• Title/Summary/Keyword: cost items

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A Profit Calculating Analysis and a Proposal of Estimation System of Historical Cost Data in the Electrical Construction Works (전기분야 실적공사비 적산제도에서 이윤산정 분석 및 제안)

  • Seo, S.S.;Lim, S.H.;Kwon, Y.M.;Kim, H.G.;Kim, J.H.;Sohn, H.K.;Park, I.P.
    • Proceedings of the KIEE Conference
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    • 2007.04b
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    • pp.155-159
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    • 2007
  • Since Jan. 2004, the Ministry of Construction and Transportation has partly introduced estimation system of historical cost data in order to reflect result cost of construction market to cost estimation for public construction. It is expected that the purpose of the introduction would be evaluated considering the long-term development of domestic construction industry. In article 3, paragraph 4 of the planning criteria of estimated cost of financial regulation related to government contract rule, the profit estimated by historical cost data indicates sales profit and it is calculated by multiplying the sum of direct cost, indirect cost and general overhead by rate of profit. Finally, it is said that rate of profit cannot exceeds 10%. However, there are a lot of constructions for electronic equipment in the electronic construction and the proportion of government furnished material is very high, not like engineering works or constructions. Therefore, as the proportion of material cost over direct cost is relatively lower if current rate of exceeds (10%) is applied, there would be a wide difference of cost in the items of profit under the estimation system of historical cost data. This paper was conducted to examine estimation methods of the items of profit under the estimation system of historical cost data and suggest reasonable applications.

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A Framework of Decommissioning Cost Estimation for Nuclear Research Facilities (원자력연구시설 해체비용 산정 구조)

  • Jeong Kwan-Seong;Lee Dong-Gyu;Lee Kune-Woo;Oh Won-Zin;Jung Chong-Hun;Park Jin-Ho
    • Journal of Nuclear Fuel Cycle and Waste Technology(JNFCWT)
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    • v.4 no.2
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    • pp.171-178
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    • 2006
  • Decommissioning cost estimation is a very important technique in designing and planning of nuclear facilities' decommissioning. Decommissioning cost estimation should be made according to the phases of decommissioning activities and installed components of nuclear facilities. In this paper, the basic framework necessary for decommissioning cost estimation is completed so that it could be used as a technique for decommissioning costs estimation by specifying cost items and group components and unit cost factors on which work time is calculated. Also, factors to be considered for decommissioning cost estimation of major activities and tasks are reviewed. Afterwards, these techniques will be utilized as a basic technology to establish methodology of decommissioning cost estimation and evaluation.

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Dynamic Production-Inventory Scheduling Model for Deteriorating Items with Expediting Cost (특급비용을 고려한 진부화 제품의 동적 생산-재고 모형)

  • Choe, Yeong-Jin;Kim, Man-Sik
    • Journal of Korean Society for Quality Management
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    • v.17 no.1
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    • pp.116-124
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    • 1989
  • A multi-period production-inventory scheduling model, which extends the customary dynamic lot sizing model to the one for deteriorating items, is developed. The amount of deterioration during a period is assumed to be proportional to the on-hand inventory at the end of the period. It is futher assumed that the deterioration rates vary from period to period. In addtion, an expediting cost due to the delay of outstanding order is included and it is allowed to offset the order release date in advance, instead, in order to avoid incurring the cost. Finally, a quasi-WW algorithm corresponding to the Wagar-Whitin algorithm is proposed to obtain the optimal production-inventory schedules.

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Determination of Optimal Mean Value and Screening Limit for a Production Process with Logistic Function (로지스틱 함수를 갖는 생산공정에 대한 최적공정평균 및 스크리닝 한계선의 결정)

  • Hong, Sung Hoon
    • Journal of Korean Institute of Industrial Engineers
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    • v.29 no.3
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    • pp.239-246
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    • 2003
  • Individual items are produced continuously from an industrial process. Each item is checked to determine whether it satisfies a lower screening limit for the quality characteristic which is the weight of an expensive ingredient. If it does, it is sold at a regular price; if it does not, it is reprocessed or sold at a reduced price. The process mean may be adjusted to a higher value in order to reduce the proportion of the nonconforming items. Using a higher process mean, however, may result in a higher production cost. In this paper, the optimal process mean and lower screening limit are determined in situations where the probability that an item functions well is given by a logistic function of the quality characteristic. Profit models are constructed which involve four price/cost components; selling prices, cost from an accepted nonconforming item, and reprocessing and inspection costs. Methods of finding the optimal process mean and lower screening limit are presented and numerical examples are given.

Determination of the Optimal Specification Limits for Complete Inspection Plans (전수검사를 위한 최적규격한계 설정)

  • Hong, Sung-Hoon;Kim, Sang-Boo
    • Journal of Korean Institute of Industrial Engineers
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    • v.21 no.2
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    • pp.255-265
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    • 1995
  • Due to advances in automated manufacturing systems and automatic inspection equipment, complete inspection has drown increased attention recently and has become a widespread practice. In a complete inspection plan all of the items are subject to acceptance inspection If an item fails to meet the predetermined specifications, it is rejected. In this paper, economic complete inspection plans are developed in situations where rejected items are reworked Complete inspections based on the performance variable of interest or a variable which is correlated with the performance variable are considered. Cost models are constructed which involve cost incurred by imperfect quality rework cast and quality inspection cost Methods of finding the optimal complete inspection plans are presented and numerical examples are given.

