• Title/Summary/Keyword: Cost Benefit Analysis

Search Result 967, Processing Time 0.025 seconds

Modal Choice with Travel Time Reliability (통행시간 신뢰도를 고려한 통행수단선택모형에 관한 연구)

  • Nam, Doo-Hee;Park, Dong-Joo
    • Journal of Korean Society of Transportation
    • /
    • v.22 no.6
    • /
    • pp.7-16
    • /
    • 2004
  • In mode choice decision, travelers consider not only travel time but also reliability of its modes. In this paper, reliability was expressed in terms of standard deviation and maximum delay that were measured based on triangular distribution. In order to estimate value of time and value of reliability, the Multinomial and Nested Logit models were used. The analysis results revealed that reliability is an important factor affecting mode choice decisions. Elasticity is used to estimate the impacts of the different policies and system improvements for water transportation mode. Among these policies, decision maker can assess and select the best alternative by doing the benefit and cost analysis based on a new market share, the value of time, and the value of reliability. Finally, a set of promising policies and system improvement of the water transportation were proposed.

A Study on the Mitigation of Welding Distortion of a Precision Component for Automobile Transmission (자동차 변속기용 정밀 부품의 용접변형 감소화에 관한 연구)

  • Chung, Hoi-Yoon;Kim, Jae-Woong;Yun, Seok-Chul
    • Journal of Welding and Joining
    • /
    • v.30 no.4
    • /
    • pp.31-37
    • /
    • 2012
  • In recent years, a demand for precision-welding is increasing in wide industrial fields for getting a high quality welded structures. Although laser welding is commonly used for precision-welding, gas tungsten arc (GTA) welding is also attempted as a precision-welding due to the cost benefit. However, welding heat causes an uneven temperature distribution leading to welding deformation. Since it causes geometric errors and degrades product quality, welding distortion recently rises as an important issue in the field of automobile parts. To control welding deformation, it is needed to design in shapes that can maximize stiffness against deformation during welding; control the welding sequence; minimize heat input; and weld allowing reverse deformation; etc. Thus it is necessary to find the one, among such approaches, that can minimize the deformation range by mathematical analysis and understand how effective it would be when it is actually used in industrial fields. This study performs analyses by numerical calculations and experiments for the De-Tent Lever, one of transmission part that requires precision the most among automobile parts, as the subject of experiment. Decrease in welding deformation is required for this part, since there is currently a trouble in guaranteeing precision due to angular deformation by welding between boss and plate. Finally the ways to minimize welding deformation has been suggested in this study through analyses on it.

A Conceptual Design and Feasibility Analysis of a Window Cleaning Device (유리창 청소장치의 개념 디자인 및 경제적 타당성 예측)

  • Kim, Kyoon-Tai;Jun, Young-Hun
    • Journal of the Korea Institute of Building Construction
    • /
    • v.20 no.6
    • /
    • pp.537-543
    • /
    • 2020
  • The window cleaning works are manpower-dependent and are performed in an unstable posture at high altitude, so that there is a risk of falling. Therefore, there is an urgent need to improve the safety of workers. In this study, a conceptual design was proposed for the cleaning of exterior windows of a building, and the economic feasibility of the proposed conceptual model was analyzed. The proposed model is designed to avoid protrusions such as window frames, and to be able to respond even if the shapes of the upper and lower parts are different. As a result of analyzing the economic feasibility of the designed conceptual model, the benefit cost ratio was 4.48, which was significantly higher than 1. Therefore, the economic feasibility of the proposed window cleaning device is expected to be sufficient. The results analyzed in this paper will be used in the development and marketing of the window cleaning device.

