• Title/Summary/Keyword: Well cost

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Comparative numerical analysis for cost and embodied carbon optimisation of steel building structures

  • Eleftheriadis, Stathis;Dunant, Cyrille F.;Drewniok, Michal P.;Rogers-Tizard, William;Kyprianou, Constantinos
    • Advances in Computational Design
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    • v.3 no.4
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    • pp.385-404
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    • 2018
  • The study investigated an area of sustainable structural design that is often overlooked in practical engineering applications. Specifically, a novel method to simultaneously optimise the cost and embodied carbon performance of steel building structures was explored in this paper. To achieve this, a parametric design model was developed to analyse code compliant structural configurations based on project specific constraints and rigorous testing of various steel beam sections, floor construction typologies (precast or composite) and column layouts that could not be performed manually by engineering practitioners. Detailed objective functions were embedded in the model to compute the cost and life cycle carbon emissions of the different material types used in the structure. Results from a comparative numerical analysis of a real case study illustrated that the proposed optimisation approach could guide structural engineers towards areas of the solution space with realistic design configurations, enabling them to effectively evaluate trade-offs between cost and carbon performance. This significant contribution implied that the optimisation model could reduce the time required for the design and analysis of multiple structural configurations especially during the early stages of a project. Overall, the paper suggested that the deployment of automated design procedures can enhance the quality as well as the efficiency of the optimisation analysis.

A Study on Methodology to Assess IT Investment by ROI (IT ROI에 의한 투자 타당성 평가 방법론 연구)

  • Kim, Young-Woon;Chong, Ki-Won
    • The Journal of Society for e-Business Studies
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    • v.11 no.1
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    • pp.53-67
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    • 2006
  • It is difficult to justify an IT investment unless the investment is expected to have a direct impact on a corporation's performance under rapidly changing business environment. It is important to demonstrate the benefit of the investment through a pre-investment assessment process to induce the executive's decision. This paper presents a methodology to assess the investment by analyzing cost and benefit of the investment. This methodology shows tangible cost as well as hidden cost by analyzing total cost of ownership. The methodology also produces ROI by performing cost benefit analysis including financial and non-financial factors. This paper suggests a systematic way to support If investment decision marking process by evaluating the investment objectively.

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A Simulation based Study on the Economical Operating Strategies for a Residential Fuel Cell System (시뮬레이션 기반 가정용 연료전지 시스템의 경제적 운전전략에 관한 연구)

  • Hwang, Su-Young;Kim, Min-Jin;Lee, Jin-Ho;Lee, Won-Yong
    • Transactions of the Korean hydrogen and new energy society
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    • v.20 no.2
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    • pp.104-115
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    • 2009
  • In case of residential fuel cell system, it is significant to stably supply heat and power to a house with high efficiency and low cost for the successful commercialization. In this paper, the control strategy analysis has been performed to minimize the total cost including capital and operating cost of the residential fuel cell system. The proposed analysis methodology is based on the simulator including the efficiency models as well as the cost data for fuel cell components. The load control strategy is the key factor to decide the system efficiency and thus the cost analysis is performed when the fuel cell system is operated for several different load control logics. Additionally, annual efficiency of the system based on the seasonal load data is calculated since system efficiency is changeable according to the electric and heat demand change. As a result, the hybrid load control combined electricity oriented control and heat oriented control has the most economical operation.

Analysis of Cost Benefit Related to Appointing a Health Care Manager in the Construction Industry (건설업 보건관리자 선임 관련 비용편익분석)

  • Jung, Hye-Sun;Yi, Jee-Seon;Shin, In-Jae;Choi, Eun-Hi
    • Korean Journal of Occupational Health Nursing
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    • v.25 no.2
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    • pp.130-140
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    • 2016
  • Purpose: The construction worker has diverse harmful factors such as noise, dust, and dealing with chemicals. Therefore this research aimed to examine the necessity of appointing a health manager in the construction industry by examining the cost-benefit analysis when the construction industry appoints a health manager. Methods: In order to calculate the healthcare staff employment cost and the benefits from their activities in 1,425 construction companies with the staff of 300 or more people during 2011, this study analyzed existing data and existing research data, as well as national data. Results: Total annual costs were 99,920,070,900 won and total annual benefits were 324,807,182,625 won. Benefits were found to be 224,887,111,725 won exceeding costs. Benefit/cost ratio resulting from appointing a health manager in the construction industry workplaces was 3.25 times. Conclusion: The findings of this research can be used as the base data to make rational decision to positively encourage the employment of healthcare staff in construction companies pursuant to relevant laws.

Optimal Operation Scale of Hog Production for Farrow-to-Finish Farms

  • Huang, Y.H.;Lee, Y.P.;Yang, T.S.
    • Asian-Australasian Journal of Animal Sciences
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    • v.14 no.9
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    • pp.1326-1330
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    • 2001
  • This study analyzed the lowest production cost and the greatest profit to be obtained from marketing hogs to determine the optimal operation scale for family-owned farrow-to-finish farms. Data were collected from 39 farrow-to-finish farms with 500 to 5,000 inventories for two consecutive years, and treated with GLM and quadratic regression models using the REG procedure. Analysis results indicated that farms capable of marketing 2,933 and 3,286 hogs annually had the lowest production cost and the greatest profit, respectively. Further analysis attributed the lowest production cost or the highest return in farms with an optimal scale of 3,000 to a higher survival rate of the herd, as well as lower expenses in veterinary medicine, labor, utilities and fuel, transportation, and depreciation. A similar feed conversion efficiency was observed for all the farms studied. Obviously, the cost efficiencies were associated with the economy of the operation scale of hog production until it reached 3,000 hogs marketed annually for a family-run unit. Beyond the optimal scale of 3,000 hogs, good stockmanship was more difficult to maintain and the herd management deteriorated as increasing mortality confirms. It is conclude that, unless advanced management is applied, the operation scale should not expand beyond 3,000 hogs.

