• Title/Summary/Keyword: Value Engineering

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Estimating Economic Service Life of Assets by Using National Wealth Statistic (국부 통계조사자료를 이용한 자산별 경제적 감가상각추정에 대한 연구)

  • Cho, Jin-Hyung;Oh, Hyun-Seung;Lee, Sae-Jae;Suh, Jung-Yul
    • Journal of Korean Society of Industrial and Systems Engineering
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    • v.30 no.4
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    • pp.170-181
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    • 2007
  • The purpose of computing economic depreciation value is to find valuation of assets closely in line with market prices. The valuation of industrial assets are called Engineering Valuation. The two representative techniques for such valuation are Hulten-Wykoff Method, which estimates real value using regression equations, and T-factor Method devised at Iowa State University. The two are all empirical methods for computing service life (duration period). In this paper, we derived the service life by empirical methods using national wealth statistics, and also by more conventional methods such as original group method and retirement method. The results from each method are compared with one another. We also computed economic service life from these results. In S. Korea where amount of asset value statistics is still insufficient, the most effective method for empirically computing economic service life turns out to be the one using national wealth statistics. In addition, we also present economic relationship between depreciation value computed by using Hulten-Wykoff Method and depreciation value computed by using T-factor Method.

AN ASSESSMENT SYSTEM OF ECO-FRIENDLINESS OF CONSTRUCTED FACILITY IN THE DESIGN PHASE USING VALUE ENGINEERING

  • Byung-Soo, Kim;Dong-Eun, Lee;Suk-Hyun, Kwon;Min-Kwon, Choe
    • International conference on construction engineering and project management
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    • 2009.05a
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    • pp.1625-1629
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    • 2009
  • The new paradigm called 'Low Carbon Green Growth' involved in reducing greenhouse gas is on the rise as a critical issue worldwide. The essential of Kyoto protocol issued in 1997 is to achieve the sustainable economic growth environments by converting existing production system to eco-friendly one. The protocol imposes the liability to reduce greenhouse gas to the countries joined to it. The paradigm is directly involved in the energy consumption and environmental pollution caused by construction activities. Value Engineering which are mainly applied in the design phase in practice is a measure to improve the value of a constructed facility by analyzing and/or appraising the functions and costs of it. However, an appropriate method which assesses eco-friendliness of constructed facility has not been propose by researchers. This paper proposes a method which assesses the performance involved in eco-friendliness of constructed facility using Value Engineering (VE) in the design phase. The method estimates the environmental cost relative to the amounts of energy consumption and environmental pollution occurred over the entire project life cycle. The database called "Life Cycle Inventory DB", which stores information about the amounts of environmental pollution, is used. The algorithm which retrieves the amounts of environmental pollutions from the DB and converts them into environmental costs is developed. The algorithm is implemented into a system which quantifies the eco-friendliness of constructed facility in the design phase using VE.

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FPGA based Dynamic Thresholding Circuit

  • Cho, J.U.;Lee, S.H.;Jeon, J.W.;Kim, J.T.;Cho, J.D.;Lee, K.M.;Lee, J.H.;Byun, J.E.;Choi, J.C.
    • 제어로봇시스템학회:학술대회논문집
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    • 2004.08a
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    • pp.1235-1238
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    • 2004
  • Thresholding has been used to reduce the number of gray values in images. Typically, a single threshold value has been used, resulting in two gray level images. Image reduction of one single threshold value, however, may lose too much of the high-frequency edge information. Thus, dynamic thresholding that uses a different threshold for each pixel is preferred instead of using a single threshold value. Dynamic thresholding can preserve high frequency details as well as reduce the size of images. Since it takes long time to perform existing software dynamic thresholding in an embedded system, this paper proposes and implements a circuit by using a FPGA in order to perform a real-time dynamic thresholding,. The proposed circuit consists of two counters, and threshold look-up table, and control unit. The values of two counters determine each pixel position, the threshold look-up table converts each pixel value into other value, and the control unit generates necessary control signals. On arriving from a camera to the proposed circuit, each pixel is compared with its threshold value and is converted into other gray value. An image processing system by using the proposed circuit will be implemented and some experiments will be performed.

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Always Metastable State True Random Number Generator

  • Seo, Hwa-Jeong;Kim, Ho-Won
    • Journal of information and communication convergence engineering
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    • v.10 no.3
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    • pp.253-257
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    • 2012
  • This paper presents an efficient filtering system for a metastable state-based true random number generator. To output a result with high randomness, we use loop-storage for storing the value of metastability. During the metastable state, the output value is accumulated to the storage. When the non-metastable state arises, the stored metastable value will be used for output instead of the result of the non-metastable state. As a result, we can maintain high entropy together with the original throughput.

Energy demand analysis according to window size and performance for Korean multi-family buildings

  • Huh, Jung-Ho;Mun, Sun-Hye
    • Architectural research
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    • v.15 no.4
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    • pp.201-206
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    • 2013
  • Special attention is required for the design of windows due to their high thermal vulnerability. This paper examines the problems that might arise in the application of the u-value, by reflecting the changes in the u-value of the window, depending on the window-to-wall ratio obtained in an energy demand analysis. Research indicates that the u-value of a window increases with an increase in the difference between the u-values of the frames and the glass. Relative to the changes in the u-value of the windows, the energy demand varied from 1.3% to 9.3%. Windows with a g-value of 0.3 or 0.5 displayed a higher energy demand than windows with a g-value of 0.7. Therefore, when the difference between the performance of the glass and the frame is significant, especially when the g-value is small, a modified heat transmission coefficient should be applied to the window size during the evaluation of the building energy demand.

