• 지식경영연구
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• 제6권1호
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• pp.19-32
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• 2005

The reliability of technology valuation depends on, among other things, the reliability of the discount rate estimate. The weighted average cost of capital, generally accepted as discount rate, consists of cost of equity and cost of debt. The model used to estimate the cost of equity for publicly traded firms can not be used directly for small-sized venture firms. In addition, the estimation of cost of debt become very difficult, given the limited and volatile price history, because these small-sized venture firms do not have associated credit ratings. Since two kinds of cost of capital for the small-sized venture firms can not be estimated directly from market data, this study suggests statistical frame works for estimating unknown two kinds of cost of capital. The estimates of underlying cost of capital will help determine the size of appropriate discount rate with logical and scientific way when the technology valuation for small-sized venture firms is made. This study also suggests the necessity of the risk premium for the technology competitiveness to improve the estimation of the appropriate discount rate for small-sized venture firms.

• 한국도로학회논문집
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• 제19권5호
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• pp.153-162
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• 2017

PURPOSES : This study was conducted to analyze the effects arising from extending the duration of nighttime road construction on improving road quality and durability. METHODS : Most previous studies estimating the social cost of various construction conditions did not consider road pavement cooling time as a factor in improving road pavement quality. This study investigated the feasibility of achieving higher road quality and durability by extending the duration of nighttime road construction time extension. For this investigation, the effects of such an extension on traffic conditions were analyzed based on micro-simulation studies and scenario-based cost-benefit analyses, using factors including traffic volume, delay, construction cost, and road pavement cooling time. RESULTS : The results of the traffic simulation studies and cost-benefit analyses indicate that the current road construction method that emphasizes completing nighttime road construction by 6 a.m. reduces pavement life while causing relatively little traffic delay. If the night construction time is instead extended to 2 p.m., road pavement lifetime is increased, reducing road re-construction cost. These savings are greater than the cost of congestion arising from extending the duration of nighttime construction. CONCLUSIONS : The current nighttime construction durations need to be extended in order to efficiently manage roads and reduce road management costs.

• 한국조명전기설비학회:학술대회논문집
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• 한국조명전기설비학회 2006년도 춘계학술대회 논문집
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• pp.365-369
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• 2006

It is concentrated on a methodology to establish a scheme of investment on power distribution systems of components. This paper provides a methodology to estimate the scheme as using a customer interruption cost regarding reliability indices in power distribution systems. The proposed method basically uses the failure rate depending on time for explaining the deterioration of a component. Therefore, the theory of the sensitivity is used for deciding the precedence of the investment to consider an effect of each component's failure rate on the system reliability. After Estimating the sensitivity on component investment cost making incremental reliability level is produced by component's investment cost accumulated according to the precedence of the sensitivity. After that, the failure rate corresponding with reliability level on the curve of investment cost is used as producing the curve of customer interruption cost. Two curves have the crossing point that is proposed to acceptable reliability level for customer and utility. In this paper, the acceptable reliability level for customer with the utility is assessed to analyze customer interruption cost and sensitivity of reliability indices. In conclusion the result of investment based on this method is shown to the reliability level with two cost.

• 한국건축시공학회지
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• 제21권2호
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• pp.105-112
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• 2021

국내 해체시장 규모는 꾸준히 증가되고 있는 반면, 해체공사비 예측 연구는 미흡한 실정이다. 이에 본 연구에서는 해체공사비 변동에 영향을 미치는 다양한 속성을 반영한 공사비 예측 모델을 제시하고자 하였다. 이를 위하여 기존 문헌고찰과 전문가 자문을 바탕으로 13개의 영향요인과 실적공사비 데이터를 수집하였으며, 회귀분석을 통해 2개의 예측모델을 구축하고 예측정확도를 평가하였다. 그 결과, 약 6~12%의 평균 오차율을 보였으며, 예측 모델로서의 활용 가능성을 모색할 수 있었다. 본 연구 결과는 향후 국내 해체공사의 적정 공사비산정 및 관련 기준 정비에 기여할 수 있을 것이다.

