• Title/Summary/Keyword: Optimal economic life

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An Economic Life Test Sampling Plan for Repairable Products with Exponential Interfailure Time Distribution

  • Kwon, Young Il
    • Journal of Korean Society for Quality Management
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    • v.21 no.1
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    • pp.108-120
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    • 1993
  • In this article an economic life test sampling plan is considered for repairable products when the products in each lot have the same interfailure time distribution, but the mean time between failure (MTBF) of a lot varies from lot to lot according to a known prior distribution. A cost model is constructed which consists of test cost, accept cost, and reject cost. Determination of the optimal plan which minimizes the expected average cost per lot is discussed. Numerical examples are presented to illustrate the use of the proposed sampling plans and sensitivity analyses for parameters of the prior distribution are performed.

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A risk-based framework for design of concrete structures against earthquake

  • Hassani, Mohammadhassan;Behnam, Behrouz;Maknoon, Reza
    • Computers and Concrete
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    • v.25 no.2
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    • pp.167-179
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    • 2020
  • Optimal design of structures against earthquake loads is often limited to reduce initial construction costs, while the cost induced to structures during their useful life may be several times greater than the initial costs. Therefore, it is necessary to consider the indirect costs due to earthquakes in the design process. In this research, an integrated methodology for calculating life cycle cost (LCC) of moment-resisting concrete frames is presented. Increasing seismic safety of structures and reducing human casualties can play an important role in determining the optimal design. Costs incurred for structures are added to the costs of construction, including the costs of reconstruction, financial losses due to the time spent on reconstruction, interruption in building functionality, the value of people's life or disability, and content loss are a major part of the future costs. In this research, fifty years of useful life of structures from the beginning of the construction is considered as the life cycle. These costs should be considered as factors of calculating indirect costs of a structure. The results of this work represent the life cycle cost of a 4 story, 7 story, and 10 story moment-resisting concrete frame by details. This methodology is developed based on the economic conditions of Iran in 2016 and for the case of Tehran city.

Self-Consumption Solar PV Economic Rate Analysis for RE100 Companies in Korea (한국 RE100 기업의 자가소비 태양광 발전 경제적 비율 분석)

  • Jong Yi Lee;Kyung Nam Kim
    • Current Photovoltaic Research
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    • v.11 no.4
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    • pp.134-143
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    • 2023
  • Efforts are being made to respond to global warming. Interest in and demand for the private sector-led RE100 campaign is also increasing. Self-built solar power generation, one of the implementation tools for RE100, is not expanding. However, it can be an economical means of implementation in the long run. In this study, we intend to analyze the impact on the optimal ratio of self-solar power generation using HOMER simulation. OPR defines the optimal solar power generation ratio and looks into what changes there are in the optimal solar power ratio when self-power consumption increases and external power purchase price changes. As a result, the optimal rate of self-solar power generation has a low impact even if self-power consumption increases. As the external power unit price increases, the optimal ratio increases, and at a power unit price of 100 KRW/kWh, OPR is 24%; at 200 KRW/kWh OPR is 31%; and at 300 KRW/kWh OPR is 34%. This shows that the electricity price replaced during the life cycle has a high impact on the economic feasibility of solar power generation. However, when the external power unit price reached a certain level, the increase in OPR decreased. This shows that it is difficult for domestic companies to achieve RE100 based on the economic feasibility of solar energy alone. Therefore, efforts are needed to supply renewable energy in the public sector.

Reliability-based Approach to Optimal Economic Estimation of Concrete Cover Thickness under Carbonation Environment

  • Do, Jeong-Yun;Kim, Doo-Kie;Song, Hun;Jo, Young-Kug
    • International Journal of Concrete Structures and Materials
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    • v.3 no.2
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    • pp.103-110
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    • 2009
  • Concrete carbonation is a cause of problems in concrete structures, so it needs to be estimated. And concrete cover is designed to protect structures from this damaging. Usually the cover thickness is considered based on the limit states design codes in which the important target is the reliability safety index. However, it is not clear that whether the safety index determined is optimal or not with respect to the cost. The codes are mainly proceeded quantitatively (i.e. making a safe structure) while the economic aspects are only considered qualitatively. So the reliability-based design considering life cycle cost (LCC) is called for, and here the focus is on the advanced analysis solution to optimize the reliability safety regarding LCC.

A Research the Optimal Plant Life Cycle using Case Study (사례를 통한 최적 라이프 사이클에 관한 연구)

  • 심종칠;김창은;고용해
    • Journal of Korean Society of Industrial and Systems Engineering
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    • v.18 no.34
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    • pp.83-89
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    • 1995
  • We call as plant life cycle the process starting from plant plan, design to disuse by way of construction, operation, but the plant facility inside it comes to changes of cope with various inner factor like blazing phenomenon and outer factor according to economic state. On the presumption of these factors, the problem is brought about how plant should be managed, this study attempt to suggest the conservation management through economic evaluation in investment design and alternative, that is, methodology connecting that of economical efficiency evaluation based on LCC(Life Cycle Costing) thinking method and facility management with that of life prediction.

