• 한국병원경영학회지
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• 제9권2호
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• pp.102-127
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• 2004

The objective of this study is to analyze a current trend of and relating factors on profitability of the Korean Public Corporation Medical Centers(KPCMCs, hereinafter, hospitals) in Korea. There are 34 hospitals in Korea as of 2004. Among these hospitals some are red ink hospitals, others are black inks in terms of profitability. Data were collected by Korea Health Industry Development Institute(KHIDI) Statistics for Hospital Management 2000-2002 and Ministry of Health and Welfare(MOHW) financial data of public hospitals which was planned to coordinate public health care services roadmap in the long run. The samples are 32 hospitals. Profitability was measured in the aspect of profit rate with normal profit to total assets, and normal profit to gross revenues as dependent variables in respective. Independent variables were classified by general factors, i.e., location, intern/resident training, period of opening, number of beds, and managerial factors(current ratio, fixed ratio, liability to total assets, total assets turnover, personnel costs, materials cost, administrative cost), and finally factors related to patient treatment(average length of stay, bed occupancy rate, admission ratio of outpatients). The methods of analysis are correlation and multiple regression analysis. This study shows firstly, a lot of hospitals are optimal current ratio. Hospitals in upper 100% current ratio are 81.2%. And the personnel cost in total costs are high. Secondly, the trend of normal profit to gross revenues of hospitals are deteriorating gradually. And lastly, as a result of multiple regression analysis, the factors had on significant effect on normal profit to total assets are fixed ratio(+), liability to total assets(-), bed occupancy rate(+), admissions of outpatients(+), etc. And the factors had on significant effect on normal profit to gross revenues are current ration(+), fixed ratio(+), personnel cost(-), administrative expenses(-), admissions of outpatients(+), etc. In conclusion, to improve the profitability of hospitals, the efforts to reduce personnel cost and average length of stay might be needed. And also beds utilization rate need to be increased.

• 농업과학연구
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• 제32권1호
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• pp.81-94
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• 2005

This study is aimed at giving the basic information for individual farm households to make decisions for optimizing their farm sizes and for the government to implement farm size optimization policies through the identification of combinations among rice production factors in plain areas like Cheolwon district and the suggestion of the optimal farm sizes of individual farmers based on the scale of economy calculated. The data of agricultural production costs of 50 rice farmers in the plain area which is located in Dongsong-eup Cholwon district, Kangwon province were used in the analysis. The 'translog' cost function among various methods which is a flexible function type was adopted to calculate the scale of economy in rice production. Seemingly unrelated regression(SUR) method was used in forecasting functions and processing other statistics by SHAZAM which is one of the computer aid program for quantitative econometric analysis. In conclusion, the long-run average cost(LAC) curve showed 'U-shape' which was different from 'L-type' one which was shown in the previous studies by others. The lowest point of the LAC was 9.764ha and the concerned production cost amounted to 633 Won/kg. Based on these results, it have to be suggested that around 10 ha of paddy is the target size for policy assistances to save costs under the present level of farming practices and technology. The above results show that the rice production costs could be saved up to 10ha in Cheolwon plain area which is a typical paddy field. However, land use, land condition, land ownership and manager's ability which may affect scale of economy should be considered. Furthermore, reasonable management will have to be realized by means of labor saving technology and cost saving management skill like enlargement of farm size of rice.

• 품질경영학회지
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• 제20권2호
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• pp.33-43
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• 1992

Items are assumed to fail by degradation. An appropriate stochastic model of such item is a cumulative process in which an item can fail only when the total amount of wear exceeds a prespecified failure level. This paper presents replacement policy in which an item is replaced at a certain level of wear before failure or at failure, whichever occurs first. Yet, when measuring the item wear level is very expensive, destructive or time-consuming, it may be economical to use substitutive characteristics that are correlated with the item wear level and relatively inexpensive to measure. The item's wear level could usually be estimated by monitoring such substitutive characteristics only except for a breakdown, which may be observed immediately at its occurrence. The purpose of this paper is to find an optimal periodic replacement policy based on such substitutive characteristics that balance the cost of replacement with the cost of failure and result in a minimum total long-run average cost per unit time. The optimal level of substitutive characteristics to replace the item is obtained. Numerical example illustrate how the model can be used to determine the optimal replacement policy.

• 한국통계학회:학술대회논문집
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• 한국통계학회 2002년도 춘계 학술발표회 논문집
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• pp.61-66
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• 2002

We consider a generalized N-policy for an M/M/1 queueing system. The idle server starts to work with ordinary service rate when a customer arrives. If the number of customers in the system reaches N, the service rate gets faster and continues until the system becomes empty. Otherwise, the server finishes the busy period with ordinary service rate. We obtain the limiting distribution of the number of customers in the system. After assigning various operating costs to the system, we show that there exists a unique fast service rate minimizing the long-run average cost per unit time.

• 한국통계학회:학술대회논문집
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• 한국통계학회 2003년도 추계 학술발표회 논문집
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• pp.189-194
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• 2003

We consider an M/G/1 queueing system under P$_{\lambda}^{M}$-service policy. As soon as the workload exceeds threshold ${\lambda}$ > 0, the service rate is increased from 1 to M ${\geq}$ 1 and is kept until the system becomes empty. After assigning several costs, we show that there exists a unique M minimizing the long-run average cost per unit time.

