• Title/Summary/Keyword: Cost Engineering

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단일 공급자 다수 구매자 공급체인에서 공급자주기 (The Cycle Time of the Vendor in a Single-Vendor Multi-Buyers Supply Chain)

  • 장석화
    • 산업경영시스템학회지
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    • 제37권3호
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    • pp.129-138
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    • 2014
  • This paper is to analyze the cycle time of the vendor in a single-vendor multi-buyers supply chain. The vendor is the manufacturer and the buyers are the retailers. The cycle time of the vendor is the elapse time from the beginning time of the production to the beginning time of the next production. The cycle time of the vendor that minimizes the total cost in a supply chain is analyzed. The cost factors are the production setup cost and the inventory holding cost of the vendor, the ordering cost and the inventory holding cost of the retailers. The cycle times of the vendor obtained with the costs of the vendor is compared with those obtained with the costs of the vendor and the retailers. Various numerical examples are tested if the cycle times of the vendor for both methods are the same.

Comparison of Cost Effective Measures among Fault-tolerant Multistage Interconnection Networks

  • 최영우;김현종;김세헌
    • 한국경영과학회:학술대회논문집
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    • 한국경영과학회 2004년도 추계학술대회 및 정기총회
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    • pp.640-643
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    • 2004
  • As the size of a network increases, the network complexity and maintenance cost is high. In literatures, many cost factors of multistage interconnection networks were intensively investigated. However, in some parts, these types of cost definition are not satisfactory enough since they don't relate the cost measure to technology closely and also fail to incorporate exact tradeoffs in designing the network. In this paper, we propose some cost effective measures which combine the cost factors with performance-related reliability measures, and compare several networks for a guidance to select a certain case depending on the principal concerns for use.

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적외선 검출기 개발가능성 및 대안분석 연구 (A Study on Feasibility Analysis and Alternatives for Infrared Detector Development)

  • 민성기;김철환;김경수
    • 시스템엔지니어링학술지
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    • 제1권1호
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    • pp.1-13
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    • 2005
  • The purpose of this paper analyze development feasibility and alternatives for infrared detector development in both technology and cost. Infrared Detector is core component of Thermal Imaging System and developed by ADD from 2006 10 2008 year. We got raw input data from development and technical expert, and then analyze cost and technology for development feasibility, and alternatives study. Technology level is analyzed by TRL(Technology Readiness Level) and AOA(Analysis of Alternatives) is done by development cost estimate. Estimating the development cost, we use SEER-H that is parametric cost estimating tool based on Knowledge Base. This study can help those who are related to the cost and development feasibility analysis of other weapon systems.

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Warranty Cost Models for a Second-Hand Products

  • Kim, Che-Soong
    • 산업경영시스템학회지
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    • 제22권53호
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    • pp.1-12
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    • 1999
  • A warranty cost analysis for new products have received a lot of attention. In contrast, there is hardly any literature on similar analysis for second-hand products. The market of second-hand products has been increasing and along with that the importance of warranties for second-hand products has also been increasing. However, warranty policies similar to new products are not economically acceptable to dealers. One needs to formulate new warranty policies and models to estimate expected warranty costs for second-hand products. This paper proposes one-dimensional cost sharing warranty policies and develops models at system level to analysis warranty cost for second-hand products sold with these policies.

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A Study on Effective Enhancement of Load Power Factor Using the Load Power Factor Sensitivity of Generation Cost

  • Lee Byung Ha;Kim Jung-Hoon
    • KIEE International Transactions on Power Engineering
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    • 제5A권3호
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    • pp.252-259
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    • 2005
  • Various problems such as increase of power loss and voltage instability may often occur in the case of low load power factor. The demand of reactive power increases continuously with the growth of active power and restructuring of electric power companies makes the comprehensive management of reactive power a troublesome problem, so that the systematic control of load power factor is required. In this paper, the load power factor sensitivity of generation cost is derived and it is used for effectively determining the locations of reactive power compensation devices and for enhancing the load power factor appropriately. In addition, voltage variation penalty cost is introduced and integrated costs including voltage variation penalty cost are used for determining the value of load power factor from the point of view of economic investment and voltage regulation. It is shown through application to a large-scale power system that the load power factor can be enhanced effectively using the load power factor sensitivity and the integrated cost.

공공건물 건축설비 갱신 계획시 비용-효율분석 평가기준에 관한 연구 (Evaluation Standard of Cost-Effectiveness Analysis for Renew of Architectural Equipment in Public Building)

  • 정순성
    • 동력기계공학회지
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    • 제17권4호
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    • pp.131-138
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    • 2013
  • The purpose of this study is to suggest the evaluation standard of cost-effectiveness analysis for renew of architectural equipment in public building. Evaluation items of cost-effectiveness analysis for renew of architectural equipment in public building were used life cycle cost, energy consumption(ton of oil equivalent), green house gas emissions(ton of carbon dioxide) and maximum power demand. Life cycle cost is the process of making an economic assessment of an item, area, system, or facility by considering all significant costs of ownership over an economic life, expressed in terms of equivalent costs. The essence of life cycle costing is the analysis of equivalent costs of various alternative proposals. The social concern with green house gas and maximum power demand of architectural equipment field has been growing for the last several years.

