• Korea Journal of Hospital Management
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• v.8 no.3
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• pp.118-142
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• 2003

This study is aimed at evaluating the financial structure of hospitals before and after the separation of prescription and drug dispensing policy started to be implemented in July 2000 and at making a suitable hospital managerial strategy through the verification of the factors which have effect on their profitability. This study investigated the hospitals which have passed the accredition review to be designated as a accredited training hospital each year for three years from 1999 to 2001. Those hospitals were selected from members of the Korea Hospital Association. 106 hospitals were targeted for analysis except for the hospitals whose financial statements and managerial performance were not reported faithfully. The financial indicators used in this study were stability indicators(liability to total assets, ratio of debt to fund balance, fixed ratio), liquidity indicators(current ratio, quick ratio), activity indicators(total assets turnover, fixed assets turnover), profitability indicators(net profit to total assets, net profit to net worth, operating margin), and operating expenses to patient revenues indicators(drug and supplies costs/payroll/overhead expenses). The result of this study are as follows: First, the analysis of the increase of loss-making hospitals before and after. The separation of prescription and drug dispensing policy shows that the number of loss-making hospitals increase after the separation(22.6% before the separation; 31.1% after the separation). However, there was no significant statistical difference. Second, the analysis of operating expenses to patient revenues indicators showed that the ratio of drug and supplies cost became lower in all hospitals but the ratio of payroll/overhead expenses became higher. Additionally, the factor which have the greatest effect on profitability was operating expenses to patient revenues indicators (drug and supplies costs/payroll/overhead expenses). Third, the analysis of managerial performance by four types of loss-loss, loss-profit, profit-loss and profit-profit compared the results before the separation with those after the separation revealed as follows : Reliance on liability to total assets became higher in the profit-loss type($56.2%{\rightarrow}66.4%$), lower in the loss-profit type($82.7%{\rightarrow}74.5%$). Total assets turnover became higher in the profit-profit type($1.3{\rightarrow}1.5$), but lower in the loss-profit type($0.8{\rightarrow}0.7$). Operating margin decreased to minus 5.9% from 4.3% in the profit-loss type, but increased to 7.2% from minus 7.8% in the loss-profit type. Forth, operating expenses to revenues indicators showed that the increase of payroll was the biggest in the profit-loss type($39.2%{\rightarrow}49.9%$) and that overhead cost decreased in the loss-profit type but that rather increased in other types.

• Journal of Korean Society of Industrial and Systems Engineering
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• v.20 no.43
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• pp.241-247
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• 1997

This paper is concerned with cost analysis model in free-replacement policy. The free-replacement policy with minimal repair is considered as follows; in a manufacturer's view point operating unit is periodically replaced, if a failure occurs between minimal repair and periodic maintenance time, unit is remained in a failure condition. Also unit undergoes minimal repair at failures in minimal-repair interval. Then total expected cost is calculated according to the parameter of failure distribution in a view of consumer's. The expected costs are included repair cost and usage cost: operating, fixed, minimal repair and loss cost. Numerical example is shown in which failure time of item has weibull distribution.

• Journal of Korean Society of Industrial and Systems Engineering
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• v.19 no.39
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• pp.89-98
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• 1996

This paper is concerned with cost analysis model in free -replacement policy under the periodic maintenance policy The free-replacement policy with minimal repairable item is considered as follows; in a manufacturer's view point operating unit is periodically replaced, if a failure occurs between minimal repair and periodic maintenance time, unit is remained in a failure condition. Also unit undergoes minimal repair at failures in minimal-repair interval. Then total expected cost per unit time is calculated according to maintenance period Tin a viewpoint of consumer's. The expected costs are included repair cost and usage cost: operating, fixed, minimal repair and loss cost. Numerical example is shown in which failure time of item has beta distribution.

• Korean Journal of Construction Engineering and Management
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• v.21 no.1
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• pp.32-39
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• 2020

The purpose of this study is to derive the risk factors that occurred during the construction of the temporary aircraft runway and to analyse the risk costs and loss costs. For this purpose, actual construction data made during the construction of the aircraft runway were investigated. And the risk factors that occurred during the construction work were derived. So the increased construction costs and loss costs due to risk factors were analyzed. The results of this study are as follows: 1)The number of risk factors that occurred during the construction of the aircraft runway was derived from eight. 2)It was calculated that the total risk cost of 5.2million won, the risk cost of the owner's should be 243 million won and the cost of the contractor should be 277million won. 3)Owner's was up 2.36% from its planned budget and the contractor lost -277million won out of its planned profit of 443million won, resulting in a residual profit of 165million won. The results of the study are used as a reference for estimating risk factors and contingency that should be considered in aircraft runway construction.

