• Journal of agriculture & life science
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• v.50 no.2
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• pp.117-124
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• 2016

This study was estimated the effect of environmental factors and each of them on auction price of Hanwoo calves. The auction prices of Hanwoo calves(19,592head) registered pedigree were sampled in Gyeongsangnam-do from 2014 to 2015. The environmental factors were highly(p<0.01) affect to the auction price of Hanwoo calves. With the analysis of contribute factor used the semi-partial correlation, the value of regression equation(Adj R-Square) was 0.701. The semi-partial correlation values of sex, auction body weight, auction age, auction year, auction season, and auction area were 0.11563, 0.20013, 0.02823, 0.10727, 0.00330 and 0.02963, respectively. And the highest contribution factor was body weight, and then, followed sex, auction year, auction area and auction age. In conclusion, it could be suggested that Hanwoo calf farmer should improve calf body weight to increase auction price by not only breeding, but also optimal management. Additionally, it is expecting in the future that competitiveness and income of farmers will be affected deeply by the holding and producing of predominant genes which is coincidence with breeding principles. However, further study should be conducted for the better understand caused by the limit of previous studies which was estimated the correlations of auction price and each factors.

• Proceedings of the Computational Structural Engineering Institute Conference
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• 2008.04a
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• pp.387-390
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• 2008

The importance of the life cycle cost analysis for construction projects of bridge has been recognized over the last decades. Accordingly, theoretical models, guidelines, and supporting softwares have been developed for the life cycle cost analysis of bridges. However, it is difficult to predict life cycle cost considering uncertainties precisely. This paper presents methodology for optimal design of substructure for a steel box bridge. Total life cycle cost for the service life is calculated as sum of initial cost, damage cost considering uncertainty, maintenance cost, repair and rehabilitation cost. The optimization method is applied to design of a bridge substructure with minimal cost, in which the objective function is set to life cycle cost and constraints are formulated on the basis of Korean Bridge Design Specification. Initial cost is calculated based on standard costs of the Korea Construction Price Index and damage cost on the damage probabilities to consider the uncertainty of load and resistance. An advanced first-order second moment method is used as a practical tool for reliability analysis using damage probability. Maintenance cost and cycle is determined by a stochastic method and user cost includes traffic operation costs and time delay costs.

• Industrial Engineering and Management Systems
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• v.8 no.4
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• pp.221-227
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• 2009

There are customer services jointly provided by two facilities so that each customer will complete the course made up of both facilities' sub-services. The two facilities are assumed invested respectively by an infrastructure owner and one subordinate facility owner, whose partnership is built on their capital investments. This paper presents a mathematical model of Stackelberg competition between the two facility owners to derive their optimal Nash equilibrium. In this study, each facility owner's profit is consisted of fixed revenue fractions of sold services, operating costs (including depreciation cost) and maintenance costs of her facility. The maintenance costs of one facility are incurred both by failures and deterioration due to usage. Moreover, for both facilities, failures are rectified immediately by minimal repairs and preventive maintenance is carried out at a fixed time epoch. Additional assumptions are also employed to develop the model such as customer arrivals are manipulated to follow a Poisson process, and each facility's lifetime is independently Weibull-distributed. The Stackelberg game proceeds as follows. At the first stage of decision making process, the infrastructure owner (acting as a leader) decides the allocation of revenue shares based on her self-interest. After observing the allocation of revenue shares, the subordinate facility owner determines her own optimal price of services. This paper investigates actions and reactions of the two partners in the system. Then analytical conditions are proposed to achieve a unique optimal Nash equilibrium. Finally, some suggestions for further research are discussed.

• Journal of Distribution Science
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• v.15 no.7
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• pp.35-41
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• 2017

Purpose - A product bundling is a marketing approach where multiple products or components are packaged together into one bundle solution. This paper aims to introduce an optimal bundle search problem (hereinafter called "OBSP") which may be embedded with online recommendation system to provide an optimized service considering pairwise discount and delivery cost. Research design, data, and methodology - Online retailers have their own discount policy and it is time consuming for online shoppers to find an optimal bundle. Unlike an online system recommending one item for each search, the OBSP considers multiple items for each search. We propose a mathematical formulation with numerical example for the OBSP and analyzed the complexity of the problem. Results - We provide two results from the complexity analysis. In general case, the OBSP belongs to strongly NP-Hard which means the difficulty of the problem while the special case of OBSP can be solved within polynomial time by transforming the OBSP into the minimum weighted perfect matching problem. Conclusions - In this paper, we propose the OBSP to provide a customized service considering bundling price and delivery cost. The results of research will be embedded with an online recommendation system to help customers for easy and smart online shopping.

