• Title/Summary/Keyword: Opportunity Cost

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Towards Future Mobile Network: Harnessing the Transformative Nature of NFV and SDN

  • Lee, D.K.;Park, Jong-Han;Park, Jin-Hyo
    • Information and Communications Magazine
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    • v.31 no.6
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    • pp.3-11
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    • 2014
  • Mobile operators today face yet another critical challenge as technology lifecycle becomes increasingly short and also as heterogeneous and complex network becomes exceedingly expensive and difficult to manage. With extremely competitive market and demanding users, the overall revenue structure is expected to get worse. A network architecture based on software-defined networking (SDN) and virtualization techniques gives operators greater opportunity to build cost-effective and efficient alternative to the legacy. In this work we review our Carrier Cloud as a future mobile network infrastructure that exploits both SDN and NFV in order to increase the operator agility, reduce the cost, and even disrupt the vendor landscape. This new architecture will not be fully adopted by the conservative operators at once. Technological hurdles have to be overcome, and a clear understanding of operational differences must be preceded.

A Study on Reliability Analysis & Determination of Replacement Cycle of the Railway Vehicle Contactor (철도차량 접촉기의 신뢰성 분석 및 교환주기 결정에 대한 연구)

  • Park, Minheung;Rhee, Sehun
    • Journal of Applied Reliability
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    • v.17 no.4
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    • pp.316-324
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    • 2017
  • Purpose: The purpose of this study is to determine the replacement cycle applied age replacement policy by reliability analysis based on railway vehicle contactor's failure history data. Method: We performed reliability analysis based on railway vehicle contactor's failure history data. We found a suitable distribution by goodness of fit test and predicted the reliability through estimation of scale & shape parameter. Considering cost information we determined the replacement cycle that minimize the opportunity cost. Result: Suitable distribution was the Weibull and scale parameter & shape parameter are estimated by reliability analysis. The replacement cycle was predicted and MTTF, $B_6$ percentile life were suggested additionally. Conclusion: We confirmed that failure rate type of railway vehicle contactor is degradation model having a time dependent characteristic and examined the replacement cycle in our country's operating environment. We expect that this study result contribute to railway operation agency for maintenance policy decision.

Inventory Management in Distribution Channels

  • Bae, Kyung Mi;Kim, Youn Sung
    • Asia-pacific Journal of Multimedia Services Convergent with Art, Humanities, and Sociology
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    • v.5 no.4
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    • pp.683-691
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    • 2015
  • The purpose of this paper is to determine the actual strategies used in Inventory Management in the field of Distribution phenomenon. In the first part of the research, theoretical backgrounds will be reviewed in order to provide better understanding the importance of Inventory Management in Distribution Management. The qualitative data were gathered by face to face interviews and a phone interview from four selected intermediaries. The study finds intermediaries practicing JIT in the sales and distribution and maximizing the sales activities and minimizing the inventory cost by giving up on an opportunity cost.

The Effect of CEO's Network Activity on Business Performance through Corporate Competency (최고경영자 기업인 네트워크 활동이 기업역량을 매개로 경영성과에 미치는 영향)

  • Choi, Ae-Hee;Park, Jin-Ah;Kim, Yoon-Ho;Lee, Jae-Won
    • The Journal of the Korea Contents Association
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    • v.18 no.2
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    • pp.188-199
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    • 2018
  • The purpose of this study is to grasp the type of network activity and corporate competency based on network theory and to compare and analyze the relationship between these characteristics and business performance. The results showed that the frequency, importance, and reliability of CEO's had a positive (+) effect on business performance, and the mediating effect of corporate competency (industrial information competency, opportunity capture competency, strategic flexibility, and transaction cost reduction) appeared. This study tried to measure business performance by including corporate competency as a direct performance variable of CEO's network activity and found that it is desirable to focus on interacting with the most important network sources and to make efforts to strengthen the qualitative characteristics of network activities rather than expanding the scope of the network in order to improve the performance of CEO's Network Activity.

Sensitivity Analysis of Burn-in Model considering Bimodal-Mixed Weibull Distribution under Free Warranty Policy (무료보증정책하에서 이봉-혼합 와이블 분포를 고려한 Burn-in 모형의 민감도 분석)

  • Song Suh-Ill;Jo Young-Chan;Park Hyun-Kyu;Shon Han-Deak
    • Proceedings of the Korean Society for Quality Management Conference
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    • 1998.11a
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    • pp.544-555
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    • 1998
  • Although the bimodal mixed weibull distribution is used to developing burn-in model widely, the failure times for a component or a system is often truncated at some time, T, due to the obsolescence in the electronics industry. In this paper, we will determine minimum total cost and burn-in time by using the bimodal mixed weibull distribution and the truncated bimodal mixed weibull distribution under the free warranty policy. The results of this study are summarized as follows. First, when products or system is not repairable, the width of the change of burn-in time can be larger by ${\beta}_1,\;{\beta}_2$ Second, if burn-in time become longer, it will be impossible to consider the bum-in in a long time, and in this case, the burn-in time should be shorten by the acceleration burn-in. Third, in case that opportunity loss cost or repair cost is exceed the warranty cost, or the total cost of considering burn-in is larger than that of not considering burn-in, it is not existed burn-in time which makes total cost to minimize. Forth, the shorter life-cycle of product, the more burn-in times will be decreased and the cost in considering burn-in will be increased

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Change of Paradigm of Research about Workplace in Organization and Architecture Area in 20th Century (20세기 기업조직과 건축분야에서의 업무공간연구 패러다임의 변화)

