• Environmental and Resource Economics Review
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• v.19 no.3
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• pp.633-658
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• 2010

In this paper, we estimate the Translog cost function in Korean manufacturing, using capital (K), labor (L), material (M), electricity (E), fuel (F) data over the period from 1970 to 2005. Especially, this paper investigates the impact of imposing concavity in the estimation of a Translog cost function. Although the value of log-likelihood is somewhat reduced in a concavity imposed function rather than a function which is not, a concavity imposed function satisfies regularity conditions (monotonicity, positivity, concavity) at all data points. We also calculate price elasticities using a concavity imposed Translog cost function. Electricity complements capital so electricity demand increases as capital demand increases. Meanwhile, electricity substitutes labor, fuel, and material. These results show that Korean manufacturing experienced a structural change of increase in electricity demand.

• Proceedings of the Korean Institute Of Construction Engineering and Management
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• 2004.11a
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• pp.515-520
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• 2004

Manufacturing Production System (MPS) has been widely accepted in construction area for the productivity improvement. However, the MPS does not always provide cost and time saving. It often caused more delays and increased project cost. Therefore the use of the MPS technique, systematic decision-making process is needed by reviewing various project parameters such as cost and time. This study includes extensive literature reviews and case studies on MPS. As a result, a decision-making model is proposed. The decision-making flowchart and decision-making model are developed in three steps: (1) identification and categorization of decision-making factors; (2) calculations of benefits, cost, and duration in accordance with the location and the production capacity of the factory; (3) comparisons of MPS and on-site assembly by varying the locations and sizes of the factory

• The Transactions of The Korean Institute of Electrical Engineers
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• v.62 no.2
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• pp.208-212
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• 2013

Dye-sensitized solar cells (DSCs) have taken much attention due to their low cost and easy fabrication method compare to silicon solar cells. But research on cost effective DSC is prerequisite for commercialization. Fluorine doped tin oxide (FTO) which have been commonly used for electrode substrate as electron collector occupied most percentage of manufacturing cost. Therefore we studied FTO-less DSC using sputtered Ti deposited glass as photoelectrode instead of FTO to reduce manufacturing cost. Ti films sputtered on the glass for different time, 5 to 20 minutes with decreasing sheet resistance as deposition time increases. A light source illuminated to counter electrode in order to overcome opaque Ti films. The efficiency of DSC (Ti20) made Ti sputtered glass for 20 min as photoelectrode was 5.87%. There are no significant difference with conventional cell despite lower manufacturing cost.

• Nuclear Engineering and Technology
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• v.38 no.6
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• pp.561-574
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• 2006

This study presents the results of an economic analysis for a comparison of the single layer and double layer alternatives with respect to a HLW-repository. According to a cost analysis undertaken in the Korean case, the single layer option was the most economical alternative. The disposal unit cost was estimated to be 222 EUR/kgU. In order to estimate such a disposal cost, an estimation process was sought after the cost objects, cost drivers and economic indicators were taken into consideration. The disposal cost of spent fuel differs greatly from general product costs in the cost structure. Product costs consist of direct material costs and direct labor and manufacturing overhead costs, whereas the disposal cost is comprised of construction costs, operating costs and closure costs. In addition, the closure cost is required after a certain period of time elapses following the building of a repository.

• Journal of Korean Society of Industrial and Systems Engineering
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• v.20 no.42
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• pp.99-109
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• 1997

This paper considers to determine the processing workstation of parts and number of machines at workstations in multi-stage manufacturing system. Several part types are processed simultaneously through multi-stage, which consist of several workstations. The machines in each stage are identical in function, but non-identical in functional performance depending on workstations. Two models are suggested. One is assumed that a part type can be processed at the only one workstation in each processing stage. The other is assumed that a part type can be processed at several workstations. Decision criteria is to minimize the sum of the processing cost, travel cost and machine setup cost. Model formulations are presented, and a numerical example is shown.

