• Title/Summary/Keyword: Optimal investment planning

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Application Method of GIS for Planning of Forest Road Network (임도망의 계획에 있어서 GIS 활용방안)

  • Jeon, Kwon-Seok;Ma, Ho-Seop
    • Journal of the Korean Association of Geographic Information Studies
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    • v.5 no.3
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    • pp.99-106
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    • 2002
  • The application method of GIS for planning of forest road network can be save the efforts and cost by frequently change of forest road and evaluation the forest road route before construction. The purpose of this study is to suggest the proper method for planning an optimal forest road network in mountains forest using geographic information system(GIS) in the national forest of Mt. Kumsan at Namhae-gun, Gyungsangnam-do. In the forest road network planning by the minimum longitudinal gradient, The total length was 20.41km, and road density was 6.92m/ha. In the forest road network planning by mixed with the minimum longitudinal gradient and the maximization of investment effect, The total length was 21.15km, and road density was higher than that of the minimum longitudinal gradient as 7.17m/ha. The road length overlapped by cost path was more short than 3.52m/ha of the minimum longitudinal gradient as 1.73km. So, it appeared that forest road has an high effectiveness in yarding function. Therefore, it considered that the geographic information system could provide an effective and resonable solutions for planning of optimal forest road network.

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A Basic Method for Composite Power System Expansion Planning under Security Criteria (안전도 제약을 고려한 복합전력계통의 확충계획에 관한 기초연구)

  • Kwon, Jung-Ji;Tran, TrungTinh;Choi, Jae-Seok
    • Proceedings of the KIEE Conference
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    • 2005.07a
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    • pp.557-559
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    • 2005
  • This paper proposes a method for choosing the best composite power system expansion plan considering a contingency security criterion. The proposed method minimizes the investment budget fer constructing new transmission lines subject to contingency criterion. it models the power system expansion problem as an integer programming one. The method solves for the optimal strategy using a branch and bound method that utilizes a network flow approach and the maximum flow-minimum cut set theorem. Although the proposed method is applied to a simple sample study, the test results demonstrate that the proposed method is suitable for solving the power system expansion-planning problem subject to practical future uncertainties.

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A Basic Study on Estimation Model Development by Applying Probabilistic Forecasting Method for Determining Optimal Price of Residential Officetel (확률론적 추정 기법을 적용한 주거형 오피스텔의 최적 분양가 산정 모델 개발 기초연구)

  • Jang, Jun-Ho;Kim, Tae-Hui;Ha, Sung-Eun;Son, Ki-Young
    • Proceedings of the Korean Institute of Building Construction Conference
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    • 2017.11a
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    • pp.191-192
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    • 2017
  • In response to the economic depression, the demand for fixed rent income has increased according to the easing construction regulations. it caused indiscriminated investment to stakeholders. This leads to oversupply in the multi-family Housing market and increases unsold housing and vacancy rates except specific area such as Gangnam-gu.In order to solve this issue, although studies on the optimization price of apartment houses has been conducted, the study is insufficient regarding on residential officetel. Therefore, the objective is to suggest a basic study on optimal price estimation model development by using probabilistic forecasting method in planning phase. To achieve the objective, first, variables are defined such as expenses, financial costs, income, etc. Second, causal loop diagram is suggested. Third, basic optimization prices estimation model is developed. In the future, this study can be used as one of decision making tools in planning phase of officetel development projects.

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A Study on Transmission System Expansion Planning on the Side of Highest Satisfaction Level of Decision Maker

  • Tran TrungTinh;Kang Sung-Rok;Choi Jae-Seok;Billinton Roy;El-keib A. A.
    • KIEE International Transactions on Power Engineering
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    • v.5A no.1
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    • pp.46-55
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    • 2005
  • This paper proposes a new method for choice of the best transmission system expansion plan on the side of highest satisfaction level of decision maker using fuzzy integer programming. The proposed method considers the permissibility and ambiguity of the investment budget (economics) for constructing the new transmission lines and the delivery marginal rate (reliability criteria) of the system by modeling the transmission expansion problem as a fuzzy integer programming one. It solves the optimal strategy (reasonable as well as flexible) using a fuzzy set theory-based on branch and bound method that utilizes a network flow approach and the maximum flow-minimum cut set theorem. Under no or only a very small database for the evaluation of reliability indices, the proposed technique provides the decision maker with a valuable and practical tool to solve the transmission expansion problem considering problem uncertainties. Test results on the 63-bus test system show that the proposed method is practical and efficiently applicable to transmission expansion planning.

