• IE interfaces
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• v.15 no.3
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• pp.279-285
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• 2002

A break-even analysis is a method used widely for profit planning or decisions in most companies. It is useful tool in financial studies because it is simple and offers useful insights from a modest amount of data. Although it is widely used, it has some weaknesses. It is limited in particular to the analysis for a short term time horizon or one period. We suggest a new break-even procedure to analyze projects with a long term time horizon as keeping the simplicity of a conventional break-even analysis. We will make efforts doing to include actual data for a cost or an income as much as possible rather than developing a mathematical model to improve unreality of a traditional break-even analysis. Also, we will use the spreadsheet software to solve problems.

• Journal of Korean Institute of Industrial Engineers
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• v.14 no.1
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• pp.91-101
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• 1988

Break-even analysis is a simple and useful tool in decisions and planning activities though its use is somewhat limited to short-term analysis. The subject is discussed in the fields of engineering economics, production management, cost and managerial accounting, finance, marketing, and so on. Conventional break-even analysis suits the case of stable price and low interest rate. In this paper, we try to overcome the limit by considering following factors, namely, time value of money, depreciation, tax, and capital gains. Also, considering learning effect, we increase applicability to a new project which raises certain changes such as a replacement of production process, an employee turnover, etc. Thus, we suggest a model which has a dynamic break-even quantity per period for the project. Furthermore, we examine the effect of inflation in break-even analysis.

• The Journal of Fisheries Business Administration
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• v.46 no.2
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• pp.13-29
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• 2015

The abalone aquaculture has been very rapidly developed in Korea. Annual production quantity was less 200 tons before 2000th, it have been increased to over 9,000 tons in 2014. Also Abalone export amounts have been over 20 million dollars. The reason of rapid growth of Abalone aquaculture in Korea is due to high level profit ratio. Then now many fishing officers and other aquaculture fishers want to participate with abalone aquaculture newly. However Recent Abalone aquaculture in Korea is faced some problems. Aspects of production environmental status of fishing grounds are more aggravate, and then abalone aquaculture is exposed to various disease, and death rate of young abalone is higher. And aspect of management, the aquaculture cost is more increase. The demand of abalone also is depressing recently, this cause to come down the production price. In this viewpoint, Management analysis of abalone aquaculture in Korea is helpful for decision making of general aquaculture fisher want to participate newly. The analysis is practiced two aspects. One is index analysis, and the other is Break-even-point(BEP) analysis. The result of index analysis, average net profit rate has shown 28.0%, however the Regional difference has excessive. That is, Wando(major) has shown 39.4%, and Haenam province has shown 14.2%. On the other hand, the more scale has shown higher profit rate by aquaculture scale. And the result of BEP analysis, average has shown 93 cage number per abalone aquaculture household, and Wando(major) has shown 56 cage number, Haenam province has shown 131 cage number. The lower production abalone price of recent means higher BEP level.

• Journal of Biosystems Engineering
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• v.34 no.4
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• pp.220-227
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• 2009

In the process of oyster mushroom production, loading work of culture medium needs the most intensive labor power. Therefore, development of culture medium machine causes to reduce the manpower and cost. The main objective of this study is to develop the culture medium loading machine and investigate the optimal operation conditions and to evaluate the economic value of the machine. The results are summarized as follows: 1. Optimum transporting velocity of the conveyor was 0.61 m/s 2. Optimum speed of blower was 3183 rpm at the transporting velocity of 0.61 m/s with the loading quantity of 3.41 t/hr 3. Recommendable opening area ratio of pressure controller was 1/2 at the blower speed of 3183 rpm and the transporting velocity of 0.61 m/s 4. The break even point resulted in $240\;m^2$ of cultivating area compared to the method of with portable workbench, and $350\;m^2$ of cultivating area compared to the method of with a tractor and a truck.

• Journal of Biosystems Engineering
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• v.13 no.3
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• pp.44-51
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• 1988

The objective of this study is to develop a grain handling system for loading, unloading and transporting of rough rice stored at the in-bin drying and storage (IBDS) developed by the Korea Advanced Institute of Science and Technology(KAIST). A mechanized Fain handling system consisted of a portable auger and a gate was developed and tested. The test results can be summarized as the following: 1) The loading capacity of the handling system developed is $16.2m^3/h$ (8.3 ton/h) for the Indica type rice and $13.0m^3/h$(7.3 ton/h) for the Japonica type. It is greater than that of manual handling as much as 2.5 - 2.7 times. 2) The unloading capacity of the handling system developed is $16.0m^3/h$(8.2 ton/h) for the Indica type rice and $12.6m^3/h$(7.0 ton/h) for the Japonica type. It is greater than that of the manual as much as 4.7 - 5.5 times. 3) For 3-ton capacity of the storage, the loading and unloading can be performed for 20 and 30 minutes by one man operation of equipment. while 60 and 120 minute for the manual of 2 men, respectively. 4) The volumetric efficiency of the system developed is 0.42 - 0.54 and the power efficiency is 4.0 - 4.4. 5) The break-even quantity of the handling system developed is about 38.6 ton($68.7m^3$) of rough rice and the initial investment for the system would be returned within five years for the most owners of the KAIST IBDS system.