  • 박영기;조지연
    • Korean Institute of Interior Design Journal
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    • no.41
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    • pp.96-103
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    • 2003
  • The historical separation between organization studies and architecture area created a design environment in which wort processes are evaluated separately from setting where they occur. The impact of separation has been parallel yet disconnected development in th two disciplines in which the advance in one arena have not precipitated advances in the other. This is the unfortunate loss as each discipline has the potential to contribute directly to the other. With the emergence of new economy the opportunity to realign the tow disciplines is once again presented as new ways of working have enhanced this opportunity. It is important to revisit the historical development of the tow disciplines and to discuss how the misalignment of their respective concerns contributed to the establishment of our current situation. What happened to create an environment in which organizations assume that one of their largest capital expenditures the cost of providing work spaces for employees is unrelated to their work process\ulcorner what recent developments offer opportunities to rectify this dilemma\ulcorner In this study it is presented a historical review of organization studies and architecture. Through examination of these areas across time it becomes quite apparent that it is now appropriate to pose new questions about organization and their architecture. The comparison of two parallel developments explains how the current design environment is separated from organization studies and offers compelling evidence for why it is important to revisit this separation in light of contemporary theories on collaborative work, organizational learning and communities of practice.

Proposing a New Method for Calculating Reactive Power Service Charges using the Reactive Power Market

  • Ro, Kyoung-Soo;Park, Sung-Jin
    • KIEE International Transactions on Power Engineering
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    • v.4A no.4
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    • pp.262-267
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    • 2004
  • With the advent of electric power systems moving from a vertically integrated structure to a deregulated environment, calculating reactive power service charges has become a new and challenging theme for market operators. This paper examines various methods for reactive power management adopted throughout various deregulated foreign and domestic markets and then proposes an innovative method to calculate reactive power service charges using a reactive power market in a wholesale electricity market. The reactive power market is operated based on bids from the generating sources and it settles on uniform prices by running the reactive OPF programs of the day-ahead electricity market. The proposed method takes into account recovering not only the costs of installed capacity but also the lost opportunity costs incurred by reducing active power output to increase reactive power production. Based on the result of the reactive OPF program, the generators that produce reactive power within the obligatory range do not make payments whereas the generators producing reactive power beyond the obligatory range receive compensation by the price determined in the market. A numerical sample study is carried out to illustrate the processes and appropriateness of the proposed method.

The Existence of Mispriced Futures Contracts in the Korean Financial Market (빅데이터 분석을 통한 보유비용모형에 근거한 주가지수선물의 가격괴리에 대한 분석)

  • Kim, Hyun Kyung;Nam, Seung Oh
    • Journal of Information Technology Applications and Management
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    • v.21 no.4
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    • pp.97-125
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    • 2014
  • This study investigates the relationship between stock index and its associated nearby futures markets based on the cost-of-carry model. The purpose of this study is to explore the existence of mispriced futures contracts, and to test whether traders can earn trading profits in real financial market using the information about the mispriced futures contracts. This study suggests the concordance correlation coefficient to investigate the existence of mispriced futures contracts. The concordance correlation coefficient gives a desirable result for trading profits that results from a comparative analysis among profits from trading at the time to indicate trading opportunities determined by the degree of the difference between the observed market price and the theoretical price of a futures contract. In addition, this study also explains that the concordance correlation coefficient developed from the mean square error (MSE) has a statistically theoretical meaning. In conclusion, this study shows that the concordance correlation coefficient is appropriate for analyzing the relationship between the observed stock index futures market price and the theoretical stock index futures price derived from the cost-of-carry model.

A Rapid Locating Protocol of Corrupted Data for Cloud Data Storage

  • Xu, Guangwei;Yang, Yanbin;Yan, Cairong;Gan, Yanglan
    • KSII Transactions on Internet and Information Systems (TIIS)
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    • v.10 no.10
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    • pp.4703-4723
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    • 2016
  • The verification of data integrity is an urgent topic in remote data storage environments with the wide deployment of cloud data storage services. Many traditional verification algorithms focus on the block-oriented verification to resolve the dispute of dynamic data integrity between the data owners and the storage service providers. However, these algorithms scarcely pay attention to the data verification charge and the users' verification experience. The users more concern about the availability of accessed files rather than data blocks. Moreover, the data verification charge limits the number of checked data in each verification. Therefore, we propose a mixed verification protocol to verify the data integrity, which rapidly locates the corrupted files by the file-oriented verification, and then identifies the corrupted blocks in these files by the block-oriented verification. Theoretical analysis and simulation results demonstrate that the protocol reduces the cost of the metadata computation and transmission relative to the traditional block-oriented verification at the expense of little cost of additional file-oriented metadata computation and storage at the data owner. Both the opportunity of data extracted and the scope of suspicious data are optimized to improve the verification efficiency under the same verification cost.

An Ant Colony Optimization Heuristic to solve the VRP with Time Window (차량 경로 스케줄링 문제 해결을 위한 개미 군집 최적화 휴리스틱)

  • Hong, Myung-Duk;Yu, Young-Hoon;Jo, Geun-Sik
    • The KIPS Transactions:PartB
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    • v.17B no.5
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    • pp.389-398
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    • 2010
  • The Vehicle Routing and Scheduling Problem with Time Windows(VRSPTW) is to establish a delivery route of minimum cost satisfying the time constraints and capacity demands of many customers. The VRSPTW takes a long time to generate a solution because this is a NP-hard problem. To generate the nearest optimal solution within a reasonable time, we propose the heuristic by using an ACO(Ant Colony Optimization) with multi-cost functions. The multi-cost functions can generate a feasible initial-route by applying various weight values, such as distance, demand, angle and time window, to the cost factors when each ant evaluates the cost to move to the next customer node. Our experimental results show that our heuristic can generate the nearest optimal solution more efficiently than Solomon I1 heuristic or Hybrid heuristic applied by the opportunity time.