• Title/Summary/Keyword: process re-engineering

Search Result 683, Processing Time 0.027 seconds

A Blockchain Framework for Investment Authorities to Manage Assets and Funds

  • Vinu Sherimon;Sherimon P.C.;Jeff Thomas;Kevin Jaimon
    • International Journal of Computer Science & Network Security
    • /
    • v.23 no.11
    • /
    • pp.128-132
    • /
    • 2023
  • Investment authorities are broad financial institutions that carefully manage investments on behalf of the national government using a long-term value development approach. To provide a stronger structure or framework for In-vestment Authorities to govern the distribution of funds to public and private markets, we've started research to create a blockchain-based prototype for managing and tracking numerous finances of such authorities. We have taken the case study of Oman Investment Authority (OIA) of Sultanate of Oman. Oman's wealth is held in OIA. It is an organization that oversees and utilizes the additional capital generated by oil and gas profits in public and private markets. Unlike other Omani funds, this one focus primarily on assets outside the Sultanate. The operation of the OIA entails a huge number of transactions, necessitating a high level of transparency and administration among the parties involved. Currently, OIA relies on various manuals to achieve its goals, such as the Authorities and Responsibilities manual, the In-vestment Manual, and the Code of Business Conduct, among others. In this paper, we propose a Blockchain based framework to manage the operations of OIA. Blockchain is a part of the Fourth Industrial Revolution, and it is re-shaping every industry. The main components of every blockchain are assets and participants. The funds are the major assets in the proposed study, and the participants are the various fund shareholders/recipients. The block-chain's transactions are all safe, secure, and immutable, and it's part of a trustless network. The transactions are simple to follow and verify. By replacing intermediary firms with smart contracts, blockchain-based solutions eliminate any middlemen in the fund allocation process.

Analysis on Offset Factors of Learning Curve Effect and Estimation of Labor Productivity in High-rise Projects (초고층 프로젝트에서의 학습곡선효과 상쇄요인 분석 및 작업 생산성 산정 방법 제시)

  • Lee, Bogyeong;Park, Moonseo;Lee, Hyun-Soo;Kim, Hyunsoo;Moon, MyungGi
    • Korean Journal of Construction Engineering and Management
    • /
    • v.14 no.6
    • /
    • pp.38-48
    • /
    • 2013
  • Focusing on repetitive works of construction, many research have been conducted about application of the learning curve effect. However, it is still controversial, especially on the high-rise project, since the productivity improvement from the learning curve effects are hard to prove. In the previous research, applicability of the learning curve was mainly derived from the labor productivity data. Although the research were based on the real data, they merely concentrated on the simple conclusion that the labor productivity had improved or not, instead of the process interpretation. Therefore, the purpose of this research is to analyze the influence factors of the learning curve effect in high-rise projects and elucidate the offset factors of the effect. Based on these factors, a model for estimating the labor productivity containing the concept of process learning is suggested. Through our research, traditional learning curve theory could be compensated and re-established with having more appropriateness for high-rise projects.

Recovery of Palladium (Pd) from Spent Catalyst by Dry and Wet Method and Re-preparation of Pd/C Catalyst from Recovered Pd (폐촉매로부터 Pd회수 및 이를 이용한 Pd/C 촉매 재제조 기술 개발)

  • Kim, Ji Sun;Kwon, Ji Soo;Baek, Jae Ho;Lee, Man sig
    • Applied Chemistry for Engineering
    • /
    • v.29 no.4
    • /
    • pp.376-381
    • /
    • 2018
  • The purpose of this study is to investigate and optimize an effectiveness process for the recovery of Pd from the spent Pd/C catalyst by the process of hydrogenation of maleic anhydride over Pd/C. Pd solution recovered from Pd/C catalyst was used to prepare Pd/C catalysts. Their characteristics were compared to those of Pd/C catalyst prepared by using a reagent grade precursor solution. Pd in the spent catalyst was leached by the modified process with dry and wet methods to obtain the high recovery ratio of Pd. The burn-out of carbon in the spent Pd/C catalyst was carried out in the rage of $600-900^{\circ}C$. Pd content of carbonized catalyst was confirmed by XRF and ICP. Pd was extracted from carbonized spent catalysts with acid solutions of 1,2 and 4 M HCl at a leaching temperature of $90^{\circ}C$ for 2 h. The high recovery ratio of Pd was shown as 92.4% that leached in 4 M HCl. Also Pd/C catalysts were prepared by using the leached solution and the reagent grade of $H_2PdCl_4$ as a precursor solution and the characteristics were analyzed by XRD, CO-chemisorption and FE-TEM. As a result, the dispersion of the catalyst prepared by using the leached solution was 34.6%, which was found to be equal to or more than that of the Pd/C catalyst prepared by the reagent grade precursor solution.

