• Title/Summary/Keyword: Operational Cost

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The Mitigation Model Development for Minimizing IT Operational Risks (IT운영리스크 최소화를 위한 피해저감모델 구현에 관한 연구)

  • Lee, Young-Jai;Hwang, Myung-Soo
    • Journal of Information Technology Applications and Management
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    • v.14 no.3
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    • pp.95-113
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    • 2007
  • To minimize IT operational risks and the opportunity cost for lost business hours. it is necessary to have preparedness in advance and mitigation activities for minimization of a loss due to the business discontinuity. There are few cases that banks have a policy on systematic management, system recovery and protection activities against system failure. and most developers and system administrators response based on their experience and the instinct. This article focuses on the mitigation model development for minimizing the incidents of disk unit in IT operational risks. The model will be represented by a network model which is composed of the three items as following: (1) the risk factors(causes, attributes and indicators) of IT operational risk. (2) a periodic time interval through an analysis of historical data. (3) an index or an operational regulations related to the examination of causes of an operational risk. This article will be helpful when enterprise needs to hierarchically analyze risk factors from various fields of IT(information security, information telecommunication, web application servers and so on) and develop a mitigation model. and it will also contribute to the reduction of operational risks on information systems.

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An Application of Harmony Search Algorithm for Operational Cost Minimization of MicroGrid System (마이크로 그리드 운영비용 최소화를 위한 Harmony Search 알고리즘 응용)

  • Rhee, Sang-Bong;Kim, Kyu-Ho;Kim, Chul-Hwan
    • The Transactions of The Korean Institute of Electrical Engineers
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    • v.58 no.7
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    • pp.1287-1293
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    • 2009
  • This paper presents an application of Harmony Search (HM) meta-heuristic optimization algorithm for optimal operation of microgrid system. The microgrid system considered in this paper consists of a wind turbine, a diesel generator, and a fuel cell. An one day load profile which divided 20 minute data and wind resource for wind turbine generator were used for the study. In optimization, the HS algorithm is used for solving the problem of microgrid system operation which a various generation resources are available to meet the customer load demand with minimum operating cost. The application of HS algorithm to optimal operation of microgrid proves its effectiveness to determine optimally the generating resources without any differences of load mismatch and having its nature of fast convergency time as compared to other optimization method.

Cost Management for Security Applications

  • Arshi Naim;Zubairul Hasan
    • International Journal of Computer Science & Network Security
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    • v.24 no.7
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    • pp.63-72
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    • 2024
  • This is an extended paper, focusing on the cost management for the organizations dealing with the crucial issues of security systems. Information Technology (IT) is an important and irreplaceable need of society and all working sector's success depends on IT to a greater extent; therefore maintaining security features is one of the most important aspects of IT. When security in the IT sector is discussed, Patch Management (P.Mgnt) has to be taken under account. P. Mgnt includes many concerns and areas to be described for IT security such as methods and problems in updating patch, methods of reducing security risks with P.Mgnt, methods of achieving economies of scale by controlling the operational costs and taking decisions in investing as and when necessary. This paper presents a general definition of Patch management, its benefits and management of working cost through theoretical models, also the paper gives methods of feeding techniques for microstrip patch antenna MPA, showing the contracting and non contracting methods.

A Study on the Repair Parts Inventory Cost Estimation and V-METRIC Application for PBL Contract (PBL 계약을 위한 수리부속 재고비용 예측과 V-METRIC의 활용에 관한 연구)

  • Kim, Yoon Hwa;Lee, Sung Yong
    • Journal of the Korean Society of Systems Engineering
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    • v.13 no.1
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    • pp.79-88
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    • 2017
  • For the PBL contract, it is necessary for the contracting parties to share information regarding the reasonable inventory-level and the cost of its repair parts for the estimated demand. There are various models which can be used for this purpose. Among them, V-METRIC model is considered to be the most efficient and is most frequently applied. However, this model is usually used for optimizing the inventory level of the repair parts of the system under operation. The model uses a time series forecast model to determine the demand rate, which is a mandatory input factor for the model, based on past field data. However, since the system at the deployment stage has no operational performance record, it is necessary to find another alternative to be used as the demand rate of the model application. This research applies the V-METRIC model to find the optimal inventory level and cost estimation for repairable items to meet the target operational availability, which is a key performance indicator, at the time of the PBL contract for the deployment system. This study uses the calculated value based on the allocated MTBF to the system as the demand rate, which is used as input data for the model. Also, we would like to examine changes in inventory level and cost according to the changes in target operational availability and MTBF allocation.

