• Title/Summary/Keyword: fixed and variable costs

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A Cost-Based Buffer Replacement Algorithm in Object-Oriented Database Systems (객체지향 데이타베이스에서의 비용기반 버퍼 교체 알고리즘)

  • Park, Chong-Mok;Han, Wook-Shin;Whang, Kyu-Young
    • Journal of KIISE:Databases
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    • v.27 no.1
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    • pp.1-12
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    • 2000
  • Many object oriented database systems manage object buffers to provide fast access to objects. Traditional buffer replacement algorithms based on fixed length pages simply assume that the cost incurred by operating a buffer is propertional to the number of buffer faults. However, this assumption no longer holds in an objects buffer where objects are of variable length and the cost of replacing an object varies for each object. In this paper, we propose a cost based replacement algorithm for object buffers. The proposed algorithm replaces the have minimum costs per unit time and unit space. The cost model extends the previous page based one to include the replacement costs and the sizes of objects. The performance tests show that proposed algorithm is almost always superior to the LRU-2 algorithm and in some cases is more than twice as fast. The idea of cost based replacement can be applied to any buffer management architectures that adopt earlier algorithms. It is especially useful in object oriented database systems where there is significant variation in replacement costs.

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An Efficiency Evaluation of Korea's Electric Power Generation Industries using DEA model (DEA 모형을 활용한 국내 발전회사의 효율성 평가)

  • Koh, Seung-Churl;Sim, Gwang-Sic;Kim, Jae-Yun
    • Journal of the military operations research society of Korea
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    • v.34 no.1
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    • pp.61-77
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    • 2008
  • Data Envelopment Analysis(DEA) is a promising methodology to evaluate the relative efficiency of the decision-making units. We have compared the efficiency of six electric power generation companies in Korea using DEA. The analysis results by input-oriented CCR and BCC models are summarized as follows: first, different results were acquired between using input factors as total capacity of generators and as sub-totals of generator capacity based on primary energy sources. It is the result influenced by input factors which are characterized by the proportion of fixed costs(generating facilities) and variable costs(generation costs for primary energy), Second, the efficiency will be increased if the input factors selected, according to primary energy sources discussed in this research, are used during long-term expansion of electric power capacity plans. It is expected that this approach can give a feedback for management of electric power generation companies.

A Study on the Management Efficiency of 'Sindongjin' Rice Farms Used DEA Model (DEA를 이용한 신동진 벼 재배 농가의 경영 효율성 분석)

  • Jin, Xi-Jie;Piao, Shi-Yong;Sun, Yu-Cong;Lee, Jong-In
    • Journal of the Korea Academia-Industrial cooperation Society
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    • v.21 no.11
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    • pp.61-69
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    • 2020
  • This paper examined the operational efficiency of the new rice variety "Sindongjin" farmed by the Rural Development Administration. Thirty farmers were surveyed in the survey area--Jeonbuk-do Province. The operational efficiency was analyzed by studying the data of these 30 farmers. The operational efficiency of the farmers was analyzed through a survey using the DEA model for analysis. DEA analysis was performed to obtain the technical efficiency of the farmers. The results showed that the DEA technical efficiencies of 12 farmers were efficient, and 18 farmers were inefficient. Farmers No. 13 and No. 25 were representative of inefficiency, and the results show that the cost of input elements was high. An analysis of the determinants of efficiency through the Tobit model found that the operating efficiency increased with decreasing variable costs (Seed costs, By-product fertilizer costs, General fertilizer cost, Pesticides cost, Cost of water, electricity, gas, and Cost of small farm implements) and fixed costs (Repair cost and Other costs). There is a problem of excess input from farmers, and these input costs need to be reduced.

The assessment analysis of rail transit operation in Seoul metropolitan area (도시권 지하철.전철의 운행평가 분석)

  • Lim, Kang-Won
    • Journal of the Korean Operations Research and Management Science Society
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    • v.1 no.1
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    • pp.111-125
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    • 1976
  • This study investigates the one-year performance of the Seoul Metropolitan Rail Transit(SMRT) operation. It intends to provide a basic understanding for railway operation in Seoul Metropolitan Area and thereby for making rational transport policy. The paper is conceptually comprised of four sections; analysis of passenger travel characteristics; SMRT costing and traffic cost function: its operating characteristics in terms of finance and utilization; primary social benefits of SMRT and suggestions. In the first year of operation (1974), the average daily traffic was about 335,000, After the drastic increases of fare in both Subway and KNR rail-lines, the travel volume has been cut by almost 10 percent, though most pronounced on intra-Subway line. The spatial distribution of passengers indicates that travelers use the SMRT line mainly for uninterrupted direct travel toward the CBD. In the prospective costing, the opereting expenses are divided into three groups; those which vary directly with volume; those partially variable with volume; and those entirely unrelated to volume change, With this information, cost function was derived for varying schedules of operation. Primary social benefits of the SMRT are assessed, though preliminary. Account should be taken of the nature of common costs of the SMRT in fare-rate making, especially when much of the operating expenses are accounted for by the fixed costs such that the revenue may not readily turn into break-even. The accounting results of the one-year operation coincide reasonably well with the prospective costing estimates. According to the findings of this annd another travelers' behavior studies, managerial effort would bring more revenue gain to the SMRT than fare increase does, not to speak of greater social benefits by so doing.

