• Title/Summary/Keyword: measurement cost

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Economic Effect of National Measurement Standards (측정표준의 국민경제 기여효과 분석)

  • 안병덕;남경희;안웅환;김동진;조연상
    • Journal of Korea Technology Innovation Society
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    • v.5 no.2
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    • pp.245-256
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    • 2002
  • Measurement standards, as being widely recognized, is necessary for national economic development and advanced industrialization. Also measurement standards give reliability and fair trade to the producers and consumers. Macro-effect of measurement standards using estimation of cost function has four effects: 1) value-added causing effect, 2) effect of employment, 3) reduction effect transaction cost, 4) reduction effect defect rates. In this study, to investigate the impacts between specific and the other industries, we used I-O Table of Korea Bank. The relation between the value-added produced by original production factors and final use is determined through production level, and the relation can be investigated with production causing coefficient matrix. In this study, it was showed that the measurement standards investments including measurement only man power of industries were increased from 1995 rapidly. The establishment and maintenance of measurement standards contributes to reduce the defect rate of products in production process and improve the confidence of the product quality. The results from this study show that measurement technology contributes to improve quality, decrease defect rate, improve production process, develope new products, reduce prime cost and increase the consumer's confidence on the firms. Since these results indicate that measurement standards are very important in the point of their vast contribution, we hope our findings can contribute to encourage measurement activities in industries.

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Comparative Study on Similarity Measurement Methods in CBR Cost Estimation

  • Ahn, Joseph;Park, Moonseo;Lee, Hyun-Soo;Ahn, Sung Jin;Ji, Sae-Hyun;Kim, Sooyoung;Song, Kwonsik;Lee, Jeong Hoon
    • International conference on construction engineering and project management
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    • 2015.10a
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    • pp.597-598
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    • 2015
  • In order to improve the reliability of cost estimation results using CBR, there has been a continuous issue on similarity measurement to accurately compute the distance among attributes and cases to retrieve the most similar singular or plural cases. However, these existing similarity measures have limitations in taking the covariance among attributes into consideration and reflecting the effects of covariance in computation of distances among attributes. To deal with this challenging issue, this research examines the weighted Mahalanobis distance based similarity measure applied to CBR cost estimation and carries out the comparative study on the existing distance measurement methods of CBR. To validate the suggest CBR cost model, leave-one-out cross validation (LOOCV) using two different sets of simulation data are carried out. Consequently, this research is expected to provide an analysis of covariance effects in similarity measurement and a basis for further research on the fundamentals of case retrieval.

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Productivity Measurement Model Based on Quality Cost (품질 코스트를 적용한 생산성측정 모형)

  • Lee, Jae-Ung;Sin, Yong-Baek
    • Journal of Korean Society for Quality Management
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    • v.21 no.2
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    • pp.48-60
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    • 1993
  • We have depended upon the quantitative analysis for productivity measurement. and excluded the qualitative analysis from productivity measurement. But I think that the qualitative analysis must be considered so as to get a effective productivity measurement This paper intened to establish improvement productivity measurement adopted quality cost of all the qualitative elements.

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Design of On-line Process Control with Variable Measurement Interval

  • Park, Changsoon
    • Journal of the Korean Statistical Society
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    • v.29 no.3
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    • pp.319-336
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    • 2000
  • A mixed model with a white noise process and an IMA(0,1,1) process is considered as a process model. It is assumed that the process is a white noise in the absence of a special cause and the process changes to an IMA(0,1,1) due to a special cause. One useful scheme in measuring the process level is to use the variable measurement interval (VMI) between measurement times according to the value of the previous chart statistic. The advantage of the VMI scheme is to measure the process level infrequently when in control to save the measurement cost and to measure frequently when out of control to save the off-target cost. This paper considers the VMI scheme in order to detect changes in the process model from a white noise to an IMA(0,1,1). The VMI scheme is shown to be effective compared to the standard fixed measurement interval (FMI) scheme in both statistical and economic contexts.

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Stability Evaluation of In-Line Measurement System with Repeated Measurements (반복 측정이 가능한 인라인 측정시스템의 안정성 평가)

  • Joung, Sooho;Byun, Jai-Hyun
    • Journal of Korean Institute of Industrial Engineers
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    • v.30 no.1
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    • pp.36-43
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    • 2004
  • In-line measurement systems are preferred to those in analytical laboratories, since in-line systems provide rapid response to process upsets. If an in-line measurement system exhibits an unstable variation and if this instability in measurement variation goes undetected, it will make the process monitoring procedure invalid. This paper presents a stability evaluation procedure for the in-line measurement system using two independent readings from the in-line measurement system and one reading from the analytical laboratory, which requires less measurement cost and time.

Low-Cost IoT Sensors for Flow Measurement in Open Channels: A Comparative Study of Laboratory and Field Performance

  • Khatatbeh, Arwa;Kim, Young-Oh
    • Proceedings of the Korea Water Resources Association Conference
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    • 2023.05a
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    • pp.172-172
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    • 2023
  • The use of low-cost IoT sensors for flow measurement in open channels has gained significant attention due to their potential to provide continuous and real-time data at a low cost. However, the accuracy and reliability of these sensors in real-world scenarios are not well understood. This study aims to compare the performance of low-cost IoT sensors in the laboratory and real-world conditions to evaluate their accuracy and reliability. Firstly, a low-cost IoT sensor was integrated with an IoT platform to acquire real-time flow rate data. The IoT sensors were calibrated in the laboratory environment to optimize their accuracy, including different types of low-cost IoT sensors (HC-SR04 ultrasonic sensor & YF-S201 sensor) using an open channel prototype. After calibration, the IoT sensors were then applied to a real-world case study in the Dorim-cheon stream, where they were compared to traditional flow measurement methods to evaluate their accuracy.The results showed that the low-cost IoT sensors provided accurate and reliable flow rate data under laboratory conditions, with an error range of less than 5%. However, when applied to the real-world case study, the accuracy of the IoT sensors decreased, which could be attributed to several factors such as the effects of water turbulence, sensor drift, and environmental factors. Overall, this study highlights the potential of low-cost IoT sensors for flow measurement in open channels and provides insights into their limitations and challenges in real-world scenarios.