Analysis of Operational Issues for ICT-based On-Board Train Control System (ICT 기반 차상제어시스템 개발에 따른 운영 이슈 분석)

  • Kim, Young-Hoon;Choi, Won-Suk
    • Journal of the Korean Society for Railway
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    • v.14 no.6
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    • pp.575-583
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    • 2011
  • In order to minimize the maintenance cost at local lines, Information & Communication Technology based onboard train control system is being developed. Unlike the central traffic control based fixed block system, this system use a moving block method and railway driver direct control switch and railway crossing. The purpose of this paper is to analyze the concerned main operational issues are as follows: the preparation of train operation, drivability, the role of driver and controller, block system and cost. We defined the role of driver and driver's input data for train service, and we designed the business process of driver using UML tool. We considered the aspect of drivability, DMI is needed to support the braking moment for the driver and driver training simulator. We designed the driver business process for control of switch and railway crossing. We analyzed the fixed block system and moving block system to confirm the difference with the existing operational method. The cost analysis structure is also needed for the operation cost comparison.

A Study on Models of Data Consolidation Center for Multi-Organization in Public Sector (공공부문 다기관 통합전산센터 모형에 관한 연구)

  • Lim, Sung-Mook;Lee, Yeong-Jae
    • IE interfaces
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    • v.18 no.4
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    • pp.418-430
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    • 2005
  • We establish an efficient strategy for construction and operation of data consolidation center for multi-organization in public sector. First, we introduce important concepts on data consolidation center in public sector, and draw some success factors by analyzing several foreign and domestic cases. Second, we construct all the possible logical operational models of the center and investigate the properties and feasibility of the models. Third, we suggest a virtual operational environment for the two representative models selected by feasibility criteria among the possible logical models, and compare the two models in terms of operational cost. We also utilize AHP methodology to evaluate qualitative opinions on the two models from several experts in public information systems. As a result, we find the best alternative is the case in which all infrastructure and facilities for the center are provided by government, and common essential IT operations are integrated, associated data are consolidated and the whole operational work are outsourced to specialized IT operations service providers.

An empirical study on the relationship between Total Quality Management Practices and Operational Performance depending on Functional Organization Types (기능적 조직 형태에 따른 TQM 실행요소와 운영성과간의 관계에 관한 연구)

  • Lee Wook-Gee
    • Journal of Korean Society of Industrial and Systems Engineering
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    • v.27 no.2
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    • pp.1-9
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    • 2004
  • This study aims to examine the relationship between total quality management(TQM) practices and operational performance perceived by employees who are in different functional organization types, R&D function and Non-R&D function organization in manufacturing companies. Operational performance is defined as the degree of operation efficiency in the perspective of quality, delivery, and cost. Our study showed that the significant elements of TQM practice were different depending on functional organization types. In case of R&D organization, the categories of customer focus and process management were the strongest significant predictors of operational performance. Therefore, the optimal TQM practices for R&D organization can be obtained in consideration of customer focus and process management.

