• Journal of the Korean Institute of Illuminating and Electrical Installation Engineers
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• v.25 no.5
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• pp.34-38
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• 2011

The shorter the electric power line is, the less its cost becomes. In this paper, the Steiner tree is applied to find the shortest path of the electric power line to obtain resultant cost reduction. Up to 18.3[%] of length reduction can be expected compared to conventional method when the lines are connected through the Steiner points, which also can result in appreciable cost reduction.

• The Transactions of The Korean Institute of Electrical Engineers
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• v.57 no.12
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• pp.2208-2212
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• 2008

This paper deals with the cost reduction design of a single-phase line-start permanent magnet(LSPM) motor. Due to high cost of the permanent magnet(PM), cost reduction can be effectively achieved by reducing PM volume. Therefore, motor characteristics according to the PM volume are calculated by using d-q axis equivalent circuit analysis, and the characteristic map is made. In the characteristic map, maximum torque and efficiency are shown according to motor parameters such as back electromotive force(back emf) and inductances; back emf represents the PM volume. Minimum back emf and inductances satisfying output performance are determined in the characteristic map. Then, motor geometry based on the prototype motor is optimized to get the determined parameters using response surface methodology(RSM) and finite element method(FEM). Through the presented cost reduction design, total PM volume is reduced to 32% of prototype model.

• Proceedings of the Korean Institute Of Construction Engineering and Management
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• 2004.11a
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• pp.616-619
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• 2004

The term 'cost reduction' often carries a negative image in a sense of sacrifice of other management elements such as qualify, safety, client satisfaction, etc. However creative cost reduction approaches can achieve not only cost reduction itself but also value for money. The objective of this paper is to identify and discuss major characteristics of creative cost reduction strategies from best practice cases of Constructing Excellence.

• Journal of Korean Society of Industrial and Systems Engineering
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• v.2 no.2
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• pp.11-18
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• 1979

The purpose of this study is to establish a purchasing cost reduction program for the management practical use. The research method of this study is a bibliographical search of the materials available in the library at Keimyung University and the writer's private study, and the case analysis. The body of this study is divided into three sections. The first section deals with the purchasing management systems in terms of the nature and characters of purchasing management and purchasing cost in total management system. The second section includes purchasing cost reduction program through value analysis technique and the third section covers summary and the following conclusions : 1) Top management should be aware of the important position of purchasing activities from the cost point of view, and they should be aware that a good purchasing cost reduction program could be established through value analysis technique. 2) For such a purchasing cost reduction program to be carried out. effectively the management should support and back up the program. 3) There should be a training program to educate and develop the personnel who can manage and operate the purchasing cost reduction program through valuean analysis technique. 4) And cooperative system should be established in management and operative organization system from the total management systems, view for the effective use of the program.

• Nuclear Engineering and Technology
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• v.47 no.7
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• pp.849-858
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• 2015

This study set the pyroprocess facility at an engineering scale as a cost object, and presented the cost consumed during the unit processes of the pyroprocess. For the cost calculation, the activity based costing (ABC) method was used instead of the engineering cost estimation method, which calculates the cost based on the conceptual design of the pyroprocess facility. The calculation results demonstrate that the pyroprocess facility's unit process cost is $194/kgHM for pretreatment, $298/kgHM for electrochemical reduction, $226/kgHM for electrorefining, and $299/kgHM for electrowinning. An analysis demonstrated that the share of each unit process cost among the total pyroprocess cost is as follows: 19% for pretreatment, 29% for electrochemical reduction, 22% for electrorefining, and 30% for electrowinning. The total unit cost of the pyroprocess was calculated at $1,017/kgHM. In the end, electrochemical reduction and the electrowinning process took up most of the cost, and the individual costs for these two processes was found to be similar. This is because significant raw material cost is required for the electrochemical reduction process, which uses platinum as an anode electrode. In addition, significant raw material costs are required, such as for $Li_3PO_4$, which is used a lot during the salt purification process.