• 대한건축학회논문집:구조계
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• 제34권2호
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• pp.41-48
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• 2018

Carbonation is one of the major detrimental factors to the reinforced concrete structures owing to penetration of atmospheric CO2 through the micro pores, thereby it reduces the durability of the concrete. The maintenance periods and cost for concrete according to the coefficient variation of different finishing materials is documented in literature. However, it is required to carry out the systematic and well planned studies. Therefore, keeping them in mind, surface repair was carried out to the carbonated concrete and the maintenance cost was calculated to measure the durability life after repair with different variable. The deterministic and probabilistic methods were applied for durability and repair cost of the concrete. In the existing deterministic model, the cost of repair materials increases significantly when the concrete structure reaches its service life. In present study using a stochastic model, the maintenance period and cost was evaluated. According to obtained results, there was no significant difference in the number of maintenance of the coefficient variation. The initial durability has a great influence on the maintenance time and cost of the structure. Unlike the deterministic model, the probabilistic cost estimating model reduces the number of maintenance to the target service life expectancy.

• International Journal of Computer Science & Network Security
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• 제21권4호
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• pp.84-92
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• 2021

Care services are a significant asset in human life. Care in its overall nature focuses on human needs and covers several aspects such as health care, homes, personal care, and education. In fact, care deals with many dimensions: physical, psychological, and social interconnections. Very little information is available on estimating the cost of care services that provided to orphans and abandoned children. Prediction of the cost of the care system delivered by governmental or non-governmental organizations to support orphans and abandoned children is increasingly needed. The purpose of this study is to analyze the care cost for orphanage organizations in Saudi Arabia to forecast the cost as well as explore the most influence factor on the cost. By using business analytic process that applied statistical and machine learning techniques, we proposed a model includes simple linear regression, Naive Bayes classifier, and Random Forest algorithms. The finding of our predictive model shows that Naive Bayes has addressed the highest accuracy equals to 87% in predicting the total care cost. Our model offers predictive approach in the perspective of business analytics.

• 한국BIM학회 논문집
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• 제3권1호
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• pp.11-20
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• 2013

Mix-used development in urban renewal project is done to effectively utilize the limited downtown. Generally unlike a single project, It features placing a large number of different facilities(residential, commercial, business, cultural, etc.) which is each other organically linked. The purpose of this study is to suggest the method of modeling guide for 3D preliminary cost estimation considering visual and intuitive judgement of space in mix-used development Urban Renewal project. In this research, introducing SME(Standard Module and Element) breakdown structure, FID(Finish Identity) for estimating building space unit-based quantity take off was implemented. It could narrow the discrepancy of opinion between the stakeholders with more accurate cost-estimates, comparing to the traditional methods.

• 대한산업공학회지
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• 제35권1호
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• pp.73-86
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• 2009

This paper discusses a method of determining the optimal design of a block. A horizontal layout of blocks is assumed in which transfer points are located at a side of the block. Each block has several transfer points (TPs) each of which is assigned to a group of adjacent bays and located at the center of the assigned group. The goal is to find the optimal size of a block and the optimal number of TPs while minimizing the total cost consisting of the fixed and operational cost of yard cranes (YCs), the operational cost of internal trucks, and the installation cost of TPs. Constraints on the maximum expected system time of trucks are imposed for the optimization. Formulas for estimating handling operation cycle times of a YC are derived analytically. Numerical experiments are conducted to illustrate optimal block designs for a given set of data.

• 한국지역사회생활과학회지
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• 제13권1호
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• pp.25-40
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• 2002

Recently the rural women's role has been changed from assisting men to leading major farm work. However, contribution of women in the rural area has not beers fairly evaluated. Hence, it has been difficult for the rural women to receive the reasonable compensation if they injured, had some disasters or were divorced. Therefore this study tried to suggest economic methods such as market cost approach, opportunity cost method and shadow wage method for evaluating rural women's labor. It might provide some information for helping to establish the status of rural women as a income earner through estimating money value of labor contributed by rural women and furthermore, be useful information to improve the efficiency of farm labor by exploring the relationship between value of labor and actual income. Hence, it might help improve the economic situation and life at home of rural women, solve difficulties in the real life and reduce disparity of economic distribution between urban and rural area.

• 전기학회논문지
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• 제56권5호
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• pp.848-853
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• 2007

This paper presents a methodology of estimating incomplete information in electricity markets for analyzing the gaming behavior of Generating Companies (GENCOs). Each GENCO needs to model its opponents' unknown information of strategic biddings and cost functions. In electricity markets with complete information, each GENCO knows its rivals' payoff functions and tries to maximize its own profit at Nash equilibriurnl Nli) by acknowledging the rivals' cost function. On the other hand, in the incomplete information markets, each GENCO lacks information about its rivals. Load patterns can change continuously due to many factors such as weather, price, contingency, etc. In this paper, we propose the method of the estimation of the opponents' cost function using market price, transaction quantities. and customer load patterns. A numerical example with two GENCOs is illustrated to show the basic idea and effectiveness of the proposed methodology.