• Title/Summary/Keyword: Development Cost

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Sensititivity Analysis For Development Of Gulf Of Alaska

  • Pak, Ee-Tong
    • 한국해양학회지
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    • v.11 no.2
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    • pp.57-63
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    • 1976
  • It was attempted to analyze the sensitivity of the oil prospect place named MARIA which placed inside Gulf of Alaska. For the analysis, P6031090, ECOANA( computer) which installed in the head office, Shell Oil Co was used and the data needed for computer programming were 1) Unit of Production data 2) Production Schedule 3) Total Gross Yearly Expenses and 4) Total Gross Capital and so on. The important data among the computer output 1) PVPAT (Present Value After Tax): $1,167,077,500 2) Payout After Tax: 3.14 Years (256,284,810 BBL Production) 3) Earning Power: 42% (After Tax) 4) PVPAT/BBL : $1.22 5) Capital/BBL : $2.00. On the other hand, the effect acted upon PVPAT with varying the Platform cost, Facility cost, Pipeline cost and Well cost was observed in comparion with the basic for range from 50% to 200%. Resultantly, the order was 1) Pipeline cost 2) Facility cost 3) Well cost 4) Platform cost for range form 100% to 200%. This project was completed by the contract with Shell Oil Co., and the geological data needed for this analysis were given by the head office and the development project started from Jan. 1976.

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The Development on the Estimate method for the Cost-Effect Analysis of the Electrical Safety Management (전기안전 업무의 비용효과 분석을 위한 전기화재 손실비용 추정방법 개발)

  • Yoo, Jae-Geun
    • The Transactions of The Korean Institute of Electrical Engineers
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    • v.64 no.2
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    • pp.349-352
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    • 2015
  • This paper estimates electrical fire damage cost-effect to analyze electrical safety efficiency by applying a cost-benefit analysis method for analyzing the efficiency of a business public interest. Electrical fire loss statistics data was presented as direct costs and casualties, including deaths due to an electrical fire, this paper adds overhead "Incidental Cost of Accidents to the Employer" by W. H. Heinrich was applied to estimate the cost of economic loss. Also wounded, including the loss of human deaths by referring to the car accident insurance claims costs and human development estimated the losses caused by an electrical fire. And to perform a cost-benefit analysis of the electrical safety as a result of future work. In this paper, the economic effect of the electric field of safety and public interest work to systematically presented.

Development of Cost Estimation Method using Multiple-Regression Analysis for Rural Planning -Case Study for Land Consolidation - (농촌계획에 있어 다중회귀분석법에 의한 사업비 결정 - 경지정리사업비의 예 -)

  • Yun, Seong-Su;Lee, Jeong-Jae;Jo, Rae-Cheong
    • Journal of Korean Society of Rural Planning
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    • v.2 no.2
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    • pp.103-108
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    • 1996
  • In rural planning, the cost estimation of project is a key factor for planning. Therefore, development of reliable cost estimation method is essential. Recently, new techniques are suggested for determination of project cost using historical cost data. In this study, a multiple-regression analysis was used to determine the cost of the farm land consolidation. The results demonstrated that multiple regression analysis using historical cost data can be applicable to project cost estimation.

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Development of Educational Components of Managerial Cost Accounting for Nurses

  • Lim, Ji Young;Noh, Wonjung
    • Journal of Home Health Care Nursing
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    • v.26 no.1
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    • pp.81-90
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    • 2019
  • Purpose: In accordance with changes in the healthcare environment, it is necessary to understand managerial cost accounting for nurses. This study aimed to develop educational components of managerial cost accounting for nurses. Methods: This study is comprised of a comprehensive literature review, nominal group technique using focus group interview, audit by an expert group, and priority analysis. Results: The comprehensive literature review identified 15 educational components of managerial cost accounting. In the nominal group technique, the participants finally agreed on eight educational components of managerial cost accounting for nurses. The average content validity index of these components was 0.99. "Activity-based costing" scored the highest for relative importance (15.7%). Conclusions: These results can be used to develop an education program to strengthen nurses' managerial cost accounting competencies. Furthermore, it will be helpful to use a basis for the development of cost management curricula for nursing students and on-the-job training courses of nurse managers and executives.

The Algorithm of Improvement of Production cost using Function based cost estimating (기능 분석에 따른 제품 원가 구조개선 알고리즘에 대한 연구)

  • Seo, Ji-Han;Lee, Jea-Myung;La, Seung-Hoon
    • Journal of the Korea Safety Management & Science
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    • v.12 no.4
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    • pp.207-213
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    • 2010
  • Now days, the marketing environment is rapidly changed. Therefore, a lot of companies try to reduce production cost. Especially, Design is a important activities in new product development. While the concepts of design for manufacturable and concurrent engineering have made significant advances in integrating the design function with other areas in the firm. There are still major gaps in timely and accurate costing information available to designers. Inappropriate design could result in high redesign cost and delay in product relation. The generation of design and improvement is a time-consuming and mentally exhaustion process. It involves combining design features to generate as many potential design as possible. As not all features combinations are feasible, decision-makers have to narrow down the potential solutions and subsequently select appropriate design for further development. This new study is composed of 3 steps aiming at the Low Cost Design of the product. The three steps are consisted that setting up the target Cost, estimating the current functional cost, the design of a unit's reviewing according to the priority of the difference between the target cost and the functional cost.

