• Title/Summary/Keyword: Cost-Time Relationship

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PROBABILISTIC MODEL-BASED APPROACH FOR TIME AND COST DATA : REGARDING FIELD CONDITIONS AND LABOR PRODUCTIVITY

  • ChangTaek Hyun;TaeHoon Hong;SoungMin Ji;JunHyeok Yu;SooBae An
    • International conference on construction engineering and project management
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    • 2011.02a
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    • pp.256-261
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    • 2011
  • Labor productivity is a significant factor related to control time, cost, and quality. Many researchers have developed models to define method of measuring the relationship between productivity and various constraints such as the size of working area, maximum working hours, and the crew composition. Most of the previous research has focused on estimating productivity; however, this research concentrates on estimating labor productivity and developing time and cost data for repetitive concrete pouring activity. In Korea, "Standard Estimating" only contains the average productivity data of the construction industry, and it is difficult to predict the time and cost of any particular project; hence, there are some errors in estimating duration and cost for individual activity and project. To address these issues, this research collects data, measures productivity, and develops time and cost data using labor productivity based on field conditions from the collected data. A probabilistic approach is also proposed to develop data. A case study is performed to validate this process using actual data collected from construction sites and it is possible that the result will be used as the EVMS baseline of cost management and schedule management.

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The Effect of Perceived Time on Intention to Use Mobile Service - Considering the moderating effect of Ubiquitous - (사용자가 인지한 시간이 모바일 서비스 이용의도에 미치는 영향 - 유비쿼터스 특성의 조절효과를 고려하여 -)

  • Kim, Eun-Ah;Mun, Hee-Jin
    • The Journal of Information Systems
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    • v.18 no.3
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    • pp.155-181
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    • 2009
  • Modern persons should do many activities during limited time. In such situation, people feel time pressure because they think that time is short. Time pressure affects negatively several factors such as satisfaction and intention to use through perceived time cost. Ubiquity, an mobile service's characteristic in which users can use desired information or services in anywhere and anytime, would let users feel free from time pressure. This study examines the relationship between perceived time and intention to use and the moderating effect of ubiquity. We performed a survey for users of DMB service, a representative mobile service. Using Partial Least Square, we tested hypotheses. The results suggest that time pressure influences positively perceived time cost and that perceived time cost affects negatively satisfaction but not enjoyment. And the results show that there are the significant positive relationships between enjoyment and intention to use and between satisfaction and intention to use. Finally, the moderating effects of ubiquity on the relationships between perceived time cost and enjoyment and between perceived time cost and satisfaction was found to be positive and significant. We suggests implications basing on the results.

Evaluation System for the Correlation Coefficient of the Assemblability and Assembly Cost of Products in Bolting (볼트를 사용한 제품에서의 조립용이성과 조립비용의 상관관계 평가시스템)

  • 목학수;문광섭;김형주
    • Journal of the Korean Society for Precision Engineering
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    • v.15 no.5
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    • pp.72-84
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    • 1998
  • This paper studies the relationship between assemblability and assembly time. After analyzing characteristic factors of bolts and parts, seven different kinds of assemblability parameters were determined according to assembly process, and assemblability was also evaluated. MTM (Method-Time Measurement) and Work factor methods were used for an estimation of assembly time. It shows the relationship can be found on the basis of characteristic factors of parts and bolts by relational graphs and numerical formulas.

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A DECISION MAKING FRAMEWORK FOR REDUCING PROJECT DURATION BY APPLYING CONCURRENT ENGINEERING IN CONSTRUCTION

  • Han, Jin-Taek;Choi, Do-Seung;Lee, Jae-Seob
    • International conference on construction engineering and project management
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    • 2009.05a
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    • pp.1540-1547
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    • 2009
  • Steel frame factories were surveyed in this study in order to explore the possibility of shortening the construction time and save on construction cost through overlapping at the stages of design or construction. In the survey, construction professionals were interviewed in order to collect quantitative data. Hypotheses were then formulated, and the data was thereby analyzed using the simulation technique in order to analyze the effects of the concurrent engineering method on shorter construction time and cost saving. In addition, actual cases were analyzed to determine the overlapping rates of major processes in terms of shorter construction time and cost saving and to analyze the relationship between time and cost due to overlapping.

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Relationship Management of Multinational Enterprises and its Performance: An Empirical Study of Foreign and Japanese Multinationals (다국적기업의 관계관리와 효과에 관한 실증연구 - 재일외자기업(在日外資企業)과 일계다국적기업(日系多國籍企業)을 대상으로 -)

  • Rha, Hye-Su;Kim, Jung-Uk
    • International Commerce and Information Review
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    • v.10 no.2
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    • pp.391-410
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    • 2008
  • Emphasis on relationship management might be found out from Williamson (1975), who tried to elucidate why an organization exists. According to his transaction cost theory, an organization is established to evade opportunistic actions of the market and build up a hierarchy of value chain. However, judged from the perspective of exchange relationship in a trade, the transaction cost theory was likely to approach to buyer-seller relationship by the mechanism of competition. Therefore, an organization exists to control the competition of the market. Relationship management suggested by relationship marketing focuses on cooperation between buyers and sellers, rather than competition against each other. Relationship management aims to provide a framework for making a market relationship that might become an asset or a resource of the firm. In the process of maintaining and strengthening long-term and cooperative relationship with all stakeholders included customers, suppliers and staff, they continue to create new values. The purpose of this empirical research, by investigating how relationship management of multinational enterprises influences on their competitive advantages and performances, is to suggest that a cooperative relationship established for a long time in the market, so-called quasi-market relationship, substitutes for an organization.

