• 제목/요약/키워드: Investment Cycle

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A study on Separation rate of Food Service employees in Korea (한국 외식산업 종사자의 이직률에 관한 연구)

  • 추상용
    • Culinary science and hospitality research
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    • v.4
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    • pp.317-345
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    • 1998
  • According to this study, Korean food department rather than Western food department and business department rather than food & beverage department is more separated with the greater difference. It is surveyed that the main reason to separate from food service is dissatisfaction to wage followed by six reasons. In the light of management the separation of employees gives management a positive aspect, but the separation of necessary employees bring about a big problem. That the separation rate of food service industry which greatly depends on personal service is high causes many bottleneck to development of food service industry. If the saparation rate of employees is high, it is difficult to maintain consistency of service quality. It is impossible to think that immature service new employee gives customer strong impression. Subsequently the spending of time and cost to train new employees and management reproaching supervisors makes morale of employees dropped. That is why the very this influences selling. To improve the vicious cycle of that serve absence in food service Operators of food service industry should be escaped from their fixed ideas. It is time to need management consciousness which wants to have real content rather than external growth. It is revealed that more than 80% of investment of most of food service industry goes to facility investment. A part of the investment cost should be invested to foster professional manpower. And if employees can have owner consciousness by continuous support and positive investment in training which can give real intention to their lives and vocational pride, it is believed that the future of food service industry in Korea is promising.

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MODEL-BASED LIFE CYCLE COST AND ASSESSMENT TOOL FOR SUSTAINABLE BUILDING DESIGN DECISION

  • Iris X. Han;W. Zhou;Llewellyn C.M. Tang
    • International conference on construction engineering and project management
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    • 2011.02a
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    • pp.311-317
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    • 2011
  • There is a growing concern in reducing greenhouse gas emissions all over the world. The U.K. has set 34% target reduction of emission before 2020 and 80% before 2050 compared to 1990 recently in Post Copenhagen Report on Climate Change. In practise, Life Cycle Cost (LCC) and Life Cycle Assessment (LCA) tools have been introduced to construction industry in order to achieve this such as. However, there is clear a disconnection between costs and environmental impacts over the life cycle of a built asset when using these two tools. Besides, the changes in Information and Communication Technologies (ICTs) lead to a change in the way information is represented, in particular, information is being fed more easily and distributed more quickly to different stakeholders by the use of tool such as the Building Information Modelling (BIM), with little consideration on incorporating LCC and LCA and their maximised usage within the BIM environment. The aim of this paper is to propose the development of a model-based LCC and LCA tool in order to provide sustainable building design decisions for clients, architects and quantity surveyors, by then an optimal investment decision can be made by studying the trade-off between costs and environmental impacts. An application framework is also proposed finally as the future work that shows how the proposed model can be incorporated into the BIM environment in practise.

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Economic Feasibility of Various HVAC Systems for Commercial Building and Comparison of Energy Tariffs between Korea and USA (업무시설용 건물 적용 복합 지열원 공조시스템의 경제성 평가 및 한미 요금 비교)

  • Koh, Jae-Yoon;Park, Yool;Seo, Dong-Hyun
    • Korean Journal of Air-Conditioning and Refrigeration Engineering
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    • v.20 no.9
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    • pp.599-607
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    • 2008
  • In this study, air conditioning systems include ground source heat pump (GSHP), are evaluated for economic feasibility. The building is modeled an air conditioned for 280kW scale. This analysis is compared with the energy tariff programs of Korea and USA. The objectives of this paper are to evaluate the cost-effectiveness of the GSHP and combined system using Life-Cycle Cost (LCC) analysis, and to carry out the sensitivity analysis of key parameters. The paper considered the cases including the base case of air source heat pump and the other two alternates for comparisons. The combined system is not only a cost-effective way to the low energy consumption but also a way to avoid a high initial investment. The variations of initial investment and energy rates give a significant effect on the total LCC and payback period.

