• Title/Summary/Keyword: Estimated Cost

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Estimated Food Cost to Maintain Basic Living Expenditure (기본생계비를 위한 식품비 산정에 관한 연구)

  • Mun, Hyeon-Gyeong
    • Journal of the Korean Dietetic Association
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    • v.4 no.2
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    • pp.245-253
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    • 1998
  • In this study, the food cost for the urban worker's living expenses was estimated for the Korea Labor Union. The urban workers living expenses are minimum of healthy and decency level expenses with allowances for minimum quality of life. Thus, the food cost should be enough for purchasing proper kinds and amount of foods which can supply sufficient nutrient to maintain health and which should reflect current food consumption patterns. To estimate the food cost, the Korean Recommended Dietary Allowances was used to calculate the amount of nutrients which should be supplied. The National nutrition survey and the Food balance sheet, were used to estimate the current consumption patterns for the kind and amount of food. To estimate price for each food item, the market survey was executed in six large cities. Also, to verify the estimated food cost, actual food costs were surveyed. For 5 kinds of model household, dietary allowances were calculated for the each nutrient. Using the Korean food guides, the number of serving for each food group were decided for the model households. In each food group, the amount and kind of foods were decided by the current food consumption pattern. The kind and amount of food were adjusted by the amount of calculated nutrient. When the amount of nutrient was between 90% and 110% of the recommended dietary intake, it was accepted. With these amount and kinds of foods, the food cost were calculated using the market survey. Considering extra expenses for the eating-out and processed foods, extra expenses are added. As a results, for single person family, the estimated food cost was 149,210won per month. For two, three, four and five person family, the estimated food costs were 245,179won, 381,182won, 501,669won and 687,980won per month, respectively. The estimated food cost were lower in the single and two person family than the actual food cost by the survey. The cost for eating-out gave major differences. In the future, to estimate food cost, the food consumption patterns for the different kind of household, sex and age should be studied carefully. Also, the pattern of eating-out should by analyzed.

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An Evaluation of Effects on Hypertension and Diabetes Mellitus Management of a Community-Based Nursing Care Center Using Cost-Benefit Analysis (비용편익분석을 이용한 일 재가노인간호센터의 고혈압 및 당뇨관리 효과평가)

  • Lim, Ji-Young;Im, Jung-Nam;Kim, In-A;Ko, Su-Kyoung
    • Journal of Korean Academy of Nursing Administration
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    • v.16 no.3
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    • pp.295-305
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    • 2010
  • Purpose: This study was conducted to evaluate the economic efficiency of a community-based nursing care center to help policy makers determine whether or not to invest in similar facilities. Methods: The subjects were 101 elderly people over 65 years who participated in a health management program from February 1 to July 31, 2007. Direct cost was estimated with center operations cost, medical cost for out-patients and pharmacy cost. Indirect cost was measured by transportation cost. Direct benefit was calculated by saved medical cost for out-patients, saved pharmacy cost, saved transportation cost, and reducing hospital charges. Indirect benefit was estimated with prevention of severe complications. Economic efficiency was evaluated by cost-benefit ratio and net benefit. Results: Operating a community-based nursing care center was found to be cost-effective. Specifically, the cost of operating the center evaluated here was estimated at 135 million won while the benefit was estimated at 187 million won. Benefit-cost ratio was 1.38. Conclusion: The Community-based nursing care center that was described here could be a useful health care delivery system for reducing medical expenditures.

Improved Methods of Cost Sharing in Apartment Remodeling Projects (공동주택 리모델링 사업 분담금 산정의 문제점 및 개선방안)

  • Kim, Jeong-Won;Lee, Dong-Jin;Lee, Min-Joo;Lee, Ji-Hyung
    • Proceedings of the Korean Institute of Building Construction Conference
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    • 2019.11a
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    • pp.184-185
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    • 2019
  • The purpose of this study is to suggest the improved methods for cost sharing in apartment remodeling projects. Case studies on apartment remodeling projects with different plan type were analyzed and compared. Cost sharing estimated by 'proportional rate method' shows similar results estimated by 'return on investment method' in case of similar area ratio of existing plan to remodeling plan. Otherwise cost sharing estimated by 'proportional rate method' shows great differences comparing the results estimated by 'return on investment method'. Although return on 'proportional rate method' is widely used, it is not proper to estimate cost sharing when each householder's contribution for the project varies, such as considerable differences area ratio of existing plan to remodeling plan. Improved cost sharing method is needed taking into account project contribution and characteristics.

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Periodic Replacement Policies with Minimal Repair Cost Limit

  • Yun, W.Y.;Bai, D.S.
    • Journal of Korean Institute of Industrial Engineers
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    • v.11 no.1
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    • pp.3-10
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    • 1985
  • Periodic replacement policies are proposed for a system whose repair cost, when it fails, can be estimated by inspection. The system is replaced when it reaches age T (Policy A), or when it fails for the first time after age T (Policy B). If it fails before reaching age T, the repair cost is estimated and minimal repair is then undertaken if the estimated cost is less than a predetermined limit L; otherwise, the system is replaced. The expected cost rate functions are obtained, their behaviors are examined, and ways of obtaining optimal T and L are explored.

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Cost Limit Replacement Policy under Imperfect Repair with Inspection Error (검사오차가 있는 불완전 수리에서의 비용한계 교체 정책)

  • Yun, Won-Young
    • Journal of Korean Institute of Industrial Engineers
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    • v.16 no.2
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    • pp.45-50
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    • 1990
  • A replacement policy with repair cost limit is discussed. When a system fails, the repair cost is estimated by inspection and repair is then undertaken if the estimated cost is less than a predetermined limit L ; otherwise the system is replaced. After repair, the system is as good as new with probability(l-p) or is minimally repaired with probability p. It is assumed that repair cost can not be estimated exactly because of inspection error. When the failure time follows a Weibull distribution and repair cost a normal distribution, the value of repair cost limit minimizing the expected cost rate is shown to be finite and unique.

