• Title/Summary/Keyword: financial loss

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Study of Wear Characteristics of Hydraulic Equipment Used in Power Plants (발전소용 유압기기의 마모특성 연구)

  • Lee, Yong Bum;Lee, Gi Chun;Chang, Mu Seong
    • Transactions of the Korean Society of Mechanical Engineers A
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    • v.37 no.9
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    • pp.1183-1188
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    • 2013
  • The reliability of hydraulic equipment used in power plants is especially important because failures that occur in the power plant can have a great ripple effect on human lives and financial losses. In this study, specimens using the materials used in the spool and sleeve of hydraulic valves of power plants have been produced, heat-treated, and tested under the precipitation conditions of phosphate ester hydraulic fluid with a variety of conditions. 23 full factorial designs have been applied to evaluate the significance of factors that affect the wear loss of the specimen, specifically, the load, velocity, and temperature. The significance evaluation was performed on the main effects and two-way interactions for wear loss based on the experiment results, and the mathematical equations between the wear loss and the three factors were derived from the analysis results.

Analysis of Flow and Economic Benefit Through Water Leakage Detection and Repair (누수탐사에 의한 유량분석 및 보수의 경제적 효과)

  • Lee, Seung-Chul;Lee, Sang-Il
    • Journal of Korean Society of Water and Wastewater
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    • v.19 no.1
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    • pp.8-15
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    • 2005
  • Field measurement data on water leakage are not readily available and it causes inaccurate assessment of water demand and poor supply planning. In this study, the procedure for leakage detection and unaccounted water calculation is proposed and applied to a city. The city has suffered from the significant amount of leak water and the financial loss as a result. Measurements were made for pressure and flow at 18 locations before and after the repair. Repair of the leakage increased pressure up to $2.0kgf/cm^2$ and saved 17.1% of water supply from distribution reservoirs. Monetary value of annual water savings for the entire city amounts to 1 billion won. It is believed that leakage detection and data analysis conducted in this study will contribute to the change of current practice and to the establishment of better water supply management system.

Study on Developing Simulator for Activating Company Risk Management System (위기관리 시스템 활성화를 위한 시뮬레이터 개발에 관한 연구)

  • Ki Jae-Sug
    • Proceedings of the Safety Management and Science Conference
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    • 2006.04a
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    • pp.237-249
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    • 2006
  • Critical incident can be happened at any time, any places without any pre-notification. For minimizing the loss of the life safety, financial and so on caused by the risk, most of company needs a system what can activate the critical incident management plan to prevent, plan for and respond to events that become critical incident. But a lot of company still don't have such a detailed system in our country and almost company has no effective training way for to boot. This paper shows the way to activate the risk management system to work efficiently the plan. The training way, proposed by this paper, is a incident command simulator based on virtual reality and scenario generation software.

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A Financial Model to Select the Size of Theme Park (주제공원의 규모결정을 위한 손익모형 I -용인자연농원을 사례로-)

  • 이양주;유병림
    • Journal of the Korean Institute of Landscape Architecture
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    • v.24 no.1
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    • pp.55-64
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    • 1996
  • The size of leisure space has been determined on the basis of the annual and peak day's number of visitor, turnover rate, and size per visitor. But the past models have no theoretical base and practical errors on the many cases. So, this study was carried out to build and test a new theoretical model for selecting a optimal size of theme park. The basic concept of the model building is the break-even point analysis of cost-volume-profit relation. That is, Gain-Loss of theme park is determined by marginal profit and fixed cost by size. YongIn Farmland was selected as a model test case.

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An Analysis on the Adequate Level of Capacity Price from a Long-Term Generation Expansion Planning Perspective: the Case of Korea

  • Kim, Hyoungtae;Lee, Sungwoo;Kim, Tae Hyun;Shin, Hansol;Kim, Wook
    • Journal of Electrical Engineering and Technology
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    • v.13 no.6
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    • pp.2203-2211
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    • 2018
  • Capacity payment mechanism has been adopted as the incentive scheme to achieve resource adequacy in Korean electricity market, however, the level of capacity price has been controversial due to its insufficient extent to incur financial loss for certain generators. Therefore, a new method is proposed to estimate the proper level of capacity price incorporating profitability of market participants and resource adequacy in this paper. The proposed method is successfully applied to test system based on Korean power system.

