• Title/Summary/Keyword: Dynamic Management

Search Result 2,715, Processing Time 0.035 seconds

Optimal Lot-sizing and Pricing with Markdown for a Newsvendor Problem

  • Chen, Jen-Ming;Chen, Yi-Shen;Chien, Mei-Chen
    • Industrial Engineering and Management Systems
    • /
    • v.7 no.3
    • /
    • pp.257-265
    • /
    • 2008
  • This paper deals with the joint decisions on pricing and ordering for a monopolistic retailer who sells perishable goods with a fixed lifetime or demand period. The newsvendor-typed problem is formulated as a two-period inventory system where the first period represents the inventory of fresh or new-arrival items and the second period represents the inventory of items that are older but still usable. Demand may be for either fresh items or for somewhat older items that exhibit physical decay or deterioration. The retailer is allowed to adjust the selling price of the deteriorated items in the second period, which stimulates demand and reduces excess season-end or stale inventory. This paper develops a stochastic dynamic programming model that solves the problem of preseason decisions on ordering-pricing and a within-season decision on markdown pricing. We also develop a fixed-price model as a benchmark against the dual-price dynamic model. To illustrate the effect of the dual-price policy on expected profit, we conduct a comparative study between the two models. Extension to a generalized multi-period model is also discussed.

ID-Based Group Key Management Protocols for Dynamic Peer Groups (피어 그룹을 위한 ID 기반의 그룹키 관리 프로토콜)

  • Park, Young-Ho;Lee, Kyung-Hyune
    • Journal of Korea Multimedia Society
    • /
    • v.7 no.7
    • /
    • pp.922-933
    • /
    • 2004
  • In recent years, peer-to-peer network have a greate deal of attention for distributed computing or collaborative application, and work of ID-based public key systems have been focusing on the area of cryptography. In this paper, we propose ID-based group key management protocols for secure communication in autonomous peer group. Each member obtains his public/private key pair derived from his identification string from Private Key Generator. No central server participates in group key management protocol instead, all group members share the burden of group key management by the collaboration of themselves, so that our scheme avoids the single point of failure problem. In addition, our scheme considers the nature of dynamic peer group such as frequent joining and leaving of a member.

  • PDF

A dynamic procedure for defection detection and prevention based on SOM and a Markov chain

  • Kim, Young-ae;Song, Hee-seok;Kim, Soung-hie
    • Proceedings of the KAIS Fall Conference
    • /
    • 2003.11a
    • /
    • pp.141-148
    • /
    • 2003
  • Customer retention is a common concern for many industries and a critical issue for the survival in today's greatly compressed marketplace. Current customer retention models only focus on detection of potential defectors based on the likelihood of defection by using demographic and customer profile information. In this paper, we propose a dynamic procedure for defection detection and prevention using past and current customer behavior by utilizing SOM and Markov chain. The basic idea originates from the observation that a customer has a tendency to change his behavior (i.e. trim-out his usage volumes) before his eventual withdrawal. This gradual pulling out process offers the company the opportunity to detect the defection signals. With this approach, we have two significant benefits compared with existing defection detection studies. First, our procedure can predict when the potential defectors could withdraw and this feature helps to give marketing managers ample lead-time for preparing defection prevention plans. The second benefit is that our approach can provide a procedure for not only defection detection but also defection prevention, which could suggest the desirable behavior state for the next period so as to lower the likelihood of defection. We applied our dynamic procedure for defection detection and prevention to the online gaming industry. Our suggested procedure could predict potential defectors without deterioration of prediction accuracy compared to that of the MLP neural network and DT.

  • PDF

Abbreviated ID Conflict Management Method for Efficient Data Forwarding on Dynamic IoT Networks (동적 사물인터넷에서 효율적인 데이터 전달을 위한 축약 ID의 충돌 관리 기법)

  • Son, Sanghyun;Jung, Yeonsu;Jeon, Yongsu;Lee, Seungjin;Baek, Yunju
    • Proceedings of the Korean Institute of Information and Commucation Sciences Conference
    • /
    • 2016.10a
    • /
    • pp.200-201
    • /
    • 2016
  • Recently, according to era of Internet of Things was opened, various mobile devices connected to the internet using wireless communication. Many IoT devices have limited communication performance. Thus, these devices efficiently forward data using an abbreviated ID method. However, movement of devices causes abbreviated ID confliction, and These conflict degraded network performance. Therefore it is important management of ID conflict. In this paper, we proposed an abbreviated ID conflict management method to improve the efficiency of communication in the dynamic IoT network.

