• Journal of Korean Society of Industrial and Systems Engineering
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• v.28 no.4
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• pp.85-93
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• 2005

This paper is designed a VSI ${\overline{X}}$-CRL synthetic control chart in aspect of economy. We found the optimal sampling interval and various control limit factors under various cost parameters using cost function, proposed Lorenzen and Vance. Optimal design parameters include the sample size, control limit width, sampling interval, CRL/S chart control limit; L. Comparison and analysis of cost parameters are applied between synthetic VSI ${\overline{X}}$-CRL chart and FSI ${\overline{X}}$-CRL chart. The result of this paper shows that VSI ${\overline{X}}$-CRL chart brings cost-cutting effect of 3.04% control expense less than FSI control chart. It may not be difficult to establish the optimal economic control parameters to apply the practical cost parameters in the field.

• International Journal of Quality Innovation
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• v.3 no.2
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• pp.46-56
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• 2002

The presence of imprecise measurement may seriously affect the efficiency of process control and production cost. A cost model is derived to determine the design parameters of the economic asymmetric $\bar{X}$ and S control charts including measurement errors. The effects of imprecise measurement on the performance of the economic asymmetric $\bar{X}$ and S control charts and production cost are examined for the case where the process mean and process standard deviation may change. Application of the proposed control charts is demonstrated through an example. Numerical examples illustrate the effects of imprecise measurement on the design parameters of the proposed control charts. It shows that the imprecision measurement may seriously affrct the ability of the proposed control charts to detect process disturbances quickly, change the sampling frequency, and increase the production cost compared to the control charts excluding measurement errors.

• Korean Journal of Construction Engineering and Management
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• v.25 no.3
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• pp.27-36
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• 2024

The effective control of cost overrun is a crucial issue for construction companies to secure profitability. Especially in situations where cost pressures are significant due to factors such as rising raw material prices and increased financial costs due to high-interest rate policies, cost overruns resulting from project failures have a highly detrimental impact on the profitability of construction firms. The objective of this study is to analyze the current status of cost overrun control measures adopted by construction companies using the IPA technique and provide key characteristics and implications. The IPA analysis results showed that practitioners in general contractors exhibit a high level of interest and effort regarding cost overrun while the performance level is relatively low. Nevertheless, the measures considered important to control cost overruns generally show a high tendency for execution as well. Cost overrun control measures that show high importance but low execution are primarily related to collaboration and communication sectors. To effectively control cost overruns, enhancing collaboration and communication with construction supervisors/CM, headquarters, and regulatory authorities emerged as the most urgent need. Through this study, the current status and areas for improvement regarding cost overrun control measures in general contractors can be identified. This can be valuable for deriving directions and enhancements for future cost overrun control strategy development.

• KSCE Journal of Civil and Environmental Engineering Research
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• v.28 no.3D
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• pp.383-390
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• 2008

Construction safety control system had improved constantly but the severity rate of injury don't reduced, safety level of construction don't progressed as usual. In order to reduce of the severity rate of injury safety control in site is important but it needs to improve form of system that introduce obligation of safety design and design safety appraisement, an effect use method of safety control cost. The safety control cost is problem that reduce than design cost accordance bidding rate and use a little safety facility cost compare with labor cost. This study tried reduce the severity rate of injury by propose effective improvement scheme through relevant problem analysis to the safety control cost and remove caution that the severity rate of injury don't reduced.

• Proceedings of the KSME Conference
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• 2007.05a
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• pp.921-926
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• 2007

A dynamic system under random disturbance is considered in the study. In order to control the system efficiently, proper reduction of system dimension is indispensible in design stage. The reduction method using component cost analysis in conjunction with stochastic analysis is proposed for the control of a system. System response is obtained in terms of dynamic moment equation via Fokker-Plank-Kolmogorov(F-P-K) equation. The dynamic moment response of the system under random disturbance are reduced by using of deterministic version of component cost analysis. The reduced system via proposed "stochastic component cost analysis" is successfully implemented for dynamic response and shows remarkable control performance effectively utilizing "stochastic controller" in physical time domain.

