• Title/Summary/Keyword: Incentive System

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Mean-Variance Analysis for Optimal Operation and Supply Chain Coordination in a Green Supply Chain

  • Yamaguchi, Shin;Goto, Hirofumi;Kusukawa, Etsuko
    • Industrial Engineering and Management Systems
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    • v.16 no.1
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    • pp.22-43
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    • 2017
  • It is urgently-needed to construct a green supply chain (GSC) from collection of used products through recycling of them to sales of products using the recycled parts. Besides, it is necessary to consider the uncertainty in product demand as a risk in a GSC. This study proposes the optimal operations for a GSC with a retailer and a manufacturer. A retailer pays an incentive for collection of used products from customers and sells a single type of products in a market. A manufacturer produces the products ordered by the retailer, using recyclable parts with acceptable quality and compensates the collection cost of used products as to the recycled parts. This paper discusses the following risk attitudes: risk-neutral attitude, risk-averse attitude, and risk-prone attitude. Using mean-variance analysis, the optimal decisions for product order quantity, collection incentive, and lower limit of quality level, in the decentralized GSC (DGSC) and the integrated GSC (IGSC) are made. DGSC optimizes the utility function of each member. IGSC does that of the whole system. The analysis numerically investigates how (i) risk attitude and (ii) quality of recyclable parts affect the optimal operations. Supply chain coordination between GSC members to shift IGSC from DGSC is discussed.

An Improvement Scheme of Direct Load Control Program for Electric Power Demand Management (합리적 전력수요관리를 위한 직접부하제어 사업의 개선 방안)

  • Kim, Kyu-Ho;Choi, Seung-Kil;Song, Kyung-Bin
    • Journal of the Korean Institute of Illuminating and Electrical Installation Engineers
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    • v.21 no.8
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    • pp.81-86
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    • 2007
  • This paper proposes the scheme to improve the current direct load control(DLC) program by inspecting the problems of the DLC program. In order to increase the number of the customers participating DLC program, a reduction of the base incentive and an increase of the direct load control incentive are suggested based on the interruption cost of electric power considering the characteristics of load types and the introduction of demand side bidding is recommended. Secondly, the standards of power system operations is required to control DLC program efficiently for the penalty, interruption times, the number of interrupting loads, notice time for the load interruption and the periods of the DLC program contract.

Changes in Hospital Nurse Staffing after Implementing Differentiated Inpatient Nursing Fees by Staffing Grades (입원환자 간호관리료 차등제 도입이후 간호사 확보수준의 변화)

  • Cho, Sung-Hyun;June, Kyung-Ja;Kim, Yun-Mi;Park, Bo-Hyun
    • Journal of Korean Academy of Nursing Administration
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    • v.14 no.2
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    • pp.167-175
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    • 2008
  • Purpose: To examine the changes in nurse staffing in hospitals after implementing the policy of differentiating inpatient nursing fees by staffing grades. Method: The study sample included 43 tertiary hospitals, 185 general hospitals, and 282 non-general hospitals that were operating in both 1999 and 2008. Nurse staffing grade was categorized from Grade 1 (highest) to 6 (lowest) in 1999 or Grade 7 in 2008, based on the nurse-to-bed ratio. Results: Tertiary hospitals at Grade 3 and Grade 4 accounted for 49% and 35%, respectively, in 2008, whereas 63% were Grade 6 in 1999. General hospitals at Grade 6 decreased from 87% to 48%. In non-general hospitals, little change was found in the staffing distribution, in that 92% still remained in Grade 6 or 7 in 2008. Forty tertiary hospitals (93%) and 45% of general hospitals improved their staffing grades, while only 7% of non-general hospitals did. Greater likelihood of improvement in staffing grades was found in general hospitals located in metropolitan areas or having 250 or more beds. Conclusion: Elaboration of the financial incentive system is needed to increase the policy impact on staffing improvement.

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Optimal Scheduling of Electric Vehicles Charging in low-Voltage Distribution Systems

  • Xu, Shaolun;Zhang, Liang;Yan, Zheng;Feng, Donghan;Wang, Gang;Zhao, Xiaobo
    • Journal of Electrical Engineering and Technology
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    • v.11 no.4
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    • pp.810-819
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    • 2016
  • Uncoordinated charging of large-scale electric vehicles (EVs) will have a negative impact on the secure and economic operation of the power system, especially at the distribution level. Given that the charging load of EVs can be controlled to some extent, research on the optimal charging control of EVs has been extensively carried out. In this paper, two possible smart charging scenarios in China are studied: centralized optimal charging operated by an aggregator and decentralized optimal charging managed by individual users. Under the assumption that the aggregators and individual users only concern the economic benefits, new load peaks will arise under time of use (TOU) pricing which is extensively employed in China. To solve this problem, a simple incentive mechanism is proposed for centralized optimal charging while a rolling-update pricing scheme is devised for decentralized optimal charging. The original optimal charging models are modified to account for the developed schemes. Simulated tests corroborate the efficacy of optimal scheduling for charging EVs in various scenarios.

