• Journal of Information Technology Applications and Management
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• 제21권4호
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• pp.97-125
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• 2014

This study investigates the relationship between stock index and its associated nearby futures markets based on the cost-of-carry model. The purpose of this study is to explore the existence of mispriced futures contracts, and to test whether traders can earn trading profits in real financial market using the information about the mispriced futures contracts. This study suggests the concordance correlation coefficient to investigate the existence of mispriced futures contracts. The concordance correlation coefficient gives a desirable result for trading profits that results from a comparative analysis among profits from trading at the time to indicate trading opportunities determined by the degree of the difference between the observed market price and the theoretical price of a futures contract. In addition, this study also explains that the concordance correlation coefficient developed from the mean square error (MSE) has a statistically theoretical meaning. In conclusion, this study shows that the concordance correlation coefficient is appropriate for analyzing the relationship between the observed stock index futures market price and the theoretical stock index futures price derived from the cost-of-carry model.

• 대한건축학회논문집:구조계
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• 제34권2호
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• pp.41-48
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• 2018

Carbonation is one of the major detrimental factors to the reinforced concrete structures owing to penetration of atmospheric CO2 through the micro pores, thereby it reduces the durability of the concrete. The maintenance periods and cost for concrete according to the coefficient variation of different finishing materials is documented in literature. However, it is required to carry out the systematic and well planned studies. Therefore, keeping them in mind, surface repair was carried out to the carbonated concrete and the maintenance cost was calculated to measure the durability life after repair with different variable. The deterministic and probabilistic methods were applied for durability and repair cost of the concrete. In the existing deterministic model, the cost of repair materials increases significantly when the concrete structure reaches its service life. In present study using a stochastic model, the maintenance period and cost was evaluated. According to obtained results, there was no significant difference in the number of maintenance of the coefficient variation. The initial durability has a great influence on the maintenance time and cost of the structure. Unlike the deterministic model, the probabilistic cost estimating model reduces the number of maintenance to the target service life expectancy.

• Management Science and Financial Engineering
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• 제11권3호
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• pp.1-17
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• 2005

Agent technology has been widely applied in today's electronic business, such as mobile agents, multi-agent information systems, etc. In particular, multi-agent systems have been applied as powerful simulation tools to study complex business networks composed of various self-interested trading firms and/or human beings. In this paper, we build an integrated model that consists of a multi-agent B2C market model and a B2B trade network model, and incorporate more reality than much of prior work. Then with this model, we carry out experimental studies on two different strategies that are common in electronic business - 'loyal' strategy (retailers try to build stable cooperation with suppiers to ensure material supply) and 'cost-saving' strategy (retailers try to reduce cost by choosing suppliers with lower wholesale price).

• 대한산업공학회지
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• 제20권2호
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• pp.3-17
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• 1994

This paper presents an EMQ model which determines an optimal manufacturing lot size in an unreliable machine. The machine has an exponentially distributed life time, and requires a constant time to repair when it fails. We 1) derive an average cost function, 2) obtain an optimal lot size and show that it is unique, 3) carry out sensitivity analysis to examine the effect of machine parameters (life time, time to repair) to optimal lot size.

• 품질경영학회지
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• 제42권1호
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• pp.1-14
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• 2014

Purpose: In this paper, the minimal repair-replacement warranty policy is used to carry out a warranty cost analysis with warranty servicing times and failure times that are statistically correlated to bivariate distributions. Methods: Based on the developed approach by Park and Pham (2012a), we investigate the property of the Freund's bivariate exponential distribution and obtain the number of warranty services using the field data to conduct the warranty cost analysis. Results: Maximum likelihood estimates are presented to estimate the parameters and the warranty model is investigated using a Freund's bivariate exponential distribution. A numerical example is discussed to deal with the applicability of the developed approach in the paper. Conclusion: A novel approach of analyzing the warranty cost is proposed for a product in which failure times and warranty servicing times are used simultaneously to investigate the eligibility of a warranty claim.

