• Title/Summary/Keyword: cost performance

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A study on deciding reoganization points for data bases with quadratic search cost function (2차 탐색비용함수를 갖는 데이터베이스의 재구성 시기결정에 관한 연구)

  • 강석호;김영걸
    • Journal of the Korean Operations Research and Management Science Society
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    • v.10 no.2
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    • pp.75-82
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    • 1985
  • Reorganization is essential part of data base maintenanc work and the reasonable reorganization points can be determined from the trade-off between reorganization cost and performance degradation. There has been many reorganization models so far, but none of these models have assumed nonlinear search cost function. This paper presents the existensions of two existing linear reorganization models for the case where the search cost function is quadratic. The higher performance of these extended models was shown in quadratic search cost function case.

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SCTTS: Scalable Cost-Time Trade-off Scheduling for Workflow Application in Grids

  • Khajehvand, Vahid;Pedram, Hossein;Zandieh, Mostafa
    • KSII Transactions on Internet and Information Systems (TIIS)
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    • v.7 no.12
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    • pp.3096-3117
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    • 2013
  • To execute the performance driven Grid applications, an effective and scalable workflow scheduling is seen as an essential. To optimize cost & makespan, in this paper, we propose a Scalable Cost-Time Trade-off (SCTT) model for scheduling workflow tasks. We have developed a heuristic algorithm known as Scalable Cost-Time Trade-off Scheduling (SCTTS) with a lower runtime complexity based on the proposed SCTT model. We have compared the performance of our proposed approach with other heuristic and meta-heuristic based scheduling strategies using simulations. The results show that the proposed approach improves performance and scalability with different workflow sizes, task parallelism and heterogeneous resources. This method, therefore, outperforms other methods.

Analysis of Economic Life Cycle for Hydro-Generator Based on Annual Equivalent Cost Method (연간등가비용법을 이용한 수력발전기의 경제적 수명주기 분석)

  • Lee, Sung-Hun;Chang, Jeong-Ho;Kim, Jin-O;Lee, Heung-Ho
    • The Transactions of The Korean Institute of Electrical Engineers
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    • v.60 no.11
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    • pp.1993-1999
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    • 2011
  • Today, the power utilities is setting on the slow load growth and the aging of power equipment, and then could spend the efforts on the stability of system performance. Asset management may be defined as the process of maximizing corporate profit by maximizing performance and minimizing cost over the entire life cycle of power equipment. Therefore, asset management is great way to fulfill the economic investment and the stability of system performance. This paper presents the application of effective asset managem ent from an economic perspective. A proposed method is considering the life cycle analysis using life cycle cost methodology for hydro-generator during the total life cycle. The life cycle cost methodology include a way to calculating maintenance and operating costs. The proposed method will be expected to play an important role in investment decision making considering economic evaluation.

Optimum maintenance scenario generation for existing steel-girder bridges based on lifetime performance and cost

  • Park, Kyung Hoon;Lee, Sang Yoon;Yoon, Jung Hyun;Cho, Hyo Nam;Kong, Jung Sik
    • Smart Structures and Systems
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    • v.4 no.5
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    • pp.641-653
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    • 2008
  • This paper proposes a practical and realistic method to establish an optimal lifetime maintenance strategy for deteriorating bridges by considering the life-cycle performance as well as the life-cycle cost. The proposed method offers a set of optimal tradeoff maintenance scenarios among other conflicting objectives, such as minimizing cost and maximizing performance. A genetic algorithm is used to generate a set of maintenance scenarios that is a multi-objective combinatorial optimization problem related to the lifetime performance and the life-cycle cost as separate objective functions. A computer program, which generates optimal maintenance scenarios, was developed based on the proposed method using the life-cycle costs and the performance of bridges. The subordinate relation between bridge members has been considered to decide optimal maintenance sequence and a corresponding algorithm has been implemented into the program. The developed program has been used to present a procedure for finding an optimal maintenance scenario for steel-girder bridges on the Korean National Road. Through this bridge maintenance scenario analysis, it is expected that the developed method and program can be effectively used to allow bridge managers an optimal maintenance strategy satisfying various constraints and requirements.

The Effects of Slab Size on Pavement Life Cycle Cost

  • Parsons, Timothy A.;Hall, Jim W.Jr
    • International Journal of Highway Engineering
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    • v.8 no.2 s.28
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    • pp.49-54
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    • 2006
  • The purpose of this study was to determine the effect of expansion joint spacing (slab size) on the life cycle costs of owning Portland Cement Concrete (PCC) airfield pavements. Previous research has shown that slab size has a statistically significant impact on pavement performance. A probabilistic life cycle cost analysis was performed to determine if the effect of slab size on pavement performance would affect the total cost of ownership of PCC pavements. Data from 48 Pavement Condition Index (PCI) inspections of military and civilian airfields were used to develop probability-of-distress-by-condition curves, which were then used to develop probabilistic cost-of-repair-by-condition curves. A present worth life cycle cost analysis was then performed for various slab sizes, using construction costs, rehabilitation costs, and maintenance costs. Maintenance costs were determined by assuming a condition deterioration rate appropriate for each slab size and applying the cost-by-condition curves. The probabilistic cost-of-repair-by-condition curves indicated that smaller slabs are more expensive to repair on a unit cost basis. Life cycle cost analysis showed that larger slabs have a higher total cost of ownership than smaller slabs due to a faster rate of deterioration.

