• Title/Summary/Keyword: Interest as a Cost

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An Overview of Techniques in Enzyme Immobilization

  • Nguyen, Hoang Hiep;Kim, Moonil
    • Applied Science and Convergence Technology
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    • v.26 no.6
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    • pp.157-163
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    • 2017
  • Immobilized enzymes have become the subject of considerable interest due to their excellent functional properties such as reusability, cost-effectiveness, and optimality during the past decades. Enzyme immobilization technology is not only used in industrial processes, but also a component technology of products for medical diagnostics, therapy, food industry, bio energy, and biomaterial detection. In this review, new methods for enzyme immobilization are introduced, and the advantages and disadvantages of a variety of techniques in enzyme immobilization will be also discussed.

A Sensitivity Analysis of the Optimal Inventory Control for a Vertically Integrated Supply Chain (수직적으로 통합된 공급사슬을 위한 최적 재고 정책의 민감도 분석)

  • Kim, Engab
    • Journal of Korean Institute of Industrial Engineers
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    • v.30 no.3
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    • pp.197-204
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    • 2004
  • This paper deals with a supply chain with a company and its contractor that produces products by the OEM contract with the company. The supply chain of interest has two distinct features. First, the company is the supplier of raw material required in the production at the contractor. Second, the company and its contractor make a delivery shipment arrangement that the replenishment lead time is determined depending on demand process. We show that the optimal inventory policy is monotonically changed as either the replenishment setup cost or inventory holding cost becomes increased or decreased. We also present asymptotic properties of the optimal inventory policy when either the number of outstanding customer orders or the inventory level becomes very large.

Economic Analysis of Power Plant Utilities Under $CO_2$ Emission Tax (탄소세(炭素稅)를 고려한 화력발전 설비간의 경제성 평가)

  • Kim, Ji-Soo;Lee, Byoung-Nam;Kim, Tae-Jin
    • IE interfaces
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    • v.10 no.1
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    • pp.237-248
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    • 1997
  • The purpose of this study is to make an economic analysis of power plant utilities by examining electricity generating costs with environmental consideration. Economic growth has caused pollutant emission, and subsequent environmental pollution has been identified as a very real limit to sustainable development. Considering the enormous role of electricity in the national economy, it is thus very important to study the effect of environmental regulations on the electricity sector. Because power utilities need large investments during construction, operation and maintenance, and also require much construction lead time. Economic analysis is the very important process in the electric system expansion planning. In this study, the levelized generation cost method is used in comparing economic analysis of power plant utilities. Among the pollutants discharged of the electricity sector, this study principally deals with the control activities related only to $CO_2$, and $NO_2$, since the control cost of $SO_2$, and TSP (Total Suspended Particulates) is already included in the construction cost of utilities. The cost of electricity generation in a coal-fired power plant is compared with one in an LNG combined cycle power plant. Moreover this study surveys the sensitivity of fuel price, interest rate and carbon tax. In each case, this sensitivity can help to decide which utility is economically justified in the circumstance of environmental regulations.

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Commercial fishery assessment of Malaysian water offshore structure

  • Mohd, Mohd Hairil;Thiyahuddin, Mohd Izzat Mohd;Rahman, Mohd Asamudin A;Hong, Tan Chun;Siang, Hii Yii;Othman, Nor Adlina;Rahman, Azam Abdul;Rahman, Ahmad Rizal Abdul;Fitriadhy, Ahmad
    • Fisheries and Aquatic Sciences
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    • v.25 no.9
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    • pp.473-488
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    • 2022
  • To have a better understanding of the impact of the PETRONAS oil and gas platform on commercial fisheries activities, Universiti Malaysia Terengganu (UMT) examined two approaches which are data collection from satellite and data collection from fishermen and anglers. By profiling the anglers who utilize reefed oil and gas structures for fishing, it can determine if the design and location of the reef platforms will benefit or negatively impacts those anglers and fisherman. Furthermore, this assessment will be contributing to the knowledge regarding the value of offshore oil and gas platforms as fisheries resources. Collectively, the apparent fishing activity data included, combined with the findings in the reefing viability index will help to inform PETRONAS's future decommissioning decisions and may help determine if the design and proposed locations for future rigs-to-reefs candidates would benefit commercial fishing groups, further qualifying them as appropriate artificial reef candidates. The method applied in this study is approaching by using a data satellite known as Google's Global Fishing Watch technology, which is one of the applications to measure commercial fishing efforts around the globe. The apparent commercial fishing effort around the selected twelve PETRONAS platforms was analyzed from January 2012 to December 2018. Using the data collection from fishermen which is the total estimation of commercial fish value cost (in Malaysia ringgit, MYR [RM]) in Peninsular Malaysia Asset, Sabah Asset, and Sarawak Operation region. The data were extracted every month from 2016 to 2018 from the National Oceanic and Atmospheric Administration database. Most of the selected platforms that show a high frequency of vessels around the year are platform KP-A, platform BG-A and platform PL-B. The estimated values of commercial fishes varied between platforms, with ranged from RM 10,209.92 to RM 89,023.78. Thus, platforms with high commercial fish value are selected for reefing in-situ and will serve multi-purposes and benefit the locals as well as the country. The current study has successfully assessed the potential reefing area of the Malaysian offshore environment with greater representativeness and this paper focused on its potential as a new fishing ground.

