• Title/Summary/Keyword: Optimal Cost

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The Optimal Release Time in Cost Model Using PCLS Model

  • Song, Kwang Yoon;Chang, In Hong;Choi, Min Su;Lee, Da Hye
    • Journal of Integrative Natural Science
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    • v.9 no.3
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    • pp.206-214
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    • 2016
  • The basic goal of software development is to produce high quality software at low cost. Therefore, when to stop software testing and release the software product is a significant point in the software development. The software cost model is an effective tool used to help software developers control costs and determine the release time. In this paper, we discuss the cost model to apply all 6 models with consideration of time to remove errors, cost of removing each error and risk cost due to software failure. We show the impact of cost coefficients and parameter values on the expected total cost by changing the values and comparing the optimal release times.

Optimal Periodic Preventive Maintenance with Improvement Factor (개선지수를 고려한 주기적 예방보전의 최적화에 관한 연구)

  • Jae-Hak Lim
    • Journal of Korean Society for Quality Management
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    • v.31 no.3
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    • pp.193-204
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    • 2003
  • In this paper, we consider a periodic preventive maintenance(PM) policy in which each PM reduces the hazard rate but remains the pattern of hazard rate unchanged. And the system undergoes only minimal repairs at failures between PM's. The expected cost rate per unit time is obtained. The optimal number N of PM and the optimal period x, which minimize the expected cost rate per unit time are discussed. Explicit solutions for the optimal periodic PM are given for the Weibull distribution case.

Preventive maintenance policy following the expiration of replacement-repair warranty (교체-수리보증이 종료된 이후의 예방보전정책)

  • Jung, Ki-Mun
    • Journal of Applied Reliability
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    • v.12 no.2
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    • pp.57-66
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    • 2012
  • In this paper, we consider the periodic preventive maintenance model for a repairable system following the expiration of replacement-repair warranty. Under this preventive maintenance model, we derive the expressions for the expected cycle length, the expected total cost and the expected cost rate per unit time. Also, we determine the optimal preventive maintenance period and the optimal preventive maintenance number by minimizing the expected cost rate per unit time. Finally, the optimal periodic preventive maintenance policy is given for Weibull distribution case.

Optimal Burn-In under Waranty

  • Kim, Kui-Nam;Lee, Kwang-Ho
    • Communications for Statistical Applications and Methods
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    • v.6 no.3
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    • pp.719-728
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    • 1999
  • This paper discusses an optimal burn-in procedure to minimize total costs based on the assumption that the failure rate pattern follows a bimodal mixed Weibull distribution. The procedure will consider warranty period as a factor of the total expected burn-in cost. A cost model is formulated to find the optimal burn-in time that minimizes the expected burn-in cost. Conditional reliability for warranty period will be discussed. An illustrative example is included to show how to use the cost model in prctice.

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Optimal Allocations in Two-Stage Cluster Sampling

  • Koh, Bong-Sung
    • Communications for Statistical Applications and Methods
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    • v.6 no.3
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    • pp.749-754
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    • 1999
  • The cost is known to be proportional to the size of sample. We consider a cost function of the form Cost=c1np+c2npmq where c1, c2 p, and q are all positive constants. This cost function is to be used in finding an optimal allocation in two-stage cluster sampling. The optimal allocations of n and m gives the properties of uniqueness under some conditions and of monotonicity with p>0 when q=1.

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Stochastic Time-Cost Tradeoff Using Genetic Algorithm

  • Lee, Hyung-Guk;Lee, Dong-Eun
    • International conference on construction engineering and project management
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    • 2015.10a
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    • pp.114-116
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    • 2015
  • This paper presents a Stochastic Time-Cost Tradeoff analysis system (STCT) that identifies optimal construction methods for activities, hence reducing the project completion time and cost simultaneously. It makes use of schedule information obtained from critical path method (CPM), applies alternative construction methods data obtained from estimators to respective activities, computes an optimal set of genetic algorithm (GA) parameters, executes simulation based GA experiments, and identifies near optimal solution(s). A test case verifies the usability of STCT.

