• Journal of Korean Society of Industrial and Systems Engineering
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• v.37 no.1
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• pp.165-171
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• 2014

We develop an optimization algorithm for a periodic review inventory system under a stochastic budget constraint. While most conventional studies on the periodic review inventory system consider a simple budget limit in terms of the inventory investment being less than a fixed budget, this study adopts more realistic assumption in that purchasing costs are paid at the time an order is arrived. Therefore, probability is employed to express the budget constraint. That is, the probability of total inventory investment to be less than budget must be greater than a certain value assuming that purchasing costs are paid at the time an order is arrived. We express the budget constraint in terms of the Lagrange multiplier and suggest a numerical method to obtain optional values of the cycle time and the safety factor to the system. We also perform the sensitivity analysis in order to investigate the dependence of important quantities on the budget constraint. We find that, as the amount of budget increases, the cycle time and the average inventory level increase, whereas the Lagrange multiplier decreases. In addition, as budget increases, the safety factor increases and reaches to a certain level. In particular, we derive the condition for the maximum safety factor.

• Korean Journal of Hydrosciences
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• v.8
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• pp.57-68
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• 1997

The daily soil water contents were obtained from the time domain reflectometry(TDR) method and energy balance-water budget approach with eddy correlation at the two small semiarid watersheds of Lucky Hills and Kendall during the summer rainy period. There was a comaprison of daily soil water content measured and estimated from these two different approaches. The comparison is valuable to evaluate the accuracy of current soil water content measuring system using TDR and energy balance-water budget approach using eddy correlation method at a small watershed scale. The degree of simiarity between the regressions of these two methods of measuring soil water content was explained by determining the correlations between these methods. Simple linear regression analyses showed that soil water content measured from TDR method was responsible for 58% and 63% of the variations estimated from energy balance-water budget approach with edy correlation at Lucky Hills and Kendall, respectively. The scatter plots and the regression analyses revealed that two different approaches for soil water content measurement at a small watershed scale have no significant difference.

• Journal of Astronomy and Space Sciences
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• v.17 no.2
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• pp.249-256
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• 2000

It has been developed to calculate fuel budget for a geostationary communication and broadcasting satellite. It is quite essential that the pre-launch fuel budget estimation must account for the deterministic transfer and drift orbit maneuver requirements. After on-station, the calculation of satellite lifetime should be based on the estimation of remaining fuel and assessment of actual performance. These estimations step from the proper algorithms to produce the prediction of satellite lifetime. This paper concentrates on the fuel estimation method that was studied for calculation of the propellant budget by using the given algorithms. Applications of this method are discussed for a communication and broadcasting satellite.

• Journal of Korean Society of Industrial and Systems Engineering
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• v.39 no.1
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• pp.17-24
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• 2016

Many organizations have transformed their business in order to survive and compete in the future. They generate projects by creating a vision, using strategies and objectives with funds aligning strategies and make efforts to complete them successfully because project success leads to business success. All projects have triple constraints such as scope, time, and cost to be completed. Project cost performance is a key factor to achieve project goals and which is mostly related with risks among various cost drivers. Projects require a cost estimation method to complete them within their budget and on time. An accurate budget cannot be estimated due to the uncertainties and risks. Thus some additional money should be funded in addition to the base budget as a contingency reserve for identified risks and a management reserve for unidentified risks. While research on contingency reserve for identified risks included in project budget baseline have been presented, research on management reserve for unidentified risks included in total project budget is still scarce. The lack of research on estimation method and role of the management reserve have made project managers little confidence to estimate project budget accurately with reasonable basis. This study proposes a practical model to estimate budgets including contingency and management reserves for not only project cost management but also to keep the balance of organization's total funds to maximize return on investments for project portfolio management. The advantages of the proposed model are demonstrated by its application to construction projects in Korea and the processes to apply this model for verification are also provided.

• Journal of Korean Society on Water Environment
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• v.33 no.5
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• pp.546-555
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• 2017

The Nutrient budget is one of the agricultural-environment indicators of OECD. A nutrient budget measures the surplus as the differential between the inputs and the outputs of within a certain boundary and within a specified period of time (i.e. one year). According to OECD, the annual nitrogen budget for Korea was $245kg\;N\;ha^{-1}$ in 2014, which corresponds to the first position among OECD countries. In Korea in 2014, about 90 % of livestock excreta was composted as solid and liquid manure, which are usually and customarily spread on agricultural land. The objectives of this study are intended to suggest methodology of the regional nitrogen budget as a nitrogen management tool, which considers conversion from raw excreta to composted manures based on the methodology of OECD/Eurostat, and application of the new method in an agricultural region of Korea. As a result, the calculated excess rate of hydrospheric nitrogen surplus was $251kg\;N\;ha^{-1}$ (in the region in 2014), which indicates the presence of potential risks emanating from excessive nitrogen, with regard to both export water and soil environments. The findings also assert that this was shown to be one of the most important elements in the nitrogen budget, which translates to the actual amounts of nitrogen lost during the solid composting process. To better understand the process and the reliability of the method, it is necessary to analyze the sensitivity of the relevant co-efficients used in the method in the near future.

