• Title/Summary/Keyword: Multi-objective Decision Making

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An Exploratory Study on the New Product Demand Curve Estimation Using Online Auction Data

  • Shim Seon-Young;Lee Byung-Tae
    • Management Science and Financial Engineering
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    • v.11 no.3
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    • pp.125-136
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    • 2005
  • As the importance of time-based competition is increasing, information systems for supporting the immediate decision making is strongly required. Especially high -tech product firms are under extreme pressure of rapid response to the demand side due to relatively short life cycle of the product. Therefore, the objective of our research is proposing a framework of estimating demand curve based on e-auction data, which is extremely easy to access and well reflect the limited demand curve in that channel. Firstly, we identify the advantages of using e-auction data for full demand curve estimation and then verify it using Agent-Eased-Modeling and Tobin's censored regression model.

-A Study on Development of CRM Evaluation Model Using AHP- (계층과정 분석을 이용한 CRM 평가 모델 개발에 관한 연구)

  • 양광모;강경식
    • Journal of the Korea Safety Management & Science
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    • v.5 no.2
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    • pp.99-109
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    • 2003
  • This study tries to grasp common problems which most companies utilizing CRM are facing and present solutions to such problems in utilizing CRM. For these purposes, we try to determine the most important and most urgent factors in CRM utilization by using AHP, one of the Multi-criteria decision-making methods proposed by Satty. AHP is widely used for determining relative magnitude per evaluation item, i. e. priority on problems and is expected to make more systematic and objective evaluations than conventional methods do. Even in the present situation where any general criterion on CRM dose not exist, utilization of CRM is expected to be actively continued, which will cause many problems. In this regard, evaluating CRM counts. This study also tries to present a model applicable to such CRM evaluations

Strategic Electricity Resource Planning using EGEAS Model (EGEAS 모형을 활용한 전략적 전원개발 계획)

  • Kwon, Y.H.;Kim, C.S.
    • Proceedings of the KIEE Conference
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    • 1993.07a
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    • pp.144-147
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    • 1993
  • The long-term electricity resource planning of electric utility has undergone significant change during the past decade. The current resource planning can be considered as multi-objective decision making procedure under the various uncertainties such as demand growth, construction cost, fuel price, environmental regulation, plant site, financial adequacy, new technology advent and so on. This paper presents a standardized electricity resource planning scheme using the strategic planning concept. EGEAS computer model was fully applied to indentify feasible alternative plans and simulate various attribute values corresponding each alternative plan and future. As a case study, a hypothetical long-ten capacity expansion planning problem is analyzed.

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Approach to food taste with meta food physics (식품의 맛에 대한 초식품물리학적 해석)

  • Chun, Jae Kun
    • Food Science and Industry
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    • v.51 no.1
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    • pp.61-71
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    • 2018
  • The evaluation of food taste is one of the important activities of human consciousness and it is practiced by sensory analysis using 5 terminal sensorial consciousness among many other functions. These consciousness activities may be conducted by 3 way branching transformation (3-WBT) logic, which choose one out of 3 options under the multi-layered consciousness decision making system. On the basis of this logic, cognitive sensory evaluation (CSE) method was developed to carry out questionnaire survey covering objective and subjective issues during consumption of food for pregnant women. The results of the CSE for several food items was presented with the Table-pattern called CSET covering consciousness factors and their effects on the food consumers.

A Study on Policy Stream Model Using the Multi-cultural Family Support Law (다문화가족지원법을 적용한 정책흐름모형의 연구)

  • Bae, Seon-sik;Jeong, Jin-Gyeong
    • The Journal of Korea Institute of Information, Electronics, and Communication Technology
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    • v.9 no.2
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    • pp.213-222
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    • 2016
  • The policy agenda setting is the symbolic policy of representing the public at home and abroad in addition to what a role of the government and the ruling party made a great contribution out of a political stream, rather than the policy that was formed by external group. Especially, a policy for migrant workers and married immigrant women is the important policy that will need to be solved in the global era. Accordingly, the purpose of this study is to confirm a factor, which had a decisive influence upon a policy, by examining the decision-making process of 'policy for the married immigrant women' with which the government pushes ahead. A specific plan for achieving this research objective is as follows. It progresses a theoretical discussion about the multi-cultural policy in south Korea and discusses the process that the multi-cultural policy is formed. The advancing stage includes the process of forming a multi-cultural discourse, the differentiation process that a multi-cultural discourse is diversely formed, and the process of being made a policy of multi-cultural discourse, which had been formed by section.

Fuzzy Rule-Based Method for Air Threat Evaluation (적기의 위협 평가 자동화를 위한 퍼지 규칙 방법론)

  • Choi, Byeong Ju;Kim, Ji Eun;Kim, Jin Soo;Kim, Chang Ouk
    • Journal of the Korea Institute of Military Science and Technology
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    • v.19 no.1
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    • pp.57-65
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    • 2016
  • Threat evaluation is a process to estimate the threat score which enemy aerial threat poses to defended assets. The objective of threat evaluation is concerned with making an engagement priority list for optimal weapon allocation. Traditionally, the threat evaluation of massive air threats has been carried out by air defence experts, but the human decision making is less effective in real aerial attack situations with massive enemy fighters. Therefore, automation to enhance the speed and efficiency of the human operation is required. The automatic threat evaluation by air defense experts who will perform multi-variable judgment needs formal models to accurately quantify their linguistic evaluation of threat level. In this paper we propose a threat evaluation model by using a fuzzy rule-based inference method. Fuzzy inference is an appropriate method for quantifying threat level and integrating various threat attribute information. The performance of the model has been tested with a simulation that reflected real air threat situation and it has been verified that the proposed model was better than two conventional threat evaluation models.

