• Title/Summary/Keyword: standard of cost estimation

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Standard Process Rationalization Research of Estimation Cost for Automotive Parts Industry (자동차 부품산업의 견적원가 산정을 위한 표준 프로세스 합리화 방안 연구)

  • Kim, Young-Cheol;Kang, Kyung-Sik
    • Journal of the Korea Safety Management & Science
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    • v.18 no.4
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    • pp.115-122
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    • 2016
  • Price quotations for SOR / RFQ from OEM clients is a very important process in the automotive parts industry. However, OEM clients are demanding a price quote on short duration but it takes long delivery time due to sales, research and development, purchasing, production and cost management departments role and jobs focused on detail and responsibility. And to provide a reasonable alternative with eliminating the waste of non-value processes is to achieve OEM clients satisfaction through standardized and parallel processing, IT system based on the systems and processes of global benchmark companies.

Computationally Efficient 2-D DOA Estimation Using Two Parallel Uniform Linear Arrays

  • Cao, Hailin;Yang, Lisheng;Tan, Xiaoheng;Yang, Shizhong
    • ETRI Journal
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    • v.31 no.6
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    • pp.806-808
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    • 2009
  • A new computationally efficient algorithm-based propagator method for two-dimensional (2-D) direction-of-arrival (DOA) estimation is proposed, which uses two parallel uniform linear arrays. The algorithm takes advantage of the special structure of the array which enables 2-D DOA estimation without pair matching. Simulation results show that the proposed algorithm achieves very accurate estimation at a computational cost 4 dB lower than that of standard methods.

The cost efficiency analysis of Korean life insurance companies by data envelopment analysis

  • Kang, Jungchul
    • Journal of the Korean Data and Information Science Society
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    • v.26 no.6
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    • pp.1523-1535
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    • 2015
  • We investigate the effect of introduction of the bancassurance system on cost efficiency in the Korean insurance industry between 1997 and 2012. Our estimation results indicate that introduction of this system contributed positively to efficiency of life insurance companies in Korea. Increase in a one standard deviation of bancassurance increases cost efficiency by 0.08 which is equivalent to 12 percent of mean cost efficiency. Recognising that the bancassurance system is a relatively new concept, our results indicate that the bancassurance system can be a policy measure to improve productivity in an emerging insurance market. The results illustrate that positive effects have accrued particularly to medium-sized companies and domestic companies, contrary to the prevailing perception that increased competition through bancassurance is more beneficial to large companies and foreign companies.

A Study On The Cost Estimation Of The Depot Maintenance Elements Development Project (창정비 요소개발 비용산정 방안에 대한 연구)

  • Kim, Jeung-Ki;Choi, Gwang-Mook;Seo, Hyeok
    • Journal of the military operations research society of Korea
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    • v.31 no.2
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    • pp.45-59
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    • 2005
  • As more advanced and complicated equipments are introduced, effective operation and maintenance, along with acquisition of the equipments, commands more significance lately. In order to perform effective depot maintenance, the Republic of Korea Army is continually developing the concept, cycle and method for operating the depot maintenance. Not only the high-cost testing and maintenance equipments but the highly developed maintenance technologies are required for the depot maintenance of the latest weapon system. In order to have the depot maintenance capability, this paper provides the standard and procedure for estimating the development cost of the depot maintenance elements to be utilized in the depot maintenance elements development project.

A Study on the Pro-Environmental Energy Supply Program of Urban Enterprises on the concept of BAT(Best Available Technology): Application of Air Environmental Indices and Benefit-Cost Analysis Based (한 도시 사업체 에너지 수급의 최적화 방안 연구 - 대기오염지수와 경제성 평가를 중심으로 -)

  • Kwon, Yong-Sik;Kim, Yong-Bum;Chung, Yong
    • Journal of Environmental Impact Assessment
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    • v.7 no.2
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    • pp.89-102
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    • 1998
  • The purpose of this study is to seek AEI(Air Environmental Indices), PSI(Pollutant Standard Index) and the urban air quality control goal(the best available alternative energy program) by assessing the best ratio of energy types used in urban enterprises, based on harmful health effect and air quality standard and costs. This study is focused on an urban area(Puchun), where area sourcees are associated with heavy traffic, large population, and its industrial sources with large emissions. In the first step, air modeling, estimation of AEI and PSI, and benefit-cost analysis were carried out. In the second step, we assessed that 660 scenarios about the ratio of B-C oil, light oil and LNG used in urban enterprises with regard to air quality and cost. In the third step, the best available alternative energy program was selected for the ratio of energy species(B-C oil, light oil and LNG) by using the lexicographic method. From the emission analysis, main source of $NO_2$ is identified as industries and air quality is evaluated according to the ratio of B-C oil, light oil and LNG used in urban enterprise. The modeling data of TSP, $SO_2$, $NO_2$, CO, $O_3$, by ISC3 and PBM are respectively $118{\mu}g/m^3$, 0.027ppm, 0.025ppm, 2.0ppm, 0.55ppm in indurstrial area. That data are close to Environmental Air Quality Standard. By means of sensitivity analysis, we obtained the difference in concentration between the areas(Nae-dong, Joong-dong) according to the ratio of B-C oil, light oil and LNG used in the industries. From the result of alternatives assessment the lowest AEI value and cost, the ratio of B-C oil, light oil and LNG are 2.5%, 20%, 77.5%, respectively.

