• Journal of Korean Society of Industrial and Systems Engineering
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• v.23 no.55
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• pp.51-71
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• 2000

A case of company manufacturing industrial valves is studied. To survive the fierce competition in the low-volume, high-complexity production environment, the company needs accurate information on the cost of its products. Current cost accounting system which allocates production costs based on the weights of intermediates and final products cannot provide accurate cost information that managers really need. Data on the company's cost structure and production processes were reviewed and managers were interviewed before problems with the current costing system were identified. Activity-based costing (ABC) system as well as an improved traditional costing system is considered to replace the current system. A prototype of ABC system is developed to better represent the relationships among the cost drivers, activities, and products.

• 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.

• Proceedings of the Korean Institute of Building Construction Conference
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• 2023.05a
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• pp.339-340
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• 2023

Steel construction is one of the commonly used methods in building construction due to its efficiency in terms of time and cost. In particular, the top-down method using steel frames is widely used in the construction of underground structures in urban areas to shorten the construction period. However, there is currently no standardized cost estimation for subway steel frame construction in Korea, causing difficulties in determining the expected cost. In this study, we aim to provide basic data for establishing a cost estimation standard for subway steel frame construction through on-site surveys of subway steel frame construction commonly used in urban areas.

• Corrosion Science and Technology
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• v.3 no.2
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• pp.72-80
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• 2004

Recently, the demand on the practical application of life-cycle cost effective design and rehabilitation of bridges is rapidly growing in civil engineering practice. However, in spite of impressive progress in the researches on the Life-Cycle Cost (LCC), the most researches have only focused on the theoretical point but did not fully incorporate the critical issues for the practical implementation. Thus, this paper is intended to suggest a systemic integrated approach to the practical application of various LCC methodologies for the design and rehabilitation of bridges, For that purpose, hierarchical definitions of LCC models are presented to categorize the approach of LCC assessment applicable for the practical implementation. And then, an integrated LCC system model is introduced with an emphasis on data uncertainty assessment and user-friendly knowledge-based database for its successful implementation. Finally, in order to demonstrate the LCC effectiveness for design and rehabilitation of real bridge structures, illustrative examples are discussed.

• Korea Journal of Hospital Management
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• v.5 no.1
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• pp.200-231
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• 2000

The price systems of the hospital drug services play key roles in the provision of quality services and the development of pharmacy service technologies. Under the premises, this study attempted to determine the costs of hospital drug service, to compare the costs calculated with the fees publicly fixed by the Government, and based on the results of the analysis, to propose directions for the improvement of the price systems. A Costing model for the study was developed based on the cost-fee relationship analysed of the Korean fee-for-service systems. Data on costs and workloads of the 25 hospitals were collected through survey forms designed for the costing' and analysis for the duration of 12 months of 1998. The results of the analysis show that a tremendous unbalance between cost and price levels of the drug services, and that overally the price level of the services is extremely low when compared to the costs of services. Based on these findings, this study suggests that unfairly high or low price level be corrected, and that service items newly developed and being practiced at tertiary hospitals, such as TDM and TPN consultation services, be compensated by fixing a proper level of price.

• Transactions of the Korean Society of Automotive Engineers
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• v.13 no.2
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• pp.108-113
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• 2005

The damageability and repairability of similar platform type vehicles could be very concerned with design optimization. In all the vehicles crash tested, small size passenger vehicles were weakness in aspect of damageability and repairability. The most critical area appears to be repair cost considering that parts cost is the largest portion of total repair cost segments. Besides repair cost, attaching method of front sidemember and subframe are placed special importance for impact energy absorption and damageability and repairability. So in order to improve damageability and repairability of vehicle structure and body component of the monocoque type passenger vehicles, the end of front side member and front back beam should be designed with optimum level and to supply the end of front side member as a partial condition approx 300mm. The effectiveness of design concept on the 40% offset frontal impact characteristics of the passenger vehicle structure is investigated and summarized.

• Journal of the Korea Society of Computer and Information
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• v.18 no.6
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• pp.1-8
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• 2013

In this paper, we design and implement a firmware for low-cost small PCR devices. To minimize machine code size, the proposed firmware controls real-time tasks simultaneously only with support of the hardware interrupt, but without support of the operating system program. The proposed firmware has the host-local structure in which the firmware receives operation commands from PC and sends operation results to PC through usb communication. We implement a low-cost small PCR device with the proposed firmware loaded on microchip PIC18F4550 chip, and verify that the implemented PCR device significantly reduces cost and volume size of existing commercial PCR devices with a similar performance.

• New & Renewable Energy
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• v.8 no.3
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• pp.38-46
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• 2012

Enhanced Geothermal System (EGS) among geothermal system types enables to produce sustainable energy even in non-volcanic region while conventional geothermal energy has been restricted to obtain only from hot and permeable formation such as in volcanic regions. Successful EGS project in terms of economy, however, can be expected only when the project is managed effectively considering most of influencing factors (e.g., tangible and intangible resources, cost, time, risks, etc.). In particular, well construction is of the utmost importance in geothermal project as it dominantly influences on time and cost in the whole project. Therefore, when it comes to viable geothermal project without abundant experience, managing drilling economically and efficiently is inevitable. In this study, a project management system for well construction in geothermal project based on project control system including work breakdown structure and cost account was developed to predict and assess the performance of drilling and to visualize the progress.

• Structural Engineering and Mechanics
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• v.88 no.3
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• pp.273-285
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• 2023

This study examines how the interaction between soil and a wind turbine's supporting system affects the optimal design. The supporting system resting on an elastic soil foundation consists of a steel conical tower and a concrete circular raft foundation, and it is subjected to wind loads. The material cost of the supporting system is aimed to be minimized employing various metaheuristic optimization algorithms including teaching-learning based optimization (TLBO). To include the influence of the soil in the optimization process, modified Vlasov and Gazetas elastic soil models are integrated into the optimization algorithms using the application programing interface (API) feature of the structural analysis program providing two-way data flow. As far as the optimal designs are considered, the best minimum cost design is achieved for the TLBO algorithm, and the modified Vlasov model makes the design economical compared with the simple Gazetas and infinitely rigid soil models. Especially, the optimum design dimensions of the raft foundation extremely reduce when the Vlasov realistic soil reactions are included in the optimum analysis. Additionally, as the designated design wind speed is decreased, the beneficial impact of soil interaction on the optimum material cost diminishes.

• Proceedings of the Korean Institute Of Construction Engineering and Management
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• autumn
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• pp.419-422
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• 2002

The features of modem construction industry can be summarized as specialization, complexity, and large-scale. Therefore, increasing uncertainty of construction project can not be effectively dealt with traditional method used for construction cost management. Cost overrun affects on successful execution of managing construction project in a negative way. Therefore, accurate estimation is a priori for effective cost management. First, this work analyzes the previous cost estimation model for the effective cost management. Then, a standard structure required for developing the cost estimation model for site development was presented. In addition, the cost estimation model which can be used in planning and design phases was introduced by analyzing real site development projects.