• Journal of Korean Society of Industrial and Systems Engineering
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• v.39 no.1
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• pp.17-24
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• 2016

Many organizations have transformed their business in order to survive and compete in the future. They generate projects by creating a vision, using strategies and objectives with funds aligning strategies and make efforts to complete them successfully because project success leads to business success. All projects have triple constraints such as scope, time, and cost to be completed. Project cost performance is a key factor to achieve project goals and which is mostly related with risks among various cost drivers. Projects require a cost estimation method to complete them within their budget and on time. An accurate budget cannot be estimated due to the uncertainties and risks. Thus some additional money should be funded in addition to the base budget as a contingency reserve for identified risks and a management reserve for unidentified risks. While research on contingency reserve for identified risks included in project budget baseline have been presented, research on management reserve for unidentified risks included in total project budget is still scarce. The lack of research on estimation method and role of the management reserve have made project managers little confidence to estimate project budget accurately with reasonable basis. This study proposes a practical model to estimate budgets including contingency and management reserves for not only project cost management but also to keep the balance of organization's total funds to maximize return on investments for project portfolio management. The advantages of the proposed model are demonstrated by its application to construction projects in Korea and the processes to apply this model for verification are also provided.

• Journal of Family Resource Management and Policy Review
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• v.14 no.4
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• pp.21-38
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• 2010

The purpose of this study is to clarify the motivation of adolescent volunteers based on exchange theory by analyzing benefits and costs. The activation for family-volunteering is explored to decrease the cost of volunteering. Data were collected from 463 adolescents and analyzed using SPSS 16.0 program. The statistics used for analysis were the factor analysis, cluster analysis, T-Test and ANOVA, Findings indicated that a 75.2% of adolescents participated in voluntary activities during last one year, but a 90.3% of subjects was not taken part in family volunteering. Family volunteering has not been activated but adolescents hoped high to participate with family. Adolescents evaluated high the cost of family time lost because of volunteering. The clusters evaluating the costs of volunteering low participated more than other clusters. From these results, it was proposed that costs of volunteering such as conflicts with members of family or supervisors should be lessened than the benefits of it emphasized. The family volunteering is suggested to decrease the cost of family time loss.

• Smart Structures and Systems
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• v.22 no.2
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• pp.151-159
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• 2018

Maintenance activities are regarded as a key part of the repairable deteriorating system because they maintain the equipment in good condition. In practice, many maintenance policies are used in engineering fields to reduce unexpected failures and slow down the deterioration of the system. However, in traditional maintenance policies, maintenance activities have often been assumed to be performed at the same time interval, which may result in higher operational costs and more system failures. Thus, this study presents two non-periodic preventive maintenance (PM) policies for repairable deteriorating systems, employing the failure rate of the system as a conditional variable. In the proposed PM models, the failure rate of the system was restored via the failure rate reduction factors after imperfect PM activities. Operational costs were also considered, which increased along with the operating time of the system and the frequency of PM activities to reflect the deterioration process of the system. A numerical example was provided to illustrate the proposed PM policy. The results showed that PM activities performed at a low failure rate threshold slowed down the degradation of the system and thus extended the system lifetime. Moreover, when the operational cost was considered in the proposed maintenance scheme, the system replacement was more cost-effective than frequent PM activities in the severely degraded system.

• Journal of Korean Society of Transportation
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• v.7 no.1
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• pp.19-34
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• 1989

In general, Shopping centers are located in the center of transportation, which induce more traffic concentration than other facilities. As a result, it becomes to one of the aggravating factors of urban ＆ transportation problem such as traffic conjestion, parking problems. Thus, in planning shopping-center, it is desirable that consumer\`s trip pattern is should lie more carefully analyzed in order to alleviate the above problems. This study is aimed at finding the characteristics of shopping tripes and analyzing the choice behavior of shopping center and mode-to-shop. This study has developed a nested logit model in which consumers choose shopping center and mode-to-shop with a sequential structure. The model was estimated using household data from the 1989 May, Seoul metropolitan area and the 18 alternatives of shopping center and 5 mode alternatives. The estimated model have been evaluated and it may be concluded that this model for shopping trips is effective and fesible. The conclusion of this study are as fellows. 1. Out-of-vehicle travel time is more important factor affecting behavior of mode choice than in-vehicle travel time. 2. All of direct-elasticities for mode with respect to the travel time is more elastic than travel cost. 3. Accessibility to shop is more important factor affecting the choice of shopping center than parking space. 4. The value of out-of-vehicle travel time exceeds the value of in-vesicle travel time by 1.64 times.

• The Journal of the Korea Contents Association
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• v.15 no.11
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• pp.582-590
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• 2015

Road type classification and K-factors are important role when design of number of lane. In this study not only classifies road type and estimating of K-factor but also economic evaluation tries for feasibility verification. Road type analysis results, time of day traffic volume variation, weekend-factor and vacation-factor are large in recreation roads. Weekday traffic volume and weekend traffic volume are similar patterns in provincial roads. AADT is high and time of day traffic volume variation is small in urban roads. In this study compares with economic analysis that designing of number of lane between KHCM's K-factor and this study K-factor. Economic analysis results, designed roads by this study's K-factor reduce cost about 4,708 hundred million won. So this study's K-factor is economical on provincial 4 lane roads.

