• Title/Summary/Keyword: Trade-Off Theory

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RC structural system control subjected to earthquakes and TMD

  • Jenchung Shao;M. Nasir Noor;P. Ken;Chuho Chang;R. Wang
    • Structural Engineering and Mechanics
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    • v.89 no.2
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    • pp.213-223
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    • 2024
  • This paper proposes a composite design of fuzzy adaptive control scheme based on TMD RC structural system and the gain of two-dimensional fuzzy control is controlled by parameters. Monitoring and learning in LMI then produces performance indicators with a weighting matrix as a function of cost. It allows to control the trade-off between the two efficiencies by adjusting the appropriate weighting matrix. The two-dimensional Boost control model is equivalent to the LMI-constrained multi-objective optimization problem under dual performance criteria. By using the proposed intelligent control model, the fuzzy nonlinear criterion is satisfied. Therefore, the data connection can be further extended. Evaluation of controller performance the proposed controller is compared with other control techniques. This ensures good performance of the control routines used for position and trajectory control in the presence of model uncertainties and external influences. Quantitative verification of the effectiveness of monitoring and control. The purpose of this article is to ensure access to adequate, safe and affordable housing and basic services. Therefore, it is assumed that this goal will be achieved in the near future through the continuous development of artificial intelligence and control theory.

Design and Fabrication of Coaxial Rotorcraft-typed Micro Air Vehicle for Indoor Surveillance and Reconnaissance (실내감시정찰용 동축반전 헬리콥터형 미세비행체 설계 및 제작)

  • Byun, Young-Seop;Shin, Dong-Hwan;An, Jin-Ung;Song, Woo-Jin;Kim, Jeong;Kang, Beom-Soo
    • Journal of the Korean Society for Precision Engineering
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    • v.28 no.12
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    • pp.1388-1396
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    • 2011
  • This paper is focused on the procedure of the development of a micro air vehicle which has vertical take-off and landing capability for indoor reconnaissance mission. Trade studies on mission feasibility led to the proposal of a coaxial rotorcraft configuration as the platform. The survey to provide a guide for preliminary design were conducted based on commercial off-the-shelf platform, and the rotor performance was estimated by the simple momentum theory. To determine the initial size of the micro air vehicle, the modified conventional fuel balance method was applied to adopt for electric powered vehicle, and the sizing problem was optimized with the sequential quadratic programming method using MATLAB. The designed rotor blades were fabricated with high strength carbon composite material and integrated with the platform. The developed coaxial rotorcraft micro air vehicle shows stable handling quality with manual flight test in indoor situation.

The Characteristics of Financial Structure for Fisheries Corporations (어선어업 경영체의 재무구조 특성)

  • 강석규;정형찬
    • The Journal of Fisheries Business Administration
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    • v.28 no.2
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    • pp.1-18
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    • 1997
  • The purpose of this study is to investigate empirically the characteristics of financial structure by using 76 fisheries corporations in Korea, and to suggest implications of the empirical results for government's financial policy for fisheries corporations. For the empirical test, we choose the following factors as the explanatory variables of cross-sectional regression analysis:firm-size(SIZE), collateral value of assets(TFATA), business risk(BRISK), growth(GROWTH), effective tax(ET), profitability(PROFIT). Two different debt ratios are used as dependent variables. One is defined as the ratio of total debt to total assets and the other is as that of long-term debt to total asset in terms of book value. The sample consists of 76 fisheries firms and sample period is 14 years from 1982 till 1995. From the results of cross-sectional regression analysis, the adjusted R$^2$values were high, 16∼79% and the overall F values indicated to be statistically significant. The results of cross sectional regression analysis show that the characteristics of financial structure fur fisheries corporations are as follows ; (1) Firm-size and collateral value of assets are the major factors of financial structure for fisheries corporations. That is, the larger firm-size the higher is debt ratio. This means that financial institutions conventionally lend more collateral loans with fixed assets like land, building rather than management capacities or credits. (2) To be consistent with a pecking-order theory, the higher is profitability the lower is debt ratio in fisheries corporations. (3) Corporations with high effective tax rate have lower financial leverage. Although the empirical results are inconsistent with traditional static trade-off theory, we think it would be attributed to government's various tax shelterings for fisheries which are likely to reduce tax shield effect of interests.

