• The Journal of the Institute of Internet, Broadcasting and Communication
• /
• v.22 no.3
• /
• pp.193-200
• /
• 2022

In this study, the finite-failure NHPP software reliability model was applied to the software development model based on the Weibull lifetime distribution (Goel-Okumoto, Rayleigh, Type-2 Gumbe), which is widely used in the software reliability field, and then the cost attributes were compared and evaluated. For this study, failure time data detected during normal operation of the software system were collected and used, the most-likelihood estimation (MLE) method was applied to the parameter estimation of the proposed model, and the calculation of the nonlinear equation was solved using the binary method. As a result, first, in the software development model, when the cost of testing per unit time and the cost of removing a single defect increased, the cost increased but the release time did not change, and when the cost of repairing failures detected during normal system operation increased, the cost increased and the release time was also delayed. Second, as a result of comprehensive comparative analysis of the proposed models, it was found that the Type-2 Gumble model was the most efficient model because the development cost was lower and the release time point was relatively faster than the Rayleigh model and the Goel-Okumoto basic model. Third, through this study, the development cost properties of the Weibull distribution model were newly evaluated, and the analyzed data is expected to be utilized as design data that enables software developers to explore the attributes of development cost and release time.

• International conference on construction engineering and project management
• /
• 2013.01a
• /
• pp.467-474
• /
• 2013

Construction contactors must continuously seek to improve their cash flows, which reside at the heart of their financial success. They require careful planning, analysis, and optimization to avoid the risk of bankruptcy, remain profitable, and secure long-term growth. Sources of cash include bank loans and retained earnings, which are conceptually similar in that they both incur a cost of capital. Financial management therefore requires accurate yet customizable modeling capabilities that can quantify all expenses, including said cost of capital. However, currently existing cash flow models in construction engineering and management have strongly simplified the manner in which interest is assessed, which may even lead to overstating it at a disadvantage to contractors. The variable nature of cash balances, especially in the early phases of construction projects, contribute to this challenging issue. This research therefore extends a new cash flow model with an accurate interest calculation. It utilizes singularity functions, so called because of their ability to flexibly model changes across any number of different ranges. The interest function is continuous for activity costs of any duration and allows the realistic case that activities may begin between integer time periods, which are often calendar months. Such fractional interest calculation has hitherto been lacking from the literature. It also provides insights into the self-referential behavior of compound interest for variable cash balances. The contribution of this study is twofold; augmenting the corpus of financial analysis theory with a new interest formula, whose strengths include its generic nature and that it can be evaluated at any fractional value of time, and providing construction managers with a tool to help improve and fine-tune the financial performance of their projects.

• Steel and Composite Structures
• /
• v.18 no.4
• /
• pp.853-871
• /
• 2015

Up to now, Japan has more than 200 corrugated steel web composite beam bridges which are under construction and have been constructed, and China has more than 30 corrugated steel web composite beam bridges. The bridge type includes the simply supported beam, continuous beam, continuous rigid frame and cable stayed bridge etc. The section form has developed to the single box and multi-cell box girder from the original single box and single chamber. From the stress performance and cost saving, the span range of 50~150 m is the most competitive. At present, the design mostly adopts the computational analytical method combining the spatial bar system model, plane beam grillage model and solid model. However, the spatial bar system model is short of the refinement analysis on the space effect, such as the shear lag effect, effective distribution width problem, and eccentric load factor problem etc. Due to the similarity of the plane beam grillage method in the equivalence principle, it cannot accurately reflect the shearing stress distribution and local stress of the top and bottom plates of the box type composite beam. The solid model is very difficult to combine with the overall calculation. Moreover, the spatial grid model can achieve the refinement analysis, with the integrity of the analysis and the comprehensiveness of the stress checking calculation, and can make up the deficiency of the analytical method currently. Through the example verification of the solid model and spatial grid model, it can be seen that the calculation results for the stress and the displacement of two models are almost consistent, indicating the applicability and precision of the spatial grid model.

• Solar Energy
• /
• v.19 no.3
• /
• pp.63-73
• /
• 1999

Ice storage systems are used to shift the peak load in day time into night time in summer. This paper describes a system simulation of partial ice storage system composed of an encapsulated ice storage tank, a screw compressor chiller, a heat exchanger, and a brine pump. For the system simulation, a one-dimensional model of ice storage tank is developed and validated by comparison with the performance data from measurements of an ice storage tank installed at a building. The control strategies considered in this study are chiller priority and storage priority being used commercially. The system is simulated with design cooling load of 600 RT peak load in design day and with off-design day cooling load, and the electric energy costs of the two control strategies for the same system size are compared. As a result of calculation, the energy consumption in a week for storage priority is higher than that for chiller priority control. However due to lower cost of night electric charge rate, energy cost for storage priority control is lower than chiller priority.

