• Title/Summary/Keyword: cost forecast

Search Result 220, Processing Time 0.027 seconds

Trends and Directions in the Development of Wastewater Reclamation and Reuse Technology for Alternative Water Resources (대체수자원 확보를 위한 하수 재이용 기술 동향과 발전방향)

  • Cho, Il Hyoung;Lee, Si Jin;Kim, Ji Tae
    • Journal of Korean Society on Water Environment
    • /
    • v.29 no.1
    • /
    • pp.127-137
    • /
    • 2013
  • Reuse of wastewater will intensify in the coming decades due to water shortage, the change of climatic conditions, the need for industrial and agricultural use and the necessity of improving health and environmental conditions for the growing population. This paper considers (a) the status and trends of wastewater reuse and reclamation in the world, (b) case studies of wastewater reuse projects, (c) analysis of technology level, (d) forecast of global market, and (e) the future views and directions in development of wastewater reuse technologies. Based on the available documented literature, this paper provides a review assessment of the current status of the wastewater treatment processes including potential applications for reuse. Key challenges for both wastewater treatment and reuse are also discussed in the paper and include recommendations, e.g. cost, effluent water quality, energy use and technical solutions, for future developments.

R&D Intensity and Regulation Fair Disclosure

  • Park, Jin-Ha;Shim, Hoshik
    • The Journal of Asian Finance, Economics and Business
    • /
    • v.6 no.1
    • /
    • pp.281-288
    • /
    • 2019
  • This study examines the relationship between R&D intensity and disclosure. R&D activities are essential in bringing innovation to companies. However, R&D activities are naturally uncertain and increase information asymmetry. Thus, firms with high R&D activities are more likely to have the incentive to communicate the potential of R&D investment to the market through voluntary disclosure and, concurrently, resolve information asymmetry. Meanwhile, incentives to less voluntary disclosure exist because of the proprietary cost and the risk of competitiveness loss. Furthermore, the uncertainties inherent in R&D activities caused the possible decrease in the information accuracy. For the two opposing views, this study investigates the relationship between R&D intensity and disclosure frequency using the Regulation Fair Disclosure data in Korea. Moreover, the relationship between R&D intensity and usefulness of the information disclosed is also examined. Using firm sample listed in the 2011-2016 Korea Stock Market, results show that firms with high R&D intensity make disclosures more frequent. Subsequently, the analysis using forecast sample shows that management forecast error is higher in firms with high R&D intensity. This research contributes to the existing literature by presenting evidence that R&D intensity is a significant factor affecting manager's disclosure behavior and information usefulness.

A Study on the Development of Construction Dispute Predictive Analytics Model - Based on Decision Tree - (PA기법을 활용한 건설분쟁 예측모델 개발에 관한 연구 - 의사결정나무를 중심으로 -)

  • Jang, Se Rim;Kim, Han Soo
    • Korean Journal of Construction Engineering and Management
    • /
    • v.22 no.6
    • /
    • pp.76-86
    • /
    • 2021
  • Construction projects have high potentials of claims and disputes due to inherent risks where a variety of stakeholders are involved. Since disputes could cause losses in terms of cost and time, it is a critical issue for contractors to forecast and pro-actively manage disputes in advance in order to secure project efficiency and higher profits. The objective of the study is to develop a decision tree-based predictive analytics model for forecasting dispute types and their probabilities according to construction project conditions. It can be a useful tool to forecast potential disputes and thus provide opportunities for proactive management.

Runway visual range prediction using Convolutional Neural Network with Weather information

  • Ku, SungKwan;Kim, Seungsu;Hong, Seokmin
    • International Journal of Advanced Culture Technology
    • /
    • v.6 no.4
    • /
    • pp.190-194
    • /
    • 2018
  • The runway visual range is one of the important factors that decide the possibility of taking offs and landings of the airplane at local airports. The runway visual range is affected by weather conditions like fog, wind, etc. The pilots and aviation related workers check a local weather forecast such as runway visual range for safe flight. However there are several local airfields at which no other forecasting functions are provided due to realistic problems like the deterioration, breakdown, expensive purchasing cost of the measurement equipment. To this end, this study proposes a prediction model of runway visual range for a local airport by applying convolutional neural network that has been most commonly used for image/video recognition, image classification, natural language processing and so on to the prediction of runway visual range. For constituting the prediction model, we use the previous time series data of wind speed, humidity, temperature and runway visibility. This paper shows the usefulness of the proposed prediction model of runway visual range by comparing with the measured data.

