• International Journal of Advanced Culture Technology
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• 제9권3호
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• pp.271-276
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• 2021

In this paper we analyze the effect of the credit period on inventory policy under trade credit with ordering cost including a fixed cost and freight cost, where the freight cost has a quantity discount. For marketing purposes, some supplier offers credit period to his buyer to stimulate the demand for the product he produces. The delay in payments during the credit period has the effect of reducing the buyer's capital opportunity cost. It is also assumed that the buyer pays the freight cost for the order and hence, the ordering cost consists of a fixed ordering cost and a variable freight cost which depends on the order quantity. As a result, the possibilities of trade credit and discounts on freight costs are expected to play an important role in the buyer's inventory policy. Based on the economic order quantity inventory model, we analyze how the buyer can determine the optimal inventory policy and we examine the effect of the length of credit period on the buyer's inventory policy.

• 한국정밀공학회지
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• 제15권6호
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• pp.33-39
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• 1998

This paper is related to economic design of tool-resetting period in NC machining. In NC lathe machining, the mean and variance of components dimension fluctuate in slow time and we should reset tool program to compensate the variation from the fluctuation. In this paper. we propose the procedure determining the optimal resetting period based on the total expected operating cost which consists of resetting cost and the quality cost related to dimension variation. As a case study, using experimental data about dimension changes of a lathe machining, we obtain the regression equations of mean and variance of the dimension fluctuation, total expected operating cost, and optimal resetting period.

• International Journal of Reliability and Applications
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• 제18권1호
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• pp.9-20
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• 2017

In this paper, we consider a renewable repair-replacement warranty strategy with age-dependent minimal repair service and propose an optimal maintenance model during post-warranty period. Such model implements the repair time limit under warranty and follows with a certain form of system maintenance strategy when the warranty expires. The expected cost rate is investigated per unit time during the life period of the system as for the standard for optimality. Based on the cost design defined for each failure of the system, the expected cost rate is derived during the life period of the system, considering that a renewable minimal repair-replacement warranty strategy with the repair time limit is provided to the customer under warranty. When the warranty is finished, the maintenance of the system is the customer's responsibility. The life period of the system is defined and the expected cost rate is developed from the viewpoint of the customer's perspective. We obtain the optimal maintenance strategy during the maintenance period by minimizing such a cost rate after a warranty expires. Numerical examples using field data are shown to exemplify the application of the methodologies proposed in this paper.

• 산업공학
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• 제16권1호
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• pp.27-33
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• 2003

The maintenance cost in K Steelworks has been continuously increased in proportion to the production cost. However, there seems to be a possibility of reducing cost through the optimization of maintenance actions. The failure types of the equipment in steelworks ate various with different failure cost. Thus the failure rate and cost of each type of failures should be considered simultaneously when the optimum maintenance period is to be determined. It is considered that the equipment undergoes periodic replacement and a specified number of incomplete preventive maintenance actions are performed during a replacement period. Assuming that the time to failure follows a Weibull distribution, the parameters of the failure rate are estimated using the maximum likelihood estimation. The optimal replacement period is determined to minimize the average cost per unit time. As the result of analysis it is suggested that the existing maintenance period for a hot-rolling equipment can be extended significantly.

• 농업과학연구
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• 제31권2호
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• pp.149-160
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• 2004

This study had carried out an analysis of leaf tobacco production cost by cost items, growing stages, and farm sizes per 10a to provide the basic data for determination of the purchasing price of leaf tobacco by KT&G. Considering the survey results of 12 tobacco farm households, the composition rates of production cost by items revealed as 7-10% for land service, 5-22% for depreciation, 13-25% for material costs, 50-65% for labour cost respectively. The production cost of leaf tobacco by growing stages were shown as 15.3% in nursery bed period, 32.3% in main growing period in field, 30.8% in harvesting period and 21.6% in packing period. The magnitude of wage expenditure was appeared as harvesting stage, packing stage, growing stage on main field and nursery bed stage in order. The amount of material costs were revealed as the growing stage in main field, harvesting stage, nursery bed stage and packing stage respectively. The production costs of leaf tobacco per 10a by farm sizes were shown as 1,615,879won for small farm, 1,446,896won for medium farm and 1,454,408won for large farm respectively. The production cost of leaf tobacco had shown decreasing tendency according to increasing farm sizes. To promote the international market competitiveness of leaf tobacco producing farms, labour saving production technologies and cost effective farm size to decrease tobacco production cost should be developed.

