• Title/Summary/Keyword: cost improvement

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Report on VE & LCC (Value Engineering, Life Cycle Cost) Technics Introduction about the Electric Power Equipment (전력시설물에 대한 VE 와 LCC기법 도입에 관한 연구)

  • 김상직;장우진
    • Proceedings of the Korean Institute of IIIuminating and Electrical Installation Engineers Conference
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    • 2003.11a
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    • pp.81-86
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    • 2003
  • Recently the introduction of VE & LCC techniques for large size electric power facilities be achieved in various kinds form, of and tends to evaluate to the beginning investment cost when think about cost of electric power facilities usually, but must consider all life cycle cost (maintenance cost, repair cost, improvement cost, operation cost, electric power cost etc.). This treatise applies design techniques that consider copper loss related by voltage drop at power supply of long distance in trunk design and all life cycle cost techniques

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Study on Improvement Plan through Appropriateness Analysis of Standard of Survey Cost (측량대가 기준의 적정성 분석을 통한 개선방안 연구)

  • Han, Soohee;Lee, Byoungkil;Lee, Yong Wook
    • Journal of the Korean Society of Surveying, Geodesy, Photogrammetry and Cartography
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    • v.38 no.3
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    • pp.211-222
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    • 2020
  • The purpose of this study is to derive a plan to improve the standard of survey cost, which is a system for estimating survey cost operated by the National Geographic Information Institute. The current standard has not been revised significantly since the initial enactment. However, in the situation where the survey industry is getting worse, the actualization of the standard is an urgent task for training engineers and industrial development. In this study, in order to break the problems of the standard and to derive improvement plan, we analyzed the outline, basic characteristics, and history of the standard and compared it with similar domestic ones. We collected opinions from the government and the industry through a survey, and verified labor cost and overhead rates. The conclusions are as follows. First, it is necessary to complement standard for production rate that directly affects direct cost, and to compensate for the missing items in the direct cost. Second, when compared with cost standards in foreign countries and cadastre field, the labor cost in survey field was found to be very low and improvement is needed. Third, the overhead rates were assessed to be appropriate, and the problem of improper overhead design should be coped with by strengthening education and promotion. Fourth, it is necessary to consider the introduction of deliberation committee or standard market price system for rapid response to new technologies.

Economic Design of VSI $\bar X$ Control Chart for Decision to Improve Process (공정개선 의사결정을 위한 VSI $\bar X$ 관리도의 경제적 설계)

  • Song, Suh-Ill;Kim, Jae-Ho;Jung, Hey-Jin
    • Journal of Korean Society for Quality Management
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    • v.35 no.2
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    • pp.37-44
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    • 2007
  • Today, the statistical process control (SPC) in manufacture environment is an important role at the process by the productivity improvement of the manufacturing systems. The control chart in this statistical method is widely used as an important statistical tool to find the assignable cause that provoke the change of the process parameters such as the mean of interest or standard deviation. But the traditional SPC don't grasp the change of process according to the points fallen the near control limits because of monitoring the variance of process such as the fixed sampling interval and the sample size and handle the cost of the aspect of these sample point. The control chart can be divided into the statistical and economic design. Generally, the economic design considers the cost that maintains the quality level of process. But it is necessary to consider the cost of the process improvement by the learning effects. This study does the economic design in the VSI $\bar X$ control chart and added the concept of loss function of Taguchi in the cost model. Also, we preyed that the VSI $\bar X$ control chart is better than the FSI $\bar X$ in terms of the economic aspects and proposed the standard of the process improvement using the VSI $\bar X$ control chart.