• Journal of the Korean BIBLIA Society for library and Information Science
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• v.35 no.1
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• pp.149-168
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• 2024

This study aims to propose methods for determining the minimum book purchase cost budget in university libraries in accordance with the "University Library Promotion Act" and efficiently allocating and executing the secured book purchase cost budget to each department. To achieve this, the current status of university libraries and legal standards were examined and strategies for securing the minimum book purchase cost budget in accordance with legal standards were suggested, and a method for efficiently distributing the secured budget to departments was proposed. First, we determined the material acquisition budget for university libraries by applying the average price of domestically published books to the standards set forth in the University Library Promotion Act. The allocated budget was distributed with 80% assigned to departments and 20% budget for librarians. The department's allocated budget of 80% was then recalculated to 100% and distributed by applying three criteria: book prices by topic, student enrollment, and utilization rates.

• International Journal of Highway Engineering
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• v.16 no.5
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• pp.67-72
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• 2014

PURPOSES : This study focuses on conducting pavement rehabilitation for more deteriorated roads given a limited government budget. METHODS : Therefore, we apply a optimization programming model of the permutation algorithm used for rehabilitating more deteriorated pavement areas, which is subjected to the limited budget. RESULTS : The permutation algorithm was evaluated in terms of determining the maximized rehabilitation of deteriorated pavement areas, using the newly developed performance models such as fatigue cracking, rutting, international roughness index(IRI) through the surveying data from 2006 to 2012. When compared with a traditional model of the so-called worst-first sequence(WFS) method, the permutation algorithm worked better than the WFS method, resulting in covering more deteriorated pavement areas given the limited government budget. CONCLUSIONS : Through a case study, it could be concluded that the permutation algorithm provides more reliable results in terms of rehabilitating more deteriorated pavement areas given the limited budget.

• Journal of Korea Multimedia Society
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• v.12 no.3
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• pp.409-418
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• 2009

Providing Quality-of-Service (QoS) guarantee requires for each router on the path of a traffic flow not to violate the flow's delay budget allocated to itself. Since the amount of load being offered to the router is determined by the budget, some imbalance in load among routers on the path may be alleviated by means of adjusting the budget. The equal allocation applied to the resource reservation protocol (RSVP) is simple to implement, but it has the drawback of a poor resource utilization. A load balancing method in which the delay budget being allocated to a router depends on its load state was developed to improve the drawback, but it's too complex to apply to the RSVP. This paper proposes an intra-path load balancing method not only applicable to the RSVP but also more effective in improving the drawback. The proposed method first partitions the end-to-end delay bound of a flow to routers by the RSVP and then let them adjust their budgets according to both the bottleneck state of the path and their links' bandwidth availabilities. The results of the simulation applying the proposed method to an evaluation network showed that the proposed method may provide the gain of 4 ${\sim}$ 17 % compared to that in the legacy one in terms of the number of maximally admittable flows.

• Journal of Korean Society of Industrial and Systems Engineering
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• v.37 no.1
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• pp.50-59
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• 2014

In this paper, we develop an efficient approach to solve a multiple-item budget-constraint newsboy problem with a reservation policy. A conventional approach for solving such problem utilizes an approximation for the evaluation of an inverse of a Gaussian cumulative density function when the argument of the function is small, and a heuristic method for finding an optimal Lagrangian multiplier. In contrast to the conventional approach, this paper proposes more accurate method of evaluating the function by using the normalization and an effective numerical integration method. We also propose an efficient way to find an optimal Lagrangian multiplier by proving that the equation for the budget-constraint is in fact a monotonically increasing function in the Lagrangian multiplier. Numerical examples are tested to show the performance of the proposed approach with emphases on the behaviors of the inverse of a Gaussian cumulative density function and the Lagrangian multiplier. By using sensitivity analysis of different budget constraints, we show that the reservation policy indeed provides greater expected profit than the classical model of not having the reservation policy.

• Proceedings of the Korean Society of Agricultural Engineers Conference
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• 2002.10a
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• pp.265-268
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• 2002

The ground water regime analysis method, numerical analysis method, water budget method, and baseflow analysis method have been used for estimating ground water recharged quantity. This study, adapting water budget concept of unsaturated zone, and saturated zone of the DAWAST model, proposed a new method to estimate ground water recharged quantity.