• Title/Summary/Keyword: cost functions

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The Development of Model and Cost Analysis to the Application of Modular Production System in Lean Supply Chain Management (Lean SCM에서의 모듈생산의 적용에 따른 모델개발과 원가분석)

  • 김태호;양광모;권정휘;강경식
    • Journal of the Korea Safety Management & Science
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    • v.4 no.4
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    • pp.73-85
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    • 2002
  • The supply chain not only includes the manufacturer and suppliers, but also transporters, warehouses, retailers, and customers themselves. Within each organization, such as manufacturer, the supply chain includes all functions involved in filling a customer request. these functions include, but are not limited to, new product development, marketing, operation, distribution, finance, and customer service. Lean Supply chain coordination improves if all supplier of chain take actions that together increase total supply chain profits. To design of Modularity by the grouping supplier, the proposed method is to develop the most appropriate production system models in the Supply Chain Management which is necessity of the times and its importance. The objects of this study is development of model and cost analysis to the modular production system in Lean SCM. Introduction of modular production system in Lean SCM is effective in reducing the cost in processing, manufacturing, inventory holding, ordering, etc.

Analysis on Incomplete Information in an Electricity Market using Game Theory (게임이론을 이용한 전력시장 정보의 불완비성 해석)

  • Lee, Kwang-Ho;Shin, Jae-Hong
    • The Transactions of the Korean Institute of Electrical Engineers A
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    • v.55 no.5
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    • pp.214-219
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    • 2006
  • Oligopoly differs from perfect competition and monopoly in that a firm must consider rival firms' behavior to determine its own best policy. This interrelationship among firms is the issue examined in this paper. In the oligopoly market, the complete information market means that each producer has full information about itself, the market, and its rivals. That is, each producer knows the market demand function, its own cost function and the cost functions of rivals. On the other hand, the incomplete information market means that in general each producer lacks full information about the market or its rivals. Here, we assume that each firm doesn't know the cost functions and the strategic biddings of its rivals. The main purpose of this paper is to analyze firm' strategic behaviors and equilibrium in an electricity market with incomplete information. In the case study, the complete information market and the incomplete market are compared at the Nash Equilibrium from the viewpoints of market price, transaction quantities, consumer benefits, and Social Welfare.

Economic Power Dispatch with Discontinuous Fuel Cost Functions using Improved Parallel PSO

  • Mahdad, Belkacem;Bouktir, T.;Srairi, K.;Benbouzid, M.EL.
    • Journal of Electrical Engineering and Technology
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    • v.5 no.1
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    • pp.45-53
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    • 2010
  • This paper presents an improved parallel particle swarm optimization approach (IPPSO) based decomposed network for economic power dispatch with discontinuous fuel cost functions. The range of partial power demand corresponding to the partial output powers near the global optimal solution is determined by a flexible decomposed network strategy and then the final optimal solution is obtained by parallel Particle Swarm Optimization. The proposed approach tested on 6 generating units with smooth cost function, and to 26-bus (6 generating units) with consideration of prohibited zone effect, the simulation results compared with recent global optimization methods (Bee-OPF, GA, MTS, SA, PSO). From the different case studies, it is observed that the proposed approach provides qualitative solution with less computational time compared to various methods available in the literature survey.

Product Cost Estimation using Integrated BOM in PDM (PDM 환경에서 통합BOM을 사용한 제품원가추정)

  • 백종건;임석철
    • Journal of Korean Society of Industrial and Systems Engineering
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    • v.22 no.50
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    • pp.231-241
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    • 1999
  • Recent market competition forces the price to be determined in the design stage so that the design would meet the target price of the product. However, most commercial PDM(Product Data Management) systems currently in use lack such a cost estimation function. In this paper, we propose detailed structure and functions of a new approach to estimate the cost of new products using integrated BOM in PDM. Such system will reduce the total life cycle cost of the products to be designed.

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Simulation of Whole Body Posture during Asymmetric Lifting (비대칭 들기 작업의 3차원 시뮬레이션)

  • 최경임
    • Journal of the Korea Safety Management & Science
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    • v.4 no.2
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    • pp.11-22
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    • 2002
  • In this study, an asymmetric lifting posture prediction model was developed, which was a three-dimensional model with 12 links and 23 degrees of freedom open kinematic chains. Although previous researchers have proposed biomechanical, psychophysical, or physiological measures as cost functions, for solving redundancy, they lack in accuracy in predicting actual lifting postures and most of them are confined to the two-dimensional model. To develop an asymmetric lifting posture prediction model, we used the resolved motion method for accurately simulating the lifting motion in a reasonable time. Furthermore, in solving the redundant problem of the human posture prediction, a moment weighted Joint Range Availability (JRA) was used as a cost function in order to consider dynamic lifting. However, it is known that the moment weighted JRA as a cost function predicted the lower extremity and L5/S1 joint motions better than the upper extremities, while the constant weighted JRA as a cost function predicted the latter better than the former. To compensate for this, we proposed a hybrid moment weighted JRA as a new cost function with moment weighted for only the lower extremity. In order to validate the proposed cost function, the predicted and real lifting postures for various lifting conditions were compared by using the root mean square(RMS) error. This hybrid JRA reduced RMS more than the previous cost functions. Therefore, it is concluded that the cost function of a hybrid moment weighted JRA can be used to predict three-dimensional lifting postures. To compare with the predicted trajectories and the real lifting movements, graphical validations were performed. The results also showed that the hybrid moment weighted cost function model was found to have generated the postures more similar to the real movements.