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A Development of the LCC Analysis Program Package for Optimal Maintenance of HVAC Systems (공조설비 유지관리용 LCC 분석 패키지 개발)

  • Kim, Yong-Ki;Woo, Nam-Sub;Lee, Tae-Won
    • Korean Journal of Air-Conditioning and Refrigeration Engineering
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    • v.21 no.9
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    • pp.513-518
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    • 2009
  • The building HVAC systems generally have very different qualities of performance and durability with the superintendent's interest in or capability of management and maintenance of them. The poor management of these systems finally lead to the shortening of the life expectancy and result in the increase of operating cost and energy consumption due to their low efficiencies. So it is necessary to develop tools to maintain adequately and to operate efficiently various building service equipments in order to cope with actively the global environment problems and energy crises. In this study the LCC based calculation program and package were developed, which could be used for analyses of the economic performance and determination of the reasonable maintenance time and methods of building HVAC systems.

Optimal Target Reliability of Bridges Based on Minimum Life-Cycle Cost Consideration

  • Wang, Junjie;Lee, J-C
    • Computational Structural Engineering : An International Journal
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    • v.2 no.1
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    • pp.11-17
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    • 2002
  • Cost-effectiveness in design is considered for determining the target reliability of concrete bridges under seismic actions. This objective can be achieved based on the economic optimization of the expected life-cycle cost of a bridge, which includes initial cost, direct losses, and indirect losses of a bridge due to strong earthquakes over its lifetime. A separating factor is defined to consider the redundancy of a transportation network. The Park-Ang damage model is employed to define the damage of a bridge under seismic action, and a Monte Carlo method based on the DRAIN-2DX program is developed to assess the failure probability of a bridge. The results for an example bridge analyzed in this paper show that the optimal target failure probability depends on the traffic volume carried by the bridge and is between 1.0×10/sup -3/ to 3.0×10/sup -3/ over a life of 50 years.

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Economic Feasibility Analysis on the Benefit of Daylighting Incorporation Devices under Clear Skies (주광연동 제어설비를 이용한 청공광의 경제성 평가)

  • Kim, Gon;Kim, Jeong-Tai
    • Korean Journal of Air-Conditioning and Refrigeration Engineering
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    • v.19 no.7
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    • pp.491-499
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    • 2007
  • An architectural means of optimal daylight distribution is by using so-called light shelf systems, horizontal shading and redirecting devices. The overall performance of the daylighting system can be improved by the incorporation with electric lighting control devices. This paper aims to exemplify the benefit of daylighting in term of economic consideration. In such a case a reasonable technique to compare system costs is by life-cycle costing. Stated simply, a life-cycle cost represents the total cost of a system over its entire life cycle, that is, the sum of first cost and all future costs. Four different electric lighting system designs are proposed and a lighting control system that is continuously operating according to the level of daylight in the space has been adapted. The result shows clearly that although denser layout of lighting fixtures might be more effective to interface to the level of daylight ceaselessly changeable, its economic benefit may not meet the expected criterion the reason of increased initial investment and maintenance cost for the fixtures and control devices.

Economic Probation on the Benefit of Daylighting by a Light-Guide System (생애주기비용분석 기법을 이용한 채광기능성 창호시스템의 경제성 평가에 관한 연구)

  • Kim, Gon;Kim, Jeong-Tai
    • KIEAE Journal
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    • v.6 no.3
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    • pp.11-18
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    • 2006
  • Attention on daylighting should be focused not so much on a simple maximization of the natural light available in a space, as on improving the quality of lighting by ensuring as even but intense distribution of illumination in inner areas. An architectural means of optimal daylight distribution is by using so-called light shelf systems, horizontal shading and redirecting devices. The overall performance of the daylighting system can be improved by the incorporation with electric lighting control devices. This paper aims to exemplify the benefit of daylighting in term of economic consideration. In such a case a reasonable technique to compare system costs is by life-cycle costing. Stated simply, a life-cycle cost represents the total cost of a system over its entire life cycle, that is, the sum of first cost and all future costs. Four different electric lighting system designs are proposed and a lighting control system that is continuously operating according to the level of daylight in the space has been adapted. The result shows clearly that although denser layout of lighting fixtures might be more effective to interface to the level of daylight ceaselessly changeable, its economic benefit may not meet the expected criterion the reason of increased initial investment and maintenance cost for the fixtures and control devices.

An Estimation of Disassembly and Assembly in Gear Systems with Considering of Reliability Life (기어장치의 수뢰수명을 고려한 분해 및 조립용이성 평가)

  • 진정선
    • Proceedings of the Korean Society of Machine Tool Engineers Conference
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    • 1998.10a
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    • pp.210-215
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    • 1998
  • In this paper, systemaic approach is studied about assembility and disassemblility of parts of the gear system in order to reduce the assembly cost, and to disassemble products easily which is possible to recycle the parts. That is, an estimation of disassembly and assembly with considering of reliability life. In this study, we use symbolic chart method for an economic model for optimal disassembly and assembly.

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