• Title/Summary/Keyword: Cost & Period

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A System Analysis of a Controllable Queueing Model Operating under the {T:Min(T,N)} Policy (조정가능한 대기모형에 {T:Min(T,N)} 운용방침이 적용되었을 때의 시스템분석)

  • Rhee, Hahn-Kyou
    • Journal of Korean Society of Industrial and Systems Engineering
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    • v.38 no.1
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    • pp.21-29
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    • 2015
  • A steady-state controllable M/G/1 queueing model operating under the {T:Min(T,N)} policy is considered where the {T:Min(T,N)} policy is defined as the next busy period will be initiated either after T time units elapsed from the end of the previous busy period if at least one customer arrives at the system during that time period, or after T time units elapsed without a customer' arrival, the time instant when Nth customer arrives at the system or T time units elapsed with at least one customer arrives at the system whichever comes first. After deriving the necessary system characteristics including the expected number of customers in the system, the expected length of busy period and so on, the total expected cost function per unit time for the system operation is constructed to determine the optimal operating policy. To do so, the cost elements associated with such system characteristics including the customers' waiting cost in the system and the server's removal and activating cost are defined. Then, procedures to determine the optimal values of the decision variables included in the operating policy are provided based on minimizing the total expected cost function per unit time to operate the queueing system under considerations.

Analysis of Life Cycle Cost for Heat Source Equipments in Buildings for Adolescent Trainees (청소년 수련관의 열원설비 대안별 생애주기 비용에 관한 연구)

  • Ahn, Chang-hwan;Pang, Seung-ki;Baik, Yong-gyu
    • KIEAE Journal
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    • v.5 no.3
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    • pp.25-31
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    • 2005
  • Computer simulations were performed for Heating Ventilating and Air-Conditioning (HVAC) systems to figure out more efficient maintenance methods for the building used for adolescent trainees. This study aims at suggesting design alternatives for optimum operation and performing life cycle cost (LCC) for each alternative. First, the capacity of the heat source equipment was determined using annual maximum heating and cooling loads. Annual loads were calculated and applied to the alternative for the purpose of calculating annual energy cost. Second, several types of data were collected to predict energy cost. Finally, the pay back period for each alternative was calculated using total cost estimation during standard duration period. This study indicates that the absorption chiller that does not occupy most part of a mechanical room, and does not need much operation cost was most economical.

A Study of the Regulations for Calculation of Acceleration Costs on Construction Work (건설공사 공기단축으로 인한 추가비용의 산정규정에 관한 연구)

  • Min, Byeong-UK;Park, Hyung-Keun
    • KSCE Journal of Civil and Environmental Engineering Research
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    • v.37 no.2
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    • pp.409-417
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    • 2017
  • The study is concerned with doing research on the plan to prevent the dispute occurring between contract parties regarding the additional cost generated when the construction period is shortened during construction work. After the review of the claim cases and the judgment cases of the court regarding the additional cost caused by the shortened construction period, the representative problem is the incomplete regulations on calculating the additional cost. In the 1st stage of the results of the research on the problem, the procedure handling the additional cost is presented, and the process of planning and approving the shortening of the construction period is gone through in the stage of the procedure to prevent the dispute on the additional cost between contract parties. In the 2nd stage, the plan on enacting and revising the regulations on removing the incomplete problems of the current regulations relating to the calculation of the additional cost. The basis for the advanced contract management is provided by resolving the incomplete problems of the current regulations relating to the shortening of the construction period with the prevention of a dispute and the resultant loss.

