• The Korean Journal of Applied Statistics
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• v.21 no.5
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• pp.775-781
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• 2008

The purpose of this paper is to analyse the key factors influencing the life insurance companies's competitiveness. Various performance variables differentiate this paper other existing studies employing a single performance variable. The business activity is divided into two categories, the underwriting activity and the investment activity. Each activity produces two performance, cost and profit performance. This study analyses the factors influencing four performance variables and suggests implications enforcing the life insurance companies' competitiveness based on the analysis. The results of this study are summarized as follows. Firstly, we find a statistically significant correlation between the cost performance in the under-writing activity and other performance variables. However, there in not a statistically significant correlation between the other three performance variables, the cost performance in the investment activity, the profit performance in the under-writing activity. Secondly, it is desirable to increase the selling of protection products for enforcing the competitiveness in respect of the cost performance. Finally, it is needed to increase the ratio of loans for enforcing the competitiveness in the area of the investment activity.

• Journal of the Korean Operations Research and Management Science Society
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• v.35 no.4
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• pp.33-53
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• 2010

When purchase prices of a raw material fluctuate over time, the total purchasing cost is mainly affected by reordering time. Existing researches focus on deciding the right time when the demand for each period is replenished at the lowest cost. However, the decision is based on expected future prices which usually turn out to include some error. This discrepancy between expected prices and actual prices deteriorates the performance of inventory models dealing with fluctuating purchase prices. In this paper, we propose a new inventory model which incorporates not only cost but also risk into making up a replenishment schedule to meet each period's demand. For each replenishment schedule, the risk is defined to be the variance of its total cost. By introducing the risk into the objective function, the variability of the total cost can be mitigated, and eventually more stable replenishment schedule will be obtained. According to experimental results from crude oil inventory management, the proposed model showed better performance over other models in respect of variability and cost.

• Proceedings of the Korean Institute of Building Construction Conference
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• 2016.05a
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• pp.237-238
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• 2016

Rework is a major cause that adversely affects the performance of a construction project, such as schedule delay or cost overrun. In order to prevent rework, research has been mainly conducted to analyze the cause of rework, but limited to quantitatively measure cost of rework and analyze its impact on project performance. Therefore, this paper aims to analyze impact of rework cost using 369 rework items collected from 3 construction site. This research is expected to accurately determine control target of rework and to improve efficiency of business operations in construction project.

• Proceedings of the Computational Structural Engineering Institute Conference
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• 1998.10a
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• pp.151-158
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• 1998

This paper presents an optimal decision model for minimizing the life-cycle cost of steel box girder bridges. The point is that it takes into account service life process as a whole, and the life-cycle costs include initial (design, testing, and construction) costs, maintenance costs and expected failure costs. The problem is formulated as that of minimization of expected total life-cycle cost with respect to the design variables. The optimal solution identifies those values of the decision variables that result in minimum expected total cost. The performance constraints in the form of flexural failure and shear failure are those specified in the design code. Based on extensive numerical investigations, it may be positively stated that the optimum design of steel box girder bridges based on life-cycle cost approach proposed in this study provides a lot more rational and economical design, and thus the proposed approach will propose the development of new concepts and design methodologies that may have important implications in the next generation performance-based design codes and standards.

• Proceedings of the Computational Structural Engineering Institute Conference
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• 1999.10a
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• pp.249-256
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• 1999

This study is intended to propose a systematic procedure for the development of the reliability-based seismic safety and cost-effective Performance criteria for design and upgrading of long span PC bridges. In the paper, a set of cost function models for life cycle cost analysis of bridges is proposed. The total life cycle cost functions consist of initial cost and direct/indirect damage costs considering repair/replacement costs, human losses and property damage costs, road user costs, and indirect regional economic losses. The damage costs are successfully expressed in terms of Park-Ang median global damage indices and damage probabilities. The proposed approach is successfully applied to model bridges in both regions of a moderate seismicity area like Seoul, Korea and a high one like Tokyo, Japan. It may be expected that the proposed approach can be effectively utilized for the development of cost-effective performance criteria for design and upgrading of various types of bridges as well as long span PC bridges.

• Journal of Environmental Science International
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• v.27 no.9
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• pp.803-807
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• 2018

This study evaluated the duck growth performance and the economic benefits on using illite as a feed additive for ducks. Illite powder at three levels (0%, 1%, and 1.5%) was added to commercial duck diets, and fed to 180 one-day-old ducks (Pekin, 3 replicates, 20 ducks per pen) using a randomized block design for 39 days. During the experimental period, there were no significant growth performance differences between treatments (p>0.05), except with the feed conversion ratio (p<0.05), for all periods (8-39 days). In addition, the dietary supplementation of 1% and 1.5% illite did not significantly improve (p>0.05) Feed Intake Cost (FIC), Weight Gain Value (WGV), Meat Production Cost (MPC), Economic Efficiency (EE), Profitability (P), or cost benefit ratio for 8 to 21 d, 22 to 39 d, and 8 to 39 d. However, the differences in meat production cost and profitability between treatments were statistically significant (p<0.05) for all periods (8-39 d). In conclusion, adding 1% and 1.5% illite to duck diets is not beneficial for improving either the duck growth performance or the economic indicators.

