• Title/Summary/Keyword: Loss of time

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Operational Risk Measurement of Financial Institutions via AHP (AHP 분석을 이용한 금융기관 운영리스크 측정)

  • Choi, Seung-Il
    • Korean Management Science Review
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    • v.28 no.3
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    • pp.73-82
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    • 2011
  • Basel II advanced measurement approaches for operational risk need to estimate the frequency and severity distribution of operational losses. Due to lack of internal loss data, the estimation is impossible in many cases and so external loss data might be used by scaling on asset or gross income. To get around lack of loss data, scenario analysis combined with loss distribution approach can be useful in calculating the capital charge of operational risk. However, scenario based loss distribution approach requires much time and effort. Instead we may apply the analytic hierarchy process to measure operational risk of financial institutions. The analytic hierarchy process combined with loss distribution approach is to estimate the capital charge of operational risk in other areas based on the operational VaR in an area with sufficient loss data. AHP provides a tool for timely measurement of operational risk in this rapidly changing global environment.

New Strategy for Location Decision Using Loss Concept (손실개념을 이용한 새로운 물류거점 전략)

  • Hwang, In-Keuk;Lee, Chang-Yong;Song, Chang-Yong
    • Journal of Korean Society of Industrial and Systems Engineering
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    • v.30 no.4
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    • pp.103-110
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    • 2007
  • The facility location in designing a supply chain network is an important decision problem that gives form, structure, and shape to the entire supply chain system. Location problems involve determining the location, number, and size of the facilities to be used. The optimization of these location decisions requires careful attention to the inherent trade-offs among service time, inventory costs, facility cost, transportation costs. This paper presents a strategy that provides the best locations of distribution centers using GIS(Geographical Information System) assuming the limitation of delivery time. To get the best strategy of the location of distribution centers, we use the new loss functions as a penalty when the delivery time is violated

Issues in structural health monitoring employing smart sensors

  • Nagayama, T.;Sim, S.H.;Miyamori, Y.;Spencer, B.F. Jr.
    • Smart Structures and Systems
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    • v.3 no.3
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    • pp.299-320
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    • 2007
  • Smart sensors densely distributed over structures can provide rich information for structural monitoring using their onboard wireless communication and computational capabilities. However, issues such as time synchronization error, data loss, and dealing with large amounts of harvested data have limited the implementation of full-fledged systems. Limited network resources (e.g. battery power, storage space, bandwidth, etc.) make these issues quite challenging. This paper first investigates the effects of time synchronization error and data loss, aiming to clarify requirements on synchronization accuracy and communication reliability in SHM applications. Coordinated computing is then examined as a way to manage large amounts of data.

The Design of Optical Marker for Auto-registering of 3D scan data (3차원 스캐너의 레지스터링 문제 해결을 위한 광학식 마커 설계)

  • 손용훈;양현석
    • Proceedings of the Korean Society of Precision Engineering Conference
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    • 2003.06a
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    • pp.256-259
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    • 2003
  • This paper proposes OPTICAL MARKER fer registering process - one of the 3D measurement process : scan registering - merging - measurement. If the registering work is carried out manually, it can be accompanied with much time and many errors. Because the patterned marker make registering process automatic, many firms use it now. But the physical shape of existing markers is the source of the data loss caused by hiding surface, and the marker arrangement is the source of the time loss. The optical marker proposed in this paper has marker generator, organized a large number of binary coded control laser diode, separate from 3D scan object. So, it does not take much time for the marker disposition, and it is not the origin of the data loss, and the binary coded laser information make the auto-registering possible.

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A time-domain simulation of an oscillating water column with irregular waves

  • Koo, Weoncheol;Kim, Moo-Hyun
    • Ocean Systems Engineering
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    • v.2 no.2
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    • pp.147-158
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    • 2012
  • A time-domain simulation of a land-based Oscillating Water Column (OWC) with various irregular waves as a form of PM spectrum is performed by using a two-dimensional fully nonlinear numerical wave tank (NWT) based on the potential theory, mixed Eulerian-Lagrangian (MEL) approach, and boundary element method. The nonlinear free-surface condition inside the OWC chamber was specially devised to describe both the pneumatic effect of the time-varying pressure and the viscous energy loss due to water column motions. The quadratic models for pneumatic pressure and viscous loss are applied to the air and free surface inside the chamber, and their numerical results are compared with those with equivalent linear ones. Various wave spectra are applied to the OWC system to predict the efficiency of wave-energy take-off for various wave conditions. The cases of regular and irregular waves are also compared.

