• Title/Summary/Keyword: cost minimization

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Economic Evaluation of Vaccinations - a Methodologic Review (예방접종의 경제성 평가방법과 사례)

  • Chun, Byung Chul
    • Pediatric Infection and Vaccine
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    • v.15 no.1
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    • pp.20-29
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    • 2008
  • The basis of the economic evaluation of vaccination is the balance between the use of the resources (input) and the improvements that result from the vaccination (output). Techniques used for economic evaluation of vaccination are cost analysis, cost-minimization analysis, cost-effectiveness analysis, cost-utility analysis and cost-benefit analysis. Cost analysis seeks to characterize the costs of a given vaccination program. Cost-effective analysis is to helps policy-makers decide on the best use of allocated resources, whether cost-benefit analysis is to helps policy-makers decide on the overall allocation of resources. Cost-utility analysis is a specific form of cost-effective analysis in which outcomes are reduced to a common denominator such as the quality-adjusted life year (QALY) or disability-adjusted life year (DALY). Many economic analyses have been conducted on vaccines in the world, but there have been a little studies on economic evaluation on vaccines in Korea. This paper reviewed the methodology used to economic evaluation on vaccines and immunizations and addressed some examples of the methods.

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The Design of Iron Loss Minimization of 600W IPMSM by Quasi-newton Method (Quasi-Newton Method에 의한 600W IPMSM의 철손 최소화 설계)

  • Baek, Sung-min;Cho, Gyu-won;Kim, Gyu-tak
    • The Transactions of The Korean Institute of Electrical Engineers
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    • v.66 no.7
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    • pp.1053-1058
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    • 2017
  • In this paper, the design of iron loss minimization of 600W was performed by using Quasi-Newton method. Stator shoe, the width of stator teeth and yoke, and the length of d-axis flux path were selected as design parameters, and the output characteristics according to each design variable were considered. The objective function was set to minimize iron loss. Using the Quasi-Newton method, the variables converged to the target value while changing simultaneously and multiple times. As the algorithm advanced optimization, the correlation with the behavior of each variable was compared and analyzed.

The Effect of Success Factors on SCM Performance in Fashion Industry Stream (패션산업 스트림에 따라 SCM 성공요인이 SCM 성과에 미치는 영향연구)

  • Choi, Jin-Hyeok;Shin, Sang-Moo
    • Journal of Fashion Business
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    • v.16 no.2
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    • pp.12-26
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    • 2012
  • Fashion industry characteristically goes through many steps to manufacture and to retail apparel products. Complex inter-industry channels with many intermediaries in fashion industry provoked many problems regarding recognizing customer's need, delivering time, flexibility, and inventory control. Therefore, the purposes of this study were to investigate the differences between apparel manufacturing and distribution process in SCM success factors and performances, and to investigate how SCM success factors affect on performances. Questionnaire was developed and distributed to apparel industry. The returned 116 questionnaires were analyzed by Cronbach's alpha for internal validity, factor analysis, t-test, and regression analysis with SPSS14.0. The results of this study were as follows: There was significant difference of SCM success factors between apparel manufacturing and distribution regarding process standardization and integration. There were significant differences of SCM performances such as reaction for customer, flexible management, cost minimization, and maximized asset utilization which distribution was higher than apparel manufacturing process. In apparel manufacturing, SC strategic relation, and integrative management influenced upon reaction for customer of SCM performances. SC integrative management influenced upon cost minimization. SC integrative management influenced upon maximized asset utilization. In distribution, SC strategic relation, and activated support for SCM influenced upon reaction for customer of SCM performances. SCM specialization, credible relationship among supply chains, activated support for SCM, and SC integrative management influenced upon cost minimization. SCM specialization, credible relationship among supply chains, and SC integrative management influenced upon maximized asset utilization.

Optimal Replacement Policy of Degradation System with Loss Function (손실함수를 고려한 열화시스템의 최적교체정책)

  • 박종훈;이창훈
    • Journal of Applied Reliability
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    • v.1 no.1
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    • pp.35-46
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    • 2001
  • Replacement policy of a degradation system is investigated by incorporating the loss function. Loss function is defined by the deviation of the value of quality characteristic from its target value, which determines the loss cost. Cost function is comprised of the inspection cost, replacement cost and loss cost. Two cost minimization problems are formulated : 1)determination of an optimal inspection period given the state for the replacement and 2)determination of an optimal state for replacement under fixed inspection period. Simulation analysis is performed to observe the variation of total cost with respect to the variation of the parameters of loss function and inspection cost, respectively As a result, parameters of loss function are seen to be the most sensitive to the total cost. On the contrary, inspection cost is observed to be insensitive. This study can be applied to the replacement policy of a degradation system which has to produce the quality critical product.

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The Study of the Lean Printing System on the Prepress (Prepress 중심으로 한 Lean Printing System에 관한 연구)

  • Lee, Sang-Hyun;Ha, Young-Baeck;Oh, Sung-Sang;Choi, Jae-Hyuk;Yoo, Keun-Ryong;Lee, Jae-Su
    • Journal of the Korean Graphic Arts Communication Society
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    • v.29 no.3
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    • pp.77-96
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    • 2011
  • Most of all manufacturing industries are pursuing the manufacturing process innovation through the production process automation but the printing industry still does not get out of the analog ways of the entire process compared the entire manufacturing industry. Today, many printing enterprises have the difficulties by the short for delivery, multi-item small amount printing, high quality, rise in raw material cost, drop in receiving order cost, and etc. The printing industry can get over these difficulties and issues by implementing the compact workflow line, merge with the others, automatization and networking, minimization of the repetitive operation, efficiency of the working process, optimization of the operators' value creation, minimization of cost and materials and fast make-ready. The object of this thesis establishes the experimental data and study cases applicable in the printing industry by having high labor productivity and work in line with printing industry processes through "lean printing system".