A Study on Estimating the Optimum Proportion and Size of Basic Research Budget from an Economic Point of View (경제적 관점에서 본 기초연구예산의 적정 투자 비중과 규모 추정에 관한 연구)

  • Pak, Cheolmin;Ku, Bonchul
    • Journal of Technology Innovation
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    • v.25 no.3
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    • pp.51-82
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    • 2017
  • In terms of both economic growth and social welfare, this paper discusses the optimal proportion and size of basic research budget by adding knowledge stock to an endogenous growth model. On the basis of the modified endogenous growth model, this paper derived an equation that consists of kinds of parameters and suggested this equation as a criterion for determining whether allocated basic research budget has been appropriate. This paper also found that the theoretical optimal ratio between government investment spending and investment in basic research is equal to the ratio between the partial elasticity of output with respect of public capital stock and the partial elasticity of output with respect of knowledge stock. In addition, after the required parameters were specified based on precedent literatures, this paper estimated an optimum size of the basic research budget using the theoretical optimal ratio with official statistical records and compared the estimated size to its actual size. This paper therefore is expected to contribute to budget planning and allocation regarding establishing basic research policy, because the results of this paper presents a useful criterion for optimum level and an approximate size of investment in basic research. However, it should be noted that although the optimal solution is optimal in a economic sense, it may not be the best solution from a practical perspective.

A Case Study on the Method for Finding the Product Mix by the Use of LP Model (LP 모델에 의(依)한 Product Mix 실시사례(實施事例))

  • Lee, Sun-Yo
    • Journal of Korean Institute of Industrial Engineers
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    • v.1 no.1
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    • pp.41-56
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    • 1975
  • In the past the pattern of business down-trend usually appeared in the form of, first, decrease in facility investment, then decrease in inventory level, followed by reduced level of consumption. But the pattern nowadays is becoming just the opposite, that is, first, consumption decrease, then inventory level increase, followed by restriction of facility investment. Also in the past, the greater effort was placed in strengthening of hardware areas through optimization and modernization of production means on the premise of sales. But lately software areas take most of the main effort to establish production mean with sales as its objective. Under these circumstances one of the real problems facing production activities today is the conflicting relationship between sales and production functions. This occurs due to differences of their view points. Then, in order to achieve maximum profit at the least cost, which is the ultimate objective of a production activity, the need arises to effectively coordinate sales demand and plant production capacity. For this purpose strong control means and function must be devised. In our case study example we illustrate a management technique for a combined planning function, of optimal coordination of product mixes utilizing a computerized linear programming model as control means of attaining maximum profit. It is hoped that this example help achieve some of corporate objectives.

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Transmission System Expansion Planning by Nodal Delivery Marginal Rate Criterion -II (모선수송전달능력(母線輸送傳達能力) 신뢰도 기준에 의한 송전계통(送電系統)의 광역설계(擴充計劃) -II)

  • Park, Jeong-Je;Shi, Bo;Jeong, Sang-Hun;Choi, Jae-Seok;Mount, Timothy;Thomas, Robert
    • Proceedings of the KIEE Conference
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    • 2007.07a
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    • pp.574-575
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    • 2007
  • This paper proposes a method for choosing the best transmission system expansion plan using nodal/bus delivery marginal rate criterion ($BMR_k$) defined newly in this paper. The objective method minimizes a total cost which is an investment budget for constructing new transmission lines subject to the $BMR_k$ which means a nodal deterministic reliability level requirement at specified load point. The proposed method models the transmission system expansion problem as an integer programming problem. It solves for the optimal strategy using a branch and bound method that utilizes a network flow approach and the maximum flow-minimum cut set theorem. Test results on an existing 21-bus system are included in the paper. It demonstrated the suitability of the proposed method for solving the transmission system expansion planning problem in competitive electricity market environment.