Factors Associated with Use and Types of Multiple Concurrent Care and Education Arrangements in Early Childhood in South Korea

  • An, Miyoung
    • International Journal of Human Ecology
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    • v.15 no.2
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    • pp.81-92
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    • 2014
  • This paper explores factors associated with multiple concurrent care and education arrangements in early childhood in South Korea. It draws on a subsample from the Korean Longitudinal Survey of Women and Families. Results show that about one-fifth of the families utilized multiple arrangements for their first preschool child. The primary non-parental option in multiplicity was nurseries or kindergartens. Home care and education options such as home study materials were found to be most prevalent secondary non-parental option, followed by services at private institution as well as relative care. Children's age, care cost, non-parental care time and time constraints were found to be positively related to the incidence of multiplicity for the first preschool child while family income and cost constraints were negatively associated. As a secondary option in the multiplicity, services at private institutions increased with children's age, care cost and when the grandparents live far from the parents' house. Home care and education utilization was found more among mothers with low degree of time constraints. Utilization of relative support decreased with the children's age and meant lower care cost and increased with mother's employment, fathers' education, family income, cost constraints and when grandparents live nearby. This paper, based on the associated factors, suggests how issues of children enrichment and constraints might be related to the multiplicity.

Positioning of a Leader Robot in a Leader-Follower Robot Using Low-Cost Infrared(IR) Distance Sensors (저가형 적외선 거리 센서를 이용한 선도-추종 로봇시스템에서 선도로봇의 위치인식)

  • Sanjaakhand, Battuya;Jang, Moon-Suk;Cha, Dong-Hyuk
    • Journal of IKEEE
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    • v.24 no.1
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    • pp.275-283
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    • 2020
  • A leader-follower robot system using low cost small mobile robots has been developed. Sine the developed mobile robot is made of widely used low cost parts, it can be built easily and fastly. Characteristics of the developed sensor array composed of seven low-cost infrared(IR) distance sensors has been investigated, and a positioning algorithm of the reader robot is proposed. Through a series of experiments, it has been verified that the proposed algorithm can detect the position of the reader robot well.

The Multiple Traveling Purchaser Problem for Minimizing the Maximal Acquisition Completion Time in Wartime (전시 최장 획득완료시간 최소화를 위한 복수 순회구매자 문제)

  • Choi, Myung-Jin;Moon, Woo-Bum;Choi, Jin-Ho
    • Journal of the Korea Institute of Military Science and Technology
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    • v.14 no.3
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    • pp.458-466
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    • 2011
  • In war time, minimizing the logistics response time for supporting military operations is strongly needed. In this paper, i propose the mathematical formulation for minimizing the maximal acquisition completion time in wartime or during a state of emergency. The main structure of this formulation is based on the traveling purchaser problem (TPP), which is a generalized form of the well-known traveling salesman problem (TSP). In the case of the general TPP, an objective function is to minimize the sum of the traveling cost and the purchase cost. However, in this study, the objective function is to minimize the traveling cost only. That's why it's more important to minimize the traveling cost (time or distance) than the purchase cost in wartime or in a state of emergency. I generate a specific instance and find out the optimal solution of this instance by using ILOG OPL STUDIO (CPLEX version 11.1).

Development of a New Numerical Analysis Method for Nodal Probabilistic Production Cost Simulation (각 부하지점별 확률론적 발전비용 산정을 위한 수치해석적 방법의 개발)

  • Kim, Hong-Sik;Mun, Seung-Pil;Choe, Jae-Seok;No, Dae-Seok;Cha, Jun-Min
    • The Transactions of the Korean Institute of Electrical Engineers A
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    • v.50 no.9
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    • pp.431-439
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    • 2001
  • This Paper illustrates a new numerical analysis method using a nodal effective load model for nodal probabilistic production cost simulation of the load point in a composite power system. The new effective load model includes capacities and uncertainties of generators as well as transmission lines. The CMELDC(composite power system effective load duration curve) based on the new effective load model at HLll(Hierarchical Level H) has been developed also. The CMELDC can be obtained from convolution integral processing of the outage capacity probabilistic distribution function of the fictitious generator and the original load duration curve given at the load point. It is expected that the new model for the CMELDC proposed in this study will provide some solutions to many problems based on nodal and decentralized operation and control of an electric power systems under competition environment in future. The CMELDC based on the new model at HLll will extend the application areas of nodal probabilistic production cost simulation, outage cost assessment and reliability evaluation etc. at load points. The characteristics and effectiveness of this new model are illustrated by a case study of MRBTS(Modified Roy Billinton Test System).

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A Study on Method for Realization of Cost-based Quality Function Deployment(QFCD) (비용을 고려한 품질기능전개 구현방법에 관한 연구)

  • Choi, Yong-Jung;Lee, Phil-Jae;Han, Woo-Chul
    • Journal of the Korea Society of Computer and Information
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    • v.12 no.4
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    • pp.221-228
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    • 2007
  • Qualify Function Deployment(QFD) is a technique which was born in Japan as a strategy for assuring that quality is built into new products. QFD was first used in 1972 by Kobe Shipyard of Mitsubish Heavy Industrials Ltd. and was then referred to as the quality tables. After QFD is proposed, it has been applied by both many large and small companies around the world. Many studies related QFD are performed till now but study related "cost-based QFD(QFCD)" hasn't been performed actively. If cost-based QFD is not performed. the produced results will be included possibility that is not significant as well as realistic. Therefore, the purpose of this study is to improve effectiveness and efficiency for product development's result through QFD by introducing QFCD's concept and execution procedure.

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