• Journal of Korean Institute of Industrial Engineers
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• v.24 no.3
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• pp.359-365
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• 1998

An economic process monitoring procedure is presented when the major quality characteristic of the item is dichotomous. Every item is inspected and decided whether it is conforming or not. If an item is found to be nonconforming, the previous number of the successive conforming items is compared with a predetermined number r to check the process for existence of any assignable cause of variation. A cost model is constructed on the basis of costs of inspection, illegal signal, undetected out-of-control state and corrective action. By minimizing the expected total cost per unit time, the optimal value of r is obtained. The effects of cost coefficients are studied numerically.

• Proceedings of the KSR Conference
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• 2007.11a
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• pp.792-800
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• 2007

The annual power cost for Seoul metro operations is about 65.5 billion won, of which rail motors account for 60% among total power consumptions. It is expected that the power consumption would increase because of global warming, future high electric equipments demands, etc. To reduce these consumptions, it is necessary to analyze the transportation demands of passengers, arrange the power-saving driving environments, respond flexible vehicles service, and improve how to drive vehicles. These method to reduce power consumption for rail motors can lead to improve the Seoul metro management. In this research, the improvement plan is derived by collecting and analyzing the data for total 33 power consumptions factors, screening top 10 factors by priority and impact, establishing each hypothesis to execute correlation and recursion analyses. As a result of 4 items research among top 10 affected factors, the power consumption for rail motors in 2006 is effectively reduced; the power usage is down with 13,870 kwh, from 531,539 kwh to 517,669 kwh, and the cost is down with 1,026 million won, from 39, 334 million won to 38,308 million won.

• Journal of the Korea Institute of Building Construction
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• v.4 no.1
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• pp.105-110
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• 2004

Resource procurement is an important management area because cost of resource covers 40％ of total construction project cost and resource delivery has direct relationship with project performance. Integration of cost provides various potentials for effective and efficient project control. This study investigates the usefulness of time in resource procurement management focused on materials. These days, construction projects have characterized manufacture because of industrialization and component. Therefore, application of systematic resource planning has been requested in the construction. There are many companies conducting procurement of resource on the web by applying MRP, ERP etc. in the construction. However, in applying them in the construction yet, there is obstruction. MRP has the character doing its function under accurate cost prediction of resource. But prediction of resource is difficult in industry mechanism of the construction. If accurate cost prediction of resource is possible in the construction, it will be expected to reduce cost of procurement of resource substantially by applying successful resource planning model in the manufacture. On the basis of recent current, the purpose of study is to present procurement of resource system that period observance of construction and minimization of stock is possible by reflecting accurate lead-time to apply proactive thought to be able to cope with alteration of construction schedule efficiently in analyzing resource planning of the construction site.

• International conference on construction engineering and project management
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• 2011.02a
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• pp.273-279
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• 2011

Concerns over the environment have spawned a number of research studies in the construction industry, as the construction of built environments and large infrastructures involves diverse environmental impacts and loads of hazardous emissions. Many researchers have attempted to quantify these environmental loads, including greenhouse gases, carbon dioxide, nitrogen dioxide, and sulfur dioxide, to name a few. However, little research has been conducted regarding integrating the life-cycle assessment (LCA) of environmental loads with the current life-cycle cost analysis (LCCA) approach. This study aims to estimate the environmental loads as a monetary value using the European Climate Exchange (ECX) rate and, then, to integrate those impacts with the pure construction cost. Toward this end, this study suggests an integrated approach that takes into account the environmental effect on the evaluation of the life-cycle cost (LCC). The bill of quantity (BOQ) data of a real highway project are collected and analyzed for this purpose. As a result, considering the environmental loads in the pavement process, the total LCC increased 16% from the traditional LCC cost. This study suggests an integrated approach that will account the environmental effect on the LCC. Additionally, this study is expected to contribute to better decision-making, from the perspective of more sustainable development, for government as well as for contractors.

• Journal of the Korea Safety Management & Science
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• v.21 no.4
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• pp.75-80
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• 2019

Sales of the Korean clothing industry grew to 16.9 percent on-year in 2010, but the growth rate dropped to 3 percent from 2011 to 2016 and the overall market began to slump to 1.1.6 percent in 2017. The competitiveness of clothing companies is also a major sector in logistics capability, and the average logistics cost of domestic clothing companies is 8.3 percent of sales in 2011, higher than the average 8 percent of domestic industries, and 36.4 percent of the total storage cost in 2011, higher than the 28.8 percent share of the total storage cost of domestic companies. As domestic production conditions such as wage hikes and labor disputes worsened in the 1990s, production facilities were rapidly moved overseas, which led many clothing companies to have no production facilities or a minimal production base in Korea and focus on marketing and design capabilities. The total storage capacity and storage efficiency of the logistics center became very important as the products were changed to the form of mass warehousing and small-volume forwarding. Research shows that building column spacing, a model of this research, can affect the amount of hanger rack storage empirically, so for sustainable growth of clothing companies, it is necessary to improve competitiveness in the logistics market by reducing costs and improving efficiency to overcome difficulties in corporate management. Because logistics costs are 8.3 percent and operating profit to sales ratio is 2 percent, it is expected that operating profit will increase by 41.5 percent if logistics costs are reduced by 10 percent. If 10% of storage cost is saved based on storage cost, operating profit is expected to increase by 15% To strengthen the competitiveness of the clothing industry, a reduction in logistics costs is essential. Therefore, the purpose of this study is to provide hints that logistics experts can have empirically small amounts in reducing storage costs through column spacing adjustment of logistics centers that have not been dealt with statistically until now, and to contribute to the continued growth of clothing companies and the development of the domestic logistics industry.

