• Title/Summary/Keyword: Subjective probabilistic model

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PROBABILISTIC MEASUREMENT OF RISK ASSOCIATED WITH INITIAL COST ESTIMATES

  • Seokyon Hwang
    • International conference on construction engineering and project management
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    • 2013.01a
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    • pp.488-493
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    • 2013
  • Accurate initial cost estimates are essential to effective management of construction projects where many decisions are made in the course of project management by referencing the estimates. In practice, the initial estimates are frequently derived from historical actual cost data, for which standard distribution-based techniques are widely applied in the construction industry to account for risk associated with the estimates. This approach assumes the same probability distribution of estimate errors for any selected estimates. This assumption, however, is not always satisfied. In order to account for the probabilistic nature of estimate errors, an alternative method for measuring the risk associated with a selected initial estimate is developed by applying the Bayesian probability approach. An application example include demonstrates how the method is implemented. A hypothesis test is conducted to reveal the robustness of the Bayesian probability model. The method is envisioned to effectively complement cost estimating methods that are currently in use by providing benefits as follows: (1) it effectively accounts for the probabilistic nature of errors in estimates; (2) it is easy to implement by using historical estimates and actual costs that are readily available in most construction companies; and (3) it minimizes subjective judgment by using quantitative data only.

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UNCERTAINTY AND SENSITIVITY STUDIES WITH THE PROBABILISTIC ACCIDENT CONSEQUENCE ASSESSMENT CODE OSCAAR

  • HOMMA TOSHIMITSU;TOMITA KENICHI;HATO SHINJI
    • Nuclear Engineering and Technology
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    • v.37 no.3
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    • pp.245-258
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    • 2005
  • This paper addresses two types of uncertainty: stochastic uncertainty and subjective uncertainty in probabilistic accident consequence assessments. The off-site consequence assessment code OSCAAR has been applied to uncertainty and sensitivity analyses on the individual risks of early fatality and latent cancer fatality in the population outside the plant boundary due to a severe accident. A new stratified meteorological sampling scheme was successfully implemented into the trajectory model for atmospheric dispersion and the statistical variability of the probability distributions of the consequence was examined. A total of 65 uncertain input parameters was considered and 128 runs of OSCAAR with 144 meteorological sequences were performed in the parameter uncertainty analysis. The study provided the range of uncertainty for the expected values of individual risks of early and latent cancer fatality close to the site. In the sensitivity analyses, the correlation/regression measures were useful for identifying those input parameters whose uncertainty makes an important contribution to the overall uncertainty for the consequence. This could provide valuable insights into areas for further research aiming at reducing the uncertainties.

A Study on the Fuzzy ELDC of Composite Power System Based on Probabilistic and Fuzzy Set Theories

  • Park, Jaeseok;Kim, Hongsik;Seungpil Moon;Junmin Cha;Park, Daeseok;Roy Billinton
    • KIEE International Transactions on Power Engineering
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    • v.2A no.3
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    • pp.95-101
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    • 2002
  • This paper illustrates a new fuzzy effective load model for probabilistic and fuzzy production cost simulation of the load point of the composite power system. A model for reliability evaluation of a transmission system using the fuzzy set theory is proposed for considering the flexibility or ambiguity of capacity limitation and overload of transmission lines, which are subjective matter characteristics. A conventional probabilistic approach was also used to model the uncertainties related to the objective matters for forced outage rates of generators and transmission lines in the new model. The methodology is formulated in order to consider the flexibility or ambiguity of load forecasting as well as capacity limitation and overload of transmission lines. It is expected that the Fuzzy CMELDC (CoMposite power system Effective Load Duration Curve) proposed in this study will provide some solutions to many problems based on nodal and decentralized operation and control of an electric power systems in a competitive environment in the future. The characteristics of this new model are illustrated by some case studies of a very simple test system.