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A Dual-Population Memetic Algorithm for Minimizing Total Cost of Multi-Mode Resource-Constrained Project Scheduling

  • Chen, Zhi-Jie;Chyu, Chiuh-Cheng
    • Industrial Engineering and Management Systems
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    • v.9 no.2
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    • pp.70-79
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    • 2010
  • Makespan and cost minimization are two important factors in project investment. This paper considers a multi-mode resource-constrained project scheduling problem with the objective of minimizing costs, subject to a deadline constraint. A number of studies have focused on minimizing makespan or resource availability cost with a specified deadline. This problem assumes a fixed cost for the availability of each renewable resource per period, and the project cost to be minimized is the sum of the variable cost associated with the execution mode of each activity. The presented memetic algorithm (MA) consists of three features: (1) a truncated branch and bound heuristic that serves as effective preprocessing in forming the initial population; (2) a strategy that maintains two populations, which respectively store deadline-feasible and infeasible solutions, enabling the MA to explore quality solutions in a broader resource-feasible space; (3) a repair-and-improvement local search scheme that refines each offspring and updates the two populations. The MA is tested via ProGen generated instances with problem sizes of 18, 20, and 30. The experimental results indicate that the MA performs exceptionally well in both effectiveness and efficiency using the optimal solutions or the current best solutions for the comparison standard.

Formal versus Informal Credit: Which is Better in Helping Rural Areas in Vietnam?

  • TRUONG, Thi Hoai Linh;LE, Thi Nhu Quynh;PHAN, Hong Mai
    • The Journal of Asian Finance, Economics and Business
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    • v.7 no.5
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    • pp.119-130
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    • 2020
  • The study seeks to evaluate the impacts of three types of credit - formal, semi-formal, and informal credits - on the well-being of households in Vietnam's rural areas. Based on data from the Vietnam Household Living Standard Surveys in 2014 and 2016, the research uses the instrumental variable fixed-effect models to estimate the effects of three kinds of credit on household's per capita income and expenditure. There are some significant findings. First, in rural areas, formal credit is the most popular source with stable and cheap borrowing costs. Informal credit is a complement to formal credit to meet urgent needs. Funding agriculture activities is the most commonly cited purpose of borrowing, followed by purchasing assets. The highest misuse rate belongs to the group of loans for agriculture production. Second, the results show that credit helps smoothen consumption rather than generate income for rural households. Three types of credit have insignificant or negative effects on household's per capita income. Formal loans significantly improve total expenditure and spending on healthcare and education. Informal and semi-formal credits show a little influence on consumption. Informal loans have a significantly positive effect on healthcare expenditure. In contrast, having semi-formal loans tends to decrease spending on foods.

The Derivation of a Model to Estimate Compensation for Damages in Chartered Fisheries by Using CVP Analysis (CVP 분석을 이용한 면허어업 손실보상액 평가 모형의 도출)

  • 정형찬
    • The Journal of Fisheries Business Administration
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    • v.31 no.2
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    • pp.133-153
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    • 2000
  • During the last several decades, Korea has been regarded as one of the fastest growing economies in the world. However, the small size of national land has not met the vigorous demand for land necessary to develop economic infra-structures such as large-scale harbors airports and highways. In order to satisfy the growing demand for land, the Korean government and industry have implemented the national land development programs to reclaim land from the sea fur the several decades. It is certain that these land development programs have resulted in a lot of property disputes between fishermen and public project administrators. This paper is to develop a quantitative model to estimate compensation for damages or restriction of charted fisheries resulting from large-scale public projects. In this paper, the compensation model is derived by using cost-volume-profit analysis framework because the compensation for charted fisheries basically depends on the factors such as the costs, production volume, profit of charted fisheries damaged or restricted by public projects. The model shows that the compensation for damages or restriction of charted fisheries is determined by the average annual profit, damage duration period, and the degree of fishery damages. In addition, the degree of fishery damages measured by the ratio of lost profit to annual average profit turns out to be determined by the following factors: annul profit, unit variable cost, decrease in production volume, the rate of increase in variable cost, and a change in fixed cost. Furthermore, this parer discusses the nam issues related to practices and regulation of the compensation for fishery damages in the current Fishery Act of Korea and suggests some appraisal methods which will be able to lead to theoretically correct and fair compensation for fisheries damages resulting from large-scale public projects.