Cost Effectiveness of Bse-Isolation for Bridges in Low and Moderate Seismic Region (중저진 지역에서의 지진격리교량의 경제적 효율성에 관한 연구)

  • 고현무
    • Proceedings of the Earthquake Engineering Society of Korea Conference
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    • 1999.04a
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    • pp.178-185
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    • 1999
  • Minimum life-cycle cost helps to evaluate cost effectiveness of base-isolated bridges under specific condition. Life-cycle cost mainly consists of the initial construction cost and the expected damage cost. Damage cost estimation needs proper model of input ground motion failure probability evaluation method and limit states definition. We model the input ground motion as spectral density function compatible with the response spectra defined at each seismicity and site condition. Spectrum analysis and crossing theory is suitable for reseating calculation of failure probabilities in the process of cost minimization. Limit states of base-isolated bridges re defined for superstructure isolator and pier respectively The method is applied to both base-isolated bridges and conventional bridges under the same conditions to investigate cost effectiveness of base isolation in low and moderate seismic region. the results show that base-isolation of bridges are more effective in low and moderate seismic region and that the site effects on the economical efficiency may not be negligible in such a region.

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Optimal Capacity and Allocation Distributed Generation by Minimization Operation Cost of Distribution System (배전계통 운영비용의 최소화에 의한 분산전원의 최적 용량과 위치결정)

  • 배인수;박정훈;김진오;김규호
    • The Transactions of the Korean Institute of Electrical Engineers A
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    • v.53 no.9
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    • pp.481-486
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    • 2004
  • In operation of distribution system, $DG_s$ Distributed Generations) are installed as an alternative of extension and establishment of substations and transmission and distribution lines according to increasing power demand. In operation planning of $DG_s$, determining optimal capacity and allocation gets economical pro(it and improves power reliability. This paper proposes determining a optimal number, size and allocation of $DG_s$ needed to minimize operation cost of distribution system. Capacity of $DG_s$ (or economical operation of distribution system estimated by the load growth and line capacity during operation planning duration, DG allocations are determined to minimize total cost with power buying cost. operation cost of DG, loss cost and outage cost using GA(Genetic Algorithm).

Cost Effectiveness Evaluation of Seismic Isolated Bridges in Low and Moderate Seismic Region (중약진 지역에서의 지진격리교량의 비용효율성 평가)

  • 고현무
    • Proceedings of the Earthquake Engineering Society of Korea Conference
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    • 2000.10a
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    • pp.440-447
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    • 2000
  • In order to evaluate the cost effectiveness of seismic isolation for bridges in low and moderate seismic region, a method of calculation minimum life-cycle cost of seismic-isolated bridges under specific acceleration level and soil condition is developed. Input ground motion is modeled as spectral density function compatible with response spectrum for combination of acceleration coefficient and site coefficient. Failure probability is calculated by spectrum analysis based on random vibration theories to simplify repetitive calculations in the minimization procedure. Ductility of piers and its effects on cost effectiveness are considered by stochastic linearization method. Cost function and cost effectiveness index are defined by taking into consideration the characteristics of seismic isolated bridges. Limit states for calculation of failure probability are defined on superstructure, isolator and pier, respectively. The results of example design and analysis show that seismic isolation is more cost-effective in low and moderate seismic region than in high seismic region.

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The Cycle Time of the Vendor in a Single-Vendor Multi-Buyers Supply Chain (단일 공급자 다수 구매자 공급체인에서 공급자주기)

  • Chang, Suk Hwa
    • Journal of Korean Society of Industrial and Systems Engineering
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    • v.37 no.3
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    • pp.129-138
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    • 2014
  • This paper is to analyze the cycle time of the vendor in a single-vendor multi-buyers supply chain. The vendor is the manufacturer and the buyers are the retailers. The cycle time of the vendor is the elapse time from the beginning time of the production to the beginning time of the next production. The cycle time of the vendor that minimizes the total cost in a supply chain is analyzed. The cost factors are the production setup cost and the inventory holding cost of the vendor, the ordering cost and the inventory holding cost of the retailers. The cycle times of the vendor obtained with the costs of the vendor is compared with those obtained with the costs of the vendor and the retailers. Various numerical examples are tested if the cycle times of the vendor for both methods are the same.

A Solution Procedure for Minimizing AS/RS Construction Costs under Throughput Rate Requirement Constraint (작업처리능력 제약하에서 자동창고 건설비용 최소화를 위한 연구)

  • 나윤균;이동하;오근태
    • Journal of Korean Society of Industrial and Systems Engineering
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    • v.25 no.4
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    • pp.40-45
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    • 2002
  • An AS/RS construction cost minimization model under throughput rate requirement constraint has been developed, whose objective function includes S/R machine cost, storage rack cost, and interrace conveyor cost. S/R machine cost is a function of the storage rack height, the unit load weight, and the control logic used by the system, while storage rack cost is a function of the storage rack height, the weight and the volume of the unit load. Since the model is a nonlinear integer programming problem which is very hard to solve exactly with large problem size, a solution procedure is developed to determine the height and the length of the storage rack with a fixed number of S/R machines, while increasing the number of S/R machines one by one to meet the throughput rate requirement.