Estimation of Water Quality Improvement Benefit Using Replacement Cost Approach (대체비용법을 이용한 하천 수질개선편익 산정)

  • Yeo, Kyu-Dong;Yi, Choong-Sung;Kim, Gil-Ho;Shim, Myung-Pil
    • Journal of Korea Water Resources Association
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    • v.42 no.4
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    • pp.343-353
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    • 2009
  • The objective of this study is to evaluate the effect of the water quality improvement by water discharge through dams and to provide a benefit estimation methodology, taking domestic situation into consideration, by the replacement cost approach analyzed with a sewage treatment plant instead of an alternative dam. To this end, facility that alternates a dam must have same functions of the discharged water from the dam and the two facilities must be able to be compared objectively. To estimate the benefit, estimation methodology of alternative facility's cost is established and criteria of cost.benefit analysis that are duration period and ratio of large scale repairing expense was presented. As a case study, the water quality improvement benefit of Song-Li-Won dam was evaluated, which is planned to be built on Nae-Sung stream in Nak-Dong River system. The results of applying this methodology to Song-Li-Won dam are 644,006 million won of the annual average discharge and 1,351,526 million won of maximum discharge. The usage of the framework in this study is expected for estimation of water quality improvement benefit in case water quality improvement project is performed.

Relationship Between Farm Land Structure and Machine Operation in Korea

  • Singh, Gajendra;Ahn, Duck-Hyun
    • Proceedings of the Korean Society for Agricultural Machinery Conference
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    • 1993.10a
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    • pp.129-138
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    • 1993
  • The shortage of agricultural labour due to industrial growth has greatly induced the mechanization in Korean agriculture. However small and scattered land holdings have been the main constraints in the process of mechanization. This paper describes the interrelationships of farm land structure, machinery selection and machinery operation areas. The sandy silt loam irrigated paddy land having single crop a year was selected as a target areas for this study. Machine operation cost is greatly influenced by operation period, plot geometry and operation area. On the improved geometry plots, optimal machine size increases slowly with increase in operation area. Operable area increases due to increased effective machine capacity on better geometry plot. The difference between the effects of operation period and plot geometry is that in the former case, the cost reduction is caused by delay in increase of machine size, whereas in the latter case timeliness cost is reduced by increase ffective capacity. The effect of farmland consolidation is greater on small plots than that on big plots. Increasing wage rates have induced the adoption of more labor saving machinery. Bigger labor saving machines require enlargement of operation area and larger plots through improvement in farm land structure. Machine cost on poor plot geometry increases more rapidly than that on the good plot geometry and as operation area increases machine cost reduces significantly. It is concluded that the development of agricultural mechanization ion Korea will depend on the improvement in farm land structure and enlargement of operation area.

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Economic analysis on development of low-carbon gear for anchovy boat seine (탄소저감형 권현망어구 개발의 경제성 분석)

  • Park, Seong-Wook;Lee, Kyounghoon;Kang, Min-Joo;Park, Seong-Kwae;Lee, Chun-Woo;Lee, Jihoon
    • Journal of the Korean Society of Fisheries and Ocean Technology
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    • v.49 no.3
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    • pp.291-300
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    • 2013
  • The main purpose of this study is to analyse economic feasibility of low-carbon-oriented gear for anchovy boat seine. The results of benefit/cost analysis showed that use of the low-carbon fishing gear is economically feasible. Considering the fuel saving and relatively low $CO_2$ emission by reducing the resistance of gear, net present value by such type 1 gear improvement was estimated about -2,490 ~ -1,580 million won with the benefit-cost ratio 0.81~ 0.88. And net present value by such type 2 gear improvement was estimated about 6,540 ~ 7,780 million won with the benefit-cost ratio 1.79 ~ 1.94. Development of lowcarbon trawl gear would render significant contributions to reducing $CO_2$ emission in fishing operations and lead to reduce fishing costs due to fuel savings.

Linear Programming Applications to Managerial Accounting Decision Makings (선형계획법을 이용한 관리회계적 의사결정)

  • Song, Han-Sik;Choi, Min-Cheol
    • Asia-Pacific Journal of Business
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    • v.9 no.4
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    • pp.99-117
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    • 2018
  • This study has investigated Linear Programming (LP) applications to special decision making problems in managerial accounting with the help of spreadsheet Solver tools. It uses scenario approaches to case examples having three products and three resources in make-and-supply business operations, which is applicable to cases having more variables and constraints. Integer Programmings (IP) are applied in order to model situations when products are better valued in integer values or logical constraints are required. Three cases in one-time-only special order decisions include Goal Programming approach, Knapsack problems with 0/1 selections, and fixed-charge 0/1 integer modelling techniques for set-up operation costs. For the decisions in outsourcing problems, opportunity-costs of resources expressed by shadow-prices are considered to determine their precise contributions. It has also shown that the improvement in work-shop operation for an unprofitable product must overcome its 'reduced cost' by the sum of direct manufacturing cost savings and its shadow-price contributions. This paper has demonstrated how various real situations of special decision problem in managerial accounting can be approached without mistakes by using LP's and IP's, and how students both in accounting and management science can acquire LP skills in their education.

