• Journal of the military operations research society of Korea
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• v.16 no.2
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• pp.1-13
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• 1990

The life of an equipment depends upon its operating characteristics and physical environment factors. This paper presents the economic life length of 2 1/2 ton truck considering the operation terrains. For this specific research, the operation terrains are categorized into seacoast area, mountain area and plain area. To compute the life length, the method of equivalent annual cost is employed. The sample vehicles from each corresponding area are randomly selected from those vehicles whose ages exceed 9 years. This research finds the following results : (1) The life length operated at seacoast area is 9.75 years, (2) The life length operated at mountain area is 11.25 years, (3) The life length operated at plain area is 14 years. This research argues that the key factor such as characteristics of operating enviroment for allocation of operating and maintaining cost should be considered.

• Journal of Advanced Navigation Technology
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• v.15 no.6
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• pp.977-985
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• 2011

Airborne separation assurance is a key requirement for Free Flight Airspace operations, This paper study the feasibility of airborne separation assurance for free flight Airspaces operations by evaluating the efficiency measurement models. Three qualitatively different methods are utilized; one based Ground and Air conflict probability model, other based Dynamic Density model. the other based Direct operating cost model. The evaluation is Direct Operating Cost model and Two metrics are utilized for the efficiency measurements; airborne separation assurance performed quite well in the Free Flight evaluation; (1) 2 scenario of the conflict situations are resolved; (2) The MD-80 flight peformed separation assurance and efficiency, Not only appling for geometric method algorithm is more efficiently than potential method, but also the most efficiently geometric combined method.

• Journal of the Society of Naval Architects of Korea
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• v.32 no.2
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• pp.10-21
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• 1995

In this paper, main particulars of a ship are optimized by the multiobjective optimization method which can offer more information to designer. To analyze the effect of a ship building cost and operating cost in the optimum design of a ship, the multiobjective optimization is performed with objective functions of building and operating costs. And Required Freight Rate(RFR) is also calculated as dependent variable. The design model was developed for the Liquefied Natural Gas(LNG) carrier with longer operating distance. The LNG carrier has some characteristics such as higher speed and building cost in comparison with other commercial ships.

• Proceedings of the SAREK Conference
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• 2008.06a
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• pp.42-47
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• 2008

This paper reports the system performance of a hybrid plant, which combines a renewable energy plant of GSHP(Ground Source Heat Pump) with a conventional plant (screw water chiller). To find out operational cost and operating characteristics, the performance of the hybrid system was measured in a building located in Jeju island. Based on the measured data, the operating characteristics were analyzed and the operational cost was estimated by using payment table, which was provided by the Korea Electric Power Cooperation. Operating methods to save energy were recommended.

• International Journal of Naval Architecture and Ocean Engineering
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• v.4 no.4
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• pp.460-476
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• 2012

High-speed crafts suffer from losing a huge amount of their machinery energy in the form of heat loss with the exhaust gases. This will surely increase the annual operating cost of this type of ships and an adverse effect on the environment. This paper introduces a suggestion that may contribute to overcoming such problems. It presents the possibility of reusing the energy lost by the ships' exhaust gases as heating source for an absorption air condition unit onboard high-speed crafts. As a numerical example; the proposed method was investigated at a high-speed craft operating in Red Sea between Egypt and the Kingdom of Saudi Arabia. The results obtained are very satisfactory. It showed the possibility of providing the required ship's air condition cooling load during sailing and in port. Economically, this will reduce the annual ship's operating cost. Moreover, it will achieve a valuable reduction of ship's emissions.

