• Title/Summary/Keyword: Cost of Production

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A study on the cost state of the stow net Fishery (근해안강망어업경영의 원가실태에 관한 연구)

  • 박정호
    • The Journal of Fisheries Business Administration
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    • v.9 no.2
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    • pp.59-89
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    • 1978
  • The analyzed results of the actual state of stow net fishery based on the cost expended are as follows. According to the calculation of interests, the total cost of this fishery comes to ₩38,010,653 and in this account, the production cost comes to ₩35,477,198(93.3%), the material cost, 14,567,239(38.3%), the labour cost, 12,740,274(33.5%), the expenses, ₩8,169,685(21.5%), the commision and administration expenses, 2,533,455(6.7%). The expenses for this fishery are paid out as production costs, and the expenses for sale and administration expenses are the lowest of them, and the 93% of expenses are paid out as production costs. The ratio of cost element to 100% is as follow. The wages, 28.4%, fuel, 15.2%, repair, 11.6%, deprecation, 9.5%, fishing gear, 8.7%, ice, 6.1%, container(box for fish), 5.2% administration expenses, 5.2%, food, 3.5%, ship grar, 3.2%, public welfare, 1.7%, commision for sale, 1.5%, insurance for crew, 0.2%, taxes, 0.2%. This fishery is managed with the larger fishing boat than it was and so, it demands better crews with higher wages. In the former fishery, the search for fishing ground is very difficult with long navigation and great fuel consumption. when the weak fishing gears are used, the expenses for their repair and for their gears are greatly paid out. The unit costs of catches to each box come to ₩2.807(₩187 each kg). As the ratio of cost of sales comes to 86.7%and the ratio of interests comes to ₩5,850,812(13.3%), and so the net profit comes to 13.3% of total profits. According to above the ratio of cost of sales is shown as a universal validity, Asthe total expenses comes to 86.7% to the money on sales in the break-even point, the break-even point comes to ₩26,209,168 Accordingly for the profit control the account of production should be raised, and by the saving method of expenditure the break-even point should be brought down for the development of total profits.

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A Maintenance Model Applying Loss Function Based on the Cpm+ in the Process Mean Shift Problem in Which the Production Volume Decreases (생산량이 감소하는 공정평균이동 문제에서 Cpm+ 기준의 손실함수를 적용한 보전모형)

  • Lee, Do-Kyung
    • Journal of Korean Society of Industrial and Systems Engineering
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    • v.44 no.1
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    • pp.45-50
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    • 2021
  • Machines and facilities are physically or chemically degenerated by continuous usage. The representative type of the degeneration is the wearing of tools, which results in the process mean shift. According to the increasing wear level, non-conforming products cost and quality loss cost are increasing simultaneously. Therefore, a preventive maintenance is necessary at some point. The problem of determining the maintenance period (or wear limit) which minimizes the total cost is called the 'process mean shift problem'. The total cost includes three items: maintenance cost (or adjustment cost), non-conforming cost due to the non-conforming products, and quality loss cost due to the difference between the process target value and the product characteristic value among the conforming products. In this study, we set the production volume as a decreasing function rather than a constant. Also we treat the process variance as a function to the increasing wear rather than a constant. To the quality loss function, we adopted the Cpm+, which is the left and right asymmetric process capability index based on the process target value. These can more reflect the production site. In this study, we presented a more extensive maintenance model compared to previous studies, by integrating the items mentioned above. The objective equation of this model is the total cost per unit wear. The determining variables are the wear limit and the initial process setting position that minimize the objective equation.

