• Title/Summary/Keyword: Cost-Time Relationship

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Development of Integrated System of Time-Driven Activity-Based Costing(TDABC) Using Balanced Scorecard(BSC) and Economic Value Added(EVA) (BSC와 EVA를 이용한 TDABC 통합시스템의 개발)

  • Choi, Sungwoon
    • Journal of the Korea Safety Management & Science
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    • v.16 no.3
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    • pp.451-469
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    • 2014
  • The purpose of this study is to implement and develop the integrated Economic Value Added (EVA) and Time-Driven Activity-Based Costing (TDABC) model to seek both improvement of Net Operating Profit Less Adjusted Tax (NOPLAT) and reduction of Capital Charge (CC). Net Operating Profit Less Adjusted Tax (NOPLAT) can be maximized by reducing the indirect cost of an unused resource capacity increased by Cost Capacity Ratio (CCR) of TDABC. On the other hand, Capital Charge (CC) can be minimized by improving the efficiency of Invested Capital (IC) considered by Weighted Average Cost of Capital (WACC) of EVA. In addition, the integrated system of TDABC using Balance Scorecard (BSC) and EVA is developed by linking between the lagging indicators and the three leading indicators. The three leading indicators include customer, internal process and growth and learning perspectives whereas the lagging indicator includes NOPLAT and CC in terms of financial perspective. When the Critical Success Factor (CSF) of BSC is cascading as a cause and an effect relationship, time driver of TDABC and capital driver of EVA can be used efficiently as Key Performance Indicator (KPI) of BSC. For a better understanding of the proposed EVA/TDABC model and BSC/EVA/TDABC model, numerical examples are derived from this paper. From the proposed model, the time driver of TDABC and the capital driver of EVA are known to lessen indirect cost from comprehensive income statement when increasing the efficiency of operating IC from the statement of financial position with unified KPI cascading of aligned BSC CSFs.

PID Controller Tuning Using LQR method - Time domain approach (LQR방법에 의한 PID제어기 동조 - 시간영역에서의 접근)

  • Yang, Ji-Hoon;Suh, Byung-Suhl
    • Proceedings of the KIEE Conference
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    • 2001.11c
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    • pp.3-6
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    • 2001
  • This paper presents optimal robust PID controller design method for second order systems to satisfy the design specifications in time domain. The parameters of PID controller are determinated by the weighting factors Q and R of cost function. It is suggested that the selection of Q and R matrix can be determinated by its relationship with the natural frequency of ITAE criterion.

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A method for deciding weighting matrices in a linear discrete time optimal regulator problems to locate all poles in the specified region

  • Shin, Jae-Woong;Shimemura, Etsujiro;Kawasaki, Naoya
    • 제어로봇시스템학회:학술대회논문집
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    • 1988.10b
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    • pp.729-733
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    • 1988
  • In this paper, a new procedure for selecting weighting matrices in linear discrete time quadratic optimal control problems (LQ-problem) is proposed. In LQ problems, the quadratic weighting matrices are usually decided on trial and error in order to get a good response. But using the proposed method, the quadratic weights are decided in such a way that all poles of the closed loop system are located in a desired area for good responses as well as for stability and values of the quadratic cost functional are kept less then a specified value. The closed loop systems constructed by this method have merits of LQ problems as well as those of pole assignment problems. Taking into consideration that little is known about the relationship among the quadratic weights, the poles and the values of cost functional, this procedure is also interesting from the theoretical point of view.

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A Study on the Development of Deep Drawing Press using a Rotating Disk (회전원판을 이용한 디프드로잉용 프레스 개발에 관한 연구)

  • 황병복;강성호;김진목
    • Proceedings of the Korean Society for Technology of Plasticity Conference
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    • 1994.06a
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    • pp.69-78
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    • 1994
  • A rotating disk is introduced to be applied to the deep drawing press. Several characteristics are summarized to see the basics of deep drawing of sheet metal in terms of load-stroke relationship and formability. Many conventional drawing presses, which are mostly link-type presses, are also shown to be compared with the rotating disk-type press. Performances of the new press are kinematically analyzed it terms of load-main gear angle relationship, stroke-gear angle relationship, and slide velocity-gear angle relationship and they are compared with those of conventional types', e. g. crank press and so on. The comparison show kinematically better performance of rotating disk-type press than that of conventional ones. Also, the new press are proven to be one of the best press for mass production in terms of cycle time. Applicability of the rotating disk press to deep drawing and cold forging work is introduced. The new press is described in terms of economy such that the cost of new press would be much lower than those of conventional types'.

