• Title/Summary/Keyword: Minimum cost

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A Study on the Economical Design of Sampling Plan for Rectifying Inspection by Attribute (계수(計數) 선별형검사(選別型檢査) 설계(設計)의 경제성(經濟性)에 관한 연구(硏究))

  • Kim, Yun-Seon;Hwang, Ui-Cheol
    • Journal of Korean Society for Quality Management
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    • v.9 no.1
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    • pp.40-45
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    • 1981
  • This paper deals with an economical sampling plan, recently being concentrated on and, namely, investigates how to determine the basic concepts to settle the sampling plan of a minimum cost. On an inspection of sampling, a Linear Cost Model of a cost function which is concerned with the representative cost dements, is established and by the investigation of its possible solution economical single sampling plan for recitying inspection by attribute is suggested.

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A Study of Variations in Cost-of-Living Index (도시가계 생계비 산정기준의 다양화를 위한 연구)

    • Journal of Families and Better Life
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    • v.15 no.4
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    • pp.137-148
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    • 1997
  • The purpose of this study is to set the various cost-of-living standards utilizing a published national data. 1995 annual data, The Family Income and Expenditure Survey, were used to set the standards of living. Four index reflecting health and decency level, normal level, minimum of health and decency level, and pauper level were suggested and the cost-of-living of each level were estimated. Results showed that cost-of-living estimated in this study were not quite different from those of former studies, but the name of the standard-of-living need to be changed.

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Single-period Stochastic Inventory Problems with Quadratic Costs

  • Song, Moon-Ho
    • Journal of the military operations research society of Korea
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    • v.5 no.2
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    • pp.15-25
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    • 1979
  • Single-period inventory problems such as the newspaper boy problem having quadratic cost functions for both shortages and overage are examined to determine the optimal order level under various principles of choice such as minimum expected cost, aspiration level, and minimax regret. Procedures for finding the optimum order levels are developed for both continuous and discrete demand patterns.

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Efficient Construction of Large Scale Grade of Services Steiner Tree Using Space Locality and Polynomial-Time Approximation Scheme (공간 지역성과 PTAS를 활용한 대형 GOSST의 효과적 구성)

  • Kim, In-Bum
    • Journal of the Korea Society of Computer and Information
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    • v.16 no.11
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    • pp.153-161
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    • 2011
  • As the problem of GOSST building belongs to NP compete domain, heuristics for the problem ask for immense amount execution time and computations in large scale inputs. In this paper, we propose an efficient mechanism for GOSST construction using space locality PTAS. For 40,000 input nodes with maximum weight 100, the proposed space locality PTAS GOSST with 16 unit areas can reduce about 4.00% of connection cost and 89.26% of execution time less than weighted minimum spanning tree method. Though the proposed method increases 0.03% of connection cost more, but cuts down 96.39% of execution time less than approximate GOSST method (SGOSST) without PTAS. Therefore the proposed space locality PTAS GOSST mechanism can work moderately well to many useful applications where a greate number of weighted inputs should be connected in short time with approximate minimum connection cost.

Calculation of ESS Capacity of Industrial Customer through Economic Analysis (경제성 분석을 통한 산업용 수용가의 ESS 설치 용량 산정)

  • Hong, Jong-Seok;Chai, Hui-Seok;Moon, Jong-Fil
    • The Transactions of the Korean Institute of Electrical Engineers P
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    • v.64 no.4
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    • pp.273-276
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    • 2015
  • In this paper, ESS capacity installed in industrial customer is calculated using economic analysis. To do this, electric charge for industrial customer is analyzed and power management system(PMS) of ESS is selected. Reduction of kW cost and kWh cost are set to 'benefit' according to operation of ESS. Also, installation cost and maintenance cost of ESS are set to 'cost'. Proper ESS capacity is determined as a result of benefit-to-cost(B/C) analysis according to the variation of ESS installation cost. In case study, B/C is analyzed for the specific industrial customer and minimum capacity of ESS to make a profit are proposed for the customer.

An Analysis of Optimal Production Scales by Greenhouse Types using Long-run Average Cost in Controlled Tomato (비닐하우스 토마토의 온실유형에 따른 장기평균비용을 고려한 적정 생산규모 분석)

  • Rhee, Zae-Woong;Hong, Na-Kyoung;Kim, Tae-Kyun
    • Journal of The Korean Society of Agricultural Engineers
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    • v.57 no.5
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    • pp.29-35
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    • 2015
  • The optimal greenhouse scales for controlled tomato should be studied because the increase of oil price and labor costs following the shortage of workforce makes greenhouse cultivation hard to gain profits. The purpose of this study is to estimate optimal production scales by greenhouse types for controlled tomato. The translog cost function is estimated based on the production cost survey data. The results can be summarized as follows: First, the average production cost of controlled tomato per kg decreases as the production scale increases. Second, according to the tomatoes farm of standard farming income data of RDA, the minimum production scale is 23 ton. Third, the estimated output of single-span greenhouse considering production scale with minimum average cost is 345 ton and production cost per kg is 1,476 won. The corresponding figures of multi-span greenhouse are 415 ton and 936 won, respectively. The study results can be used as basic materials for efficient decision making of tomato farmhouses and novice farmers. Also, the study shows that multi-span greenhouse should be encouraged to be built, since it requires lower marginal cost than single greenhouse. The results of this paper will help increase the income of farmhouses and cut expenses for the coming years.