Voice Personality Transformation Using a Probabilistic Method (확률적 방법을 이용한 음성 개성 변환)

  • Lee Ki-Seung
    • The Journal of the Acoustical Society of Korea
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    • v.24 no.3
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    • pp.150-159
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    • 2005
  • This paper addresses a voice personality transformation algorithm which makes one person's voices sound as if another person's voices. In the proposed method, one person's voices are represented by LPC cepstrum, pitch period and speaking rate, the appropriate transformation rules for each Parameter are constructed. The Gaussian Mixture Model (GMM) is used to model one speaker's LPC cepstrums and conditional probability is used to model the relationship between two speaker's LPC cepstrums. To obtain the parameters representing each probabilistic model. a Maximum Likelihood (ML) estimation method is employed. The transformed LPC cepstrums are obtained by using a Minimum Mean Square Error (MMSE) criterion. Pitch period and speaking rate are used as the parameters for prosody transformation, which is implemented by using the ratio of the average values. The proposed method reveals the superior performance to the previous VQ-based method in subjective measures including average cepstrum distance reduction ratio and likelihood increasing ratio. In subjective test. we obtained almost the same correct identification ratio as the previous method and we also confirmed that high qualify transformed speech is obtained, which is due to the smoothly evolving spectral contours over time.

The Effect of Meteorological Information on Business Decision-Making with a Value Score Model (가치스코어 모형을 이용한 기상정보의 기업 의사결정에 미치는 영향 평가)

  • Lee, Ki-Kwang;Lee, Joong-Woo
    • Journal of Korean Society of Industrial and Systems Engineering
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    • v.30 no.2
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    • pp.89-98
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    • 2007
  • In this paper the economic value of weather forecasts is valuated for profit-oriented enterprise decision-making situations. Value is estimated in terms of monetary profits (or benefits) resulted from the forecast user's decision under the specific payoff structure, which is represented by a profit/loss ratio model combined with a decision function and a value score (VS). The forecast user determines a business-related decision based on the probabilistic forecast, the user's subjective reliability of the forecasts, and the payoff structure specific to the user's business environment. The VS curve for a meteorological forecast is specified by a function of the various profit/loss ratios, providing the scaled economic value relative to the value of a perfect forecast. The proposed valuation method based on the profit/loss ratio model and the VS is adapted for hypothetical sets of forecasts and verified for site-specific probability of precipitation forecast of 12 hour and 24 hour-lead time, which is generated from Korea meteorological administration (KMA). The application results show that forecast information with shorter lead time can provide the decision-makers with great benefits and there are ranges of profit/loss ratios in which high subjective reliability of the given forecast is preferred.

Probabilistic Risk Assessment for Construction Projects (건설공사의 확률적 위험도분석평가)

  • 조효남;임종권;김광섭
    • Proceedings of the Computational Structural Engineering Institute Conference
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    • 1997.10a
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    • pp.24-31
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    • 1997
  • Recently, in Korea, demand for establishment of systematic risk assessment techniques for construction projects has increased, especially after the large construction failures occurred during construction such as New Haengju Bridge construction projects, subway construction projects, gas explosion accidents etc. Most of existing risk analysis modeling techniques such as Event Tree Analysis and Fault Tree Analysis may not be available for realistic risk assessment of construction projects because it is very complex and difficult to estimate occurrence frequency and failure probability precisely due to a lack of data related to the various risks inherent in construction projects like natural disasters, financial and economic risks, political risks, environmental risks as well as design and construction-related risks. Therefor the main objective of this paper is to suggest systematic probabilistic risk assessment model and demonstrate an approach for probabilistic risk assessment using advanced Event Tree Analysis introducing Fuzzy set theory concepts. It may be stated that the Fuzzy Event Tree AnaIysis may be very usefu1 for the systematic and rational risk assessment for real constructions problems because the approach is able to effectively deal with all the related construction risks in terms of the linguistic variables that incorporate systematically expert's experiences and subjective judgement.

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Spectrum Sensing Under Uncertain Channel Modeling

  • Biglieri, Ezio
    • Journal of Communications and Networks
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    • v.14 no.3
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    • pp.225-229
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    • 2012
  • We examine spectrum sensing in a situation of uncertain channel model. In particular, we assume that, besides additive noise, the observed signal contains an interference term whose probability distribution is unknown, and only its range and maximum power are known. We discuss the evaluation of the detector performance and its design in this situation. Although this paper specifically deals with the design of spectrum sensors, its scope is wider, as the applicability of its results extends to a general class of problems that may arise in the design of receivers whenever there is uncertainty about how to model the environment in which one is expected to operate. The theory expounded here allows one to determine the performance of a receiver, by combining the available (objective) probabilistic information with (subjective) information describing the designer's attitude.

