• Title/Summary/Keyword: Expected Total Cost

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A STUDY ON THE LIFE-CYCLE FOR SELECTING A GRATING

  • Yun-Sik Kim;Dong-Wan Kang;Taehoon Hong;Chang-Taek Hyun
    • International conference on construction engineering and project management
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    • 2009.05a
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    • pp.1189-1194
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    • 2009
  • A gutter-shaped U grating is a facility that is installed at the sides of a road to provide pedestrians with a rainwater-free road. The previous studies on this facility focused mainly on the progress of the efforts that are being made to improve its performance and interception efficiency so as to prevent damages in regional areas due to the heavy rains caused by climate change. The studies on its maintenance, however, are still inadequate. Therefore, this study was conducted to analyze and compare the life cycle costs and performance evaluations of the steel and magic gratings, which are installed in apartments. The results of the study show that the replacement period and rate of gratings differ depending on where they are installed. The initial capital investment cost of a magic grating installed at a road where many vehicles pass is quite high, but in terms of its maintenance and entire-life-cycle costs, its total expenses are lower than those of a steel grating. The results of this study are expected to serve as preliminary data for the selection of an adequate grating that is suitable for particular places in the design phase of construction projects.

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Application of Activity-Based Costing (ABC) to Restaurant Menu Costing (활동기준원가계산법을 이용한 외식업소 메뉴 원가 산출)

  • Lee, Bong-Shik;Choi, Mi-Kyung;Shin, Seo-Young
    • Korean journal of food and cookery science
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    • v.23 no.1 s.97
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    • pp.90-98
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    • 2007
  • The purpose of this study was to apply the activity-based costing (ABC) model to restaurant menu costing. The overhead cast of six entr${\acute{e}}$es in XYZ restaurant was calculated for all levels of activity. When comparing activity-based costing with traditional costing applied to BBQ pork rib and an assorted seafood platter, the total difference of costs between two items was 2,191 won in activity-based costing and 600 won in traditional costing. The average food cast percentage of the six entr${\acute{e}}$es was 27% using traditional costing, while the average activity-based cost percentage was 40%. Therefore, there was a 13% difference between the actual margin volume and the expected margin volume. The application of activity-based costing to the restaurant industry would be a milestone from a cost point of view as well as from a process point of view. In particular, the limitation that traditional costing only accounts for food costs could be overcome b considering the overhead cost as an important part of the cast structure. Furthermore, activity-based costing would not only help to reduce the costs associated with the process of analyzing the activities but it would also provide more accurate cost information for menu pricing.

The Life Cycle Cost Optimization Methodology as a Tool for Designing Apartment Units (공동주택 단위세대의 생애 비용 최적화 방법론 연구)

  • Park Tae Keun
    • Korean Journal of Construction Engineering and Management
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    • v.1 no.1 s.1
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    • pp.80-86
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    • 2000
  • The future costs of energy and the cost of the repair of apartment buildings are expected to rise continuously in proportion to the initial costs. Therefore it has become important for these increasing costs to be incorporated and reflected in the design of the building. Systems such as structure and services for the buildings remain constant, but a number of the walls and windows can vary and thus have a major influence on the total construction and running costs of a building. The critical factor in the apartment unit design for the optimization of life cycle cost (LCC) is the ratio of the x and y axis of the walls in the unit plan. This paper demonstrates how to achieve the optimal size and thus optimize the LCC of the building.

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Muti-Objective Design Optimization of Self-Compacting Concrete using CCD Experimental Design and Weighted Multiple Objectives Considering Cost-Effectiveness (비용효율을 고려한 자기 충전형 콘크리트의 CCD 실험설계법 및 가중 다목적성 기반 다목적설계최적화(MODO))

  • Do, Jeongyun
    • Journal of the Korea institute for structural maintenance and inspection
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    • v.24 no.3
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    • pp.26-38
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    • 2020
  • Mixture design of self-compacting concrete is a typical multi-criteria decision making problem and conventional mixture designs are based on the low level engineering method like trials and errors through iteration method to satisfy the various requirements. This study concerns with performing the straightforward multiobjective design optimization of economic SCC mixture considering relative importances of the various requirements and cost-effectives of SCC. Total five requirements of 28day compressive strength, filling ability, segregation stability, material cost and mass were taken into consideration to prepare the objective function to be formulated in form of the weighted-multiobjective mixture design optimization problem. Economic SCC mixture computational design can be given in a rational way which considering material costs and the relative importances of the requiremets and from the result of this study it is expected that the development of SCC mixtue computational design and the consequent univeral concrete material design optimization methodology can be advanced.

A Process Mean Shift Model Considering The Increasing Maintenance Cost and The Decreasing Production Volume (보전비용 증가와 생산량 감소를 고려한 공정평균이동 모형)

  • Lee, Do-Kyung
    • Journal of Convergence for Information Technology
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    • v.11 no.3
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    • pp.125-131
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    • 2021
  • The problem of determining the maintenance point which minimizes the process-related total cost is called the 'process mean shift problem'. By expanding and integrating the existing maintenance models that have been partially progressed, we present a expanded and integrated maintenance model which reflects the production site where various situations occur. To implement this, we set both the upper and lower limits of the product specification, and adopted the quality loss function for conforming items. Also, we set the process variance of the wear level as a function rather than a constant. In this study, we developed two general functions to the wear level. One is about the production volume and the other is maintenance cost. As a result, this study is expected to be a maintenance model that can be applied to various processes. In the future, this study can be developed as a profit maximization model by adding profit items from product sales, and expansion to a maintenance model that introduces failure to the model of this study can be considered.