• Journal of Electrical Engineering and Technology
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• v.10 no.3
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• pp.1015-1024
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• 2015

This paper introduces a low cost, high efficiency, high performance three-phase unified power quality conditioner (UPQC) by using four-switch three-phase inverters (FSTPIs) and an extra capacitor in the shunt active power filter (APF) side of the UPQC. In the proposed UPQC, both shunt and series APFs are developed by using FSTPIs so that the number of switching devices is reduced from twelve to eight devices. In addition, by inserting an additional capacitor in series with the shunt APF, the DC-link voltage in the proposed UPQC can also be greatly reduced. As a result, the system cost and power loss of the proposed UPQC is significantly minimized thanks to the use of a smaller number of power switches with a lower rating voltage without degrading the compensation performance of the UPQC. Design of passive components for the proposed UPQC to achieve a good performance is presented in detail. In addition, comparisons on power loss, overall system efficiency, compensation performance between the proposed UPQC and the traditional one are also determined in this paper. Simulation and experimental studies are performed to verify the validity of the proposed topology.

• Journal of Advanced Engineering and Technology
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• v.11 no.4
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• pp.287-294
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• 2018

Since its introduction in Korea, design VE has widely been used as a means to enhance values in the construction industry. However, a greater emphasis is still placed on cost reduction in approach attitudes and performance evaluations on the implementation of design VE. In this regard, this study presented a performance evaluation method for cost, function, and value of VE proposals. Numerical criteria on the increase and decrease of cost and function that can classify the value enhancement type of VE proposals were proposed based on the performance evaluation method. It is expected that the use of numerical criteria for the type classification of VE proposal, and cost and performance evaluation method proposed in this study will make it possible to conduct a clear and more intuitive evaluation of VE proposal. However, it is appropriate to use the numerical criteria as a guideline to apply the new performance evaluation method for VE proposals. Therefore, it is necessary to conduct a statistical analysis with a wider range of users after the repeated application of the findings of this study, and thus to carry out research for presenting the numerical criteria for various types of users.

• Journal of the Korean Society for Geothermal and Hydrothermal Energy
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• v.18 no.4
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• pp.45-57
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• 2022

The Ministry of National Defense of the Republic of Korea is showing a lot of interest in net zero-energy buildings (NZEBs) to reduce energy consumption of military facilities and to promote green growth policy in military sector. The application of building passive technologies and renewable energies is essential to achieving NZEBs. This paper analyzed energy performance and energy cost on the conventional heating and cooling system (baseline scenario) and three different alternative scenarios (ALT 1, ALT 2 and ALT 3) applied in a hypothetical military building. A building modeling and simulation software (DesignBuilder V6.1) with EnergyPlus calculation engine was used to calculate the energy consumption for each scenario. Overall, when the GSHPs are applied to both space airconditioning and domestic hot water (DHW) production, Alt-2 and Alt-3, the amount of energy consumption for target building can be greatly reduced. In addition, when the building envelope performance is increased like Alt-3, the energy consumption can be further reduced. The annual energy cost analysis showed that the baseline was approximately 161 million KRW, while Alt-3 was approximately 33 million KRW. Therefore, it was analyzed that the initial construction cost increase could be recovered within about 6.7 years for ALT 3. The results of this study can help decision-makers to determine the optimal strategy for implementing GSHP systems in military buildings through energy performance and initial construction cost assessment.

• Earthquakes and Structures
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• v.21 no.5
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• pp.489-503
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• 2021

This research aims to investigate the seismic response of RC shear wall buildings of 5-, 6-, 7-, 8-, 9-, and 10-story designed as conventional and ductile and located in moderate seismic zone in Saudi Arabia in accordance with the seismic provisions of the American code ASCE-7-16. Dynamic analysis is conducted using the developed models in ETABS and the design spectra of the selected zone. The seismic responses of a number of design variations are evaluated in terms of story displacements, drift, shear and moments of both conventional and ductile building models as performance measures and presented comparatively. In addition, pushover analysis is also performed for the lowest and highest building models. Cost estimate of ductile and conventional walls is evaluated and compared to each other in terms of weight of reinforcement bars. In addition, due to the complexity of design and installation of ductile shear walls, sensitivity analysis is performed as well. It is observed that conventional design considerably increases induced seismic responses as well as cost compared to ductile one.