• Title/Summary/Keyword: Value-driven model

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Comparison of Asset Management Approaches to Optimize Navigable Waterway Infrastructure

  • Oni, Bukola;Madson, Katherine;MacKenzie, Cameron
    • International conference on construction engineering and project management
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    • 2022.06a
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    • pp.3-10
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    • 2022
  • An estimated investment gap of $176 billion needs to be filled over the next ten years to improve America's inland waterway transportation systems. Many of these infrastructure systems are now beyond their original 50-year design life and are often behind in maintenance due to funding constraints. Therefore, long-term maintenance strategies (i.e., asset management (AM) strategies) are needed to optimize investments across these waterway systems to improve their condition. Two common AM strategies include policy-driven maintenance and performance-driven maintenance. Currently, limited research exists on selecting the optimal AM approach for managing inland waterway transportation assets. Therefore, the goal of this study is to provide a decision model that can be used to select the optimal alternative between the two AM approaches by considering key uncertainties such as asset condition, asset test results, and asset failure. We achieve this goal by addressing the decision problem as a single-criterion problem, which calculates each alternative's expected value and certain equivalence using allocated monetary values to determine the recommended alternative for optimally maintaining navigable waterways. The decision model considers estimated and predicted values based on the current state of the infrastructure. This research concludes that the performance-based approach is the optimal alternative based on the expected value obtained from the analysis. This research sets the stage for further studies on fiscal constraints that will effectively optimize these assets condition.

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The Analysis of Economic Impact for Fourth Industrial Revolution Industry using Demand-driven Model (수요유도형 모형을 이용한 4차 산업혁명 산업의 경제적 파급효과 분석)

  • Jeong, Eun-Hee
    • The Journal of Korea Institute of Information, Electronics, and Communication Technology
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    • v.14 no.1
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    • pp.70-77
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    • 2021
  • This paper was reclassified industries related to the 4th industrial revolution into manufacturing, information and communication services, finance and insurance services, and science and technology services by comparing the industry association table with the Korean standard industry classification. And the economic ripple effect was analyzed by exogenizing the four sectors of the industry using a demand-driven model. The wholesale and retail and product brokerage services were measured to be large in the manufacturing, information communication services, and science technology service sector according as a result of analysis of the production inducement effect, added value inducement effect, and employment inducement effect. And the financial and insurance services were analyzed to be large in the financial and insurance services sector. The import inducement effect was analyzed to be the largest in all sectors of the fourth industry. As a result of the forward and backward linkage effect, it was confirmed that the manufacturing and the information communication services sector were the intermediate primary production type sensitive to economic fluctuations. Also it was confirmed that the financial and insurance services and the science technology services sector were the final primary production type.

Extreme value modeling of structural load effects with non-identical distribution using clustering

  • Zhou, Junyong;Ruan, Xin;Shi, Xuefei;Pan, Chudong
    • Structural Engineering and Mechanics
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    • v.74 no.1
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    • pp.55-67
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    • 2020
  • The common practice to predict the characteristic structural load effects (LEs) in long reference periods is to employ the extreme value theory (EVT) for building limit distributions. However, most applications ignore that LEs are driven by multiple loading events and thus do not have the identical distribution, a prerequisite for EVT. In this study, we propose the composite extreme value modeling approach using clustering to (a) cluster initial blended samples into finite identical distributed subsamples using the finite mixture model, expectation-maximization algorithm, and the Akaike information criterion; (b) combine limit distributions of subsamples into a composite prediction equation using the generalized Pareto distribution based on a joint threshold. The proposed approach was validated both through numerical examples with known solutions and engineering applications of bridge traffic LEs on a long-span bridge. The results indicate that a joint threshold largely benefits the composite extreme value modeling, many appropriate tail approaching models can be used, and the equation form is simply the sum of the weighted models. In numerical examples, the proposed approach using clustering generated accurate extrema prediction of any reference period compared with the known solutions, whereas the common practice of employing EVT without clustering on the mixture data showed large deviations. Real-world bridge traffic LEs are driven by multi-events and present multipeak distributions, and the proposed approach is more capable of capturing the tendency of tailed LEs than the conventional approach. The proposed approach is expected to have wide applications to general problems such as samples that are driven by multiple events and that do not have the identical distribution.

