• Title/Summary/Keyword: Resource selection model

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Assessing the Value of Research and Exploratory Development Stage of an R&D project under Duopoly and Oligopolistic Competition

  • 최돈호;김지수
    • Journal of Technology Innovation
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    • v.4 no.1
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    • pp.165-183
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    • 1996
  • In acquiring and transferring a superior knowledge assesing the intermediate result value of a competitive R&D project is very important for a firm engaging in R&D. Most existing literatures on R&D evaluation are concerned with project selection and resource allocation. In this paper the stage of an R&D project is classified into research, exploratory development, and development. And a model is suggested which evaluates the intermediate result value before completion of development stage under duopoly and oligopolistic competition. Assessed value of the intermediate result transferred to the next tier company can be used as a minimum acceptable price to the inventor when more advanced knowledge acquired through R&D is transferred to the next tier one. The model suggested is composed of structural variables including research cost, success rates, potential profits, discount rate degree of competition. By using exponential distribution for invertion process time in each stage, we derive a formula that can assess the value of the intermediate result, and we demonstrate how the model can be applied to a competitive R&D situation through an example.

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Estimating the Value of Statistical Life by Analysing Disease Protective Behavior: Focusing on Medical Examination of Cancer (질병예방행위 분석을 통한 확률적 인간생명가치 추정: 암 검진 행위 분석을 중심으로)

  • Shin, YoungChul
    • Environmental and Resource Economics Review
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    • v.17 no.4
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    • pp.845-873
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    • 2008
  • This study estimates the VSL(value of a statistical life) as well as the WTP(willingness to pay) for mortality risk reduction using sample selection model with data on liver cancer examination which is associated with little possibility of multi-purpose(i.e. joint production) in averting behavior. The marginal benefits of mortality risk reduction are estimated by applying for household production function model with medical expense and the time required for medical examination of liver cancer. Individuals are more likely to take liver cancer test if they are male, older, higher educated, those with spouse, smoker, more income of household, and more anxious about their health. The costs of liver cancer examination are statistically significantly affected with expected signs by size of mortality risk reduction, sex, period of eduction, those with spouse, and household income. The marginal effect of mortality risk reduction owing to taking liver cancer examination is estimated at 321,097 won. The costs of liver cancer examination are increased by 905 won with more one year of education period and by 1,743 won with more one million won in household income. On liver cancer examination, male spends more 12,310 won than female and those with spouse pay more 7,969 won than those without spouse. Therefore the VSL from mortality risk reduction due to liver cancer examination is 321.10 million won at mean size of mortality risk reduction and mean cost of liver cancer examination. The results of sensitivity tests on costs and effects of liver cancer test shows that the VSLs are estimated in a range from 160.55 million won to 642.19 million won.

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Novel Trusted Hierarchy Construction for RFID Sensor-Based MANETs Using ECCs

  • Kumar, Adarsh;Gopal, Krishna;Aggarwal, Alok
    • ETRI Journal
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    • v.37 no.1
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    • pp.186-196
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    • 2015
  • In resource-constrained, low-cost, radio-frequency identification (RFID) sensor-based mobile ad hoc networks (MANETs), ensuring security without performance degradation is a major challenge. This paper introduces a novel combination of steps in lightweight protocol integration to provide a secure network for RFID sensor-based MANETs using error-correcting codes (ECCs). The proposed scheme chooses a quasi-cyclic ECC. Key pairs are generated using the ECC for establishing a secure message communication. Probability analysis shows that code-based identification; key generation; and authentication and trust management schemes protect the network from Sybil, eclipse, and de-synchronization attacks. A lightweight model for the proposed sequence of steps is designed and analyzed using an Alloy analyzer. Results show that selection processes with ten nodes and five subgroup controllers identify attacks in only a few milliseconds. Margrave policy analysis shows that there is no conflict among the roles of network members.

