• International conference on construction engineering and project management
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• 2022.06a
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• pp.204-212
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• 2022

Recently, the Korean government has been actively promoting the smart city as their strategic agenda. However, to build smart cities that are greener, the authors believe it is essential to rapidly transit conventional energy sources such as fossil fuels to renewable energy. Although there is a big potential for Offshore wind in Korea, there has not been a full-scale commercial offshore wind farm until today. Since Korea is relatively a new market compared to the EU, it can be risky for developers. The authors will introduce risk management best practices in the offshore wind industry applicable to the Korean environment. This paper will mainly introduce an offshore wind project size of 99 MW. The project is expecting a Finance Close (FC) in Q3 2022, so the project team has prepared a risk register with over 150 risks and levers throughout the project lifecycle. Overall risks include risks with Development Expenditure (DEVEX) impact, a Capital Expenditure (CAPEX) impact, and an Operating Expenditure (OPEX) impact. Based on the identified risks, a more qualitative assessment of Cost and Schedule Impact was conducted. In conclusion, a Monte Carlo simulation was performed to propose a quantitative risk assessment to evaluate a benchmark contingency of the project cost.

• Proceedings of the Korea Concrete Institute Conference
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• 2001.11a
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• pp.809-814
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• 2001

In this paper, dynamic properties of a bridge by traffic loads, is proposed as a reasonable method for the determining the impact factor. In addition, impact factors obtained from previous inspection reports were classified by the span length of the bridge, kind of the bridge and type of the bridge and adjusted the result of the impact factor by the statistical method and presented problems. Also, the determining method of the impact fatter using traffic load is proposed and compared the proposed method with the specification code. The method estimating the impact factor by the traffic loads can be efficiently concluded to the response of structure as reflecting the impact factor and saving the investigation cost. Also it is expected to use to maintenance of structures using the usual test of the bridge.

• Journal of the Korean Society of Manufacturing Technology Engineers
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• v.20 no.2
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• pp.169-173
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• 2011

Crash box is introduced to vehicle design to improve the impact performance and reduce the damage of vehicle body at impact speed. The crash box behind bumper can absorb impact energy effectively to improve vehicle safety. Repair cost at collision accident can be cut down by use of this box. The configuration of car body must be designed by considering the characteristic of material due to the deformation of car body happened at impact. Many papers have been published about material of crash box all over the world. The study of crash box with tube expansion type has been going on Korea. This study is done by the simulation analysis about front collisions against 5 kinds of aluminum crash boxes with the basic structure of square section.

• Transactions of the Korean Society of Automotive Engineers
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• v.12 no.1
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• pp.138-144
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• 2004

Occupant protection in the side impact of a vehicle becomes one of the most important issues today. So, to reduce development time and cost, it needs test equipment which conducts an accurate simulation of the side impact crash. This paper describes a new test method for side impact, which utilizes a standard 12inch-HYGE-type sled facility. If a side impact sled test can simulate vehicle intrusion very well, it will contribute to develop full-scale side impact crash performance. The newly developed sled test method enables simulation for dummy motion, injury, door velocity, trim crack, and vehicle structure to be accurate. Ant also this sled test method can be applied to the development of side air-bag.

• The Journal of Society for e-Business Studies
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• v.11 no.1
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• pp.91-112
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• 2006

Unlike typical corporate investments, IT expenditures have direct impact on many aspects of a business, including those that are difficult to quantify. Therefore, financial indicators alone do not do justice to the full effect of an If investment. Proposed in this paper is a methodology to measure the return on IT investments, including non-financial impacts expressed in terms of monetary values. This methodology shows tangible cost as well as hidden cost by analyzing total cost of ownership. The methodology also produces ROI by performing cost benefit analysis including financial and non-financial factors. This paper suggests a more objective validation of If's impact on the business activities. It rationalizes investment priorities and provides a systematic approach to effective IT investment.

• Transactions of the Korean Society of Automotive Engineers
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• v.13 no.2
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• pp.108-113
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• 2005

The damageability and repairability of similar platform type vehicles could be very concerned with design optimization. In all the vehicles crash tested, small size passenger vehicles were weakness in aspect of damageability and repairability. The most critical area appears to be repair cost considering that parts cost is the largest portion of total repair cost segments. Besides repair cost, attaching method of front sidemember and subframe are placed special importance for impact energy absorption and damageability and repairability. So in order to improve damageability and repairability of vehicle structure and body component of the monocoque type passenger vehicles, the end of front side member and front back beam should be designed with optimum level and to supply the end of front side member as a partial condition approx 300mm. The effectiveness of design concept on the 40% offset frontal impact characteristics of the passenger vehicle structure is investigated and summarized.

• Journal of the Korea Society for Simulation
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• v.20 no.2
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• pp.19-27
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• 2011

This study investigates impact of smoothed replenishment ordering policy on the performance measures such as lead time, order fulfillment ratio, and inventory cost. We consider a two-echelon supply chain: a single retailer orders using smoothed order up to replenishment policy and a manufacturer produces the retailer's orders on a make to order basis. Simulation result confirms that lead time from the manufacturer can be reduced by smoothed ordering policy as expected. However, smoothing orders may deteriorate the customer order fulfillment ratio and inventory cost in a retailer. We also observe that variance of manufacturing time contributes more than mean of manufacturing time to both order fulfillment ratio and inventory cost. Therefore, variability of upstream manufacturing time should be minimized.

• 제어로봇시스템학회:학술대회논문집
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• 1995.10a
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• pp.91-94
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• 1995

A newly developed discrete-time control design method for impact machines is proposed. It is composed of identification and control using neural networks, where the optimal controller with saturationn and no use of velocity measurements is obtained. By computer simulation, the proposed method is demonstrated to be effective: as the training progresses, the cost function becomes smaller, the proposed control is superior to PID control tuned with Ziegler-Nichols (Z-N) parameters; robust performance with respect to uncertainty, disturbances and working time is so good.

• Journal of Korean Society of Industrial and Systems Engineering
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• v.18 no.34
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• pp.161-172
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• 1995

The paper examines the cost analysis and economic evaluation for manufacturing system installation in a metal industry. The evaluation procedure is consist of four steps. 1) Attribute determination of manufacturing system 2) Cost Estimating 3) Alternative and Model determination of manufacturing system 4) Economic Analysis. The impact of manufacturing system installations on employment displacement and strategic benefit is discussed and suggested to make a coherent determination of company's objective.

• Journal of Korean Society for Quality Management
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• v.31 no.4
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• pp.1-18
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• 2003

Quality is a critical competitive factor in today's environment because of the impact of quality on costs and delivery. Many companies regard quality as a key concept of company strategy in order to achieve the competitive edge. Measuring and reporting quality cost is the first step in quality management program. The supposition of quality cost model is that investment in prevention activities will bring rewards from reduced failure costs, and that further investment in prevention activities will show profits from reduced appraisal costs. In this study, the degree of quality cost deviation is conceptualized. This means a deviation between the ideal and present ranking in the amounts of quality cost categories. This study analysed that the effect of its deviation on quality management activity and performance variables. However, there are no difference in these variables. The major reason is that most of companies are endeavoring for quality management but operating quality cost system unsystematically. The review against a prevention and appraisal activity is necessary.