• Title/Summary/Keyword: Present worth method

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Multiple criteria decision making method for selecting of sealing element for earth dams considering long and short terms goals

  • Rashidi, Babak;Shirangi, Ehsan;Baymaninezhad, Matin
    • Wind and Structures
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    • v.26 no.2
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    • pp.69-74
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    • 2018
  • Nowadays, using math logic in great civil projects is considered by the clients to achieve the goals of project including quality optimization, costs, avoiding individual, emotional and political decision making, long-term and short-term goals and they are the main requirements of each project and should be considered by the decision makers to avoid the illogical decision making applied on the majority of civil projects and this imposes great financial and spiritual costs on our country. The present study attempts to present one of the civil projects (Ghasre Shirin storage dam) whose client was not ministry of energy for the first time and the short-term and long-term goals of the private sector were applied based on the triangle of quality, cost and time. Also, the math logic and model (multi-criteria decision making method and decision making matrix) is used in one of the most important sections of project, sealing element, policies and new materials (Geosynthetics) are considered and this leads to suitable decision making in this regard. It is worth to mention that this method is used for other sections of a dam including body, water diversion system, diaphragm and other sectors or in other civil projects of building, road construction, etc.

LCC Optimization for Reinforced Concrete Structures under Seismic Hazards

  • Park, Soon-Kyu
    • KCI Concrete Journal
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    • v.13 no.2
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    • pp.26-32
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    • 2001
  • A simple expected damage cost model is developed and a systematic approach to evaluate the economic effects of seismic hazards to reinforced concrete structures is presented. An expected damage cost function during a specific lifetime is modeled by a Poisson's process with uniform continuous cash flow assumption. It is possible that the proposed method can decouple the damage cost effect from random earthquake events. Thus, expected damage cost function can be formulated as a combination of three independent terms; a present worth factor of Poisson's process, a damage cost interpolation function and a mean occurrence rate of earthquake intensity. The validity of the proposed method is demonstrated by a comparative study of LCC evaluations with the previous study.

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A Study on Evaluation of The Remain Value of The Middle & Small Ship (사용중 중소형선 잔존가치 평가에 관한 연구)

  • 정진욱;강병윤;김수영
    • Proceedings of the Korea Committee for Ocean Resources and Engineering Conference
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    • 2001.05a
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    • pp.43-48
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    • 2001
  • Price of Used Vessel is Key-point of Ship trading but it is very troublesome part. Because it is different from the Seller and the Buyer's caculated price, It is appropriated by The Sellers and The Buyers' mutual agreement. In case of the Buyers. it is difficult in calculating price of used ship without entrusting the ship broker, beca- use evaluation method of secondhanded vessel has not formulated and the ship broker has experientially computed Remain Value of used vessel. For this work, structure of ship trading market, trading flow, the factor of price composition and Affecting factor of price is reviewed, and it examined relationship with price. On these base, a computer software integrated database system and object-oriented technique is developed. The developed system is expected helpful to evaluation of remain value of the used vessel.

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Economic Analysis of the Piezoelectric Power using the California Standard Test (캘리포니아 표준 테스트 방법을 사용한 압전 발판의 경제성 분석)

  • Jung, Soon-Sung
    • Journal of Power System Engineering
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    • v.21 no.4
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    • pp.51-56
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    • 2017
  • The purpose of this study is to suggest economic analysis for piezoelectric power. Economic analysis method uses california standard test. Perspectives of california standard test is participant test, ratepayer impact measure test, program administrator cost test and total resource cost test. This study identifies the cost and benefit components. This study identifies benefit-cost calculation procedures from four test : participant test, ratepayer impact measure test, program administrator cost test and total resource cost test. In the economic analysis, the order of benefit cost ratio in piezoelectric power shows total resource cost test, program administrator cost test, ratepayer impact measure test and participant test.

SgrA* 22/43GHz KaVA observation and its Amplitude Calibration

  • CHO, ILJE;JUNG, TAEHYUN;ZHAO, GUANG-YAO;KINO, MOTOKI;SOHN, BONGWON
    • The Bulletin of The Korean Astronomical Society
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    • v.41 no.1
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    • pp.73.2-73.2
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    • 2016
  • We present the results of KaVA SgrA* observation together with Takahagi(32m), Yamaguchi(32m) and Nobeyama(45m) telescopes at 22 and 43GHz, respectively. In early 2014, G2 cloud was expected to encounter with SgrA* and to make a significant flux variation, but it has not been measured yet. So it's worth to check our amplitude calibration method to confirm if we have a missing flux caused by uncertainty in measuring it. We have tested both a standard method using system noise temperature(Tsys) with antenna gain information, and a template method in order to calibrate antenna gain using nearby maser source. As a result, we found that the latter method is useful for antennas which have inaccurate gain information or poor Tsys measurements, and is especially effective for sources at low elevation like SgrA*. In addition, the comparison shows that the amplitude calibration by standard method can be improved up to 10% with a correction factor using a template method. This result implies we can get more accurate flux from a standard method when any maser source not exists around target.