A Study on the Estimation of the Proper Rates of Safety Management Cost in the Construction Technology Promotion Law for Reasonable Construction Safety Management (합리적인 건설안전 관리를 위한 건설기술진흥법상 안전관리비의 적정요율 산정에 관한 연구)

  • Yoon, Young Geun;Oh, Tae Keun;Lee, Myeong-Gu;Seong, Joo Hyun;Jung, Min Hyung
    • Journal of the Korean Society of Safety
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    • v.33 no.5
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    • pp.84-91
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    • 2018
  • Despite the government 's efforts to reduce constructional disasters, it has been pointed out that the safety management cost of the Construction Technology Promotion Act does not reflect the actual site. Therefore, it is necessary to study the proper guideline of the safety management cost which can be used as the most fundamental measure to prevent construction accidents. Moreover for the securement of the reasonable safety management costs, it is important to calculate its appropriate rate. Thus, in this study, the appropriate rate of safety management cost was proposed by the construction cost & type based on the 111 execution plans of safety management cost, and the rate is analyzed to be 1/10 of the occupational safety and health management cost. The results of this study will be a guideline in improvement to the proper schedule rating system improvement and in implement of pilot projects.

A Study on the Improvement of Total Cost Change Control in Private Investment Projects (민간투자시설사업에 있어 총사업비 변경관리의 개선방안 연구 - 고속도로 민간투자시설사업을 중심으로)

  • Kim Se-Jong;Kim Yong-Su
    • Proceedings of the Korean Institute Of Construction Engineering and Management
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    • autumn
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    • pp.119-126
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    • 2001
  • This paper analyzes problems related to total cost changes in private investment projects, and then proposes an improvement measure for the control of cost changes within the framework of the project management, contract, human resource, project communication, cost, and time management. From the viewpoint of contract management, the basis of cost change ought to be cleared up with standardization of related provisions in the concession agreement, and potentiality of change ought to be excluded with prescription of the private investor's leading role from the design phase. Regarding human resource management, this paper proposes a standard work flow granting much sovereign rights to private parts by putting restriction on work scopes of the entrusted authority of government, and transferring the rights of assignment, contract, and control about the responsible supervisor to the concessionaire. With regard to project communication management the notification of changes on drawings and technical documents ought to be automated and the realtime database ought to be established with DMIS (Drawings & Documents Management Information System). From the cost management point of view, this thesis integrates the control of cost-change-approved items and disapproved items to one cost breakdown system, and then harmonizes the actual progress with EVMS in time management.

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Improvement Scheme on Green Construction Cost & Benefit through Analyzing Trends and Case Studies (해외사례조사를 통한 녹색건설 비용 및 편익 정보 체계의 개선 방향)

  • Kim, Won-Tae;Choi, Seok-In;Chang, Chul-Ki
    • Korean Journal of Construction Engineering and Management
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    • v.14 no.5
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    • pp.44-54
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    • 2013
  • As a green construction is a world-wide hot issue, Korean government is also putting forth a multilateral effort into reducing energy usage with setting aggressive goal under green growth policy. It is essential to analyse cost raised from designing and building green construction and benefit derived from the built facility for the sustainable green construction. However, compared to advanced countries in terms of green construction, there is lack of data and a systematic way for data collection and analysis in Korea. Without analyzing the cost-benefit of green construction, investors will hesitate to put his/her money into green construction and we can not expect its growth in construction industry. In this paper, cost of green construction was defined and categorized. Through case studies and various reports on cost-benefit analysis in advanced green construction countries, problems in terms of data collection and analysis in domestic green construction sector and improvement ways were suggested. The results of this study will contribute in classification of cost and benefit of green construction, data collection in systematic way, and increasing the feasibility of green construction via appropriate analysis on cost-benefit of green construction.