An Estimation of the Standard Cost of Project Management of Empowerment Sector in Comprehensive Rural Village Development Project (일반농산어촌개발 지역역량강화사업비의 적정요율 산정)

  • Choi, Young-Wan;Park, Hyun-Yong;Kim, Young-Joo
    • Journal of Korean Society of Rural Planning
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    • v.19 no.3
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    • pp.131-144
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    • 2013
  • The existing standard cost of project management of empowerment sector in general rural development project has problems with standard cost system without considering characteristics of empowerment project and unclear division of works. These problems are a lot of trouble to fulfill the project. Thus, it needs an arrangement of standard cost considering detailed characteristics of project management in the empowerment sector. The contents and results of this study can be summarized as follows. 1) To set accurate standard cost, we carried out three-step processes, such as elicitation of standard works, calculation of workload and determination of standard cost. (1) In an investigation of 30 rural area dividing 8 parts about an workload of empowerment project, an average workload is 1,499 hours. (2) Based on this results, the standard cost is calculated at 15% of project cost in over 600 million won, at 28.75% of project cost in under 500 million won, by standards of empowerment project cost. 2) It set the responsibility management cost to 15% of empowerment project cost considering existing awareness, workload and work professionalism of project management. Based on the results, It suggested the practical use as basis for efficient management of the future empowerment projects. To achieve this, It needs to promote maximizing results on the whole project through the legalization processes including amendment of existing regulations.

A Study on the Application of QFD Application Model for Target Performance and Cost Setting of The Weapon System (무기체계 목표성능과 목표비용 설정을 위한 품질기능전개(QFD) 응용모델 연구)

  • Lee, Tae Hwa;Hong, Sung Hoon;Kwon, Hyuck Moo;Lee, Min Koo
    • Journal of Korean Society for Quality Management
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    • v.46 no.4
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    • pp.821-842
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    • 2018
  • Purpose: To derive key requirements and key technologies for weapon system acquisition business by using Qualify Function Deployment (QFD), and to reduce business cost by setting the target performance and key expense of weapon system. Methods: We propose a QFD methodology that can induce rational decision-making by translating analyst's subjective opinions into quantitative values when analyzing requirements at the initial stage of weapon system development project. Based on QFD methodology, QFD application model combining house of quality, value engineering, and analogy cost estimating technique is presented. Results: It was possible to analyze the specific requirements necessary for the development of the weapon system, to solve the communication problem of the participants, to set clear development direction and target. Conclusion: By applying the QFD application model at the early stage of the weapon system acquisition project, it is possible to reduce the business cost by establishing clear development direction and goal through the procedural analysis process.

Prototype Development of PDM System with Target Costing Function (원가기획기능을 갖는 PDM 시스템의 시작품 개발)

  • 홍민선;임석철
    • Journal of Korean Society of Industrial and Systems Engineering
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    • v.23 no.59
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    • pp.85-95
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    • 2000
  • Since the cost of a new product is determined mainly at the design stage, systematic tools to support the new product to be manufactured at the predetermined cost is very important for successful introduction of a new product. PDM is a tool to support engineers to integrate product data throughout the product development. In this paper, we introduce a prototype of PDM system which has a target costing function, where cost estimation is coupled with structured product data.

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Studies for Reliability-corrected Cost Estimation Methodology of Launch Vehicle Development (신뢰성 보정된 발사체 개발비용 추정방안 연구)

  • Kim, Hong-Rae;Yoo, Dong-Seo;Chang, Young-Keun
    • Journal of the Korean Society for Aeronautical & Space Sciences
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    • v.40 no.4
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    • pp.364-374
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    • 2012
  • The purpose of this study is to perform the reliability-corrected development cost estimation of the launch vehicle at the conceptual design phase. In order to estimate the launch vehicle development cost, the estimation method based on the independent variable such as the rocket performance and dry mass has been mainly implemented up to now. This approach has made the approximate cost estimation possible, however, the cost variation according to the reliability requirement could not be reflected. In this paper, the cost estimation methodology that introduces the reliability factor in addition to the performance and mass in the TRANSCOST model is presented in order to improve the limitation of current cost estimation method. The development cost of KSLV(Korea Space Launch Vehicle)-II is estimated on the basis of this newly implemented concept with reliability as an added parameter.

A Proposal of Modeling Guide of the Unit Space-based Preliminary Cost Estimation in Urban Renewal Mix-Used Development - Case Study on ○○ Transfer Station Complex - (복합용도 개발 도시재생 사업에서의 단위 공간 기반 개산견적 모델링 가이드 제안 - ○○시 ○○역 복합환승센터 사례를 중심으로 -)

  • Kang, Shin-Yeop;Ahn, Jae-Hong;Kim, Ju-Hyung
    • Journal of KIBIM
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    • v.3 no.1
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    • pp.11-20
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    • 2013
  • Mix-used development in urban renewal project is done to effectively utilize the limited downtown. Generally unlike a single project, It features placing a large number of different facilities(residential, commercial, business, cultural, etc.) which is each other organically linked. The purpose of this study is to suggest the method of modeling guide for 3D preliminary cost estimation considering visual and intuitive judgement of space in mix-used development Urban Renewal project. In this research, introducing SME(Standard Module and Element) breakdown structure, FID(Finish Identity) for estimating building space unit-based quantity take off was implemented. It could narrow the discrepancy of opinion between the stakeholders with more accurate cost-estimates, comparing to the traditional methods.