• Korean Journal of Air-Conditioning and Refrigeration Engineering
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• v.20 no.2
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• pp.97-105
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• 2008

This paper presents simulated and experimental test results of optimal control algorithm for an encapsulated ice thermal storage system with full capacity chiller operation. The algorithm finds an optimal combination of a chiller and/or a storage tank operation for the minimum total operation cost through a cycle of charging and discharging. Dynamic programming is used to find the optimal control schedule. The conventional control strategy of chiller-priority is the baseline case for comparing with the optimal control strategy through simulation and experimental test. Simulation shows that operating cost for the optimal control with chiller on-off operation is not so different from that with chiller part load capacity control. As a result from the experimental test, the optimal control operation according to the simulated operation schedule showed about 14 % of cost saving compared with the chiller-priority control.

• 제어로봇시스템학회:학술대회논문집
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• 2000.10a
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• pp.377-377
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• 2000

Current software cost estimation models, such as the 1951 COCOMO, its 1987 Ada COCOMO update, is composed of nonlinear models, such as product attributes, computer attributes, personnel attributes, project attributes, effort-multiplier cost drivers, and have been experiencing increasing difficulties in estimating the costs of software developed to new lift cycle processes and capabilities. The COCOMO II is developed fur new forms against the current software cost estimation models. This paper provides a case-based analysis result of the cost driver in the software cost models, such as COCOMO and COCOMO 2.0 by fuzzy and neural network.

• Transactions on Control, Automation and Systems Engineering
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• v.3 no.1
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• pp.27-31
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• 2001

In this paper, we consider the guaranteed cost filtering design method for time-varying delay system with parameter uncertainties by LMI(Linear Matrix Inequality) approach. The objective is to design a stable guaranteed cost filter which minimizes the guaranteed cost fo the closed loop systems in filtering error dynamics. The sufficient conditions for the existence of filter, the guaranteed cost filter design method, and th guaranteed cost upper bound are proposed by LMI technique in terms of all finding variables. Finally, we give an example to check the validity of the proposed method.

• Journal of Korean Society for Quality Management
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• v.18 no.1
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• pp.77-83
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• 1990

A model for the economic design of an pn control charts with an assignale cause is presented and the loss-cost function for control schemes using these charts is derived. By minimizing this function with respect to the three control variables, namely, the sample size, the sampling interval and acceptance number, the economically optimal control plan can be optained. The article shows what influence increasing or decreasing condition, according to changeability of the size of these factors, of expected cost can have on the economy when an attribute control chart is used.

• Journal of Information Technology Applications and Management
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• v.15 no.3
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• pp.195-208
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• 2008

In an emergency management case, evaluating the economic value of information technology investments is a challenging problem due to the effects of decision making, uncertainty of disasters, and difficulty of measurements. Risk assessment and recovery process, one of the major functions in emergency management, consists of (1) measurement of damages or losses, (2) recovery planning, (3) reporting and approving budgets, (4) auctioning off recovery projects to constructors, and (5) construction for the recovery. Specifically and of our interest, measurement of damages or losses is often a costly and time-consuming process because the wide range of field surveys should be performed by a limited pool of trained agents. Managers, therefore, have to balance accuracy of the field survey against the total time to complete the survey. Using information technologies to support field survey and reporting has great potential to reduce errors and lowers the cost of the process. However, existing cost benefit analysis framework may be problematic to evaluate and justify the IT investment because the cost benefit analysis often include the long-run benefit of IT that is difficult to quantify and overlook the impact of managerial control upon the investment outcomes. Therefore, we present an alternative cost-centric control model that conservatively quantifies all cost savings to replace benefits in cost benefit analysis and incorporate the managerial control. The model provides a framework to examine how managerial decision making and uncertainty of disaster affect the economic value of IT investments. The current project in Emergency Agency in South Korea is introduced as a case to apply the cost-centric control model. Our work helps managers to better evaluate and justify IT-related investment alternatives in emergency management.