• The Journal of Asian Finance, Economics and Business
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• v.8 no.11
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• pp.223-234
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• 2021

This study aims to examine whether operating cash flows influence banks' financial stability in Pakistan. The study employed annual panel data collected from annual reports of 20 commercial banks listed on the Pakistan Stock Exchange for the year 2011 to 2019. Free cash flow yield was taken as the dependent variable while cash flow ratio was selected as the independent variable, and net interest margin, income diversification, asset quality, financial leverage, the cost to income ratio, advance net of provisions to total assets ratio, capital ratio, financial performance, breakup value per share and bank size were taken as control variables. The study performed ordinary least square technique, random and fixed effects models, Hausman test, Lagrange multiplier test, descriptive and correlation analysis. Results showed that operating cash flows and net interest margin significantly and positively influenced banks' financial stability while the cost to income ratio and advances net of provisions to total assets ratio significantly and negatively associated with banks' financial stability. To improve financial stability, banks should become more cost-effective and enhance their liquidity levels by lowering lending activities. In the future, it would be useful to compare commercial and investment banks, also Islamic and conventional banks in the same research setting.

• Journal of Applied Reliability
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• v.11 no.2
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• pp.187-212
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• 2011

KHP project sets total ownership cost as the target cost by applying CAIV and administrates total ownership cost through compromise analysis, a periodical estimate and management of design alternatives for each development. Based on expected cost results, sensibility of total ownership cost is analyzed complying with the change of reliability, availability, maintainability and other related factors. By considering potential total ownership cost saving methods, first of all, this paper identifies total ownership cost changing effects for each related factor, secondly, suggests total ownership cost and maintenance and operating cost saving methods via finding components that affect total ownership cost and lastly, suggests total ownership cost saving directions that may be applied to other projects in the future.

• The Transactions of The Korean Institute of Electrical Engineers
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• v.58 no.8
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• pp.1485-1495
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• 2009

This paper presents a novel approach to economic dispatch (ED) with nonconvex fuel cost function as combinatorial optimization problems (COP) while most of the conventional researches have been developed as function optimization problems (FOP). One nonconvex fuel cost function can be divided into several convex fuel cost functions, and each convex function can be regarded as a generation type (G-type). In that case, ED with nonconvex fuel cost function can be considered as COP finding the best case among all feasible combinations of G-types. In this paper, a genetic algorithm is applied to solve the COP, and the ${\lambda}-P$ function method is used to calculate ED for the fitness function of GA. The ${\lambda}-P$ function method is reviewed briefly and the GA procedure for COP is explained in detail. This paper deals with two kinds of ED problems, namely ED with multiple fuel units (EDMF) and ED with prohibited operating zones (EDPOZ). The proposed method is tested for all the ED problems, and the test results show an improvement in solution cost compared to the results obtained from conventional algorithms.

• The Transactions of The Korean Institute of Electrical Engineers
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• v.63 no.2
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• pp.205-210
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• 2014

The micro grid considered in this paper consists of a diesel generator, a photovoltaic array, a wind turbine, a fuel cell, and a energy storage system. This paper explains and simulates the micro grid components in terms of accuracy and efficiency of having a system model based on the costs of fuel as well as operation and maintenance. For operational efficiency, the objective function in a diesel generator consists of the fuel cost function similar to the cost functions used for the conventional fossil-fuel generating plants. The wind turbine generator is modeled by the characteristics of variable output. The optimization is aimed at minimizing the cost function of the system while constraining it to meet the customer demand and safety of micro grid. The operating cost in fuel-cell system includes the fuel costs and the efficiency for fuel to generate electric power. To develop the overall system model gives a possibility to minimize of the total cost of micro grid. The application of optimal operation can save the interruption costs as well as the operating costs, and improve reliability index in micro grid.

• Transactions of the Korean hydrogen and new energy society
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• v.20 no.2
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• pp.104-115
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• 2009

In case of residential fuel cell system, it is significant to stably supply heat and power to a house with high efficiency and low cost for the successful commercialization. In this paper, the control strategy analysis has been performed to minimize the total cost including capital and operating cost of the residential fuel cell system. The proposed analysis methodology is based on the simulator including the efficiency models as well as the cost data for fuel cell components. The load control strategy is the key factor to decide the system efficiency and thus the cost analysis is performed when the fuel cell system is operated for several different load control logics. Additionally, annual efficiency of the system based on the seasonal load data is calculated since system efficiency is changeable according to the electric and heat demand change. As a result, the hybrid load control combined electricity oriented control and heat oriented control has the most economical operation.