• Journal of Korea Water Resources Association
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• v.36 no.1
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• pp.61-74
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• 2003

This study(II) apply to the A city by using the optimal rehabilitation model based on the deterioration prediction of the water distribution system proposed the study(I). The deterioration prediction model divides factors into 14 factors with digging and experiment and 9 factor without digging and experiment and calculate the deterioration degree. The application results of the deterioration prediction model show that a difference of the deterioration degree according to factor numbers is within 1~2%. Also, the model can predict the deterioration degree of each pipe without digging and experiment. The optimal rehabilitation model is divided into the optimal residual durability of each deterioration factor and budget constraint or not. The application result is as follow: the rehabilitation time and cost increase according to the increasing of the optimal residual durability. When compared the model with budget constraint and model without budget constraint, the former model increase the cost of total contents. In case of budget constraint, the increasing tendency is concluded that the pipe rehabilitation is executed in same budget every year in condition that every rehabilitation cost do not exceed the every year budget within the optimal residual durability.

• Journal of Institute of Control, Robotics and Systems
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• v.19 no.3
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• pp.195-201
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• 2013

In this paper, we present optimization technique for the response time of DVR (Dynamic Voltage Restorer) and the possible compensation range of voltage dip by the DVR system. To protect 3-phase phase-controlled rectifier from voltage dip, DVR system needs to have optimum response time as an important design factor. Although the fast response time of DVR ensures wider range of voltage dip, DVR controller has so high cost and poor stability. This paper proposes DVR system with optimum response time required for certain intensity of voltage dips and good stability to support possible compensation range of voltage dip. Proposed technique showed optimum response time and good stability for overall system. We believe that proposed technique is reliable and useful in DVR design.

• Journal of the Korean Operations Research and Management Science Society
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• v.39 no.1
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• pp.49-67
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• 2014

This paper proposes a real time pricing model for smart grid considering consumers' behavior, real time price elasticity, and exogenous price. Based on the proposed model, we found the weight of utility over cost is the most sensitive factor compared to other factors. Also, if the electricity price is set to be changed too sensitively to energy consumption, it is warned that real time pricing sometimes can cause increment of peak-time demand and volatility. Finally, real time pricing could be less efficient when the difference between the maximum and the minimum consumption level is small.

• Journal of Korean Society of Industrial and Systems Engineering
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• v.44 no.4
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• pp.154-168
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• 2021

COVID-19 has been spreading all around the world, and threatening global health. In this situation, identifying and isolating infected individuals rapidly has been one of the most important measures to contain the epidemic. However, the standard diagnosis procedure with RT-PCR (Reverse Transcriptase Polymerase Chain Reaction) is costly and time-consuming. For this reason, pooled testing for COVID-19 has been proposed from the early stage of the COVID-19 pandemic to reduce the cost and time of identifying the COVID-19 infection. For pooled testing, how many samples are tested in group is the most significant factor to the performance of the test system. When the arrivals of test requirements and the test time are stochastic, batch-service queueing models have been utilized for the analysis of pooled-testing systems. However, most of them do not consider the false-negative test results of pooled testing in their performance analysis. For the COVID-19 RT-PCR test, there is a small but certain possibility of false-negative test results, and the group-test size affects not only the time and cost of pooled testing, but also the false-negative rate of pooled testing, which is a significant concern to public health authorities. In this study, we analyze the performance of COVID-19 pooled-testing systems with false-negative test results. To do this, we first formulate the COVID-19 pooled-testing systems with false negatives as a batch-service queuing model, and then obtain the performance measures such as the expected number of test requirements in the system, the expected number of RP-PCR tests for a test sample, the false-negative group-test rate, and the total cost per unit time, using the queueing analysis. We also present a numerical example to demonstrate the applicability of our analysis, and draw a couple of implications for COVID-19 pooled testing.

• Journal of the Korean Institute of Illuminating and Electrical Installation Engineers
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• v.27 no.3
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• pp.16-25
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• 2013

Now it's a trend to install a series of white fluorescent light and orange high pressure sodium lamps because tunnel lighting should be opaque to the safety of drivers from soot, dust, humidity, and fog. Also fluorescent lighting is replaced to LED due to the fact that it improves amenity and object recognition and LED lighting has gradually been improved its nature. In this paper, we have implemented the circuits of the yellow series of high-pressure sodium lamps and white series of LED lights at one board to improve the transparency and recognition of objects. It is possible for inductive high-pressure sodium lamps and the capacitive LED drivers to circuit without power factor compensation. Two circuit parts share only a small number of parts, so low cost LED drivers compared to conventional ones are possible. Therefore, the implementation of the hybrid lighting with high-pressure sodium lamps and LED lights that can be driven at the same time by one driving circuit is possible. The LED capacitive power factor was 0.91 while individually implemented the sodium lamp power factor was 0.98. It shows not only the 2% improvement of hybrid forms but also the efficiency and THD.