• Title/Summary/Keyword: Lower cost

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Economic Selection of the Lower Limit and the Process Mean for a Continuous Production Process (연속생산공정에서 규격하한과 공정평균의 경제적 설정)

  • Hong, Sung-Hoon;Lim, Hoon
    • Journal of Korean Society for Quality Management
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    • v.23 no.3
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    • pp.20-32
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    • 1995
  • This paper is concerned with the economic selection of both the lower limit and the process mean for a continuous production process. Consider a production process where items are produced continuously. All of the items are subject to acceptance inspection. The items for which the measured values of the quality characteristic are larger than the lower limit are accepted, and those smaller than the lower limit are rejected and excluded from shipment. The process mean may be set higher to reduce the costs incurred by imperfect quality. Using a higher process mean, however, results in a higher production cost when production cost is an increasing function of the quality characteristic. Assuming that the quality characteristic is normally distributed with known variability, cost models are constructed which involve production cost, cost incurred by imperfect quality, rejection cost, and inspection cost. Methods of finding optimal values of the lower limit and the process mean are presented and numerical examples are given.

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The Study on the Cost Analysis Based on ABC System in Clinical Laboratory (활동기준원가시스템을 이용한 임상병리과 검사 서비스 원가 분석)

  • 전기홍;김보경;안태식;조우현
    • Health Policy and Management
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    • v.8 no.2
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    • pp.88-109
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    • 1998
  • The main purpose of this study is to compare the traditional cost system and ABC(Activity Based Cost) system of clinical laboratory department in a hospital. The study subject was 296 services in clinical laboratory from March, 1997 to August, 1997. In a new costing system, cost for a lab test consist of direct cost element, activity based cost element, and allocated common cost element. In a traditional cost system, cost elements included direct cost element and indirect cost allocated based on test volumes The major findings of this research were as follows. 1. In the application of ABC system, total cost was analyzed as follows. Direct cost was 39.3% of total cost. Activity cost and allocation were 20.9% and 39.8%, respectively. The results of analysis to use traditional cost system were as follows. Direct cost was 39.3% and it was as same as the result of direct cost of ABC system. Indirect cost was 60.7%. 2. Activities of clinical laboratory of subject hospital were registration, pre-test operation, test, test result handling, delivery, culture, post-test operation, technical support, management support, and educational support. 3. The differences of the case of higher number of test case being carried out, the cost of ABC system was lower than the cost of traditional cost system. Otherwise in the case of lower number of test case being carried out, the rests have not been appropriately evaluated, and effective management were needed in clinical laboratory.

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Design of Torsion-typed Smooth Picture Actuator for DLP Projection TV

  • Moon, Yang-Ho
    • 한국정보디스플레이학회:학술대회논문집
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    • 2006.08a
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    • pp.564-568
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    • 2006
  • Smooth picture module is operated by vibration to tilt the light from the DMD (digital micro mirror device) of DLP projection TV, which makes the screen of the TV smoother and DMD chip cost lower. To satisfy the vibration characteristics of smooth picture module, it is designed by optimizing moment of inertia, spring constant and damping coefficient, using structural and fluid dynamic simulation that showed a good agreement with experimental data. To reduce the material cost and moment of inertia, engineering plastic is used and the reliability is estimated. A VCM (voice coil motor) type actuator for smooth picture has to satisfy performance requirements such as higher driving force, lower power consumption, and lower cost. The initial design and optimization for VCM was performed using FE analysis. It allowed us to optimize the design of magnetic circuit of the proposed actuator to obtain higher force while maintaining a lower cost.

