• Title/Summary/Keyword: Bayesian cost

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A Strategy Bayesian Model to Predict Profit of Construction Projects

  • Park, Sung-Hyuk;Kim, Sang-Yong
    • Architectural research
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    • v.13 no.3
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    • pp.49-56
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    • 2011
  • Competitive bidding in construction is concerned with contractors making strategic decisions in respect of determination of bid price if contractors opt to bid. This study presents a strategy model for deciding optimum tender price with reflecting appropriate profit in competitive bidding using Bayesian regression analysis (BRA). The purpose of the developed model is to help contractors to secure suitable profitability by predicting the actual profit based on key variables. They may affect construction cost at bidding phase, ultimately which help contractors to secure high quality output. The model was tested empirically by application to a bidding dataset collected from a large South Korea contractor. BRA allows contractors to estimate more accurate actual profit by reflecting not only objective information but also subjective experiences and judgments. Consequently, the model can contribute to improvement of decision-making process for setting an optimum tender price.

A Bayesian Approach to Software Optima I Re lease Policy (소프트웨어 최적출하정책의 베이지안 접근방법)

  • 김희수;이애경
    • Proceedings of the Korean Reliability Society Conference
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    • 2002.06a
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    • pp.273-273
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    • 2002
  • In this paper, we investigate a software release policy with software reliability growth factor during the warranty period by assuming that the software reliability growth is assumed to occur after the testing phase with probability p and the software reliability growth is not assumed to occur after the testing phase with probability 1-p. The optimal release policy to minimize the expected total software cost is discussed. Numerical examples are shown to illustrate the results of the optimal policy. And we consider a Bayesian decision theoretic approach to determine an optimal software release policy. This approach enables us to update our uncertainty when determining optimal software release time, When the failure time is Weibull distribution with uncertain parameters, a bayesian approach is established. Finally, numerical examples are presented for illustrative propose.

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Modeling Procedure to Adapt to Change of Trend of Water Demand: Application of Bayesian Parameter Estimation (물수요의 추세 변화의 적응을 위한 모델링 절차 제시:베이지안 매개변수 산정법 적용)

  • Lee, Sangeun;Park, Heekyung
    • Journal of Korean Society of Water and Wastewater
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    • v.23 no.2
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    • pp.241-249
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    • 2009
  • It is well known that the trend of water demand in large-size water supply systems has been suddenly changed, and many expansions of water supply facilities become unnecessary. To be cost-effective, thus, politicians as well as many professionals lay stress on the adaptive management of water supply facilities. Failure in adapting to the new trend of demand is sure to be the most critical reason of unnecessary expansions. Hence, we try to develop the model and modeling procedure that do not depend on the old data of demand, and provide engineers with the fast learning process. To forecast water demand of Seoul, the Bayesian parameter estimation was applied, which is a representative method for statistical pattern recognition. It results that we can get a useful time-series model after observing water demand during 6 years, although trend of water demand were suddenly changed.

Development and Application of a Performance Prediction Model for Home Care Nursing Based on a Balanced Scorecard using the Bayesian Belief Network (Bayesian Belief Network 활용한 균형성과표 기반 가정간호사업 성과예측모델 구축 및 적용)

  • Noh, Wonjung;Seomun, GyeongAe
    • Journal of Korean Academy of Nursing
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    • v.45 no.3
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    • pp.429-438
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    • 2015
  • Purpose: This study was conducted to develop key performance indicators (KPIs) for home care nursing (HCN) based on a balanced scorecard, and to construct a performance prediction model of strategic objectives using the Bayesian Belief Network (BBN). Methods: This methodological study included four steps: establishment of KPIs, performance prediction modeling, development of a performance prediction model using BBN, and simulation of a suggested nursing management strategy. An HCN expert group and a staff group participated. The content validity index was analyzed using STATA 13.0, and BBN was analyzed using HUGIN 8.0. Results: We generated a list of KPIs composed of 4 perspectives, 10 strategic objectives, and 31 KPIs. In the validity test of the performance prediction model, the factor with the greatest variance for increasing profit was maximum cost reduction of HCN services. The factor with the smallest variance for increasing profit was a minimum image improvement for HCN. During sensitivity analysis, the probability of the expert group did not affect the sensitivity. Furthermore, simulation of a 10% image improvement predicted the most effective way to increase profit. Conclusion: KPIs of HCN can estimate financial and non-financial performance. The performance prediction model for HCN will be useful to improve performance.