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Cost-effective Investigation on Contaminated Land and Assessment of Measurement Uncertainty (오염토양의 효율적 조사기법과 측정불확도의 평가방법)

  • 이종천
    • Economic and Environmental Geology
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    • v.37 no.1
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    • pp.49-59
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    • 2004
  • The concectration and distribution of contaminants obtained from a contaminated land investigation or an environmental geochemistry survey constitutes the basis of a decision-making process on environmental policies or of scientific researches. As the quality of data determines the reliability of the result, the investigation plan should be adjusted according to the purpose of the investigation. In general, the effort to improve the data quality had been focused mainly on the QA/QC procedures in laboratories. The rapid progress of analytical instrument has also contributed toward improving the analytical precision to a sacrificable degree. Nevertheless, in many cases, it is not the analytical precision that needs improvement for the better precision of overall measurement process: it is rather during the sampling process in the field that is responsible for the poor precision. To assess the data quality on a measured value, ISO recommends to provide information on "measurement uncertainty" along with the measured value. The measurement uncertainty in an environmental measurement context can be explained as the statistical number that expresses the degree of the uncertainty stemming from the sampling and analytical procedures. There is a cost involved in order to improve the precision of sampling and analytical methods so as to decrease the degree of measurement uncertainty. The economical point of compromise in an investigation planning can be achieved when the allowable degree of uncertainty has been set before-hand. The investigation can then be planned accordingly not to exceed the uncertainty limit. Furthermore, if the measurement uncertainty estimated from the preliminary investigation can be separated into sampling and analytical uncertainties, it can be used as a criterion where the resources for the investigation should be allotted cost-effectively to reinforce the weakest link of the whole investigation process. This paper aims to present a method of estimating the level of measurement uncertainty of a measured contamination concentration at a site used as an example and to show how the estimated uncertainty can be applied to serve the particular purpose of an investigation.

Construction Cost-Schedule Integration Management Methodolgy by using Progress Integration Unit (성과측정유닛을 활용한 건설 비용 - 일정 통합관리 방안)

  • Kang, Namhee;Choi, Jaehyun
    • Korean Journal of Construction Engineering and Management
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    • v.18 no.3
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    • pp.42-51
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    • 2017
  • Measuring and evaluating project progress and performance are the key element of the construction project success. Construction progress is typically measured quantitatively by evaluating cost and time allocated to the project deliverable, and thus properly integrating cost and time is essential to the project management. This research was performed to propose an alternative methodology to integrate the cost and time and provide a framework for the progress measurement. The researchers developed a typical work process for the cost and schedule planning and also developed an alternative cost-schedule integration method by using progress integration units (PIU). A discipline of a construction phase served as a common level for WBS and CBS integration, so the PIUs'were defined under discipline. A case study project was selected to validate the developed methodology. The result showed the proposed method improved efficiency of cost and time integration. The result also showed the excluding material for the progress measurement purpose significantly reduced the bias of progress measurement.

Evaluating the economic impact of R&D investments - Improvement of measurement reliability - (R&D 사업의 경제적 파급효과 측정 - 산업측정 신뢰도 제고사업을 중심으로 -)

  • Choi, Seung-Il;Kim, Jin-Ho;Jho, Moon-Jae;Hwang, In-Keuk
    • Journal of the Korea Academia-Industrial cooperation Society
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    • v.8 no.4
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    • pp.946-951
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    • 2007
  • R&D institutes, supporting development in industry, are required to provide an economic basis of their R&D investments. In this paper, we apply prospective cost-benefit analysis to evaluate the economic impact of R&D investments. We compute main metrics with cost and benefit estimated via counter-factual evaluation model. Among many projects of KRISS to improve measurement reliability, three projects are evaluated by applying prospective cost-benefit analysis.

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An Analysis of the Cost Structure of Railway Freight Industry in Korea (철도화물의 원가구조분석에 관한 연구)

  • Kwon Yong-Jang;Kim Hyun-Woong
    • Proceedings of the KSR Conference
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    • 2005.05a
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    • pp.1115-1124
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    • 2005
  • The usual distinction made in the literature is between decision facilitating and decision influencing. Because time only runs one way, both uses of cost information are problematic. In the first instance, a cost description (measurement or estimate) is provided to decision makers before a decision is made. Unfortunately, costs can only be measured after the fact. This means that cost analysts must estimate the costs of the alternatives under consideration. In some cases, measured cost is a reliable predictor of future costs; in other cases it is not. Regardless of its reliability, however, it is all we have or can have. Consequently, managers must be informed as to how their performance will be measured and how measured performance will affect outcomes they care about -- promotion, pay, esteem, etc. I will outline the basic approaches to cost measurement and then show how cost measures can be used to facilitate and to influence decisions of the railway industry.

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