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Reliability Analysis on the Decision Method of Lateral Flow of Foundation Piles for Abutment (교대 기초말뚝의 측방유동 판정식에 관한 신뢰성 해석)

  • Ahn, Jong-Pil;Kim, Gyu-Deok;Kim, Il-Goo;Choi, Jin-Ho
    • Proceedings of the Korean Geotechical Society Conference
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    • 2008.10a
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    • pp.1090-1097
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    • 2008
  • This study conducted the decision method of lateral flow in abutment structures founded on the soft soils and the reliability analysis on the foundation pile for abutment. On the basis of the results, this study proposed the reliability design model. Reliability analysis was conducted by applying second moment method, point estimation method, and expected total cost minimization to lateral movement index, lateral movement decision index, modified lateral movement decision index, and circular failure safety factor for the decision criteria of lateral flow. The reliability index by analysis method had a similar tendency each other. Point estimation method was found as a practical method in the aspect of convenience because it could conduct the analysis only by mean and standard deviation as well as the partial derivative on random variables was not necessary. Optimum reliability index and optimum safety according to increasing in failure factors and load ratio were analyzed and loads and resistance factors of the design criteria of optimum reliability were estimated. It presented rational design model which can consider construction level and stability and economical efficiency overall.

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An Ordinary Management System for Updating Construction Equipment Prices in the Poom-Saem Based on the Standard Market Price1 (시가표준액표를 활용한 건설공사표준품셈 건설기계가격 상시관리 시스템 개발)

  • Ahn, Bang-Ryul;Tae, Yong-Ho;Kim, Dae;Huh, Young-Ki
    • Journal of the Korea Institute of Building Construction
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    • v.15 no.4
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    • pp.397-404
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    • 2015
  • Construction equipment cost is critical to estimate the total construction costs, particularly in large and complicated projects. Public construction projects are typically estimated using the Poom-Saem which includes hourly rates for workers and equipments. Despite its importance, the construction equipment cost may not properly reflect the current market value because it is being updated every six years at most. To keep the data for construction equipment cost estimation up to date, it is highly recommended to use the standard market price that is reported each year by the Ministry of Security and Public Administration (MOSPA). However, there is still a wide gap to directly adopt the standard market price for updating the construction equipment prices. Therefore, this paper suggests an effective way to develop an ordinary management systems for updating construction equipment prices in the Poom-saem based on the standard market price.

Spatiotemporal Visualization of Unit Price Data of Highway Projects

  • Jain, Deepanshi;Shrestha, K. Joseph;Jeong, H. David
    • International conference on construction engineering and project management
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    • 2015.10a
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    • pp.77-81
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    • 2015
  • The unit price contracting is the standard contracting method for highway projects in the U.S. As a result, state highway agencies have collected a large amount of historical bid data that they can use to determine engineer's estimates for future projects. The estimator must carefully consider various characteristics of a new project such as its location to determine an engineer's estimate as accurate as possible before bid letting. Higher cost estimates can result in the loss of the available budget and lower cost estimates may lead to deferral and delay of projects. The study uses the historical bid data obtained from Iowa Department of Transportation and develops a Geographic Information System (GIS) tool to visually show the variation of unit prices over the map using a spatial interpolation technique. The interpolation map can be used to estimate the unit price of the item at any location across Iowa. This noble method allows the estimator to effectively and fully utilize the historical bid data in a very time efficient manner and determine more accurate cost estimation.

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Development of Maintenance Management System Module in BTL Project for Educational Facilities (교육시설물 BTL 사업의 유지관리 시스템 모듈 개발)

  • Lee, Eun-Dong;Son, Jae-Ho;Kim, Jae-On
    • Korean Journal of Construction Engineering and Management
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    • v.8 no.5
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    • pp.132-141
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    • 2007
  • According to the public information of the Ministry of Education & Human Resources Development, the construction project of educational facilities from 2005 to 2007 will use BTL (Build-Transfer-Lease) contract. Budget of those projects will be the worth over 13 trillion won. In this research, the estimation standards for the public health maintenance expenses are established which is the part of the operation and maintenance cost in the total BTL project cost. Also, a system core module using the developed standard was introduced in this paper. A comparative analyses were conducted with the several possible estimation case to validate the system developed.

Estimating System for Concrete Bridge using 3D Bridge Information Models (3차원 교량정보모델에 기반한 콘크리트 교량의 견적 시스템)

  • Shim, Chang-Su;Kim, Deok-Won;Lee, Kwang-Myong
    • Proceedings of the Korea Concrete Institute Conference
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    • 2009.05a
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    • pp.43-44
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    • 2009
  • 3D bridge information models for a concrete box-girder bridge were built and a typical application example for the estimation linked with the 3D models was proposed. 3D geometry objects with PBS (product breakdown structure) were constructed using standard classification codes and 2D drawings. Information on the amount of materials according to the classification codes was utilized for the estimation system. A process for the estimation of concrete and rebars was developed and verified through the pilot test. Optimization of rebar fabrication was suggested as an additional function and was utilized for the cost reduction and standard fabrication.

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