Measuring a Value of Contract Flexibility in the Third-Party Warehousing

  • Park, Chul-Soon;Kim, Bo-Won
    • Management Science and Financial Engineering
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    • v.15 no.1
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    • pp.1-31
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    • 2009
  • This paper considers the value of warehousing contract under probabilistic demands. We consider a supply chain consisting of a supplier, a retailer and its third-party warehousing partner who provides the warehousing service to the retailer through an outsourcing contract. A typical contract is specified by initial space commitment and modification schedule. The retailer decides the order quantity for the supplier and space commitment for the outsourcing contract. Since there is close relationship between order quantity and space commitment to minimize the total cost including ordering cost, inventory carrying cost, shortage cost, and warehousing cost, we develop an analytical model under probabilistic demands, where the retailer can determine the optimal order size and space commitment level jointly. We found the closed-form optimum for a single-period case and the optimal conditions for a two-period case. To evaluate the value of contract flexibility for the two-period case, we compared the total cost under two policies; one with modification, under which the base commitment can be changed at the start of each period and the other without modification. From results of our numerical analysis, we showed that the modification policy is more cost-effective as the variability of demand increases.

The Study on Correlation between Traffic Accident Severity with Period and Cost of Treatment in Traffic Accident Outpatients Visiting a Korean Medicine Hospital (한방병원에 내원한 교통사고 외래환자에 있어서 사고규모와 치료기간 및 치료비용 간의 상관관계에 대한 연구)

  • Park, Ji-Yong;Hong, Nam-Jung;Lee, Min-Jung;Ahn, Ji-Hoon;Shin, You-Bin;Kim, Byung-Jung;Shin, Min-Geun;Ha, In-Hyuk;Lee, Jin-Ho
    • Journal of Korean Medicine Rehabilitation
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    • v.24 no.1
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    • pp.65-76
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    • 2014
  • Objectives The purpose of this study is to investigate the corelation between traffic accident severity and treatment period and cost by traffic accident. Methods Outpatients who visited Jaseng Korean medicine hospital traffic accident clinic were investigated by hospital computer system about period and cost of treatment. And we requested for repair cost of car, a sort of car groups and agreement date with car insurance company to insurance company. Therefore we could analysis statistical correlation of traffic accident severity (repair cost of car) with period of treatment, cost of treatment, number of treatment in same sort of car groups. For statistics, we used SPSS version 18.0 for windows. Results A significant positive correlation was found between traffic accident severity (repair cost of car) with repair cost of car, cost of treatment and number of treatment in semi-midsize car, midsize car group. But, any significant correlation wasn't found between traffic accident severity (repair cost of car) with repair cost of car, cost of treatment and number of treatment in small car, full-sized car group. In SUV (sport utility vehicle) car group some significant correlation was found, but it isn't between traffic accident severity (repair cost of car) with repair cost of car, cost of treatment and number of treatment. Conclusions It was found that traffic accident severity (repair cost of car) had an effect on cost of car, cost of treatment and number of treatment by statistical analysis. But, it was also suggested strongly that other factors like a cost of car and ages had an effect on them.

Optimal Burn-In under Warranty

  • Kim, Kuinam-J;Park, Chi-Yeon
    • Journal of the Korea Safety Management & Science
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    • v.1 no.1
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    • pp.135-143
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    • 1999
  • This paper discusses an optimal burn-in procedure to minimize total costs based on the assumption that the failure rate pattern follows a bimodal mixed Weibull distribution. The procedure will consider warranty period as a factor of the total expected bum-in cost. A cost model is formulated to find the optimal burn-in time that minimizes the expected burn-in cost. Conditional reliability for warranty period will be discussed. An illustrative example is included to show how to use the cost model in practice.

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Optimal Preventive Maintenance Period in Complex Systems in Considering Components Reliability Characteristic (하부 구성품의 신뢰도 특성을 고려한 복합 시스템의 최적 예방정비 주기 산출)

  • Lee, Youn-Ho;Lee, Ik-Do;Lee, Dong-Woo;Sohn, Ki-Hong
    • Journal of Korean Institute of Industrial Engineers
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    • v.37 no.4
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    • pp.390-399
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    • 2011
  • Generally the life-cycle cost of complex systems composed of several sub systems or equipments such as train, aircraft weapon systems is spent much more during operation and maintenance phase than development phase. The maintenance cost for maintaining the availability and extending the life span of systems comprise a large proportion of systems operation cost. The cycle of preventive maintenance affects operation and maintenance cost a lot. In this study we introduce a way minimizing life-cycle cost of systems by calculating more reliable preventive maintenance period than the results of previous study using systems reliability data considered the reliability and failure effect ratio of sub-systems or components. We can solve the preventive maintenance period problem known as NP-Hard as quick as possible by using modified genetic algorithm than using other models introduced in previous study.