Effect of stress-strain curve changing with equal channel angular pressing on ultimate strength of ship hull stiffened panels

  • Sekban, Dursun Murat;Olmez, Hasan
    • Structural Engineering and Mechanics
    • /
    • v.78 no.4
    • /
    • pp.473-484
    • /
    • 2021
  • Similar to other structures, ultimate strength values showing the maximum load that the structure can resist without damaging has great importance on ships. Therefore, increasing the ultimate strength values will be an important benefit for the structure. Low carbon steels used in ships due to their low cost and good weldability. Improving the ultimate strength values without interfering with the chemical composition to prevent of the weldability properties of these steels would be very beneficial for ships. Grain refinement via severe plastic deformation (SPD) is an essential strengthening mechanism without changing the chemical composition of metallic materials. Among SPD methods, equal channel angular pressing (ECAP) is one of the most commonly used one due to its capacity for achieving bulk ultrafine-grained (UFG) materials. When the literature is examined, it is seen that there is no study about ultimate strength calculation in ships after ECAP. Therefore, the mean purpose of this study is to apply ECAP to a shipbuilding low carbon steel to be able to achieve mechanical properties and investigate the alteration of ship hull girder grillage system's ultimate strength via finite element analysis approach. A fine-grained (FG) microstructure with a mean grain size of 6 ㎛ (initial grain size was 25 ㎛) was after ECAP. This microstructural evolution brought about a considerable increase in strength values. Both yield and tensile strength values increased from 280 MPa and 425 MPa to about 420 MPa and 785 MPa, respectively. This improvement in the strength values reflected a finite element method to determine the ultimate strength of ship hull girder grillage system. As a result of calculations, it was reached significantly higher ultimate strength values (237,876 MPa) compared the non-processed situation (192,986 MPa) on ship hull girder grillage system.

Review on cost-benefit analysis of the rainwater harvesting system: method and sensitivity analysis (빗물이용시설의 경제성 분석 방법에 대한 검토: 방법 및 민감도 분석)

  • Donggyu Hwang;Sangho Lee;Namjoo Lee
    • Proceedings of the Korea Water Resources Association Conference
    • /
    • 2023.05a
    • /
    • pp.446-446
    • /
    • 2023
  • 우리나라는 물의 재이용 촉진 및 지원에 관한 법률에 따라 수자원의 지속 가능한 이용을 목적으로 빗물이용시설의 설치 및 운영을 법·제도적으로 의무화하고 있으며, 위 법에 근거하여 지방자치단체에서는 빗물이용시설의 설치를 장려하기 위한 재정 지원 정책을 시행하고 있다. 환경 투자사업의 일환인 빗물이용시설 설치 사업은 장기간에 대한 경제성 분석이 요구되며, 분석에 이용된 경제성 분석 방법 및 사회적 할인율에 따라 분석 결과가 상이할 수 있다. 이에 따라, 이 연구에서는 순현재가치와 편익-비용 비율을 비교·검토하여 빗물이용시설의 경제성 분석에 적합한 방법을 제시하였으며, 경제성 분석에서 불확실한 요소인 사회적 할인율과 물가상승률에 대한 민감도 분석을 통해 두 요소의 불확실성을 평가하였다. 분석 대상 시설은 인천 청라지구 1공구에 계획된 빗물이용시설이며, 경제성 분석 기간은 지방공기업법 시행규칙에 제시된 건축물의 내용 연수인 30년으로 하였다. 편익-비용 비율을 이용하여 빗물이용시설의 경제성을 분석한 결과, 저류용량이 285 m3에서 최대 수익률이 나타났으며, 순현재가치는 저류용량이 1105 m3일 때 최대 수익이 발생하는 것으로 분석되었다. 분석 대상 지역의 경우에 285 m3에 대한 양적 신뢰도는 7.3%로 빗물이용시설의 효과를 기대하기 어려운 결과이며, 이와 같은 결과는 편익-비용 비율이 사업의 경제성을 수익률로 평가함에 따라 투자 규모를 반영하지 않는 한계로 인한 것으로 판단된다. 사회적 할인율과물가상승률에 대한 민감도 분석 결과, 사회적 할인율이 낮아지고 물가상승률이 높아짐에 따라 빗물이용시설의 저류용량과 그에 상응하는 최대 순현재가치가 커지는 경향을 보였다. 이는 미래가치를 높게 평가할수록 빗물이용시설의 저류용량이 크게 설계될 수 있음을 의미한다.

