• Title/Summary/Keyword: Time-cost Tradeoff Analysis

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Stochastic Time-Cost Tradeoff Using Genetic Algorithm

  • Lee, Hyung-Guk;Lee, Dong-Eun
    • International conference on construction engineering and project management
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    • 2015.10a
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    • pp.114-116
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    • 2015
  • This paper presents a Stochastic Time-Cost Tradeoff analysis system (STCT) that identifies optimal construction methods for activities, hence reducing the project completion time and cost simultaneously. It makes use of schedule information obtained from critical path method (CPM), applies alternative construction methods data obtained from estimators to respective activities, computes an optimal set of genetic algorithm (GA) parameters, executes simulation based GA experiments, and identifies near optimal solution(s). A test case verifies the usability of STCT.

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A Regression-Based Approach for Central Warehouse Location Problem (중앙창고 입지선정을 위한 회귀분석기반 해법)

  • Yoo, Jae-Wook;Lee, Dong-Ju
    • Journal of Korean Society of Industrial and Systems Engineering
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    • v.32 no.2
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    • pp.57-65
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    • 2009
  • In continuous review inventory model, (${\varrho}$, ${\gamma}$) system, order quantity(${\varrho}$) and reorder point(${\gamma}$) should be determined to calculate inventory-related cost that consists of setup, holding, and penalty costs. The procedure to obtain the exact value of ${\varrho}$ and ${\gamma}$ is complex. In this paper, a regression analysis is proposed to get the approximate inventory-related cost without the determination of ${\varrho}$ and ${\gamma}$ in the case that the standard deviation(${\sigma}$) of the lead time demand is small or that the mean(${\mu}$) of the lead time demand is proportional to ${\sigma}$. To save inventory-related cost, central warehouses with (${\varrho}$, ${\gamma}$) system can be built. Central warehouse can provide some stores with products with the consideration of the tradeoff between inventory-related cost and transportation cost. The number and the location of central warehouses to cover all the stores are determined by a regression-based approach. The performance of the proposed approach is tested by using some computational experiments.

APPLICATION OF FUZZY LINEAR PROGRAMMING FOR TIME COST TRADEOFF ANALYSIS

  • Vellanki S.S. Kumar;Mir Iqbal Faheem;Eshwar. K;GCS Reddy
    • International conference on construction engineering and project management
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    • 2007.03a
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    • pp.69-78
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    • 2007
  • In real world, the project managers handle conflicting goals that govern the use of resources within the stipulated time and budget with required quality and safety. These conflicting goals are required to be optimized simultaneously by the project managers in the framework of fuzzy aspiration levels. The fuzzy linear programming model proposed herein helps project managers to minimize total project costs, completion time, and crashing costs considering indirect costs, contractual penalty costs etc by practically charging them in terms of direct cost of the project. A case study of bituminous pavement under construction is considered to demonstrate the feasibility of applying the proposed model for optimization of project parameters. Consequently, the proposed model yields an efficient compromise solution and the decision maker's overall degree of satisfaction with multiple fuzzy goal values. Additionally, the proposed model provides a systematic decision-making framework, enabling decision maker to interactively modify the fuzzy data and model parameters until a satisfactory solution is obtained. The significant characteristics that differentiate the proposed model with other models include, flexible decision-making process, multiple objective functions, and wide-ranging decision information.

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Hardware Design of Bilateral Filter Based on Window Division (윈도우 분할 기반 양방향 필터의 하드웨어 설계)

  • Hyun, Yongho;Park, Taegeun
    • The Journal of Korean Institute of Communications and Information Sciences
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    • v.41 no.12
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    • pp.1844-1850
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    • 2016
  • The bilateral filter can reduce the noise while preserving details computing the filtering output at each pixels as the average of neighboring pixels. In this paper, we propose a real-time system based on window division. Overall performance is increased due to the parallel architectures which computes five rows in the kernel window simultaneously but with pipelined scheduling. We consider the tradeoff between the filter performance and the hardware cost and the bit allocation has been determined by PSNR analysis. The proposed architecture is designed with verilogHDL and synthesized using Dongbu Hitek 110nm standard cell library. The proposed architecture shows 416Mpixels/s (397fps) of throughput at 416MHz of operating frequency with 132K gates.

Performance Optimization and Analysis on P2P Mobile Communication Systems Accelerated by MEC Servers

  • Liang, Xuesong;Wu, Yongpeng;Huang, Yujin;Ng, Derrick Wing Kwan;Li, Pei;Yao, Yingbiao
    • KSII Transactions on Internet and Information Systems (TIIS)
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    • v.16 no.1
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    • pp.188-210
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    • 2022
  • As a promising technique to support tremendous numbers of Internet of Things devices and a variety of applications efficiently, mobile edge computing (MEC) has attracted extensive studies recently. In this paper, we consider a MEC-assisted peer-to-peer (P2P) mobile communication system where MEC servers are deployed at access points to accelerate the communication process between mobile terminals. To capture the tradeoff between the time delay and the energy consumption of the system, a cost function is introduced to facilitate the optimization of the computation and communication resources. The formulated optimization problem is non-convex and is tackled by an iterative block coordinate descent algorithm that decouples the original optimization problem into two subproblems and alternately optimizes the computation and communication resources. Moreover, the MEC-assisted P2P communication system is compared with the conventional P2P communication system, then a condition is provided in closed-form expression when the MEC-assisted P2P communication system performs better. Simulation results show that the advantage of this system is enhanced when the computing capability of the receiver increases whereas it is reduced when the computing capability of the transmitter increases. In addition, the performance of this system is significantly improved when the signal-to-noise ratio of hop-1 exceeds that of hop-2.

Vertical Integration of Solar business and its Value Analysis: Efficiency or Flexibility (태양광 수직통합화가 사업가치에 미치는 영향: 효율성 및 유연성)

  • Kim, Kyung-Nam;Jeon, Woo-Chan;SonU, Suk-Ho
    • New & Renewable Energy
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    • v.8 no.2
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    • pp.33-43
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    • 2012
  • Why solar companies preferred vertical integration of whole value chain? Major solar companies have built internally strong vertical integration of entire PV value chain. We raise a question whether such integration increases the corporate value and whether market situation affects the result. To test these questions, we conducted multi-variant analysis where characteristic factors mainly affect the corporate value measured in terms of Tobin'Q, based on the financial and non-financial data of PV companies listed in US stock market between 2005 and 2010. We hypothesize that since integration increases the overall efficiency but decreases the flexibility to adjust to various market situation, the combined effect of the efficiency gain and the flexibility loss ultimately determines the sign of integration effect on the corporate vale. We infer that the combined effect will be influenced heavily by business cycle, as in boom market (Seller's market) the efficiency gain may be larger than the flexibility loss and vice versa in bust market. We test whether the sign of combined effect changes after the year of 2009 and which factors influence most the sign. Year of 2009 is known as the year when market shifted from Seller's to Buyer's market. We show that 1) integration increases corporate value in general but after 2009 integration significantly decreases the value, 2) the ratios such as Production/Total Cost, Cash turnover period chosen for reversal of the flexibility measure are negatively affect Tobin's Q and especially stronger after 2009. This shows the flexibility improves corporate value and stronger in the recess period (Buyer's market). These results imply that solar company should set up integration strategy considering the tradeoff between efficiency and flexibility and the impact of the business cycle on both factors. Strategy only based on the price competitiveness determined in boom time can bring undesirable outcomes to the company. In addition, Strategic alliances in some value chains as a flexible bondage should be taken in account as complementary choice to the rigid integration.