• Title/Summary/Keyword: Cost of Production

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Cost-Effectiveness of Converting Fish Waste into Liquid Fertilizer

  • Kim, Joong-Kyun
    • Fisheries and Aquatic Sciences
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    • v.14 no.3
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    • pp.230-233
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    • 2011
  • To determine the cost-effectiveness of converting fish waste into liquid fertilizer, this study analyzed the production of 3 L of liquid fertilizer from the fermentation of fish waste. The total product cost of the fertilizer was calculated to be $165.26 for a one-batch operation. If the seed culture was repeated five times, the total product cost could be reduced to $36.39/L. According to this analysis, the reutilization of fish waste as liquid fertilizer was not particularly economically attractive at present, and plant-scale production would be necessary for commercialization. This is the first cost-effectiveness analysis of the bioconversion of fish waste into liquid fertilizer.

A Optimizing Study on maximizing the earning power of casting industry production through TPI (주물 산업의 수익력 극대화를 위한 생산부문의 TPI 최적화 연구)

  • Kang, Byong-Rho;Lee, Chang-Ho
    • Journal of the Korea Safety Management & Science
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    • v.16 no.2
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    • pp.185-192
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    • 2014
  • The production type of foundry industry is a small quantity batch production methods that require the highly skilled technology in the global competition in the variety of customer needs and directly under the influence of fluctuations characteristic. Therefore suitability for small quantity batch production and flexible production capacity and price competitiveness is needed more than anything. To do this, we need transcription and comprehensive innovation activities to maximize the revenue structure of the organization and field survival foundation should be developed the TPI(Total Profit Innovation) process in all aspects of the organization and all employees are involved in order to create a cost, quality, time, and service part of the overall aim how to achieve those effects within a short period of time. We applied the TPI process for S company in the foundry business innovation and productivity through cost reduction. We will expect the productivity improvement and financial performance improvement and then continually accumulate and review the results.

A Study on the Integrated Estimation of Delivery and Manufacturing Cost for Build-to-Order Manufacturing (주문형 생산에서의 납기 및 원가 예측 연동에 관한 연구)

  • 김인준;강무진
    • Proceedings of the Korean Society of Precision Engineering Conference
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    • 2004.10a
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    • pp.1456-1461
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    • 2004
  • Companies of Build-to-Order(BTO) strive to achieve customer responsiveness and cost efficiency simultaneously. The success of BTO depends upon the high volume production based on product plat form and delayed differentiation principle on the one hand, and upon the rapid estimation of delivery and cost for the customer orders on the other hand. Expeditious processing of a specific order requires the rearrangement of production resources and the schedule, which results in increased cost. This paper describes a cost estimation method using activity-based costing depending on the schedule change caused by urgent customer orders.

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A Study of the Effect of Intangible Asset on Firm Value : Focused on KOSDAQ-Listed Medium-Sized Companies (기업의 무형자산이 기업가치에 미치는 영향에 관한 연구 : 코스닥 상장 중견기업을 중심으로)

  • Yoon, Jeong-Hee;Seo, Inhee;Choi, Jeongil
    • Journal of Information Technology Services
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    • v.15 no.3
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    • pp.1-14
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    • 2016
  • According to the growing importance of science and technology policy, investment in research and development (R&D) has been increased. In this context, a patent as one of outcome of firm's systematic R&D investment is the way to hold a dominant position in companies' technology competitiveness and also to protect technology right. This study attempts to find the effects of input resources and intellectual property production activity on company value. It conducted empirical analysis based on 238 KOSDAQ-listed and medium-sized firms. Using the previous research, this study configurated research variables about activity of patent production, company value, and input of resources. Through these variables, it aims to know the effect of input of resources and activity of patent production on company value. First, the result of regression analysis shows that R&D cost has the positive effect on a patent production and sales promotion cost positively affects on the registration of the trademark. Second, the output of regression analysis indicates that a patent has the positive effect on company value but a trademark has not. With regard to the input of resources, R&D cost has the influence on company value but sales promotion cost has not. This study attempts to find the effectiveness of company's intellectual property registration on its value and suggests a way that the systematic R&D investment contributes the growth of company value.