• 품질경영학회지
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• 제24권3호
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• pp.31-36
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• 1996

A Markovian stochastic model for a system subject to random shocks is considered. Each shock arriving according to a Poisson process decreases the state of the system by a random amount. A repairman arrives at the system periodically for inspection and repairs the system only if the state is below a threshold. Costs are assigned to each inspection of the repairman, to each repair, and to the system being in bad states below the threshold. The expected long run average cost is obtained and compared with that of the random inspection introduced by Lee and Lee(1994).

• 경영과학
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• 제11권1호
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• pp.145-163
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• 1994

For an Information System to be successful the continual control of the database system(DBS) is very important. In general, such control operations are performed periodically in batches, even in real time systems. We explain DBS related such control operations and describe the decision problem in each of them. Specifically, backup, checkpointing, reorganization, and batch update operations are considered. Then we develop a general model of the batch backup situation to determine the optimal backup timing. Other operations are considered as special cases of the general batch backup operation are derived and compared. We show that, in general, the control limit policy is superior to the fixed time interval policy in terms of the long-run average cost per unit time. Some practical considerations about the implementation of optimal policies are also mentioned.

• Industrial Engineering and Management Systems
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• 제2권1호
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• pp.63-70
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• 2003

In this study, we employed an arithmetic process (AP) approach to resolve gearbox maintenance problems. The approach is realistic and direct in modelling the characteristics of a deteriorating system such as a gearbox since a decreasing AP can model a gearbox's successive operating times and an increasing AP can model the corresponding consecutive repair times. First of all, two test statistics were used to check whether the process is arithmetic or not. Next, model parameters of the AP were estimated using the simple linear regression method. Finally, the optimal replacement policy based on minimising the long-run average cost per day was determined for each type of gearbox.

• 한국항해학회지
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• 제4권2호
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• pp.45-79
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• 1980

The aim of this paper is to analyze the mechanics of price formation in the tramp shipping. For the purpose of this study, the main characteristics of tramp freight rates and the market is examined, and a brief examination of the nature ofthe costs of operation is given which are essential for the understanding of the functioning of shipping firms as well as for the understanding of developments in the tramp freight market. The demand and supply relationships in the market is also analysed in detail. Tramp shipping is an industry that has a market which functions under conditions that are not dissimilar to the theoretical model of perfect competition. However, it does notmean that tramp shipping market is a perfectly competitive market. It is apparent that this realworld competitive system has its imperfections, which means that the market for tramp shipping is near to being a perfectly competitive market on an internaitonal scale and it is freight are therefore subjext to the laws of supply and demand. In theory, the minimum freight rate in the short term is that at which the lowest cost vessels will lay-up in preference to operating, and is equal to the variable costs minus lay-up costs; and this would imply that in all times except those of full employment for ships there is a tendency for newer low-cost, and, probably, faster vessels to be driving the older high-cost vessels in the breaker's yards. In this case, shipowners may be reluctant to lay-up their ships becasue of obligations to crews, or because they would lose credibility with shippers or financiers, or simply because of lost prestige. Mainly, however, the decision is made on strictly economic grounds. When, for example, the total operating costs minus the likely freight earnings are greater than the cost of taking the ship out of service, maintaining it, and recommissioning it, then a ship may be considered for laying-up; shipowners will, in other words, run the ships at freight earnings below operating costs by as much as the cost of laying them up. As described above, the freight rates fixed on the tramp shipping market are subject to the laws of supply and demand. In other words, the basic properties of supply and demand are of significance so far as price or rate fluctuations in the tramp freight market are concerned. In connection with the same of the demand for tramp shipping services, the following points should be brone in mind: (a) That the magnitude of demand for sea transport of dry cargoes in general and for tramp shipping services in particular is increasing in the long run. (b) That owning to external factors, the demand for tramp shipping services is capable of varying sharphy at a given going of time. (c) The demad for the industry's services tends to be price inelastic in the short run. On the other hand the demand for the services offered by the individual shipping firm tends as a rule to be infinitely price elastic. In the meantime, the properties of the supply of the tramp shipping facilities are that it cannot expand or contract in the short run. Also, that in the long run there is a time-lag between entrepreneurs' decision to expand their fleets and the actual time of delivery of the new vessels. Thus, supply is inelastic and not capable of responding to demand and price changes at a given period of time. In conclusion, it can be safely stated that short-run changes in freight rates are a direct result of variations in the magnitude of demand for tramp shipping facilities, whilest the average level of freight rates is brought down to relatively low levels over prolonged periods of time.

• 한국국방경영분석학회지
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• 제17권1호
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• pp.61-83
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• 1991

There has been a great deal of research dealing with the optimal replacement of stochastically deteriorating equipment and research in queueing systems with a finite calling population. However. there has been a lack of research which combines these two areas to deal with optimal replacement for a fixed number of machines and a limited number of repairmen. In this research, an optimal control policy for replacement involving two machines and one repairman is developed by investigating a class of age replacement policies in the context of controlling a G/M/1 queueing system with a finite calling population. The control policy to be imposed on this problem is an age-dependent control policy, described by the control limit $t^{\ast}$. The control limit is operational only when the repairman is idle; that is. if both machines are working, as soon as a machine reaches the age $t^{\ast}$ it is taken out of service for replacememt. We obtain the ${\epsilon}$-optimal control age which will minimize the long-run average system cost. An algorithm is developed that is applicable to general failure time distributions and cost functions. The algorithm does not require the condition of unimodality for implementation.