• KSCE Journal of Civil and Environmental Engineering Research
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• v.26 no.6A
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• pp.977-988
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• 2006

The goal of this study is to develop a realistic methodology for determination of the Life-Cycle Cost (LCC)-effective optimal seismic retrofit and maintenance strategy of deteriorating bridges. The proposed methodology is based on the concept of minimum LCC which is expressed as the sum of present value of seismic retrofit costs, expected maintenance costs, and expected economic losses with the constraints such as design requirements and acceptable risk of death. The proposed methodology is applied to the LCC-effective optimal seismic retrofit and maintenance strategy of a steel bridge considered as a example bridge in the accompanying study, and various conditions such as corrosion environments and Average Daily Traffic Volumes (ADTVs) are considered to investigate the effects on total expected LCC. In addition, to verify the validity of the developed methodology, the results are compared with the existing methodology. From the numerical investigation, it may be positively expected that the proposed methodology can be effectively utilized as a practical tool for the decision-making of LCC-effective optimal seismic retrofit and maintenance strategy of deteriorating bridges.

• The Transactions of The Korean Institute of Electrical Engineers
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• v.56 no.8
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• pp.1397-1404
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• 2007

It is important to measure the resistive component separately from the total leakage current at power distribution line. It is because electric disasters such as electric shock and fire are caused mainly by the resistive component of the total leakage current. In this paper, a new theory for measuring the resistive component separately from the total leakage current is suggested, and is embodied to an actual circuit using operational amplifiers, analog switch and R-C low pass filter. Through experiments for various cases containing both the resistive and capacitive leakage currents, the suggested algorithm is confirmed to be able to measure the resistive leakage current within 4.1% of error even when the capacitive leakage current is much bigger than the resistive one. The suggested method is expected to lower the total cost because it can be realized using simple and cheap devices, and implies the measuring time can be possibly reduced because the resistive leakage current is computed exactly from the signals during only a half period of power voltage.

• The Journal of Society for e-Business Studies
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• v.11 no.1
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• pp.53-67
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• 2006

It is difficult to justify an IT investment unless the investment is expected to have a direct impact on a corporation's performance under rapidly changing business environment. It is important to demonstrate the benefit of the investment through a pre-investment assessment process to induce the executive's decision. This paper presents a methodology to assess the investment by analyzing cost and benefit of the investment. This methodology shows tangible cost as well as hidden cost by analyzing total cost of ownership. The methodology also produces ROI by performing cost benefit analysis including financial and non-financial factors. This paper suggests a systematic way to support If investment decision marking process by evaluating the investment objectively.

• Journal of Electrical Engineering and Technology
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• v.7 no.6
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• pp.814-823
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• 2012

Electric power transmission utilities make an effort to maximize profit by reducing their electricity supply and operation costs while maintaining their reliability. The development of maintenance strategies for aged components is one of the more effective ways to achieve this goal. The reliability centered approach is a key method in providing optimal maintenance strategies. It considers the tradeoffs between the upfront maintenance costs and the potential costs incurred by reliability losses. This paper discusses the application of the Particle Swarm Optimization (PSO) technique used to find the optimal maintenance strategy for a transmission component in order to achieve the minimum total expected cost composed of Generation Cost (GC), Maintenance Cost (MC), Repair Cost (RC) and Outage Cost (OC). Three components of a transmission system are considered: overhead lines, underground cables and insulators are considered. In regards to aged and aging component, a component state model that uses a modified Markov chain is proposed. A simulation has been performed on an IEEE 9-bus system. The results from this simulation are quite encouraging, and then the proposed approach will be useful in practical maintenance scheduling.

• IE interfaces
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• v.15 no.3
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• pp.286-296
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• 2002

Products which are sold with warranty, preventive maintenance actions by manufacturers and/or buyers have an impact on the total costs for both parties. In this paper, we develop the models to study the expected warranty cost for products with free repairable warranty with three types of discrete preventive maintenance. We deal with by utilizing the concept that preventive maintenance reduces the virtual age of the system. We assume that the maintenance planning horizon can be segmented into k discrete and equally sized periods. In such a scenario, numerical examples are presented.