• Communications for Statistical Applications and Methods
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• 제15권1호
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• pp.117-124
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• 2008

The liquidity risk is defined as an additional risk in the market due to the timing and size of a trade. A recent work by Cetin et ai. (2003) proposes a rigorous mathematical model incorporating this liquidity risk into the arbitrage pricing theory. A practical problem arising in a real market application is an estimation problem of a liquidity cost. In this paper, we propose to estimate the liquidity cost function in the context of Cetin et al. (2003) using the constrained least square (LS) method, and illustrate it by analyzing the Kellogg company data.

• 산업경영시스템학회지
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• 제6권9호
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• pp.7-18
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• 1983

In this paper, I have approached the problem of scheduling that can be reasonably cost down and duration down in the tenement house by using PERT/CPM technics. The tenement house of 'M' construction company consistute 78 element workings in total. I made out the net-work scheduling through 78 element workings, after calculating by computer, G-COS 101, I reduced the duration and cost by MCX, and then enforced from the least cost slope to six times. Resulty, I attained PERT/CPM scheduling for construction scheduling ; a) Make Possible the effectiveness budgeting control b) How the scientific materials c) Make possible the reasonably decision making d) Strengthen the material control by relevance of element workings e) Make possible the duration down through the least cost.

• 산업경영시스템학회지
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• 제38권1호
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• pp.21-29
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• 2015

A steady-state controllable M/G/1 queueing model operating under the {T:Min(T,N)} policy is considered where the {T:Min(T,N)} policy is defined as the next busy period will be initiated either after T time units elapsed from the end of the previous busy period if at least one customer arrives at the system during that time period, or after T time units elapsed without a customer' arrival, the time instant when Nth customer arrives at the system or T time units elapsed with at least one customer arrives at the system whichever comes first. After deriving the necessary system characteristics including the expected number of customers in the system, the expected length of busy period and so on, the total expected cost function per unit time for the system operation is constructed to determine the optimal operating policy. To do so, the cost elements associated with such system characteristics including the customers' waiting cost in the system and the server's removal and activating cost are defined. Then, procedures to determine the optimal values of the decision variables included in the operating policy are provided based on minimizing the total expected cost function per unit time to operate the queueing system under considerations.

• Journal of Ecology and Environment
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• 제35권2호
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• pp.141-147
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• 2012

The rapid urbanization in developing countries is accelerating both the depletion and fragmentation of urban green space, despite the known positive effects of green spaces on the environmental conditions in cities and the quality of life of residents. Consequently, there is a need for practical tools that can support the development of networks of urban green spaces. This article presents a study that used a GIS-based least cost path (LCP) analysis to identify the best alternative for developing an urban green space network in the coastal city of Jakarta, Indonesia, which was based on the evaluation of topography and land use characteristics. Pair-wise analysis was used to reduce the sensitivity in the LCP model. The results showed that the coastal wetlands in the northern part of Jakarta and the agricultural fields in the suburban areas of Jakarta play an important role in connecting the green space network. On the other hand, some green spaces in the central part of Jakarta could not be connected by the LCP model. The method used in this study can serve as a tool to support the identification of networks of potential urban green spaces. It can also provide useful information for sustainable urban landscape planning and management in urban ecosystems. However, the inclusion of socio-economic criteria would further improve the model.

• 전자공학회논문지B
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• 제32B권10호
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• pp.1338-1346
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• 1995

In this paper, we suggest the implementation of a DGPS system using two low cost commercial C/A code GPS modules and modems and its efficient operational techniques to provide DGPS service which guarantees the position accuracy of better than 10 meters for more users. The proposed DGPS system can be implemented easil at low cost because it needs a GPS module and a modem for each reference station and user. The reference station makes plans of the receiving schedule from the satellite set at each period and then provides the correction data for various satellite sets in a period. The main contribution of this paper is that users can utilize the correction data continuously and efficiently through the recursive least squares lattice filtering method. Experimental results show the position accuracy of better than 10 meters using the suggested DGPS system in almost real time.