• Korean Journal of Construction Engineering and Management
• /
• v.22 no.3
• /
• pp.69-78
• /
• 2021

Estimated construction cost is an important index to secure an optimal budget which needs to go into construction projects in the previous of basic design phase. In order for public institutions to calculate the estimated construction cost, the cost per unit area of public buildings is used. However, the current calculation method of the estimated construction cost in public buildings is impossible to reflect the characteristics of many facilities and combinations. The purpose of this study is to develop an estimation model in the previous of basic design phase for the elementary, middle and high school facilities. it is expected that it is possible to estimate the construction cost of the elementary, middle and high schools in a reasonable and reliable manner through the estimation model developed in this study.

• Proceedings of the Korean Operations and Management Science Society Conference
• /
• 2003.11a
• /
• pp.305-308
• /
• 2003

It is widely used that a network termination rate is calculated by using a Long Run Incremental Costing model. Interconnection Order issued Ministry of Information and Communication in Korea on December 2002 has declared that termination charges of local, national, payphone, and mobile calls are going to be determined by LRIC costing models after 2004. There are lots of preceding researches on a fixed network costing model for applying to LRIC method but on a mobile network not pretty much of them. Besides, Most important basis of current calculation models for termination charges are access costs to connect subscribers to network such as a local loop. In this paper, we look into being of access costs in mobile network and show the applicable standards for cost allocation of access costs in implementing LRIC costing model.

• Journal of the Korean Society of Industry Convergence
• /
• v.8 no.2
• /
• pp.85-95
• /
• 2005

The margin level in the futures market platys an important role in balancing the default probability with the investor's opportunity cost. In this paper, we investigate whether the movement of KOSPI200 futures daily prices can be modeled with the extreme value theory. Based on this investigation, we examine the validity of the margin level set by the extreme value theory. Moreover, we propose an expected profit-maximization model for securities companies. In this model, the extreme value theory is used for cost estimation, and a regression analysis is used for revenue calculation. Computational results are presented to compare the extreme value distribution with the empirical distribution of margin violation in KOSPI200 and to examine the suitability of the expected profit-maximization model.

• Proceedings of the Korea Technology Innovation Society Conference
• /
• 2004.05a
• /
• pp.25-36
• /
• 2004

The key objective of this paper is to suggest a pilot model for mobile network interconnection charge calculation by bottom-up long-run incremental costing methodology. Interconnection issues have lately attracted considerable attention by network operators and regulators. However there is no standard by all the network operators' agreement. The costing method is an acute problem because the interconnection charge is directly related to the network operators' revenue. Thus Korea has planned to launch the new interconnection policy based on the current traffic distribution and then we simulate the model in a sample area with virtual data. The results propose objective and reasonable guideline for the mobile network element cost calculation. It can be helpful for calculating price floor or bottom-up long run incremental interconnection charge by regulator.

• Proceedings of the Earthquake Engineering Society of Korea Conference
• /
• 2006.03a
• /
• pp.374-381
• /
• 2006

This study presents a new information model for building a database which is used for the Damage Calculation in a Road network after Seismic outbreak (DCRS). The component which is required for information system and data analysis is divided by four factors. Those are Ground Motion Component, Road Network Component, Fragile Structure Component, and Cost Component. These components have various manners and procedures that build informations by each systems. In this study, applying the domestic system resources and these four factors, we presented the integrated evaluating system. finally, we also present the prototype of DCRS based on the ArcGIS. It is expected that developed prototype can play a role in more improved DCRS by advanced study.

• The Journal of Korean Institute of Information Technology
• /
• v.17 no.7
• /
• pp.123-131
• /
• 2019

In this paper, related studies were investigated by dividing them into cost-benefit analysis, security continuity services, and SW-centric calculations. The case analysis was conducted on A institutions in the United States, Japan and South Korea. Based on this, an improvement model was prepared through comparison with the current system. The SCS(Security Continuity Service) performance evaluation system-based information protection service cost calculation model is proposed. This method applies a service level agreement(SLA) and NIST Cybersecurity framework that are highly effective through cost-effectiveness analysis and calculates consideration based on characteristics, performance criteria, and weights by information protection service. This model can be used as a tool to objectively calculate the cost of information protection services at public institutions. It is also expected that this system can be established by strengthening the current recommended statutory level to the enforceability level, improving the evaluation system of state agencies and public institutions, introducing a verification system of information protection services by national certification bodies, and expanding its scope to all systems.