could be summarized as follows. First, the social marginal cost for one unit increase in system output having a certain value-of-travel-time is the sum of the service time cost for that value-of-travel-time and the marginal congestion cost for the average value-of-service-time of all the system outputs. Second, the marginal congestion cost equals the marginal supplier cost of system output under the condition that supplier compensates the customers for the changed service time costs which is incurred by the marginal capacity increase necessary for economically facilitating an additional system output. Third, the compensated marginal cost is the multiple of the marginal capacity cost and the inverse of system utilization ratio, if the service time function is homogeneous of degree zero in its inputs.

Design of Economical Steel Ratio in RC Flexural Members (RC 휨부재의 경제적 철근비 설계)

  • Jeong, Je Pyong;Lee, Chang Kee;Ryu, Heui Joong
    • KSCE Journal of Civil and Environmental Engineering Research
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    • v.35 no.1
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    • pp.93-99
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    • 2015
  • This paper is on a practical method for determination of the economical steel ratio in RC flexural members with an equal safety factor. The cost functions of each material and labor are considered to construct the cost function. Then, an equation for determination of the economical flexure steel ratio with the lowest construction cost were proposed. It was found that a relevant steel ratio is recommended to be 0.65~1.0% for designing singly reinforced rectangular beam.

Determination of Quality Cost Policy under the Multiple Assignable Causes (다중이상원인하의 경제적 품질비용 정책결정)

  • Kim Kyewan;Park Ji Yeon;Yun Deok Kyun
    • Proceedings of the Society of Korea Industrial and System Engineering Conference
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    • 2002.05a
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    • pp.1-8
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    • 2002
  • At present, company has to produce a product that consumer like with a competitive price, a good quality, and a fitting time to supply. Process control and qualify control are very important to supply with a product uniformly and inexpensively In this paper, the characteristic of product quality is monitored by control chart during the machining process and construction of quality control cycle is considered to divide into two types in this case that different assignable causes lead to shifts having different magnitudes. Then we are intended to find a process shift magnitude which has economical quality cost policy and are considered to quality cost functions to find a process shift magnitude. Those costs are categorized into the well-known categories of prevention, appraisal, and internal failure and external failure. This paper ends with numerical examples that demonstrate the usefulness of the model.

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A study of new classifying methd of target manufacturing cost to the product compnents by using customer's function evaluation (소비자 기능평가에 근거한 원가목표에 대한 계층적 세분화에 관한 연구)

  • 하재경
    • Journal of Korean Society of Industrial and Systems Engineering
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    • v.20 no.42
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    • pp.87-98
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    • 1997
  • product to assign objectives for target manufacturing cost on the basis of consumer's function envaluation. The principal purposes of the study include: to improve product differentiation for those products with major usability functions and to prepare effective steps of product concept formulation. Since scant research has been conducted toward the approach suggested above, this study suggests a new method using conjoint analysis for classifying goals of manufacturing costs based on customer's function evaluation. The ultimate goal of this study is to compare and check. The cost estimate for each structure, and eventually to decide target cost values to be reasonably understood by the R&D team.

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An Application of Optimization method for Efficient Operation of Micro Grid (마이크로그리드의 효율적 운영을 위한 최적화기법의 응용)

  • Kim, Kyu-Ho
    • Journal of the Korean Institute of Illuminating and Electrical Installation Engineers
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    • v.26 no.12
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    • pp.50-55
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    • 2012
  • This paper presents an application of optimization method for efficient operation in micro grid. For operational efficiency, the objective function in a diesel generator consists of the fuel cost function similar to the cost functions used for the conventional fossil-fuel generating plants. The wind turbine generator is modeled by the characteristics of variable output. The cost function of fuel cell plant considers the efficiency of fuel cell. Particle swarm optimization(PSO) and sequential quadratic programming(SQP) are used for solving the problem of microgrid system operation. Also, from the results this paper presents the way to attend power markets which can buy and sell power from upper lever grids by connecting a various generation resources to micro grid.

A Simple Cost Analysis of Host ID-LOC Separating protocol using SDN Features

  • Lee, Chan-Haeng;Choi, Chang-Won
    • Journal of Internet of Things and Convergence
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    • v.2 no.4
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    • pp.41-47
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    • 2016
  • The IP address used in the Internet has the role of both identifier and locator to bind a host and the application, however, this binding restricts some functions such as mobility and multi-homing. As a result, we suggested a host ID-LOC separation protocol using DHT with SDN features. The proposed scheme is a network-based scheme, and uses IPv6 addresses. The underlying network is partitioned into Host Identity domain and IP domain for identifiers and locators. In this paper, we present a simple cost model for analyzing both the proposed scheme and one of the previous works, the MOFI. The result of cost analysis shows better performance of the proposed scheme.

QoS-aware Cross Layer Handover Scheme for High-Speed vehicles

  • Nashaat, Heba
    • KSII Transactions on Internet and Information Systems (TIIS)
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    • v.12 no.1
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    • pp.135-158
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    • 2018
  • High-Speed vehicles can be considered as multiple mobile nodes that move together in a large-scale mobile network. High-speed makes the time allowed for a mobile node to complete a handover procedure shorter and more frequently. Hence, several protocols are used to manage the mobility of mobile nodes such as Network Mobility (NEMO). However, there are still some problems such as high handover latency and packet loss. So efficient handover management is needed to meet Quality of Service (QoS) requirements for real-time applications. This paper utilizes the cross-layer seamless handover technique for network mobility presented in cellular networks. It extends this technique to propose QoS-aware NEMO protocol which considers QoS requirements for real-time applications. A novel analytical framework is developed to compare the performance of the proposed protocol with basic NEMO using cost functions for realistic city mobility model. The numerical results show that QoS-aware NEMO protocol improves the performance in terms of handover latency, packet delivery cost, location update cost, and total cost.