• Title/Summary/Keyword: Cost model analysis

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A Direct Cost Analysis Model in Manufacturing System (생산 시스템에서 직접 원가 분석 모델)

  • Han, Jooyun;Jeong, Bongju;Yoo, Il-Geon
    • Journal of Korean Institute of Industrial Engineers
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    • v.29 no.4
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    • pp.321-333
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    • 2003
  • Although manufacturing cost is a major part of profit in a company, it is difficult to be calculated by an analytic method. Besides, the manufacturing cost gained by simple financial structure dose not have an important meaning in market place. Therefore, an analytic method of computing the manufacturing cost is very necessary in manufacturing system. In this study, we suggested the direct cost analysis model which are able to measure accurate cost analysis of product in manufacturing system. The direct cost analysis model is made up of directly used expenditure for unit product. Also, system performances are put in the manufacturing cost analysis model so that it could be possible to analyze the change of manufacturing cost as system performances change. At the end of this paper, it verifies its relevancy and practicality of the suggested direct cost analysis model through the case study, using real data for direct labor cost.

A Conceptual Model of Web-based VE Cost Model Analysis System (웹 기반 VE Cost모델 분석 시스템의 개념적 모형)

  • Lee, Chang-Hong;Oh, Chi-Don;Park, Chan-Sik
    • Proceedings of the Korean Institute Of Construction Engineering and Management
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    • 2007.11a
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    • pp.416-419
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    • 2007
  • In the case of domestic, related information of expenses in order to draw up cost model at the early stage haven't been stored systematically; moreover, similar projects which were accomplished in the past time have lacked data about actual results connected itself. Accordingly, a reliable object hasn't been selected because validity of cost comparing a main function is difficult to dearly decide. Consequently, This study Cost model who can procures and shares and utilizes, studies that is achieved past Cost information of similarity project and achieves in phase zero for target choice of VE activity to systematic and efficient analysis wishes to present conceptional pattern of available Web-Based VE 'Cost model analysis system (Cost Model Analysis System: CMAS)'.

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Statistical model for forecasting uranium prices to estimate the nuclear fuel cycle cost

  • Kim, Sungki;Ko, Wonil;Nam, Hyoon;Kim, Chulmin;Chung, Yanghon;Bang, Sungsig
    • Nuclear Engineering and Technology
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    • v.49 no.5
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    • pp.1063-1070
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    • 2017
  • This paper presents a method for forecasting future uranium prices that is used as input data to calculate the uranium cost, which is a rational key cost driver of the nuclear fuel cycle cost. In other words, the statistical autoregressive integrated moving average (ARIMA) model and existing engineering cost estimation method, the so-called escalation rate model, were subjected to a comparative analysis. When the uranium price was forecasted in 2015, the margin of error of the ARIMA model forecasting was calculated and found to be 5.4%, whereas the escalation rate model was found to have a margin of error of 7.32%. Thus, it was verified that the ARIMA model is more suitable than the escalation rate model at decreasing uncertainty in nuclear fuel cycle cost calculation.

A Development of Cost Estimation Model for Data Quality Analysis and Improvement Project (DB 품질개선사업의 대가 산정 모형연구)

  • Seo, Yong Won;Lee, Duck Hee;Jung, Seung Ho;Park, Kun Soo
    • Journal of Information Technology Services
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    • v.14 no.2
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    • pp.51-68
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    • 2015
  • As interests in the quality of data in database systems are growing recently, analysis and improvement of data quality in databases have been an important issue. However, there has yet to be a clear agreement on how to reasonably calculate the total cost of such project. In this paper, based on real project data and budget statistics, we develop a model to estimate the cost for quality analysis and improvement project of a database. We first conduct statistical analysis to build our basic model. Throughout this analysis, we have identified factors that determine the scale of works required to conduct the project and eventually determine the cost. In addition, we have identified factors that determine the complexity of the project. These factors can adjusts the cost determined by the scale of works. Our model is verified and improved by surveys on experts. We apply our model to newly conducted projects and observe that our model estimates the cost of each project reasonably well.

Development of Construction Cost Estimation Model with the Actual Cost Data for Rural Development Project (실적자료에 의한 농어촌정비사업 사업비 결정에 있어서의 단가모델 구축)

  • 배연정;이정재;윤성수
    • Proceedings of the Korean Society of Agricultural Engineers Conference
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    • 1999.10c
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    • pp.359-364
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    • 1999
  • Providing the reasonable construction cost at the initial stage of the rural development project, is a kety factor of the each step of project , such as propriety analysis , cost planning , design, and planning the progress of work. The explainable construction cost can be estimated at the early stage using the actual cost data by statistical analysis. In this study, the influence factors are extracted by factor analysis with the actual cost data of rural development project, object cost model is developed by multiple regression analysis, and verify the developed cost model by Monte-Carlo simulation .