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Efficient Spectrum Sensing Based on Evolutionary Game Theory in Cognitive Radio Networks (인지무선 네트워크에서 진화게임을 이용한 효율적인 협력 스펙트럼 센싱 연구)

  • Kang, Keon-Kyu;Yoo, Sang-Jo
    • The Journal of Korean Institute of Communications and Information Sciences
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    • v.39B no.11
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    • pp.790-802
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    • 2014
  • In cognitive radio technology, secondary users can determine the absence of PU by periodic sensing operation and cooperative sensing between SUs yields a significant sensing performance improvement. However, there exists a trade off between the gains in terms of probability of detection of the primary users and the costs of false alarm probability. Therefore, the cooperation group must maintain the suitable size. And secondary users should sense not only the currently using channels and but also other candidates channel to switch in accordance with sudden appearance of the primary user. In this paper, we propose an effective group cooperative sensing algorithm in distributed network situations that is considering both of inband and outband sensing using evolutionary game theory. We derived that the strategy group of secondary users converges to an ESS(Evolutionary sable state). Using a learning algorithm, each secondary user can converge to the ESS without the exchange of information to each other.

An Efficient Multi-Attribute Negotiation System using Learning Agents for Reciprocity (상호 이익을 위한 학습 에이전트 기반의 효율적인 다중 속성 협상 시스템)

  • Park, Sang-Hyun;Yang, Sung-Bong
    • The KIPS Transactions:PartD
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    • v.11D no.3
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    • pp.731-740
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    • 2004
  • In this paper we propose a fast negotiation agent system that guarantees the reciprocity of the attendants in a bilateral negotiation on the e-commerce. The proposednegotiation agent system exploits the incremental learning method based on an artificial neural network in generating a counter-offer and is trained by the previous offer that has been rejected by the other party. During a negotiation, the software agents on behalf of a buyer and a seller negotiate each other by considering the multi-attributes of a product. The experimental results show that the proposed negotiation system achieves better agreements than other negotiation agent systems that are operated under the realistic and practical environment. Furthermore, the proposed system carries out negotiations about twenty times faster than the previous negotiation systems on the average.

Comparison and Analysis of Techniques for Achieving Azimuth Resolution of Imaging Radar (영상레이다의 방위 해상도 구현기법 비교 분석)

  • Hong, In-Pyo;kim, Nam
    • The Journal of Korean Institute of Electromagnetic Engineering and Science
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    • v.8 no.2
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    • pp.185-196
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    • 1997
  • By considering the definition and application of resolution as well as the concept and theory of SAR, the essential contents of the SAR design and analysis are described. This paper is to compare and analyze the resolution performance capability of three techniques for achieving azimuth resolution such as the real aperture, the unfocused and the focused techniques, through the simulation. Simulation is performed to make the restricted conditions for the unfocused technique that can be implemented by the less commputing load of signal processingand the lower cost. Through the mission analysis, the use of SAR image can be applied for estimation of whole situation at the regional area in the field of military demands for tactical purpose as well as civilian demands for the damage of disaster. RPV and sall or medium aircraft are selected to carry the SAR for these purposes and the proper resolution turns ou 5~15 m. The trade-off study of variables through the simulations results in the proper conditions such that range is less 3, 000 m, Wavelength is 1~10 m, and the raw signals and results processed by three techniques for two point targets are exhibited undr such conditions. Therefore, at some points, the result of this paper si proposed for useful applications of unforcused technique in the restricted conditions except the identification of the small target at a long range re- quired for high resolution.

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Developing a comprehensive model of the optimal exploitation of dam reservoir by combining a fuzzy-logic based decision-making approach and the young's bilateral bargaining model