Current Problems of Derelict Fishing Gear and Systematic Management Directions (폐어구 발생 실태 및 체계적 관리 방향)

  • LEE, Jung-Sam;KIM, Dae-Young
    • Journal of Fisheries and Marine Sciences Education
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    • v.28 no.4
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    • pp.1014-1023
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    • 2016
  • The purpose of this study is to suggest improvement directions and strategies for the minimization of ex-post damage and prevention of the generation of derelict fishing gear which lead to decreased fisheries resources and deteriorated marine ecosystem through ghost fishing and damaging spawning and growth grounds. Current problems related to derelict fishing gear in Korea are lack of reliable data on the generation amount of derelict fishing gear, absence of life-cycle monitoring and management system, insufficient supports for derelict fishing gear collection programs and R&D investment in environmentally friendly fishing gear, etc. Thus, this study suggests three basic improvement directions to prevent the generation and minimize the damage of derelict fishing gear. Such improvement directions contain more detailed strategies such as establishment of fishing gear management law and life-cycle management system, strengthening entry regulations on fisheries causing serious ghost fishing problems, increased supports for R&D investment and dissemination of bio-degradable fishing nets, and promotion of voluntary agreements among competing fishermen's groups.

A Study on Periodic Review Inventory System under Stochastic Budget Constraint (확률적 예산 제약을 고려한 주기적 재고관리 정책에 대한 연구)

  • Lee, Chang-Yong;Lee, Dongju
    • Journal of Korean Society of Industrial and Systems Engineering
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    • v.37 no.1
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    • pp.165-171
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    • 2014
  • We develop an optimization algorithm for a periodic review inventory system under a stochastic budget constraint. While most conventional studies on the periodic review inventory system consider a simple budget limit in terms of the inventory investment being less than a fixed budget, this study adopts more realistic assumption in that purchasing costs are paid at the time an order is arrived. Therefore, probability is employed to express the budget constraint. That is, the probability of total inventory investment to be less than budget must be greater than a certain value assuming that purchasing costs are paid at the time an order is arrived. We express the budget constraint in terms of the Lagrange multiplier and suggest a numerical method to obtain optional values of the cycle time and the safety factor to the system. We also perform the sensitivity analysis in order to investigate the dependence of important quantities on the budget constraint. We find that, as the amount of budget increases, the cycle time and the average inventory level increase, whereas the Lagrange multiplier decreases. In addition, as budget increases, the safety factor increases and reaches to a certain level. In particular, we derive the condition for the maximum safety factor.

Towards Instant Availability and Full Life Cycle Resilience in Vertical Cities: Automated Deployment and Transformation of High-Rise Buildings to Mitigate Social Challenges

  • Thomas Bock;Rongbo Hu
    • International Journal of High-Rise Buildings
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    • v.11 no.2
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    • pp.75-86
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    • 2022
  • High-rise buildings often can accommodate the population of small horizontal cities. The investment in high-rise buildings is considerable and therefore a rapid return on investment is necessary. The immediate availability of high-rise buildings can be achieved by automated prefabrication of highly finished modules and their instant on-site assembly by robotic and automated construction sites. A high-rise building as a vertical city can be considered as a sophisticated organism that can constantly change throughout its lifecycle in response to economic growth, demographic change, and environmental pressures. To date, many new urban high-rise developments claim to be "vertical cities", yet few represent this important characteristic. This article analyzed the technological readiness and innovations in the field of construction automation and robotics including single-task construction robots, automated on-site construction factories, and ambient assisted living. These technological advances enable the realization of future vertical cities that are able to continuously grow and transform in terms of form and function. Finally, the article proposes a visionary archetype of vertical city in the name of "dynamic vertical urbanism" that is easy to expand vertically and horizontally in order to achieve instant availability and full life cycle resilience thanks to advanced building technologies.