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Determination of Optimal Mean Value and Screening Limit for a Production Process with Logistic Function (로지스틱 함수를 갖는 생산공정에 대한 최적공정평균 및 스크리닝 한계선의 결정)

  • Hong, Sung Hoon
    • Journal of Korean Institute of Industrial Engineers
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    • v.29 no.3
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    • pp.239-246
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    • 2003
  • Individual items are produced continuously from an industrial process. Each item is checked to determine whether it satisfies a lower screening limit for the quality characteristic which is the weight of an expensive ingredient. If it does, it is sold at a regular price; if it does not, it is reprocessed or sold at a reduced price. The process mean may be adjusted to a higher value in order to reduce the proportion of the nonconforming items. Using a higher process mean, however, may result in a higher production cost. In this paper, the optimal process mean and lower screening limit are determined in situations where the probability that an item functions well is given by a logistic function of the quality characteristic. Profit models are constructed which involve four price/cost components; selling prices, cost from an accepted nonconforming item, and reprocessing and inspection costs. Methods of finding the optimal process mean and lower screening limit are presented and numerical examples are given.

Cost Estimation of Intermittent Aerobic Digestion (간헐포기소화의 비용 평가)

  • Kim, Woon Joong;Kim, Seong Hong;Kim, Hee Jun
    • KSCE Journal of Civil and Environmental Engineering Research
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    • v.26 no.1B
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    • pp.113-118
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    • 2006
  • Cost estimation of an intermittent aerobic digestion technology was carried out in this study. Aeration ratio is one of the most important design factors and it affects installation and power consumption cost. For the purpose, digestion efficiency was fixed at 35% of SS reduction and the reactor type was assumed a 2-chamber sequencing batch reactor (SBR). Installation cost and power consumption cost were evaluated and converted in terms of present value that could reflect the rate of discount and the rate of economic growth. The lower aeration ratio needs higher installation cost but lower power consumption cost. From the point of only installation cost, conventional aerobic digestion is cheaper than intermittent aerobic digestion. But intermittent aerobic digestion is better economical for more than 10 years of estimated service life. The optimal aeration ratio was dependent on the service life and it was lower as the estimated service life increased. For the 45 years as the service life, the optimal aeration ratio was estimated 0.3 and the total cost was 64% of the conventional aerobic digestion.

Dual Select Diode AMLCDs;A Path Towards Scalable Two Mask Array Designs

  • Boer, Willem Den;Smith, G. Scott
    • 한국정보디스플레이학회:학술대회논문집
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    • 2004.08a
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    • pp.383-388
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    • 2004
  • In this paper an alternative Active Matrix LCD technology is described with scalable, low cost processing. The Dual Select Diode AMLCD requires 60% lower capital investment in the array process than a-Si TFT arrays and results in 20% lower cost LCD modules. Development at several AMLCD manufacturers is in progress.

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The effect of domain understanding on IT outsourcing performance based on a learning model of IT outsourcing (IT아웃소싱 환경에서 도메인이해도가 성과에 미치는 영향: 조직학습, 지식이전 및 아웃소싱비율의 조절효과를 중심으로)

  • Won, Youshin;Lee, Choong C.;Yun, Haejung
    • Knowledge Management Research
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    • v.17 no.2
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    • pp.205-229
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    • 2016
  • Owing to the current economic downturn, one of the most important goals of the organizations who are actively involved in Information Technology Outsourcing (ITO) is the cost efficiency. We focus on supplier firm's domain understanding to make the cost efficiency; therefore, we examine how the disadvantages from lower domain knowledges affect outsourcing performance moderated by outsourcing ratio and knowledge change environments. That is, if clients can endure disadvantage from service providers' lower domain knowledge, they can achieve cost efficiency by choosing lower domain knowledge suppliers with less expensive cost. To examine performance gap depending on the environments, we applied 'A Learning Model of IT Outsourcing' which is suggested by previous literature. As a result, we suggest five strategies for clients to contract with suppliers which have lower domain knowledge: (1) Prepare the strategy to endure disadvantages from the early stage. (2) Make the strategy depending on outsourcing ratio. (3) Knowledge transfer between organizations is important. (4) Make a short-term contract if they do not have good environments for organizational learning. (5) Client's knowledge change environments are more important than those of supplier's. Finally, we offer various implications for clients and suppliers in IT outsourcing.