Performance of Occupational Health Services by Type of Service : Cost Benefit Analysis (사업장 보건관리 사업의 형태별 수행성과 분석 -비용편익 분석을 중심으로-)

  • Cho, Tong Ran;Kim, Hwa Joong
    • Korean Journal of Occupational Health Nursing
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    • v.4
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    • pp.5-29
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    • 1995
  • Occupational health services in Korea have been operated as dual types : one is operated by occupational health care manager and the other is health care agency without their own personnel. The performance of occupational health service should be different due to the variety of characteristics of health care manager and workplace, qualification of health care manager. This study is to analyze performance of occupational health care services with a particular consideration of job performance shape and efficiency, based on comparing those two types of health care management to show on the basic data for the settlement of more qualitative health care management system at workplace. For this study, total 391 places in Seoul and Inchon city area ; 154 places (39.4%) managed by designated health care manager and 237 places (60.6%) by the agency with their commission are selected as research samples. Tools for data collection are questionnares that have been investigated during the period of 20 September 1993-20 December 1993. Those data are compared with percentiles, mean, standard deviation and B/C ratio using SPSS PC program. Conclusions observed from the tests and each comparison could be summerized as follows : 1. Occupational health care have been accomplished at workplaces with designated people than with agencies people, and coverage rate of the occupational health care services has differences, due to management types. The reason of these results is due to visit only one or two times monthly by the agencies, while their own health care manager obsess, at the workplaces all the times. 2. Most of the expense for environmental control of all health care services expenditures shows that there is almost no fundamental improvement because more expenses are needed for procuring personal protective equipment and measuring work environment instead of environmental improvement. 3. It is investigated how much the cost of occupational health care services needs per worker, and calculated how much the cost needs per service hour per worker. The results from this show that the cost of occupational health services at workplaces with their own managers used less than the cost of health care agencies, eventually the former gives better services with less cost than the latter. 4. Benefit/Cost ratio is also produced by total benefit/total cost. The result from the above way reads 4.57 as a whole, while their own manager having workplaces reads 4.82 and the agencies do l.56. Even if their own manager performing workplaces spent more cost, this system produces more benefit than the agencies management. 5. The B/C ratio for medical organization such as local clinic, health care center and pharmacy shows more than or equal to at the workplaces controlled by the agencies. It is inferred that benefit would be much less than the cost used, with so being inefficient. 6. It is assumed that the efficiency ratio of health education is equal to reduction rate of workers medical organization visit. Estimated reduction rate 5%, 10%, 15%, show that the efficiency ratio of health education have an effect on producing benefits. It is estimated that more benefit can be produced if more qualitative education will be provided for enhancing health care efficiency. 7. Results of this study cannot be generalized because there are large scale of deviation in case of workplaces with less than 300 full time workers, but B/C ratio reads 2.69 as a whole and 3.25 at workplaces with their own health care manager are higher than 1.63 at the workplaces manged by the agencies. Finally, all the benefit concerning health care services could not be quantified, measured and shown on the value of money. This is a reason that a considerable part of benefits are so underestimated. This is also thought that measurement tools should be developed for measuring benefits of health care services with a comprehensive quantification. in the future. It is also expected that efficiency of occupational health care services should be investigated using cost-effectiveness analysis.

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Estimation of the Expected Socio-economic Benefits of the Largescale Comprehensive Agricultural Development Project and Jointcost Allocation -In the Case of Kumgang Project Area- (대단위 농업종합개발사업의 사회경제적 기대편익 추정과 결합비용의 배분 -금강지구를 중심으로-)

