• Title/Summary/Keyword: Optimal Price

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The Impact of Coordination on Stocking and Promotional Markdown Policies for a Supply Chain

  • Lee, Changhwan
    • Proceedings of the Korean DIstribution Association Conference
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    • 2000.10a
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    • pp.91-105
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    • 2000
  • Results of a study of the coordination effect in stocking and promotional markdown policies for a supply chain consisting of a retailer and a discount outlet (DCO) are reported here. We assume that the products are sold in two consecutive periods: Normal Sales Period (NSP) and subsequent Promotional Sales Period (PSP). When managers in the two periods coordinate, they share information on the demand forecast and jointly decide the stocking quantity, markdown time schedule, and markdown price to maximize mutual profit. In the absence of coordination, decisions are decentralized to optimize the individual party's objective function. Optimal coordination policy for the retailer/DCO problem setting is analyzed, and the coordination policy is compared with the uncoordinated policy to explore factors that make coordination an effective approach.

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Transaction Models within a Supply Chain and Optimal Wholesale Pricing of Two Competing Suppliers (경쟁이 있는 공급사슬의 거래모형과 최적납품가격)

  • Park, Hae-Churl;Ahn, Bong-Hyun
    • Journal of the Korean Operations Research and Management Science Society
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    • v.37 no.3
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    • pp.117-134
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    • 2012
  • We analyze a systematic relationship between transaction mechanisms and wholesale pricing schemes within a supply-chain with two competing suppliers and a monopolistic retailor. When one of the suppliers changes its transaction mechanism from an independent scheme to a cooperative one, then the wholesale prices of the suppliers become cheaper than before. When one supplier changes its transaction scheme to a cooperative one while the other supplier sticks to the existing independent transaction scheme, we show that the supplier with a cooperative transaction scheme can realize the increased profit via a profit sharing contract with the retailer but the supplier with independent transaction scheme can face the decreased profit. We also show that both suppliers can achieve the higher profits by adopting the cooperative schemes with the retailer.

Systematization Design of Linear Actuator by using CAE System

  • Cho, Kyeng-Jai;Cha, In-Su;Lee, Kwon-Hyun
    • Proceedings of the KIPE Conference
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    • 1998.10a
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    • pp.107-112
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    • 1998
  • In this paper, we introduce the design method using CAE(Computer Aided Engineering) which is profitable in the compatibility and standardization of the developed product, and the reduction of construction time and price to develop and design a machine equipment. Particularly, we select the standard model to design or develop from the large machinery to the super precision one, extract the peculiar characters of the model by the close analysis on the physical and technical part, the experiment for the characteristics of objective dimensions by analogical mathematical analysis for previous results, and can induce the design model demanded by user investigating optimal data in the design previous. We present the analogical algorithms and process method of design factors and restriction factors in the systematization design with computer. Then we analyze step functions for each systematization equipment and induce the process of technical data with actuator model.

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A Study on Calculation and Decomposition of Bus Incremental Cost on Power System Operation (계통운전상태에서의 모선증분비용 산정 및 분해에 관한 연구)

  • Kim, Y.H.;Lee, Buhm;Choi, S.K.;Moon, H.K;Lee, J.G.;Yeon, J.H.
    • Proceedings of the KIEE Conference
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    • 2002.11b
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    • pp.105-107
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    • 2002
  • This paper provides calculation and decomposition of Bus Incremental Cost on Power System Operation. In this method we show deriving Shadow Price from state variables in Optimal condition. And the decomposition can give a detailed description of each Bus Incremental Cost. The proposed method is applied to IEEE-30 and results shows the effectiveness of the method.

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Application of Neural Inverse Modeling Scheme to Optimal Parameter Tuning of Filter Test Equipment

  • Kim, Sung-Ho;Han, Yun-Jong;Bae, Geum-Dong
    • International Journal of Fuzzy Logic and Intelligent Systems
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    • v.4 no.2
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    • pp.172-175
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    • 2004
  • Generally, the yield rate of semiconductors is the major factor that affects directly the price of semiconductors. For a high yield rate of semiconductors, the air inside clean room is needed to be purified and high efficient filters are used for this. The filter are made of super-fine fiber and certain pinholes can be easily produced on the filter's surface by inadvertent manufacturing. As these pinholes are not easily detected with the bare sight, these pinholes exert a negative impact to filtration performance of the filter. In this research, not only the automatic test equipment for detecting pinholes is proposed, but also inverse modeling scheme based on artificial neural network is applied for tuning of its important parameters.