A Study of Rules in Public Sector Organizations and Forms of Support for Conservation and Practical Use of Architectural Heritage - Focused on the Case of Spain - (건축자산의 실질적 보전 및 활용을 위한 공공의 역할 연구 - 스페인 사례를 대상으로 -)

  • Yoon, Hye-Yeong;Key, Yun-Hwan
    • Journal of the Architectural Institute of Korea Planning & Design
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    • v.36 no.4
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    • pp.93-101
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    • 2020
  • The purpose of this study is to suggest public roles and responsibilities about Architecture Heritage under Act on Value Enhancement of Hanok and Other Architecture Asset by analyzing the Architecture Heritage System of Spain. The case study on Spain, Catalonia, Barcelona's Act of architectural heritage was conducted to analyze the laws and guidelines related to Architectural Heritage and to confirm the perspective on Architectural Heritage and roles by subjects through interviews with the department in charge. The role of the central governments is to the responsibility of preservation that can be offset by create incentives and expand programs to create consensus among citizens. The architecture asset survey, which is the responsibility of the municipal governments, should increase confidence by the detailed survey to define the authority and role of the basic local government. And the municipal governments must increase the architectural heritage more support and incentive. Excellence architectural assets must diversify the range of incentive and preservation, and ask for registration that various subjects can apply it by expanding category of application to public sector, non-governmental organization, citizens rather than an owner.

Interdependence of Corporate Governance Mechanisms and Managers' incentive-compensation system (기업 지배구조 통제장치와경영자 유인보상제도의 상호관련성)

  • Shin, Sung-Wook
    • Management & Information Systems Review
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    • v.35 no.1
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    • pp.287-305
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    • 2016
  • This study confirms that there is a correlation between managers' incentive-compensation system(introduction of the compensation committee) and corporate governance mechanisms (ownership structure, proportion of outside directors, debt ratio, competitive strength), and analyzes whether firm value is affected by corporate governance mechanisms. The purpose of this paper are empirically tested using 318 firm-year data listed on the KRX from 2001 to 2010 and 2SLS(two-stage least square method) were used for the analysis of the hypotheses. The results of empirical tests are as follows. Firstly, there is no correlation between introduction of the compensation committee and corporate governance mechanisms. In addition, the results show that there is a causal relationship between some variables. Secondly, results from the analysis of the impact of corporate governance mechanisms on firm value, only introduction of the compensation committee and foreign investors ownership were analyzed as a positive impact on the firm value. This result means that most domestic firm don't actively used for managers' incentive-compensation system as a useful control device for improving corporate governance.

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A study on the introduction of organic waste-to-energy incentive system(II): material and energy balance of biogasification (유기성폐자원에너지 인센티브제도 도입방안 연구(II): 바이오가스화 물질·에너지수지)

  • Moon, Hee-Sung;Kwon, Jun-Hwa;Lee, Won-Seok;Lee, Dong-Jin
    • Journal of the Korea Organic Resources Recycling Association
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    • v.29 no.4
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    • pp.77-86
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    • 2021
  • In this study, to use as basic data for the organic waste resource energy incentive system, the energy efficiency is evaluated through the mass balance and energy balance calculation results of the anaerobic digester where food waste, food waste leachate and various organic wastes are treated. As a result of the mass balance analysis for 11 biogasification facilities, it was confirmed that 21.1% of process water and 25.7% of tap water were input in large amounts, excluding organic waste. Accordingly, it accounted for 87.6% of the total effluent of linked treated water. In addition, considering that 15.7% of the total input volume is converted to biogas and the average total solids (TS) is 22%, an average material conversion rate of 75% was confirmed. As a result of the energy balance analysis, the energy conversion rate was confirmed to be 78.5% on average by analyzing the biogas calorific value compared to the potential energy of the influent. The average biogas production efficiency including external energy sources for biogas production was 69.4%, and the biogas plant efficiency to which unused effluent energy was applied was 58.9% on average.