Computation cost reduction method of EBCOT using upper subband search information in the wavelet domain (웨이블릿 영역에서의 상위 부대역 탐색정보를 이용한 EBCOT의 연산량 감소 방법)

  • Choi, Hyun-Jun;Paik, Yaeung-Min;Seo, Young-Ho;Kim, Dong-Wook
    • Journal of the Korea Institute of Information and Communication Engineering
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    • v.13 no.8
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    • pp.1497-1504
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    • 2009
  • This Paper Propose a method to reduce the calculation time in JPEG2000. That is, if a coefficient is estimate a upper-level subband and its descendents skip the scan process. There is a trade-off relationship between the calculation time and the image quality or the amount of output data, the calculation time and the amount of output data decreases, but the image degradation increases. The experimental results showed that in calculation time was 35% in average, which means that ls ge ses. The ein calculation time and output data can be obtls ed with a cost of an acceptlble image quality degradation.

Advanced Time-Cost Trade-Off Model using Mixed Integer Programming (혼합정수 프로그래밍 기법을 이용한 진보된 Time-Cost Trade-Off Model)

  • Kwon, Obin;Lee, Seunghyun;Son, Jaeho
    • Korean Journal of Construction Engineering and Management
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    • v.16 no.6
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    • pp.53-62
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    • 2015
  • Time-Cost Trade-Off (TCTO) model is an important model in the construction project planning and control area. Two types of Existing TCTO model, continuous and discrete TCTO model, have been developed by researchers. However, Using only one type of model has a limitation to represent a realistic crash scenario of activities in the project. Thus, this paper presents a comprehensive TCTO model that combines a continuous and discrete model. Additional advanced features for non-linear relationship, incentive, and liquidated damage are included in the TCTO model. These features make the proposed model more applicable to the construction project. One CPM network with 6 activities is used to explain the proposed model. The model found an optimal schedule for the example to satisfy all the constraints. The results show that new model can represent more flexible crash scenario in TCTO model.

Empirical Analysis of Shipper Requirement for E-logistics : The Case of International Shipping (E-logistics에 있어서 화주의 평가체계에 관한 실증적 연구 : 국제 해운분야를 중심으로)

  • Cho, Chan-Hyouk;Strohmaier, James G.
    • Journal of Korea Port Economic Association
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    • v.20 no.2
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    • pp.217-234
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    • 2004
  • Information technology has been transforming the relationship between shippers and carriers, but an unresolved question remains: what is the relative importance to shippers of service versus cost benefits of e-logistics solutions? This research develops and empirically tests a model to determine how Internet-based logistical operations in international shipping impact on the relative importance of cost versus service benefits to shippers. Contrary to expectations, results show that shippers perceived cost benefits from well-designed web sites, undoubtedly a consequence of perceptions that multi-function portals with ease of access contributed to savings in time and money. Another result was the confirmation of the positive effects of cargo tracing and bill of lading issuance on service-related factors. Finally, this study draws attention to the need for improvements in on-line booking capabilities and development of a comprehensive common portal; issues that must be addressed for shipping lines to succeed in an increasingly competitive e-logistics market.

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Participation Types of Private Security Guards in Leisure Activities and the Effect of Leisure Constraint on Life Quality (민간경호원의 여가활동 참여유형 및 여가제약이 삶의 질에 미치는 영향)

