• Journal of the Korea Academia-Industrial cooperation Society
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• v.19 no.9
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• pp.100-107
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• 2018

This study investigated the effect of corporate international diversification on cost stickiness. A cost behavior that indicates a lower rate of cost reduction when the volume of sales decreases than the rate of cost increase when the volume of sales is increased is called cost stickiness. This cost behavior is caused by decisions made by considering the adjusting costs of the manager, and for corporate international diversification, the decision making on the adjustment cost of the manager has been reduced by the offsetting accruals hypothesis. From the empirical results, we observed that the cost stickiness of international diversified companies decreases. It is expected to contribute to the capital market and academia by identifying whether corporate international diversification can have a significant impact on management decision making related to costs.

• Journal of Preventive Medicine and Public Health
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• v.43 no.6
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• pp.523-534
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• 2010

Objectives: We assessed impact of performance reporting information about the readmission rate, length of stay and cost of hip hemiarthroplasty. Methods: The data are from a nationwide claims database, National Quality Improvement Project database, of Health Insurance Review & Assessment Service in Korea. From January 2006 to April 2008, we received information of length of stay, readmission within 30 days, cost of 22 851 hip hemiarthroplasty episodes. Each episodes has retained the diagnoses of comorbidities and demographics. We used time-series analysis to assess the shifting of patients selections, between high volume (over 16 operations in a year) and low volume institutions, after performance reporting (December 2007). The changes of quality (readmission, length of stay) and cost were evaluated by multilevel analysis with adjustment of patient's factors and institutional factors after performance reporting. Results: As compared with the before performance reporting, the proportion of patients who choose the high volume institution, increased 3.45% and the trends continued 4 months at marginal significance (p = 0.059). After performance reporting, national average readmission rate, length of stay were decreased by 0.49 OR (95% CI=0.25 - 0.95) and 10% (${\beta}$=-0.102, p<0.01) and cost was not changed (${\beta}$=-0.01, p=0.27). The high volume institutions were more decreased than low volume in length of stay. Conclusions: After performance reporting, readmission rate, length of stay were decreased and the patient selections were marginally shifted from low volume institutions to high volume institutions.

• Journal of the Korean Society of Safety
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• v.31 no.3
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• pp.143-155
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• 2016

Recently, a massive loss of life and property is occurring in Korea due to traffic accidents, with the rapid increase in cars. For improvement of traffic safety, the Korea Transportation Safety Authority intensively analyzes accident data in local governments with low traffic safety index, performs a field investigation to extract problems and offers local governments improvements for problems, by conducting the 'Special Survey of Actual Conditions of Traffic Safety' each year, starting 2008. But local governments cannot strongly push forward the improvement projects due to the limited budget and the uncertainty of the improvement plan effects. Therefore, this study suggested a model which applied the Utility concept to the AHP theory, in order to efficiently decide a priority of the improvement plans in accident black spots in consideration of the limited budget of local governments. The number of accidents in each spot for improvement and accident severity, traffic volume, pedestrian volume, the improvement project cost and the accident reduction effect were chosen as evaluation factors for deciding a priority, and data about the improvement plan costs and the accident reduction effects, traffic accidents and traffic volume in the spots to undergo the special research on the real condition of traffic accident in the past were collected from the existing studies. Then, regression analysis was carried out and the Utility Curve of each evaluation factor was computed. Based on the AHP analysis findings, this study devised a priority decision method which calculated the weight and the utility function of each evaluation factor and compared the total utility values. The AHP analysis findings showed that among the evaluation factors, accident severity had the biggest importance and it was followed by the improvement plan cost, the number of accidents, the improvement effect, traffic volume and pedestrian volume. The calculated utility function shows a rise in utility, as the variables of the 5 evaluation factors; the number of accidents, accident severity, the improvement plan effect, traffic volume and pedestrian volume increase and a fall in utility, as the variables of the improvement plan cost increase, since the improvement plan cost is included in the budget spent by a local government.

• International Journal of Highway Engineering
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• v.16 no.5
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• pp.121-131
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• 2014

PURPOSES : The goal of this study is to analyze the travel cost according to transferring from rotary to roundabout in Korea. METHODS : This study gives particular attentions to investigating the existing 48 rotaries in Korea and building the networks of before and after improvements using VISSIM, and analyzing their travel costs. RESULTS : The main results are as follows. First, from the field survey, the domestic rotaries were analyzed to need many improvements of geometric structure for the effective operation. Second, the difference of travel cost at 3-legged rotaries were evaluated to be less than other types of rotaries due to low traffic volume. Finally, the travel cost of 4-legged and multi-legged rotaries were analyzed to rapidly increase by increasing volume. CONCLUSIONS : This study analyzes the effects using both real and simulation data unlike the existing studies. Also, this study suggests the future research topics which compare and evaluate the relations between real data and simulation outputs.

