• Title/Summary/Keyword: Performance and Cost Analysis.

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Panamax Second-hand Vessel Valuation Model (파나막스 중고선가치 추정모델 연구)

  • Lim, Sang-Seop;Lee, Ki-Hwan;Yang, Huck-Jun;Yun, Hee-Sung
    • Journal of Navigation and Port Research
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    • v.43 no.1
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    • pp.72-78
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    • 2019
  • The second-hand ship market provides immediate access to the freight market for shipping investors. When introducing second-hand vessels, the precise estimate of the price is crucial to the decision-making process because it directly affects the burden of capital cost to investors in the future. Previous studies on the second-hand market have mainly focused on the market efficiency. The number of papers on the estimation of second-hand vessel values is very limited. This study proposes an artificial neural network model that has not been attempted in previous studies. Six factors, freight, new-building price, orderbook, scrap price, age and vessel size, that affect the second-hand ship price were identified through literature review. The employed data is 366 real trading records of Panamax second-hand vessels reported to Clarkson between January 2016 and December 2018. Statistical filtering was carried out through correlation analysis and stepwise regression analysis, and three parameters, which are freight, age and size, were selected. Ten-fold cross validation was used to estimate the hyper-parameters of the artificial neural network model. The result of this study confirmed that the performance of the artificial neural network model is better than that of simple stepwise regression analysis. The application of the statistical verification process and artificial neural network model differentiates this paper from others. In addition, it is expected that a scientific model that satisfies both statistical rationality and accuracy of the results will make a contribution to real-life practices.

A Study on Variations of the Low Cycle Fatigue Life of a High Pressure Turbine Nozzle Caused by Inlet Temperature Profiles and Installation Conditions (고압터빈 노즐에서 입구온도분포와 장착조건에 따른 저주기 피로 수명 영향에 대한 연구)

  • Huh, Jae Sung;Kang, Young Seok;Rhee, Dong Ho;Seo, Do Young
    • Transactions of the Korean Society of Mechanical Engineers A
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    • v.39 no.11
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    • pp.1145-1151
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    • 2015
  • High pressure components of a gas turbine engine must operate for a long life under severe conditions in order to maximize the performance and minimize the maintenance cost. Enhanced cooling design, thermal barrier coating techniques, and nickel-base superalloys have been applied for overcoming them and furthermore, material modeling, finite element analysis, statistical techniques, and etc. in design stage have been utilized widely. This article aims to evaluate the effects on the low cycle fatigue life of the high pressure turbine nozzle caused by different turbine inlet temperature profiles and installation conditions and to investigate the most favorable operating condition to the turbine nozzle. To achieve it, the structural analysis, which utilized the results of conjugate heat transfer analysis as loading boundary conditions, was performed and its results were the input for the assessment of low cycle fatigue life at several critical zones.

A Study on Management Performance & Logistics Role of Japanese SOGO-SHOSYA in Energy Business (에너지 자원사업에서 본 일본 종합상사의 경영성과와 국제물류기능에 대한 연구)

  • Koo, Kyoungmo;Oh, Yongsik
    • Journal of Korea Port Economic Association
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    • v.28 no.3
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    • pp.45-72
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    • 2012
  • This work uses data associated with business activity and outcome on the five main SOGO-SHOSYA and considers meaning of its outcome and logistics function in energy business field in recent 10 years. The contents of this work embody three chapters, which are an investigation on advanced research, an analysis of SOGO-SHOSYA business outcome, logistics function in its energy business field, Research method are used by statistical analysis and organizational structure analysis as well as case study. We will search for the reason that the energy business has worked well lately. There are actively securing interests of energy exploitation and longer-term investment to affiliated companies, building supply chain system with internal and external businesses. Especially, we will account for the logistics role of SOGO-SHOSYA that has newly understood the international logistics function in energy business field. SOGO-SHOSYA has coordinated organizationally from upstream to downstream in energy business, is showing its abilities in midstream related features that involve investor, organizer and analyst. SOGO-SHOSYA's building up logistics function will help supply chain in energy business for rising the competitiveness of price and quality, and support cost-reducing in activities of supply chain.