New Cellular Neural Networks Template for Image Halftoning based on Bayesian Rough Sets

  • Elsayed Radwan;Basem Y. Alkazemi;Ahmed I. Sharaf
    • International Journal of Computer Science & Network Security
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    • v.23 no.4
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    • pp.85-94
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    • 2023
  • Image halftoning is a technique for varying grayscale images into two-tone binary images. Unfortunately, the static representation of an image-half toning, wherever each pixel intensity is combined by its local neighbors only, causes missing subjective problem. Also, the existing noise causes an instability criterion. In this paper an image half-toning is represented as a dynamical system for recognizing the global representation. Also, noise is reduced based on a probabilistic model. Since image half-toning is considered as 2-D matrix with a full connected pass, this structure is recognized by the dynamical system of Cellular Neural Networks (CNNs) which is defined by its template. Bayesian Rough Sets is used in exploiting the ideal CNNs construction that synthesis its dynamic. Also, Bayesian rough sets contribute to enhance the quality of the halftone image by removing noise and discovering the effective parameters in the CNNs template. The novelty of this method lies in finding a probabilistic based technique to discover the term of CNNs template and define new learning rules for CNNs internal work. A numerical experiment is conducted on image half-toning corrupted by Gaussian noise.

The Effects of the Consumers' Beliefs of Seafood Certifications on The Behavioral Intention Biases in Making Certified Product purchases : Focused on Seasoned Laver (수산식품인증제도에 대한 소비자 신념이 구매의도 편향성에 미치는 영향:조미김을 사례로)

  • Park, Jeong-A;Jang, Young-Soo
    • The Journal of Fisheries Business Administration
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    • v.47 no.3
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    • pp.71-92
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    • 2016
  • This study examines the effects of consumer beliefs for food certifications on the behavioral intentions and the behavioral intention biases to purchase the certified seafoods by a subjective probability model which is on the basis of the mathematical probability model and the covariance model. The food certifications used on this study are 'Organic foods', 'Traceability system of food products' and. 'HACCP'. The representative foods of fishery products on this study is seasoned laver. The current study showed the following results. First, consumers have more than two different beliefs each for all certifications which are the subjects of this study. The beliefs of the certifications have an impact on the consumers when they consider to buy the certified seafood products. Second, consumers try to persuade by themselves to ensure that their particular belief about the certification could lead to a purchase the seafood products. Consumer beliefs of the "environmentally friendly production" on the organic foods certification is an important factor as much as the "guarantee of food safety" belief making a positive purchasing behavior intentions(PBI) bias for the organic seafood products. Consumers also have a positive PBI bias for certified seafood products in all certifications as long as a certification is considered to "guarantee the transparency of the food distribution process" as its belief. 'Traceability system' was the only one which didn't generate a positive PBI bias from the belief of "guarantee of food safety" out of three certifications.

A Case Study on Risk Analysis of Large Construction Projects (건설공사를 위한 위험분석기법 사례연구)

  • Kim Chang Hak;Park Seo Young;Kwak Joong Min;Kang In-Seok
    • Proceedings of the KSR Conference
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    • 2004.06a
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    • pp.1155-1162
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    • 2004
  • This research proposes a new risk analysis method in order to guarantee successful performance of construction projects. The proposed risk analysis methods consists of four phases. First step, AHP model can help contractors decide whether or not they bid for a project by analysing risks involved in the project. Second step, the influence diagraming, decision tree and Monte Carlo simulation are used as tools to analyze and evaluate project risks quantitatively. Third step, Monte Carlo simulation is used to assess risk for groups of activities with probabilistic branching and calendars. Finally, Fuzzy theory suggests a risk management method for construction projects, which is using subjective knowledge of an expert and linguistic value, to analyze and quantify risk. The result of study is expected to improve the accuracy of risk analysis because three factors, such as probability, impact and exposure, for estimating membership function are introduced to quantify each risk factor. Consequently, it will help contractors identify risk elements in their projects and quantify the impact of risk on project time and cost.

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