• Title/Summary/Keyword: Reduced Cost

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Optimal Capacity Determination of BESS for Customer using Investment Cost and Electric Cost (투자비용과 전기요금을 반영한 수용가 BESS의 최적용량 산정)

  • Park, Jin-Kyung;Baek, Young-Sik;Jeong, Ki-Seok;Park, Ji-Ho
    • The Transactions of The Korean Institute of Electrical Engineers
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    • v.64 no.2
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    • pp.208-213
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    • 2015
  • This study presents the estimation method for the optimal capacity of BESS(Battery Energy Storage System) in order to reduce the electric charges of common consumer. The daily optimal charge and discharge plan of BESS which satisfies the given constraints is established using linear programming through the change of rated output/rated capacity of the time that shows the electric charges in the highest reduced rate has been selected. There will be a problem to compare only reduced rate because the bigger the rated capacity, the more reduced rate is increased. Therefore, rated output/rated capacity of the time when the reduced amount of electric charges for a year is higher than the investment cost of BESS was selected.

The Relationships among the Degree of Quality Cost Deviation, Quality Management Activities and Performance (품질비용 발생편차와 품질관리활동 그리고 성과간의 관계:품질성과와 납기성과를 중심으로)

  • 김달곤;김순기;정순여
    • Journal of Korean Society for Quality Management
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    • v.31 no.4
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    • pp.1-18
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    • 2003
  • Quality is a critical competitive factor in today's environment because of the impact of quality on costs and delivery. Many companies regard quality as a key concept of company strategy in order to achieve the competitive edge. Measuring and reporting quality cost is the first step in quality management program. The supposition of quality cost model is that investment in prevention activities will bring rewards from reduced failure costs, and that further investment in prevention activities will show profits from reduced appraisal costs. In this study, the degree of quality cost deviation is conceptualized. This means a deviation between the ideal and present ranking in the amounts of quality cost categories. This study analysed that the effect of its deviation on quality management activity and performance variables. However, there are no difference in these variables. The major reason is that most of companies are endeavoring for quality management but operating quality cost system unsystematically. The review against a prevention and appraisal activity is necessary.

Construction Cost Analysis of HPC Method by PC Construction Project Cases (사례분석에 의한 HPC공법의 공사비 분석)

  • Noh, ju-seong;Kim, Jae-yeob
    • Proceedings of the Korean Institute of Building Construction Conference
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    • 2017.05a
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    • pp.101-102
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    • 2017
  • This study was carried out as basic study to apply to construction site the HPC method which is being developed. The construction cost of HPC method was analyzed in comparison with conventional method (half slab method). With regard to research method, it was decided that data on construction work carried out by half slab method was analyzed. According to the results of study, in case of being applied to the construction work using a divided column, the number of columns was decreased. So, it was shown that member production cost, and transport and assemblage cost reduced. In case of being applied to construction work using an undivided column, the analysis showed that there was little difference in construction cost. Therefore, the analysis showed that, if HPC construction method was applied to large structure using a large column, the construction cost was reduced to some extent in comparison with conventional half slab method.

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An Exact Solution Method for Finding Nondominated Project Schedules (비열등 프로젝트 일정 탐색)

  • Ahn Tae-Ho;Kim Myung-Kwan;Lee Dong-Yeup
    • Management & Information Systems Review
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    • v.5
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    • pp.287-300
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    • 2000
  • Project Managers want to reduce the cost and the completion time of the project simultaneously. But the project completion time tends to increase as the project cost is reduced, and the project cost has a tendency to increase as the project completion time is reduced. In this paper, the resource constrained project scheduling problem with multiple crashable modes is considered. An exact solution method for finding the efficient solution set and the computational results are introduced.

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Effect of Changes in Targeted Milk Fat and Protein Contents on Feed Cost: a Simulation Modeling Approach (유지방율과 유단백율 증감이 사료비에 미치는 영향: 시뮬레이션 모델을 이용한 접근)

  • Lee, Se-Young;Bae, Gui-Seck;Park, Jong-Soo;Seo, Seong-Won
    • Korean Journal of Agricultural Science
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    • v.37 no.2
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    • pp.245-248
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    • 2010
  • This study was conducted to investigate effect of changes in target fat and protein contents in milk on feed cost using a simulation modeling approach based on the 2001 dairy NRC. Two simulations were done; simulation I had a limitation (up to 20%), but simulation II had no limitation for the use of cottonseed hull in a diet. Using commonly used feed ingredients in Korea, we formulated least cost diets that meet nutrient requirement of a lactating dairy cow producing 36 kg of milk with combinations of 0.1% decrease or 0.1% increase in target milk fat or protein, respectively, from the national average milk fat (4.0%) and milk protein (3.1%). The contents of alfalfa and corn in a least-cost diet were decreased and those of tall fescue, whole cottonseed and rapeseed meal were increased with decreasing fat and/or increasing protein in milk. Scenarios that decreased target milk fat percentage from 4.0% to 3.9% reduced feed cost by 2 won per kg. Due to decrease in feed intake, daily feed cost was even more reduced (136 won per head) by decreasing target milk fat percentage. Increase in target milk protein percentage from 3.1% to 3.2% reduced feed cost by 6 won per kg. Among scenarios simulated, the least feed cost was obtained in scenario aimed for 3.9% fat and 3.2% of protein in milk. We conclude that a feeding practice for increasing milk protein percentage does not directly increase feed cost. In addition, feeding practices that increase protein content in milk is expected to improve economic life-span and reproductive performance of dairy cows.

