• Title/Summary/Keyword: Value of Float

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Quantifying Monetary Value of Float

  • Park, Young-Jun;Lee, Dong-Eun
    • International conference on construction engineering and project management
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    • 2015.10a
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    • pp.111-113
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    • 2015
  • Floats are used by the parties involved in a construction project. The owner may use float by changing order(s) or by executing risk avoidance plan; the contractor may use it for leveling resources or substituting activities' construction methods to reduce costs. Floats are accepted either just as by-product obtained by critical path method(CPM) scheduling or as asset having significant value. Succinctly, existing studies involved in float value does not consider its' changes on project time domain. It is important to identify float ownership and to quantify its' corresponding values. This paper presents a method that quantifies float value of money that changes over project execution. The method which accurately computes the monetary value of float may contributes to resolve conflicts relative to float ownership and/or delay issues among project participants. It compares the difference between the monetary value of total float - on non-critical path in each and every schedule update. It makes use of critical path method (CPM) and commercial software with which practitioners are already familiar.

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Experimental and numerical study on the wave force calculation of a partially immersed horizontal cylindrical float

  • Liu, Bijin;Fu, Danjuan;Zhang, Youquan;Chen, Xiaoyun
    • International Journal of Naval Architecture and Ocean Engineering
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    • v.12 no.1
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    • pp.733-742
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    • 2020
  • Taking the cylindrical float of the floating fence of a floating litter collection device as the research object, based on the shallow immersion characteristics of the cylindrical float, the Morison equation is modified, and the interaction between regular waves and the partially immersed horizontal cylindrical float is discussed in combination with scale model test. The results show that the modified Morison equation can accurately predict the wave force of the horizontal cylindrical float and reveal the influence of amplitude, immersion depth and period on the wave force of the cylindrical float. For partially immersed cylindrical floats, the wave force increases with the increase in wave height and decays with the increase in period. The positive value distribution of the wave force is larger than that of the negative direction, and the difference between the positive and negative directions is mainly affected by the immersion depth.

Quantifying the Value of Floats (작업여유시간의 가치 정량화 방법론)

  • Park, Young-Jun;Lee, Dong-Eun
    • Proceedings of the Korean Institute of Building Construction Conference
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    • 2015.05a
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    • pp.123-124
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    • 2015
  • The project participants make use of floats for their benefits. The owner may consume floats in an event of issuing change order(s) and may avoid the risk factors attributed by them; the contractor may reduce activities' costs by substituting the activity with alternative construction method and by leveling the resources, hence consuming floats. There are a lot of disputes and claims involved in the float ownership issue. The ownership of floats should be stipulated in the contract stage. To alleviate these disputes and claims, it is commendable to develop a computational method that quantifies the float value. This paper presents the method that computes the values of total floats which changes over the project life span. The system calculates CPM, compute the ratio of area of banana curve which is enclosed by earliest start curve and latest start-curve.

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Resource Leveling using Genetic Algorithm (유전알고리즘을 활용한 자원평준화 방법론)

  • Gwak, Han-Seong;Bea, Sang-Hee;Lee, Dong-Eun
    • Journal of the Architectural Institute of Korea Structure & Construction
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    • v.34 no.2
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    • pp.67-74
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    • 2018
  • Resource leveling minimizes resource fluctuations by deferring the earliest start times (ESTs) of non-critical activities within their corresponding total float. The intentional float-consumption for resource leveling purpose reduces the schedule delay contingency. This paper presents a method called Genetic Algorithm based Resource Leveling (GARL) that minimizes resource fluctuations and float-consumption impact over project duration. It identifies activities that are less sensitive to float-consumption and performs resource leveling using those activities. The study is of value to project scheduler because GARL identifies the set of activities to be deferred and the number of shift day(s) of each and every activities in the set within its total float expeditiously. It contributes to establish a baseline schedule which implements an optimal resource leveling plan. A case study is presented to verify the validity and usability of the method. It was confirmed that GARL satisfies the project duration constraint by considering resource fluctuations and float-consumption over project duration.