Muti-Objective Design Optimization of Self-Compacting Concrete using CCD Experimental Design and Weighted Multiple Objectives Considering Cost-Effectiveness (비용효율을 고려한 자기 충전형 콘크리트의 CCD 실험설계법 및 가중 다목적성 기반 다목적설계최적화(MODO))

  • Do, Jeongyun
    • Journal of the Korea institute for structural maintenance and inspection
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    • v.24 no.3
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    • pp.26-38
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    • 2020
  • Mixture design of self-compacting concrete is a typical multi-criteria decision making problem and conventional mixture designs are based on the low level engineering method like trials and errors through iteration method to satisfy the various requirements. This study concerns with performing the straightforward multiobjective design optimization of economic SCC mixture considering relative importances of the various requirements and cost-effectives of SCC. Total five requirements of 28day compressive strength, filling ability, segregation stability, material cost and mass were taken into consideration to prepare the objective function to be formulated in form of the weighted-multiobjective mixture design optimization problem. Economic SCC mixture computational design can be given in a rational way which considering material costs and the relative importances of the requiremets and from the result of this study it is expected that the development of SCC mixtue computational design and the consequent univeral concrete material design optimization methodology can be advanced.

Multi-currencies portfolio strategy using principal component analysis and logistic regression (주성분 분석과 로지스틱 회귀분석을 이용한 다국 통화포트폴리오 전략)

  • Shim, Kyung-Sik;Ahn, Jae-Joon;Oh, Kyong-Joo
    • Journal of the Korean Data and Information Science Society
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    • v.23 no.1
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    • pp.151-159
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    • 2012
  • This paper proposes to develop multi-currencies portfolio strategy using principal component analysis (PCA) and logistic regression (LR) in foreign exchange market. While there is a great deal of literature about the analysis of exchange market, there is relatively little work on developing trading strategies in foreign exchange markets. There are two objectives in this paper. The first objective is to suggest portfolio allocation method by applying PCA. The other objective is to determine market timing which is the strategy of making buy or sell decision using LR. The results of this study show that proposed model is useful trading strategy in foreign exchange market and can be desirable solution which gives lots of investors an important investment information.

A Basic Study on Estimation Model Development by Applying Probabilistic Forecasting Method for Determining Optimal Price of Residential Officetel (확률론적 추정 기법을 적용한 주거형 오피스텔의 최적 분양가 산정 모델 개발 기초연구)

  • Jang, Jun-Ho;Kim, Tae-Hui;Ha, Sung-Eun;Son, Ki-Young
    • Proceedings of the Korean Institute of Building Construction Conference
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    • 2017.11a
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    • pp.191-192
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    • 2017
  • In response to the economic depression, the demand for fixed rent income has increased according to the easing construction regulations. it caused indiscriminated investment to stakeholders. This leads to oversupply in the multi-family Housing market and increases unsold housing and vacancy rates except specific area such as Gangnam-gu.In order to solve this issue, although studies on the optimization price of apartment houses has been conducted, the study is insufficient regarding on residential officetel. Therefore, the objective is to suggest a basic study on optimal price estimation model development by using probabilistic forecasting method in planning phase. To achieve the objective, first, variables are defined such as expenses, financial costs, income, etc. Second, causal loop diagram is suggested. Third, basic optimization prices estimation model is developed. In the future, this study can be used as one of decision making tools in planning phase of officetel development projects.

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Who Should Control the Integrated Management System for Sewerage Facilities in the Upper Reaches of Multi-Purpose Dams in Korea?

  • Park, Kyoo-Hong;Kim, Hyung-Joon
    • Environmental Engineering Research
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    • v.15 no.2
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    • pp.99-103
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    • 2010
  • Integrated management systems (IMS) that control entire sewerage facilities in the upper reaches of multi-purpose dams are being constructed for their efficient operation and management. However, because the IMS installed in a watershed belong to several local government bodies, significant conflict would be expected between stakeholders in the process of deciding who should control the IMS after completion of the construction that was initially implemented under the support of central government. The objective of this study was to suggest a decision making to determine who should control the IMS for sewerage facilities in the upper reaches of multipurpose dams in Korea, using the analytic hierarchy process (AHP). Three alternatives were selected to determine who should control the IMS for sewerage facilities: commissioning to public corporations, commissioning to private corporations, and a role-sharing partnership. In using the AHP technique, the emphasis was on comparing public interests, economics, efficiency, sustainability, specialty, grievance mediation and receptiveness. As a result, building a role-sharing partnership received the highest score. Commissioning to a special institute was also suggested as an alternative as this showed a score similar to that of building a role-sharing partnership.