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Performance Index Analysis of Schedule Introducing EVMS (EVMS를 도입한 공정의 성과지수 분석)

  • Kim Young;Lee Young-Dae;Kim Sung-Hwan;Kim Jung-ki
    • Proceedings of the Korean Institute Of Construction Engineering and Management
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    • autumn
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    • pp.456-459
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    • 2002
  • It is lately issued studies on EVMS(Earned Value Management System) throughout construction industry, which is management system integrating cost and schedule effectively. So identifying importance and circumstance of introducing EVMS, CPI(Cost Performance Index) and SPI(Schedule Performance Index), which are critical components on schedule introducing EVMS, calculate and it intends to analyze the trend and problem of cost and time throughout project management, applying various statistical data analysis method.

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Business Environment, e-Business Strategy and Performance : An Empirical Study of Venture Firms in Daedeok Valley and Hsinchu Science Park (한.대(韓.臺) 벤처기업의 경영환경, e-비즈니스 전략, 성과간의 관계)

  • Hwang, Kyung-Yun;Moon, Hee-Cheol
    • Journal of Information Technology Applications and Management
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    • v.15 no.1
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    • pp.43-65
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    • 2008
  • This study investigates the effects of business environment on the e-business strategy and performance of venture firms. The development of the research model is based on the empirical studies on the strategy literature. The data from the survey was analyzed using Partial Least Squares(PLS). For Daedeok Valley Venture Firms, product innovation differentiation strategy is affected by environmental uncertainty. And, cost leadership strategy tend to be influence by environmental uncertainty. Finally, venture firm's performance is effected by cost leadership strategy and marketing differentiation strategy. However, for in Hsinchu Science Park Venture Firms, product innovation differentiation strategy is affected by environmental uncertainty and heterogeneity. And, marketing differentiation strategy is enhanced by environment uncertainty and industry growth. In addition, cost leadership strategy tend to be influence by environmental uncertainty and heterogeneity. Finally, venture firm's performance is effected by cost leadership strategy and product innovation differentiation strategy.

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A Cost-Benefit Approach to Measuring On-line Corporate Education Performance (비용-효익 관점의 온라인 기업교육 성과 측정)

  • Choi, Jae-Woong;Choi, Jae-Young
    • Journal of Korea Society of Digital Industry and Information Management
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    • v.4 no.2
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    • pp.81-92
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    • 2008
  • With the increasing prevalence of e-learning courses in human resource development of Enterprise, it is important to investigate which courses are better economic performance. In this study, we proposed the framework for the cost-benefit analysis of e-learning, and attempted to identify cost and benefits factors. In order to achieve the research goal, we firstly tries to analyze the current IT adoption performance framework and e-learning staged performance model. The methodology adopted in the research was mainly that relevant materials, literatures were collected and analyzed to draw a comprehensive picture of the current situation and problems.

Comparing the Operation Cost of Washington Safety Rest Areas with Other States Using Performance-Based Method

  • Shrestha, Kishor;Berg, Alix;Tafazzoli, Mohammadsoroush;Kisi, Krishna
    • International conference on construction engineering and project management
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    • 2022.06a
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    • pp.640-648
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    • 2022
  • In the United States, the Safety Rest Areas (SRAs) were introduced as highway roadside infrastructures in the early 1900s. The State Departments of Transportation (DOTs) operate/maintain their SRAs using different methods. The Washington DOT used the in-house workforce method for over 20 years, whereas some states moved to Performance-Based Contracting (PBC) from the in-house workforce to save cost primarily. Several existing studies claimed that using the PBC approach saved costs on several highway assets. Thus, the principal objective of this study is to compute and compare the unit operating/maintenance cost of SRAs using the in-house workforce method (in Washington state) with the PBC approach (in other states). The findings of this study show that the average annual cost using the PBC approach was much more than the average annual cost using the in-house workforce approach. The findings also show that in Washington state, the 'Labor Cost' category was a key expenditure, which is statistically higher than other categories. The 'Labor Cost' was followed by the 'Other Services', and then 'Materials and Supplies' and 'Equipment.' The study's findings indicated that outsourcing does not always save costs for agencies. The study findings may help transportation construction/maintenance professionals select a cost-effective approach for their future planning.

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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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