• Journal of Information Processing Systems
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• 제13권1호
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• pp.104-113
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• 2017

In this paper, we present an approach to transmit data from the source to the destination through a minimal path (least-cost path) in a computer network of n nodes. The motivation behind our approach is to address the problem of finding a minimal path between the source and destination. From the work we have studied, we found that a Steiner tree with bounded Steiner vertices offers a good solution. A novel algorithm to construct a Steiner tree with vertices and bounded Steiner vertices is proposed in this paper. The algorithm finds a path from each source to each destination at a minimum cost and minimum number of Steiner vertices. We propose both the sequential and parallel versions. We also conducted a comparative study of sequential and parallel versions based on time complexity, which proved that parallel implementation is more efficient than sequential.

• 상하수도학회지
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• 제12권4호
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• pp.33-42
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• 1998

The optimum design and preliminary cost estimations of air stripping towers ASTs with granular activated carbon adsorption (GAC) systems as the off-gas treatment were done and compared to liquid-phase GAC system. The optimum design and preliminary cost estimations were done for either single or multicomponent systems. A computer program was developed for this study. 15 single compounds and their multicomponent systems were studies. Even with off-gas treatment, AST was generally a less expensive process for treatment of volatile organics than liquid-phase GAC system. Treatment costs of small systems were sensitive to system capacity. Accumulative effect of treatment costs was found in multicomponent systems. The cost of a multicomponent system was highly dependent on the least strippable component in ASTs even with gas-phase GAC or the least adsorbable component in liquid-phase GAC system.

• Journal of the Korean Statistical Society
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• 제11권1호
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• pp.25-35
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• 1982

A problem of selecting the least probable cell in a multinomial distribution is studied in a Bayesian framework. We consider two loss components the cost of sampling and the difference in cell probabilities between the selected and the least probable cells. A Bayes sequential selection rule is derived with respect to a Dirichlet prior, and it is compared with the best fixed sample size selection rule. The continuation sets with respect to the vague prior are tabulated for certain cases.

• Asian Pacific Journal of Cancer Prevention
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• 제16권16호
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• pp.6857-6862
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• 2015

Background: To identify the optimal cost effective strategy for the management of women having ASC-US who attended at King Chulalongkorn Memorial Hospital (KMCH). Design: An Economical Analysis based on a retrospective study. Subject: The women who were referred to the gynecological department due to screening result of ASC-US at King Chulalongkorn Memorial Hospital, a general and tertiary referral center in Bangkok Thailand, from Jan 2008 - Dec 2012. Materials and Methods: A decision tree-based was constructed to evaluate the cost effectiveness of three follow up strategies in the management of ASC-US results: repeat cytology, triage with HPV testing and immediate colposcopy. Each ASC-US woman made the decision of each strategy after receiving all details about this algorithm, advantages and disadvantages of each strategy from a doctor. The model compared the incremental costs per case of high-grade cervical intraepithelial neoplasia (CIN2+) detected as measured by incremental cost-effectiveness ratio (ICER). Results: From the provider's perspective, immediate colposcopy is the least costly strategy and also the most effective option among the three follow up strategies. Compared with HPV triage, repeat cytology triage is less costly than HPV triage, whereas the latter provides a more effective option at an incremental cost-effectiveness ratio (ICER) of 56,048 Baht per additional case of CIN 2+ detected. From the patient's perspective, the least costly and least effective is repeat cytology triage. Repeat colposcopy has an incremental cost-effectiveness (ICER) of 2,500 Baht per additional case of CIN2+ detected when compared to colposcopy. From the sensitivity analysis, immediate colposcopy triage is no longer cost effective when the cost exceeds 2,250 Baht or the cost of cytology is less than 50 Baht (1USD = 31.58 THB). Conclusions: In women with ASC-US cytology, colposcopy is more cost-effective than repeat cytology or triage with HPV testing for both provider and patient perspectives.

• Korean Journal of Hydrosciences
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• 제6권
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• pp.107-118
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• 1995

The water distribution system problem consists of finding a minimum cost system design subject to hydraulic and operation constraints. The design of new branchin network in a paddy irrigation system is presented here. The program based on the linear programming formulation is aimed at finding the optimal economical combination of two main factors : the capital cost of pipe network and the energy cost. Two loading conditions and booster pumps for design of pipe network are considered to obtain the least cost design.