• Title/Summary/Keyword: expected total cost

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A Study on Economic Analysis Algorithm for Energy Storage System Considering Peak Reduction and a Special Tariff (피크저감과 특례요금제를 고려한 ESS 경제성 분석 알고리즘에 관한 연구)

  • Son, Joon-Ho
    • The Transactions of The Korean Institute of Electrical Engineers
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    • v.67 no.10
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    • pp.1278-1285
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    • 2018
  • For saving electricity bill, energy storage system(ESS) is being installed in factories, public building and commercial building with a Time-of-Use(TOU) tariff which consists of demand charge(KRW/kW) and energy charge(KRW/kWh). However, both of peak reduction and ESS special tariff are not considered in an analysis of initial cost payback period(ICPP) on ESS. Since it is difficult to reflect base rate by an amount of uncertain peak demand reduction during mid-peak and on-peak periods in the future days. Therefore, the ICPP on ESS can be increased. Based on this background, this paper presents the advanced analysis method for the ICPP on ESS. In the proposed algorithm, the representative days of monthly electricity consumption pattern for the amount of peak reduction can be found by the k­means clustering algorithm. Moreover, the total expected energy costs of representative days are minimized by optimal daily ESS operation considering both peak reduction and the special tariff through a mixed-integer linear programming(MILP). And then, the amount of peak reduction becomes a value that the sum of the expected energy costs for 12 months is maximum. The annual benefit cost is decided by the amount of annual peak reduction. Two simulation cases are considered in this study, which one only considers the special tariff and another considers both of the special tariff and amount of peak reduction. The ICPP in the proposed method is shortened by 18 months compared to the conventional method.

A Financial Projection of Health Insurance Expenditures Reflecting Changes in Demographic Structure (인구구조의 변화를 반영한 건강보험 진료비 추계)

  • Lee, ChangSoo;Kwon, HyukSung;Chae, JungMi
    • Journal of Korean Public Health Nursing
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    • v.31 no.1
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    • pp.5-18
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    • 2017
  • Purpose: This study was conducted to suggest a method for financial projection of health insurance expenditures that reflects future changes in demographic structure. Methods: Using data associated with the number of patients and health insurance cost per patient, generalized linear models (GLM) were fitted with demographic explanatory variables. Models were constructed separately for individual medical departments, types of medical service, and types of public health insurance. Goodness-of-fit of most of the applied GLM models was quite satisfactory. By combining estimates of frequency and severity from the constructed models and results of the population projection, total annual health insurance expenditures were projected through year 2060. Results: Expenditures for medical departments associated with diseases that are more frequent in elderly peoples are expected to increase steeply, leading to considerable increases in overall health insurance expenditures. The suggested method can contribute to improvement of the accuracy of financial projection. Conclusion: The overall demands for medical service, medical personnel, and relevant facilities in the future are expected to increase as the proportion of elderly people increases. Application of a more reasonable estimation method reflecting changes in demographic structure will help develop health policies relevant to above mentioned resources.

Rules of Three Untrained Workers' Assignment Optimization in Reset Limited-Cycled Model with Multiple Periods

  • Song, Peiya;Kong, Xianda;Yamamoto, Hisashi;Sun, Jing;Matsui, Masayuki
    • Industrial Engineering and Management Systems
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    • v.14 no.4
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    • pp.372-378
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    • 2015
  • In labor-intensive enterprise, such as garment factory, assembly line is widely used as a manufacturing process for reducing costs and production time. However, for the sake of the various working capacity of worker, idle or delay may happen and influence the rear processes. If these unforeseeable delay happened continuously, it may influence the whole manufacturing process and a model, which is called limited-cycle model with multiple periods (LCMwMP), is assumed to evaluate the influence risk. In order to minimize the risk, the assignment of the workers is focused on. In this paper, we deal with an assembly line as LCMwMP model when two kinds of workers exist, whose efficiency is assumed to two different groups. We consider an optimization problem for finding an assignment of workers to the line that minimizes total expected risk, which is exchanged to expected cost by reset model of LCMwMP. First, reset model as a simple model of LCMwMP is introduced. Then, some hypotheses of the rules of the optimal worker assignment are proposed and some numerical experiments are researched assuming the processing time as Erlang distribution. Finally, the other rules on other certain conditions are discussed.