Performance and Cost Analysis of Supply Chain Models

  • Bause, F.;Fischer, M.;Kemper, P.;Volker, M.
    • Proceedings of the Korea Society for Simulation Conference
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    • 2001.10a
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    • pp.425-434
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    • 2001
  • In this paper we introduce a general framework for the modeling, analysis and costing of logistic networks including supply chains (SCs). The employed modeling notation, the so-called Process Chain paradigm, is specifically developed for the application field of logistic networks which includes SCs. We view SCs as discrete event dynamic systems (DEDS) and apply corresponding simulative techniques in order to derive performance measures of the Process Chain model under investigation. For this purpose Process Chain models are automatically transformed into the input language of the simulation tool HIT. Subsequently, a cost accounting model using the performance measures is applied to obtain costs which are actually subject of interest. The usefulness and applicability of the approach is illustrated by a typical supply chain example. We investigate the impact of an additional SC channel between a manufacturer and web-consumers on the overall supply chain costs.

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Reliability-Centered Maintenance Model for Maintenance of Electric Power Distribution System Equipment (배전계통 기기 유지보수를 위한 RCM 모델)

  • Moon, Jong-Fil;Shon, Jin-Geun
    • The Transactions of the Korean Institute of Electrical Engineers P
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    • v.58 no.4
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    • pp.410-415
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    • 2009
  • With the implementation of electric power industry reform, the utilities are looking for effective ways to improve the economic efficiency. One area in particular, the equipment maintenance, is being scrutinized for reducing costs while keeping a reasonable level of the reliability in the overall system. Here the conventional RCM requires the tradeoff between the upfront maintenance costs and the potential costs of losing loads. In this paper we describe the issues related to applying so-called the "Reliability-centered Maintenance" (RCM) method in managing electric power distribution equipment. The RCM method is especially useful as it explicitly incorporates the cost-tradeoff of interest, i.e. the upfront maintenance costs and the potential interruption costs, in determining which equipment to be maintained and how often. In comparison, the "Time-based Maintenance" (TBM) method, the traditional method widely used, only takes the lifetime of equipment into consideration. In this paper, the modified Markov model for maintenance is developed. First, the existing Markov model for maintenance is explained and analyzed about transformer and circuit breaker, so on. Second, developed model is introduced and described. This model has two different points compared with existing model: TVFR and nonlinear customer interruption cost (CIC). That is, normal stage at the middle of bathtub curve has not CFR but the gradual increasing failure rate and the unit cost of CIC is increasing as the interruption time is increasing. The results of case studies represent the optimal maintenance interval to maintain the equipment with minimum costs. A numerical example is presented for illustration purposes.

EXPLORING THE CHALLENGES TO USAGE OF BUILDING CONSTURCTION COST INDICES GHANA

  • Osei-Tutu, E;Adobor, C.D;Kissi, E.;Osei-Tutu, S.;Adjei-Kumi, T.
    • International conference on construction engineering and project management
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    • 2017.10a
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    • pp.313-320
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    • 2017
  • Price fluctuation contract is imperative and of paramount essence in the construction industry as it provides adequate relief and cushioning for changes in the prices of input resources during construction. As a result, several methods have been devised to better help in arriving at fair recompense in the event of price chang es. However, stakeholders often appear not to be satisfied with the existing methods of fluctuation evaluation, ostensibly because of the challenges associated with them. The aim of this study was to identify the challenges to usage of building construction cost indices in Ghana. Data was gathered from contractors and quantity surveying firms. The study utilized survey questionnaire approach to elicit responses from the contractors and the consultants. Data gathered was analyzed scientifically, using the Relative Importance Index (RII) to rank the problems associated with the existing methods. The findings revealed the following among others; late release of data; inadequate recovery of costs; and work items of interest not included in the published indices as the main challenges of the existing methods. This study will provide useful lessons for policy makers and practitioners in decision making towards the usage and improvement of available indices.