Strategic Technology Management of Automotive Steel Sheets Makers (자동차용 강판 제조업체의 전략적 기술경영)

  • Jung, Kyung-Hee;Lee, Sang-Kyu
    • IE interfaces
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    • v.16 no.3
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    • pp.291-299
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    • 2003
  • The managerial environment of automobile industry has been rapidly changing, mainly with the tighter standard of legal and environmental regulations, the pressure of cost reduction from the end-user, the various functional improvements of vehicles, and the globalization management. In order to survive in this complicate circumstances, the automakers have strongly pursued the mutual collaboration with the suppliers, especially tier-1, for the optimal selection of parts/materials and the assembly manufacturing processes of the new model development. They prepare the early involvement program for the suppliers during the conceptual design stage, and implement the win-win strategy of technology development activity, in order to improve the value creation. This study considers the strategic technology management of automotive steel sheets makers on the aspects of strategy, processes, human & physical resources, and organization structure. It also suggests the corporate strategies of steel mills, in order to obtain the technology competence.

A THEORETICAL MODEL FOR OPTIMIZATION OF ROLLING SCHEDULE PROCEDURE PARAMETERS IN ERP SYSTEMS

  • Bai, Xue;Cao, Qidong;Davis, Steve
    • Journal of applied mathematics & informatics
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    • v.12 no.1_2
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    • pp.233-241
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    • 2003
  • The rolling schedule procedure has been an important part of the Enterprise Resource Planning (ERP) systems. The performance of production planning in an ERP system depends on the selection of the three parameters in rolling schedule procedure: frozen interval, replanning interval, and planning horizon (forecast window). This research investigated, in a theoretical approach, the combined impact of selections of those three parameters. The proven mathematical theorems provided guidance to re-duction of instability (nervousness) and to seek the optimal balance between stability and responsiveness of ERP systems. Further the theorems are extended to incorporate the cost structure.

Use of Managerical Decision Categories for Selecting KA/KR Techniques in HRM Problem Domains

  • Byun, Dae-Ho;Suh, Eui-Ho
    • Journal of the Korean Operations Research and Management Science Society
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    • v.21 no.2
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    • pp.71-93
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    • 1996
  • Selection of appropriate knowledge acquisition and representation techniques is regarded as a major task in the development of expert systems. This depends on the characteristics of problem domains. Expert system builders have often adopted a technique without a formal analysis of application domains. The purpose of this paper is to provide the best knowledge aquisition and representation technique for use in human resource management problem domains. In an attempt to meet this purpose, the conceptual contingency model that suggests the best technique according to managerial decision categories is used as a guidance. In order to determine the priority of managerial decision categories, the Analytic Hierarchy Process and an extended method are proposed.

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A Study on the Deterministic Evaluation Method of R&D Project in Food Industry (식품산업 연구개발의 결정론적 평가방법에 관한 연구)

  • 이종만;이근희
    • Journal of Korean Society of Industrial and Systems Engineering
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    • v.14 no.23
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    • pp.57-64
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    • 1991
  • The preliminary, advanced and final evaluation of R&D project is essential in order to reduce loss of resource and opportunity and to minimize uncertainty resulting from optimal selection and efficient progress of R&D project. This thesis examined characteristics of deterministic evaluation, economical evaluation, and OR-approach evaluation as theoretical methodology of evaluation of R&D project applicable to food industry in Korea by using scoring method, one of deterministic evaluations. In addition, this thesis divided the evaluation factors for preliminary evaluation of R&D project into 5 groups and 30 factors on basis of the environment of domestic companies and set up the standard of each evaluation factors and contains marking-selecting way. But, generally, the evaluation model by this thesis, as the conditions of the business company environment are different to each other, contents to be set up evaluation factors, evaluation standard and decision method conforming to each the environment of the business companies with referring to as one standard of evaluation project for selecting R&D project.

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Reliability-aware service chaining mapping in NFV-enabled networks

  • Liu, Yicen;Lu, Yu;Qiao, Wenxin;Chen, Xingkai
    • ETRI Journal
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    • v.41 no.2
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    • pp.207-223
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    • 2019
  • Network function virtualization can significantly improve the flexibility and effectiveness of network appliances via a mapping process called service function chaining. However, the failure of any single virtualized network function causes the breakdown of the entire chain, which results in resource wastage, delays, and significant data loss. Redundancy can be used to protect network appliances; however, when failures occur, it may significantly degrade network efficiency. In addition, it is difficult to efficiently map the primary and backups to optimize the management cost and service reliability without violating the capacity, delay, and reliability constraints, which is referred to as the reliability-aware service chaining mapping problem. In this paper, a mixed integer linear programming formulation is provided to address this problem along with a novel online algorithm that adopts the joint protection redundancy model and novel backup selection scheme. The results show that the proposed algorithm can significantly improve the request acceptance ratio and reduce the consumption of physical resources compared to existing backup algorithms.