OPPORTUNISTIC REPLACEMENT POLICIES UNDER MARKOVIAN DETERIORATION

  • Chang Ki-Duck;Tcha Dong-Wan
    • Journal of the military operations research society of Korea
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    • v.4 no.1
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    • pp.113-123
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    • 1978
  • Consider a series system of two units, named 1 and 2, respectively. Two units are observed at the beginning of discrete time periods t=0,1,2, $cdots$ and classified as being in one of a countable number of states. Let (i, r) be a state of the system at time t, when the state of unit 1 is i and state of unit 2 is r at time t, Under some conditions, the opportunistic replacement policy that minimizes the expected total discounted cost or the average cost of maintenance is shown to be characterized by the control limits $i^{*}(r)$ (a function of r) and $r^{*}(i)$ (a function of i) : (a) in observed state (i, r), the optimal policy for unit 1 is to replace if $i{\ge}i^{*}(r)$ and no action otherwise; (b) in observed state (i, r), the optimal policy for unit 2 is to replace if $r{\ge}r^{*}(i)$ and no action otherwise. In addition, this paper also develops optimal policy in the finite time horizon case, where time horizon is fixed or a finite integer valued r.v. with known pmf.

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An Optimal Ordering policy on Both Way Substitutable Two-Commodity Inventory Control System

  • Tanaka, Masatoshi;Yoshikawa, Shin-ichi;Tabata, Yoshio
    • Industrial Engineering and Management Systems
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    • v.4 no.2
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    • pp.145-157
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    • 2005
  • There are a lot of raw materials, work-in-processes and finished goods in manufacturing industry. Here, the less stock of materials and work-in-processes manufacturing industry has, the worse the rate of the production is. Inversely, the more manufacturing industry has, the more expensive the cost to support them is. Thus, it is important for us to balance them efficiently. In general, inventory problems are to decide appropriate times to produce goods and to determine appropriate quantities of goods. Therefore, inventory problems require as more useful information as possible. For example, there are demand, lead time, ordering point and so on. In this paper, we deal with an optimal ordering policy on both way substitutable two-commodity inventory control system. That is, there is a problem of how to allocate the produced two kinds of goods in a factory to m areas so as to minimize the total expected inventory cost. The demand of each area is probabilistic, and we adopt the exponential distribution as a probability density function of demand. Moreover, we provide numerical examples of the problem.

The Comparative Study of the Warranty Cost Model for Software Reliability Time Based on Extreme Value Distribution (극값 분포 특성을 가진 소프트웨어 신뢰성 보증 모형에 관한 비교연구)

  • Kim, Hee-Cheul
    • The Journal of Korean Institute of Communications and Information Sciences
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    • v.34 no.6B
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    • pp.623-629
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    • 2009
  • In this research, the process of developing software products to users in transfer by considering the warranty period to determine the timing of the release period is a comparative study of models. For the results of demonstration, exponential software reliability model increases the warranty period, the higher the initial period, but shows almost a similar release. In contrast, the optimal release time of imperfect debugging software reliability model, lower the initial warranty period, but the pattern is expected to rise slightly larger. The proposed model, extreme value distribution model, pattern of the optimal release time gradually increase, have a form that can be drawn. These research results through, warranty period and release the software developers understand the relationship between the optimal time for software development by using advance information could do is feed.