Investigation on the Reduction Effect on Cooling Power Consumption and Operating Cost of Mist-spray Outdoor Units in Air Conditioner

  • Lee, Keon-ho;Cho, Dong-woo;Kim, Hyemi;Song, Young-hak
    • Architectural research
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    • v.19 no.4
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    • pp.101-108
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    • 2017
  • The use of the air conditioner is increasing due to the rise of the outdoor temperature during summer, and the problems of the fire and the cooling performance deterioration are caused due to lack of maintenance of the outdoor unit. In particular, overall performance of cooling system and efficiency in outdoor units have been degraded due to an intake of high-temperature outdoor air thereby increasing cooling energy and operating cost. Thus, this study aimed to increase efficiency of outdoor units by evaporating and cooling intake air through mist spray at the intake port surface in the outdoor unit. The measurements results showed that total power consumption of misting outdoor unit compared to that of conventional outdoor units was reduced by 21% approximately, and total power consumption of the entire system including pump was reduced by 16.7%. In addition, the operating cost including water use was reduced by 13.5% approximately. In summary, if a mist-spray nozzle kit is installed in air-cooled outdoor units, the reduction in the usage of cooling energy and operating cost will be achieved without replacement of existing cooling systems or a large scale of repairs.

Analysis of Traffic Accident Reduction Effect When Introducing Motorcycle Safety Inspection (이륜자동차 안전검사제도 도입 시 교통사고절감효과 분석)

  • KOO, Jahun;JANG, Jinyoung;CHOO, Sang Ho
    • Journal of Korean Society of Transportation
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    • v.35 no.1
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    • pp.25-36
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    • 2017
  • The purpose of this study is to analyze traffic accident reduction effect of the introduction of motorcycle safety inspection. To analyze the effect of motorcycle inspection, we first estimate the number of defective motorcycles, and calculate the probability of accident occurrences caused by the defect using four year traffic accident data. Finally, we estimate the number of reduced accidents due to the introduction of the inspection and the total reduced accident cost. In this study, we analyzed three scenarios. It is analyzed that when the safety inspection system is applied to all motorcycles, 642 cases of traffic accidents and 325 million won per year of traffic accident costs are reduced. It is approximately 0.1% of 2014 total traffic accident cost of 26.5725 trillion won per year. It suggests that the cost of traffic accidents and traffic accidents due to vehicle factors are reduced when the safety inspection system is introduced.

Impact of COVID-19 on R&D Cost Stickiness in IT industry

  • Kwak, Ji-Young;Lee, Jung-wha;Jo, Eun Hye
    • International Journal of Internet, Broadcasting and Communication
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    • v.13 no.2
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    • pp.36-42
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    • 2021
  • This study aims to examine whether there are some differences in the cost stickiness of R&D expenses of IT companies before and after the COVID-19 crisis. Before COVID-19, IT companies did not reduce R&D expenses even if sales decreased, resulting in cost stickiness. As a result, it appears that during the COVID-19, IT companies adjust R&D expenses in proportion to changes in sales. This is interpreted as a reduction in R&D investment, which takes a long time to create results, in case of a decrease in sales due to uncertainty in future management performance due to the COVID-19 pandemic. In other words, during the COVID-19 risk period, IT companies, like other companies, reduced R&D expenses as sales decreased, resulting in reduced cost stickiness. This study differs from existing literature in that it examines the impact of the COVID-19 pandemic on the R&D expenditure behavior of companies in the IT industry.

Improvments in Cost Reduction for Vacuum Sintering and Vacuum and Overpressure Sintering for Tungsten Carbides

  • Ermel, Dieter
    • Journal of Powder Materials
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    • v.5 no.4
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    • pp.293-298
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    • 1998
  • In all larger hardmetal workshops furnaces for dewaxing, vacuum sintering or vacuum and overpressure sintering are today's standard. The furnace technology is well established. Equipment specifications such as operating overpressure, determine sintering cost, product quality, safety and reliability of the furnace and ultimately influence the competitiveness of the hard metal procucer in the global market. Essential furnace requirements are an efficient utilization of the furnace, an environmental friendly dewaxing system, high temperature uniformity, metallurgical treatment with process gases, as well as reduced cooling time by means of rapid cooling. Examples of reduced sintering costs are described achieved using a new design of vacuum sintering furnace with an improved rapid cooling device, cooling times are reduced by up to 45%. Additionally, a cost comparison of two different designs of vacuum overpressure sintering furnaces are included.

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Basic study of reuse planning automation algorithms on system forms that are used on girders and beams (보용 시스템 거푸집의 전용계획 자동화 알고리즘 기초연구)

  • Lim, Chaeyeon;Kim, Sunkuk
    • Proceedings of the Korean Institute of Building Construction Conference
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    • 2015.05a
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    • pp.7-8
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    • 2015
  • Formwork accounts for 10% of the total construction cost and 30~40% of the framework cost, which is a fairly large part. Various system forms were developed for improved economic feasibility and constructability of formwork and for reduced construction duration. In general, the price of system forms per unit area is higher than that of the conventional method, yet the total construction cost can be reduced through higher reusability and constructability. However, if the reusability of forms is excessively increased to cut down the material cost, it may increase the construction duration, which will result in cost increase. On the other hand, if the reusability is decreased for reduction of construction duration, it may lead to cost increase caused by excessive input of materials. To solve such a problem, an algorithm for simplified reuse planning that meets the requirements of construction duration, cost, quality and safety is required. In this regard, the study intends to perform a fundamental research for development of reuse planning automation algorithms on system forms that are used on girders and beams.

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