• Title/Summary/Keyword: management cost

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Construction Safety and Health Management Cost Prediction Model using Support Vector Machine (서포트 벡터 머신을 이용한 건설업 안전보건관리비 예측 모델)

  • Shin, Sung Woo
    • Journal of the Korean Society of Safety
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    • v.32 no.1
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    • pp.115-120
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    • 2017
  • The aim of this study is to develop construction safety and health management cost prediction model using support vector machine (SVM). To this end, theoretical concept of SVM is investigated to formulate the cost prediction model. Input and output variables have been selected by analyzing the balancing accounts for the completed construction project. In order to train and validate the proposed prediction model, 150 data sets have been gathered from field. Effects of SVM parameters on prediction accuracy are analyzed and from which the optimal parameter values have been determined. The prediction performance tests are conducted to confirm the applicability of the proposed model. Based on the results, it is concluded that the proposed SVM model can effectively be used to predict the construction safety and health management cost.

A Theoretical Approach of Accident Cost Analyses for Product Safety Management (제품안전경영을 위한 사고비용분석의 이론적 접근)

  • Kim Sa Kil;Byun Seong Nam
    • Proceedings of the Korean Operations and Management Science Society Conference
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    • 2003.05a
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    • pp.230-235
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    • 2003
  • Accident analysis is special concern to researchers in traffic safety. Accident analysis in product safety, however, is not. The needs of product safety management alter it in the world by all manufacturers. The purpose of this study is to propose a theoretical principles for product safety management through the accident cost analyses. The accident cost is a important factor to prevent product accident and to treat some claims of customers. It is sure that this principles can help all making decisions of manufactures with expected accident cost per a product accident and with total expected accident cost.

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Study on Operational Plan of Hot Gas Parts for Cost Reduction of Gas Turbine with Cases Oriented (가스터빈의 운전유지비 절감을 위한 고온부품의 운영방안에 관한 연구 - 사례중심으로 -)

  • Yu, Won-Ju;Cho, Chi-Woon
    • Journal of the Korea Safety Management & Science
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    • v.11 no.1
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    • pp.93-101
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    • 2009
  • The use of the gas turbine for power supply is increasing recently. Accordingly, the operation and maintenance cost of the gas turbine is gradually increasing and the various efforts to cut the cost are needed. For an operation and maintenance cost saving of the gas turbine, reductions of the new purchasing charge and the reproduction repair cost of the hot gas parts are required through more effective operation and life management methods for the hot gas parts. The hot gas parts are the main parts of the gas turbine and they are replaced with the periodic. In this research, efficient operation and life management methods for the hot gas parts were presented with the cases. The methods were analyzed and verified based on real data and the cases for improving a lifetime were utilized in the field.

PROBABILISTIC MEASUREMENT OF RISK ASSOCIATED WITH INITIAL COST ESTIMATES

  • Seokyon Hwang
    • International conference on construction engineering and project management
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    • 2013.01a
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    • pp.488-493
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    • 2013
  • Accurate initial cost estimates are essential to effective management of construction projects where many decisions are made in the course of project management by referencing the estimates. In practice, the initial estimates are frequently derived from historical actual cost data, for which standard distribution-based techniques are widely applied in the construction industry to account for risk associated with the estimates. This approach assumes the same probability distribution of estimate errors for any selected estimates. This assumption, however, is not always satisfied. In order to account for the probabilistic nature of estimate errors, an alternative method for measuring the risk associated with a selected initial estimate is developed by applying the Bayesian probability approach. An application example include demonstrates how the method is implemented. A hypothesis test is conducted to reveal the robustness of the Bayesian probability model. The method is envisioned to effectively complement cost estimating methods that are currently in use by providing benefits as follows: (1) it effectively accounts for the probabilistic nature of errors in estimates; (2) it is easy to implement by using historical estimates and actual costs that are readily available in most construction companies; and (3) it minimizes subjective judgment by using quantitative data only.

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Cost Analysis Model according to Mortality in Land-based Aquaculture (육상수조 어류양식 생존율에 따른 비용분석모형)

  • Eh, Youn-Yang
    • The Journal of Fisheries Business Administration
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    • v.47 no.4
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    • pp.1-13
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    • 2016
  • Fish mortality is the most important success factor in aquaculture management. To analyze the effect of mortality considering biological and economic condition is a important problem in land-based aquaculture. This study is aimed to analyze the effect of mortality for duration of cultivation in land-based aquaculture. This study builds the mathematical model that finds the value of decision variable to minimize cost that sums up the water pool usage cost, sorting cost, fingerling cost and feeding cost under critical standing corp constraint. The proposed mathematical model involves many aspects, both biological and economical: (1) number of fingerlings (2) timing and number of batch splitting event, based on (3) fish growth rate, (4) mortality, and (5) several farming expense. Numerical simulation model presented here in. The objective of numerical simulation is to provide for decision makers to analyse and comprehend the proposed model. When extensive biological and cost data become available, the proposed model can be widely applied to yield more accurate results.