Forecasting Project Cost and Time using Fuzzy Set Theory and Contractors' Judgment

  • Alshibani, Adel
    • 국제학술발표논문집
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    • The 6th International Conference on Construction Engineering and Project Management
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    • pp.174-178
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    • 2015
  • This paper presents a new method for forecasting construction project cost and time at completion or at any intermediate time horizon of the project duration. The method is designed to overcome identified limitations of current applications of earned value method in forecasting project cost and time. The proposed method usesfuzzy set theory to model uncertainties associated with project performance and it integrates the earned value technique and the contractors' judgement. The fuzzy set theory is applied as an alternative approach to deterministic and probabilistic methods. Using fuzzy set theory allows contractors to: (1) perform risk analysis for different scenarios of project performance indices, and (2) perform different scenarios expressing vagueness and imprecision of forecasted project cost and time using a set of measures and indices. Unlike the current applications of Earned Value Method(EVM), The proposed method has a numberof interesting features: (1) integrating contractors' judgement in forecasting project performance; (2) enabling contractors to evaluate the risk associated with cost overrun in much simpler method comparing with that of simulation, and (3) accounting for uncertainties involved in the forecasting project cost.

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해저케이블 비용 모델을 이용한 HVAC 해상변전소 적정 위치 선정에 관한 연구 (A Study on Siting of HVAC Offshore Substation for Wind Power Plant using Submarine Cable Cost Model)

  • 원종남;문원식;허재선;김재철
    • 전기학회논문지
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    • 제62권4호
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    • pp.451-456
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    • 2013
  • Development of the technologies for offshore wind power is proceeding actively and the installation capacity is continuously increasing because of its many advantages in comparison with the land wind power. Accordingly, project for Southwestern 2.5GW offshore wind power plant is in progress in Korea. Design of electric power systems for offshore wind power plant is very important due to its high investment and operational costs. Hence, it needs to be designed in order to minimize costs. This way can be employed in determining the installation location of offshore substation for HVAC wind power plant. According to the offshore substation site, MV inter-array cable and HV export cable lengths vary and they change a total cost regarding submarine cable. This paper represents cost models with variables which are MV inter-array cable and HV export cable lengths to locate the offshore substation for HVAC wind power plant. It is classified into submarine cable installation cost, reactive power compensator installation cost, ohmic losses, and unsupplied energy cost. By minimizing a total cost, an appropriate installation site of the offshore substation is determined.

Prediction Model of Final Project Cost using Multivariate Probabilistic Analysis (MPA) and Bayes' Theorem

  • Yoo, Wi Sung;Hadipriono, FAbian C.
    • 한국건설관리학회논문집
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    • 제8권5호
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    • pp.191-200
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    • 2007
  • This paper introduces a tool for predicting potential cost overrun during project execution and for quantifying the uncertainty on the expected project cost, which is occasionally changed by the unknown effects resulted from project's complications and unforeseen environments. The model proposed in this stuff is useful in diagnosing cost performance as a project progresses and in monitoring the changes of the uncertainty as indicators for a warning signal. This model is intended for the use by project managers who forecast the change of the uncertainty and its magnitude. The paper presents a mathematical approach for modifying the costs of incomplete work packages and project cost, and quantifying reduced uncertainties at a consistent confidence level as actual cost information of an ongoing project is obtained. Furthermore, this approach addresses the effects of actual informed data of completed work packages on the re-estimates of incomplete work packages and describes the impacts on the variation of the uncertainty for the expected project cost incorporating Multivariate Probabilistic Analysis (MPA) and Bayes' Theorem. For the illustration purpose, the Introduced model has employed an example construction project. The results are analyzed to demonstrate the use of the model and illustrate its capabilities.

DEVELOPMENT OF LIFE CYCLE COST ANALYSIS SYSTEM FOR THE BUILD-TRANSFER-LEASE PROJECTS

  • Chun-kyong Lee;Bong-ho Cho;Tae-keun Park
    • 국제학술발표논문집
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    • The 2th International Conference on Construction Engineering and Project Management
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    • pp.119-129
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    • 2007
  • In January 2005, the BTL private investment project was introduced in the Korean construction market as part of the plan to provide high-quality public service and expand the required facilities in a timely manner. Nonetheless, problems such as the low earning rate at the beginning of the business, burden of service compared to the cost of the proposed business, and limitations of the local small and medium-sized companies in relation to their participation in the project arose. The LCC analysis system for the BTL projects was developed as part of efforts toward efficiently investigating the investment eligibility. Specifically, methods for LCC analysis were selected for each stage of the BTL project in relation to the requests of experts for military residential facilities and public educational facilities. Variables were then extracted to derive an accurate analysis value, LCC for the 5 cost items (initial investment cost, operating expenses, maintenance expenses, energy cost, and disposal cost), analyzed, and system enabling comparative analysis for single and multiple initiatives by year and item, developed. Thus, we have to clearly require the accumulation of data to examine the appropriateness of the results of LCC analysis based on data and results.

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