Development of a 250-W high-power modular LED fish-attracting lamp by evaluation of its thermal characteristics

  • Lee, Donggil;Lee, Kyounghoon;Pyeon, Yongbeom;Kim, Seonghun;Bae, Jaehyun
    • Journal of the Korean Society of Fisheries and Ocean Technology
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    • v.51 no.2
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    • pp.163-170
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    • 2015
  • Recently LED fish-attracting lamps have been more widely used in fisheries as low-cost and high-efficiency fishing gear, and development of long-life high-efficiency lamps is required through the design of LED packages to optimize heat resistance. This study developed an improved LED fish-attracting lamp with excellent heat performance, which was verified using a numerical model. Heat-resistance design factors such as the heat-radiation fin shape, PCB type, and LED chip count were investigated and optimized. Comparison with a commercial 180-W LED fishing lamp showed that the increase in initial temperature was 40% higher than that of the surrounding LED chip because of design errors in contact thermal resistance. The 250-W LED lamp developed in this study has a characteristic with thermal rising in linearly stable according to the heat source. In addition, luminance efficiency was improved by 20-65% by using flow-visualization simulation. A decrease of 45% in total power consumption with a fuel-cost reduction of over 55% can be expected when using these optimized heat release design factors.

Development of Labor Management System Based on RFID Technology for Construction Field (RFID기술을 활용한 건설현장의 노무관리시스템 프로토타입구축)

  • Han, Jae-Goo;Kwon, Soon-Wook;Cho, Moon-Young
    • Proceedings of the Korean Institute Of Construction Engineering and Management
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    • 2007.11a
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    • pp.853-858
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    • 2007
  • Construction industry is traditionally labor intensive. And construction site is also in densely populated environment. So accurate labor monitoring is one of important issues for site management. Labor cost shares large amount of part in total construction cost. Therefore, it is a major element in site management and control. In this article, we explained development of prototype system for labor monitoring based on RFID technology and results of field tests using the system. According to the results, the system is able to expected to improve effectiveness of Labor management in construction site

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Estimating the Reimbursing Price Level of Oriental Medical Services in the National Health Insurance (한방의료서비스의 건강보험수가 산출방법과 추정)

  • Kim, Jin-Hyun
    • Journal of Society of Preventive Korean Medicine
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    • v.12 no.3
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    • pp.21-34
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    • 2008
  • Objectives : This paper analysed the alternative methods of calculating conversion factor for oriental medicine in the National Health Insurance and estimated the conversion factor(reimbursing price level) of the oriental medical services, based on health insurance claims data and macro economic data. Methods : Comparing cost accounting method, SGR model, and index model to estimate conversion factor in the national health insurance, six empirical models were derived depending on the scope of revenue considered in financial indicators. Classifications of data and sources used in the analysis were identified as officially released by the government. Results and Conclusion : Cost accounting analysis and SGR model showed a two digit decrease in the physician fee schedule of oriental medical services in the national health insurance, while index model indicated a positive increase in the fee reimbursed. As expected, SGR model measured an overall trend of health expenditures rather than an individual financial status of medical institutions, and index model properly estimated the level of payments to oriental medical doctors. Upon a declining share of health expenditures on oriental medicine, a global budget system fixed to a flat rate of total budget could be an opportunity as well as a challenge.

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A STUDY ON THE LIFE-CYCLE FOR SELECTING A GRATING

  • Yun-Sik Kim;Dong-Wan Kang;Taehoon Hong;Chang-Taek Hyun
    • International conference on construction engineering and project management
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    • 2009.05a
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    • pp.1189-1194
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    • 2009
  • A gutter-shaped U grating is a facility that is installed at the sides of a road to provide pedestrians with a rainwater-free road. The previous studies on this facility focused mainly on the progress of the efforts that are being made to improve its performance and interception efficiency so as to prevent damages in regional areas due to the heavy rains caused by climate change. The studies on its maintenance, however, are still inadequate. Therefore, this study was conducted to analyze and compare the life cycle costs and performance evaluations of the steel and magic gratings, which are installed in apartments. The results of the study show that the replacement period and rate of gratings differ depending on where they are installed. The initial capital investment cost of a magic grating installed at a road where many vehicles pass is quite high, but in terms of its maintenance and entire-life-cycle costs, its total expenses are lower than those of a steel grating. The results of this study are expected to serve as preliminary data for the selection of an adequate grating that is suitable for particular places in the design phase of construction projects.

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