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A Study on Optimal Lead Time Selection Measures of the Construction Materials (건설자재의 적정 리드타임 산정에 관한 연구)

  • Lee, Sang-Beom
    • Journal of the Korea Institute of Building Construction
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    • v.4 no.1
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    • pp.105-110
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    • 2004
  • Resource procurement is an important management area because cost of resource covers 40% of total construction project cost and resource delivery has direct relationship with project performance. Integration of cost provides various potentials for effective and efficient project control. This study investigates the usefulness of time in resource procurement management focused on materials. These days, construction projects have characterized manufacture because of industrialization and component. Therefore, application of systematic resource planning has been requested in the construction. There are many companies conducting procurement of resource on the web by applying MRP, ERP etc. in the construction. However, in applying them in the construction yet, there is obstruction. MRP has the character doing its function under accurate cost prediction of resource. But prediction of resource is difficult in industry mechanism of the construction. If accurate cost prediction of resource is possible in the construction, it will be expected to reduce cost of procurement of resource substantially by applying successful resource planning model in the manufacture. On the basis of recent current, the purpose of study is to present procurement of resource system that period observance of construction and minimization of stock is possible by reflecting accurate lead-time to apply proactive thought to be able to cope with alteration of construction schedule efficiently in analyzing resource planning of the construction site.

Push-N-Scheme with Timeout for Content Delivery of Social Networking Services

  • Jun, Kyungkoo
    • Journal of Information Processing Systems
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    • v.10 no.1
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    • pp.81-91
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    • 2014
  • Widely spreading smart devices have become an important information sharing channel in everyday life. In particular, social networking services (SNS) are the hub for content creation and sharing. Users post their contents on SNS servers and receive contents of interest. Contents are delivered in either pull or push. Regarding delivery, cost and wait time are two important factors to be minimized, but they are in a trade-off relationship. The Push-N-scheme (PNS) and timeout-based push scheme (TPS) have been proposed for content delivery. PNS has an advantage in cost over TPS, whereas TPS has an edge in terms of the wait time over PNS. We propose a hybrid push scheme of PNS and TPS, called push-N-scheme with timeout (PNT), to balance the cost and the wait time. We evaluate PNT through simulations, with the results showing that PNT is effective in balancing PNS and TPS.

Effects of Consumers' Perception of Shopping Cost and Recreational Shopping Orientation on Catalog Shopping of Apparel (의류 제품의 통신 판매와 소비자 구매 의도 -쇼핑 비용 지각과 쾌락적 쇼핑 성향을 중심으로-)

  • 이은주;이은영
    • Journal of the Korean Society of Clothing and Textiles
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    • v.20 no.5
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    • pp.826-840
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    • 1996
  • With rapid changes in social and marketing environments, catalog retailing emerges as a new method of selling clothes in Korea. In catalog shopping, in-store and multi·store search behavior are omitted saving consumers time and effort. On the other hand, consumers may lose recreational enjoyment of shopping when they purchase clothes through catalog. In this study, consumers perception of shopping cost and recreational shopping orientation were tested as consumer characteristic intervening catalog shopping behavior. The concept of shopping cost was derived from Darian(1987)'s analysis of cost and benefit of store shopping and in-home shopping. A national sample of 700 adult women was surveyed and 477 questionnaires were returned and used for statistical analysis. Nine shopping cost perception variables were found to have significant positive relationships with the purchase intention of apparel through catalog. As a result of confirmatory factor analysis, two factors of shopping cost were found; perception of lack of shopping time and perception of store search effort. Causal modeling of LISREL analysis showed that percetion of lack of shopping time was strongly related with patronizing intention of catalog shopping. Since catalog shopping exclude enjoyment of store shopping activity, it can be logically inferred that recreational store shoppers have less chance of being catalog shoppers. However, the result of LISREL analysis showed that there were no negative relationship between recreational shopping orientation and catalog shopping intention. This suggests that consumers might experience enjoyment of shopping through catalog when properly presented.

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A Note on Periodic Replacement with Minimal Repair at Failure

  • Park, Young Taek
    • Journal of Korean Society for Quality Management
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    • v.12 no.2
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    • pp.2-5
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    • 1984
  • Periodic replacement model with minimal repair at failure is extended to the case where quantity purchases are possible. A recursive relationship among replacement intervals is obtained, which shows that replacement intervals are an increasing sequence due to the inventory carrying cost. Using the relationship, a procedure is given for determining how many units to purchase on each order and when to replace each unit after it has begun operating so as to minimize the total cost per unit time over an infinite time span. The problem can be simplified if equal replacement intervals are assumed, and the solution is very close to the solution of the unconstrained problem.

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Optimal Stocking for Age-replaced Non-repairable Items (수리 불가능한 품목의 수명교환을 위한 최적 재고정책)

  • Park, Young-Taek;Park, Kyung-Soo
    • Journal of the Korean Operations Research and Management Science Society
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    • v.14 no.2
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    • pp.75-86
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    • 1989
  • Joint stocking and preventive age replacement policy is considered for non-repairable items assuming instantaneous replenishment. A recursive relationship among the optimal preventive replacement ages is obtained, which shows that the preventive replacement ages in a replenishment cycle form an increasing sequence due to the inventory carrying cost. Using this relationship, a procedure is given for determining how many units to purchase on each order and when to replace each unit after it has begun operating so as to minimize the total cost per unit time over an infinite time span. The problem can be simplified if equal preventive replacement ages are assumed, and the solution is very close to that of the original unconstrained problem.

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