• Title/Summary/Keyword: Cost model

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Offline Trust, Online Trust, and Perceived Cost: Their Relations and Impacts on the Intention to Use Online Banking

  • Kim, Tae-Woo;Kim, Jae-Young;Lee, Jae-Nam
    • 한국경영정보학회:학술대회논문집
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    • 2007.11a
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    • pp.533-538
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    • 2007
  • Since the Internet has been widespread all over the world, it has been getting more popular. Almost every bank that runs offline business has its own Web site to provide online banking service. In this study, we developed a research model based on the Technology Acceptance Model (TAM). We added the concepts of trust and cost to evaluate our model because trust is a major concept in adopting online service, and cost is one of the main strategies to attract customers to use online banking service. To see the validation of the model, we used partial least squares (PLS). A survey was done to gather data. The result was drawn from the model test, and we discuss it and conclude the study.

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Definition of Medical Drug Administration Cost and Development of Its Costing Model under the Korean Medical Insurance Fee-for-Service System (의료보험 의약품 관리원가의 정의 및 산정모형 개발)

  • 황인경
    • Health Policy and Management
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    • v.9 no.1
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    • pp.1-29
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    • 1999
  • The Government has recently planned to improve the medical insurance drug price systems by removing the drug margin occurring from the difference between the official and purchasing prices, and instead by setting prices through adding drug administration casts calculated to the purchasing costs. In the circumstances, the major policy and implementing issues are how to define the drug administrance cost and how to calculate them. This study attempts to provide for the conceptional and operational definitions and thereby develop a costing model for the cost. The relationship between the current systems of medical services costs and prices were reviewed to define the concept of the costs. The study defined the costs from the narrow and wide prospective of meaning, and three operational definitions were provided. The costing model was developed applying the departmental costing principles. Finally, several prerequisites that have to be considered for the implementation of the definition and the model from the practical viewpoint.

Object oriented generic cost modeling for integrated CAD system

  • Lee, Chang-Ho
    • Proceedings of the Korean Operations and Management Science Society Conference
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    • 1994.04a
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    • pp.715-725
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    • 1994
  • The objective of this research is to develop a cost model for integrated CAD system. A computerized system realizing this model then is used to aid designers. The first area is to propose a conceptual framework of a multilevel cost model. The methodology of constructing the model is discussed. Then suggestion of an object oriented programming technique for implementing the model is presented. Complicate estimation procedure can be systematically handled by this technique. Interval analysis to deal with the uncertainty of information and decision during design process is used. An experimentation algorithm for calculating the cost distribution is proposed to overcome the shortcoming of interval analysis. Major focus of this research is on net shape manufacturing processes including die casting, injection molding, and metal forming.

Decision Support Tool for Excavation Operation using Genetic Algorithms

  • Lee, Ung-Kyun;Kang, Kyung-In;Cho, Hun-Hee
    • Architectural research
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    • v.8 no.2
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    • pp.43-48
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    • 2006
  • The appropriate fleet estimation of the excavation equipment is a major factor in the determination of the cost and time requirements of a project. But the decision of what kind of equipment selected is often based on heuristic methods or trial and error in Korea. Thus, this study proposes a prototype model that uses genetic algorithms to select fleet estimation of loaders (backhoe) and trucks used in excavation work. To verify the applicability of this model, the case study was performed. And the result of the genetic model was compared with that of the trial & error method. The use of the genetic model suggested this study required 44days, 2 units of backhoes, 7 units of trucks, and a total cost of 171,839,756 won. With the estimated fleet number of equipment, the minimum cost of excavation work can be calculated, taking account of the time-cost trade-off. By utilizing this prototype model, the efficiency of excavation work can be improved.

Development on Reconstruction Cost Model for Decision Making of Bridge Maintenance (교량 유지관리 의사결정 지원을 위한 개축비용 산정모델 개발)

  • Sun, Jong-Wan;Lee, Dong-Yeol;Lee, Min-Jae;Park, Kyung-Hoon
    • Journal of the Korea Academia-Industrial cooperation Society
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    • v.17 no.9
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    • pp.533-542
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    • 2016
  • The periodic maintenance of bridges is necessary once they have been constructed and its cost depends on various factors, such as their condition, environmental conditions and so on. To make a decision support system, it is essential to establish a basic reconstruction cost model. In this study, a regression model is suggested for calculating the reconstruction cost for typical cases and influential factors, depending on the type of bridge and its components, by analyzing the basic bridge specifications based on the data of the Bridge Management System (BMS). The details for each case were estimated in consideration of the cost calculation variables. The details for each case were estimated in consideration of the cost calculation variables. The cost model for the new construction of the superstructure, substructure and foundation and the temporary bridge construction and demolition costs were drawn from the regression analysis of the estimation results of typical cases according to the cost calculation variables. The reconstruction costs for different types of bridge were obtained using the cost model and compared with those in the literature. The cost model developed herein is expected to be utilized effectively in maintenance decision making.

