• Title/Summary/Keyword: Product Return

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Maximal United Utility Degree Model for Fund Distributing in Higher School

  • Zhang, Xingfang;Meng, Guangwu
    • Industrial Engineering and Management Systems
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    • v.12 no.1
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    • pp.36-40
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    • 2013
  • The paper discusses the problem of how to allocate the fund to a large number of individuals in a higher school so as to bring a higher utility return based on the theory of uncertain set. Suppose that experts can assign each invested individual a corresponding nondecreasing membership function on a close interval I according to its actual level and developmental foreground. The membership degree at the fund $x{\in}I$ is called utility degree from fund x, and product (minimum) of utility degrees of distributed funds for all invested individuals is called united utility degree from the fund. Based on the above concepts, we present an uncertain optimization model, called Maximal United Utility Degree (or Maximal Membership Degree) model for fund distribution. Furthermore, we use nondecreasing polygonal functions defined on close intervals to structure a mathematical maximal united utility degree model. Finally, we design a genetic algorithm to solve these models.

A Case Study on the Engineering Economic Decision for Receiving Orders in Automotive Parts Industry (자동차부품 수주를 위한 투자타당성 분석방법 개선 사례연구)

  • Kim, Jin-Wook;Jeong, Heon-Gyeong
    • IE interfaces
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    • v.20 no.3
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    • pp.267-276
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    • 2007
  • When a company makes a decision on an investment for a new product as a source for a new program, it is not easy for them to take a proper decision-making process in this highly volatile market. There could be several ways to make an investment decision on a new program. A company needs to choose the most suitable way of investment which is reflected current corporate circumstances and potential risks. We check up the process of the engineering economic decision in a automotive part manufacturing company. We define the gap between the theory and practice on engineering economic decisions. We present advices to make a decision desirably.

An Empirical Study on the Investment and Return of Online Trading Services (온라인 증권 거래 서비스를 위한 기업 투자와 성과에 관한 실증연구)

  • Shim, Seonyoung;Chung, Woo Jin
    • The Journal of Information Systems
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    • v.18 no.3
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    • pp.251-276
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    • 2009
  • Maintaining online services of high quality has become a crucial factor for brokerages to gain competitive advantages. Because of the attributes of the product uniformity of online trading, online brokerages have grown significantly with IT development, since the early 2000s. Now, as the online trading business gets mature, the profitability of the IT investment and the quality of IT-based services became questioned. This study examines the issues of IT investment and its contribution by analyzing the relationship between the quality of online service and IT investment. In addition, it also investigates the relationship of the quality of online services and profitability of brokerage. Our results show that IT investment draws cubic-style, curvilinear relationship with the service quality of online trading and only high quality services can lead to the increase of profitability.

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A Simple Approach of Improving Back-Propagation Algorithm

  • Zhu, H.;Eguchi, K.;Tabata, T.;Sun, N.
    • Proceedings of the IEEK Conference
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    • 2000.07b
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    • pp.1041-1044
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    • 2000
  • The enhancement to the back-propagation algorithm presented in this paper has resulted from the need to extract sparsely connected networks from networks employing product terms. The enhancement works in conjunction with the back-propagation weight update process, so that the actions of weight zeroing and weight stimulation enhance each other. It is shown that the error measure, can also be interpreted as rate of weight change (as opposed to ${\Delta}W_{ij}$), and consequently used to determine when weights have reached a stable state. Weights judged to be stable are then compared to a zero weight threshold. Should they fall below this threshold, then the weight in question is zeroed. Simulation of such a system is shown to return improved learning rates and reduce network connection requirements, with respect to the optimal network solution, trained using the normal back-propagation algorithm for Multi-Layer Perceptron (MLP), Higher Order Neural Network (HONN) and Sigma-Pi networks.

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The Design of a Near-Field Antenna with a Ferrite Sheet for UHF EPC Applications

  • Hwang, Yi Seul;Lee, Kyung Ho;Jeon, Yong Seung;Sung, Won Mo
    • Journal of electromagnetic engineering and science
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    • v.14 no.3
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    • pp.317-319
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    • 2014
  • In this letter, a small-loop antenna for a mobile UHF RFID device is proposed. To achieve size reduction, a ferrite sheet optimized for a 900 MHz band is applied. The overall dimensions of the antenna are $46mm{\times}35mm{\times}0.24mm$, and it has a bandwidth of 45 MHz with a return loss of less than -6 dB. The proposed antenna satisfies near and far field UHF EPC global frequency band communications (902-928 MHz).

