• Journal of Korean Society of Industrial and Systems Engineering
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• v.6 no.8
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• pp.81-91
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• 1983

In this study the methods of the overhead standard setting and the overhead variance analysis, which raise problems especially in business practice in case that small businesses introduce the standard cost accounting system, were examined by hypothetical examples. As the result of this study small businesses are advised to take the following in setting the overhead cost. (1) To divide the mixed cost into variable overhead and fixed overhead, it is desirable to take Beast square method. (2) In setting the overhead standard, it is desirable to fake the flexible budget system and to make a budget by the inspection method, after dividing the overhead into variable overhead and fixed overhead. (3) After dividing the overhead variance into variable overhead variance and fixed overhead variance, it is desirable to analyze them as follows. (A) Variable overhead variance is analyzed into spending variance and efficiency variance. (B) Fixed overhead valiance is analyzed into budget variance and denominator variance.

• Korea Trade Review
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• v.45 no.2
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• pp.17-29
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• 2020

This study analyzed that the effects of AEO MRA benefit on decreasing of trade cost and the strategies for expanding of trade. It uses the system GMM for effective solutions of endogenous matter with lagged dependent variable. In terms of the result of analysis, AEO MRA has a positive effect on decreasing of trade cost, especially this study proved the result of previous study AEO MRA expanded the trade through improving the time required for customs clearance and deregulation of non-tariff barriers. In conclusion, this study proposes the policy fo AEO MRA by analyzing the trade cost of AEO MRA by using the system GMM.

• New & Renewable Energy
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• v.20 no.1
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• pp.26-37
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• 2024

Renewable energy sources play a key role in achieving carbon neutrality and zero net emissions in the power generation sector. Various efforts have been made to support the deployment of renewable energy, particularly solar photovoltaic and wind power, including policies to internalize the external cost of carbon emissions. In this study, we conducted a financial analysis of a 800 MW floating photovoltaic system and compared it with ground solar power generation. Additionally, we conducted a cost-benefit analysis that included the social cost of carbon. The findings showed that the floating photovoltaic project can meet the profitability target through an appropriately designed internalization of the social cost of carbon.

• Journal of the Korean Operations Research and Management Science Society
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• v.32 no.2
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• pp.163-175
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• 2007

[ $ulcorner$ ]Cost-Effectiveness Analysis$\lrcorner$ has been wifely used to evaluate economic efficiency of R&D projects, but most of cost-effectiveness evaluation systems have some problems such as systematic method for setting and evaluating cost factors, estimation of single effect on each R&D project, and estimation of cross effects among R&D projects. To solve these problems, we have designed a new evaluation indicator called a $ulcorner$Cost-Cross Effect Integration Indicator$lrcorner$ including cross effects developed in this research. The major research findings are summarized as follows : (1) $ulcorner$Coist Estimation Model$lrcorner$, which estimates the cost factors divided into two classes of assembly product and system product and then integrates the total cost values, has been designed. (2) A new method for estimating parameters of cross effects among R&D projects has been developed. (3) $ulcorner$Cross Effects Estimation Model$lrcorner$ to estimate multi-effects and cross effects by completion time among several projects has been designed. (4) $ulcorner$Integration Estimation Indicator$lrcorner$ for setting priority on a project group has been extracted by combination of total cost value and total effect value.

• Korean Journal of Air-Conditioning and Refrigeration Engineering
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• v.16 no.6
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• pp.506-513
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• 2004

The objective of this paper is to evaluate the economic performance of latent and sensible energy transportation systems. LCC (Life-Cycle Cost) analysis is a practical method and a guideline for evaluating the economic performance of considered systems during the Life-Cycle Period. By comparing the LCC of alternatives, The most ideal alternative is determined which has the lowest LCC. It is concluded that the cost of STA (Solution Transportation Absorption system) can be reduced by 67% to that of sensible energy transportation for study period with 10 km transportation distance.

• The Transactions of The Korean Institute of Electrical Engineers
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• v.64 no.2
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• pp.222-227
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• 2015

This paper presents the optimal energy generation systems for economical EVs(Electric Vehicles) charging stations located in an island area. The system includes grid electricity, diesel generator and renewable energy sources of wind turbines and PV(Photovoltaic) panels. The independent generation system is designed with data resources such as annual average wind speed, solar radiation and the grid electricity price by calculating system cost under different structures. This sensitive analysis on the varying data resources allows for the configuration of the most economical generation system for charging stations by comparing initial capital, operating cost, NPC(Net Present Cost) and COE(Cost of Energy). Depending on the increase of the grid cost, the NPC variation of the most economical system which includes renewable energy generations and grid electricity can be smaller than those of other generation systems.