Characterization of Dietary Energy in Swine Feed and Feed Ingredients: A Review of Recent Research Results

  • Velayudhan, D.E.;Kim, I.H.;Nyachoti, C.M.
    • Asian-Australasian Journal of Animal Sciences
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    • v.28 no.1
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    • pp.1-13
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    • 2015
  • Feed is single most expensive input in commercial pork production representing more than 50% of the total cost of production. The greatest proportion of this cost is associated with the energy component, thus making energy the most important dietary in terms of cost. For efficient pork production, it is imperative that diets are formulated to accurately match dietary energy supply to requirements for maintenance and productive functions. To achieve this goal, it is critical that the energy value of feeds is precisely determined and that the energy system that best meets the energy needs of a pig is used. Therefore, the present review focuses on dietary supply and needs for pigs and the available energy systems for formulating swine diets with particular emphasis on the net energy system. In addition to providing a more accurate estimate of the energy available to the animal in an ingredient and the subsequent diet, diets formulated using the this system are typically lower in crude protein, which leads to additional benefits in terms of reduced nitrogen excretion and consequent environmental pollution. Furthermore, using the net energy system may reduce diet cost as it allows for increased use of feedstuffs containing fibre in place of feedstuffs containing starch. A brief review of the use of distiller dried grains with solubles in swine diets as an energy source is included.

An analysis on Production Characteristics and Management Income of Organic Farming in Hong-Dong Myun, Hong-Seong Region, Chung Nam Province (유기농산물 생산의 특성과 경영소득 분석-충남 홍성군 홍동면 풀무생활협동조합을 중심으로-)

  • Kim, Ho;Cho, Wan-Hyung
    • Korean Journal of Organic Agriculture
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    • v.4 no.1
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    • pp.45-58
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    • 1995
  • This paper studied production characteristics of organic farming products and analyzed management income and production cost of organic farming(rice). In order to analyze these points actually, this study was focused on pruduction activities of a producers' organization, Pulmoo Cooperatives in Hong-Dong Myun, Hong-Seong Region, Chung Nam Province. So the following results were obtained : In 1994, output level and an income rate of rice per unit area(10a) which was produced in organic farming method(O.F.M) was higher than those of general farming method(G.F.M) as about 5%, 7.4%. And management income size of the former was 1.8 times as large as that of the latter. But rice production cost of O.F.M was 1.93 times as much as that of G.F.M, particularily in labor cost and farming equipment cost, light and heat expenses, many other material costs. For the progress of organic farming O.F.M and equipmets should be developed much more, for example, the technics of prevetion against damages by blight and harmful insects and improvement of varieties, natural pesticides, agricultual application of microorganisim, construction of compost heat factory, etc. Since these technics and establishments have taken on the public goods, the development of those should be supported by government.

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In-situ Production Effect Analysis of Precast Concrete Elements (PC 부재의 현장 생산효과 분석)

  • Lee, Dong-Joo;Oh, Jin-Hyuck;Kim, Sun-Kuk
    • Proceedings of the Korean Institute of Building Construction Conference
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    • 2021.11a
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    • pp.52-53
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    • 2021
  • PC (Precast Concrete) method was preferred for reasons such as shortening of construction period, cost reduction, and quality. However, in the case of factory production, precast concrete has a problem in that transportation conditions in the transportation process, damage during transportation, overhead and profit of the factory are required. If work and PC members are produced on site, transportation and installation costs can be reduced. However, research on field production has not been conducted. Therefore, based on the on-site production plan without PC, the cost and quality of factory production and on-site production are compared and analyzed.

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INTEGRATION MODEL OF COST AND SCHEDULE IN STEEL BOX GIRDER BRIDGE PRODUCTION PROCESS

  • Seok Kim;Kyoungmin Kim;Seung-Ho Ha ;Kyong Ju Kim
    • International conference on construction engineering and project management
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    • 2005.10a
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    • pp.1262-1267
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    • 2005
  • It is still difficult to share and utilize the information generated at each phase of a steel box girder production process due to the spatial gap and different level of management information. The physical distance results in the inefficiency of the information transmission, the accidental omission and typos of the relative information, and so on. Various levels of management information make it difficult to embody a new management system. Eventually, these factors incur the loss of cost and schedule and interrupt development of a new management system. This paper analyzes a current process and presents graphical process flow by using IDEF0. Based this analysis, the research for new production process and work breakdown structure (WBS) is conducted. At the end of this paper, the conceptual design of this system is suggested. Through new management system, it is expected that the model proposed in this study will improve the management process in the steel box production, and the improved process will reduce the redundant cost and schedule information, transmission and deposit generated by manual paper.