• The Korean Journal of Franchise Management
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• v.13 no.3
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• pp.45-55
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• 2022

Purpose: Consumers' experience of functional attributes is remembered, and the experience lowers the cost of consumers' input from their point of view and reduces uncertainty. It also plays an important role in consumers' positive emotions and responses. Accordingly, if information search costs are reduced in terms of the costs perceived by consumers about restaurants, a strategy differentiated from other companies can be established. Therefore, this study investigated the effect of functional congruence of restaurant stores on information search cost reduction, positive/negative emotions, and loyalty. Research Design, Data, and Methodology: This study investigated functional congruence, information search cost reduction, and positive/negative emotions. The structural relationship between loyalty was analyzed. To verify this, a research hypothesis was established based on previous studies and a research model was constructed. The questionnaire items were modified and used according to the current study, based on previous studies. The data were collected using the questionnaire method from 187 people who had dining out experience. Frequency analysis was performed to confirm demographic characteristics. Reliability, convergent validity, and discriminant validity of the collected data were verified. The research model was analyzed with a structural equation modeling (SmartPLS 4). Results: The findings show that functional congruence had significant positive effects on information search cost reduction and positive emotion, but no significant effect on negative emotion. Information search cost reduction had significant positive effects on positive emotion/negative emotion but did not significantly affect loyalty. Lastly, both positive and negative emotions had significant positive effects on loyalty. Conclusion: Based on transaction cost theory, this study found how functional congruence and information search cost reduction influence consumers' emotions. The functional attributes of restaurants were perceived by customers as information, thus uncertainty was decreased. Finally, appropriate management strategies and implications of functional congruence and information search cost in the restaurant were suggested.

• IE interfaces
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• v.13 no.2
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• pp.217-224
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• 2000

This paper analyzes the effects of setup cost reduction in a dynamic lot-sizing model for a single-facility multi-product problem. In the model, demands for each product are known, no backlogging is allowed, and a single resource is employed. Also, setup cost is defined as a function of capital expenditure to invest in setup cost reduction. Furthermore, in each production period the facility (or plant) produces many products, each representing a fixed part of the involved production activity (or input resource quantity). In this paper, the structure of the optimal solution is characterized and an efficient algorithm is proposed for simultaneously determining the optimal lot size with reduced setup cost and the optimal investment in setup cost reduction. Also, the proposed algorithm is illustrated by a numerical example with a linear and an exponential setup reduction functions.

• Journal of the Korean Operations Research and Management Science Society
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• v.17 no.3
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• pp.13-26
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• 1992

Set-up reduction is an important aspect of the Japanese Just-In-Time (JIT) and Zero Inventory (ZI) concepts. In this paper, we first analyze the effects of set-up cost reduction on tatal inventory, average lot size and forecast horizon in the dynamic lot size model. We also examine the various effects of set-up cost reduction in the EOQ model and explain why many Japanese firms try to cut set-up cost and/or set-up time greatly.

• Asian Journal of Atmospheric Environment
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• v.5 no.4
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• pp.228-236
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• 2011

Since most Green House Gases (GHGs) and air pollutants are generated from the same sources, it will be cost-effective to develop a GHGs reduction plan in combination with simultaneous removal of air pollutants. However, effects on air pollutants reduction according to implementing any GHG abatement plans have been rarely studied. Reflecting simultaneous removal of air pollutants along with the GHGs emission reduction, this study investigated relative cost effectiveness among GHGs reduction action plans in Busan Metropolitan City. We employed the Data Envelopment Analysis (DEA), a methodology that evaluates relative efficiency of decision-making units (DMUs) producing multiple outputs with multiple inputs, for the investigation. Assigning each GHGs reduction action plan to a DMU, implementation cost of each GHGs reduction action plan to an input, and reduction potential of GHGs and air pollutants by each GHGs reduction action plan to an output, we calculated efficiency scores for each GHGs reduction action plan. When the simultaneous removal of air pollutants with the GHGs reduction were considered, green house supply-insulation improvement and intelligent transportation system (ITS) projects had high efficiency scores for cost-positive action plans. For cost-negative action plans, green start network formation and running, and daily car use control program had high efficiency scores. When only the GHGs reduction was considered, project priority orders based on efficiency scores were somewhat different from those when both the removal of air pollutants and GHGs reduction were considered at the same time. The expected action plan priority difference is attributed to great difference of air pollutants reduction potential according to types of energy sources to be reduced.

• The Korean Journal of Health Service Management
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• v.10 no.2
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• pp.49-58
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• 2016

Objectives : The purpose of this study was to find factors affecting the cost-reduction practice of clinical nurses. Methods : The Data were collected from Feb. 25, to Mar. 15, 2015.the Total subjects were 201 nurses working in secondary-care hospitals located in Busan Results : The Meaningful variables that explain the cost-reduction practice in clinical nurses were psychological ownership, religion, and marital status in that order. Total explanation power was 22.1.% and psychological ownership has most explanation power. Conclusions : Psychological ownership and economic consciousness need to improve to develop cost-reduction practices. Additionally, nurses with and low concern about finances need to receive financial-related education.