• Smart Structures and Systems
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• v.22 no.2
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• pp.151-159
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• 2018

Maintenance activities are regarded as a key part of the repairable deteriorating system because they maintain the equipment in good condition. In practice, many maintenance policies are used in engineering fields to reduce unexpected failures and slow down the deterioration of the system. However, in traditional maintenance policies, maintenance activities have often been assumed to be performed at the same time interval, which may result in higher operational costs and more system failures. Thus, this study presents two non-periodic preventive maintenance (PM) policies for repairable deteriorating systems, employing the failure rate of the system as a conditional variable. In the proposed PM models, the failure rate of the system was restored via the failure rate reduction factors after imperfect PM activities. Operational costs were also considered, which increased along with the operating time of the system and the frequency of PM activities to reflect the deterioration process of the system. A numerical example was provided to illustrate the proposed PM policy. The results showed that PM activities performed at a low failure rate threshold slowed down the degradation of the system and thus extended the system lifetime. Moreover, when the operational cost was considered in the proposed maintenance scheme, the system replacement was more cost-effective than frequent PM activities in the severely degraded system.

• Health Policy and Management
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• v.19 no.4
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• pp.98-120
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• 2009

The purpose of this study is to elicit preference for drug listing decision criteria and to estimate the ICER threshold in South Korea using the discrete choice experiment (DCE) method. To collect the data, a DCE survey was administered to a subject sample either educated in the principle concepts of pharmacoeconomics or were decision makers within that field. Subjects chose between alternative drug profiles differing in four attributes: ICER, uncertainty, budget impact and severity of disease. The orthogonal and balanced designs were determined through computer algorithm to take the optimal set of drug profiles. The survey employed 15 hypothetical choice sets. A random effect probit model was used to analyze the relative importance of attributes and the probabilities of a recommendation response. Parameter estimates from the models indicated that three attributes (ICER, Impact, Severity of disease) influenced respondents' choice significantly(p${\pm}$0.001). In addition, each parameter displayed an expected sign. The Lower the ICER, the higher the probability of choosing that alternative. Respondents also preferred low levels of uncertainty and smaller impact on health service budget. They were also more likely to choose drugs for serious diseases rather than mild or moderate ones. Uncertainty however is not statistically significant. The ICER threshold, at which the probability of a recommendation was 0.5, was 29,000,000 KW/QALY in expert group and 46,500,000 KW/QALY in industry group. We also found that those in our sample were willing to accept high ICER to get medication for severe diseases. This study demonstrates that the cost-effectiveness, budget impact and severity of disease are the main reimbursement decision criteria in South Korea, and that DCE can be a useful tool in analyzing the decision making process where a variety of factors are considered and prioritized.

• Journal of the Korea Society for Simulation
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• v.27 no.3
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• pp.45-52
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• 2018

We consider the busy period of an M/G/1/K queueing system with queue-length-dependent overload control policy. A variant of an oscillating control strategy that was recently analyzed by Choi and Kim (2016) is considered: two threshold values, $L_1({\leq_-}L_2)$ and $L_2({\leq_-}K)$, are assumed, and service rate and arrival rate are adjusted depending on the queue length to alleviate congestion. We investigate the busy period of an M/G/1/K queue with two overload control policies, and present the formulae to obtain the expected length of a busy period for each control policy. Based on the numerical examples, we conclude that the variability and expected value of the service time distribution have the most influence on the length of a busy period.

• Journal of the Korean Data and Information Science Society
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• v.22 no.6
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• pp.1089-1096
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• 2011

We consider an infinite dam with inputs formed by a compound Poisson process and adopt a $P^M_{\lambda}$-policy to control the level of water, where the water is released at rate M when the level of water exceeds threshold ${\lambda}$. We obtain interesting stationary properties of the level of water, when the amount of each input independently follows an exponential distribution. After assigning several managing costs to the dam, we derive the long-run average cost per unit time and show that there exist unique values of releasing rate M and threshold ${\lambda}$ which minimize the long-run average cost per unit time. Numerical results are also illustrated by using MATLAB.

• Environmental Analysis Health and Toxicology
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• v.4 no.1_2
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• pp.55-65
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• 1989

Nevertheless the serious environmental pollution in Korea has been discussed in concern with health effect, the significant effect are not determined easily. Toxicological method has been used to establish safe levels of exposure for environmental pollutants to have threshold health effect below which significant effects are unlikely to occur. However the conventional method cannot to establish safe levels of exposure for non-threshold pollutants have been used to express comprehensive pollution degree, not in detailed toxic effects. Acceptable exposure or risk levels are decides by policymakers who consider descriptions and estimates of risks together with social and economic benefits. This paper focuses on the concept development of risk assessment and describes some risks of environmental pollution based on the surveyed date in Korea. The current concepts of risk assessment in policy descisions can be explored and areas for possible improvement, given current scientific knowledge are identified. The experience of foreign countries can provide a realistic basis for evaluating the existing data of environmental pollutants. To improve the environmental quality, risk regulation should be managed as soon as possible in Korea.