Status and Response Strategies of Carbon Labeling in Landscape Architecture (조경분야 탄소성적표지제도 적용실태 및 대응전략)

  • Kim, Jeong-Ho;Yoon, Yong-Han
    • Journal of Environmental Science International
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    • v.24 no.6
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    • pp.709-720
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    • 2015
  • After analyzing the actual acquisition status of carbon labeling by year and by product for the past four years, as well as its certification in the construction-related sectors of greenhouse gas emission, this study attempted to present the problems and coping strategies upon issuing the carbon labeling certification in the landscape architecture. During the period of this analysis, the carbon labelings were acquired by 134 enterprises, 267 workplaces, and 735 products, while the percentage of acquisition was highest in the regular non-durable goods(49%), followed by energy-consuming durable goods(26%), regular production goods (19%), regular durable goods(3%), and service(3%). Furthermore, the acquisition certifications in construction sectors, were highest in the various pipes/panel(8 cases), followed by concrete(6 cases), gypsum board(4 cases), and landscape architecture materials(2 cases). The landscape architecture only had two cases in the acquisition certification for the first time in 2012, which accounted for 0.27% of the entire certification products, due to the uncertainty in the process, the lack of professionalism, and the lack of comprehension. However, the study conducted on the coping strategies for carbon labeling in the landscape architecture revealed the following: (1) regular reporting system management through the division of labor in the head office and factories, (2) the building of objective DB through the adoption of data management programs such as SAP, (3) continuous promotion and vitalization of the incentive system, (4) the adoption of mandatory or preferential application system in landscaping projects, management, and bidding, (5) enhancement of elasticity in deliberation of certification by recruiting experts in the landscape architecture sectors, and (6) provision of incentives for the cooperative firms acquiring the certification and support for their participation.

The Effects of Depreciation Methods on Investment Motivation for Solar Photovoltaic Systems (태양광 설비투자에 대한 제도적 유인방안 연구: 감가상각법의 경제적 효과 분석)

  • Kim, Kyung Nam
    • New & Renewable Energy
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    • v.16 no.4
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    • pp.65-75
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    • 2020
  • The value of tangible assets depreciates over their useful life and this depreciation should be adequately reflected in any tax or financial reports. However, the method used to calculate depreciation can impact the financial performance of solar projects due to the time value of money. Korean tax law stipulates only one method for calculating the depreciation of solar photovoltaic facilities: the straight-line method. Conversely, USA's tax law accepts other depreciation methods as solar incentives, including the modified accelerated cost recovery system (MACRS) and Bonus depreciation method. This paper compares different depreciation methods in the financial analysis of a 10 MW solar system to determine their effect on the financial results. When depreciation was calculated utilizing the MACRS and Bonus depreciation method, the internal rate of return (IRR) was 10.9% and 16.4% higher, respectively, than when the Korean straight-line depreciation method was used. Additionally, the increased IRR resulting from the use of the two US methods resulted in a 20.5% and 27.4% higher net present value, respectively. This shows that changing the depreciation calculation method can redistribute the tax amount during the project period, thereby increasing the discounted cash flow of the solar project. In addition to increasing profitability, USA's depreciation methods alleviate the uncertainty of solar projects and provide more flexibility in project financing than the Korean method. These results strongly suggest that Korean tax law could greatly benefit from adopting USA's depreciation methods as an effective incentive scheme.

Case Study Plan for Information Security SLA Performance System in Public Sector (공공부문 정보보안 SLA 성과체계 사례연구)

  • Jeong, Jae Ho;Kim, Huy Kang
    • Journal of the Korea Institute of Information Security & Cryptology
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    • v.31 no.4
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    • pp.763-777
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    • 2021
  • Information security started as an IT operation process and is now recognized as an important issue of information technology, and each international organization is newly defining the concept. Information security itself is a new combination of IT technologies, a set of technologies and a technology area. As IT outsourcing becomes common in many public sectors, SLAs are introduced to evaluate the level of IT services. In the area of information security, many studies have been conducted on the derivation and selection of SLA performance indicators, but it is difficult to find a way to apply the performance indicators to service level evaluation and performance systems. This thesis conducted a study on the application of a service evaluation system for information security performance indicators based on the public sector and a performance system including compensation regulations. It presents standards and rewards(incentive and penalty) that define expectation and targets of performance indicators that take into account the environment and characteristics of a specific public sector, and defines appropriate SLA costs. It proposes a change plan for the organizational structure for practical SLA application and service level improvement.