• Journal of Korean Society of Industrial and Systems Engineering
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• v.43 no.3
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• pp.95-100
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• 2020

Machines and facilities are physically or chemically degenerated by continuous usage. One of the results of this degeneration is the process mean shift. The representative type of the degeneration is wear of tool or machine. According to the increasing wear level, non-conforming products cost and quality loss cost are increasing simultaneously. Therefore a periodic preventive resetting the process is necessary. The total cost consists of three items: adjustment cost (or replacement cost), non-conforming cost due to product out of upper or lower limit specification, and quality loss cost due to difference from the process target value and the product characteristic value among the conforming products. In this case, the problem of determining the adjustment period or wear limit that minimizes the total cost is called the 'process mean shift' problem. It is assumed that both specifications are set and the wear level can be observed directly. In this study, we propose a new model integrating the quality loss cost, process variance, and production volume, which has been conducted in different fields in previous studies. In particular, for the change in production volume according to the increasing in wear level, we propose a generalized production quantity function g(w). This function can be applied to most processes and we fitted the g(w) to the model. The objective equation of this model is the total cost per unit wear, and the determining variables are the wear limit and initial process setting position that minimize the objective equation.

• Journal of the Korean Operations Research and Management Science Society
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• v.34 no.2
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• pp.77-90
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• 2009

Total profit level Increases if a company increase the cost for achieving R&D related goals of equipment productivity enhancement, production cost saving, or for achieving equipment scale target, sales volume goal. But how much money should be invested to achieve a certain level of profit? We formulated the model to set the optimal goal levels to minimize the investment cost under the constraint that certain level of total profit should be guaranteed. This model derived from a case of P steel company. We found that this should be considered in relation with the production sales planning (known as optimal product mix problem) to guarantee the profit. We suggested a nonlinear programming model, 3 valiant form of the p+roduct mix problem. We can find the optimal Investment level for the R&D related goals or sales volume goal, equipment scale target for the P steel company using the model.

• Proceedings of the Korean Operations and Management Science Society Conference
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• 1996.04a
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• pp.89-92
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• 1996

It is generally recognized that Video On Demand (VOD) service will become a promising interactive service in B-ISDN. We consider a hierarchical two level network architecture for VOD service. The first level consists of connected Local Video Servers(LVSs) in which a limited number of high vision programs are stored. The second level has one Central Video Server(CVS) containing all the programs served in the network. The purpose of this paper is to analyze the network traffic and to propose the storage policy for LVSs. For this purpose, we present an analysis of program storage amount in each LVS, transmission traffic volume between LVSs, and link traffic volume between CVS and LVSs, according to changing the related factors such as demand, the number of LVSs is also presented on the basis of the tradeoffs among program storage cost, link traffic cost, and transmission cost.

• Journal of Korean Society of Industrial and Systems Engineering
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• v.23 no.59
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• pp.105-118
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• 2000

The rise in population and the increase of urbanization and industrial growth has resulted in an ever-increasing volume of municipal solid waste that must be regularly collected, transported, and ultimately disposed of. Therefore, over the last decade the public, commercial and legislative awareness of environmental issues has been increased dramatically on earth particularly some industrial countries which has a shortage of landfill capacity. A quality, cost and delivery lead-time are usually considered as the competitive factors for each industry. However, the concepts of environmental issue are emerging common terms and concerns more seriously. More attention than ever is being focused on the recycling and source reduction techniques to reduce the total volume of waste. Unfortunately, however, a shortage of landfill capacity and increasing disposal cost requests a fundamental solution about the environmental issue. That is the remanufacturing which allow manufacturers to minimize waste, production cost and to turn end-of-life product into a profitable product. The objectives of this research were to growth the remanufacturing system by suggesting issues and implementation methods for the remanufacturing. In order to accomplish these objectives, we introduced backgrounds of appearance and benefits of the remanufacturing.

• The Magazine of the Society of Air-Conditioning and Refrigerating Engineers of Korea
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• v.8 no.2
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• pp.95-100
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• 1979

Optlmum overall heat transmission coefficient for residential buildings is calculated as a function of building parameter, area/volume. Equivalent heat transmission coefficient and equivalence factor are introduced and optimized with respect to annual cost including fuel cost , insulation cost and equipment cost Comparison with recent standard of West Germany shows similarity of the result.

• Journal of Korean Society of Industrial and Systems Engineering
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• v.44 no.1
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• pp.45-50
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• 2021

Machines and facilities are physically or chemically degenerated by continuous usage. The representative type of the degeneration is the wearing of tools, which results in the process mean shift. According to the increasing wear level, non-conforming products cost and quality loss cost are increasing simultaneously. Therefore, a preventive maintenance is necessary at some point. The problem of determining the maintenance period (or wear limit) which minimizes the total cost is called the 'process mean shift problem'. The total cost includes three items: maintenance cost (or adjustment cost), non-conforming cost due to the non-conforming products, and quality loss cost due to the difference between the process target value and the product characteristic value among the conforming products. In this study, we set the production volume as a decreasing function rather than a constant. Also we treat the process variance as a function to the increasing wear rather than a constant. To the quality loss function, we adopted the Cpm+, which is the left and right asymmetric process capability index based on the process target value. These can more reflect the production site. In this study, we presented a more extensive maintenance model compared to previous studies, by integrating the items mentioned above. The objective equation of this model is the total cost per unit wear. The determining variables are the wear limit and the initial process setting position that minimize the objective equation.