• Title/Summary/Keyword: Process Value Analysis

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The Economic Value Analysis of the Potential Wind Farm Site Using the Black-Scholes Model (블랙 숄즈 모델을 이용한 잠재적 풍력발전 위치의 경제적 가치분석)

  • Jaehun Sim
    • Journal of Korean Society of Industrial and Systems Engineering
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    • v.45 no.4
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    • pp.21-30
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    • 2022
  • To mitigate the environmental impacts of the energy sector, the government of South Korea has made a continuous effort to facilitate the development and commercialization of renewable energy. As a result, the efficiency of renewable energy plants is not a consideration in the potential site selection process. To contribute to the overall sustainability of this increasingly important sector, this study utilizes the Black-Scholes model to evaluate the economic value of potential sites for off-site wind farms, while analyzing the environmental mitigation of these potential sites in terms of carbon emission reduction. In order to incorporate the importance of flexibility and uncertainty factors in the evaluation process, this study has developed a site evaluation model focused on system dynamics and real option approaches that compares the expected revenue and expected cost during the life cycle of off-site wind farm sites. Using sensitivity analysis, this study further investigates two uncertainty factors (namely, investment cost and wind energy production) on the economic value and carbon emission reduction of potential wind farm locations.

A Study on User's Value Consciousness toward Products and Patterns of Design Evaluation (제품에 대한 사용자의 가치의식에 따른 디자인 평가의 유형에 관한 연구)

  • Shong, Chang-Ho;Choi, Myoung-Sik
    • Archives of design research
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    • v.19 no.5 s.67
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    • pp.255-268
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    • 2006
  • This study raised a question about 'how user's psychological value consciousness influences design evaluation and evaluated 14 product samples. Three main categories were chosen to be analyzed; product evaluation by step, value consciousness toward products, and creation of shape image and design evaluation. In order to obtain results, four research hypotheses were established a and case study was conducted as part of 'conclusive research' for verification. 120 university students in their 20s majoring in product design were chosen as testees in a bid to increase the accuracy of data. With data collected, the whole flow was analyzed by simple tabulation and further analysis was carried out in three evaluation items. An analysis method was mainly quantitative, focusing on multivariate analysis like factor analysis, cluster analysis, etc. The empirical analysis of this study was verified at P<.05 significance level and SPSSWIN 12.0 program was used for statistic process. As a result, four conclusions were gained regarding 'user's value consciousness toward products and pattern of design evaluation'.

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Analysis of Difference Between the Process Capability Indices and the Process Incapability Indices. (공정능력지수와 비공정능력지수의 차이분석)

  • 양정문;이보근;김정자
    • Journal of Korean Society of Industrial and Systems Engineering
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    • v.21 no.45
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    • pp.347-356
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    • 1998
  • For assessing the capability of a process, the quantification of process location and variation is central to understanding the quality of units produced from the manufacturing process. Conventional process capability indices is insufficient to drive out the information for process condition, furthermore it is very difficult to evaluate the process capability accurately when the target value is not consistent with the center of specification, and/or the shape of distribution is changed, but the process incapability indices is enable to provide more detailed information to evaluate the process capability by dividing information about the process mean and variance. In this paper, we have a brief review and comparison about these indices, provide an understanding of the relationships between the process capability indices and the incapability indices. And we explore the strengths and weakness of these indices as they apply to normally distributed process, and to examine the effect that non-normality has on these indices.

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A Study on the Collaboration of the Function Analysis and Idea Creation Phase with Function Integration FAST(FI FAST) and Hierarchical Value Engineering Concept Modules(HVECM) (통합 기능계통도와 계층적 컨셉모듈을 활용한 기능분석단계와 창조단계의 연계성에 관한 고찰)

  • In, Chi-Sung;NamKung, In-Il;Hyun, Chang-Taek;Koo, Kyo-Jin
    • Proceedings of the Korean Institute Of Construction Engineering and Management
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    • 2006.11a
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    • pp.355-360
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    • 2006
  • Function analysis and idea creation phase in Value Engineering(VE) Process is applied to manufacturing Industry for developing functions for elements of products, and in construction come to use various components like process, size of project, spaces as well as function itself due to multi-functional aspect. For this reason, VE applications to the construction industry are considered to be less frequent and efficient than to the manufacturing. To resolve this problem, a new technique of Function Integration Fast(HI FAST) and Hierarchical Value Engineering Concept Modules(HVECM) was made for practical integration and sequence of VE job Plan. Two types of function would be defined In this method, first and second function, during the job Plan process, and two function champions be selected for next creation phase process. For verification of consecutiveness of function analysis and idea creation phase for successful VE project implementation, this methodology was tested under design phase in office and IT Multi-functional building project. Make sure the successful application of this process with this method, need to develop the talent of VE experts and team members for process of function analysis and creation phase.