Synthesizing Failure Data of Pump in PCB Manufacturing using Bayesian Method (베이지안 방법을 이용한 PCB 제조공정의 펌프 고장 데이터 합성)

  • Woo, Jeong Jae;Kim, Min Hwan;Chu, Chang Yeop;Baek, Jong Bae
    • Journal of the Korean Society of Safety
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    • v.35 no.1
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    • pp.79-86
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    • 2020
  • Failure data that has systematically managed for a long time has high reliability to an estimated volume. But since much cost and effort are needed to secure reliability data, data from overseas country is used in quantitative risk analysis in many workplaces. Reliability of the data that can be collected in workplaces can be dropped because of insufficient sample or lack of observation time. Therefore, estimated data is difficult to use as it is and environment and characteristic of the workplace cannot be reflected by using data from overseas country. So this study used Bayesian method that can be used reflecting both reliability data from overseas country and workplace failure data that has less samples. As a setting toward difficult situation that securing sufficient failure data cannot be achieved, we composed workplace failure data equivalent to mass observation time 20%(t=17000), 40%(t=24000), 60%(t=31000), 80%(t=38000) and IEEE data by using Bayesian method.

A Study on FSA Application to PRS for Safe Operation of Dynamic Positioning Vessel

  • Chae, Chong-Ju;Jun, Yun-Chul
    • Journal of Navigation and Port Research
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    • v.41 no.5
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    • pp.287-296
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    • 2017
  • The Formal Safety Assessment (FSA) is a structured and systematic methodology developed by the IMO, aimed at assessing the risk of vessels and recommending the method to control intolerable risks, thereby enhancing maritime safety, including protection of life, health, the marine environment and property, by using risk analysis and cost-benefit assessment. While the FSA has mostly been applied to merchant vessels, it has rarely been applied to a DP vessel, which is one of the special purpose vessels in the offshore industry. Furthermore, most of the FSA has been conducted so far by using the Fault Tree Analysis tool, even though there are many other risk analysis tools. This study carried out the FSA for safe operation of DP vessels by using the Bayesian network, under which conditional probability was examined. This study determined the frequency and severity of DP LOP incidents reported to the IMCA from 2001 to 2010, and obtained the Risk Index by applying the Bayesian network. Then, the Risk Control Options (RCOs) were identified through an expert brainstorming and DP vessel simulations. This study recommends duplication of PRS, regardless of the DP class and PRS type and DP system specific training. Finally, this study verified that the Bayesian network and DP simulator can also serve as an effective tool for FSA implementation.

The Bayesian Approach of Software Optimal Release Time Based on Log Poisson Execution Time Model (포아송 실행시간 모형에 의존한 소프트웨어 최적방출시기에 대한 베이지안 접근 방법에 대한 연구)

  • Kim, Hee-Cheul;Shin, Hyun-Cheul
    • Journal of the Korea Society of Computer and Information
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    • v.14 no.7
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    • pp.1-8
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    • 2009
  • In this paper, make a study decision problem called an optimal release policies after testing a software system in development phase and transfer it to the user. The optimal software release policies which minimize a total average software cost of development and maintenance under the constraint of satisfying a software reliability requirement is generally accepted. The Bayesian parametric inference of model using log Poisson execution time employ tool of Markov chain(Gibbs sampling and Metropolis algorithm). In a numerical example by T1 data was illustrated. make out estimating software optimal release time from the maximum likelihood estimation and Bayesian parametric estimation.

