• Proceedings of the Korean Operations and Management Science Society Conference
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• 2004.05a
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• pp.119-126
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• 2004

Location management is very important issue in wireless communication system to trace mobile users' exact location. In this study, we propose a dynamic location area management scheme which determines the size of dynamic location area considering each user's characteristic. In determining the optimal location area size, we consider the measurement data as well as the historical data, which contains call arrival rate and average speed of each mobile user. In this mixture of data, the weight of historical data is derived by linear searching method which guarantees the minimal cost of location management. We also introduce the regularity index which can be calculated by using the autocorrelation of historical data itself. Statistical validation shows that the regularity index is the same as the weight of measurement data. As a result, the regularity index is utilized to incorporate the historical data into the measurement data. By applying the proposed scheme, the location management cost is shown to decrease. Numerical examples illustrate such an aspect of the proposed scheme.

• IE interfaces
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• v.18 no.4
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• pp.382-389
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• 2005

Location management is very important issue in wireless communication system to trace mobile users' exact location. In this study, we propose a dynamic location area management scheme which determines the size of dynamic location area considering each user's characteristics. In determining the optimal location area size, we consider the measurement data as well as the historical data, which contains call arrival rate and average speed of each mobile user. In this mixture of data, the weight of historical data is derived by linear searching method which guarantees the minimal cost of location management. We also introduce the regularity index which can be calculated by using the autocorrelation of historical data itself. Statistical validation shows that the regularity index is the same as the weight of measurement data. As a result, the regularity index is utilized to incorporate the historical data into the measurement data. By applying the proposed scheme, the location management cost is shown to decrease. Numerical examples illustrate such an aspect of the proposed scheme.

• Korean Journal of Construction Engineering and Management
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• v.7 no.5
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• pp.167-176
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• 2006

It was found that Korean Standard of Estimate which has been used as the only basis of cost estimate of public construction projects had some side effects such as jerry-build construction and over-estimation because it failed to reflect the current price and the state-of-the-art construction methods in a changing construction environment. Therefore, the government decided to gradually introduce historical construction cost into cost estimate of public construction projects from 2004. This paper presents analytic criteria and a process model for deducing more current and reasonable historical construction cost for contract items from not only previous contract prices but also all of the other bid prices that were not contracted. The procedure of estimating actual unit cost proposed in this paper focuses on the removal of abnormal values including strategically too low or high prices and the time correction. In addition, basic research is conducted for the correction of actual unit cost through the analysis of fluctuation of bid price depending on bidding types and rates of successful bid. It is anticipated that the effective use of the proposed process model for estimating actual unit cost would make the cost estimation more current and reasonable.

• Proceedings of the KIEE Conference
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• 2005.07e
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• pp.37-39
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• 2005

When we have been estimated construction costs, till now, we are used to costs accumulating method of each items based on standard labors rates. But there are some problems of its methods. Our governments are applied to a historical construction costs estimation system for building construction and civil engineering works from January 2004. The electrical construction works are forecasted that applied to historical construction cost estimation systems. This paper is showed to development of electrical construction cost index for estimation of historical costs and contract prices.

• KSCE Journal of Civil and Environmental Engineering Research
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• v.34 no.2
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• pp.667-676
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• 2014

This study has conducted case studies in order to suggest alternatives to the historical data-based estimate system. Price fluctuation calculation methods based on historial cost indexes, standard estimate and construction cost indexes were applied to 9 road construction sites in Jeju for an analysis. As a result, in 5 construction sites (about 56% of 9 sites), the index control rate calculated based upon historical data-based estimate system was higher than that calculated based upon standard estimate and construction cost indexes. Thus the establishment of the requirements for the adjustment of contract price due to price fluctuation delays, which leads to a significant difference in price fluctuation amount. And, in an analysis of construction cost indexes, the indexes for road construction were used for calculating index control rate which ranges from 2.0 to 9.4 percent, indicating the time of construction amount and price fluctuation application has a significant influence on index control rate.