  • Park, Joon-Ho;Choi, Pan-Am;Jo, Sung-Gu
    • Journal of the Society of Disaster Information
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    • v.7 no.2
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    • pp.161-171
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    • 2011
  • This research puts the purpose in elucidating the effect of participation types of leisure activity and leisure restraints on life quality. To achieve research purpose, questionnaire survey was conducted on 200 subjects who are engaged in private guard companies with ages over 20. Using the collected data, frequency analysis was conducted in order to identify demographic characteristics with SPSS/WIN 17.0V program. In addition, multiple regression analysis was conducted for solving research questions. As a result, sports related participation type had a positive effect on time constraint factor. Meanwhile, hobby related participation type had a positive effect on time and cost constraint, participation type of watching has a positive effect on individual and social constraint. Tour and play related participation type had a positive effect on individual constraint factor. Meanwhile participation type of sociality had a positive effect on individual constraint and hobby factor, but had a negative effect on familial and social constraint. Sports related participation type had a positive effect on social relationship factor. Participation type of watching and play related participation type had a negative effect on family relationship. Finally, time constraint factor had a positive effect on family relationship, and cost constraint factor had a positive effect on entire quality of life. Individual and family constraint factors had a negative effect on leisure relationship factor. Also, social constraint factor had a positive effect on family relationship, but had a negative effect on leisure relationship.

An Exploratory Study on Logistics Infrastructures in Cambodia : Current Issues and Future Solutions (캄보디아의 물류 기반시설에 관한 탐색적 연구 : 그 쟁점과 해결방안)

  • Long, Dannsoleilnay;Kim, Jong-Chill
    • International Commerce and Information Review
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    • v.16 no.4
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    • pp.333-362
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    • 2014
  • This study uncovered some issues that have constrained the development of logistics performance in Cambodia. Firstly, literature review was narrowed down to include studies involving the relationship between Logistics and transportation, the relationship between the infrastructure and economic growth and the important role of logistics on economic growth and poverty reduction. Then the next step the study identified some issues related to transport infrastructure that were assumed to cause the enhancement of logistics sector. Moreover, a case study about cost and time analysis was used to address some issues of logistics cost in Cambodia comparing to its neighboring countries: Thailand and Vietnam. Based on the time and cost analysis, it revealed that the logistics cost in Cambodia is much high than Thailand and Vietnam. In addition, some logistics issues were found through other two case studies about the export and trade facilitation. The participants raised some issues related to issuance of certificate of origin, the availability of information about agreements, laws, rules, and regulations, checkpoints along the corridor and opening hours of logistics service providers and slow processes. Then the authors suggested some appropriate solutions to answer to the current issues related to transport infrastructure and logistics sector in Cambodia.

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Optimizing Fat Grafting Using a Hydraulic System Technique for Fat Processing: A Time and Cost Analysis

  • Verdura, Vincenzo;Guastafierro, Antonio;Di Pace, Bruno;Faenza, Mario;Nicoletti, Giovanni Francesco;Rubino, Corrado
    • Archives of Plastic Surgery
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    • v.49 no.2
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    • pp.266-274
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    • 2022
  • Background Many authors have researched ways to optimize fat grafting by looking for a technique that offers safe and long-term fat survival rate. To date, there is no standardized protocol. We designed a "hydraulic system technique" optimizing the relationship among the quantity of injected fat, operative time, and material cost to establish fat volume cutoffs for a single procedure. Methods Thirty-six patients underwent fat grafting surgery and were organized into three groups according to material used: standard, "1-track," and "2-tracks" systems. The amount of harvested and grafted fat as well as material used for each procedure was collected. Operating times were recorded and statistical analysis was performed to establish the relationship with the amount of treated fat. Results In 15 cases the standard system was used (mean treated fat 72 [30-100] mL, mean cost 4.23 ± 0.27 euros), in 11 cases the "1-track" system (mean treated fat 183.3 [120-280] mL, mean cost 7.63 ± 0.6 euros), and in 10 cases the "2-tracks" one (mean treated fat 311[220-550] mL, mean cost 12.47 ± 1 euros). The mean time difference between the standard system and the "1-track" system is statistically significant starting from three fat syringes (90 mL) in 17.66 versus 6.87 minutes. The difference between the "1-track" system and "2-tracks" system becomes statistically significant from 240 mL of fat in 15 minutes ("1-track") versus 9.3 minutes for the "2-tracks" system. Conclusion Data analysis would indicate the use of the standard system, "1-track," and "2-tracks" to treat an amount of fat < 90 mL of fat, 90 ÷ 240 mL of fat, and ≥ 240 mL of fat, respectively.