• Journal of Ocean Engineering and Technology
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• v.23 no.1
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• pp.1-6
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• 2009

The paper describes results of a sensitivity study on an optimum mooring cost as a function of safety factor and allowable maximum offset of the offshore floating structure by finding the anchor leg component size and the declination angle. A harmony search (HS) based mooring optimization program was developed to conduct the study. This mooring optimization model was integrated with a frequency-domain global motion analysis program to assess both cost and design constraints of the mooring system. To find a trend of anchor leg system cost for the proposed sensitivity study, optimum costs after a certain number of improvisation were found and compared. For a case study a turret-moored FPSO with 3 ${\times}$ 3 anchor leg system was considered. To better guide search for the optimum cost, three different penalty functions were applied. The results show that the presented HS-based cost-optimum offshore mooring design tool can be used to find optimum mooring design values such as declination angle and horizontal end point separation as well as a cost-optimum mooring system in case either the allowable maximum offset or factor of safety varies.

• Journal of the Korea Safety Management & Science
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• v.3 no.4
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• pp.1-9
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• 2001

Cost-benefit analysis was investigated to propose the analysis method of the effect of investment and the optimum investment level of safety management cost for preventing gas accident in the B governor station. From five classifications of safety management costs consisting of cost items with similar characters and potential accident costs calculated by risk assessments(FMEA/HAZOP), we found that the order of the benefit(the reduction cost of the potential accident cost) was the instrument increase and repair cost > the safety checking and inspection cost > the labor and training cost > the safety equipment and corresponding cost > the research and development cost. As the benefit was increased with increasing the investment cost, the effect of investment was increased with decreasing the Investment cost. As a result, the optimum safety management cost was estimated and the investment level was analyzed by the model of optimum investment level.

• Journal of Ocean Engineering and Technology
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• v.23 no.3
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• pp.1-5
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• 2009

It is necessary to develop an efficient optimization technique to optimize engineering structures that have given design spaces, discrete design values, and several design goals. In this study, an optimum algorithm based on the genetic algorithm was applied to the multi-object problem to obtain an optimum solution that simultaneously minimizes the structural weight and construction cost of panel blocks in ship structures. The cost model was used in this study, which includes the cost of adjusting the weld-induced deformation and applying the deformation control methods, in addition to the cost of the material and the welding cost usually included in the normal cost model. By using the proposed cost model, more realistic optimum design results can be expected.

• The Journal of Asian Finance, Economics and Business
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• v.7 no.3
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• pp.157-165
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• 2020

This paper estimates the optimum level of reserves in Vietnam based on the approach of reserves' cost-benefit and sovereign risk which is one of developing countries' characteristics. The cost of reserves is the opportunity cost when holding reserves. The benefit of reserves is the loss due to country's default in case that there is no reserves to finance external debt payment. The optimum reserves is found out by minimizing the total of opportunity cost and loss due to country's default with the probability of default. Through the usage of HP Filter method for calculating the loss due to country's default, ARDL regression for the risk premium model and lending rate of VND as proxy for opportunity cost together with the Vietnamese economic data in the period of 2005 - 2017, the empirical results show that the optimum reserves in Vietnam is almost higher than the actual reserves during the research period except the point of Q3/2008 and the last point of research period - Q4/2017. Therefore, Vietnam should continue to increase reserves for safety but Vietnam does not need pushing quickly the speed of increasing reserves. In addition, controlling Vietnamese optimum reserves is necessary to help the actual reserves become reasonable.

• Steel and Composite Structures
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• v.30 no.3
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• pp.293-304
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• 2019

The optimum cost of a reinforced concrete plane and space frames have been found by using the Genetic Algorithm (GA) method. The design procedure is subjected to many constraints controlling the designed sections (beams and columns) based on the standard specifications of the American Concrete Institute ACI Code 2011. The design variables have contained the dimensions of designed sections, reinforced steel and topology through the section. It is obtained from a predetermined database containing all the single reinforced design sections for beam and columns subjected to axial load, uniaxial or biaxial moments. The designed optimum beam sections by using GAs have been unified through MATLAB to satisfy axial, flexural, shear and torsion requirements based on the designed code. The frames' functional cost has contained the cost of concrete and reinforcement of steel in addition to the cost of the frames' formwork. The results have found that limiting the dimensions of the frame's beams with the frame's columns have increased the optimum cost of the structure by 2%, declining the re-analysis of the optimum designed structures through GA.