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Shape Optimization for Lightweight of the Line Center for Processing Complex Shape Parts (복합형상 부품 가공용 라인센터의 경량화를 위한 형상 최적화에 관한 연구)

  • Park, Do-Hyun;Jeong, Ho-In;Kim, Sang-Won;Lee, Choon-Man
    • Journal of the Korean Society of Manufacturing Process Engineers
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    • v.20 no.8
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    • pp.86-92
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    • 2021
  • As interest and demand for high value-added industries, including the global automobile and aerospace industries, have increased recently, demand for line centers with excellent performance that can respond to the production system for producing high value-added products is also rapidly increasing. A line center improves productivity based on the installed area using a multi-spindle compared to a conventional machining center. However, as the number of spindles increases, the weight increases and results in structural problems owing to the heat and vibration generated by each spindle. Therefore, it is necessary to improve machining precision through the structural improvement of the line center. This study presents research on the stabilization design of the line center through structural stability analysis through structural analysis to develop a compact multi-axis line center. An optimization model of the line center has been proposed to improve the processing precision and increase the rigidity by performing weight reduction based on the structural analysis results.

A Study on the Design Value Analysis Model Using Probabilistic LCC Analysis of Water Supply System Project (확률적 LCC분석기법을 활용한 수도시설물의 설계VA모델에 관한 연구)

  • Jung Pyung-Ki;Seo Jong-Won;Lim Jong-Kwon
    • Korean Journal of Construction Engineering and Management
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    • v.5 no.2 s.18
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    • pp.181-193
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    • 2004
  • A life cycle cost analysis model for public water supply systems should be different from the ones for other civil and architectural facilities as the operation and the maintenance cost of the water supply systems mainly come from the various mechanical systems and the pipeline systems of the collecting/treating/distributing facilities. This paper presents a cost classification scheme and a probabilistic life cycle cost analysis (PLCCA) model for public water supply systems. A value analysis (VA) procedure that is well suited for practical purposes is also presented. The presented probabilistic life cycle model and the value analysis procedure were applied to a real world project, and this case study is discussed in the paper. The model and the procedure presented in this study can greatly contribute to the value-oriented design alternative selection, the estimation of the maintenance cost, and the allocation of budget for water supply system construction projects.

A Study on Analysis of Importance Weights of Riverfront Assessment Items Using Analytic Hierarchy Process - Focused on the Gyeong-An Stream in Gyeonggi Province - (AHP 기법을 이용한 하천 친수공간 평가항목 중요도 분석 연구 - 경기도 경안천을 중심으로 -)

  • Lee, Hyung-Sook
    • Journal of Korean Society of Rural Planning
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    • v.20 no.1
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    • pp.27-36
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    • 2014
  • The purposes of this study are to identify assessment items to evaluate riverfront for amenity and recreation and to analyze the relative importance of the items using Analytic Hierarchy Process(AHP). Total 15 items of 5 categories were identified through literature review and panel discussion. Based on the AHP analysis results, a weighted value was set for each of the layers in the hierachy. 'Ecological Characteristics' (0.333) was rated with the highest weighted value. followed by 'Landscape Characteristics'(0.190) and 'Physical Characteristics'(0.166). Among the assessment items, 'Water Quality' (0.152) and 'River Naturality'(0.118) had higher weighted values. With the set of assessment items field assessments were carried out for Gyung-An Stream of Gyeonggi-Do to exam its applicability. Total 6 segments and 31 reaches out of the 22.5 km long river were evaluated and the mean scores of the five categories were converted into a percentile score for comparison. Overall, the segments which had higher scores were located close to neighborhood areas and had better connections with other historical and cultural amenities. Also, existing facilities was an important factor and needs to be considered for waterfront development.

Research on Core Competence of Cultural Industry in Korea

  • Li, Yu;Li, Hao
    • Asian Journal of Business Environment
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    • v.7 no.2
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    • pp.17-20
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    • 2017
  • Purpose - This paper will go deep into the analysis of Korean Cultural industry development, and the result of the analysis shows that the cultural value of cultural product, competitive product lines and mature Market Mechanism are core competences of Korean Cultural industry. Research design, data, and methodology - This is a case study in the era of knowledge based economy, Cultural industry has become a new increasing point of economic development. Cultural industry, commonly regarded as an industry with high-ended value, is occupying more important role in economic development and social welfare promotion process. Results - Moreover the increasingly important role of cultural industry will hopefully help to promote industrial upgrading process and finally become a driving force for economic growth and technological innovation. During the process of cultural development, improving core competence of Cultural industry is a key consideration to help the development of Cultural industry in a positive way. Conclusions - From the study above, we find that in order to ensure sustainable development of Cultural industry, emphasis should be put on finding and improving core competence. Core competence of Korean Cultural industry is important and inspiring to the development of Chinese Cultural industry and regional integration in the East Asian area.