UML Extension for Code Generation (코드 생성을 위한 UML 확장)

  • Hyunseok Min
    • Proceedings of the Korea Information Processing Society Conference
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    • 2008.11a
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    • pp.480-483
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    • 2008
  • OMG 가 시작한 MDA(Model Driven Architecture) 는 소프트웨어 개발자들사이에 빠르게 전파되고 있다. UML 은 OMG 에 의해 MDA 를 위한 언어로 선택되었는데, UML 은 PIM(Platform Independent Model)에서 PSM(Platform Specific Model)을 생성하기에는 충분하지 않다. 하지만, 이러한 PIM-PSM 변환을 가능한한 자동화할수 있는데 이 논문은 자동 코드 생성을 위해 UML 의 확장 방법인 Stereotype 과 Tagged-Value 에 대해 논하게 된다. 또한, Aspect-Oriented 접근을 위해서 AOP 로 확장된 UML 에서 비 AOP 언어로 코드 생성이 가능하게 되는 새로운 방법도 제안을 한다.

A Comparative Analysis on the Role of the Oil Refinery Industry in the Korean and Japanese National Economy (한국 및 일본 정유산업의 국민경제적 역할 비교 분석)

  • Jin, Se-Jun;Ahn, So-Yeon;Yoo, Seung-Hoon
    • Journal of Energy Engineering
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    • v.25 no.4
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    • pp.37-52
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    • 2016
  • This study attempts to compare the role of the oil refinery industry in the Korean and Japanese national economy using an inter-industry analysis. First of all, the study conducts a comparative analysis on production-inducing effects and value-added creation effects of the oil refinery industry based on demand-driven model. Moreover, we investigate the supply shortage effects and sectoral pervasive effects of price change by using supply-driven model and Leontief price model, respectively. These analyses have been done by specifying the oil refinery industry as not endogenous but exogenous. The results show that1 won of production or investment in the oil refinery industry induces 0.2620 won and 0.6537 won of production in other industries of Korea and Japan, respectively. The former is less than the latter. It also creates 0.0946 won and 0.0536 won of value-added in other industries of Korea and Japan, respectively. The first is larger than the second. The effects of 1 won of supply shortage in oil refinery industry on other industries are computed to be 0.9657 won and 1.4476 won for Korea and Japan, respectively, and thus the former is smaller than the latter. Finally, the pervasive effects of 10% price change in oil refinery industry are estimated to be 0.3819% and 0.3409% in Korea and Japan, respectively, and thus the first is larger than the second.

A Comparative Analysis on the Economic Effects of the Electricity Industry of Korea and Japan (한국과 일본 전력산업의 경제적 파급효과 비교 분석)

  • Lee, Seung-Jae;Euh, Seung Seub;Yoo, Seung-Hoon
    • Journal of Energy Engineering
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    • v.24 no.2
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    • pp.59-71
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    • 2015
  • This study attempts to examine the economic impacts of electricity industry in Korea and Japan using an inter-industry analysis. Specifically, the study analyzes and compares electricity industry between Japan and Korea through production-inducing effect and value added inducing effect of electricity industry based on demand-driven model. Moreover, this study deals with supply shortage effect and sectoral price effect by using supply-driven model and Leontief price model, respectively. This study analyses the electricity industry through exogenous approach. The results show that electricity industry induces prodution-inducing effect of 0.5946 won in other industries in Korea and 0.5446 yen in other industries in Japan. Value-added-inducing effects are 0.1716 won in other in other industries in Korea and 0.2929 yen in other industries in Japan. Supply shortage effects of electricity industry are 1.5932 won in other industries in Korea and 1.2801 yen in other industries in Japan. And sectoral price effects are 0.2113% in Korea and 0.2196% in Japan due to the price increase of 10% of electricity industry.

Study on eBook Acquisition Model based on Patron-Driven Acquisitions (PDA(Patron-Driven Acquisitions) 방식 전자책 수서 모형에 관한 연구)

  • Cho, Jane
    • Journal of the Korean BIBLIA Society for library and Information Science
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    • v.26 no.4
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    • pp.105-121
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    • 2015
  • PDA model is new collection development method not only corresponding user's demand, but also expensing acquisition budget effectively. In the PDA model, when the trigger that indicates user's demand reaches up to treshold, e-book is automatically purchased without librarian's interrogation. This study examines concept, basic principles, and current condition of operation about PDA and finds a way that could applicate to Korean university library foreign E-book consortium. Current model of university library e-book acquisition pursuit reduction of budget and utility value, but the selected collection is not based on user's demand. Therefore, it could be considerable to apply PDA or evidence based purchase model to foreign e-book acquisition consortium.