A Study on the Characteristics and Cleanliness of Fluidic Strip Process of Environment-Friendly Aqueous Stripper (친환경 수계 박리액의 유동박리 공정 특성 및 청정성 연구)

  • Lee, Ki-Seong;Lee, Jaeone;Kim, Young Sung
    • Clean Technology
    • /
    • v.24 no.3
    • /
    • pp.175-182
    • /
    • 2018
  • In this research, we investigated the cleanliness by optimizing the water content of the aqueous stripper in fluidic strip process. The stripping properties of the photoresist with optimized aqueous stripper were compared with the commercial organic stripper. The stripping performance was evaluated by electrical and optical characteristics on the surface of the transparent electrode that compare with stripped the transparent electrode surface and the rare surface before patterning by the photoresist. As a result of the photoresist stripping process of the organic stripper and the aqueous stripper optimized for water content, the aqueous stripper exhibited better electrical and optical characteristics than the organic stripper. In the case of the fluidic strip process with organic stripper, the photoresist dissolves in the stripper solution during stripping which can cause re-adsorption by contamination. Whereas that the aqueous stripper under development seems to decrease the photoresist dissolution in the stripper solution. Because the cyclodextrin contained in the stripper captures organic photoresist into hall of cyclodextrin which stripped through swelling and tearing. The photoresist residue captured by the cyclodextrin can be filtered. After the fluidic stripping process by different chemical stripping mechanism, the cleanliness of the organic stripper and aqueous stripper was compared and analyzed.

Application of a mesh-free method to modelling brittle fracture and fragmentation of a concrete column during projectile impact

  • Das, Raj;Cleary, Paul W.
    • Computers and Concrete
    • /
    • v.16 no.6
    • /
    • pp.933-961
    • /
    • 2015
  • Damage by high-speed impact fracture is a dominant mode of failure in several applications of concrete structures. Numerical modelling can play a crucial role in understanding and predicting complex fracture processes. The commonly used mesh-based Finite Element Method has difficulties in accurately modelling the high deformation and disintegration associated with fracture, as this often distorts the mesh. Even with careful re-meshing FEM often fails to handle extreme deformations and results in poor accuracy. Moreover, simulating the mechanism of fragmentation requires detachment of elements along their boundaries, and this needs a fine mesh to allow the natural propagation of damage/cracks. Smoothed Particle Hydrodynamics (SPH) is an alternative particle based (mesh-less) Lagrangian method that is particularly suitable for analysing fracture because of its capability to model large deformation and to track free surfaces generated due to fracturing. Here we demonstrate the capabilities of SPH for predicting brittle fracture by studying a slender concrete structure (column) under the impact of a high-speed projectile. To explore the effect of the projectile material behaviour on the fracture process, the projectile is assumed to be either perfectly-elastic or elastoplastic in two separate cases. The transient stress field and the resulting evolution of damage under impact are investigated. The nature of the collision and the constitutive behaviour are found to considerably affect the fracture process for the structure including the crack propagation rates, and the size and motion of the fragments. The progress of fracture is tracked by measuring the average damage level of the structure and the extent of energy dissipation, which depend strongly on the type of collision. The effect of fracture property (failure strain) of the concrete due to its various compositions is found to have a profound effect on the damage and fragmentation pattern of the structure.

A Study on the Verification of Heavy Overhaul Maintenance Allowances for the Maintenance Shop (시뮬레이션과 BPR을 응용한 Layout 기반의 철도차량기지 중정비 검수 여유율 검증)

  • Choi, Sung-Hwan;Lee, Hi-Sung
    • Journal of the Korean Society for Railway
    • /
    • v.13 no.1
    • /
    • pp.9-15
    • /
    • 2010
  • When designing the size of a heavy maintenance shop for rolling stock, it is required to arrange buildings and facilities in the minimum site so as to improve the maintenance efficiency. However, the fluctuation rate (hereinafter "allowance rate") on which factors such as service and maintenance fluctuation should be applied when estimating the size of the maintenance shop has been used without verification. The objective of the study is to calculate a reasonable allowance rate and to review its appropriateness through the analysis of the facilities layout and process simulation to absorb the above elements into the staying time in the heavy maintenance shop. Since the working time, in this study, is assumed to be average working time, 10~20% was given to the standard deviation of working time in consideration of difference between workers, and possible allowance rate was drawn by analysis of the simulation results. In the future, it is required to optimize the size of the shop by applying appropriate allowance rate through scientific review of such factors as O&M plan, R/S reserve rate, capability of the shop, outsourcing rate, standard work amount, and so on.