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An Analysis on Situation and Causes of Strategic Alliance Major Container Liner Company in the World (세계 주요 컨테이너 해운기업의 전략적 제휴의 현황과 그 생성원인에 관한 연구)

  • Lee, Tae-Woo;Kim, Kwang-Hee;Lee, Kwang-Hee
    • Journal of the Korean Institute of Navigation
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    • v.21 no.3
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    • pp.1-18
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    • 1997
  • From the beginning of 1990s , also in the shipping industry, especially liner shipping industry competition has been more intensive and difference of the service quality among shipping companies has been learned . On the other hand, a shipping company has some limitations to do its international mission for itself just by broadening service area. For this reason, the necessity for the global strategi alliance among the shipping companies, which is orginally aimed at sharing of facilities and organixation, has been developed. Through strategic alliance, liner shipping companies do not need to input the additional capitals to increase the material assets such as vessel capacity and spread the risk by the enlargement of the market. Also, they can secure the competitive edge through efficient utilizaton of assets. The purpose of strategic alliance of Hanjin Shipping Ltd., can be summarized as follows ; broadening of service area, cost reduction through vessel sharing, realization of rationalized shipping service by terminal and equipment or facilities sharing. Liner strategic alliances are agreement among liner companies to pol their equipment , andterminals for joint operations and services in which each alliance partner continues to serve its market using jointly operated or used inland feeders,inland terminals, port terminals, and mainline fleets of ship as well as joint pools of containers and equipment. Strategic alliances are generally more formal agreements than consortia and impose longer term and far reaching obligation on their members. It also acts as one in developing and advancing the strategic aims of the alliance members. The most important objective for liner strategic alliances is cost reduction and improvement in capital asset utilization. Main aims of strategic alliance drawn in this paper, can be enumerated follows : 1. improvements in service frequency and quality : 2. improvements in vessel and equipment utilization and thereby reductions in fixed and variable cost ; 3. improvements in market shares and high value cargo booking ; 4. reductions in intermodal storage and port terminal throughput costs ; 5. improvements in negotiating powers with ports and feeder transport providers ; 6. reduction in financial and other fixed costs such as insurance; 7. coordination and integration of MIS and EDI systems and service for greater efficiency and market penetration ; and, 8. improvements in logistic chain management and economic of scale by equipment depot, terminal, and vessel sharing.

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Quantum Packet for the Next Generation Network/ISDN3

  • Lam, Ray Y. W.;Chan, Henry C. B.;Chen, Hui;Dillon, Tharam S.;Li, Victor O. K.;Leung, Victor C. M.
    • Journal of Communications and Networks
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    • v.10 no.3
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    • pp.316-330
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    • 2008
  • This paper proposes a novel method for transporting various types of user traffic effectively over the next generation network called integrated services digital network 3 (ISDN3) (or quantum network) using quantum packets. Basically, a quantum packet comprises one or more 53-byte quanta as generated by a "quantumization" process. While connection-oriented traffic is supported by fixed-size quantum packets each with one quantum to emulate circuit switching, connectionless traffic (e.g., IP packets and active packets) is carried by variable-size quantum packets with multiple quanta to support store-and-forward switching/routing. Our aim is to provide frame-like or datagram-like services while enabling cell-based multiplexing. The quantum packet method also establishes a flexible and extensible framework that caters for future packetization needs while maintaining backward compatibility with ATM. In this paper, we discuss the design of the quantum packet method, including its format, the "quantumization" process, and support for different types of user traffic. We also present an analytical model to evaluate the consumption of network resources (or network costs) when quantum packets are employed to transfer loss-sensitive data using three different approaches: cut-through, store-and-forward and ideal. Close form mathematical expressions are obtained for some situations. In particular, in terms of network cost, we discover two interesting equivalence phenomena for the cut-through and store-and-forward approaches under certain conditions and assumptions. Furthermore, analytical and simulation results are presented to study the system behavior. Our analysis provides valuable insights into the. design of the ISDN3/quantum network.

The Incremental Cost Matrix Procedure for Locating Repair Service Centers in Multinational Reverse Logistics

  • Chen, Hsin Min;Hsieh, Chih Kuang;Wu, Ming Cheng;Luo, Shin Wei
    • Industrial Engineering and Management Systems
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    • v.8 no.3
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    • pp.194-200
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    • 2009
  • This study provides a heuristic algorithm to solve the locating problem of repair service centers (RSCs). To enhance the customer service level with more satisfaction and quicker responsiveness, the locating problem of RSCs has become one of the important issues in reverse supply chain management. This problem is formulated as a zero-one mixed integer programming in which an exiting distributor will be considered to be an un-capacitated repair service center for the objective of cost-minimizing. Since logistical costs are highly interrelated with the multinational location of distributors and RSCs, the fixed cost for setting a repair service center, variable cost, transportation cost, and exchange rates are considered in this study. Recognizing the selection of un-capacitated RSCs' locations is a combinatorial optimization problem and is a zero-one mixed integer programming with NP-hard complexity, we provide a heuristic algorithm named as incremental cost matrix procedure (ICMP) to simplify the solving procedure. By using the concise and structural cost matrix, ICMP can efficiently screen the potential location with cost advantage and effectively decide which distributor should be a RSC. Results obtained from the numerical experiments conducted in small scale problem have shown the fact that ICMP is an effective and efficient heuristic algorithm for solving the RSCs locating problem. In the future, using the extended ICMP to solve problems with larger industrial scale or problems with congestion effects caused by the variation of customer demand and the restriction of the RSC capacity is worth a further investigation.