• Title/Summary/Keyword: Loss Cost

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A Structural Modeling for Switching Costs and Site Retention in Apparel Shopping Website (의류쇼핑 웹사이트 전환비용과 사이트 유지의 구조모델)

  • Kim, Eun Young
    • Korean Journal of Human Ecology
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    • v.21 no.6
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    • pp.1173-1184
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    • 2012
  • This study estimates a structural model to examine the causal relationships among web browsing, switching cost, and site retention in the context of apparel shopping website. A total of 499 usable questionnaires were obtained from consumers aged from 20 to 49 years. For data analysis, exploratory factor analysis, confirmatory factor analysis and structural model were used. The result showed that consumer's perceived switching costs consisted of three factors: relationship cost, search cost and benefit loss cost. In estimated structural model, the relationship cost was influenced by leisure browsing; the search cost was influenced by informational browsing and leisure browsing; the benefit loss cost was influenced by leisure browsing. Especially, the leisure browsing was the most highly related to the benefit loss cost, and followed by relationship cost and search cost. However, hedonic browsing was not significantly related the factors of switching costs. The search costs significantly affected customer's intentions for site retention. A managerial implication was discussed for e-retailers in order to develop strategic switching costs in building long-term relationships with web browsers on the apparel shopping websites.

Congestion and Loss cost for economic subject using Optimal Power Flow (최적 조류 계산을 이용한 경제주체별 혼잡 및 손실비용 산정)

  • Seo, Chul-Soo;Yoon, Gi-Gab;Park, Sang-Ho;Choy, Young-Do;Lee, Jae-Gul;Son, Hyun-Il;Kim, Jin-O
    • Proceedings of the KIEE Conference
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    • 2011.07a
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    • pp.430-431
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    • 2011
  • Recently the power system consists of the more complicated structure, due to increase of power demands. In this circumstance, the congestion and loss capacity in transmission line is also increased. Accordingly, the investment planning of transmission system is required to reduce the congestion and loss of the transmission line. In study of the planning of domestic and international transmission expansion, the reliability of transmission planning and minimizing Investment cost is focused. However, the study has not been performed systematically in economic aspects. Typically, the congestion and loss costs have been individually calculated. It is not consider the mutual relationship between the congestion cost and the loss cost. This paper proposes a method to compute concurrently the congestion and loss costs. This purpose is to calculate the more exact value for economic assessment of the power system operation.

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Determination of the Resetting Time to the Process Mean Shift by the Loss Function (손실함수를 적용한 공정평균 이동에 대한 조정시기 결정)

  • Lee, Do-Kyung
    • Journal of Korean Society of Industrial and Systems Engineering
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    • v.40 no.1
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    • pp.165-172
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    • 2017
  • Machines are physically or chemically degenerated by continuous usage. One of the results of this degeneration is the process mean shift. Under the process mean shift, production cost, failure cost and quality loss function cost are increasing continuously. Therefore a periodic preventive resetting the process is necessary. We suppose that the wear level is observable. In this case, process mean shift problem has similar characteristics to the maintenance policy model. In the previous studies, process mean shift problem has been studied in several fields such as 'Tool wear limit', 'Canning Process' and 'Quality Loss Function' separately or partially integrated form. This paper proposes an integrated cost model which involves production cost by the material, failure cost by the nonconforming items, quality loss function cost by the deviation between the quality characteristics from the target value and resetting the process cost. We expand this process mean shift problem a little more by dealing the process variance as a function, not a constant value. We suggested a multiplier function model to the process variance according to the analysis result with practical data. We adopted two-side specification to our model. The initial process mean is generally set somewhat above the lower specification. The objective function is total integrated costs per unit wear and independent variables are wear limit and initial setting process mean. The optimum is derived from numerical analysis because the integral form of the objective function is not possible. A numerical example is presented.

Allocation of Transmission Loss for Determination of Locational Spot pricing

  • You, Chang-Seok;Min, Kyung-Il;Lee, Jong-Gi;Moon, Young-Hyun
    • Journal of Electrical Engineering and Technology
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    • v.2 no.2
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    • pp.194-200
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    • 2007
  • The deregulation problem has recently attracted attentions in a competitive electric power market, where the cost must be earmarked fairly and precisely for the customers and the Independent Power Producers (IPPs) as well. Transmission loss is an one of several important factors that determines power transmission cost. Because the cost caused by transmission losses is about $3{\sim}5%$, it is important to allocate transmission losses into each bus in a power system. This paper presents the new algorithm to allocate transmission losses based on an integration method using the loss sensitivity. It provides the buswise incremental transmission losses through the calculation of load ratios considering the transaction strategy of an overall system. The performance of the proposed algorithm is evaluated by the case studies carried out on the WSCC 9-bus and IEEE 14-bus systems.

The Study of Adjusting the Cost Matrix in Loss Function Approach for Multiresponse Optimization (다중 반응 변수 문제 해결을 위한 손실 함수 방법에서 비용 행렬의 보정에 관한 연구)

  • Lee Dae-Won;Kim So-Hui;Kim Gwang-Jae;Lee Jae-Uk
    • Proceedings of the Korean Operations and Management Science Society Conference
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    • 2004.10a
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    • pp.31-34
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    • 2004
  • For solving multiresponse problems, a variety of loss function approaches have been proposed assuming that a cost matrix is known and fixed. However a cost matrix is also an important factor in loss function approaches, because the optimal solution is very sensitive to the cost matrix. In this paper. we propose a novel method for adjusting the cost matrix by considering the predictive ability of the estimated response models. Simulation results for the generated data set show that the proposed method is competitive with previously reported methods.