• Proceedings of the SAREK Conference
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• 2008.11a
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• pp.499-504
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• 2008

Our government will make a plan regulating the cooling limit temperature of the summer season to 26 degree and the heating limit temperature of the winter season to 20 degree for energy saving. Where, the key point of this politic pursuit can be the charge system on heating and cooling cost. We have suggested new cost allocation methodology as a worth evaluation method in the precedent study, and preformed the worth evaluation and cost allocation on four kind of warm air produced from a heating system as an example. In this study, we applied the suggested method to four kind of cooling air as an example, and preformed the worth evaluation and cost allocation on each cooling air. As a result, similarly to the precedent study, the more energy a customer saved, the more heating unit cost decreased, and the more energy a customer consumed, the more heating unit cost increased. From this analysis, we hope that the suggested methodology can offer a theoretical basis to the politic pursuit of government, and induce the spontaneous energy saving of consumers.

• Journal of Korean Society of Water and Wastewater
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• v.13 no.1
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• pp.95-112
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• 1999

In this research, it is proposed that optimization method is introduced and applied to the design of pipeline system in multi-regional water supply project, which has been constructed to settle the regional unbalance problems of available water resources. For the purpose, interface programs are developed to integrate linear programming model and KYPIPE model which is used for optimization and hydraulic analysis, respectively. The developed program is applied to the pipeline system design of multi-regional water supply project. The optimal diameters from the application of linear programming technique are compared with those from conventional method that is time-consuming and tedious trail and error process. Since the conventional design largely depends upon the experience of designers and the results of general hydraulic analysis, it can not be reasonable and consistent. The application of linear programming technique can make it possible to design pipeline system optimally by using same design factors of general hydraulic models. The model can select commercial discrete pipe diameter as optimal size by using pipe length as decision variables. The developed model is applied to Pohang multi-regional water supply system design with two different objective functions, which are initial construction cost and annual cost including electric cost. As results, it is calculated that the initial construction cost of 1,449,740 thousand won is saved and annual cost of 128,951 thousand won is saved for a year within study year. Also, the optimal site of pump station is selected on 5th pipe, which is located between the diverging junction to Kangdong(2) province and the diverging junction to Cheonbuk province. It is explained that pump cost is less than pipe cost in this application case study due to little pump station scale. In the case of water supply with large pump capacity, it is reasonal that the increase of pipe size is more efficient instead the increase of pump station capacity to save annual cost.

• Journal of the Korean Operations Research and Management Science Society
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• v.39 no.3
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• pp.51-61
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• 2014

In this paper, we deal with developing a cost estimation relationships (CER) for Korean maneuverable weapons systems using historical production cost. To develop the CER, we collected the historical data of the production cost of four tanks and five armored vehicles. We also analyzed the Required Operational Capability (ROC) of the weapons systems and chose cost drivers that can compare operational capabilities of the weapons systems We used Forward selection, Backward selection, Stepwise Regression and $R^2$ selection as the cost drivers which have the greatest influence with the dependent variables. And we used Principle Component Regression, Robust Regression and Weighted Regression to deal with multicollinearity and outlier among the data to develop a more appropriate CER. As a result, we were able to develop a production cost CER for Korean maneuverable weapons systems that have the lowest cost errors. Thus, this research is meaningful in terms of developing a CER based on Korean original cost data without foreign data and these methods will contribute to developing a Korean cost analysis program in the future.

• Journal of the Korean Society for Aviation and Aeronautics
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• v.20 no.4
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• pp.126-131
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• 2012

In South Korea, there is no consideration for increasing labor costs and price fluctuation regarding the commission for a flight inspection. Because this causes a deficit in the flight inspection related operation, the cost system should be improved. Therefore, this research considers the first cost analysis in order to calculate a proper flight inspection commission through three different types of cost making methods. Moreover, as flight inspections are held by flights and human labors, labor costs are included as the main operation cost. According to the research, it is analyzed that the total cost to process flight inspection operations is decided by the scope of aircraft operation.