• Journal of Korean Society of Industrial and Systems Engineering
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• v.44 no.4
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• pp.136-144
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• 2021

This study focuses on the necessity of MOT methods in companies, especially the utilization level. Based on the analysis structure of the previous study (2012), this study was conducted to compare the results with the previous results. We investigated the settlement level of MOT, the degree of necessity for MOT methods, the degree of actual use, and the Product Realization Process (PRP) for MOT-related researchers in electronic companies (n=184). It was confirmed that the higher the demand for MOT methods in the corporate field, the higher the utilization level (ratio). In particular, the need for and utilization of techniques such as Environmental Analysis, Business Opportunity Analysis, Project Feasibility Review, Roadmap, Risk Management was high. These methods were beneficial along with cost management and quality management techniques. The most challenging part of using MOT methods was the lack of systematic use, the absence of experts, and the difficulty in selecting suitable techniques. The necessity of opening subjects such as Creative Thinking, Communication, Teamwork, and Professional Ethics was high among the PRP subjects. Furthermore, the necessity of opening courses in Cost and Safety Design and Applied Statistics was higher than in the previous study.

• Steel and Composite Structures
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• v.44 no.5
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• pp.603-617
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• 2022

Structural design, in general, is developed through trial and error technique which is guided by standards criteria and based on the intuition and experience of the engineer, a context that leads to structural over-dimensioning, with uneconomic solutions. Aiming to find the optimal design, structural optimization methods have been developed to find a balance between cost, structural safety, and material performance. These methods have become a great opportunity in the steel structural engineering domain since they have as their main purpose is weight minimization, a factor directly correlated to the real cost of the structure. Assuming an objective function of minimum weight with stress and displacement constraints provided by Brazilian standards, the present research proposes the sizing optimization and combined approach of sizing and shape optimization, through a software developed to implement the Simulated Annealing metaheuristic algorithm. Therefore, two steel plane frame layouts, each admitting four typical truss geometries, were proposed in order to expose the difference between the optimal solutions. The assessment of the optimal solutions indicates a notable weight reduction, especially in sizing and shape optimization combination, in which the quantity of design variables is increased along with the search space, improving the efficiency of the optimal solutions achieved.

• Asia pacific journal of information systems
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• v.30 no.4
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• pp.879-918
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• 2020

One of the challenges faced by Talent Acquisition teams today pertains to the acquisition of human resources by matching job descriptions and skillsets desired. It is more so in the case of competitive sectors like the Indian IT sector. There can be various channels for Talent Acquisition and accordingly, the cost and benefits might vary. However, the consequences of a mismatch have an impact on the quality of deliverables, high recruitment expenses and loss of revenue for the organization. With increased and diverse sources of data that are available to organizations today, there is ample opportunity to apply analytics for informed decision making in this field. This paper reveals useful insights that help streamline the Talent Acquisition process in the Indian IT Industry. The paper adopts a data-centric approach to examine the critical determinants for efficient and effective Talent Acquisition process in IT organizations. Selected supervised machine learning algorithms are applied for the analysis of the dataset. The study is likely to help organizations in reassessing their talent acquisition strategy with respect to key parameters like expected cost to company (CTC), candidate sourcing channels and optimal joining period.

• Asian Pacific Journal of Cancer Prevention
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• v.17 no.2
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• pp.791-797
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• 2016

Background: Punjab state is particularly reporting a rising burden of cancer. A 'door to door cancer awareness and early detection campaign' was therefore launched in the Punjab covering about 2.67 million population, wherein after initial training accredited social health activists (ASHAs) and other health staff conducted a survey for early detection of cancer cases based on a twelve point clinical algorithm. Objective: To ascertain unit cost for undertaking a population-based cancer awareness and early detection campaign. Materials and Methods: Data were collected using bottom-up costing methods. Full economic costs of implementing the campaign from the health system perspective were calculated. Options to meet the likely demand for project activities were further evaluated to examine their worth from the point of view of long-term sustainability. Results: The campaign covered 97% of the state population. A total of 24,659 cases were suspected to have cancer and were referred to health facilities. At the state level, incidence and prevalence of cancer were found to be 90 and 216 per 100,000, respectively. Full economic cost of implementing the campaign in pilot district was USD 117,524. However, the financial cost was approximately USD 6,301. Start-up phase of campaign was more resource intensive (63% of total) than the implementation phase. The economic cost per person contacted and suspected by clinical algorithm was found to be USD 0.20 and USD 40 respectively. Cost per confirmed case under the campaign was 7,043 USD. Conclusions: The campaign was able to screen a reasonably large population. High to high economic cost points towards the fact that the opportunity cost of campaign put a significant burden on health system and other programs. However, generating awareness and early detection strategy adopted in this campaign seems promising in light of fact that organized screening is not in place in India and in many developing countries.

