• Title/Summary/Keyword: Profit cost

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AUTOMIZATION OF TISSUE CULTURE SYSTEM A SUMMARY OF SELECTED DEVELOPMENT

  • Moon, J.G.
    • Proceedings of the Korean Society for Agricultural Machinery Conference
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    • 1996.06c
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    • pp.1045-1054
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    • 1996
  • Tissue culture, or micropropagation , is being used for the vegetative multiplication of several hundred millions of superior plants annually for horticulture and forestry. It is often more expensive than other forms of propagation using cuttings or seeds, because it is labor intensive and more specialized . The aim of automation is to reduce the cost per plantlet by reducing labor input, and finally, to yield profit, as business activity . Labor usually account for 70-80% of th ein vitro and ex vitro cost. This paper aspects of tissue culture automization , such as technical and economical approaches in view of automization.

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A Study on the Factors for IT Investment Justification (IT 투자 정당화 요인에 관한 연구)

  • Choi, Jaeyoung
    • Journal of Korea Society of Digital Industry and Information Management
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    • v.11 no.4
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    • pp.177-187
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    • 2015
  • Although actual business environment is getting difficult and hard, IT companies tend to shy away from of annual investment. Many firms have already reached the 25 percent level. However, the profit and the result of their annual investment needs to be evaluated objectively. IT investment analysis usually proceeds by comparing benefits and costs of an IT investment. Much of the problem derives from the historical treatment of IT as an overhead expense rather than a capital asset. What is most worrying about the current situation is the pressure to take a very short-term view of IT. Therefore, this research aims to analyses and justify the necessity of Visionary IT Investment. For this, it is crucial to identify the factors, which affect positively Visionary IT Investment and understand the role of CIO and explain the result of Visionary IT Investment, which is differed to related business and by different business environment. As a result of this study, the legitimacy of IT Investment is proved through analyzing the business value of not investing and cost-avoidance strategies.

Economic Screening Procedures in Normal and Logistic Models When the Rejected Items are Reprocessed (불합격 제품을 재 가공할 때 정규 및 로지스틱모형 하에서 경제적 선별검사)

  • Hong Sung Hoon
    • Proceedings of the Korean Operations and Management Science Society Conference
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    • 2002.05a
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    • pp.772-777
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    • 2002
  • In this paper, economic screening procedures with dichotomous performance variable T and continuous screening variable X are considered when the rejected items are reprocessed. Two models are considered; normal and logistic models. It is assumed that X given T is normally distributed in the normal model, and $P(T=1{\mid}X=x)$ Is given by a logistic function in the logistic model. Profit models are constructed which involve four price/cost components; selling price, cost from an accepted nonconforming item, and reprocessing and inspectioncosts. Methods of finding the optimal screening procedures are presented and numerical examples are given.

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Economic Screening Procedures in Normal and Logistic Models when the Rejected Items are Reprocessed (불합격 제품을 재가공할 때 정규 및 로지스틱 모형하에서 경제적 선별검사)

  • Hong, Sung-Hoon
    • Journal of Korean Institute of Industrial Engineers
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    • v.28 no.3
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    • pp.240-246
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    • 2002
  • In this paper, economic screening procedures with dichotomous performance variable T and continuous screening variable X are considered when the rejected items are reprocessed. Two models are considered; normal and logistic models. It is assumed that X given T is normally distributed in the normal model, and P(T=1|X=x) is given by a logistic function in the logistic model. Profit models are constructed which involve four price/cost components; selling price, cost from an accepted nonconforming item, and reprocessing and inspection costs. Methods of finding the optimal screening procedures are presented and numerical examples are given.

A determination of economic control limits considering process deterioration (공정의 열화를 고려한 경제적 관리한계 결정)

  • 심윤보;김성집
    • Journal of Korean Society of Industrial and Systems Engineering
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    • v.21 no.45
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    • pp.237-246
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    • 1998
  • In most statistical process control(SPC), control charts are used in which samples are taken and a suitable statistic is determined and plotted. In these control charts, control limits, ${\mu}{\pm}textsc{k{\sigma}}$, from which a decision is made are mostly ${\mu}{\pm}3{\sigma}$ and current literature in control charts are mainly concerned with detecting a shift in the mean. Therefore, when $\sigma$ is increased considerably after a long time, using control limits set at the first time causes a great deal of economic loss. In this paper the solutions to determine new control limits which maximizes the profit per unit produced and reduce $\sigma$ to economically optimal level for a certain cost when $\sigma$ is increased due to process deterioration are proposed. By applying new control limits, $\alpha$ error decreases considerably compared to apply initial control limits when $\sigma$ is increased due to process deterioration. Therefore, false alarm investigation cost drops down to the level of initial a error. And also this solution provides useful information regarding replacement of a process when the process is reviewed regularly.