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Optimal Reliability Improvement for Used Items Sold with Warranty

  • Chattopadhyay, G.;Murthy, D.N.P.
    • International Journal of Reliability and Applications
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    • v.5 no.2
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    • pp.47-57
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    • 2004
  • The market for used products is becoming more competitive and dealers of used products use warranty to promote sales as well as to provide assurance to customers. Offering warranty results in additional costs associated with warranty servicing. This cost can be reduced through actions such as overhaul and upgrade that improves the reliability of the item. This is worthwhile only if the cost of improvement is less than the reduction in the warranty servicing cost. This paper deals with two models to decide on the reliability improvement strategies for used items sold with FRW policy.

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A Study on the Classification of Ietms concerned Quality Cost and the Method of Calculation (품질비용의 항목분류와 산출방법에 관한 연구)

  • 강지호
    • Journal of Korean Society of Industrial and Systems Engineering
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    • v.18 no.35
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    • pp.17-24
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    • 1995
  • The classification of quality costs by item is essencial to sum up the entire quality cost but the reality of classifying the quality cost by the firm is facing with difficulty in terms of grouping the concerned items. Meanwhile, the classification of items and calculating method of quality costs should be prepared in adcance with a certain standards and or regulations to figure out the accurate quality costs successfuly. This case study provides the contents of quality costs calulated by item and the method of calculation in detail which is applicable to automobile component industry md, also introduce how to set up the computing system of quality costs.

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A Study on the Economical Analysis Model for Asphalt Pavementin Congestion Area of Metropolitan (대도시 혼잡구간의 아스팔트 포장에 대한 경제성 분석 모델 연구)

  • Jo, Byung Wan;Tae, Ghi Ho;Kim, Do Keun
    • KSCE Journal of Civil and Environmental Engineering Research
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    • v.26 no.5D
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    • pp.771-781
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    • 2006
  • This Study is about the development of LCC Analysis Model and Evaluation of VE. It was carried out to help the person's intention decision about choosing the pavement construction method that can deal with 'Pavement Life Factor' like Area Character and Traffic Volume efficiently, by considering the total life cycle cost of pavement life cycle happens according to the numbers of public use year. For this, we developed the new LCC Analysis Model by using the Data of Seoul city the representative city in Korea, and carried out VE Evaluation that reflects the opinions of specialists. This Analysis Model consists of cost items that affects directly the choice of pavement construction, except for the common cost items of the various pavement construction. And we investigated the propriety by applying our model to the example line that are used for the public at present. About the base data of cost items that are used for our analysis, we enhanced our model's confidence by using the statistics data of Seoul and the standard data of unit cost calculation.

Comparative analysis on uniform designs of female flight attendant among low cost carriers in South Korea and Asian region (한국과 아시아 지역 저가 항공사 여승무원의 유니폼 디자인 비교 분석)

  • Kim, Sun Young
    • The Research Journal of the Costume Culture
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    • v.23 no.2
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    • pp.176-192
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    • 2015
  • This work aims at analyzing the comparative feature about female flight attendant uniform designs of Korean and Asian region low cost carriers and providing some basic materials for development of these airline companies. As a research method, examinations were carried out on attendant's uniform both theoretically and empirically. Comparison of uniforms was made among the five Korean carriers and ten typical Asian carriers for empirical research. Results showed the followings. First, all Korean low cost carriers were characterized as formal style except Jin Air. Unlike this, Asian low cost carriers appeared as diverse including formal, semi formal, and casual styles with a uniquely differentiated image. Second, all carriers applied their own symbolic color to their uniform. Third, logo or symbol was adopted as a pattern on scarf in the two Korean companies but it didn't take effect practically. For those Asian carriers, embroidery was used on jacket, jumper and collar. They utilized even a merchandising character to put emphasis on airline image. Fourth, diverse petty items with a decorative effect were used in the case of Korean low cost carriers. In the changing period of uniform, nothing much was changed and remained almost the same as before. Those in the Asian region were characterized with the smallest number of items and the preclusion of decorative add-ons on uniform.

Cost and Benefit Analysis for Safety Management Cost by FMEA/HAZOP at Governor Station (가스 공급기지에서 FMEA/HAZOP에 의한 안전관리 비용-편익분석)

  • 장서일;이헌창;조지훈;오신규;김태옥
    • Journal of the Korea Safety Management & Science
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    • v.3 no.4
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    • pp.1-9
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    • 2001
  • Cost-benefit analysis was investigated to propose the analysis method of the effect of investment and the optimum investment level of safety management cost for preventing gas accident in the B governor station. From five classifications of safety management costs consisting of cost items with similar characters and potential accident costs calculated by risk assessments(FMEA/HAZOP), we found that the order of the benefit(the reduction cost of the potential accident cost) was the instrument increase and repair cost > the safety checking and inspection cost > the labor and training cost > the safety equipment and corresponding cost > the research and development cost. As the benefit was increased with increasing the investment cost, the effect of investment was increased with decreasing the Investment cost. As a result, the optimum safety management cost was estimated and the investment level was analyzed by the model of optimum investment level.

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