Economic Prospects and Policies for Sustainable Agriculture in Korea (친환경농업의 경제성과 육성방안)

  • Oh Ho Sung
    • Proceedings of the Korean Society of Crop Science Conference
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    • 1998.10a
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    • pp.1-23
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    • 1998
  • Sustainable agriculture in Korea will gain important momentum by implementing The Direct Payment Scheme for Environmentally Friendly Agriculture in 1999. The farmers who want to participate in the program will be paid 530,000won/ha directly by the Government in return for engaging sustainable agriculture. The policy scheme which is a pilot program will be restricted to environmentally regulated areas to apply such as water supply protection zone, environmental protection districts and national parks. As a consequence of the policy, the supply of transitional organic agricultural products is expected to increase significantly. However the increased supply of low input agricultural products may have difficulties to find an appropriate marketing channel which is differentiated from the general agricultural product market. Development of an open market system for mass transaction of the low imput agricultural products is necessary. Also various government programs and projects which are designed for clean environment and regional community development must be integrated into the sustainable agriculture program to have synergy effects.

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Gaining Insight into IT Investment in the Agriculture Industry: Comparison of IT Portfolios by Type of Crops

  • Jiyeol Kim;Cheul Rhee;Junghoon Moon
    • Asia pacific journal of information systems
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    • v.27 no.4
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    • pp.233-244
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    • 2017
  • IT portfolio, meaning the ratio of investment with four different purposes of IT, is widely used for evaluating the adequacy of investment and its performance within firms. Despite of such a useful framework looking at investment on IT, IT portfolio in agriculture industry seems to be differentiated from other industries. In this study, we compared IT portfolios of farms: grain, field fruit and vegetable, greenhouse fruit, greenhouse vegetable, beef cattle and pig. We classified farms by their return on equity (ROE) in order to analyze the relationship between IT portfolio of each crop and performance. Then, we found patterns of IT portfolios of top-performance farms compared to all farms for each agricultural product. Lastly, peculiarities of each crop are interpreted and discussed to find out top-performance farms' IT investment patterns. From our study, it could be inferred that monotonous IT investments may not be as effective.

A Study on the Improvement Plan for Royalty System in the National R&D Programs for Industrial Technology (산업기술지원 연구개발사업의 기술료 제도개선에 관한 연구)

  • Park, Jung-Hee;Moon, Jong-Beom
    • Journal of Korea Technology Innovation Society
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    • v.12 no.2
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    • pp.430-456
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    • 2009
  • The industrial Technology Development Program enables the recipient to set up technology infrastructure and to facilitate technology diffusion. In return, government charges royalties to the program recipient. However, the current royalty system is not effective form. This study analyzes the various aspects of royalty collection methods applied to the Industrial Technology Development Program and recommends the following: a) to establish a royalty collection system with appropriate charges for both fixed royalties and running royalties, dependent upon type of technology development b) to seek a method to setup different collection periods for industrial categories in consideration of product life cycle c) to review on ownership of intangible property. In addition, in order to manage the entire royalty process effectively, prompt establishment is needed in order for a responsible evaluation institute to create task forces to evaluate technology value, to transfer technology, to support technology commercialization, to collect and manage royalty and expand and report result.

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A Planning Model for Apartment Development Project Reflecting Client Requirements (고객 요구사항을 반영한 아파트 개발 사업 기획 모델)

  • Kim Yoo-Shin;Oh Ye-Keun;Kim Jae-Jun
    • Korean Journal of Construction Engineering and Management
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    • v.5 no.3 s.19
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    • pp.88-96
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    • 2004
  • Recently, client requirements concept is an important issue related to many effects of firms. Especially, if we think that apartment is given a great deal of national construction industry, it is requested that we should try to improve apartment quality with various methods of client requirements survey and reflecting those on apartment project. The technique searching and applying client requirements to apartment project is requested for that and ROQ(Return On Quality) process connected to QFD(Quality Function Deployment) is a technique which is used in manufacturing industry and help to make money by rising client satisfaction with searching clients requirements, and applying this to quality improvement program. In this study apartment quality management development is suggested through using ROQ process. For this customer interview research and FGI(Focus Group Interview) was carried out and clients requirement was analyzed with this. Then quality improvement program applicable to developing a new apartment product was established with specialist monitoring. A new apartment quality management development plan is prosed with this process.

Economic Evaluations of Direct Coal Liquefaction Processes (직접석탄액화 공정의 경제성 평가)

  • Park, Joo-Won;Kweon, Yeong-Jin;Kim, Hak-Joo;Jung, Heon;Han, Choon
    • Korean Chemical Engineering Research
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    • v.47 no.1
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    • pp.127-132
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    • 2009
  • This report examines the economic feasibility of a commercial 50,000 barrel per day direct coal liquefaction(DCL) facility to produce commercial-grade diesel and naphtha liquids from medium-sulfur bituminous coal. The scope of the study includes capital and operating cost estimates, sensitivity analysis and a comparative financial analysis. Based on plant capacity of 50,000BPD, employing Illinois #6 bituminous coal as feed coal the total capital cost appeared $3,994,858,000. Also, the internal rate of return of DCL appeared 6.60% on the base condition. In this case, coal price and sale price of products were the most influence factors. And DCL's payback period demanded a long time(12.3 years), because of high coal price at the present time. According to sensitivity analyses, the important factors on DCL processes were product sale price, feed coal price and the capital cost in order.