Statistical Analysis of Mechanical Parts Industry in Chungju Region (충주지역의 기계류 산업동향 통계분석)

  • Lee, Hyoung-wook;Park, Sung-jun
    • Journal of Institute of Convergence Technology
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    • v.2 no.2
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    • pp.55-58
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    • 2012
  • The strategic industry in Chungbuk province is the electric and electronic related industry. In the Chnugju region, the trend of major industry have change from the electric and electronic related industry to mechanical parts and components related industry include manufacturing of automobile and transportation. In this paper, we perform statistical analysis using the micro data service provided by the Statistics Korea, The CAGR of the number of employee and value-added value in the electric and electronic related industry during past 7 years are -7.1% and -13.2%, respectively while the CAGR in the mechanical parts related industry are 14.4% and 22.9%, respectively. However, value-added value per value of shipment of the mechanical related industry is lower than that of the electric and electronic related industry.

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ON A ROBUST DESIGN OF TIME-VARYING SYSTEM WITH BOUNDED DISTURBANCE

  • Suzumura, Fumihiro;Xu, Hau;Mizukami, Koichi
    • 제어로봇시스템학회:학술대회논문집
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    • 1990.10b
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    • pp.852-857
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    • 1990
  • The purpose of this paper is to design a robust controller for a class of time-varying systems with bounded disturbance described by the differential equation. The robust desiging method proposed in this paper, called "incentive design method" is different from developed designing methods in the past, and has following properties. The robust control law designed by this method can guarantee a certain value of the cost functional no matter how the disturbance vary within the given bounds. Here, the certain value of the cost functional may not be a saddle-point value, but is the value selected by a system designer. Therefore, the bounded disturbance has at least no bad effect on the value of the cost functional during finite interval of time. The method is based on the theory of incentive differential games. In addition, the form of control law is constructed by the system designer ahead of time. A numerical illustrative example is given in this paper. It is shown from this derivation and this numerical example that the approach developed in this paper is effective and feasible for some practical control problem.l problem.

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Development of Fault Detector for Series Arc Fault in Low Voltage DC Distribution System using Wavelet Singular Value Decomposition and State Diagram

  • Oh, Yun-Sik;Han, Joon;Gwon, Gi-Hyeon;Kim, Doo-Ung;Kim, Chul-Hwan
    • Journal of Electrical Engineering and Technology
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    • v.10 no.3
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    • pp.766-776
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    • 2015
  • It is well known that series arc faults in Low Voltage DC (LVDC) distribution system occur at unintended points of discontinuity within an electrical circuit. These faults can make circuit breakers not respond timely due to low fault current. It, therefore, is needed to detect the series fault for protecting circuits from electrical fires. This paper proposes a novel scheme to detect the series arc fault using Wavelet Singular Value Decomposition (WSVD) and state diagram. In this paper, the fault detector developed is designed by using three criterion factors based on the RMS value of Singular value of Approximation (SA), Sum of the absolute value of Detail (SD), and state diagram. LVDC distribution system including AC/DC and DC/DC converter is modeled to verify the proposed scheme using ElectroMagnetic Transient Program (EMTP) software. EMTP/MODELS is also utilized to implement the series arc model and WSVD. Simulation results according to various conditions clearly show the effectiveness of the proposed scheme.

Comprehensive Appraisal of Value Engineering Practices in Domestic Construction Industry (국내 건설 VE 적용 실무에 대한 분석 및 평가)

  • Park Chan-Sik;Lee Ji-Ung;Choi Seok-In
    • Korean Journal of Construction Engineering and Management
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    • v.3 no.2 s.10
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    • pp.67-74
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    • 2002
  • VE(Value Engineering) process and techniques are the systematic managerial tool for value engineers to help conduct VE study effectively. However, There is some difference between VE theory and practice in the domestic construction industry. Specially, function analysis appeared to be poorly recognized and regarded even as unnecessary in construction VE. It is needed to identify and enhance the problem areas to upgrade the VE practice. In order to investigate the current VE practice, a comprehensive literature survey and analysis were performed to obtain the trends and problems, related to the process and techniques. In the VE application of the domestic construction project, the study suggests some ideas and future study areas for the effective VE application in the construction industry.

The Impact of Business Process Reengineering on Cost Reduction of International Business Operating in the Middle East

  • ALHAWAMDEH, Tharwat
    • The Journal of Asian Finance, Economics and Business
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    • v.8 no.10
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    • pp.87-95
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    • 2021
  • This study aims to demonstrate the impact of BPR in reducing cost in international business organizations by analyzing the impact of decentralization, re-engineering organizational structures, re-engineering human resources, industrial process technology, improving total quality standards, and value engineering. The study population includes all the international business organizations operating in the Middle East, with the condition that they operate in at least four countries. The results showed that there is a significant effect of all dimensions of BPR in reducing costs in international business organizations operating in the Middle East. When studying the impact of the dimensions combined, the moral effect appeared at each processes (decentralization, re-engineering of human resources and industrial process technology), while the moral effect did not appear in (rebuilding organizational structures, improving total quality standards, and value engineering). This does not negate the importance of the impact of these dimensions, but rather shows a disparity between dimensions in reducing cost, when studying its combined effect. The study recommends that organizations should adopt modern management accounting methods, including value engineering, in order to identify and enhance activities that add value to the organization's operations, as well as identify and eliminate non-value adding activities, in order to reduce costs.