  • PDF

Dynamic Progrmming Application in Determining the Optimal Replacement Time of Equipment (동적계획에 의한 장비최적교체시기 결정)

  • Jeong, Hyeon-Tae
    • Journal of Korean Society for Quality Management
    • /
    • v.14 no.1
    • /
    • pp.61-66
    • /
    • 1986
  • Many papers have suggested various models how to decide an optimal time for replacing equipment. In this study, Dynamic Programming is applied to establish a model of replacing equipment and a new algorithm is developed for computerization to meet the increased number of variables. It is possible to predict the real situation with higher accuracy by employing the proposed model including more variables such as planning horizon, original cost, salvage value, decreasing rate, operating and maintenance costs, increasing rate, and so on.

  • PDF

The evaluation for the operation surface mounters using a dynamic network (동적 네트워크를 이용한 표면실장기 운영 평가)

  • 이달상
    • Proceedings of the Korean Operations and Management Science Society Conference
    • /
    • 1996.04a
    • /
    • pp.570-573
    • /
    • 1996
  • The evaluation test for the operation of rotary type surface mounters which consist of the reel axis, the index table and the X-Y table, has been performed by comparing the new method with the old one in only fields. Because the problem seeking for the optimal operation of rotary type surface mounters, is NP complete, it is almost impossible to get the optimal solutions of large problems. This paper deals with a dynamic network modeling, which can reduce the effort, the cost, and the time used for the performance test of rotary type surface mounters.

  • PDF

Minimization of Cell-based Handoff Delays to Balance the Load in Fiber Optic Micro-cellular Systems (광마이크로셀 이동통신 시스템의 균등부하를 위한 셀단위 핸드오프 순서결정)

  • 이채영;장세헌
    • Journal of the Korean Operations Research and Management Science Society
    • /
    • v.26 no.2
    • /
    • pp.1-11
    • /
    • 2001
  • This paper considers the scheduling of cell-based handoffs to balance the traffic in a fiber-optic microcelluar system. In the system depending on the order of cell based handoff, periodical balancing of the traffic among microcells can be achieved. The cell based handoff problem is formulated as a dynamic programming and the computational complexity is analyzed. Since the scheduling problem requires real time solution, heuristic algorithms are proposed and the computational results are discussed.

  • PDF

A Multiobjective Dynamic Programming Model for Sequenetial Testing Strategy Selection (축차검사전략의 선정을 위한 다목적. 동적계획 모형)

  • 최병돈
    • Journal of the Korean Operations Research and Management Science Society
    • /
    • v.18 no.1
    • /
    • pp.55-69
    • /
    • 1993
  • The tests in a battery can be performed in different sequences, and different sequential testing strategies will have exactly the same overall performances for that battery, but at different expected total costs and expected time consumptions. By using a multiobjective dynamic programming model, we are able to find all noninferior testing strategies for a given battery of tests and a stopping rule.

  • PDF

Simulation Model Design and Analysis on Pprimary Health care System in Rural Community (벽지기초의료시스템의 시뮬레이션 모형설계와 분석)

  • 곽수일;박치관
    • Journal of the Korean Operations Research and Management Science Society
    • /
    • v.10 no.1
    • /
    • pp.54-64
    • /
    • 1985
  • This paper deals with analysis on complex and dynamic Primary Health Care (PHC) Systems in rural community to increase understanding of the nature of PHC feedback systems. Because Industrial Dynamics can be very useful for the analysis of such complex and dynamic systems. We used that as a basic tool of Modelling and simulation running. Even If PHC system-models require many assumptions, simulations based on these models can lead decision makers to a better way of problem solving.

  • PDF

A study on the 3-stage 3-dimensional guillotine cutting-stock problem (3차원 기로틴 3단계 자재절단 방법에 관한 연구)

  • 김상열;박순달
    • Proceedings of the Korean Operations and Management Science Society Conference
    • /
    • 1996.04a
    • /
    • pp.276-279
    • /
    • 1996
  • This paper deals with the method providing an exact solution to the 3-dimensional guillotine cutting stock problem. We suggest a 3-stage sutting method using the property that cubic material has to be cut into 2-dimensional planes firstly. This method requires more stocks that the general guillotine cutting methods but can save work force. By using the 1-dimensional dynamic programming, we reduce the computational time and the memory requirement in the 3-stage guillotine cutting method.

  • PDF