• Title/Summary/Keyword: Opportunity Cost

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The opening of Gyeongbu high-speed railway project phase II (between Daegu and Busan) (기획특집: 경부고속철도 2단계사업 (대구~부산)개통)

  • Rim, Hyoung-Gyu
    • Journal of the Korean Professional Engineers Association
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    • v.43 no.6
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    • pp.27-30
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    • 2010
  • Gyeongbu high-speed railway project which comprises the construction of the new line with 417.5km between Seoul and Busan is one of the biggest national projects with approx. 20-trillion-won project cost. The construction was started in June 1992 and afterward phase I (between Seoul and Daegu) was opened in April 2004 and phase II (between Daegu and Busan, 169.5km) is scheduled for opening in the end of October 2010. It is assured that the opening of the entire sections of Gyeongbu high-speed railway will significantly increase productivity and efficiency by improving the land utilization with the promotion of personal and material exchanges induced by the reduction of travel time between regions. Especially, Gyeongbu high-speed railway will be the opportunity to boost speed-up of Korea railway.

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A Study for Optimizing LCD Display Frame Assembly Process (LCD 디스플레이 프레임 조립 공정 최적화 연구)

  • Yoon, Cheol-Ho
    • Journal of the Korea Academia-Industrial cooperation Society
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    • v.11 no.10
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    • pp.3654-3657
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    • 2010
  • This paper studies the assembly process of LCD display frames to reduce product cost. First of all, OTRS and time study methodology were performed to analyze the efficiency of the assembly process. Next, various types of frame materials are evaluated whether they pass the reliability criteria or not. As a result, it is found that the productivity of LCD display assembly process maintains prefer level and some frame materials have an opportunity to reach the reliability criteria.

Analysis of the margin level in the KOSPI200 futures market (KOSPI200 선물 시장의 증거금 수준에 대한 연구)

  • Kim, Jun;Choe, In-Chan
    • Proceedings of the Korean Operations and Management Science Society Conference
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    • 2004.05a
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    • pp.734-737
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    • 2004
  • When the margin level is set relatively low, margin violation probability increases and the default probability of the futures market rises. On the other hand, if the margin level is set high, the margin violation probability decreases, but the futures market becomes less attractive to hedgers as the investor's opportunity cost increases. In this paper, we investigate whether the movement of KOSPI200(Korea Composite Stock Price Index 200) futures daily prices can be modeled with the extreme value theory. Base on this investigation, we examine the validity of the margin level set by the extreme value theory. Computational results are presented to compare the extreme value distribution and the empirical distribution of margin violation in KOSPI200. Some observations and implications drawn from the computational experiment are also discussed.

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A Study on Electromagnetic Structural Design of AFPM Generator for Urban Wind Turbine (도시형 풍력발전기용 AFPM 발전기의 전자기적 구조설계에 관한 연구)

  • Cho, Jun-Seok;Choi, Se-Kwon;Kim, Ju-Yong;Jung, Tae-Uk
    • Proceedings of the KIEE Conference
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    • 2009.07a
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    • pp.830_831
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    • 2009
  • Wind power system attracts most interest because of high-energy efficiency with environment-friendly. Small scale wind power applications requires a cost effective and mechanically simple generator in order to be a reliable energy source. The use of direct driven generators, instead of geared machines, reduces the number of drive components, which offers the opportunity to reduce costs and increases system reliability and efficiency. This paper presents the development of a coreless axial-flux permanent magnet(AFPM) generator for a urban wind power system. It is analyzed by electromagnetic simulation program Maxwell 3D

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2-Dimensional FEM Based Transient Analysis for an Efficient Design of Acoustic Windows (효율적인 음향 윈도우 설계를 위한 2차원 유한요소법 기반의 과도 해석)

  • Kim, Y.C.;Kim, S.K.;Yoon, S.W.;Lee, Y.;Cho, M.S.;Shin, Ku-Kyun;Koo, J.C.
    • Transactions of the Korean Society for Noise and Vibration Engineering
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    • v.19 no.7
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    • pp.673-678
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    • 2009
  • The efficiency of active sonar that is used underwater observation equipment is important for obtain the information of topography and trace for the objects. Sound wave transmitted from sonar are distorted by acoustic window which is to protect sonar. Making various sonar dome is impossible for experiment, because consumed unnecessary time and expense. So, the purpose of this study is to simulate and analyze the acoustic window propagated sound wave from sonar for designing model reduced insertion loss. Simulation is performed by transient analysis and fluid-structure interaction analysis. As a result, this study will give a opportunity for efficient design of sonar dome without high cost and time consumption.