CONSTRUCTION EQUIPMENT ACTIVITY RECOGNITION FROM ACCELEROMETER DATA FOR MONITORING OPERATIONAL EFFICIENCY AND ENVIRONMENTAL PERFORMANCE

  • Changbum R. Ahn;SangHyun Lee;Feniosky Pena-Mora
    • International conference on construction engineering and project management
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    • 2013.01a
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    • pp.188-195
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    • 2013
  • Construction operations generate a significant amount of air pollutant emissions, including carbon emissions. The environmental performance of construction operations is closely relevant to the operational efficiency of each resource employed, which indicates how efficiently each resource (e.g., construction equipment) is utilized. In this context, monitoring the operational efficiency of construction equipment provides key information in managing and improving the environmental performance and productivity of construction operations. In this paper, we report our efforts to measure the operational efficiency of construction equipment, using low-cost accelerometers. An experimental study and real-world case studies are conducted to demonstrate the feasibility of the proposed approach. The results have shown the potential of this approach as an economically feasible means of monitoring the environmental performance of construction operations.

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Analysis of Current Operational Practices and Issues of Contract-Managed Foodservice Companies in Republic of Korea (위탁급식 전문업체의 운영 현황 조사 및 현안과제 분석)

  • Eom, Yeong-Ram;Ryu, Eun-Sun
    • Journal of the Korean Dietetic Association
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    • v.9 no.3
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    • pp.197-208
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    • 2003
  • This study was surveyed to provide the information on current operational practices and issues of contract-managed foodservice companies. Questionnaires were distributed to 79 contract-managed foodservice companies (eight large-size, 48 mid-size, 23 small-size companies) from March to May in 2002. The contract-managed foodservice companies provided averages of 269,184 (range 140,036-503,500), 14,837 (range 450-75,269), and 4,065 (range 930-8,050) meals daily from large, medium, and small-size companies, respectively. The companies managed to averages of 268.2 (160-619) foodservice contracts at large-size companies, 21.9 (5-63) contracts at mid-size companies, and 4.7 (1-10) contracts at small-size companies. The average numbers of dietitians were 298.6 (range 104-671) in large-size companies, 22.2(6-86) in mid-size companies, and 3.8(1-9) in small-size companies. The averages of sales were 156.5 billion at large-size companies, 6.7 billion at mid-size companies, and 1.7 billion at small-size companies in 2001. The contract was two types including management fee contract(5%), and profit and loss contract(95%). The cost ratios for office foodservice were 59.5% at food cost, 24.2% at labor cost, 6.3% at profit, and 10.1% at other cost. For hospital foodservice, the ratios were 54.0% at the food cost, 34.6% at labor cost, 3.0% at profit, and 11.8% at other cost. For high school foodservice, the ratios were 62.2% at the food cost, 21.5% at labor cost, 5.4% at profit, and 11.2% at other cost. When the contractors managed to the foodservice, the most important matters were the sanitation management and customer satisfaction. Also, the difficult problems were excess investment of equipments and low meal prices.

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Analysis of Operational Meal Costs and Operator Perception of Optimal Price through an Application of the Price Sensitivity Measurement (PSM) Technique by the Size of Kindergartens (서울시 유치원 규모별 급식비 운영실태 및 PSM 분석을 활용한 적정 급식비 인식분석)

  • Park, Moon-kyung;Shin, Seoyoung;Kim, Hyeyoung;Lee, Jinyoung;Kim, Yoonji
    • Journal of the Korean Society of Food Culture
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    • v.37 no.4
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    • pp.335-344
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    • 2022
  • The study was aimed to investigate the operational meal costs by kindergarten size in Seoul and to analyze recognition for optimal meal prices. A survey (31.6% recovery rate) was conducted on all kindergartens (779 kindergartens) in Seoul on April 2021 using descriptive analysis, t-test, and dispersion method. A price sensitivity measurement (psm) method was used to determine optimal meal prices. Result showed an average food cost for kindergartens of 2,647 won, an average labor cost of 605 won, an average operating cost of 146 won, and the total meal cost of 3,506 won. Total meal cost decreased with increasing kindergarten size (p<0.001). On the other hand, kindergartens with more students decreased the ratio of food cost to total meal cost, and operating cost and labor costs (p<0.001) increased. The optimal price of kindergarten operators' meal cost (OPP) was KRW 3,673. Furthermore, the analysis showed the sensitivity of operators' meal costs to kindergarten size was insignificant.