• Proceedings of the Korean Institute Of Construction Engineering and Management
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• 2006.11a
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• pp.444-447
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• 2006

Construction managers need to pay a close attention to the resource utilization in order to deliver the construction project successfully. Construction scheduling is crucial for resource control in that it provides information when and how much to bring down work force to sites. In scheduling, activity duration is projected based on the productivity of historical data or the intuition of scheduler. This paper studies the opportunity of applying cost-based productivity for estimating activity duration. For cost-based productivity, the cost of resource is used as an input and the work quantities as an output. Out of historical data, regression model has been developed to understand the validity of applying cost-based productivity in projecting activity duration. The result of study will work as a prerequisite for implementing the environment of database-based construction scheduling.

• International conference on construction engineering and project management
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• 2013.01a
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• pp.488-493
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• 2013

Accurate initial cost estimates are essential to effective management of construction projects where many decisions are made in the course of project management by referencing the estimates. In practice, the initial estimates are frequently derived from historical actual cost data, for which standard distribution-based techniques are widely applied in the construction industry to account for risk associated with the estimates. This approach assumes the same probability distribution of estimate errors for any selected estimates. This assumption, however, is not always satisfied. In order to account for the probabilistic nature of estimate errors, an alternative method for measuring the risk associated with a selected initial estimate is developed by applying the Bayesian probability approach. An application example include demonstrates how the method is implemented. A hypothesis test is conducted to reveal the robustness of the Bayesian probability model. The method is envisioned to effectively complement cost estimating methods that are currently in use by providing benefits as follows: (1) it effectively accounts for the probabilistic nature of errors in estimates; (2) it is easy to implement by using historical estimates and actual costs that are readily available in most construction companies; and (3) it minimizes subjective judgment by using quantitative data only.

• Journal of the Korean Operations Research and Management Science Society
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• v.39 no.3
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• pp.51-61
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• 2014

In this paper, we deal with developing a cost estimation relationships (CER) for Korean maneuverable weapons systems using historical production cost. To develop the CER, we collected the historical data of the production cost of four tanks and five armored vehicles. We also analyzed the Required Operational Capability (ROC) of the weapons systems and chose cost drivers that can compare operational capabilities of the weapons systems We used Forward selection, Backward selection, Stepwise Regression and $R^2$ selection as the cost drivers which have the greatest influence with the dependent variables. And we used Principle Component Regression, Robust Regression and Weighted Regression to deal with multicollinearity and outlier among the data to develop a more appropriate CER. As a result, we were able to develop a production cost CER for Korean maneuverable weapons systems that have the lowest cost errors. Thus, this research is meaningful in terms of developing a CER based on Korean original cost data without foreign data and these methods will contribute to developing a Korean cost analysis program in the future.

• Journal of the military operations research society of Korea
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• v.36 no.1
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• pp.29-38
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• 2010

In Korea weapon system acquisition processes, it's required a cost estimation report obtained from a commercial cost model. The PRICE model is generally used as a cost estimation model in Korea. However, the model uses American historical R&D data and it's output cost component is different from our cost component of defense accounting system. Also, we found that estimating results show about 10% of difference when we comparing with actual costs in 44 finished weapon acquisition projects. There are some limitations in calibration to increase an accuracy of the PRICE model because it's difficult obtain good real input data, detailed cost and technical data in low level WBS. So, only 8% of the defense R&D projects are calibrated and validation of calibration results is more difficult. Therefore, we studied the standard calibration process and performed the calibration about the MCPLXS/E parameters of the PRICE model based on actual cost data. In order to obtain a good calculation result, we collected the actual material costs from the defense industry companies. Our results can be used for an reference in similar weapon system R&D and production cost estimation cases.

• The Journal of Asian Finance, Economics and Business
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• v.9 no.8
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• pp.71-80
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• 2022

This study aims to investigate the effects of fair value valuation of biological assets and bearer plants measured at historical cost on the cost of third-party capital. The study contributes to the agricultural sector and the International Accounting Standard - IAS 41, which has been modified to remove the requirement to apply fair value for bearer plants, one of the primary biological assets with no active market. For this, 182 companies from 39 countries were studied in the years 2020 and 2021, with information taken from the Thomson Reuters Eikon platform. The methodology involves regression by the ordinary least squares method based on the model of Daly and Skaife (2016). The results show that the biological asset at fair value does not influence the cost of debt and that the measurement of bearer plants at historical cost has no effect on the cost of debt. Fair value did not change the perceived cost of debt of the analyzed companies in the studied period, contrary to Daly and Skaife (2016). Finally, the cost of third-party capital can be influenced by other aspects related to profit quality, which were not examined in this paper, such as profit management.