• Journal of Korean Society of Steel Construction
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• v.13 no.4
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• pp.337-349
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• 2001

This study present an optimum deck and girder system design for minimizing the life-cycle cost (LCC) of orthotropic steel deck bridges. The problem of optimum LCC design of orthotropic steel deck bridges is formulated as that of minimization of the expected total LCC that consists of initial cost, maintenance cost, expected retrofit costs for strength, deflection, and fatigue. To demonstrate the effect of LCC optimum design of orthotropic steel deck bridges, the proposed optimum LCC design is compared with the conventional method for orthotropic steel deck bridges design. From the numerical investigations, it may be positively stated that the proposed optimum design procedure for orthotropic steel deck bridges based on the LCC will lead to more rational, economical and safer design.

• Journal of the Society of Naval Architects of Korea
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• v.48 no.2
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• pp.178-182
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• 2011

Generally in order to reduce the steel weight of stiffened plate, stiffener spaces tend to be narrow and the plate gets thin. However, it will involve more fabrication cost because it can lead to the increase of welding length and the number of structural members. In the yard, the design which is able to reduce the total fabrication cost is needed, although it requires more steel weight. The purpose of this study is to find optimum stiffener spaces to minimize the fabrication cost for the cargo tank of LPG Carriers. Global optimization methods such as ES(Evolution Strategy) and GA(Genetic Algorithm) are introduced to find a global optimum solution and the sum of steel material cost and labor cost is selected as main objective function. Convergence degree of both methods in according to the size of searching population is examined and an efficient size is investigated. In order to verify the necessity of the optimum design based on the cost, minimum weight design and minimum cost design are carried out.

• 전기의세계
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• v.14 no.4
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• pp.8-17
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• 1965

Firstly, this study has analyzed the following factors affecting the optimum specifications and design of distributive transformers: 1. Facilities installation cost per unit power output. 2. Facilities operating & maintenance cost per unit power output. 3. Production cost per unit power output. 4. Load factor. 5. Loss factor. Secondly, it has clarified the relations between the following factors and the specifications and design of distributive transformers; 1. No-load loss., 2. Load loss., 3. Voltage regulation., 4. Exciting current. Finally, it has determined the method of the most economic design for the transformers using the above factors and relations, and, for optimum the illustrative purpose, suggested their optimum specifications, way of evaluation, and merits by means of typical example.

• Korean Journal of Construction Engineering and Management
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• v.2 no.4 s.8
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• pp.135-143
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• 2001

The purpose of this study is to estimate and analyze the optimum economic life of office buildings in consideration of their LCC (Life Cycle Cost), and thereby, explore the ways to manage the outlived office buildings economically. In estimating the economic life, initial investment cost and maintenance cost are taken into due consideration. For this study, those office buildings in Yeouido and Mapo region were sampled. The surveyed details were reduced to unit area to calculate a unit value, and then, their optimum economic life was estimated using LCC. Five alternatives for management of outlived office buildings were compared in terms of reconstruction or rehabilitation cost.

• Structural Engineering and Mechanics
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• v.51 no.3
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• pp.361-375
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• 2014

The main aim of this paper is to investigate the relationship between thickness and height of the axially symmetric cylindrical reinforced concrete (RC) walls by the help of a meta-heuristic optimization procedure. The material cost of the wall which includes concrete, reinforcement and formwork, was chosen as objective function of the optimization problem. The wall thickness, compressive strength of concrete and diameter of reinforcement bars were defined as design variables and tank volume, radius and height of the wall, loading condition and unit cost of material were defined as design constants. Numerical analyses of the wall were conducted by using superposition method (SPM) considering ACI 318-Building code requirements for structural concrete. The optimum wall thickness-height relationship was investigated under three main cases related with compressive strength of concrete and density of the stored liquid. According to the results, the proposed method is effective on finding the optimum design with minimum cost.