Development of Mechanistic-empirical Joint Spacing Design Method for Concrete Pavements (역학적-경험적 콘크리트 포장 줄눈간격 설계방법 개발)

  • Park, Joo-Young;Hong, Dong-Seong;Lim, Jin-Sun;Jeong, Jin-Hoon
    • International Journal of Highway Engineering
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    • v.13 no.4
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    • pp.51-59
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    • 2011
  • Tensile stress occurs and random crack develops in concrete pavement slab when it contracts by variation of temperature and humidity. The tensile stress decreases and the random crack is minimized by sawcutting the slab and inducing the crack with regular spacing. The random crack, joint damage, decrease of load transfer efficiency are caused by too wide joint spacing while too narrow joint spacing leads to increase of construction cost and decrease of comfort. A mechanistic-empirical joint spacing design method for the concrete pavement was developed in this study. Structurally and environmentally weakest sections were found among the sections showing good performance, and design strengths were determined by finite element analysis on the sections. The joint width for which the load transfer efficiency is suddenly lowered was determined as allowable joint with referring to existing research results. The maximum joint spacing for which the maximum tensile stress calculated by the finite element analysis did not exceed the design strength were found. And the maximum joint width expected by the maximum joint spacing were compared to the allowable joint width. The new method developed in this study was applied to two zones of Hamyang-Woolsan Expressway being designed. The same joint spacing as a test section constructed by 8.0m of joint spacing wider than usual was calculated by the design method. Very low cracking measured at 6 years after opening of the test section verified the design method developed in this study.

Analysis on The Economic Impacts of Construction New Excellent Technology (건설신기술의 경제적 파급효과 분석)

  • Paek, Nam-Jong;Park, Hwan-Pyo;Lee, Kyo-Sun
    • Korean Journal of Construction Engineering and Management
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    • v.12 no.1
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    • pp.115-124
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    • 2011
  • The Construction New Excellent Technology was introduced to promote the development of domestic construction technology and enhance national competitiveness, by inspiring the development desire of technology developers in 1989. Domestic Construction New Excellent Technology is first introduced in 1989, the total 596 cases were assigned to the new technology and it was used the construction site. Also, it was achieved the quantitative performance of thirty-hundred applications and was effected to the domestic construction industry. However, the systematic analysis about the introduction effects of Construction New Excellent Technology are none. Therefore, the quantitative analysis of economic effects in construction industry have to a justification in according to operation of Construction New Excellent Technology system and verification of superiority. And then, the Construction New Excellent Technology system needs a developing base in the future. In this study, The Economic Impacts of Construction New Excellent Technology were analyzed in quantitatively such as a cost savings effects, the employment effects, the effects on Value-added, the import substitution effects due to use of Construction New Excellent Technology. This study will be used promotion of economics and superiority in the Construction New Excellent Technology.

Analysis of the major subcontract competence factors of overseas plant construction (해외 플랜트 공사의 주요 하도급 역량 요인 도출 및 분석)

  • Kim, Hwa-Rang;Sohn, Tae-Hong;Jang, Hyoun-Seung
    • Korean Journal of Construction Engineering and Management
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    • v.14 no.5
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    • pp.84-91
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    • 2013
  • In 2012, Korean overseas construction market has achieved 64.9 billion dollars of contract order and its amount has increased since the mid 2000's. However, importance of qualitative growth based on profitability as well as quantitative growth is also emphasized. This study analyzed overseas plant project's subcontract process management which is closely related to cost management as one of the qualitative growth methods. In order to select major subcontract processes, extensive literature review and focus group interview(FGI) were implemented and then professionals with years of experience in the overseas plant projects were participated in the questionnaire survey. The collected data were analyzed by Benefit-Structure Analysis(BSA) model. The findings of this study include: (1) the seven and six subcontract processes are positioned in the area of importance control factor and in the area of maintenance/control factor, respectively; (2) administration capability attainment is needed for the six subcontract processes in the area of importance control factor and sustainable management system is required for the processes in the maintenance/control factor area. The further research will identify key subcontract processes to be managed for overseas plant projects by Korean EPC contractors based on the findings of this research.