Development of the Operation Cost Models for Preliminary Assessment of the Urban Railways (도시철도 예비타당성을 위한 운영비용함수 모형의 개발)

  • Lee, Jae-Myung;Won, Jai-Mu;Rho, Jeong-Hyun
    • Journal of the Korean Society for Railway
    • /
    • v.10 no.6
    • /
    • pp.766-771
    • /
    • 2007
  • In this research, we were going to make the function which can forecast the operating cost of metropolitan railroad that is performing a role of assistant highway within the city. In order to do this, based on service records of subway line 1st to 8th in Seoul, we extracted 23 variables which can affect to the operating cost, and we selected the final variable for estimate the function of operating cost from correlation among variables and influence analysis. Then, we performed regression analysis by stages using final variable. 6 independent variables are chosen for presuming the operating cost, and we obtained the final 3 variables (quantity of holding motor cars, peak quantity of possessed motor cars, and quantity of stations) as a result of regression analysis. Through this research, function of operating cost of metropolitan railroad has better applicability than existing preliminary validity, and it is used by further preliminary validity investigation and master plan or validity investigation which is accompanied by operation designing, thus we expect that it could make a great contribution to the priority order of investment for metropolitan railroad or process of policy decision.

Prediction of Final Construction Cost and Duration by Forecasting the Slopes of Cost and Time for Each Stage (공사 진행단계별 기울기 추정을 통한 최종 공사비 및 공기 예측)

  • Jin, Eui-Jae;Kwak, Soo-Nam;Kim, Du-Yon;Kim, Hyoung-Kwan;Han, Seung-Heon
    • Proceedings of the Korean Institute Of Construction Engineering and Management
    • /
    • 2006.11a
    • /
    • pp.137-142
    • /
    • 2006
  • Cost and duration is important factors which directly affect profit therefore must be forecasted correctly to accomplish success of projects. So construction company uses EVMS(Earned Value Management System) to forecast final cost and duration. But previous forecasting model has low accuracy because of its linear forecasting method and can't reflect characteristic of company and project and changes as each progress. This paper presents cost and duration forecasting model using the slope prediction of cost and duration as each progress to reflect the various characteristics of construction industry. EVMS data of 23 road construction projects was used to make up regression analysis equation of slope forecasting model.

  • PDF

A Study on the Forecasting Model of the Required Cost for the Long-term Repair Plan in Apartment housings (공동주택의 장기수선계획 소요비용 예측모델 연구)

  • Lee, Kang-Hee;Yoo, Uoo-Sang;Chae, Chang-U
    • KIEAE Journal
    • /
    • v.11 no.3
    • /
    • pp.63-68
    • /
    • 2011
  • Building deterioration would be proceeded by various causes such as physical, social, economic degradation. The deterioration would be inevitably prevented or delayed to get the decent function and performance in various building part and components. The maintenance and management are continued to provide the decent living condition for the household. The maintenance means mainly a repair, including the on-time and longterm plan. The longterm repair would be conducted by the systemic preparation in management activity and a required cost. Therefore, the annual due for the longterm repair plan is important to prepare the repair cost in a required time. In this paper, it aimed at analyzing the longterm repair cost and modelling to forecast the required cost in total area, number of household and time elapse in apartment housing. The estimation model of a repair cost is used with a power function which has a good statistics. Results of this study are shown that the sample has a longterm repair due in a $2,032won/m^2{\cdot}yr$ averagely which is higher than $912won/m^2{\cdot}yr$ in domestic. Second, the longterm repair due is proportionally correlated with the time elapse in both a total area and the number of household. Third, the estimation model for the longterm repair amount is suitable for the power function which is most in any other estimation models. Fourth, the ration of the longterm plan repair due a year to the cumulated longterm amount is about 26%.

