• Communications for Statistical Applications and Methods
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• v.6 no.3
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• pp.719-728
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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 burn-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 prctice.

• Journal of Korean Society for Quality Management
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• v.17 no.1
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• pp.116-124
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• 1989

A multi-period production-inventory scheduling model, which extends the customary dynamic lot sizing model to the one for deteriorating items, is developed. The amount of deterioration during a period is assumed to be proportional to the on-hand inventory at the end of the period. It is futher assumed that the deterioration rates vary from period to period. In addtion, an expediting cost due to the delay of outstanding order is included and it is allowed to offset the order release date in advance, instead, in order to avoid incurring the cost. Finally, a quasi-WW algorithm corresponding to the Wagar-Whitin algorithm is proposed to obtain the optimal production-inventory schedules.

• Journal of the Korean Society for Geothermal and Hydrothermal Energy
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• v.9 no.2
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• pp.25-31
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• 2013

It has become very important for unused energy to be used for building air conditioning. Economic evaluation on energy system by using river water as a heat source, which is one of the unused energy, was carried out. The floor area of the building and the distance between heat source equipment and river was assumed $50,000m^2$ and 200 m. General heat source system using absorption chiller-heater was used for comparing to the energy saving system, and payback period method using initial cost and running cost of two systems, was used to perform economic evaluation. According to development of high capacity of water source heat pump which is appropriate for using river water, initial cost for the system has been reduced. Payback period was about 3.2 years, and this period might be shortened if nation's economic support enact.

• Journal of Digital Convergence
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• v.20 no.4
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• pp.215-224
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• 2022

This study tried to examine the effect of cost asymmetry on food service companies and what characteristics affect such cost behavior. This study analyses cost behavior for cost of good sold, selling, general and administrative cost over the 2019-2020 period. Also, the rate of change in activity level was measured using change in sales. This study measures the behavior of cost using the research model of [1]. As a result of the analysis, it was found that food service companies exhibited cost asymmetric behavior as their sales level decreased. In addition, the cost asymmetric behavior has been strengthened since the corona virus, and the shorter the operating cycle. Lastly, the shorter the inventory holding period and the collection period of accounts receivable, which are components of the operating cycle, more strengthen asymmetric behavior of costs. These results seem to be meaningful in examining the cost structure and factors that may affect the structure for food service industry. This has approached the cost aspect of the situation faced by service food companies due to COVID-19, and it can be suggested that this pandemic can lead to cost reduction due to a decrease in corporate sales.

• International conference on construction engineering and project management
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• 2015.10a
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• pp.606-607
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• 2015

The traffic volume on the road shows various trends reflecting regional characteristics for monthly and hourly, and economic loss affecting users varies according to the selected period for the maintenance of road pavements. Therefore, in this study, the user cost (or delay cost) for monthly and hourly on the work zone near the Maesang Bridge Section on Poseung-Gu, Pyeongtaek-si, Gyeonggi-do was calculated using the time series models and VISSIM, and based on the result, the effect of user cost reduction according to the selection of best maintenance period was examined. The analysis result showed that the month of the lowest user cost occurred due to the maintenance of target section was January (10,293,258 KRW/Day×1km) and the month of the greatest user cost occurred was November (13,337,495 KRW/Day×1km).

• Proceedings of the Korean Institute of Building Construction Conference
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• 2019.11a
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• pp.48-49
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• 2019

The number of disputes over defects after completion of construction work in apartment buildings is increasing every year. In this situation, the prediction of reasonable defect repair costs is very important. In this paper, we are going to collect basic data for predicting defect repair costs through the correlation analysis of the construction period and defect repair cost of apartment houses. For this purpose, first of all, the construction period and defect repair cost of apartment houses were analyzed to analyze the construction period for each type of work, the construction period for each project type, and the construction period for each standard calculation. Next, the correlation between defect repair cost and the independent variables of the candidate was conducted. According to the analysis, the ratio of framing air, the ratio of finishing air, and the number of delay days showed strong correlation.

• Proceedings of the KSME Conference
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• 2001.06d
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• pp.286-291
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• 2001

This paper describes an optimal scheduling for ice slurry systems for energy cost saving. The optimization technique applied in the study is the dynamic programming method, for which the state variable is the storage in the ice storage tank and the control variable is the state of chiller's on-off switching. Though the costs during charge period is included in optimization by taking the average cost of ice per hour for slurry making, the time horizon for the simulation is limited building cooling period because accurate charge rate from the ice maker into the ice storage tank cannot be estimated during the charge period. In the operating simulation after optimizing procedure, energy consumption and operating cost for the optimal control are calculated and compared with them for a conventional control with one case of cooling load profile.

• Journal of Korean Society of Industrial and Systems Engineering
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• v.30 no.1
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• pp.8-14
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• 2007

This paper addresses the allocation planning of the storage location in a warehouse system that the dedicated storage method is used. In the discrete finite time period model, the demands for storage location of products are dynamic for time periods. The planning is to determine the reallocation time period and the storage location of the products in reallocation time period, which minimizes costs. The cost factors are the reallocation cost, the travel cost within warehouse and the surplus storage location cost. A model is formulated, and the property of optimal solution is characterized. The dynamic programming algorithm is developed, and a numerical example is shown.

• 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.

• KIEAE Journal
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• v.12 no.1
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• pp.105-112
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• 2012

When a building is planned and designed, the design should be able to minimize the cost during the whole life cycle of the building. This study has begun to analyze LCC about the alternative design which is applicable to renewable energy facility construction. It is reviewed domestic and foreign papers about the trend of LCC technology and it is determined the analytical method to analyze the LCC of renewable energy. Regarding the review of alternatives, it is chosen the three alternatives which are able to designed combing the renewable energy facilities and it is performed the LCC analysis about each alternative. Alternative 1 is Photovoltaic + Solar Thermal + Photovoltaic /Wind Power, Alternative 2 is Geothermal + Photovoltaic, and Alternative 3 is Photovoltaic + Solar Thermal. The LCC analysis is present value method, its analytical period is 40 years and it is applied 3.2% of real discount rate. As a result, it is proved that Alternative 1 and Alternative 3 are not able to collectible the early investment cost during the analytical period and Alternative 2 is analyzed that its pay-back period of early investment cost is about 31 years. As the final outcome of this study on case analysis, it is more advantageous to use the combination of Geothermal and Photovoltaic energy than to use the other combination in LCC aspect.