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A Study on the Inventory Cost Estimation Criteria Considering Supply Chain Characteristics of a Electronic Product Manufacturer (전자제품 제조사 관점에서의 공급사슬 특성을 고려한 재고비용 산정 기준의 제시)

  • Nam, Jung-Hoon;Hwang, Seung-June
    • Journal of Korean Society of Industrial and Systems Engineering
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    • v.39 no.4
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    • pp.15-25
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    • 2016
  • SCM activities in a company are considered as total innovation through synchronizing supply and demand while maintaining appropriate inventory level and reducing the business operating costs. Until now, even several researches are carried out on the SCM performance of the companies which have introduced and been operating SCM, the research on the cost analysis for the inventory which occurs frequently on supply chain is still insufficient. Especially, for the electronics industry in which the product depreciation is sharp caused by the short product life cycle and the complexity of distribution channels, even the inventory related costs are a major factor in business management, since the current estimated criteria of inventory costs are limited to the interest and maintenance management costs, the criteria do not reflect the total influence of the product depreciation and lost opportunity cost which are related to the business management. Furthermore, even though the rapid price drops of the distributor inventory caused by the frequent new model launch can be covered by the product manufacturers, the scale of total costs related to the inventory has not been conceived because the price compensation is traditionally considered as a market costs. In this research, we analyzed the inventory characteristics of electronics industry in which the price depreciation happens frequently, newly defining the estimated criteria of the product total inventory cost which includes price depreciation from the product manufacturers' view. Finally we focus on the case study of a representative electronics company and verify the scale of the influence on management performance.

Advisable Direction of Sensitivity-Quality Factors on Railroad Sector (철도분야의 감성품질 요소 정립방향)

  • Song, Min-Ho;Park, Jae-Hyun;Kwon, Sun-Bak;Song, Yong-Su
    • Proceedings of the KSR Conference
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    • 2011.10a
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    • pp.2250-2255
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    • 2011
  • There has been a growing interest toward railroad conjunction with opening of high-speed rail in 2004 and concurrent implementation of nation's green growth policies. Meanwhile, users' expectation on service of public transportation, especially railroad has been growing than since ever due to heightened quality of life, entering aging society, voice of equity for minorities, and greater interest in environments of communities. In order to come up with the expectations, actual improvements for user's convenience/comfort and its assessment strategies in terms of service quality level are necessary. This study defines the index of this aspect of service level as 'Sensitivity Quality'. This is conceived as one of the important factors to define travel cost as do the travel time and fare, but hardly taken into consideration when assessing a transportation system or policy-making for a transportation project. The elements included for the assessment of the sensitivity quality in this study are feeling of a ride, conformability and convenience what users feel and recognize using a train. This paper suggests that establishing sensitivity quality elements would contribute in foundation of assessing service quality and provide improved public transportation services through their scientific and objective development and management.

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Estimation of the continuity of inclined pits by tunnel channel wave investigation (터널 채널파를 이용한 사갱 연장성 규명)

  • 김중열;방기문;정현기
    • Proceedings of the Korean Geotechical Society Conference
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    • 2002.03a
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    • pp.229-236
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    • 2002
  • In this paper, a new novel technique of seismic survey is introduced to estimate the continuity of inclined pits filled with water, It was assumed that the pits would be connected to an abandoned railway tunnel that might be constructed in the past. Thus, detection of pit end was needed for the design of a new highway tunnel(Yukshimreong tunnel) that was likely to be met with a pit. In the beginning of exploration, no reliable, cost effective method was available. Hence, focus of interest moved toward the high impedance contrast(reflection coefficient k∼0.8) between water and rock. In this special model of sequence rock-water-rock, total reflection occurs and the seismic energy, when it is generated in the pit water, is nearly confined to the pit so that seismic waves can propagate much further within the pit. As a matter of convenience, this is called“tunnel channel wave”. With these considerations in mind, seismic detonator(2g) was used as a source at the entrance of pit, whereas hydrophone chain(hydrophone interval=1m) was placed on the bottom of pit. With this appropriate source-receiver arrangement, desirable down-going and up-going waves could be observed that will help conform the continuity of pits. After about one year, it was ascertained that the inclined pit of interest was just nearby crossed with the newly excavated tunnel, as it was predicted.

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