• 한국실내디자인학회논문집
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• 제14권5호
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• pp.218-225
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• 2005

In this apartment market, many apartments are being reconstructed within even less than 20 years from their first construction. This entails many problems in environmental and economical facets, for which many researches are under way in several institutions and universities. International cases show that the international trend goes for remodeling of maintenance, management, and repairing rather than new building. The purpose of this study is to investigate the factors of cost evaluation for establishing the time period of apartment based on durability of material and equipment while considering the economic feasibility of apartment, when remodeling as a concept of sustainability regarding building is being vitalized. This study investigates the proper period of remodeling in consideration of weight accruing to the LC(Life Cycle) and cost based on the standardized durability. The weight of cost, period establishment analysis, and LC according durability varies the data values of remodeling periods. The physical durability and cost from this data enable the investigation into not only the repair period of individual materials of the apartment but also remodeling period.

• International Journal of Reliability and Applications
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• 제18권1호
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• pp.1-8
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• 2017

In this paper, we study an extended warranty model under minimal repair-replacement warranty (MRRW) which is suggested by Park, Jung and Park (2013). Under MRRW policy, the manufacturer is responsible for providing the minimal repair-replacement services upon the system failures during the warranty period. And if the failure occurs during the extended warranty period, only the minimal repair is conducted. Following the expiration of extended warranty, the user is solely responsible for maintaining the system for a fixed length of time period and replaces the system at the end of such a maintenance period. During the maintenance period, only the minimally repair is given for each system failure. The main purpose of this article is to suggest the extended warranty and replacement model with MRRW. Given the cost structures incurred during the life cycle of the system, we formulate the expected cost and the expected length of life cycle to obtain the expected cost rate.

• 산업경영시스템학회지
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• 제31권2호
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• pp.19-27
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• 2008

This paper addresses determining the location of the distribution centers in a discrete dynamic distribution system. In discrete and finite time horizon, the demands of retailers are dynamic for the periods. Some locations among the retailers can be chosen for the role of the distribution centers at the beginning of each period. The distribution centers have to be located at the location of minimizing logistics cost. Logistics cost factors are the operation cost and the fixed cost of distribution center, and the transportation cost. The distribution centers of minimizing sum of operation cost, fixed cost and transportation cost are determined among retailers in each period for the planning period. A mathematical model was formulated and a dynamic programming based algorithm was developed. A numerical example was shown to explain our problem.

• International Journal of Reliability and Applications
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• 제2권4호
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• pp.241-251
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• 2001

In this paper, optimal bum-in time to minimize the total mean cost, which is the sum of manufacturing cost with burn-in and cumulative warranty-related cost, is obtained. When the products with cumulative pro-rata warranty have high failure rate in the early period (infant mortality period), a burn-in procedure is adopted to eliminate early product failures. After burn-in, the posterior product life distribution and the warranty-related cost are dependent on burn-in time; long burn-in period may reduce the warranty-related cost, but it increases the manufacturing cost. The paper provides a methodology to obtain total mean cost under burn-in and cumulative pro-rata warranty. Property of the optimal burn-in time is analyzed, and numerical examples and sensitivity analysis are studied.

• 품질경영학회지
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• 제20권1호
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• pp.39-47
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• 1992

This paper is concerned with cost analysis and determination of warranty period in a stepdown warranty policy. Manufacturer's warranty cost is analyzed for nonrepairable item, where the warranty is assumed to be renewed at any failure within the warranty period. It is shown that from this result in free replacement policy, pro-rata policy and hybrid policy can be easily calculated. The method of determining optimal warranty period is also explored.