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Setup Cost Reduction in a Multi-Product Dynamic Lot-Sizing Model (다종제품의 동적 로트크기결정 모형에서의 생산준비비용 절감효과에 관한 연구)

  • Lee, Woon-Seek;Joo, Chul-Min
    • IE interfaces
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    • v.13 no.2
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    • pp.217-224
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    • 2000
  • This paper analyzes the effects of setup cost reduction in a dynamic lot-sizing model for a single-facility multi-product problem. In the model, demands for each product are known, no backlogging is allowed, and a single resource is employed. Also, setup cost is defined as a function of capital expenditure to invest in setup cost reduction. Furthermore, in each production period the facility (or plant) produces many products, each representing a fixed part of the involved production activity (or input resource quantity). In this paper, the structure of the optimal solution is characterized and an efficient algorithm is proposed for simultaneously determining the optimal lot size with reduced setup cost and the optimal investment in setup cost reduction. Also, the proposed algorithm is illustrated by a numerical example with a linear and an exponential setup reduction functions.

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Studies on the Forage Production and Utilization on Paddy Field in Korea (한국에 있어서 답리작을 이용한 양질 조사료 생산기술)

  • Seo, Sung;Yook, W.B.
    • Proceedings of the Korean Society of Grassland Science Conference
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    • 2002.09b
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    • pp.5-56
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    • 2002
  • The problems in the current domestic forage production were evaluated, and the prospective improvement was suggested in this paper. Grassland development in forest, production of high quality forages in upland and paddy land, efficient utilization of rice straw, development of new varieties of forages suitable for our environmental conditions and imported forages were described Among them, preferential production and utilization of forages using paddy field after rice harvest . should be enlarged for domestic supply of forages in Korea. Several studies were carried out to select the promising forage crops and barley cultivars for whole crop silage production, to determine productivity, nutritive value and production cost of forages produced in paddy field, and feeding effect of forages with Hanuwoo and milking cow for whole crop silage with forages produced in paddy field, 1999 to 2001, and also discussed restraint factors and activation plans for enlargement of forage production in paddy land. The promising forage crops in paddy field were rye and barley for Middle region, and rye, barley, early maturing Italian ryegrass and wheat for Southern region. The promising barley cultivars for whole crop silage in paddy field were Albori in Suwon, Keunalbori, Milyang 92, Saessalbori, and Naehanssalbori in Iksan, and Keunalbori, Albori, Naehanssalbori, and Saegangbori in Milyang, respectively. Silage production, quality and animal palatability of silage by trench and round bale were also compared. The production yields of whole crop barley silage(WBS) were 17,135kg as a fresh matter, and 6,011kg as a dry matter per ha, and the quality of WBS was 2∼3 grade, while that of rice straw silage was 4 grade as a farm basis. The production cost of WBS per kg was 83won as a fresh matter, and 238won as a dry matter. Feeding of WBS as forages on Hanwoo was very desirable for the improvement of live-weight gain, beef quality and farm income, particularly in growing stage of Hanwoo. Milk production and income were also increased, and feed cost was decreased by feeding of WBS. The daily voluntary intake of WBS in milking cow was 26.3kg as a fresh matter(DM 7.7kg) per head. Milk production when WBS was fed, was very similar to that of imported hay feeding such as Kentucky bluegrass or domestic corn silage. The issues to be solved in near future f3r stable forage production and supply in paddy land are sustainable livestock-forages policy, development & seed production of new varieties of barley, rye, Italian ryegrass and other promising forages, efficient demand & supply system of forages, solidification for mass production and utilization of forages, efficient application management of animal slurry on paddy field considering environmental agriculture/livestock industry, and break k development of bottleneck technique in production field. Domestic production & supply of high cost agricultural machine (round baler, wrapper, handler and so on), plastic wrapping film, and silage additives are also important.

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