Optimal Design of Power Loss for 3 Phase Voltage Source Inverter by using Thermal Management (써멀 메니지먼트(Thermal Management)에 의한 3상 전압형 인버터의 전력손실 최적화 설계)

  • Cho, S.E.;Park, S.J.
    • The Transactions of The Korean Institute of Electrical Engineers
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    • v.56 no.10
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    • pp.1757-1762
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    • 2007
  • Recently, the demand for the low cost power conversion equipment is rapidly increased. To develop this three phase voltage source inverter, optimum power conversion equipment to system is designed. The optimum operation method to minimize the power loss also satisfy the life time of the power electronics that is request in the present industry. In this paper, the efficient operating method to change of the acceleration, jerk, and switching frequency in the interval of acceleration is selected to optimize the power loss and life time of the power electronics by using the elevator model. So, we proposed the method that 50[A] rating power electronics is adopted in 9[kW] load.

Implementation of Simulated Annealing for Distribution System Loss Minimum Reconfiguration (배전 계토의 손실 최소 재구성을 위한 시뮬레이티드 어닐링의 구현)

  • Jeon, Young-Jae;Choi, Seung-Kyo;Kim, Jae-Chul
    • The Transactions of the Korean Institute of Electrical Engineers A
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    • v.48 no.4
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    • pp.371-378
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    • 1999
  • This paper presents an efficient algorithm for loss reduction of distribution system by automatic sectionalizing switch operation in large scale distribution systems of radial type. Simulated Annealing algorithm among optimization techniques can avoid escape from local minima by accepting improvements in cost, but the use of this algorithm is also responsible for an excessive computation time requirement. To overcome this major limitation of Simulated Annealing algorithm, we may use advanced Simulated Annealing algorithm. All constaints are divided into two constraint group by using perturbation mechanism and penalty factor, so all trail solutions are feasible. The polynomial-time cooling schedule is used which is based on the statistics calculation during the search. This approaches results in saving CPU time. Numerical examples demonstrate the validity and effectiveness of the proposed methodology.

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An Improvement on Target Costing Technique

  • Wu, Hsin-Hung
    • International Journal of Quality Innovation
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    • v.4 no.1
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    • pp.191-204
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    • 2003
  • The target costing technique, mathematically discussed by Sauers, only uses the $C_p index along with Taguchi loss function and $\bar{X}$-P control charts to setup goal control limits. The new specification limits derived from Taguchi loss function is linked through the $C_p value to $\bar{X}$-P control charts to obtain goal control limits. Studies have shown that the point estimator of the $C_p index, $C_p, could vary from time to time due to the sampling error. The suggested approach is to use confidence intervals, especially the lower confidence intervals, to replace the point estimator. Therefore, an improvement on target costing technique is presented by applying the lower confidence interval of the $C_p index and using both Taguchi and Spiring's loss functions together with $\bar{X}$-P charts to make this technique more robust in practice. An example is also provided to illustrate how the improved target costing technique works.

A Study on the Coordination Scheme Considering the Loss of Sensitive Load by Voltage Sag at Distribution System Interconnected Dispersed Generation (배전계통에 분산전원 연계시 전압강하에 의한 민감부하의 피해를 고려한 보호협조 연구)

  • Jung, Seung-Bock;Kim, Jae-Chul
    • Proceedings of the KIEE Conference
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    • 2003.07a
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    • pp.363-365
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    • 2003
  • Recently, the concern of power qualiaty problem is increasing. Especially, Voltage quality problem have been increased important problem. Electronic device was affected by voltage sag. So, sensitive load that included many electronic Device was affected by voltage sag. also, it may have economic loss. In this paper, we argue the coordination scheme considering the loss of sensitive load. The coordination device of distribution system for instaneous fault is recloser and sectionalizer, But, the fault clearing time of recloser is more than 2 seconds. So, voltage sag generates long time that affected sensitive load. HS(high speed switchgear) has fast fault clearing time(0.015s) that not affected sensitive load. Therefore, the coordination applied HS is used. The proposed schemes are proved and evaluated by a case study using PSCAD/EMTDC simulation.

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Development of Information Management System for Improving Productivity (설비생산성 향상을 위한 정보시스템 개발)

  • Kim, Tae-Hwan;Nam, Sung-Don;Choi, Sung-Hee;Kang, Kyong-Sik
    • Proceedings of the Safety Management and Science Conference
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    • 2005.11a
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    • pp.199-202
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    • 2005
  • All machines and systems in a firm should be managed for optimizing its productivity. Actually, however, it is hard to manage the machines of a firm in collective methods because the company making each machine varies and the way maintaining each machine is various. As a machine Is out of order, the machine is fixed by the repair person from the company making the machine. Every time comes repair person to fix a machine firm having the machine would experience time loss and cost loss. Therefore, a firm needs to manage blueprint of their machine to reduce loss in time and cost and to maintain their facilities in TPM(Total Productive Management) to make operators manage directly. In this study, we suggest the method to manage a blueprint of a machine with TPM.

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