An Analysis on the Invest Determinants of CDM Project: Evidence from Waste Handling and Disposal Sector (CDM 사업부문별 투자비용 결정요인 분석: 폐기물 부문을 대상으로)

  • Kim, Jihoon;Lim, Sungsoo
    • Korean Journal of Organic Agriculture
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    • v.28 no.4
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    • pp.535-553
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    • 2020
  • In this study, the characteristics of the waste sector CDM project were analyzed through cluster analysis of the waste sector CDM project and the analysis of the CDM investment cost in waste sector using CDM project data registered with UNFCCC since 2008 when EU ETS phase 2 began. As of September 2020, 772 cases of CDM projects in waste disposal and disposal are registered. Biogas technology is the largest, followed by livestock manure processing and biomass production technology. The results of the cluster analysis are summarized as follows: First, on average, projects utilizing AWMS technology are small in size and relatively low in investment costs. This is judged to be relatively low investment costs due to previously attracted foreign investment capital. Second, the average investment cost of CDM projects considered along with waste (No.13), the energy industry (No.1) and agriculture (No.15) was higher than those involving only waste. The analysis of the factors determining the investment cost of the waste sector CDM project showed that, as with cluster analysis, the AWMS technology, which is a livestock manure treatment technology, was lower in the investment cost than those that use other technologies. As a result of multiple regression analysis, the investment cost of the CDM project was analyzed lower in the order of biomass, AWMS, LFG and biogas. Also, the higher the investment cost for CDM projects linked to waste, energy and agriculture, and the better the investment environment, the higher the investment cost. Although no statistical feasibility was obtained, the larger the annual emission reduction, the lower the CDM investment cost.

USING LOCAL FEED MATERIALS FOR FEEDING EGG PRODUCING BIRDS IN THE KINGDOM OF TONGA

  • Ochetim, S.
    • Asian-Australasian Journal of Animal Sciences
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    • v.6 no.4
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    • pp.591-595
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    • 1993
  • A trial involving 200 day-old 288 Shaver chicks in a randomized experimental design tested the effects of using diets based on local feed materials (LF). Commercial imported counterpart feeds (CF) served as control diets. Birds were raised from 0-6 w on Chick Starter feed, from 7-17 w on Pullet Developer feed and from 18 to 72 w on Layer feed. The results obtained indicated that there were no significant differences in the performance of birds fed LF and CF diets during the Chick Starter and Pullet Developer phases. During the Laying phase, there were also no differences in laying percentage, (66 vs 65) and in egg size (62 vs 63 g) between LF and CF diets. Feed cost was lower on LF diet had a better egg yolk colour score, (4 vs 1) than those fed on CF diet. Feed cost was lower on LF than CF diets and the feed cost for producing eggs was approximately 50 percent lower on LF compared to CF (P$ 0.06 vs P$ 0.12). It was concluded that the use of locally available feed resources produces comparable performance to that obtained using commercial imported feeds. Secondly, using local materials markedly reduces feed cost and cost of producing eggs.

Preparation of nanoporous alumina using aluminum chloride via precipitation templating method for CO adsorbent

  • Yeom, Changju;Selvaraj, Rengaraj;Kim, Younghun
    • Journal of Industrial and Engineering Chemistry
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    • v.67
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    • pp.132-139
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    • 2018
  • A cost-effective preparation method is proposed to prepare nanoporous alumina (NA) using aluminum chloride as a precursor with a lower cost than aluminum butoxide. In addition, the surfactant template was replaced with magnesium stearate, which has a lower unit cost in stearate acid. The adsorption isotherm test for the CO gas was carried out to compare the adsorption performance of the NA adsorbents prepared using post-hydrolysis (NA) and cost-effective precipitation (C-NA). In addition, C-NA exhibited a similar uptake capacity as NA, and the maximum uptake capacity of Pd/C-NA increased 1.3 times via Pd nanodots loading.