An Efficient Method for Mold Thermal Cycle Analysis in Repeated Forming Process and its Application to TV Glass Process (반복 성형공정에서 금형 열사이클 해석을 위한 효과적 방법 및 TV유리 공정에의 적용)

  • Choi, Joo-Ho;Kim, Jun-Bum;Hwang, Jung-Hea;Ha, Duk-Sik
    • Proceedings of the KSME Conference
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    • 2000.04b
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    • pp.252-257
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    • 2000
  • An efficient method is developed for mold thermal cycle analysis in repeated forming process, which is well suited to the analysis in TV glass production. plunger, which is a mold to press-form the glass, undergoes temperature fluctuation during a cycle due to the repeated contact and separation from the glass, which attains a cyclic steady state in the end. If analyzed straightforwardly of this problem, it leads to more than 80 cycles to get reasonable solution, and it is yet hard to setup stopping creteria due to extremely slow convergence. An exponential fitting method is proposed to solve the problem, where an exponential function is found to best approximate temperature values of 3 consecutive cycles, and new cycle is restarted with the function value at infinite time. From numerical implementation, it is found that the method reduces the number of cycles dramatically to only $6{\sim}15$ cycles to reach accurate solution within $1^{\circ}$ error. A system for the analysis is contructed, in which the thermal analysis is performed by commercial software ANSYS, and the fitting of the result is done by IMSL library.

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Relationship among Brand Value Propositions, Brand Attitude and Brand Attachment considering Consumer Involvement (소비자 관여도를 고려한 브랜드 가치 제공, 브랜드 태도, 브랜드 애착의 관계)

  • Kim, Gyu-Bae;Kim, Byoung-Goo
    • Journal of Distribution Science
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    • v.14 no.2
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    • pp.103-111
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    • 2016
  • Purpose - Many variables are needed for brand loyalty such as brand attitude, brand attachment, brand love and brand commitment. Thus, we should manage these all variables successfully for strong and differentiated brand equity. This study aims to identify the process of how the brand value propositions affect the brand attitude and brand attachment. This study specially conceptualizes that not only utilitarian value and hedonic value influence the brand attitude but also hedonic value influences the brand attachment. This study focuses on the moderating role of consumer involvement such as cognitive involvement and affective involvement in the causal relationships among brand value propositions, brand attitude, and brand attachment. Research design, data, and methodology - The five hypotheses were proposed and tested in this study. Three hypotheses were about the relationship among the brand value propositions(utilitarian value and hedonic value), brand attitude, and brand attachment. The other two hypotheses were about the moderating effect on consumer involvement in the causal relationships among brand value propositions, brand attitude, and brand attachment. Research data were collected from the students of universities located in Daejeon-Si and Chungchungnam-Do. For the purpose of test the hypotheses empirically, the 208 responses were used. We utilized SPSS18.0 for statistical analysis such as reliability test, factor analysis, and regression analysis. Results - The results show that the utilitarian value and hedonic value have influence on the brand attitude positively. The results also show that the hedonic value has influence on the brand attachment positively. We found that there is a moderating effect on the cognitive involvement in the relationship between the utilitarian value and the brand attitude. However, there is no moderating effect on the affective involvement in the relationship between the hedonic value and brand attachment. In Summary, 4 of 5 hypotheses in this study were supported and 1 hypothesis was not supported. We should identify the reason why the hypothesis 5, the moderating effect of the affective involvement in the relationship between the hedonic value and brand attachment, was rejected in this empirical analysis. Conclusions - Both the utilitarian value and the hedonic value that propose a brand are important for brand attitude. Specially, the hedonic value is important for brand attachment. Companies should provide the consumers with both the utilitarian value and the hedonic value in a balanced way for their favorable brand attitude and strong brand attachment. In the retail industry, the balance between the utilitarian value and the hedonic value is important in that there are many product brands and store brands providing consumers with various benefit and values. Also, there are possibilities that the causal relationships among brand value propositions, brand attitude and brand attachment are moderated by consumer involvement such as cognitive involvement and affective involvement. Companies should understand and consider consumer involvement for their efficient and effective brand management decision making.