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A Basic Study on Composite Power System Expansion Planning Considering Probabilistic Reliability Criteria

  • Choi, Jae-Seok;Tinh, TranTrung;Kim, Hyung-Chul;El-Keib, A.;Thomas, R.;Billinton, R.
    • Proceedings of the KIEE Conference
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    • 2004.11b
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    • pp.297-300
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    • 2004
  • This paper proposes a method for choosing the best composite power system expansion plan considering probabilistic reliability criterion. The proposed method was modeled as the minimization of the investment budget (economics) for constructing new transmission lines subject to not only deterministic(demand constraint) but also probabilistic reliability criterion(LOLE) with considering the uncertainties of the system elements. This is achieved by modeling the power system expansion problem as an integer programming one. The method solves for the optimal strategy using a probabilistic theory based branch and bound method that utilizes a network flow approach and the maximum flow-minimum cut set theorem. Although the proposed method is applied to a simple sample study, the test results demonstrate a fact that the proposed method is suitable for solving the power system expansion planning problem subject to practical uncertainties for future.

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Implementation of Virtual Manufacturing Technology to Manual Spot Welding Process in Automotive Body Shop (자동차 차체공장의 매뉴얼 점용접 공정에 가상생산기술 적용)

  • Jung, Kwang-Jo;Lee, Kun-Sang;Park, Young-Jin
    • Proceedings of the KSME Conference
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    • 2003.04a
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    • pp.1166-1172
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    • 2003
  • The extremely strong competition among the world automobile industries has introduced the concept of PLM in the total production activities, one of whose major components is VM(Virtual Manufacturing). If the production lines are equipped with robots, the application of OLP in the virtual space is fully mature. However, in the point of the investment's and the maintenance's view, there are always some activities, which can not be automated: for example, typically the manual welding for prefixing in the automobile body shop and the material loading. Process planning for these activities, therefore, are decided mainly by experiences, which caused many repeated rework of the processes and the inconvenience of the workers, and resulted consequently in the reduction of the productivity and the safety of the workers. In this paper, the optimal dimension of the welding gun and its handle position and the optimal working path is simulated and decided by use of DELIMN/IGRIP and DELMIA/Ergo and the working area modelized in the virtual workcell of DELMIA.

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Allocation of the Optimal Reliability and Maintainability in Manufacturing Systems (제조 시스템의 최적 신뢰도 및 보전도 할당)

  • 이상철
    • Journal of Korean Society of Industrial and Systems Engineering
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    • v.22 no.50
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    • pp.23-32
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    • 1999
  • Reliability and maintainability allocation in the analysis of the system's design, with the objective of planning and installing the individual components in such a way that the system performance is achieved. This paper has been made to solve an important task in reliability management of manufacturing systems within the general objective being to increase productivity while maintaining costs low. Thus, the purpose of this paper is to provide an analytical approach to determine an optimal reliability and maintainability allocation, trading off among system performance and parts investment costs. Two important considerations will be addressed in this regard : (ⅰ) determine the reliability and maintainability allocation of parts which maximizes a given production index, having fixed the total cost of investments ; and (ⅱ) determine the reliability and maintainability allocation which minimizes the total cost of investments, having fixed a minimum acceptable level of productivity. The procedure proposed in this paper is able to provide to managers and designers useful indications on the reliability and maintainability characteristics of parts in series -parallel systems. And this heuristic model is a decision support tool for contractors who are involved in large scale design projects such as ship and aircraft design. Numerical examples prove that an approximate expression of the average throughput rate is sufficiently accurate to be used in a numerical optimization method.

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