  • PDF

Determination of Optimal Locations for the Variable Message Signs by The Genetic Algorithm (유전자 알고리즘을 이용한 VMS의 최적위치 선정에 관한 연구)

  • Lee, Sooil;Oh, Seung-hoon;Lee, Byeong-saeng
    • KSCE Journal of Civil and Environmental Engineering Research
    • /
    • v.26 no.6D
    • /
    • pp.927-933
    • /
    • 2006
  • The Variable Message Signs (VMS) are useful way to reduce the socio-economic costs due to the traffic congestions and delays by providing the information on traffic condition to drivers. This study provided a methodology to determine the locations of VMS's in terms of the minimization of the delay by applying the genetic algorithm. The optimal number of VMS's was also derived by the economic analysis based on the cost and the benefit. The simulation considered the variation of traffic volume, the frequency and duration of the incident, and the traffic conversion in order to reflect the real situation. I've made a scenario to consider traffic volume and incident, and it can undergo through changing different traffic volume and incident in time and days and seasons. And I've comprised two kinds of result, one is based on empirical studies, the other is based on Genetic Algorithm about optimal allocation VMS. This result of using optimal location VMS, reduce total travel time rather than preceding study based on normal location VMS and we can estimate optimal location VMS each one.

Theoretical analysis of e-commerce in global economic market in terms of benefits and disadvantageous

  • He, Xiaoqiang;Li, Jialing;Hani, Ibrahim Rasool;Nhu, B.N.;Assilzadeh, H.;Ali, H. Elhosiny;Elattar, Samia
    • Smart Structures and Systems
    • /
    • v.30 no.5
    • /
    • pp.545-556
    • /
    • 2022
  • Through the examination of literatures, electronic commerce is a subject which is accepted in enterprises to define e-commerce adoption, trends, and issues that are assisting and obstructing its efficacy. E-commerce offers numerous advantages to consumer satisfaction in any place and helps the company to get a competitive benefit over its competitors. The Internet has expanded the scope of business. Many business information is available by the global network that supports information gathering between organizations, businesses and their clients, while various divisions of a business is increasing at an exponential rate. Meanwhile, there are a few barriers to proper e-commerce usage and adoption, such as reliable internet connections, poor e-commerce supporting infrastructures, logistics systems presenting socio-regulatory and poor transportation barriers and demonstrating the significant improvement of e-commerce reliable and affordable Internet provisions, i.e., Internet cost, intensity, and reasonable level of e-readiness. The operational and strategic significance of information-based virtual value chains for all organizations cannot be emphasized. As a consequence, this study confirms worldwide market elements of e-commerce, such as its issues, benefits, relevance, scope, facilitators and projects prospective obstacles in a developing economy.

The Impact of Social Media Functionality and Strategy Alignment to Small and Medium Enterprises (SMEs) Performance: A Case Study in Garment SME in East Java

  • Mahendrawathi ER;Nanda Kurnia Wardati
    • Asia pacific journal of information systems
    • /
    • v.30 no.3
    • /
    • pp.568-589
    • /
    • 2020
  • Recently, Social media has become a concern for businesses, including Small and Medium Enterprises (SMEs). SMEs began to adopt social media to support their performance. To benefit from the application of social media, SMEs must implement the right strategy. This study aims to analyze the factors that influence the use of social media in SMEs. Furthermore, alignment between social media functionalities and strategies and their effect on SME's performance are investigated. A case study is conducted in Gymi, a garment SMEs in East Java, Indonesia. The data collection includes interviews with the owner of SMEs, observations, and document analysis. Data analysis is performed by pattern matching, which matches the patterns from the literature with data from the case study. The results of this study show that cost-effectiveness, interactivity, and compatibility are factors that influence the use of social media in Gymi. The social media used by Gymi are Instagram, Facebook, YouTube, WhatsApp, and LINE. However, the main social media used to support Gymi's functions is Instagram. Gymi has a relatively good social media strategy as it has defined a specific goal, target audience, and channel selection for social media (Instagram). It also has specific resources and policies to handle social media. Gymi monitors and evaluates their social media content activities. These strategies are aligned with the Instagram feature used to support Gymi's function, particularly marketing, sales, customer service, and to some extent, internal operation. The alignment contributes to Gymi's performance measured by the increase in reputation (number of Instagram followers) and sales.