• Transactions of the Korean Society for Noise and Vibration Engineering
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• v.24 no.8
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• pp.600-605
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• 2014

Two mufflers for a large-size sedan are suggested aiming (1) sporty-sound and (2) quiet-sound as well as both satisfying low back-pressure and low manufacturing cost. Transmission loss prediction considering heat and flow may increase the accuracy and reduce the development cost in muffler design; thus, GT-power prediction considering heat, flow, and acoustics is utilized. By understanding the fundamentals of flow-acoustic theory in small orifice(hole), an effective muffler design concept is proposed. Vehicle tests show the consistence with predictions for sound; also a back-pressure test bench confirms the advantage in pressure drop for both suggested mufflers. Those suggested mufflers also have advantages in manufacturing cost due to simplicity of the design.

• Journal of the Korean Operations Research and Management Science Society
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• v.24 no.4
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• pp.81-94
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• 1999

Organization change projects such as Business Process Redesign(BPR) have been implemented by many firms for enhancing their organizational performance. However, management is reluctant to initiate these projects due to enterprise-wide impact and steeper project cost than the traditional system development projects. Thus, there emerges a need to accurately assess the value of the redesigned organizational process for the successful implementation of BPR projects. The purpose of this study is to assess the value of process redesign in the point of resource utilization and allocation, and cycle time and cost reduction. The candidate process and the design alternatives are identified from organizational requirements analysis. The variables and their relations are defined to perform task activity analysis, bottleneck analysis, cycle cost analysis, and resource utilization analysis. A Case study of a manufacturing company indicates that the assessments method proposed in this study is a promising approach to identify the business alternative process that lead to the highest organizational performance.

• Journal of the Korean Society of Manufacturing Process Engineers
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• v.4 no.4
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• pp.34-38
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• 2005

This is a widespread requirement for low cost lightweight thermal imaging sensors for both military and civilian applications. Today, a large number of uncooled infrared detector developments are under progress due to the availability of silicon technology that enables realization of low cost IR sensor. System prices are continuing to drop, and swelling production volume will soon drive process substantially lower. The feasibility of micromechanical optical and infrared (IR) detection using microcantilevers is demonstrated. Microcantilevers provide a simple Structurefor developing single- and multi-element sensors for visible and infrared radiation that are smaller, more sensitive and lower in cost than quantum or thermal detectors. Microcantilevers coated with a heat absorbing layer undergo bending due to the differential stress originating from the bimetallic effect. This paper reports a micromachined silicon uncooled thermal imager intended for applications in automated process control. This paper presents the design, fabrication, and the behavior of cantilever for thermomechanical sensing.

• Transactions of the Korean Society of Machine Tool Engineers
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• v.15 no.3
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• pp.97-103
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• 2006

The development of a heat exchanger production model based on the microlamination technology and it's economic efficiency is addressed. A microchannel production model is proposed for the high-volume production. The microlamination system is made up of lamina patterning, laminae sorting and laminae bonding. A cost estimation model is developed based on the hewn cycle time and capital equipment costs. An economic efficiency analysis is performed to determine the cost drivers under the different market and product scenarios. The result of the economic efficiency analysis indicated that the device size and the production rate have a great effect on the overall manufacturing cost of microlamination devices. And it can be concluded that the microlamination should focus on bonding larger laminae and reducing both cycle time and warpage.

• Journal of the Korean Regional Science Association
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• v.11 no.2
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• pp.1-17
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• 1995

Regional production structres are investigated through an estimation of three-input(labor, capital and material) translog cost function. The estimation uses the pooled data in which time series data of 1970-1990 are combined with cross-sectional data corresponding to firm sizes. The empirical finding are the following: (1) the factors are Allen substitutes each otner in general except Pusan and a couple of regionss, and (2) estimates are very small in its absolute value irrespective of the regions. The low elasticity estimates of this study implies that substitytability among the three inputs are very weak in the regional manufacturing production compared to that in the national production. Seoul-Kyungki metropolitan area produces not only the smallest elasticities but relatively stable estimates without much fluctuation between the sub-regions of the area.