Melt Properties of Plasma Display Panel Substrate Glasses Based on Float Process (Float 공법을 고려한 Plasma Display Panel용 기판유리 용융체의 특성)

  • Kim, Ki-Dong;Jung, Woo-Man;Jung, Hyun-Su;Kwon, Sung-Ku;Choi, Se-Young
    • Journal of the Korean Ceramic Society
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    • v.43 no.7 s.290
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    • pp.433-438
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    • 2006
  • In order to examine the working condition of melts in tin bath of float process it was investigated Sn diffusion behavior and solidification rate of melts for alkali-alkaline earth-silica PDP substrate glasses such as commercial CaO rich CS-77 glass, commercial $Al_2O_3$ rich PD-200 glass and self developed $SiO_2$ rich T-series (T-2, T-4, T-6) glasses. In the case of Sn depth and concentration created in glass surface by ion exchange between Sn and alkali, T-series showed lower value than CS-77, especially T-2 is more excellent than PD-200. The solidification rate of melts expressed by cooling time between $log{\eta}=4\;and\;7.6dPa{\cdot}s$ was low for T-series comparing with CS-77 and PD-200. Therefore, it was concluded that T-series is desirable considering forming condition in the tin bath of the float process.

Physical Properties of Knitted Fabrics on Knitting Structure for Medical Compression Garments (고령사회에 대비한 노인 건강 의류 제품 개발을 위한 기초 연구 - 니트 소재 압박복을 중심으로 -)

  • Park, Myung-Ja;Sang, Jeong-Seon
    • The Research Journal of the Costume Culture
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    • v.19 no.2
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    • pp.334-345
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    • 2011
  • A study on compressive garments guarantee the required pressure and form depending on the type of disease and the state of injury can be used in the preventive treatment of cardiovascular disease. This research is to provide a preliminary data to develop medical clothing products, especially knitted compression garments. Starting from analyzing knitted structure of imported pressure goods to apply to test samples, 11 kinds of knitted stretchy fabrics were manufactured under the various knitting conditions, then their tensile, mechanical and hand properties were measured. In comparison size changes by knitting structure, tuck stitch applied structure showed an increase in course direction and decrease in wale direction. Float stitch applied structure indicated the contraction of size in width because of unformed loops and floated yarn on the technical back of fabric. As a result of tensile properties in tuck and float applied structure, tensile strength was increased in the course direction. On the other hand, the more loops overlapped due to the tuck and float stitch, the more decreased their elongation and elastic recovery were. In case of mechanical properties, as the tuck and float stitch were overlapped double or triple the bending and shearing properties were risen. Accordingly, the drape of fabric becomes stiff, and its surface becomes rough and uneven. The measurements of hand properties showed that the value of KOSHI, FUKURAMI NUMERI in tuck and float applied structure are higher than the plain structure. This results from the relationship between the mechanical and hand properties.

Valuation of Pure Internet Business : An Exploratory Study (국내 순수 인터넷 기업평가에 관한 탐색적 연구)

  • 김정욱;정승렬;이재정
    • Korean Management Science Review
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    • v.17 no.3
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    • pp.61-71
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    • 2000
  • Due to the potential growing capability that reflects future value, the market value of internet business companies (IB) are still evaluated high although major players like Amazon continuously suffer losses. Then, how do investors valuate the potential growing capabilities given that traditional financial/accounting based valuation approaches seem to be inappropriate for IB. This study attempts to provide an answer to this issue. We, therefore, analyzed the predictability of various accounting and non-accounting variables for IB value. These include book value, net income, unique visitors, page view, reach rate, public float and institutional holdings. Because of being in infant stage and difficulties in obtaining necessary web traffic data, sample of 20 pure IB were selected from Korea Stock Exchange Market, KOSDAQ, and informal market. The results of this study showed that web traffic date had the strongest relationship with IB value. In particular, unique visitors and reach rate were found to be best predictors for IB value while page view was reasonable indicator. Interestingly, net income was not found to related to IB value. This calls for an attention to the typical characteristics of IB that my hinder the usage of traditional valuation approaches for IB. Another results revealed that none of both public float and institutional holdings was significantly associated with IB value, indicating market’s supply-demand factors were less important than traffic information.