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FACTORS AFFECTING WOMEN'S OUT-OF-POCKET COST : AN APPLICATION OF THE ANDERSEN-NEWMAN MODEL (앤더슨-뉴만 모형을 이용한 여성의 직접구강진료비 지출에 관한 연구)

  • Lee, Heung-Soo;You, Hyung-Keun
    • Journal of Periodontal and Implant Science
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    • v.26 no.3
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    • pp.689-699
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    • 1996
  • The purpose of this research is to determine elements affecting the out-of-pocket cost of woman. The sample consisted of 1907 women living Iksan city. The survey was conducted by means of questionnaires. The model used in the analysis of out-of-pocket cost was the Andersen-Newman model, while the analysis techniques used were stepwise multiple regression and path analysis. The number of independent variables used in the analysis was 28 in total, ie 19 predisposing components, 6 enabling components, and 3 need components. In this study, the amount of variance by the model was 17 percent. Number of restricted activity days caused by oral disease, perceived susceptibility of dental disease, having a regular dental care, dental treatment costs, education level and income were found to have significant major effects on out-of-pocket cost. Number of restricted activity days caused by oral disease was the most important variable affecting out-of-pocket cost of woman. Also out-of-pocket cost shows larger effect due to enabling components than frequency of dental utilization.

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A Study on the Cost Benefit Analysis Model of Vessel Traffic Services(II) (선박교통관리제도의 비용편익분석모델에 관한 연구(II))

  • 정재용;박진수
    • Journal of the Korean Society of Marine Environment & Safety
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    • v.7 no.3
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    • pp.29-40
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    • 2001
  • The introduction of coastal vessel traffic services enables vessels in coastal waters to navigate in safety or to get her position with ease and prevents the vessel from becoming cause of casualties. But it needs relatively huge amount of cost to construct and operate and maintain. Thus we must be checked with economical adequacy of the the proposed coastal vessel traffic services by comparing the cost of the construction, operation and maintenance with the expected benefit made by the expected decrease in marine casualties. In previous paper, a proper cost-benefit analysis model for the Korean practice will be suggested. In this Paper, the proposed the cost-benefit analysis model of coastal vessel traffic services was applied to the Koje coastal waters 20mi1es from the top of Maemul-Do and Yokchi-Do. As the result, we confirmed the propriety of the cost-benefit analysis with the application of the proposed model to Koje waters. Also, it is verified that the introduction of coastal vessel traffic services, as proposed, is adequate and economical. The cost-benefit analysis model proposed in this study could be used to investigate the economic Propriety of new aids to navigation and traffic safety facilities in the future.

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A Study on Association Rule and Cost Efficiency Analysis Model Using Construction Supervision Reports (건축공사감리 문서 기반 연관규칙 및 비용효율성 분석 모델)

  • Song, Tae-Geun;Yoo, Wi Sung
    • Proceedings of the Korean Institute of Building Construction Conference
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    • 2023.05a
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    • pp.389-390
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    • 2023
  • To improve the cost performance of construction sites, various systems and standards are constantly being developed and implemented. Although legal requirements for these system and standard improvements have been increasing, the cost efficiency performance of construction sites remains stagnant. We have digitized documents generated through construction supervision work at 39 building construction sites and proposed a model that can support decision-making in cost efficiency evaluation. This model selects key keywords that are considered to be highly related to cost efficiency by identifying the patterns and relationships of keywords through associated rule analysis and social network analysis using keywords derived from documents. In addition, it is expected to be used as a decision-making aid to determine the cost efficiency of a specific building construction site by establishing a logistic regression model using core keywords. As a systematic database of construction supervision documents and an integrated system of massive data generated by digital technology are established in the future, the accuracy and reliability of the cost efficiency evaluation model are expected to be reinforced.

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A Study on the Analysis and Design of IT Cost Model Using an Ethnographic Research (Ethnographic Research를 이용한 IT Cost 모델 분석 및 설계)

  • Lee Jae-Beom;Jeong Seung-Ryul;Lee Hak-Seon
    • The Journal of Information Systems
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    • v.15 no.3
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    • pp.107-129
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    • 2006
  • The purpose of this study is to provide and validate an IT cost model hi which we link among cost center, cost object and flexible cost driver. in order to accomplish this purpose, this study utilizes ethnographic research methodology. At first we develop the cost model where the flexible cost driver is the distribution basis of overhead cost. For each cost driver, unit cost management model is also proposed. Then we employ the structured design methodology to validate the model. Based on the IT Cost requirements of a case company, the IT cost system was designed and developed for its test. The result shows the model we developed in this study is appropriate for managing IT resources and further, can be used as a reference model for calculating chargeback rates of other departments and IT budget of IT department.

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A study on a schedule-cost analysis model for defense R&D project planning (국방 R&D프로젝트의 일정-비용분석모델의 연구)

  • 황홍석;류정철;정덕길
    • Proceedings of the Korean Operations and Management Science Society Conference
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    • 1996.04a
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    • pp.213-216
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    • 1996
  • R'||'&'||'D project management is a process of decisions concerned with the achievement of goals of objectives. Especially, defense R'||'&'||'D project planning is the key in the successfull management of defense development. The defense project managers are constantly having to perform "what if\ulcorner" exercise, such as what if the project is extended out for an additional cost\ulcorner In this reserch, we developed a schedule-cost analysis model based upon Critical Path Method(CPM) and Venture Evaluation and Review Technique(VERT) for schedule-cost trade off analysis defense R'||'&'||'D projects. In the first step, a deterministic model is developed as a heuristic which deterministic model is developed as a heuristic which determines the schedule extension and reduction cost as a function desired schedule. In the second step, a stochastic network simulation model is developed to analyse the project risk (sucess and failure). The expected time and cost can be determined for desired schedule under the assumptions of stochastic arc data (time and cost) with a various precedence relationships. This model provides the defense R'||'&'||'D managers with an estimated and expected cost for curtailing or extending a project a given amount of time. The effectiveness and efficiency of the proposed methods, a heuristic and stochastic networks simulations, have been demonstrated through examples.

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