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A Primary Study on High Speed Intermodal Rail Freight Transportation (고속철도시대의 철도화물 수송정책-고속철도 복합운송을 중심으로)

  • Kim Hyun-Woog;Moon Dae-Seop
    • Proceedings of the KSR Conference
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    • 2003.05a
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    • pp.185-189
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    • 2003
  • According to opening Seoul-Busan high speed rail line in 2004, we are studying to offer speedily for the parcel service of high speed rail-combined transport as it does, tender the quality freight services within a one and the same high speed train formation. Therefore, we reviewed for various types of HSR-combined transport and suggested to application methods in Korean high speed rail line. Through these kinds of approaches, we are able to expect the fulfillment of customer needs for high speed rail market segments, the profit maximization of future railway operating companies, and enhancement for cost-effective rail network operation of the mixed traffic on infrastructure cost-reduction in national logistics.

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An Analysis of Influence Factors on Insitu-production and Installation Schedule of Composite Precast Concrete Members (합성 PC 부재의 현장생산 및 설치 공정계획의 영향요소 분석)

  • Lim, Chaeyeon;Kim, Sun Kuk
    • Proceedings of the Korean Institute of Building Construction Conference
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    • 2013.05a
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    • pp.176-177
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    • 2013
  • The composite PC rahmen structure, called Green Frame, allows the main structural members such as PC column and beam to be produced on the site, resulting in a reduction of PC member transportation cost and the margin of PC plant (operation cost and profit), making it more economic than the bearing wall structure. To apply the Green Frame to practice, not only installation but also insitu-production process should be considered. Therefore, this study analyse the influence factors on insitu-production and installation schedule of composite precast concrete members. The results shall be used as basic criteria on the planning of insitu-production and installation of Green Frame.

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A STUDY ON THE EVALUTION METHOD OF THE GAS DISTRIBUTION COST IN KOREA (국내(國內) 천연(天然)가스 유통비용평가방법(流通費用評價方法)에 관한 연구(硏究))

  • Kim, Tae-Yu;Lee, Se-Jun;Min, Cheol-Gu
    • Environmental and Resource Economics Review
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    • v.1 no.1
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    • pp.1-25
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    • 1991
  • The domestic liquefied natural gas project has been carried out as a national energy scheme since the late 1980's in Korea. The natural-gas supply for civilian demand is limited to the Kyung-In area. In addition, seven major city gas corporations which now participate in the project occupy the monopolistic service area. In this study, objective cost evaluation criteria for gas distribution and an improved proposal in the evaluation method are suggested. They will go forward in solving the problems to promote demand and prevent excess profit or deficit according to the physical characteristics of the monopolistic service area.

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Enhancing Value of Public Construction Projects by Improving Contract Review Process

  • Song, Sang-Hoon;Bang, Jong-Dae;Cho, Gun-Hee;Sohn, Jeong-Rak;Jung, Sang-Ho
    • Land and Housing Review
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    • v.2 no.4
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    • pp.479-489
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    • 2011
  • This study aims to suggest the method to enhance the value of public construction project during contract review process considering budget reduction for project profit and public interest enhancement simultaneously. The main results of this study are as follows: (1) Current method are considered to be improved from the point that cost reduction through current method could influence performance of the object of contract without conforming to user requirements or facilities' function. (2) In order to supplement current process, the method to evaluate the variation of performance and value was established based on facility type, participants on each phase, and their requirement. (3) Case study was conducted to verify suggested method, and showed the successful application in enhancing the value of construction projects on public sector.

In-situ Production Effect Analysis of Precast Concrete Elements (PC 부재의 현장 생산효과 분석)

  • Lee, Dong-Joo;Oh, Jin-Hyuck;Kim, Sun-Kuk
    • Proceedings of the Korean Institute of Building Construction Conference
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    • 2021.11a
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    • pp.52-53
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    • 2021
  • PC (Precast Concrete) method was preferred for reasons such as shortening of construction period, cost reduction, and quality. However, in the case of factory production, precast concrete has a problem in that transportation conditions in the transportation process, damage during transportation, overhead and profit of the factory are required. If work and PC members are produced on site, transportation and installation costs can be reduced. However, research on field production has not been conducted. Therefore, based on the on-site production plan without PC, the cost and quality of factory production and on-site production are compared and analyzed.

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