• Proceedings of the KSR Conference
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• 2005.05a
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• pp.1115-1124
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• 2005

The usual distinction made in the literature is between decision facilitating and decision influencing. Because time only runs one way, both uses of cost information are problematic. In the first instance, a cost description (measurement or estimate) is provided to decision makers before a decision is made. Unfortunately, costs can only be measured after the fact. This means that cost analysts must estimate the costs of the alternatives under consideration. In some cases, measured cost is a reliable predictor of future costs; in other cases it is not. Regardless of its reliability, however, it is all we have or can have. Consequently, managers must be informed as to how their performance will be measured and how measured performance will affect outcomes they care about -- promotion, pay, esteem, etc. I will outline the basic approaches to cost measurement and then show how cost measures can be used to facilitate and to influence decisions of the railway industry.

• Proceedings of the KSR Conference
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• 2007.11a
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• pp.777-783
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• 2007

Life cycle costing is one of the most effective cost approaches when we choose a solution from series of alternative so the least long-term cost ownership is achieved. Life cycle costing in railway industry has been focused on the prediction of investment for railway vehicles. But in today, the life cycle cost, LCC, prediction on the aspect of operation and maintenance cost through whole life cycle is highly necessary. In this paper, we present a strategy for the development of life cycle cost estimation software on the aspect of maintenance strategies of railway vehicle. For this purpose, we suggested a structure of LCC software based on the UNIFE LCC model. And we developed a pilot version of software to evaluate the LCC model that we suggested for railway vehicle. We performed LCC analysis on the brake module of metro vehicle in case study and concluded that the software and model developed in this research could enough to support engineers in choosing better cost effective solutions from many alternatives.

• Proceedings of the Korean Institute of Building Construction Conference
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• 2017.05a
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• pp.101-102
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• 2017

This study was carried out as basic study to apply to construction site the HPC method which is being developed. The construction cost of HPC method was analyzed in comparison with conventional method (half slab method). With regard to research method, it was decided that data on construction work carried out by half slab method was analyzed. According to the results of study, in case of being applied to the construction work using a divided column, the number of columns was decreased. So, it was shown that member production cost, and transport and assemblage cost reduced. In case of being applied to construction work using an undivided column, the analysis showed that there was little difference in construction cost. Therefore, the analysis showed that, if HPC construction method was applied to large structure using a large column, the construction cost was reduced to some extent in comparison with conventional half slab method.

• Korea Journal of Hospital Management
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• v.12 no.3
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• pp.20-46
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• 2007

Given the pressures to promote the efficient utilization of medical resources, hospitals have developed cost accounting systems in several countries. This study discusses the recent development and problems of hospital cost accounting practices in three countries: UK, US, and Japan. first, we discuss a cost accounting structure and detailed pictures of costing practices. Second, problems of current systems arc reviewed and then possible remedies are discussed. Third, we provide implications for implementing the systems(especially ABC). finally, we assert that infrastructure(hospital information systems, database, etc.) must be established and the target level of costing has to be considered before organization-wide application.

• Proceedings of the Korean Institute of Building Construction Conference
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• 2009.11a
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• pp.253-256
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• 2009

To the success of the megaproject including various and complex facilities, it is needed to establish a database system. Developments in data collection, storage and extracting technology have enabled iPMIS to manage various and complex information about cost and time. Especially, when we consider that both the go and no go decision in feasibility, Cost is an important and clear criteria in megaproject. Thus, Cost data modeling is the basis of the system and is necessary process. This research is focus on the structure and definition about CBS data which is collected from sites. We used four tools which are Function Analysis in VE, Casual loop Diagram in System Dynamics, Decision Tree in Data-mining, and Normalization in SQL to identify its cause and effect relationship on CBS data. Cost data modeling provide iPMIS with helpful guideline.

• Journal of the Korean Society of Safety
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• v.26 no.4
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• pp.96-101
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• 2011

In previous studies, a system was developed for classifying items of uninsured cost and for generating factors and formulas by item for calculating accident loss costs. However, the loss cost of stopped production was not considered when the system was being developed. In addition, the system which was developed in previous studies had problems such as input error and data collection, owing to numerous input items. Therefore, this study developed a Revised system which considers the loss cost of stopped production, and a Simple system for improving the problems in input errors and data collection. In this study, unquantifiable factors were not considered. Further study that takes these factors into consideration is necessary.

• The Transactions of the Korean Institute of Electrical Engineers A
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• v.52 no.7
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• pp.381-386
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• 2003

To provide a specified power quality under electric market system is becoming an important issue for customers and utility company. However, there is no realistic infra-structure to design a power system for the specified power quality. Present electric market is operating under the economic point of view. The low power price could be attractive, but the effect of low price could result the lower power quality for the long time and threat power system security. This paper presents a model which conceptualize the dynamic power quality control mechanism to minimize total cost of a society which is affected electric power quality. This model aims to produce a basic infra-structure to balance cost and quality under the electric market system.

• THE INTERNATIONAL COMMERCE & LAW REVIEW
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• v.41
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• pp.169-183
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• 2009

This study has been conducted under the background of the high rocketed international oil price in the mid of the 2008 year. Korean logistics industry then suffered from a harsh labor strike which paralyzed temporarily Korean exports and imports activities mainly due to the rising motor fuel prices. The theme of this study started from the highly practical question: what would be the impact of the soaring crude oil price on the cost structure of the Korean logistics industry? For this practical question this study conducted an input-output analysis utilizing the 2003 year benchmark input-output table, published by the Bank of Korea in 2007.

• Proceedings of the Korean Institute of Building Construction Conference
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• 2016.05a
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• pp.58-59
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• 2016

Along with the logistics development, heavy-loaded warehouses and sales facilities tend to be bigger and designed as a PC structures. PC erection work of heavy-loaded structures is influenced by various factors, including the required construction duration, site and surrounding situations, safety, PC member procurement, equipment rental cost, which ultimately impact the construction cost. It requires creative efforts and a lot of time when preparing an erection plan in consideration of these factors, and the plan prepared has a great influence on safety as well as the construction duration and cost. However, many engineers do not have enough experiences on PC erection work of heavy-loaded, long span structures, making it difficult for them to set erection plans and establish simulations. The study's results will provide a knowledge to obtain a solution for engineers to establish PC erection plans of heavy-loaded, long span structures.

• Journal of Korean Society of Industrial and Systems Engineering
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• v.32 no.2
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• pp.158-170
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• 2009

This paper considers how the optimal export level is influenced by export risk, the degree of risk-averseness for exporting firms, and those firms' cost structure. In addition, export insurance is incorporated into some simple theoretical model to analyze the optimal export level. This paper applies genetic algorithm simulation to show that the exporting firms'risk-averseness do not affect the optimal export decision while export risk and cost function characteristic have relatively more significant effects on the optimal export level. Finally, our findings suggest that the most influential factor for the optimal export levels seems to be the monopoly power of exporting firms.