Effect of Product Variety on Market Share (제품 다양화가 시장 점유율에 미치는 영향)

  • 이호창
    • Journal of the Korean Operations Research and Management Science Society
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    • v.29 no.1
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    • pp.101-112
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    • 2004
  • Customer satisfaction level is usually measured in terms of price, qualify, customization, after-sale-service, product variety etc. Each firm sets up a distinctive production/marketing strategy to gain competitive advantage by Prioritizing the customer satisfaction measures. The market differentiation strategy directly results in supply chain performance such as lead time, inventory, customer fill rate and market share. Product proliferation desirable in customization sense often conflicts the economies of scale effect in production side. This paper focuses the relationship between product variety and market share. Specifically, we investigate how introduction of new product affects the current market share, i.e., formation of customer preference and provide some insight into the optimal range of product variety.

Systematization design and the analogical interpretation of machinery character by use CAE (컴퓨터 응용기술(CAE)을 이용한 기기특성의 유추해석과 계열화 설계)

  • 조경재;조제황;이권현
    • Proceedings of the Korean Society of Precision Engineering Conference
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    • 1996.11a
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    • pp.851-856
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    • 1996
  • In this paper, we introduce the design method using CAE(Computer Aided Engineering) which is profitable in the compatability and standardization of the developed product, and the reduction of construction time and price to develop and design a machine equipment. Particularly, we select the standard model to design or develop from the large machinery to the super precision one, extract the peculiar characters of the model by the close analysis of the physical and technical part, the experiment for the characteristics of objective dimensions by analogical mathematical analysis for previous results, and can induce the design model demanded by user investigating optimal data in the design previous We present the analogical algorithms and process method of design factors and restriction factors in the systematization design with computer. Then we analyze step functions for each systematization equipment and induce the process of technical data with actuator model.

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Modeling and control of a solenoid for high-speed actuation (솔레노이드의 고속 동작을 위한 모델링 및 제어)

  • Yoo, Seung-Ryeol;Shin, Dong-Hun
    • Journal of the Semiconductor & Display Technology
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    • v.10 no.4
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    • pp.1-5
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    • 2011
  • Electronics in modern life have become more miniaturized and precise and new technology of electronic components has made these trends possible. The explosive demand of electronic components needs more high-speed and accurate performance of manufacturing processes. For high-speed actuation, solenoids, voice coil motors and piezo motors have been used. A solenoid actuator characterized by low price, available small size, and convenience is one of the main components of production equipments requiring compact and high-speed actuators. Since these actuators show millisecond order responsiveness, the improvement of 1~2msec is very important in industrial applications. In this paper, the mathematical model of the solenoid is formulated and simulated using SIMULINK$^{(R)}$. To verify the model, the responses for step input with open-loop control is obtained and compared with the simulation result. In order to improve the responsiveness, Hold voltage method is introduced and optimal value between spring constant and hold voltage is suggested.

A New Model of a Routing and Wavelength Assignment Problem on WDM Ring Networks (WDM 환형 망에서 경의 실정 및 파장 할당 문제의 새로운 모형)

  • Gang Dong Han;Gang Jang Ha;Park Seong Su
    • Proceedings of the Korean Operations and Management Science Society Conference
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    • 2002.05a
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    • pp.397-401
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    • 2002
  • We consider a routing and wavelength assignment (RWA) problem on wavelength division multiplexing (WDM) ring networks, which is to maximize the established connections between nodes, given a set of usable wavelengths. We propose two new mathematical formulations of it and efficient algorithms based on branch-and-price method. Computational experiments on random instances show that cue of the proposed formulations yields optimal solutions in much shorter time on the average than the previous formulation due to Lee (1998).

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Wavelength Assignment Optimization in SDH over WDM Rings

  • Chung, Jibok;Lee, Heesang;Han, ChiMoon
    • Management Science and Financial Engineering
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    • v.9 no.1
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    • pp.11-27
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    • 2003
  • In this study, we propose a mathematical model based on the graph theory for the wavelength assignment problem arising in the design of SDH (Synchronous Digital Hierarchy) over WDM (Wavelength Division Multiplexing) ring networks. We propose a branch- and -price algorithm to solve the suggested models effectively within reasonable time in realistic SDH over WDM ring networks. By exploiting the structure of ring networks, we developed a polynomial time algorithm for efficient column generation and a branching rule that conserves the structure of column generation. In a computer simulation study, the suggested approach can find the optimal solutions within reasonable time and show better performance than the existing heuristics.