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Optimal Life Cycle Cost Design of a Bridge (교량의 생애주기비용 최적설계)

  • Park, Jang-Ho;Shin, Yung-Seok
    • Journal of the Korean Society of Safety
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    • v.25 no.6
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    • pp.115-122
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    • 2010
  • The importance of the life cycle cost (LCC) analysis for bridges has been recognized over the last decade. However, it is difficult to predict LCC precisely since the costs occurring throughout the service life of the bridge depend on various parameters such as design, construction, maintenance, and environmental conditions. This paper presents a methodology for the optimal life cycle cost design of a bridge. Total LCC for the service life is calculated as the sum of initial cost, damage cost, maintenance cost, repair and rehabilitation cost, user cost, and disposal cost. The optimization method is applied to design of a bridge structure with minimal cost, in which the objective function is set to LCC and constraints are formulated on the basis of Korean Bridge Design Code. Initial cost is calculated based on standard costs of the Korea Construction Price Index and damage cost on damage probabilities to consider the uncertainty of load and resistance. Repair and rehabilitation cost is determined using load carrying capacity curves and user cost includes traffic operation costs and time delay costs. The optimal life cycle cost design of a bridge is performed and the effects of parameters are investigated.

A Study on the Optimal Equipment Selection of Series Systems using Life Cycle Cost and Failure Cost (Failure Cost와 Life Cycle Cost를 고려한 연속시스템에 대한 최적 장치 선택에 관한 연구)

  • Jin Sang-Hwa;Kim Yong-Ha;Song Hee-Oeul;Yeo Yeong-Koo;Kim In-Won
    • Journal of the Korean Society of Safety
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    • v.19 no.4 s.68
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    • pp.55-59
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    • 2004
  • In this study, the required life cycle cost is evaluated in consideration of the equipment's availability during its lift cycle. In order to meet the maximum availability required by the process, the failure cost and life cycle cost is assessed The optimal equipment selection method is presented according to the analysis of the failure cost and life cycle cost. For the systems in which equipments are connected serially, the optimal equipments are selected by minimizing the life cycle cost and satisfying the required system availability goal. In addition, the selection methods and lift cycle cost are analyzed according to the cost variation of the equipment. By using the life cycle evaluation procedure, the failure cost and maintenance cost needed during the life cycle of the equipment can be presented.

Optimal Routing of Distribution Networks Considering Reliability Indices (신뢰도지수를 고려한 배전계통시스템의 최적전력전송경로 결정)

  • Roh, P.K.;Kim, J.O.
    • Proceedings of the KIEE Conference
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    • 1998.07c
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    • pp.915-917
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    • 1998
  • Optimal routing of distribution networks can be attained by keeping the line power capacity limit to handle load requirements, acceptable voltage at customer loads, and the reliability indices such as SAIFI, SAIDI, CAIDI, and ASAI limits. This method is composed of optimal loss reduction and optimal reliability cost reduction. The former is solved relating to the conductor resistance of all alternative routes, and the latter is solved relating to the failure rate and duration of each alternative route. The routing considering optimal loss only and both optimal loss and optimal reliability cost are compared in this paper. The results showed that reliability cost should be considered as well as loss reduction to achieve the optimal routing in the distribution networks.

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Optimal Capacity and Allocation Distributed Generation by Minimization Operation Cost of Distribution System (배전계통 운영비용의 최소화에 의한 분산전원의 최적 용량과 위치결정)

  • 배인수;박정훈;김진오;김규호
    • The Transactions of the Korean Institute of Electrical Engineers A
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    • v.53 no.9
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    • pp.481-486
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    • 2004
  • In operation of distribution system, $DG_s$ Distributed Generations) are installed as an alternative of extension and establishment of substations and transmission and distribution lines according to increasing power demand. In operation planning of $DG_s$, determining optimal capacity and allocation gets economical pro(it and improves power reliability. This paper proposes determining a optimal number, size and allocation of $DG_s$ needed to minimize operation cost of distribution system. Capacity of $DG_s$ (or economical operation of distribution system estimated by the load growth and line capacity during operation planning duration, DG allocations are determined to minimize total cost with power buying cost. operation cost of DG, loss cost and outage cost using GA(Genetic Algorithm).