• Journal of applied mathematics & informatics
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• v.38 no.3_4
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• pp.351-373
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• 2020

There is an extensive literature on retrial queueing models. While a majority of the literature on retrial queueing models focuses on the retrial times to be exponentially distributed (so as to keep the state space to be of a reasonable size), a few papers deal with nonexponential retrial times but with some additional restrictions such as constant retrial rate, only the customer at the head of the retrial queue will attempt to capture a free server, 2-state phase type distribution, and finite retrial orbit. Generally, the retrial queueing models are analyzed as level-dependent queues and hence one has to use some type of a truncation method in performing the analysis of the model. In this paper we study a retrial queueing model with threshold-type policy for orbiting customers in the context of nonexponential retrial times. Using matrix-analytic methods we analyze the model and compare with the classical retrial queueing model through a few illustrative numerical examples. We also compare numerically our threshold retrial queueing model with a previously published retrial queueing model that uses a truncation method.

• KDI Journal of Economic Policy
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• v.42 no.1
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• pp.31-56
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• 2020

Does financial development contribute to economic growth? The literature finds that an expansion in financial resources is useful for economic growth if the degree of financial development is under a certain threshold; otherwise, the expansion is detrimental to growth. Almost every published study, however, considers country-panel data. Accordingly, the results are not directly applicable to the Korean economy. By examining Korean time-series data, this paper finds that there is an inverse U-shaped relationship between the per capita real GDP growth rate and private credit (as a percentage of nominal GDP)-a well-known measure of quantitative financial development, where the threshold is 171.5%. This paper also finds that private credit is positively associated with economic growth if the share of household credit out of private credit is less than 46.9%; otherwise, private credit is negatively associated with economic growth. As of 2016, the ratio of private credit to GDP and the ratio of household credit to private credit are both higher than the corresponding thresholds, which implies that policymakers should place more emphasis on qualitative financial development than on a quantitative expansion of financial resources.

• Journal of applied mathematics & informatics
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• v.39 no.1_2
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• pp.173-196
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• 2021

This paper treats a retrial queue with phase type retrial times and a threshold type-policy, where each server is subject to breakdowns and repairs. Upon a server failure, the customer whose service gets interrupted will be handed over to another available server, if any; otherwise, the customer may opt to join the retrial orbit or depart from the system according to a Bernoulli trial. We analyze such a multi-server retrial queue using the recently introduced threshold-based retrial times for orbiting customers. Applying the matrix-analytic method, we carry out the steady-state analysis and report a few illustrative numerical examples.

• 한국사회정책
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• v.23 no.1
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• pp.25-59
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• 2016

This paper analyses the policy effect of minimum housing standards, using the fact that Seoul set the minimum housing standards in 1998. Because the whole country except Seoul did not set the minimum housing standards in 1998, we could find this situation as a quasi-experiment. In order to identify the policy effect of minimum housing standards, I compare decreasing amounts in the number of households below the threshold between Seoul and comparison regions from 1995 to 2000, using Differences-in-Differences method. I draw estimate of one-to-one comparison, using Gyeonggi province as a comparison region, and OLS estimate, utilizing the whole nation except Seoul as a comparison region, respectively, and compare two estimates. The former and the latter suggest that the setting of Seoul minimum housing standard in 1998 account for decreasing the number of households under the minimum housing standard, by about 216,638 and 325,149, respectively. The latter is statistically significant at the 0.001 level and the former is in the 95% confidence level of the latter. Therefore we could conclude that the setting of minimum housing standards contributes significantly to achieve the policy objectives, a decrease in the number of households, which are below the threshold.

• Journal of Korea Society of Industrial Information Systems
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• v.21 no.6
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• pp.1-12
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• 2016

In this paper, we consider a general discrete-time queueing system with D-BMAP(discrete-time batch Markovian arrival process) and D-policy. An idle single server becomes busy when the total service times of waiting customer group exceeds the predetermined workload threshold D. Once the server starts busy period, the server provides service until there is no customer in the system. The steady-state workload distribution is derived in the form of generating function. Mean workload is derived as a performance measure. Simulation is also performed for the purpose of verification and a simple numerical example is shown.