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Development for Fishing Gear and Method of the Non-Float Midwater Pair Trawl Net(I) - Opening Efficiency of Model Net according to the Length of Lower Warp - (무부자 쌍끌이 중층망 어구어법의 개발(I) - 아래끌줄의 길이에 따른 모형어구의 전개성능 -)

  • 이주희;유제범;이춘우;권병국;김정문
    • Journal of the Korean Society of Fisheries and Ocean Technology
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    • v.39 no.1
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    • pp.33-43
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    • 2003
  • The midwater pair trawl which is being used at present in Korea have several problems. Firstly, it is difficult to control the net height on high towing speed. Secondly, net breaking often occurs owing to floats and thirdly, the volume of net on the net drum is so large. This study is aiming for examining the possibility of application for the Korean midwater pair trawl through the model experiment of non-float midwater pair trawl. The model of non-float midwater pair trawl was manufactured as 1/100 of the full scale net which is being used in bottom pair trawl for 850ps class considering the Tauti's Similarity law. The model experiment was carried out to analyze the opening efficiency according to the variation of lower warp length and the opening efficiency was investigated between th proto type and non-float type. The results obtained can be summarized as follows ; 1. The hydrodynamic resistance of non-float type was about 10~20% smaller than that of the proto type and it increased about 1ton according to the increase of dL at the condition of the same flow speed. The resistance acting on the lower warp decreased about 5% but that of the upper warp increased according to the increase of lower warp length (dL) at the condition of the same flow speed. 2. The net height of the non-float type decreased almost linearly according as the increased of flow speed and it increased in a logarithmic functional form with the increase of the lower warp length at the condition of the same flow speed. On the decreasing rate of the net height, the non-float type was lower than the proto type and the difference of the decreasing rate was about 12% at 3.0 knot, 25% at 4.0 knot, 25% at 4.0 knot respectively when dL was 30m. 3. The net width of non-float type was not varied so much as only 2m range and was larger than that of proto type. 4. The mouth area of non-float type decreased in a exponential functional form. On the decreasing rate of the mouth area, the non-float type was lower than the proto type. The filtering volume increased in a logarithmic functional form with increasing flow speed and the filtering volume of proto type decreased steeply over 3.0knot, but that of non-float type increased until 4.0knot. 5. The optimal length of lower warp was when the value of dL was about 30m and the optimal position of front weight was at the connection point of four net pendants.

A study for electric power of float-counterweight wave energy converter (복수 연결된 부유체-균형추식 파력발전장치의 전력량에 관한 연구)

  • Lee, Sung-Bum;Hadano, Kesayoshi;Moon, Byung-Young
    • Journal of Advanced Marine Engineering and Technology
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    • v.38 no.7
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    • pp.936-942
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    • 2014
  • As a result of the exhaustion of fossil fuel, interest about renewable energy is increasing day by day. Inter alia, study for wave power energy of which the calculability is high and the available amount is abundant is going along actively. As a float-countweight wave energy converter is equivalent improved structural strength compared with oscillating body type. we made the wave only in order to up and down motion by setting up bulkhead which is called wave camber at the outside of float. This paper mainly focuses on generation amount of plural connected float-counterweight wave energy converter and we calculate the amount. The result, we confirmed that the more a numerical value of nl/L increases, the more amount of electricity rises and also when it is over nl/L=0.40, it is possible to get continuous generation. Through this study, we can use as basic data for design of wave chamber on advantageous condition at the real seas and by way of estimation for generation amount.

Study on the Floating and Sinking of Insects Living on Water (물 위에 사는 곤충의 부양과 가라앉음에 관한 연구)

  • Lee Duck-Gyu;Kim Ho-Young
    • Transactions of the Korean Society of Mechanical Engineers B
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    • v.30 no.10 s.253
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    • pp.982-986
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    • 2006
  • It is well known that the surface tension forces can make a particle denser than water float when the size of the particle is of the order of 1 mm. This is deeply related to the basic mechanism enabling small insects to wander around on the pond surface and also to a newly emerging technology of self-assembly using capillary forces. For the quantitative understanding of this effect, we experimentally study the maximum density of a cylinder that can float on water and how fast the cylinder sinks when the density exceeds the maximum value. We compare our experimental results with the theoretical prediction and find good agreement between them.