Edge Detection using Enhanced Cost Minimization Methods

  • Seong-Hoon Lee
    • International journal of advanced smart convergence
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    • v.13 no.2
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    • pp.88-93
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    • 2024
  • The main problem with existing edge detection techniques is that they have many limitations in detecting edges for complex and diverse images that exist in the real world. This is because only edges of a defined shape are discovered based on an accurate definition of the edge. One of the methods to solve this problem is the cost minimization method. In the cost minimization method, cost elements and cost functions are defined and used. The cost function calculates the cost for the candidate edge model generated according to the candidate edge generation strategy, and if the cost is found to be satisfactory, the candidate edge model becomes the edge for the image. In this study, we proposed an enhanced candidate edge generation strategy to discover edges for more diverse types of images in order to improve the shortcoming of the cost minimization method, which is that it only discovers edges of a defined type. As a result, improved edge detection results were confirmed.

Single-period Stochastic Inventory Problems with Quadratic Costs

  • Song, Moon-Ho
    • Journal of the military operations research society of Korea
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    • v.5 no.2
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    • pp.15-25
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    • 1979
  • Single-period inventory problems such as the newspaper boy problem having quadratic cost functions for both shortages and overage are examined to determine the optimal order level under various principles of choice such as minimum expected cost, aspiration level, and minimax regret. Procedures for finding the optimum order levels are developed for both continuous and discrete demand patterns.

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Minimum Expected Life Cycle Cost Model for Optimal Seismic Design and Upgrading of Long Span PC Bridges (장대 PC교량의 최적 내진설계 및 성능개선을 위한 최소 기대 Life Cycle Cost 모델)

  • 조효남;임종권
    • Proceedings of the Computational Structural Engineering Institute Conference
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    • 1999.04a
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    • pp.305-312
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    • 1999
  • This study is intended to propose a systematic and practical life cycle cost(LCC) model for the development of the reliability-based seismic safety and cost-effective performance criteria for design and upgrading of long-span PC bridges. The LCC models consist of five cost functions such as initial cost, repair/replacement cost, human losses, road user cost, and indirect losses of regional economy. The proposed model Is successfully expressed in temrs of Park-Ang damage indices and life cycle damage probability obtained from SMART-DRAIN-2DX which is an existing algorithm for nonlinear time history analysis. The proposed LCC model is successfully applied to a viaduct constructed by PSM, in Seoul. Based on the observations, the proposed systematic procedure for the formulation of LCC model may be useful for the development of the reliability-based seismic safety and cost-effective performance criteria for design and upgrading of long-span PC bridges.

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Life Cycle Cost Breakdown Structure Development of Buildings through Delphi Analysis

  • Jeong, Jae-Hyuk;Shin, Han-Woo;Ryu, Han-Guk;Kim, Gwang-Hee;Kim, Tae-Hui
    • Journal of the Korea Institute of Building Construction
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    • v.12 no.5
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    • pp.528-538
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    • 2012
  • With domestic construction projects becoming bigger, more specialized and more advanced, the construction industry is striving to improve quality and quantity, and is diversifying functions and shapes. Nevertheless, the process of a construction project causes problems when we estimate construction price, because the cost breakdown structures are different in each step. The primary aim of this study was to estimate building life cycle cost using the Delphi method. The cost breakdown structure for life cycle cost was classified into planning, design, construction, maintenance and waste disposal, and each detailed classification was determined by estimating life cycle cost. Moreover, the developed cost breakdown structure is verified by consulting with experts to secure objectivity and validity.

Value Management of Private Finance Initiative Projects (민간투자사업을 위한 VE 적용방안)

  • Lim, Jong-Kwon;Kim, Seoung-Il
    • Proceedings of the Korean Institute Of Construction Engineering and Management
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    • 2006.11a
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    • pp.123-130
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    • 2006
  • Recently, Korean government promotes BTL(Build-Transfer-Lease) for their public construction project to apply private sector's experience and finance initiatives. Many of public buildings and civil infrastructure projects were planned to be delivered by BTL and it helps to continue public projects under tight budget conditions. Since the characteristics of BTL projects, creative ideas for the project function, performance and its LCC (Life Cycle Cost) become more important than usual public work project. This paper introduces the systematic "VE job Plan" application techniques for BTL project and shows the process. This study shows the application of "VE job Plan" for BTL project to help decision making and value improvement. Also, Project cost was estimated by LCC (Life Cycle Cost) analysis. Technical "FAST diagram"was developed and used to find major functions of the project. So, it helps to improve performance of functions and make creative ideas. FAST diagram also help to find relationships between functions and cost. A case study (Daegu Art Gallery BTL Project) was conducted using proposed "VE job Plan. Study demonstrates how value management helps save money and increase functional performance. Researcher found that project can save cost and improve performance of functions significantly by using appropriate VE analysis process at appropriate time.

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