• International Journal of Internet, Broadcasting and Communication
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• 제12권1호
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• pp.116-121
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• 2020

With the recent development of the 4th Industrial Revolution, efforts have been made to carry out communication in a smart factory, farm, etc. at low cost and reliably. Methods for utilizing empty frequencies using TVWS(TV White Space) have been studied which can be used locally within 30 km. However, there have not been many studies on Path-Loss model considering Korean environment. In this paper, the Path-Loss model is divided into LOS (Line Of Sight) and NLOS (None LOS). In case of LOS model, we checked the difference between Free space model, Friis model, 2-ray model and Hata model with measured data. In the case of NLOS model, we checked the difference between Lee Model, ITU-R526-3 Model with measured data. In order to overcome the difference in Korean environment, we derived a model that can be applied in LOS and NLOS and prove its usefulness through performance evaluation through simulation.

• 한국정밀공학회:학술대회논문집
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• 한국정밀공학회 2005년도 춘계학술대회 논문집
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• pp.387-392
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• 2005

Double-deck train have studied in the next generation train in KRRI. Double-deck train have more seat capacities compared with single deck vehicles and is a efficient, reliable and comfortable alternative train. Because of heavy weight, weight minimization of double-deck train carbody is imperative to reduce cost and extend life-time of train. Weight minimization problem of the double-deck train car-body is required to decide 66 design variables of thicknesses for large aluminum extruded panel while satisfying stress constraints. Design variables are too many and one execution of structural analysis of double-deck train carbody is time-consuming. Therefore, we adopt approximation technique to save computational cost of optimization process. Metamodels such as response surface model (RSM) and kriging model are used to approximate model-based optimization is described. RSM is easy to obtain and expressed explicit function, but this is not suitable for highly nonlinear and large scaled problems. Kriging model employs an interpolation scheme and is developed in the fields of spatial statistics and geostatistics. Target of this design is to find optimum thickness of AEP to minimize weight of doulbe-deck train carbody. In this study, meta model techniques are introduced to carry out weight minimization of a double-deck train car-body.

• 수산경영론집
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• 제30권2호
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• pp.25-37
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• 1999

Some multi echelon inventory systems carry perishable products. The value of these product reduces as the period of time they spend in the system. In this paper We derive the necessary condition to determine optimal quantity, service level for a perishable product. The systems considered consist of two echelons and carry single item. To determine the optimal order quantity, the demand is assumed to be constant, the holding costs may be different in the echelons, and it allows no shortages. I assumed the price of product decreases by negative exponential function. To determine service level, following assumptions used in the model ㆍlead time is constant. ㆍdemand is normal distribution. ㆍthe product starts to perish at the second echelon. Service level is computed for different levels of lead times and for different variance of demands and for different price functions. The experimental results indicate that the service level in cost is a function of service level in demand and perishability of product. Results of the models exhibit that perishability and the age of the product are critical to determine the lot sizing and service level.

• Industrial Engineering and Management Systems
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• 제10권1호
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• pp.74-83
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• 2011

In this paper, we consider a new lot-sizing and scheduling problem (LSSP) that minimizes the sum of production cost, setup cost and inventory cost. Setup carry-over, setup overlapping, state dependent setup time as well as demand splitting are considered. For this LSSP, we develop a mixed integer programming (MIP) model, of which the size does not increase even if we divide a time period into a number of micro time periods. Also, we develop an efficient heuristic algorithm by combining a decomposition scheme with a local search procedure. Test results show that the developed heuristic algorithm finds a good quality (in practice, even better) feasible solution using far less computation time compared with the CPLEX, a competitive MIP solver.

• 한국농공학회논문집
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• 제50권4호
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• pp.99-109
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• 2008

As the price of traditional fossil fuels continue to increase, more people attach importance to the pollution of the environment caused by fossil fuel's burning, developing and using renewable energy resources has become a very important project all over the world. Also, the rural energy planning which is another method to improve energy utilization ratio and reduce environment pollution, is also regarded as a very effective way to reduce the energy consumption. There is a quantity of renewable energy resources and natural tribes in rural area, which is both feasible to develop the renewable energy and the regional energy planning. To carry out this, it is needs to know the area's quantity of renewable energy resources and the total energy consumption. This paper is to find out the relationship between rural energy consumption and rural conditions, and to found a energy consumption model which can conjecture the energy consumption in rural family. and the cost of rural family's energy consumption was founded to conjecture how much money dose it cost in rural family's energy consumption. The energy consumption model was concluded using the surveys of 76 families in 14 villages at the area of Chungcheongbuk-Do(province). The main factors to energy consumption was selected out which were number of family members, acreage of house, acreage of farmland and family's annual income.