Theoretical Approach for Estimation of Value in Home Production (가정생산의 가치산정을 위한 이론적 접근)

  • 채경희;문숙재
    • Journal of Families and Better Life
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    • v.7 no.1
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    • pp.43-57
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    • 1989
  • In the materialistic societies, individuals get money return according to the importance of their roles. But unlike wage workers who are engaged in market production , housewives engaged in home production do not get that return. It is because the result of home production is not transacted in the market and the price is not given to it, so the value of home production is not estimated. Hence this study trcognizes again the value of home production, suggests the estimation methods of it in input and output based on home production systems and attempts to actualize those methods socially. This home production develops the human attributes of family members to act as a member of a society and potentially contributes to home income and Gross National Products, so it has social and economic value. In spite of that significance, the value of home production is not estimated, so its nor recognized and housewives engaged in home production are not acknowledged their ability. Hence based on home production systems form input to output, this study suggested opportunity cost method and market cost method in input, method by saving money expenditure, hybrid method and method by comparing with market in output.

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Development of a New Numerical Analysis Method for Nodal Probabilistic Production Cost Simulation (각 부하지점별 확률론적 발전비용 산정을 위한 수치해석적 방법의 개발)

  • Kim, Hong-Sik;Mun, Seung-Pil;Choe, Jae-Seok;No, Dae-Seok;Cha, Jun-Min
    • The Transactions of the Korean Institute of Electrical Engineers A
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    • v.50 no.9
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    • pp.431-439
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    • 2001
  • This Paper illustrates a new numerical analysis method using a nodal effective load model for nodal probabilistic production cost simulation of the load point in a composite power system. The new effective load model includes capacities and uncertainties of generators as well as transmission lines. The CMELDC(composite power system effective load duration curve) based on the new effective load model at HLll(Hierarchical Level H) has been developed also. The CMELDC can be obtained from convolution integral processing of the outage capacity probabilistic distribution function of the fictitious generator and the original load duration curve given at the load point. It is expected that the new model for the CMELDC proposed in this study will provide some solutions to many problems based on nodal and decentralized operation and control of an electric power systems under competition environment in future. The CMELDC based on the new model at HLll will extend the application areas of nodal probabilistic production cost simulation, outage cost assessment and reliability evaluation etc. at load points. The characteristics and effectiveness of this new model are illustrated by a case study of MRBTS(Modified Roy Billinton Test System).

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A Two-Product Three-Facility Production Planning Model in a Combined Parallel and Serial System

  • Sung, C.S.;Lee, B.J.;Lee, Y.J.
    • Journal of Korean Institute of Industrial Engineers
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    • v.11 no.2
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    • pp.47-56
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    • 1985
  • This paper considers a two-product three-facility production planning model, where facility 1 produces product 1 to satisfy its own market requirements and supplies input to facility 2, and facility 2 requires another input from facility 3 (outside supplier). The objective is to determine the optimal production amount in each period in order to satisfy the dynamic demands on time, which minimizes the total cost of production and storage. The set-up cost is incurred jointly from the multi-facility operations.

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A Cost Model for an Activity in Ship Production (선박 건조의 생산단위에 대한 Cost Model)

  • Jeong-Je Kim
    • Journal of the Society of Naval Architects of Korea
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    • v.28 no.1
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    • pp.197-205
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    • 1991
  • A methodology of constructions a mathematical cost model for an activity constituting ship hull assembly process is proposed. The relationship between number of workers and processing time required for an activity can be formulated using an work study method, then manhours and shop floor area-hours required are calculated accordingly. The costs for unit manhour and unit shop floor area-hour respectively are calculated by distributing the overall annual cost of the company to the overall production resources consummed during the year. A general procedure of implementing the methodology has been demonstrated through a test on an exampled activity drawn from a real process.