The Tensile Properties for Powder-driven-nail Connections for Japanese Larch Small Round Timber

  • Shim, Kug-Bo;Lee, Do-Sik
    • Journal of the Korean Wood Science and Technology
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    • v.33 no.2 s.130
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    • pp.8-16
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    • 2005
  • In an effort to encourage the development of value added engineered applications for small diameter round timber, research is being conducted to develop and verify design guidelines for connections with specific application to round timbers. The objective of this research is to provide potential users with a number of viable connection options applicable in the fabrication of engineered, round wood structural components and systems. Target uses include trusses, built up flange beams and space frames. This paper presents information on a mortised steel plate connection fabricated using powder driven nails in 6 cm diameter Japanese Larch. The design load for PDN connections are around 1.3 kN per nail with strip and 0.8 kN per nail without stripe. The design model for PDN connectors could be chosen by the number of nails. If the number of nails are more than the critical number between nail bearing and wood failure, the wood failure model could be the way to design the structure safely. The wood failure model needs to be studied more but the model could be the tensile and cleavage mixed failure model.

Software development project management using Agile methodology (Agile 방법론을 이용한 소프트웨어 개발 프로젝트관리)

  • kim, tai-dal
    • The Journal of the Institute of Internet, Broadcasting and Communication
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    • v.16 no.1
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    • pp.155-162
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    • 2016
  • In recent years, hoping the interaction of individuals and rather than software development process and tools, and customers want software that works first, rather than a comprehensive document, in cooperation with the customer, rather than the developer negotiate a contract, to each other stick to the plan I think even more so than the value that corresponds to the change. In view of this, software development is given the autonomy and motivation to project team rather than process-oriented and have a passion and vision and human relations oriented management approach is required. In recent years, increasing the productivity benefits of agile development processes, improved quality, efficiency and customer satisfaction as is demonstrated in the methodology selected to promote the project, attention was given to the experts. Contemporary demands with regard to the methodology chosen to meet your needs, in this paper in the organization, and to solve the problems of product-based Cross functional team proposed methodology Feature Team model, this model is an organizational Cross functional team and the team is not the outcome (product) basis, were examined for the model that points to progress the development across multiple product as a functional unit, value-plan through the driven agile technique-based model and proposed a difference. And the domain analysis, required extraction by conventional JAD (joint application development) meeting the targets for the object-oriented modeling, in modeling and organize, review, aware in advance and the UML Structure and Behavior Diagrams and proposed to proceed with the project.

Application of Time-Driven Activity-Based Costing(TDABC) for Total Productive Maintenance(TPM) and Cost of Quality(COQ) Processes (TPM과 COQ 프로세스에서 시간동인 ABC시스템의 활용)

  • Choi, Sungwoon
    • Journal of the Korea Safety Management & Science
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    • v.17 no.1
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    • pp.321-335
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    • 2015
  • This study introduces the methods to apply and develop the integrated Cost of Quality (COQ) and Time-Driven Activity-Based Costing (TDABC) model for seeking not only quality improvement but also reduction of overhead cost. Inefficient and uneconomical COQ activities can be identified by using time driver which also maximizes the quality improvement for Prevention-Appraisal- Failure (PAF) quality costs. In contrast, reduction of the indirect cost of unused capacity resource using Quality Cost Capacity Ratio (QCCR) of TDABC minimizes overhead cost for COQ activities. In addition, linkage between Overall Equipment Effective (OEE) and Time Driver develops the integrated system of Total Productive Maintenance (TPM) and TDABC model. Lean OEE maximizes when an Unused Time (UT) of TDABC that are TPM losses and lean wastes reduces whereas the TPM Cost Capacity Ratio (TCCR) of TDABC minimizes indirect cost for non-value added TPM activities. Numerical examples are derived to better understand the proposed COQ/TDABC model and TPM/TDABC model from this paper. From the proposed model, process mapping and time driver of TDABC are known to lessen indirect cost from general ledger of comprehensive income statement with a better quality innovation and improvement of equipment.