• Korean Journal of Agricultural Science
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• v.35 no.1
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• pp.85-100
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• 2008

The United States Department of Agriculture (USDA) funded collaborative project on The Economic Feasibility Analysis of Crop Cultivation Practice Project in Pirganj and Kurigram Districts in Bangladesh will started during 2008-2012, for 4 years with total project cost of US$ 571,270. The project will be implemented in 6 villages; has 1,097 hectares areas which is divided into 948 hectares of agricultural land, 52 hectares of forest land and 345 hectares of other land, covered 1,059 households equal to 5,305 persons in Pirganj and Kurigram districts The project has proposed to be implemented in joint collaboration by Bangladesh Agricultural Research Council (BARC), Bangladesh Agricultural Research Institute (BARI) and Rangpur Dinajpur Rural Service (RDRS) Bangladesh with full participation of the farmers' groups of respective project site. The specific objectives of the project are: (1) to estimate the productivity of paddy, wheat, maize, tobacco and sugarcane (2) to determine the cost of production and returns to the above mentioned crops (3) to study the interrelationship between inputs and output of the above mentioned crops and (4) to examine the resource utilization patterns at farm level. In this project analysis, the net incremental profit is US$33,028. The expected incremental project benefit and incremented production cost are estimated as US$ 219,959 and US$ 186,931 respectively. The financial decision making criteria would be followed in this crop cultivation practice project. After the project implementation, the expected project benefits are assumed to be continued for 15 years. The benefit cost ratio (B/C) of the project is estimated at 1.077 (table 11) when using discount rate of 10% as an opportunity cost of capital in Bangladesh. FIRR of project is estimated at 26.15% which is bigger than the opportunity cost by more than double. So this project is financially feasible and acceptable. Therefore, this project should be extended to other areas to increase the farm income and economic growth of marginal poor farmers in Bangladesh.

• Journal of Arbitration Studies
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• v.20 no.1
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• pp.67-85
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• 2010

On-line ADR is to use means of settling disputes online to settle disputes happened on-line or off-line. It gave important opportunity for engaging in a commercial transaction to small group or individual. If it uses judiciary proceeding, it will cost too much, complicate and take considerable time. So, because of these reasons, OECD even encourage on-line ADR as a mean for relieving consumer's damage actively on e-commerce. Korea is also trying to introduce on-line ADR partially or completely in Korea Consumer Agency, The National IT Industry Promotion Agency, The Korean Commercial Arbitration Board. However, Korea's on-line ADR is more insufficient than advanced country's. Nevertheless, because on-line needs to introduce, this study suggests the problem and plan centering the type and the present condition of on-line ADR.

• 제어로봇시스템학회:학술대회논문집
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• 2003.10a
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• pp.687-690
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• 2003

This paper presents the development of Programmable Logic Controller (PLC) and network to design the redundant control system in order to control the high priority process. The industrial process that cannot be shutdown or the effect of the shutting down takes abundantly damage. In this article, we say that the high priority process. The redundant systems are designed for controlling the high priority process that the control system must have many controllers to instead the main controller when it has some error. This paper we designed the redundancy control system by the advantage of the high-speed communication on the PLC’s network. The temperature control system and the traffic light control system used as the case study. Each example processes consist of two sets of controller. Our scheme we can increase the reliability prevents process down time and reduces the cost of opportunity to loss also.

• KDI Journal of Economic Policy
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• v.39 no.2
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• pp.75-98
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• 2017

This paper aims to estimate the social discount rate (SDR) rather than dig into its theoretical foundation. As SDRs can be derived by investigating both the rate of return on investment and the social time preference rate, we estimate the marginal productivity of both private and public capital and the time preference rate based on the Euler equation. In order to provide a single representative SDR, the weighted averages of the marginal productivity and time preference rate, whose weights are determined by the flow of funds data reflecting the social demand of funds, are presented. Based on the empirical results, we argue that the marginal productivity of private capital stands in the middle of the 3% range while that of public capital varies from 4.5% to 8.6%, with the time preference rate showing a decreasing trend from 3.2% in the early 2000s to 1.2% by around 2030. The single representative SDR or the weighted SDR is estimated to be approximately 3.0~4.5% and expected to continue its downward trend for the foreseeable future.

• The Journal of Information Systems
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• v.21 no.3
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• pp.99-116
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• 2012

As a way to allocate lots of orders to many participants for vehicle allocation problem, this study has used an agent negotiation based reverse auction model. This agent negotiation provides coordination functions allowing all participants to make a profit, and accomplishing Pareto optimum solution from the viewpoint of a whole trucking cargo transportation network. In order to build a strategic cooperation relationship based on information sharing, this agent negotiation provides a coordination mechanism in which all the participants including consignors, brokerage firms, and car owners are able to attain their own profits, and also that ensure a competitive market. This study has tried to prove that the result of an agent-based negotiation is the Pareto optimal solution under the present market environment. We established a mathematical formulation for a comparison with the Integer Programming model, and analysing e-Marketplace, structure of shipping expenses and brokerage system in the trucking cargo transportation industry.

• Journal of the military operations research society of Korea
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• v.30 no.1
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• pp.135-152
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• 2004

Ever since Benoit's(1973, 1978) study, the relationship between defense spending and economic growth has been the subject of extensive empirical works. While a number of studies have reported that higher defense expenditure stimulate economic growth, many other studies have reported that an increase in military burden may hinder economic growth. To the extent that countries differ substantially in socioeconomic structures, the effects of defense spending cannot be generalized across countries. In this paper, Granger causality tests are performed between Korean defense expenditure and economic growth, consumption, investment, inflation and unemployment rate during the period from 1970 to 2002. The results show that Korean defense expenditure did not affect economic growth and unemployment rate. However, Korean defense expenditure caused consumption and inflation to decrease and investment to increase. On the other hand Korean defense expenditure was not Granger-caused by economic growth, consumption, investment, inflation and unemployment rate. In conclusion, the opportunity cost of Korean defense expenditure seemed to be relatively moderate considering Korean security environment. Even if it was not statistically significant, Korean defense burden at least did not bother economic growth.