  • Lim, Jae Hwan
    • Korean Journal of Agricultural Science
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    • v.23 no.1
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    • pp.159-176
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    • 1996
  • This study is aimed at reviewing the methods of joint cost allocation and allocating the joint cost of estuary dam with specially repect to Kumgang Large-scale Agricultural Comprehensive Development Project. Apart from the water resource development project propelled by Water Resource Development Corporation in connection with Law of Multipurpose Dam Development, the Largescale Comprehensive Agricultural Development Projects couldn't ins-titutionally be carried out cost allocation of common facilities, even though it were concerned with irrigation, municipal and industrical water supply, flood control, sightseeing and industrial zone development components. To decrease farmer's burden of the project costs and, operation and maintenance costs, the joint costs of common facilities like estuary dam included in agricultural development projects have to be allocated by suitable method as alternative cost-remaining benefit method and the analytical activity should be supported by revising the concerned laws as Rural Development and Promotion and, Rural Rearrangement conpatible with the law for multipurpose dam development. Kumgang Agricultural Comprehensive Development Project was selected as a case study for the estimation of socio-economic benefits by project components and joint cost allocation of the estuary dam. The main results of the study are as follows; Joint cost allocation and unit charges by components 1. The project area will be 25,554ha with total project cost of 624,860 million won including the estuary dam cost of 120,843 million won. The project costs were ex-pressed by 1994 constant price. 2. Total quantity of water was estimated 365 million tons which were consisted of 245 million tons for irrigation, 73 million tons for municipal water and 47 million tons for industrial water. 3. The rates of joint cost allocation were amounted to 34.2% for agriculture, 2.5% for sightseeing, 45.7% for transportation, 11.8% for M & I water supply and 5.8% for flood control respectively. 4. The unit financial charges by project components were estimated at 7.88 won per ton for irrigation, 16.11won for M & I water, 1,686won per vehicle one pass, 977won per Pyeong according to the capital recovery method. The financial charges using straitline method for depreciation were estimated at 7.88won per ton for irrigation, 9.12won per ton for M & I water, 624won per vehicle one pass for transportation and 331won per Pyeong for sightseeing area. 5. The unit economic charges by project components were estimated at 21.1 won per ton for irrigation, 15.2won for M & I water, 977won per vehicle one pass, 977won per Pyeong according to the capital recovery method. The economic charges using straitline method for depreciation were estimated at 11.72won per ton for irrigation, 8.61won per ton for M & I water, 331won per vehicle one pass for transportation. Policy recommendation 1. The unit operation and maintenance costs for irrigation water in the paddy field couldn't be imposed as the water resource cost untreated. 2. The dam costs including investment cost and O & M cost, as a joint cost, had to be allocated by each benefited components as transportation, M & I water supply, flood control, irrigation and drainage, and sightseeing. But the agricultural comprehensive project have been dealt as an irrigation project without any appraisal socio-economic benefits and any allocating the joint cost of estuary dam. 3. All the associated project benefits and costs must be evaluated based on accounting principle and rent recovery rate of the project costs and O & M costs should be regulated by the laws concerned. 4. The rural development and promotion law and rural rearrangement law have to be revised comprising joint cost allocation considering free rider problems. 5. The government subsidy for the agricultural base development project has to be covered all the project costs. In case of common facilities representing joint cost allocation problems, all the allocated casts for other purposes like transportation and M & I water supply etc. should be recovered for formation in investment fund for agricultural base development and to procure O & M costs for irrigation facilities.

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Development of Load Factors-Based Analysis Model of Optimum Reliability (하중계수에 기초한 최적신뢰성의 해석모델 개발)

  • 이증반;신형우
    • Computational Structural Engineering
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    • v.5 no.4
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    • pp.113-124
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    • 1992
  • This study proposes a Load Factors-based Analysis Model of Optimum Reliability for the High way bridge, which is most common type of structural design, and also proposes the theoretical bases of optimum nominal safety factors as well as optimum load and resistance factors based on the expected total cost minimization. Major 2nd moment reliability analysis and design theories including both MFOSM(Mean First Order 2nd Moment) Methods and AFOSM(Advanced First Order 2nd Moment) Methods are summarized and compared, and it has been found that Lind-Hasofer's approximate and an approximate Log-normal type reliability for mula are well suited for the proposed optimum reliability study.

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A Study on the Variation of Air Pollutants Emission Rates for Different Traffic Signal System in Metropolitan Area (대도시 교통신호시스템에 따른 대기오염물질 배출량 변화에 관한 연구)

  • 홍민선;우완기;최종인
    • Journal of Korean Society for Atmospheric Environment
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    • v.9 no.1
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    • pp.93-100
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    • 1993
  • This study was carried out to investigate the relationship between the traffic signal systmes and the air pollutants emitted by the motor vehicles at Kangnam Intersection. One of the most important measures of effectiveness (MOE) in traffic studies is the delay to vehicles in the system. Delay represents indirect costs to the motorist in terms of time loss and a direct cost in terms of fuel consumption during idling. The results of TRANSYT-7F modeling was correlated among delay, fuel consumption and total travel tiem. Air pollutants emission rate can be calculated by the results of modeling and the Korean type emission factor. As expected the highest emissions, for air pollutants, are observed during the morning rush hours (07 : 00-10 : 00). For better results of modeling, the TRANSYT-7F model needs to modify for the Korean type of traffic model. The results of this study indicate that the variation of air pollutants emission rates were closely related to the traffic signal system.

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A Continuous Review(s, S) Inventory Model in which Depletion is Due to Demand and Loss of Units

  • Choi, Jin-Yeong;Kim, Man-Sik
    • Journal of Korean Institute of Industrial Engineers
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    • v.11 no.1
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    • pp.33-39
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    • 1985
  • A stochastic model for an inventory system in which depletion of stock takes place due to random demand as well as random loss of items is studied under the assumption that the intervals between successive unit demands, as well as those between successive unit losses are independently and identically distributed random variables having negative exponential distribution with respective parameters. We have derived the steady state probability distribution of the stock level assuming instantaneous delivery of order under (s, S) inventory policy. Also we have derived total expected cost expression and the necessary conditions to be satisfied for an optimal solution.

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