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Determination of the Wear Limit to the Process Mean Shift Problem with Varying Product and Process Variance (생산량과 공정분산이 변하는 공정평균이동 문제의 마모한계 결정)

  • Lee, Do-Kyung
    • Journal of Korean Society of Industrial and Systems Engineering
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    • v.43 no.3
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    • pp.95-100
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    • 2020
  • Machines and facilities are physically or chemically degenerated by continuous usage. One of the results of this degeneration is the process mean shift. The representative type of the degeneration is wear of tool or machine. According to the increasing wear level, non-conforming products cost and quality loss cost are increasing simultaneously. Therefore a periodic preventive resetting the process is necessary. The total cost consists of three items: adjustment cost (or replacement cost), non-conforming cost due to product out of upper or lower limit specification, and quality loss cost due to difference from the process target value and the product characteristic value among the conforming products. In this case, the problem of determining the adjustment period or wear limit that minimizes the total cost is called the 'process mean shift' problem. It is assumed that both specifications are set and the wear level can be observed directly. In this study, we propose a new model integrating the quality loss cost, process variance, and production volume, which has been conducted in different fields in previous studies. In particular, for the change in production volume according to the increasing in wear level, we propose a generalized production quantity function g(w). This function can be applied to most processes and we fitted the g(w) to the model. The objective equation of this model is the total cost per unit wear, and the determining variables are the wear limit and initial process setting position that minimize the objective equation.

Analysis of Quality Loss Function(QLF) of Taguchi (다구찌(田口)의 품질손실함수에 대한 분석)

  • 이상복
    • Journal of Korean Society for Quality Management
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    • v.25 no.3
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    • pp.119-130
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    • 1997
  • In this paper, we analyze quality loss function(QLF) of Taguchi. Taguchi method of QLF gives more advanced measure process capability than classic capacity(i.e. Cp). We first discuss of QLF and Cp and give one good example of QLF. Because of simplicity of QLF, it is not good fit to a, pp.y in the real field. We suggest interval quantity-loss cost function and total loss cost(TLC) which modify QLF. Also we give one example which can be obtained in the real field.

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Estimation of the Cost of Hypertension Disease Loss in 2010-2017 Using Cohort at Diagnosis Age and Treatment Time (진단나이 및 치료시점 코호트를 활용한 2010~2017년 고혈압 질환 손실비 추계)

  • Noh, Yun-Gon;Lee, Sang-Ho;Choi, Kyungsik;Song, Tae Min
    • The Journal of the Korea Contents Association
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    • v.22 no.2
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    • pp.782-793
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    • 2022
  • The rise in chronic disease not only has a negative effect on people's lives, but it also increases the cost of medical care owing to the increased usage of medical care as health and medical technology improves, life expectancy rises, and rapid population ageing. In such context, this study examined the difference in the disease cost of hypertension according to demographic information and the effect of the initial diagnosis age and treatment period on the cost. This study used the Korean Health Panel Survey from 2010 to 2017, and selected subjects based on health insurance beneficiaries between the ages of 30 and under 80. With the selected data, the direct and indirect costs of disease loss were calculated according to the cost of illness approach, and we constructed a disease-loss ratio cohort considering the age of diagnosis and time of treatment for hypertension. From the results of the study, the annual cost of disease loss for hypertensive patients differed by gender by 110,107 won, and it was found that the cost increased by 1.8 times as the treatment time increased. In addition, when comparing disease loss ratios between the same age groups, it was found that the disease loss ratios between those in their 60s and 70s were affected by treatment time. This study confirmed that hypertension significantly affects the cost of the disease, and not only requires early diagnosis and management, but also preventive efforts to lower the incidence of hypertensive disease must be strengthened.

Development of Simulation Model to Assembly Tolerance Design (조립 공차 설계를 위한 시뮬레이션 모델 개발)

  • 장현수
    • Journal of the Korea Safety Management & Science
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    • v.3 no.3
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    • pp.221-230
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    • 2001
  • The assembly tolerance design methods have applied linear or nonlinear programming methods and used simulation method and search algorithms to optimize the tolerance allocation of each part in an assembly. However, those methods are only considered to the relationship between tolerance and manufacturing cost, which do not consider a quality loss cost for each part tolerance. In this paper, the integrated simulation model used genetic algorithm and the Monte-Carlo simulation method was developed for the allocation of the optimal tolerance considering the manufacturing cost and quality loss cost.

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Selection of target for the minimum expected loss in plating processes (도금공정에서 최소기대손실을 위한 목표치의 설정)

  • Park, Chang-soon;Kim, Jung-Jun
    • Journal of the Korean Data and Information Science Society
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    • v.21 no.6
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    • pp.1051-1060
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    • 2010
  • In the plating process of the IC chips for the printed circuit board manufacturing, specification limits for the plating thickness are usually given but its target is not specified in most cases. When the target is not specified, the center point of the specification limits is used instead. When the process capability is large, however, the use of the center point for the target is not the best choice in the context of the total cost. In this paper, the total cost is defined in terms of the production cost and the loss function, and then the optimal choice for target is studied in order to minimize the expected loss. As a consequence, the optimal choice of the target reduces the expected loss significantly, while reducing the process capability slightly.