Selective Word Embedding for Sentence Classification by Considering Information Gain and Word Similarity (문장 분류를 위한 정보 이득 및 유사도에 따른 단어 제거와 선택적 단어 임베딩 방안)

  • Lee, Min Seok;Yang, Seok Woo;Lee, Hong Joo
    • Journal of Intelligence and Information Systems
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    • v.25 no.4
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    • pp.105-122
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    • 2019
  • Dimensionality reduction is one of the methods to handle big data in text mining. For dimensionality reduction, we should consider the density of data, which has a significant influence on the performance of sentence classification. It requires lots of computations for data of higher dimensions. Eventually, it can cause lots of computational cost and overfitting in the model. Thus, the dimension reduction process is necessary to improve the performance of the model. Diverse methods have been proposed from only lessening the noise of data like misspelling or informal text to including semantic and syntactic information. On top of it, the expression and selection of the text features have impacts on the performance of the classifier for sentence classification, which is one of the fields of Natural Language Processing. The common goal of dimension reduction is to find latent space that is representative of raw data from observation space. Existing methods utilize various algorithms for dimensionality reduction, such as feature extraction and feature selection. In addition to these algorithms, word embeddings, learning low-dimensional vector space representations of words, that can capture semantic and syntactic information from data are also utilized. For improving performance, recent studies have suggested methods that the word dictionary is modified according to the positive and negative score of pre-defined words. The basic idea of this study is that similar words have similar vector representations. Once the feature selection algorithm selects the words that are not important, we thought the words that are similar to the selected words also have no impacts on sentence classification. This study proposes two ways to achieve more accurate classification that conduct selective word elimination under specific regulations and construct word embedding based on Word2Vec embedding. To select words having low importance from the text, we use information gain algorithm to measure the importance and cosine similarity to search for similar words. First, we eliminate words that have comparatively low information gain values from the raw text and form word embedding. Second, we select words additionally that are similar to the words that have a low level of information gain values and make word embedding. In the end, these filtered text and word embedding apply to the deep learning models; Convolutional Neural Network and Attention-Based Bidirectional LSTM. This study uses customer reviews on Kindle in Amazon.com, IMDB, and Yelp as datasets, and classify each data using the deep learning models. The reviews got more than five helpful votes, and the ratio of helpful votes was over 70% classified as helpful reviews. Also, Yelp only shows the number of helpful votes. We extracted 100,000 reviews which got more than five helpful votes using a random sampling method among 750,000 reviews. The minimal preprocessing was executed to each dataset, such as removing numbers and special characters from text data. To evaluate the proposed methods, we compared the performances of Word2Vec and GloVe word embeddings, which used all the words. We showed that one of the proposed methods is better than the embeddings with all the words. By removing unimportant words, we can get better performance. However, if we removed too many words, it showed that the performance was lowered. For future research, it is required to consider diverse ways of preprocessing and the in-depth analysis for the co-occurrence of words to measure similarity values among words. Also, we only applied the proposed method with Word2Vec. Other embedding methods such as GloVe, fastText, ELMo can be applied with the proposed methods, and it is possible to identify the possible combinations between word embedding methods and elimination methods.