Applying System Dynamics Model to Estimate the Effects of Healthy City Policies on Reducing Social Cost (시스템다이내믹스 기법을 이용한 건강도시화 정책의 사회적비용 절감효과 분석)

  • Kim, Eun Jung;Kim, Young-Pyo
    • Korean System Dynamics Review
    • /
    • v.13 no.3
    • /
    • pp.23-46
    • /
    • 2012
  • The purpose of this paper is to estimate effects of healthy city policies on reducing social costs. The analyses were dune at the cities, counties, and communities levels in 2009, and covered Seoul Metropolitan Area(SMA). For estimation of reducing social costs, it developed a system dynamics(SD) model that analyzed causal relationships between physical inactivity rates, the number of deaths, medical expenses, and total social costs. Simulation period of SD was from 2009 to 2030. Three alternatives were proposed with combinations of length of bike lanes, number of bus routes, crime rates, self-reported good health status rates, and obesity rates. The total estimated cost of physical inactivities from 2009 to 2030 was 31.9 trillion won from the future forecast without policies. As a result of simulations with three alternatives, there were economic benefit approximately from 119.7 billion won to 1.16 trillion won. This study contributed to better understanding the economic benefits of healthy cities that were associated with design of built environment and physical activity. It also emphasized the importance of healthy cities planning as one of national welfare polices.

  • PDF

A Prospect of Explosives Demolition Based on Comparative Analysis of Demolition Cost. (해체공사비 비교분석을 통한 발파해체 공법의 전망)

  • Cho Tae-Wan
    • Korean Journal of Construction Engineering and Management
    • /
    • v.5 no.4 s.20
    • /
    • pp.130-138
    • /
    • 2004
  • The demolition works of high building in korea are expecting to increase rapidly in the near future, and its general demolition methods can be divided into mechanical demolition method and explosive demolition method. The selection of the right demolition method relies on many variable elements according to environmental and geographical elements. But, generally, the most important element of those is a economical profit. Accordingly, This study estimates each demolition cost dividing into mechanical demolition method and explosive demolition method of high building in city. And the estimating of the demolition cost makes it possible to do comparative analysis for the economical efficiency of each method more objectively than any other selective elements. Also, the analysis for the economical efficiency helps to forecast the activated time of the explosive demolition method in domestic.

Initial Ship Allocation for the Fleet Systematization (선단구성을 위한 초기배선)

  • 이철영;최종화
    • Journal of the Korean Institute of Navigation
    • /
    • v.8 no.1
    • /
    • pp.1-16
    • /
    • 1984
  • The economical property of a shipping enterprise, as well as other transportation industries, is determined by the difference between the freight earned and expense paid. This study can be regarded as a division of optimizing ship allocation to routes under the integrated port transport system. Fleet planning and scheduling require complicated allocations of cargoes to ships and ships to routes in order to optimize the given criterion function for a given forecast period. This paper deals with the optimum ship allocation problem minimizing the operating cost of ships in a shipping company. Optimum fleet operating for a shipping enterprise is very important, since the marine transportation is a form of large quantity transport requiring long-term period, and there is a strong possibility to bring about large amount of loss in operation resulting from a faulty ship allocation. Where there are more than one loading and discharging ports, and a variety of ship's ability in speed, capacity, operating cost etc., and when the amount of commodities to be transported between the ports has been determined, then the ship's schedule minimizing the operating cost while satisfying the transport demand within the predetermined period will be made up. First of all a formula of ship allocation problems will be established and then will be constructed to solve an example by the Integer Programming application after consideration of the ship's ability, supply and demand of commodity, amount of commodity to be transported, operating costs of each ship etc. This study will give good information on deciding intention for a ship oprator or owner to meet the computerization current with shiping management.

  • PDF