Cost Estimation for ISO 9000 Certification in Japanese Companies

  • Yamada, Shu
    • International Journal of Quality Innovation
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    • v.2 no.1
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    • pp.117-128
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    • 2001
  • It is widely recognized that ISO 9000 certification bring some profits, such as enhancement of quality system and some concerns. Since one of the major concerns is cost for certification, this paper considers the cost for ISO 9000 certification in Japanese companies through review some winning reports and case studies. Specifically, a model that describes the certification activities and their cost is derived through reviewing some winning reports in order to give a framework of cost estimation. Based on the model, we estimate the certification cost in an electric division of a company through an interview survey. Furthermore, we focused on the cost for promotion and administration as a cost for the sake only certification, because these activities will not be needed if a company does not implement ISO certification. It is concluded that this cost may vary approximately 300,000-700,000 (US$) per certification by the interview and telephone surveys to Japanese steel companies.

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A Study on cost expenditure characteristics and importance level of each maintenance item of public office buildings by conducting cost surveys (공공업무시설의 수선비 조사를 통한 연차별 비용변화 패턴 및 수선비 항목별 발생빈도와 평균비용 분석)

  • Choi, Seok Kyoo;Kim, Gap Youl
    • KIEAE Journal
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    • v.8 no.1
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    • pp.111-118
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    • 2008
  • To maintain the public office buildings, the related government employee uses cost under the limited budget. it is difficult to execute the budget as is assigned to maintenance items with contemplating the characteristics such as frequency, cost/item, weighting factor, and etc. As a precedent study about this cost-efficiency model, this study is intended to show the expenditure trends, frequencies, and cost distributions of maintenance items for the development of cost-efficiency model by analyzing time series data from the surveys on maintenance costs of the selected public office buildings.

Cost Effectiveness of Bse-Isolation for Bridges in Low and Moderate Seismic Region (중저진 지역에서의 지진격리교량의 경제적 효율성에 관한 연구)

  • 고현무
    • Proceedings of the Earthquake Engineering Society of Korea Conference
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    • 1999.04a
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    • pp.178-185
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    • 1999
  • Minimum life-cycle cost helps to evaluate cost effectiveness of base-isolated bridges under specific condition. Life-cycle cost mainly consists of the initial construction cost and the expected damage cost. Damage cost estimation needs proper model of input ground motion failure probability evaluation method and limit states definition. We model the input ground motion as spectral density function compatible with the response spectra defined at each seismicity and site condition. Spectrum analysis and crossing theory is suitable for reseating calculation of failure probabilities in the process of cost minimization. Limit states of base-isolated bridges re defined for superstructure isolator and pier respectively The method is applied to both base-isolated bridges and conventional bridges under the same conditions to investigate cost effectiveness of base isolation in low and moderate seismic region. the results show that base-isolation of bridges are more effective in low and moderate seismic region and that the site effects on the economical efficiency may not be negligible in such a region.

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Tunnel Cost Estimating Model Based on Standard Section and Cost Variance Index (I) - Analysis Of Critical Cost Factors - (표준단면을 이용한 터널 공사비 예측모델 개발 (I) - 공사비 영향요인 분석 -)

  • Cho, Jeongyeon;Kim, Kyong Ju;Kim, Kyoungmin;Kim, Sang Kwi
    • KSCE Journal of Civil and Environmental Engineering Research
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    • v.28 no.5D
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    • pp.665-675
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    • 2008
  • The objective of this paper is to provide an approximate cost estimating model for tunnel that can be utilized both in quick construction cost estimating for design alternatives, and in evaluating efficiently the cost effects according to the environmental changes during design and construction stage. To meet this requirement, this study analyzes critical cost factors influencing tunnel construction costs. The cost factors include 7 elements such as rock drilling method, advancing method, type of detonator, loader capacity, unit weight and soil volume change factor, length of tunnel. This paper investigates the cost variance according to the change of the cost factors. The result is expected to be used in formulating approximate tunnel cost estimating model.

A Study on the Estimating Visitor's Economic Value of the Mt. Kumjung by Using Individual Travel Cost Model (개인여행비용법(Individual Travel Cost Model)에 의한 금정산 방문객의 경제적 가치추정)

  • Joo, Soo-Hyun;Lee, Dong-Cheol;Hur, Yoon-Jung
    • Management & Information Systems Review
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    • v.33 no.2
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    • pp.301-315
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    • 2014
  • The purpose of this study is to estimate the economic value of the Kumjung Mountain, using a Individual Travel Cost Model(ITCM). This paper compares Poisson and negative binomial count data models to measure the tourism demands. Interviewers were instructed to interview only individuals. So the sample was taken in 700. A dependent variable that is defined on the non-negative integers and subject to sampling truncation is the result of a truncated count data process. The results suggest that the truncated negative binomial model is improved overdispersion problem and more preferred than the other models in the study. This study emphasizes in particular 'travel cost' that is not only monetary cost but also including opportunity cost of 'travel time'. According to the truncated negative binomial model, estimates the Consumer Surplus(CS) values per trip of about 60,669 Korean won and the total economic value was estimated to be 252,383 Korean won.

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