A study on algorithms to minimize makespan of sequence-dependent jobs (작업준비시간을 고려한 총작업완료시간 최소화 해법에 관한 연구)

  • 안상형
    • Korean Management Science Review
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    • v.12 no.2
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    • pp.77-87
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    • 1995
  • In this paper we develop an efficient heuristic algorithm for the problem of scheduling n sequence-dependent jobs on a basic processor to minimize makespan. Efficient solution methods are already known for the sequence- independent case. But for the sequence-dependent case, this problem belongs to a set of strong NP-complete problems. We present a heuristic which is similar to shortest setup time heuristic but opportunity cost of setup time rather than shortest setup time is used for choosing next job. This heuristic algorithm has same computational complexity and worst case ratio as the shortest setup time heuristic. We used Wilcoxon signed rank test to show that our heuristic is superior to nearest setup time heuristic in term of average behavior.

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A theoretical study on the role of government for the activation of B2B in Korea (국내 기업간 전자상거래 활성화를 위한 정부 역할에 관한 연구)

  • 백종구
    • The Journal of the Korea Contents Association
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    • v.2 no.1
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    • pp.46-51
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    • 2002
  • With the Internet, many enterprises have been able to improve their productivity, gain opportunity to get competitive power and access to potential global customers. The why that the support of government is needed in implementation and activation of EC is that EC is the best way to reduce the transaction cost in business process. This study examines factors affecting the activation of B2B and selects the three sides needed the support of government. With that point, This study proposes a role of government in that three sides.

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Mass Media and Space Science

  • Park, Seong-Cheol
    • Bulletin of the Korean Space Science Society
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    • 2008.10a
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    • pp.22.1-22.1
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    • 2008
  • Media company is not a business which sells news and information but a company sells audience's attention. Advertisers estimate audience's quantity and quality which pay attention to media and pay the cost. Thus drawing audience's attention is a natural and instinctive behavior for survival of media company. News doesn't deliver the fact just as it. That's impossible. News is a commodity made by processing and selection of the media company and journalist. On the process, judge of values is involved and limitation of time and place of media is considered. If scientists understand media's character truly, their misunderstanding about media company and journalist may be cleared up. In this society, media is not a being to ignore, particularly for big science like space science which spends huge public capital. Nowadays, space science meets the time to take the leap in Korea. However that can be crisis cause of uncertainty of science activity. When the crisis which no one desires happens, preparation needs for new opportunity. We can take the crisis as a chance. Understanding about media and public will be the first step for this preparation.

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A Study on the Framework of Mission Assurance for SE (시스템엔지니어링 강화를 위한 임무보증 Framework 연구)

  • Kim, Kwang Hae;Cho, Chul hoon;Ko, Jeong Hwan;Chung, Eui Seung
    • Journal of the Korean Society of Systems Engineering
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    • v.10 no.2
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    • pp.89-95
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    • 2014
  • In recent years, the United States have been several major failures of launch. As a result of these failures, activity of mission assurance valued. Mission assurance is defined as the application of systems engineering process towards the goal of achieving mission success. Therefore, mission assurance perform independent technical assessments throughout the concept and requirements definition, design, development, production, test, deployment, and operations phases. Space system program was emphasized the importance of the system engineering for that required huge cost and long term development. For this reason, independent review and verification of mission assurance is essential. Mission assurance gives us confidence to proceed with launch and best opportunity for mission success. In this study, framework of mission assurance is proposed by foreign case analysis.

SIMULATION OF RETURNABLE TRANSPORT ITEM SYSTEMS

  • Krabs, Andreas;Reinholz, Andreas
    • Proceedings of the Korea Society for Simulation Conference
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    • 2001.10a
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    • pp.83-89
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    • 2001
  • This paper provides a short description of the COMPASS-model which is a concept for the simulation of multiway systems. The focus of the COMPASS-model is to offer an opportunity to investigate the effects of redistribution strategies on logistic and monetary values in a system of returnable transport items (RTI). The modeling concept consists of five modules: topology, system load, distribution, redistribution, cost. It includes the integration of highly sophisticated evolutionary algorithms for the optimal solving of complex capacitated vehicle routing problems (CVRP) which are typical for RTI-systems. The results of first experiments with a COMPASS-based prototype are repeated. They reveal some basic regularities in RTI-systems.

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