Analysis of a Controllable M/G/1 Queueing Model Operating under the (TN) Policy ((TN) 운용방침이 적용되는 조정가능한 M/G/1 대기모형 분석)

  • Rhee, Hahn-Kyou
    • Journal of Korean Society of Industrial and Systems Engineering
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    • v.37 no.1
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    • pp.96-103
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    • 2014
  • A steady-state controllable M/G/1 queueing model operating under the (TN) policy is considered where the (TN) policy is defined as the next busy period will be initiated either after T time units elapsed from the end of the previous busy period if at least one customer arrives at the system during that time period, or the time instant when Nth customer arrives at the system after T time units elapsed without customers' arrivals during that time period. After deriving the necessary system characteristics such as the expected number of customers in the system, the expected length of busy period and so on, the total expected cost function per unit time in the system operation is constructed to determine the optimal operating policy. To do so, the cost elements associated with such system characteristics including the customers' waiting cost in the system and the server's removal and activating cost are defined. Then, the optimal values of the decision variables included in the operating policies are determined by minimizing the total expected cost function per unit time to operate the system under consideration.

Economic Analysis of Neighborhood Facility using the U-flanged Truss Hybrid Beam (U-플랜지 트러스 복합보를 사용한 근린생활시설의 경제성 분석)

  • Oh, Myoung Ho;Park, Sung Jin;Kim, Young Ho
    • Journal of Korean Association for Spatial Structures
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    • v.21 no.3
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    • pp.77-84
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    • 2021
  • In this study, In order to apply the U-flanged truss hybrid beam to the actual construction site, the structural design of the basic module of the middle and low-rise neighborhood living facilities was performed according to the Korea Design Standard, and the construction cost and construction period were compared with the traditional reinforced concrete structure system. As a result of analyzing the construction cost for the basic module, if the U-flanged truss hybrid beam and D-Deck slab system are used, the construction cost can be reduced by 86% compared to the traditional reinforced concrete structure system. In addition, as a result of analyzing the construction period for a floor area of 1,000m2, using the U-flanged truss hybrid beam and D-Deck slab system can save 2.0days in construction period compared to the traditional reinforced concrete structure system. Therefore, the U-flange truss hybrid beam can secure sufficient economic feasibility compared to the existing reinforced concrete method in terms of cost reduction and shortening of construction period.

A Dynamic Production and Transportation Model with Multiple Freight Container Types (다수의 화물컨테이너를 고려한 동적 생산-수송 모형에 관한 연구)

  • Lee, Woon-Seek
    • Journal of Korean Institute of Industrial Engineers
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    • v.24 no.1
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    • pp.157-165
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    • 1998
  • This paper considers the single-product production and transportation problem with discrete time, dynamic demand and finite time horizon, an extension of classical dynamic lot-sizing model. In the model, multiple freight container types are allowed as the transportation mode and each order (product) placed in a period is shipped immediately by containers in the period. Moreover, each container has type-dependent carrying capacity restriction and at most one container type is allowed in each shipping period. The unit freight cost for each container type depends on the size of its carrying capacity. The total freight cost is proportional to the number of each container type employed. Such a freight cost is considered as another set-up cost. Also, it is assumed in the model that production and inventory cost functions are dynamically concave and backlogging is not allowed. The objective of this study is to determine the optimal production policy and the optimal transportation policy simultaneously that minimizes the total system cost (including production cost, inventory holding cost, and freight cost) to satisfy dynamic demands over a finite time horizon. In the analysis, the optimal solution properties are characterized, based on which a dynamic programming algorithm is derived. The solution algorithm is then illustrated with a numerical example.

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