• Journal of Korean Society of Transportation
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• v.24 no.7 s.93
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• pp.139-148
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• 2006

In order to incorporate substitution effects between different transport modes in optimal road Pricing, relating economic theories and models have been reviewed. It includes unconstrained optimization problem of maximizing separable and non-separable social net benefit functions of different substitutable urban transport modes. In doing that, the problem and limitations such as path-independent conditions with the asymmetric Jacobian of the objective function have been reviewed. Consequently, a plausible way of deriving optimal road price under interdependent market conditions has been suggested so that the idea can help identifying desirable and acceptable urban transport policy alternatives in a more comprehensive way.

• Journal of the military operations research society of Korea
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• v.3 no.1
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• pp.109-114
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• 1977

There are some factors which cause the profits from the production to be decreased or increased. They are, for example, the rise in efficiency of production facilities resulting from the development of the scientific technique, the changes of purchase price of those, and the drop in efficiency of those owing to there long-term operation. In this connection, an manager can get the highest profit by deciding the proper time of new facilities replacement for those in operation or in being planned, which leads to good management planning of his manufactaring business for a given period or a long time. Main purpose of this is the study of how we decide the optimal time or facilities replacement in order to maximize the total profits for a given period by considering them as continous function as to the time in the case where a machineng is set. The results are following: 1. The definition of profit function is in duced in consideration of the breakdowns caused from continous operation of the machinery. 2. The necessary conditions are obtained for the optimal time of replacement and find out the methods of its solution. 3. Comparing between the 'Short cut' method and method in this paper, we obtained that our method is more realistic.

• Journal of the Society of Naval Architects of Korea
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• v.51 no.2
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• pp.99-106
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• 2014

Weather routing of a ship provides an optimal route to the destination by using minimal time or fuel in a given sea condition. These days, weather routing came into a spotlight with soaring fuel price and the environmental regulations of IMO and several countries. This study presents three scenarios of voyaging strategies for a ship and compared them in terms of the fuel consumption. The first strategy fixes the speed of a ship as a constant value for entire sailing course, the second fixes the RPM of the ship as constant for entire course, and the third determines the RPMs of the ship for each segment of the course. For each strategy, a ship route is optimized by using the $A^*$ search method. Wind, ocean current and wave are considered as ocean environment factors when seeking the optimal routes. Based on 7000 TEU container ship's sea trial records, simulation has been conducted for three scenarios, and the most efficient routing scenario is determined in the view of fuel consumption.

• Journal of Drive and Control
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• v.11 no.4
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• pp.46-52
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• 2014

This study suggests a small-sized screw decanter specialized for dredging sites. Generally, conventional screw decanters are composed of a cylinder and a cone. However, the suggested screw decanter simply has a cone based on a cone-type bowl structure. In this research, a commercial analysis tool is used to establish an optimal design for the bowl and the screw conveyor. Moreover, the base frame, where the main bearings that support the spindle of the bowl and the screw conveyor are installed, is optimally designed considering the weight of the rotating body and the deflection caused by the high centrifugal force. Furthermore, the natural frequency range of the spinning body, the bowl and the screw conveyor, is applied to this base frame; it is designed not to correspond to the resonance frequency range and achieves stability as a result. This study suggests an optimal design for the rotating body and the base frame of a screw decanter considering its vibration characteristics. Such a design will prevent overuse of materials and help to reduce the weight and volume-and the price-of a screw decanter.

• The Transactions of the Korean Institute of Electrical Engineers A
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• v.51 no.1
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• pp.37-44
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• 2002

This Paper suggests reasonable pricing mathod fur Reactive Power in Optimal Power Flow for the system analysis. Under restructuring, not only real power pricing but also reactive power pricing is important for the system analysis and operation. If people just focus on real power pricing, the Generators may no generate reactive power voluntarily, because the Generators may not recover the cost of the reactive power generation. So making a reasonable reactive power pricing is becoming more important than any other time. In this paper, the authors set a Proper Power factor and price the portion of the reactive power that exceeds the power factor using Interior Point Method. By applying this method, the System operator can use this strategy for the analysis of reactive power generation pricing and the Generator can get the motivation to generate reactive power. The author develops fully optimized fast Primal Dual Interior Point Method with sparsity technique and applies this method to Reliability Test System (RTS24) and KEPCO 674 bus system (684 buses. 1279 lines). It shows adaptability and usefulness.

• Journal of Electrical Engineering and Technology
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• v.9 no.3
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• pp.1089-1095
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• 2014

Innumerable microgrids would be operated independently by individual operators in a future smart grid. This kind of decentralized power system requires entirely different operation scheme in the actual power system and electricity market operation. Especially, frequency regulation is very important for successive energy trade in this multi-microgrid circumstance. This paper presents an optimal energy and reserve market participation strategy and operation strategy of energy storage system (ESS) by a microgrid operator (MGO). For definite evaluation of the proposed strategy, we postulate that the MGO should participate in the Power Exchange for Frequency Control (PXFC) market, which was devised by Maria Ilic and her coworkers and is suitable to the decentralized operation circumstances. In particular, optimal reserve capacity of the frequency control market and optimal market participation ratio of ESS between frequency control market and energy market are derived theoretically and evaluated by simulations utilizing Nordic Pool Elspot price data.