Automatic Design Supporting System for Automobile Stamping Tool (자동차 프레스 금형 자동 설계 지원 시스템)

  • Jeong, Hyo-Sang;Lee, Seong-Su
    • Journal of the Korean Society for Precision Engineering
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    • v.19 no.8
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    • pp.194-202
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    • 2002
  • Die design of bonnet drawing is composed of upper die, lower die and blank holder. It has been performed by checked and re-design method, which cause economic and financial loss. Nowadays, CAD/CAM system is excellent, but application is low. Therefore, in specific item, drawing die of bonnet outer draw by 3-D lay-out. In this study purpose, Bonnet drawing die is designed rapidly, correctly. It's method that shape modify to resemble. This purpose lead to 3-D Lay-Out. It is to react the standard die. In rule relation, input data change all of the shape.

The Construct of Service Error Matrix for the Effective Service Fail-Safe : Focusing Y Hotel in Daejeon (효과적인 서비스실패방지를 위한 서비스오류 매트릭스의 구성 : 대전지역 Y 호텔의 사례를 중심으로)

  • Oh, Se-Gu;Kim, Sun-Hyo
    • Journal of the Korean Operations Research and Management Science Society
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    • v.36 no.4
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    • pp.29-41
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    • 2011
  • As industires are evolving into a more advanced type industrial system, service economy has been more emphasized. But with the expansion of the service economy, the failure of the service has also increased. Customers flee caused by the service failure leads to from simple problems like financial loss to serious problems like damaging corporate image. Therefore, if possible, the system providing defect-free service should be established. If this is not possible, preventive measures should be taken in order to minimize the failure. The study as a tool to prevent service failure presents the concepts "service error matrix." And to confirm whether this idea is practical or not, this study investigated the hotel, one of the leading service industries, about actually occurring service failure and applied to service error matrix suggested in this study. Finally service blueprint and Poka-yoke are completed in order to reduce service failure of Y hotel which was the object of the interview for this study.

UV Detecting according to Corona Discharge Intensity using UV Sensor (자외선 센서를 이용한 코로나 방전 강도에 따른 자외선 검출)

  • Kwag, Dong-Soon;Kim, Young-Seok
    • Journal of the Korean Institute of Illuminating and Electrical Installation Engineers
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    • v.28 no.3
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    • pp.78-83
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    • 2014
  • To minimize the financial loss due to power facility malfunction, on-line diagnostic techniques are required to grasp any abnormal state of facilities in the live line as well as devices to diagnose abnormal states of power facility in an easy and prompt manner. This study aims to develop a portable UV detecting system by means of UV sensors for easier and efficient inspection of the degradation state of power facility in a long distance. Accordingly, it includes a simulation of corona discharges that may occur due to degradation of power facility and detection of ultraviolet pulse generation depending on the corona discharge intensity and measuring distance in application of UV sensors. Additionally, the optimal algorithm is determined for its application to the system's degradation diagnosis program based on the measured experiment data.

Preventive Control Algorithm Using Sensitivity Analysis in Voltage Stability Assessment. (감도 해석을 통한 전압안정도 예방제어 알고리듬 개발)

  • Han, Sang-Wook;Seo, Sang-Soo;Lee, Byong-Jun;Jang, Kyung-Chul;Kim, Tae-Kyun
    • Proceedings of the KIEE Conference
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    • 2005.07a
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    • pp.483-485
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    • 2005
  • In 2003, there was a wide-area blackout in the United States and Canada. More than fifty million people underwent power failure and the estimated financial loss was about four billion dollars. By such wide-area blackouts, the interest in voltage stability has increased gradually. In order to maintain the voltage stability, the preventive control is essential for a contingency. In this paper, a proper preventive control is determined for defined severe contingencies. Among the preventive control methods (generation rescheduling, load curtailment, tap adjusting, injecting the shunt capacitor, and so on.), this paper presents the injection of shunt capacitors by the sensitivity analysis of the voltage stability assessment for preventive controls. The 2006-2010 KEPCO summer peak system is used in case studies.

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Bonnet Drawing Die Design Aided System using 3-Dimensional Lay-Out (3-D Lay-Out을 이용한 본네트 드로잉 금형 설계 지원 시스템)

  • 정효상;이성수
    • Proceedings of the Korean Society of Machine Tool Engineers Conference
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    • 2001.04a
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    • pp.382-386
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    • 2001
  • Die design of bonnet drawing is composed of upper die, lower die and blank holder. It has been performed by checked and re-design method, which cause economic and financial loss. Nowadays, CAD/CAM system is excellent, but Application is low. Therefore, in specific item, drawing die of bonnet outer draw by 3-D Lay-Out. In this study purpose, Bonnet drawing die is designed rapidly, correctly. It's method that shape modify to resemble. This purpose lead to 3-D Lay-Out. It is to react the standard die. In rule relation, input data change all of the shape

  • PDF