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Cost-Effectiveness Methodology for Maritime Patrol Aircraft

  • Cho Doug-Woon
    • Journal of the military operations research society of Korea
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    • v.15 no.2
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    • pp.147-159
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    • 1989
  • This paper presents a formalized methodology for conducting cost-effectiveness analysis on the ROK Navy's maritime patrol aircraft. The methodology involves a Delphi method application for determining the group of appraisal variables as well as their weight values in the area of aircraft effectiveness analysis, Life-cycle costing was employed to produce cost in terms of present worth values of all costs that occur over the common 20-year life cycle. A wide range of experts was selected so that their opinions could be effectively collected and synthesized to form the framework of the effectiveness model. Such a model development strategy provides easy acceptance of the analysis result and assure fairness of the analysis.

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Minimum Cost Layout (Expansion) Planning for Telephone Cable Networks of a Single Exchange Area (전화케이블네트워크의 최적 배치(증설) 계획)

  • 차동원;정승학
    • Journal of the Korean Operations Research and Management Science Society
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    • v.5 no.1
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    • pp.39-51
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    • 1980
  • This paper deals with the problem of determining the capacity expansion timing and sizes of conduits and feeder cables for a given cable network configuration of a single exchange ares, which minimizes the present worth of total costs. The planning horizon is infinite and the demand of line pairs at each cabinet is assumed to be determininstically growing. As a solution method, the heuristic branch-and-bound algorithm of Freidenfelds and Mclaughlin is elaborated by adding details and some minor modifications, which generates a good near-optimal solution with far less computation than would otherwise be possible. We also develop a computer program, which is shown to be effective and efficient through the test run of an illustrative example.

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A study on Estimation of transmission avoided cost using Present Worth(PW) method-carlo simulation (몬테카를로 시뮬레이션을 이용한 송전설비회피비용 산정연구)

  • Jung, Young-Beom;Ko, Kyung-Ho;Kim, Jun-Hyung;Lee, Jae-Gul;Yoon, Yong-Beum
    • Proceedings of the KIEE Conference
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    • 2006.07a
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    • pp.341-342
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    • 2006
  • 전력시스템에 수요관리나 효율향상프로그램 또는 분산형 전원을 도입하는 경우 전력회사의 측면에서는 수입의 감소와 함께 각종 비용에 대한 절감효과가 동시에 발생을 하며, 이러한 비용절감효과를 회피비용으로 정의하고 있는데 이러한 회피비용 중 최대수요의 감소로 인하여 송배전설비의 투자시점이나 투자비용이 변화하게 되어 발생되는 회피비용을 송배전설비회피비용이라고 정의한다. 지금까지 한계비용이나 현재가치법을 이용한 방법론들이 개발되었으나, 최대수요 예측이나 수요 감소효과의 예측 값에 대한 불확실성을 고려한 방법은 없었다. 이에 논문에서는 미래예측값에 대한 불확실성을 고려할 수 있는 One-Year Deferral방법론을 제안하고 이에 대한 사례분석을 시행하였다.

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A Study on Limiting Factor of Capital Assets Investment Calculation (경제성공학의 한계에 관한 고찰)

  • 김성집
    • Journal of Korean Society of Industrial and Systems Engineering
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    • v.2 no.2
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    • pp.5-10
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    • 1979
  • For investment calculation of capital assets, it is desirable to grasp the limiting factors of its calculation. The limiting factors can be listed as follows; $\circled1$ difficulty in estimating the service life of capital assets. $\circled2$ difficulty in estimating the receipts, and operating and maintenance expenses of the project. $\circled3$ difficulty in determining common Minimum Attractive Rate of Return. $\circled4$ difficulty in estimating the salvage value of the assets. $\circled5$ some limiting factors on present worth calculation of the projects. $\circled6$ Some limiting factors on payout period method of the economic calculation.

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Design of Walking Robot Based on Jansen Mechanism (얀센 메커니즘 기반의 보행로봇 설계)

  • Ko, Jiwoo;Jo, Wonbin
    • Proceeding of EDISON Challenge
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    • 2016.03a
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    • pp.429-433
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    • 2016
  • Moving robot is divided 2 kinds; one is the robot using wheels and the other has leg structure. On plat terrain, the former is better than the latter because it has fast speed and simple method to control. But on non-plat terrain, the situation is reversed. The robot using legs has slow speed but it has advantage to adjust various environments. This robot is expected to contribute to human in many fields such as rescue and exploration and so on. So walking robot is worth enough to research. In this paper, we present the design of 4-legged walking robot based on Jansen mechanism using m-Sketch and Edison Designer.

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