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Cost-Benefit Analysis for Safety Management Cost using Quantitative Risk Analysis (정량적 위험성 평가에 의한 안전관리 투자의 비용-편익분석)

  • 장서일;조지훈;김태옥
    • Journal of the Korea Safety Management & Science
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    • v.4 no.4
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    • pp.15-26
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    • 2002
  • The quantitative evaluation method of the safety management cost was suggested to prevent a gas accident as a major industrial accident. In a gas governor station, process risk assessments such as the fault tree analysis(FTA) and the consequence analysis were performed. Based on process risk assessments, potential accident costs were estimated and the cost-benefit analysis(CBA) was performed. From the cost-benefit analysis for five classification items of safety management cost, the order of the cost/benefit ratio was estimated.

Corrosion Cost Survey in Japan - Focusing on Transportation Industry -

  • Kodama, Toshiaki
    • Corrosion Science and Technology
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    • v.7 no.5
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    • pp.252-258
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    • 2008
  • The Committee on the Cost of Corrosion in Japan was organized in 1999 jointly by the Japan Society of Corrosion Engineering (JSCE) and the Japan Association of Corrosion Control (JACC). Corrosion cost as of FY1997 was estimated based on the Uhlig and Hoar methods similarly to that conducted in 1974. The estimated corrosion cost of 1997 was compared with that reported for 1974 with speculation on the change in industrial environment. The overall costs estimated by the Uhlig and Hoar methods for 1997 were 3,938 billion yen and 5,258 billion yen, respectively, which were equivalent to 0.77% and 1.02% of the GNP of Japan. The process of organization formation, procedures for analyses and the results of cost evaluation were described by adjusting a focus on transportation industry.

Prediction of Labor Requirement and Cost of Pick-up Type Pulse Crop Harvester for Soybean and Red Bean Harvesting

  • Yoo, Soonam;Chang, Heesoo
    • Journal of Biosystems Engineering
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    • v.39 no.4
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    • pp.283-289
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    • 2014
  • Purpose: This study was carried out to evaluate the labor requirement and the cost-reducing effects of the pick-up type pulse crop harvester compared with those of conventional harvesting for soybeans and red beans. Methods: The labor requirement and the cost to gather, thresh, and clean for conventional harvesting operations were surveyed; those for the pick-up type pulse crop harvester were estimated for soybeans and red beans. The annual capacity of the harvester and the break-even area of the two harvesting methods were also estimated. Results: For soybean harvesting, the labor requirement of 0.57 hour-persons/10 a for the pick-up type pulse crop harvester reflects a 91.9% reduction in the labor requirement of 7.00 hour-persons/10 a for conventional harvesting. Machinery costs of 51,300 won/10 a for the harvester were estimated for an annual harvesting area of 52.5 ha/year, representing a reduction of 33.3% from the 78,700 won/10 a cost of conventional harvesting. A break-even area of 28.4 ha was estimated for the two harvestings. For red bean harvesting, the labor requirement of 0.57 hour-persons/10 a for the harvester reflects a 92.6% reduction in the labor requirement of 7.66 hour-persons/10 a for conventional harvesting. For an annual harvesting area of 52.5 ha/year, annual capacity of 52.5 ha/year and machinery costs of 51,700 won/10 a were estimated for the harvester, reflecting a reduction of 44.7% in the cost of 93,500 won/10 a for conventional harvesting. A break-even area of 23.1 ha was estimated for the two harvestings. A governmental subsidy for purchasing the harvester could contribute to reducing the break-even area and harvesting costs. Conclusions: The pick-up type pulse crop harvester for soybean and red bean harvesting could reduce the labor requirement and costs of conventional harvesting, and a governmental subsidy for purchasing the harvester will improve the economics of the harvester for efficient mechanical harvesting.

Economic Evaluation far the Application of the Distribution Automation System (배전자동화시스템 적용을 위한 경제성 평가)

  • Hong, Soon-Hak;Ha, Bok-Nam;Kim, Ho-Yong;Jung, Kyung-Hee
    • Proceedings of the KIEE Conference
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    • 1993.07a
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    • pp.36-38
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    • 1993
  • This study considers the economic aspect of the distribution automation system, which is the decision-making criteria of the electric utilities for the investment. The feeder automation candidate region is divided into two types of the urban and the rural. The total investment cost of the feeder automation for each type is estimated. The annual cost, is also estimated, by finding the fixed charge rate. To compare the annual cost and the economic effect cost, for the investment decision-making, the costs are quantitatively estimated on the following effects : the manpower replacement, the outage cost saving, the main transformer utilization improvement, the feeder utilization improvement, and the line loss reduction.

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An Estimation of Congestion Cost on the Seoul-Pusan Express Highway (도로 혼잡비용 추정 이론과 사례 (1999년 설날 연휴 고속도로 경부구간의 경우))

  • 김상태;이기훈
    • Journal of Korean Society of Transportation
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    • v.20 no.2
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    • pp.27-38
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    • 2002
  • This study estimates the social cost of the traffic congestion of the Express highway from Seoul to Pusan during the New Year holiday in 1999. Considering inelastic demand and the hyper congestion, we show the congestion cost can be estimated as externalities caused by traffics which exceed the road capacity. Due to the congestion, it is estimated that it took about 12.40 hours more from Seoul to Pusan. The congestion is also estimated to have caused fuel cost of 0.6 billion won. time cost of 43.6 billion won and environmental cost of 0.5 billion won. The total cost reached up to 44.8 billion won.