Timing Verification of AUTOSAR-compliant Diesel Engine Management System Using Measurement-based Worst-case Execution Time Analysis (측정기반 최악실행시간 분석 기법을 이용한 AUTOSAR 호환 승용디젤엔진제어기의 실시간 성능 검증에 관한 연구)

  • Park, Inseok;Kang, Eunhwan;Chung, Jaesung;Sohn, Jeongwon;Sunwoo, Myoungho;Lee, Kangseok;Lee, Wootaik;Youn, Jeamyoung;Won, Donghoon
    • Transactions of the Korean Society of Automotive Engineers
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    • v.22 no.5
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    • pp.91-101
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    • 2014
  • In this study, we presented a timing verification method for a passenger car diesel engine management system (EMS) using measurement-based worst-case execution time (WCET) analysis. In order to cope with AUTOSAR-compliant software architecture, a development process model is proposed. In the process model, a runnable is regarded as a test unit and its temporal behavior (i.e. maximum observed execution time, MOET) is obtained along with on-target functionality evaluation results during online unit test. Furthermore, a cost-effective framework for online unit test is proposed. Because the runtime environment layer and the standard calibration environment are utilized to implement test interface, additional resource consumption of the target processor is minimized. Using the proposed development process model and unit test framework, the MOETs of 86 runnables for diesel EMS are obtained with 213 unit test cases. Using the obtained MOETs of runnables, the WCETs of tasks are estimated and the schedulability is evaluated. From the schedulability analysis results, the problems of the initially designed schedule table is recognized and it is fixed by redesigning of the runnable mapping and task offset. Through the various test scenarios, the proposed method is validated.

Feasibility Analysis on Replacing LED Lighting with Incandescent Bulbs in Public Institution (백열 전구의 LED 조명 교체에 대한 타당성 분석 - 공공기관을 중심으로 -)

  • Park, Youn Mi;Lee, Myung Koon
    • Journal of Climate Change Research
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    • v.1 no.3
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    • pp.205-210
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    • 2010
  • LED light has various advantages such as an energy saving effect of over 80% compared to existing lighting and environmentally friendly characteristics; however, there has been no affordable market for LED lighting because of its expensive price. This study discussed the validity of the expansion of distribution of LED lighting through an assessment of economic efficiency concerning LED lightening in order to analyze its efficiency in terms of energy savings and maintenance and repair, which will be generated as a result of the change from existing incandescent bulbs to LED lighting in the public sector. As to the target of analysis, the paper reviewed the validity of change to LED lighting as a result of the elimination of existing incandescent bulbs, by referring to 'the current incandescent bulb use and elimination performance' published by the Ministry of Knowledge Economy based on the "Elimination management system" executed by Korea Energy Management Corporation. The paper considered expenses for change, annual power savings amount and electric charges savings amount, repair and maintenance cost, $CO_2$ reduction volume, and the profit from the sale of CER (certified emission reduction). As a result of analyzing economic efficiency, when the discount rate during the change of existing incandescent bulb lighting to LED lighting is 3.26%, the profit was 8,648,400,000 won. Accordingly, NPV was analyzed to have a 'positive (+)' value, which means that this change is profitable.

A Study on the Activation of Green Remodeling to Achieve Carbon Neutrality - Focusing on a case of Gwangmyeong City - (탄소중립 목표 달성을 위한 그린리모델링 활성화 방안에 관한 연구 - 광명시 사례를 중심으로 -)

  • Kim, Gi-Ran;Lee, Ju-hyun;Kim, Kyong Ju;Kim, Kyoungmin
    • Korean Journal of Construction Engineering and Management
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    • v.24 no.5
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    • pp.12-21
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    • 2023
  • Green remodeling proposed in the Korean New Deal is a project to build or remodel eco-friendly and energy-efficient buildings using renewable energy facilities and high-performance insulation for public buildings. The government intends to achieve the carbon emission reduction target by conducting green remodeling. Major overseas cities that conduct green remodeling are actively promoting technology support and promotion along with energy performance evaluation according to building characteristics, subsidies for private revitalization, and tax benefits. With this background, the analysis of the current status and problems of the green remodeling project was performed and the Activation factors of Green Remodeling were derived from survey results. This study suggested strategic measures such as a participation of civil society, promotion, and priority selection of administration and policy measures such as a leading role of the public sector, expanding support for the socially underprivileged, and financial support and tax benefits. And this study results are expected to be utilized as basic data to promote the green remodeling project.