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EFFECTS OF VARYING LEVELS OF DIETARY PROTEIN ON THE PERFORMANCE AND PRODUCTION COST OF WHITE PEKIN DUCKLINGS

  • Roy, D.R.;Ali, M.A.;Chowdhury, S.D.
    • Asian-Australasian Journal of Animal Sciences
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    • v.7 no.2
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    • pp.249-254
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    • 1994
  • An experiment was conducted to investigate the performance and production cost of Pekin ducklings fed varying levels of dietary protein. One hundred and twenty ducklings in four separate groups received either 16, 18, 20 or 22% CP in the starter period (day-old to 3rd week of age). These four groups ate either 12, 14, 16 or 18% CP respectively during the grower-finisher period (4th week to 12th week of age). The results of the study indicated that in a tropical country like Bangladesh, the protein needs of Pekin ducklings should be satisfied depending on the age at which the birds are to be marketed. If the ducklings are to be marketed at 6 weeks, 22/18% CP would be sufficient. When the marketing is aimed at 9 weeks of age, 20/16% would be adequate. For ducklings which are to be marketed at 12 weeks of age, a protein level of 18/14% would be required. All these results should help the producers to keep production cost to a minimum. The exceptional capacity of ducklings for compensatory growth would help keep birds on low protein levels if they are reared upto 9 or 12 weeks before marketing.

Experimental Study of In-situ Production of Precast Concrete Members

  • Lim, Jeeyoung;Son, Seunghyun;Kim, Jeong Tai;Kim, Sunkuk
    • International conference on construction engineering and project management
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    • 2017.10a
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    • pp.263-270
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    • 2017
  • The precast concrete (PC) structure has been preferred for reasons of shortening the construction time and securing the quality and, in particular, it has a cost saving effect in case of long span and heavy loaded structure with high floor height. Most engineers take it for granted to install the plant produced PC members. Researchers in several papers have argued that slander PC members such as columns and girders can be cost-effective if in-situ production is possible, while ensuring quality equal to or better than in-plant production. However, this argument is not officially accepted because objective verification has not been done. Therefore, the purpose of this study is to experimentally conduct in-situ production of PC members to verify the above claim. For this study, a storage building with long span and heavy loaded structure with high floor height was selected as a case study site. For the site, most of the PC members were supplied from the plant, and some of the columns were produced in the site for this study. As a result, it has been confirmed that it has a cost saving effect of 20% while having superior quality to plant-produced PC columns.

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A Study on the Introduction of the Cost Accounting in Agriculture (농산물 비용계산에 있어서 원가회계 도입을 위한 이론적 고찰)

  • Lee, Young-Man
    • Journal of agriculture & life science
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    • v.43 no.4
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    • pp.45-51
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    • 2009
  • Production cost in agricultural accounting has been utilized as an index for determining appropriate prices of agricultural products, establishing agricultural policies and providing extension services for farmers. However, it is necessary for the concept of cost accounting to introduce in establishing farm planning and consulting farmers' management. In this paper, I review problems associated with costing rules which are considered as criterion for accounting cost in agriculture and suggest directions for cost accounting in agricultural management.

Estimation of Water Production Cost from Seawater Reverse Osmosis (SWRO) Plant in Korea (국내 해수담수화 플랜트 생산수 단가 추정)

  • Hwang, Moon-Hyun;Han, Doseon;Kim, In S.
    • Journal of Korean Society of Environmental Engineers
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    • v.39 no.4
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    • pp.169-179
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    • 2017
  • This study was conducted to supply information that can be utilized as data for desalination plant construction in the future by estimating unit cost of water production in the potential site of Incheon, Daesan, Yeosu, Busan, Ulsan and Sokcho in Korea. The production costs in Sokcho and Ulsan were similar to those of Busan and Yeosu. Those four sites showed better economic range due to low construction cost for intake facility compared to Incheon and Daesan. Although the salinity measured in the above 6 sites did not show perceptible effect on the production cost, the difference of seasonal seawater temperature needs to be considered due to the change of flux in reverse osmosis (RO) membrane. It turned out that the most critical parameters are the amortization in a year by the analysis of life cycle and the capacity of plant. Incheon and Daesan showed the difference of production cost up to 29% at the condition of amortization in 25 year, and up to 22% depending on plant capacity. However, the production cost in this study did not take into account of other indirect costs, therefore, this should be considered as the minimum cost.