• KSCE Journal of Civil and Environmental Engineering Research
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• v.36 no.1
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• pp.135-141
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• 2016

This study aims to analyze the feasibility of installing a storage facility and make recommendations based on a cost-benefit analysis regarding the installation of a storage facility capable of preventing both floods and droughts. The capacity and installation costs are specified for the storage facility necessary to prevent floods, and a cost-benefit analysis is conducted by calculating the costs and benefits for each cost or benefit factor such as loss amounts, recovery costs, and drought prevention. The information can be used as the basic data for suggesting the feasibility of installing a multipurpose storage facility capable of preventing floods and droughts simultaneously. Also, this study expects to utilize its detailed results in a number of different ways including the prediction of loss amounts from natural disasters.

• The Transactions of The Korean Institute of Electrical Engineers
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• v.61 no.6
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• pp.797-803
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• 2012

In this paper, for minimizing the real-time operating load losses of the power transformer, a SCADA optimum operating system was developed, and the economic analyses on the test operation were performed. Transformer loss DB which reflects the economic integration operation criteria was constructed by referring the transformer manufacturer's loss data(iron loss, copper loss). Based on the loss DB, each substation transformer real-time loss was calculated according to the size of the transformer loads, and if integration or separation transformer operating conditions minimizing the loss are met, then a window pops-up and the dispatcher performs the substation equipments operation according to the procedure provided by this system. With the existing SCADA main program, the relation database of the substation facilities and integration/separation operation algorithm were developed and applied to Auto MTR Processor and pconn Processor Task module. Seven stations test data for seven months were analyzed for the economic analyses, and the results showed that Cost-Benefit ratio was 2.64, and IRR(Internal Rate of Return), 36%, which asserted the economic justification of the proposed system.

• The Transactions of The Korean Institute of Electrical Engineers
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• v.59 no.3
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• pp.575-580
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• 2010

This paper is to design an optimum power conversion device for the system required for development of a low cost 3-phase power inverter. For this purpose, in order to meet with endurance required by the industry, failure mode is standardized to guarantee lifetime of a power semiconductor by monitoring real time power loss and to facilitate failure mode analysis. As normality of heat loss of a power semiconductor is identified remaining in a certain range by comparing heat rise slope between that is calculated by using average current or average loss and that is measured at a heat sink, its feasibility is confirmed by experiment.

• Transactions of the Korean Society for Noise and Vibration Engineering
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• v.15 no.6 s.99
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• pp.680-686
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• 2005

This paper introduces the robust design of an intake system using transmission loss and the frequency weighting function. First, transmission loss is measured to evaluate the performance of the noise reduction for the intake system. The robust design parameters of the intake system are extracted by adapting a cost function with the Taguchi method. Subsequently, the frequency weighting function is developed by the subjective evaluation in which 6 special engineers were participated. Finally, the comparison between the proposed frequency weighted optimal design and unweighted optimal design for the transmission loss as the part is performed. Here, the overall levels of the transmission loss according to the methods are presented to validate the effectiveness of the proposed methodology.

• Proceedings of the KIEE Conference
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• 2000.11a
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• pp.20-22
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• 2000

The transmission networks are not perfect conductors and a percentage of the power generated is therefore lost before it reaches the loads. This network loss contributes to the cost of suppling power to consumers, and must be considered if the most efficient dispatch and location of generators and loads is to be achieved. In this paper, we propose an approximate calculation of marginal loss factors to analyze characteristics of regional transmission loss. These static marginal loss factors are approximately calculated based on the KEPCO's expected summer peak load data of year 2000.

• Proceedings of the KIEE Conference
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• 2015.07a
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• pp.774-775
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• 2015

In this paper, a series of electromagnetic analyses carried out for a high efficiency 22.9/0.38kV mold transformer are presented. The simulations were performed in order to calculate the losses which eventually verify the performance(efficiency) of the designed product. Here, losses include core loss, stray losses of non-current carrying metallic structural parts(core plate and clamp), ohmic loss and eddy current loss of current carrying metallic parts(busbars, leads, terminals and windings). The obtained results of the simulations were compared to the test results and showed high level of accuracy. The loss evaluation technology will allow designers avoid any potential over-design or under-design of the high efficiency products, reducing the manufacture cost and development period compared to the conventional experience-based design procedures.