• Title/Summary/Keyword: Expected Cost

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Cost Ratios for Cost and ROC Curves (비용곡선과 ROC곡선에서의 비용비율)

  • Hong, Chong-Sun;Yoo, Hyun-Sang
    • Communications for Statistical Applications and Methods
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    • v.17 no.6
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    • pp.755-765
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    • 2010
  • For classification problems on mixture distribution, a threshold based on cost functions is optimal from the viewpoint of a minimum expected cost. Assuming that there is no cost information, we propose cost ratios in the expected cost corresponding to thresholds where the total accuracy and the true rate are maximized to explain the relation of these cost ratios minimizing the expected cost. Other cost ratios are also proposed by comparing the normalized expected costs when classification accuracy is maximized. The values of these cost ratios are located between two cost ratios for the expected costs based on classification accuracies, and converge to that of the minimum expected cost. This work suggests two cost ratios: one is minimized by the expected cost and the normalized expected cost, and the other in the expected cost and the normalized expected cost functions that are maximized classification accuracies. We discuss their compatibility based on the relation of these cost ratios.

Determination of Safety Stock in a Multi-Echelon Inventory System (다단계 재고 시스템의 안전재고의 결정)

  • ;;Kim, J. J.;Shim, J. H.
    • Journal of the Korean Operations Research and Management Science Society
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    • v.15 no.1
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    • pp.63-72
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    • 1990
  • This problem in this paper concerns the determination of safety stock for multi-echelon invenetory system. In this model the criterion is to minimize system safety stock subject to a service level constraint and expected annual total cost. Then, safety stock is determined by minimizing expected annual total cost and satisfying given service level. This expected annual total cost is obtained by expected total inventory holding cost plus the expected total stockout cost. Numerical example is given in a three-echelon inventory system. The results obtained by the use of the Hill Algorithm.

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Minimum Expected Cost based Design of Vertical Drain Systems (최소기대비용에 의한 연직배수시설의 설계)

  • Kim, Seong-Pil;Son, Young-Hwan;Chang, Pyung-Wook
    • Journal of The Korean Society of Agricultural Engineers
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    • v.49 no.6
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    • pp.93-101
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    • 2007
  • In general, geotechnical properties have many uncertain aspects, thus probabilistic analysis have been used to consider these aspects. It is, however, quite difficult to select an appropriate target probability for a certain structure or construction process. In this study, minimum expected cost design method based on probabilistic analysis is suggested for design of vertical drains generally used to accelerate consolidation in soft clayey soils. A sensitivity analysis is performed to select the most important uncertain parameters for the design of vertical drains. Monte Carlo simulation is used in sensitivity analysis and probabilistic analysis. Total expected cost, defined as the sum of initial cost and expected additive cost, varies widely with variation of input parameters used in design of vertical drain systems. And probability of failure to get the minimum total expected cost varies under the different design conditions. A minimum value of total expected cost is suggested as a design value in this study. The proposed design concept is applicable to unit construction process because this approach is to consider the uncertainties using probabilistic analysis and uncertainties of geotechnical properties.

Preventive maintenance policy following the expiration of replacement-repair warranty (교체-수리보증이 종료된 이후의 예방보전정책)

  • Jung, Ki-Mun
    • Journal of Applied Reliability
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    • v.12 no.2
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    • pp.57-66
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    • 2012
  • In this paper, we consider the periodic preventive maintenance model for a repairable system following the expiration of replacement-repair warranty. Under this preventive maintenance model, we derive the expressions for the expected cycle length, the expected total cost and the expected cost rate per unit time. Also, we determine the optimal preventive maintenance period and the optimal preventive maintenance number by minimizing the expected cost rate per unit time. Finally, the optimal periodic preventive maintenance policy is given for Weibull distribution case.

Optimal replacement strategy under repair warranty with age-dependent minimal repair cost

  • Jung, K.M.
    • International Journal of Reliability and Applications
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    • v.12 no.2
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    • pp.117-122
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    • 2011
  • In this paper, we suggest the optimal replacement policy following the expiration of repair warranty when the cost of minimal repair depends on the age of system. To do so, we first explain the replacement model under repair warranty. And then the optimal replacement policy following the expiration of repair warranty is discussed from the user's point of view. The criterion used to determine the optimality of the replacement model is the expected cost rate per unit time, which is obtained from the expected cycle length and the expected total cost for our replacement model. The numerical examples are given for illustrative purpose.