Statistical Applications for the Prediction of White Hispanic Breast Cancer Survival

  • Khan, Hafiz Mohammad Rafiqullah;Saxena, Anshul;Gabbidon, Kemesha;Ross, Elizabeth;Shrestha, Alice
    • Asian Pacific Journal of Cancer Prevention
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    • v.15 no.14
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    • pp.5571-5575
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    • 2014
  • Background: The ability to predict the survival time of breast cancer patients is important because of the potential high morbidity and mortality associated with the disease. To develop a predictive inference for determining the survival of breast cancer patients, we applied a novel Bayesian method. In this paper, we propose the development of a databased statistical probability model and application of the Bayesian method to predict future survival times for White Hispanic female breast cancer patients, diagnosed in the US during 1973-2009. Materials and Methods: A stratified random sample of White Hispanic female patient survival data was selected from the Surveillance Epidemiology and End Results (SEER) database to derive statistical probability models. Four were considered to identify the best-fit model. We used three standard model-building criteria, which included Akaike Information Criteria (AIC), Bayesian Information Criteria (BIC), and Deviance Information Criteria (DIC) to measure the goodness of fit. Furthermore, the Bayesian method was used to derive future survival inferences for survival times. Results: The highest number of White Hispanic female breast cancer patients in this sample was from New Mexico and the lowest from Hawaii. The mean (SD) age at diagnosis (years) was 58.2 (14.2). The mean (SD) of survival time (months) for White Hispanic females was 72.7 (32.2). We found that the exponentiated Weibull model best fit the survival times compared to other widely known statistical probability models. The predictive inference for future survival times is presented using the Bayesian method. Conclusions: The findings are significant for treatment planning and health-care cost allocation. They should also contribute to further research on breast cancer survival issues.

Grid Map Building and Sample-based Data Association for Mobile Robot Equipped with Low-Cost IR Sensors (저가 적외선센서를 장착한 이동로봇에 적용 가능한 격자지도 작성 및 샘플기반 정보교합)

  • Kwon, Tae-Bum;Song, Jae-Bok
    • The Journal of Korea Robotics Society
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    • v.4 no.3
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    • pp.169-176
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    • 2009
  • Low-cost sensors have been widely used for mobile robot navigation in recent years. However, navigation performance based on low-cost sensors is not good enough to be practically used. Among many navigation techniques, building of an accurate map is a fundamental task for service robots, and mapping with low-cost IR sensors was investigated in this research. The robot's orientation uncertainty was considered for mapping by modifying the Bayesian update formula. Then, the data association scheme was investigated to improve the quality of a built map when the robot's pose uncertainty was large. Six low-cost IR sensors mounted on the robot could not give rich data enough to align the range data by the scan matching method, so a new sample-based method was proposed for data association. The real experiments indicated that the mapping method proposed in this research was able to generate a useful map for navigation.

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Activity Recognition based on Multi-modal Sensors using Dynamic Bayesian Networks (동적 베이지안 네트워크를 이용한 델티모달센서기반 사용자 행동인식)

  • Yang, Sung-Ihk;Hong, Jin-Hyuk;Cho, Sung-Bae
    • Journal of KIISE:Computing Practices and Letters
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    • v.15 no.1
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    • pp.72-76
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    • 2009
  • Recently, as the interest of ubiquitous computing has been increased there has been lots of research about recognizing human activities to provide services in this environment. Especially, in mobile environment, contrary to the conventional vision based recognition researches, lots of researches are sensor based recognition. In this paper we propose to recognize the user's activity with multi-modal sensors using hierarchical dynamic Bayesian networks. Dynamic Bayesian networks are trained by the OVR(One-Versus-Rest) strategy. The inferring part of this network uses less calculation cost by selecting the activity with the higher percentage of the result of a simpler Bayesian network. For the experiment, we used an accelerometer and a physiological sensor recognizing eight kinds of activities, and as a result of the experiment we gain 97.4% of accuracy recognizing the user's activity.