The Study of the Cycle Time Improvement by Work-In-Process Statistical Process Control Method for IC Foundry Manufacturing

  • Lin, Yu-Cheng;Tsai, Chih-Hung;Li, Rong-Kwei;Chen, Ching-Piao;Chen, Hsien-Ching
    • International Journal of Quality Innovation
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    • v.9 no.3
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    • pp.71-91
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    • 2008
  • The definition of cycle time is the time from the wafer start to the wafer output. It usually takes one or two months to get the product since customer decides to produce it. The cycle time is a critical factor for customer satisfaction because it represents the response time to the market. Long cycle time reflects the ineffective investment for the capital. The cycle time is very important for foundry because long cycle time will cause customer unsatisfied and the order loss. Consequently, all of the foundries put lots of human source in the cycle time improvement. Usually, we make decisions based on the experience in the cycle time management. We have no mechanism or theory for cycle time management. We do work-in-process (WIP) management based on turn rate and standard WIP (STD WIP) set by experiences. But the experience didn't mean the optimal solution, when the situation changed, the cycle time or the standard WIP will also be changed. The experience will not always be applicable. If we only have the experience and no mechanism, management will not be work out. After interview several foundry fab managers, all of the fab can't reflect the situation. That is, all of them will have an impact period after product mix or utilization varied. In this study, we want to develop a formula for standard WIP and use statistical process control (SPC) concept to set WIP upper/lower limit level. When WIP exceed the limit level, it will trigger action plans to compensate WIP Profile. If WIP Profile balances, we don't need too much WIP. So WIP level could be reduced and cycle time also could be reduced.

A Study on Technology Prediction Matrix Module Promising ICT for the Creation of Economic Strengthening (창조경제력 강화를 위한 ICT유망기술 예측 Matrix Module 연구)

  • Woo, Chang-Hwa;Park, Dae-Woo
    • Proceedings of the Korean Institute of Information and Commucation Sciences Conference
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    • 2013.10a
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    • pp.156-159
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    • 2013
  • The ICT technology by using smartphone is leading the world. Apple opened the smart age with its smartphone on the first place in the world. In 2013, Samsung of Korea is spotlighted in the world, but China will run after Samsung with medium- and low-priced smartphones equipped with functionality and low and medium prices after 2014. That is, the life cycle of ICT technology gets shorter, and the volume of investment is increased. There is increasing uncertainty of enterprises and nations because the expanded volume of investment. Therefore, it is very important to predict emerging ICT technology, and investment development. Korea based on the creative economy is at the point of strengthening ICT. Therefore, this study aims to analyze intellectual property rights (patent) and the ICT market environment for the emerging ICT technology. The result of analysis will contribute to studying the intellectual property rights (patent) and the R&D matrix module in the ICT market environment for discovering and predicting national emerging ICT technology.

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Diffusion Model을 활용한 온라인 게임 간 수요 확산패턴 연구

  • Choe, Jeong-Uk
    • Proceedings of the Korean Society for Quality Management Conference
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    • 2006.11a
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    • pp.17-22
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    • 2006
  • Online game industry is one of the most value added industry and continues to grow rapidly nowadays. This paper classifies the diffusion patterns of online games according to online game genre, estimates coefficients of innovation and imitation using Bass model, extracts the Bass-based adoption life cycle model which reflects the properties of each game, and then analyzes the diffusion pattern of each game. Through the research on the diffusion pattern of online games, if we can identify the characteristics of changing market and consumers in accordance with the product life cycle, we will provide the implications to the marketing strategy, which have to change at every stage of adoption life cycle, not to mention to investment plan.

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Analysis of Educational Expenditures by family life cycle (가족생활주기에 따른 가계의 교육비 지출 분석)

  • 양정선;김순미
    • Journal of Family Resource Management and Policy Review
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    • v.7 no.1
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    • pp.135-152
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    • 2003
  • This study examined which factors influence educational expenditure by family life cycle. Data for this study were from the 2001 Household Income and Expenditure Survey and consisted of a sample of 2,681 households. The results showed that the households having high school students had the highest educational expenditure and the households having middle school students had the highest ratio of educational expenditure to consumption expenditure. The education of household head, family type, the number of children, the age of the youngest child, and family income had significant effect on educational expenditure in all the stages of family life cycle. The results of this study will be useful for financial management of households and give suggestions for the government policy on education.

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