An Empirical Study On Information Systems Operation Cost Estimation Model (정보시스템 운영사업 비용산정 모형 개발에 대한 실증적 연구)

  • Kim, Hyeon-Su
    • The Transactions of the Korea Information Processing Society
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    • v.7 no.6
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    • pp.1810-1817
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    • 2000
  • The purpose of this research is to develop an estimation model for information systems operating costs. Current cost estimation practices and types of sytem management projects have been reviewed an analyses. Typical operating project types of information systems are determined. They are application system operation, help disk operation, network management and operation, and hardware management. For each type of projects, cost factors ar identified and a structure of cost estimation model is defined. Cost estimation models have been constructed and tested by 24 real operation projects data. Statistical analysis shows derived models are statistically significant. User groups' opinion on these draft cost estimation model has been surveyed and summarized. The results of this research can be used as a cornerstone for future research on operating cost estimation, and for cost estimation guideline of information systems operation projects.

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Production planning in fish farm (어류양식장 생산계획에 관한 연구)

  • EH, Youn-Yang
    • The Journal of Fisheries Business Administration
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    • v.46 no.3
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    • pp.129-141
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    • 2015
  • Because land based aquaculture is restricted by high investment per rearing volume and control cost, good management planning is important in Land-based aquaculture system case. In this paper master production planning was made to decide the number of rearing, production schedule and efficient allocation of water resources considering biological and economic condition. The purpose of this article is to build the mathematical decision making model that finds the value of decision variable to maximize profit under the constraints. Stocking and harvesting decisions that are made by master production planning are affected by the price system, feed cost, labour cost, power cost and investment cost. To solve the proposed mathematical model, heuristic search algorithm is proposed. The model Input variables are (1) the fish price (2) the fish growth rate (3) critical standing corp (4) labour cost (5) power cost (6) feed coefficient (7) fixed cost. The model outputs are (1) number of rearing fish (2) sales price (3) efficient allocation of water pool.

The Methodology of Design to LCC (수명주기비용을 고려한 설계 및 관리 방안)

  • Na, In-Sung;Lee, Jae-Won;Park, Myeong-Kyu
    • Journal of the Korea Safety Management & Science
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    • v.8 no.5
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    • pp.131-137
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    • 2006
  • The Cost has been much emphasized in inside of an army because of the promotion of reconciliation atmosphere between South and North Korea and the reduction of defense budget since 1990. So we are now faced with the problem that we should consider a cost above all besides the performance and arrangement for such a restriction of budget in time of developing new generation weapon systems. In this research we are suggested following two methodologies. One is the develop a weapon system with optimum cost considering a Life Cycle Cost from the first stage of design and the other is the cost control and management with the establishment of Target cost.

A Study on the Introduction of the Cost Accounting in Agriculture (농산물 비용계산에 있어서 원가회계 도입을 위한 이론적 고찰)

  • Lee, Young-Man
    • Journal of agriculture & life science
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    • v.43 no.4
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    • pp.45-51
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    • 2009
  • Production cost in agricultural accounting has been utilized as an index for determining appropriate prices of agricultural products, establishing agricultural policies and providing extension services for farmers. However, it is necessary for the concept of cost accounting to introduce in establishing farm planning and consulting farmers' management. In this paper, I review problems associated with costing rules which are considered as criterion for accounting cost in agriculture and suggest directions for cost accounting in agricultural management.

Implementing an Application Tool of Life Cycle Cost Analysis (LCCA) for Highway Maintenance and Rehabilitation in California, USA

  • Kim, Changmo;Lee, Eul-Bum
    • International conference on construction engineering and project management
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    • 2015.10a
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    • pp.376-380
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    • 2015
  • Life-Cycle Cost Analysis (LCCA) for highway projects is known as an effective analytical technique that uses economic principles to evaluate long-term alternative investment options, especially for comparing the values of alternative pavement design structures and construction strategies. In the Unites States, the 2012 Moving Ahead for Progress in the 21st Century Act (MAP-21) amended the United States Code to mandate that the United States Government Accountability Office (GOA) conducts a study of the best practices for calculating life-cycle costs and benefits for the federally funded highway projects in 2013. The RealCost 2.5CA program was developed and adapted as an official LCCA tool to comply with regulatory requirements for California state highway projects in 2013. Utilization of this California-customized LCCA software helps Caltrans to achieve substantial economic benefits (agency cost and road user cost savings) for highway projects. Proper implementation of LCCA for roadway construction and rehabilitation would deliver noticeable savings of agency's roadway maintenance cost especially in developing counties where financial difficulties exist.

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