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A Study on Clothing Expected Benefits and Make-up Expected Benefits by Narcissism of Female College Students (여대생의 자기애에 따른 의복추구혜택과 화장추구혜택에 관한 연구)

  • Lee, Ju-Young;Kim, Young-Sook
    • Journal of the Korea Fashion and Costume Design Association
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    • v.17 no.3
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    • pp.169-182
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    • 2015
  • The purpose of this study was to analyze narcissism, clothing expected benefits, and make-up expected benefits of female college students and investigate the relationships of them. To achieve the purposes, a questionnaire was conducted to 322 from September 21 to October 30, 2014. The final data was analyzed with spss 18.0 program. The results were follows. First, It was found that narcissism were classified 4 factors of success-oriented narcissism, others-defensive narcissism, recognition-oriented narcissism, appearance-fascinated narcissism. Second, It was found that clothing expected benefits were classified 6 factors and make-up expected benefits were classified 4 factors. Third, there were significant differences of narcissism by major, clothing purchase cost and cosmetic purchase cost. Forth, there were significant differences of clothing expected benefits and make-up expected benefits by major, clothing purchase cost and cosmetic purchase cost. Fifth, there were significant relations of narcissism, clothing expected benefits, and make-up expected benefits of female college students. Thus, it was found that narcissism were related to clothing expected benefits and make-up expected benefits.

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Cost analysis of RRNRW from the manufacturer's perspective (재생교체-비재생수리보증에 대한 생산자 측면의 비용분석)

  • Jung, Ki Mun
    • Journal of Applied Reliability
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    • v.12 no.4
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    • pp.255-263
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    • 2012
  • This paper considers the cost analysis from the manufacturer's point of view for renewing replacement and non-renewing repair warranty(RRNRW) of a repairable system. To do so, we consider the renewing replacement and non-renewing repair warranty, which is proposed by Jung(2011). To analysis the expected warranty cost from the manufacturer's perspective for renewing replacement and non-renewing warranty, we obtain the expected total warranty cost and the expected warranty length which are very important information for the manufacturer. Finally, the numerical examples are presented for illustrative purpose.

Replacement Model Based on Cost and Downtime

  • Jung, Ki-Mun;Han, Sung-Sil;Lim, Jae-Hak
    • Journal of the Korean Data and Information Science Society
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    • v.14 no.4
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    • pp.889-901
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    • 2003
  • In this paper, we consider the optimal replacement policies following the expiration of the combination warranty. The combination warranty can be divided into the renewing combination warranty and the non-renewing combination warranty. The criterion used to determine the optimal replacement period is the overall value function based on the expected cost and the expected downtime. Thus, we obtain the expected cost rate per unit time and the expected downtime per unit time for our model. And then the overall value function suggested by Jiagn and Ji(2002) is applied to obtain the optimal replacement period. The numerical examples are presented for illustrative purpose.

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A Bayesian Approach to Replacement Policy Based on Cost and Downtime

  • Jung, Ki-Mun;Han, Sung-Sil
    • Journal of the Korean Data and Information Science Society
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    • v.17 no.3
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    • pp.743-752
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    • 2006
  • This paper considers a Bayesian approach to replacement policy model with minimal repair. We use the criterion based on the expected cost and the expected downtime to determine the optimal replacement period. To do so, we obtain the expected cost rate per unit time and the expected downtime per unit time, respectively. When the failure time is Weibull distribution with uncertain parameters, a Bayesian approach is established to formally express and update the uncertain parameters for determining an optimal maintenance policy. Especially, the overall value function suggested by Jiagn and Ji(2002) is applied to obtain the optimal replacement period. The numerical examples are presented for illustrative purpose.

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Cost Analysis Model with Minimal Repair of New Unit Repair Policy under Periodic Maintenance Policy (정기보전 제도에서 응급수리를 고려한 신제품 수리정책에서의 비용분석 모델)

  • Kim, Jae-Joong
    • Journal of Applied Reliability
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    • v.6 no.3
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    • pp.195-203
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    • 2006
  • This paper deals with cost analysis model in periodic maintenance policy. The repair policy with minimal repair is considered as follow : as the occurrence of failure between minimal repair and periodic interval time, unit is replaced by a new unit before the periodic maintenance time comes. Then total expected cost per unit time is calculated according to time delta t in a view of customer's. The total expected costs are included repair and usage cost : operating, fixed, minimal repair, periodic maintenance and new unit expected cost. Numerical example is shown in which failure time of item has Normal distribution.

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