Fabrication and Thermophysical Properties of Al2O3-Based Multicomponent Composites by Sol-Gel Process (알루미나가 포함된 복합산화물의 제조와 열물성 특성평가)

  • Lim, Saet-Byeol;You, Hee-Jung;Hong, Tae-Whan;Jung, Mie-Won
    • Korean Journal of Materials Research
    • /
    • v.20 no.9
    • /
    • pp.472-477
    • /
    • 2010
  • $Al_2O_3$ has received wide attention with established use as a catalyst and growing application in structural or functional ceramic materials. On the other hand, the boehmite (AlO(OH)) obtained by sol-gel process has exhibited a decrease in surface area during phase transformation due to a decline in surface active site at high temperature. In this work, $Al_2O_3$-CuO/ZnO (ACZ) and $Al_2O_3$-CuO/CeO (ACC) composite materials were synthesized with aluminum isopropoxide, copper (II) nitrate hemi (pentahydrate), and cerium (III) nitrate hexahydrate or zinc (II) nitrate hexahydrate. Moreover, the Span 80 as the template block copolymer was added to the ACZ/ACC composition to make nano size particles and to keep increasing the surface area. The ACZ/ACC synthesized powders were characterized by Thermogravimetry-Differential Thermal analysis (TG/DTA), X-ray Diffractometer (XRD), Field-Emmision Scanning Electron Microscope (FE-SEM), Bruner-Emmett-Teller (BET) surface analysis and thermal electrical conductivity (ZEM-2:M8/L). An enhancement of surface area with the addition to Span 80 surfactant was observed in the ACZ powders from 105 $m^2$/g to 142 $m^2$/g, and the ACC powders from 103 $m^2$/g to 140 $m^2$/g, respectively.

A Study on the Establishment of Priority for IT Project Management Using AHP (AHP 기법을 이용한 IT 프로젝트 관리 우선순위 수립에 대한 연구)

  • Kyung, Tae-Won;Kim, Sang-Kuk
    • Information Systems Review
    • /
    • v.9 no.3
    • /
    • pp.157-181
    • /
    • 2007
  • Main concerns of IT project managements are concentrated on the output control and process management. IT project, however, is difficult to measure the quality of achievement, because it produces invisible and intangible outputs. Many studies have been carried on to quantify the intangible aspects of process management. However, most of them have been focused on the technological aspects. This study measures the priority of factors to manage IT project by applying the IT-BSC and PMBOK method. Established indexes include the factors of managerial, social and future-oriented perspectives to check the different aspects of project management over the technical factors. This study uses AHP method for quantitative measurement. This study can be meaningful because of following reasons. First, this study re-arranges IT project management evaluation indexes by balanced scorecard. Second, this model includes human factors of developers and users who are directly related to the project development and operation. Third, important items of each stakeholder have been separated, and the weights of each item have been quantified to have fixed values.

Risk Management System based on Grid Computing for the Improvement of System Efficiency (시스템 효율성 증대를 위한 그리드 컴퓨팅 기반의 위험 관리 시스템)

  • Jung, Jae-Hun;Kim, Sin-Ryeong;Kim, Young-Gon
    • The Journal of the Institute of Internet, Broadcasting and Communication
    • /
    • v.16 no.1
    • /
    • pp.283-290
    • /
    • 2016
  • As the development of recent science and technology, high-performance computing resources is needed to solve complex problems. To reach these requirements, it has been actively studied about grid computing that consist of a huge system which bind a heterogeneous high performance computing resources into on which are geographically dispersed. However, The current research situation which are the process to obtain the best results in the limited resources and the scheduling policy to accurately predict the total execution time of the real-time task are very poor. In this paper, in order to overcome these problems, we suggested a grid computing-based risk management system which derived from the system structure and the process for improving the efficiency of the system, grid computing-based working methodology, risk policy module which can manage efficiently the problem of the work of resources(Agent), scheduling technique and allocation method which can re-allocate the resource allocation and the resources in problem, and monitoring which can manage resources(Agent).

A Research on Lengthening the Life of Warm Forging Die (온간단조금형의 수명연장에 관한 연구)

  • Kim, Sei-Hwan
    • Journal of the Korea Academia-Industrial cooperation Society
    • /
    • v.11 no.1
    • /
    • pp.49-54
    • /
    • 2010
  • Rotor pole for AC(alternating current) generator is manufactured through transfer warm forging die. As soon as the material is heated at the warm manufacturing process, it is transferred to the first stage for upsetting work and then to the second stage for lateral extrusion work. The processes at the lateral extrusion work such as die block, die bushing, center punch, and side punch make severe condition and abrasion which leads to shorten the die life. This causes production decrease, long maintenance time, and low level of precision. Research on the die material selection, heat process cycle improvement, electric discharge machining trouble solution, and re-construction of main parts is expected to find a method to lengthen the die life up to 40 - 50%.