A Study on Developing a Model for Cancer Damage Cost Due to Risk from Benzene in Ulsan Metropolitan City (울산 지역에서 대기중 벤젠으로 인한 암 사망 손실비용 추정 모형에 관한 연구)

  • Lee, Yong-Jin;Kim, Ye-Shin;Shin, Dong-Chun;Shin, Young-Chul
    • Environmental and Resource Economics Review
    • /
    • v.13 no.1
    • /
    • pp.49-82
    • /
    • 2004
  • The study aimed to evaluate cancer damage cost due to risk from benzene inhalation. We performed health risk assessment based on US EPA guideline to estimate annual population risk in Ulsan metropolitan city. Also, we estimated a willingness-to-pay amount for reducing a cancer mortality rate to evaluate a value of statistical life. We combined the annual population risk and the value of statistical life to calculate the cancer damage cost. In the health risk assessment, we applied the benzene unit risk ($2.2{\times}10^{-6}{\sim}7.8{\times}10^{-6}$) in the US EPA'S Integrated Risk Information System to assess the annual population risk. Average concentration of benzene in ambient air is $7.88{\mu}g/m^3$(min: 1.16~max: $23.32{\mu}g/m^3$). We targeted an exposure population of 516,641 persons who aged over 30 years old. Using a Monte-Carlo simulation for uncertainty analysis, we evaluated that the population risk of benzene during ten years in Ulsan city is 2.90 persons (5 percentile: 0.32~95 percentile: 9.11persons). And the monthly average WTP for 5/1,000 cancer mortality reduction during ten years is 14,852 Won(95% C.I: 13,135~16,794 Won) and the implied VSL is 36 million Won(95% C.I: 30~40 million Won). Cancer damage cost due to risk from benzene inhalation during 10 years in Ulsan city is about 104 million Won(5 percentile: 13~95 percentile: 328 million Won). Health benefit cost to reduce a cancer mortality risk of benzene is about 50 million Won is Ulsan metropolitann city. But, it is very important that this cost is not for all health damage cost of cancer mortality in some area. We just recommended a model for evaluating a cancer risk reduction, so we must re-evaluate an integrated application of total VOCs damage cost including benzene.

  • PDF

Micro-Hydropower System with a Semi-Kaplan Turbine for Sewage Treatment Plant Application: Kiheung Respia Case Study (하수처리장 적용을 위한 Semi-카플란 수차가 장착된 마이크로수력발전 시스템: 기흥레스피아 사례)

  • Chae, Kyu-Jung;Kim, Dong-Soo;Cheon, Kyung-Ho;Kim, Won-Kyoung;Kim, Jung-Yeon;Lee, Chul-Hyung;Park, Wan-Soon
    • Journal of Korean Society of Environmental Engineers
    • /
    • v.35 no.5
    • /
    • pp.363-370
    • /
    • 2013
  • Small scale hydropower is one of most attractive and cost-effective energy technologies for installation within sewage treatment plants. This study was conducted to evaluate the potential of a semi-kaplan micro-hydropower (MHP) system for application to sewage treatment plants with high flow fluctuations and a low head. The semi-kaplan MHP is equipped with an adjustable runner blade, and is without a guide vane, so as to reduce the incidence of mechanical problems. A MHP rating 13.4 kWp with a semi-kaplan turbine has been considered for Kiheung Respia sewage treatment plant, and this installation is estimated to generate 86.8 MWh of electricity annually, which is enough to supply electricity to over 25 households, and equivalent to an annual reduction of 49 ton $CO_2$. The semi-kaplan turbine showed a 90.2% energy conversion efficiency at the design flow rate of 0.35 $m^3/s$ and net head of 4.7 m, and was adaptable to a wide range of flow fluctuations. Through the MHP operation, approximately 2.1% of total electricity demand of Kiheung Respia sewage treatment plant will be achievable. Based on financial analysis, an exploiting MHP is considered economically acceptable with an internal rate of return of 6.1%, net present value of 15,539,000 Korean Won, benefit-cost ratio of 1.08, and payback year of 15.5, respectively, if initial investment cost is 200,000,000 Korean Won.