Genetic Relationship between Carcass Traits and Carcass Price of Korean Cattle

  • Kim, Jong-Bok;Kim, Dae-Jung;Lee, Jeong-Koo;Lee, Chae-Young
    • Asian-Australasian Journal of Animal Sciences
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    • v.23 no.7
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    • pp.848-854
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    • 2010
  • The objectives of this study were to estimate genetic parameters for the carcass price and carcass traits contributing to carcass grading and to investigate the influence of each carcass trait on the carcass price using multiple regression and path analyses. Data for carcass traits and carcass prices were collected from March 2003 to January 2009 on steers of Korean cattle raised at private farms. The analytical mixed animal model, including slaughter house-year-month combination, linear and quadratic slaughter age as fixed effects and random animal and residual effects, was used to estimate genetic parameters. The effects of carcass traits on the carcass price were evaluated by applying multiple regression analyses. Heritability estimates of carcass traits were $0.20{\pm}0.08$ for carcass weight (CWT), $0.33{\pm}0.10$ for back fat thickness (BFT), $0.07{\pm}0.05$ for eye-muscle area (EMA) and $0.25{\pm}0.10$ for marbling score (MS), and those of carcass prices were $0.21{\pm}0.10$ for auction price per 1 kg of carcass weight (AP) and $0.13{\pm}0.07$ for total price (CP). Genetic correlation coefficients of AP with CWT and MS were $-0.35{\pm}0.29$ and $0.99{\pm}0.04$, respectively, and those of CP with CWT and MS were $0.59{\pm}0.22$ and $0.39{\pm}0.29$ respectively. If an appropriate adjustment for temporal economic value is available, the moderate heritability estimates of AP and CP might suggest their potential use as the breeding objectives for improving the gross incomes of beef cattle farms. The large genetic correlation estimates of carcass price variables with CWT and MS implied that simultaneous selection for both CWT and MS would be also useful in enhancing income.

Drivers of Crop Productivity and Resource Use Efficiencies in Apple between Western and Eastern States in the US

  • Kim, Soo-Hyung
    • Proceedings of The Korean Society of Agricultural and Forest Meteorology Conference
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    • 2015.08a
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    • pp.18-28
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    • 2015
  • Apple is cultivated under various climatic conditions in many parts of the world. Better understanding of how climate, genotype, soil, and management factors interact to determine crop productivity will improve our ability to optimize crop selection, management strategies, and resource use efficiencies. We developed and applied a physiology-based apple canopy model to evaluate how climatic factors and crop phenotypes interact to determine biomass accumulation, radiation use efficiency (RUE), and water use efficiency (WUE) at multiple production sites between western and eastern states of the US including WA, CA, NY, WV, and PA. Our results indicate that solar radiation is a dominant factor limiting biomass production in the eastern states while VPD is the primary factor governing crop water use across eastern and western states during the peak growing season. Crop RUE and WUE were strongly correlated in the western states but not in the eastern states while VPD showed highly negative correlation with both RUE and WUE across all locations. The RUE improved with increasing fraction of diffuse radiation ($f_{df}$) and the $RUE-f_{df}$ relationships revealed distinctive responses between western and eastern states. Overall, the eastern locations exhibited slightly higher RUE and WUE than the western locations. However, overall productivity and total water use were greater in the western states. A clear decline of productivity with increasing temperature and afternoon VPD past an optimum was predicted in the western locations but this pattern was less clear in the eastern locations. We also discuss potential phenotypes with specific physiological and morphological traits that are differentially suitable for western and eastern locations. Our results provide plausible, spatially explicit explanations and insights to disentangle the complex relationships between crop productivity, resource use efficiencies, phenotype, and climate drivers in apple grown in the US.

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