  • M.J. Shirangi;H. Babazadeh;E. Shirangi;A. Saremi
    • Membrane and Water Treatment
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    • v.14 no.2
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    • pp.65-76
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    • 2023
  • Given the limited water resources and the presence of multiple decision makers with different and usually conflicting objectives in the exploitation of water resources systems, especially dam's reservoirs; therefore, the decision to determine the optimal allocation of reservoir water among decision-makers and stakeholders is a difficult task. In this study, by combining a fuzzy VIKOR technique or fuzzy multi-criteria decision making (FMCDM) and the Young's bilateral bargaining model, a new method was developed to determine the optimal quantitative and qualitative water allocation of dam's reservoir water with the aim of increasing the utility of decision makers and stakeholders and reducing the conflicts among them. In this study, by identifying the stakeholders involved in the exploitation of the dam reservoir and determining their utility, the optimal points on trade-off curve with quantitative and qualitative objectives presented by Mojarabi et al. (2019) were ranked based on the quantitative and qualitative criteria, and economic, social and environmental factors using the fuzzy VIKOR technique. In the proposed method, the weights of the criteria were determined by each decision maker using the entropy method. The results of a fuzzy decision-making method demonstrated that the Young's bilateral bargaining model was developed to determine the point agreed between the decisions makers on the trade-off curve. In the proposed method, (a) the opinions of decision makers and stakeholders were considered according to different criteria in the exploitation of the dam reservoir, (b) because the decision makers considered the different factors in addition to quantitative and qualitative criteria, they were willing to participate in bargaining and reconsider their ideals, (c) due to the use of a fuzzy-logic based decision-making approach and considering different criteria, the utility of all decision makers was close to each other and the scope of bargaining became smaller, leading to an increase in the possibility of reaching an agreement in a shorter time period using game theory and (d) all qualitative judgments without considering explicitness of the decision makers were applied to the model using the fuzzy logic. The results of using the proposed method for the optimal exploitation of Iran's 15-Khordad dam reservoir over a 30-year period (1968-1997) showed the possibility of the agreement on the water allocation of the monthly total dissolved solids (TDS)=1,490 mg/L considering the different factors based on the opinions of decision makers and reducing conflicts among them.

Determinants of Capital Structure in KOSDAQ Firms (코스닥 기업의 자본구조 결정요인: 동태적 자본구조 모형을 중심으로)

  • Son, Seung-Tae;Lee, Yoon-Goo
    • The Korean Journal of Financial Management
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    • v.24 no.1
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    • pp.109-147
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    • 2007
  • According to the perspective of capital structure theory, we analyzed the dynamism of the capital structure determinants by using panel data of 244 KOSDAQ firms based on two-step GMM system methodology suggested by Blundell Bond(1998). This dynamic methodology had not been used to analyse capital structure determinants in Korea. In the dynamic model of capital structure, profit had negative effect on the book leverage and market leverage, which meant supporting pecking order theory. Growth opportunity (MBR) affected negatively to the market leverage. For the determinants of leverage, earnings volatility had significantly positive effect on KOSDAQ 50 firms. KOSDAQ and KOSDAQ 50 firms had the target leverage. The adjustment speed in KOSDAQ firms was 0.4958 on the book leverage, it was faster than in KOSDAQ 50 firm's 0.2863 on the book leverage and the adjustment speeds for the market leverage were 0.7651 for KOSDAQ firms and 0.5643 for KOSDAQ 50 firms. There was difference in adjustment cost between KOSDAQ firms and KOSDAQ 50 firms.

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The Changes and Determinants of Cash Holdings of Korean Manufacturing Firms (한국제조기업의 현금보유의 변화와 결정요인에 관한 연구)

  • Shin, Dong-Ryung
    • The Korean Journal of Financial Management
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    • v.25 no.3
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    • pp.1-32
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    • 2008
  • This study examines the changes and determinants of cash to assets ratios(cash ratios) by analyzing 14,016 Korean manufacturing firms sample for the period of $1999{\sim}2004$. The major findings can be summarized as follows. First, the average cash ratios for Korean manufacturing firms have increased from 4.7 percent of 1999 to 5.2 percent of 2004. In addition, the average cash holdings per firm also have increased from 4.3 billion Won to 8.0 billion Won during the same period. However, the capital expenditures relative to cash ratios or operating cash flow have decreased significantly, confirming the notion that physical investment of Korean manufacturing sector has been shrinking recently. Second, in regression tests with panel data, the coefficients of target adjustment variables show the expected negative signs, but coefficients of the deficit of fund variables show the unexpected positive signs. Thus, the evidence seems to be supportive of static tradeoff model of cash holdings. Third, in regression tests to find the determinants of cash ratios, most of the variables show similar results as the previous studies. However, in terms of adjusted coefficient of determination and F-statistic, the firm-characteristic variables suggested by static trade-off theory have more explanatory power than the variables suggested by pecking order theory.

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The Effects of Economic Conditions on Capital Structure : Evidence from Korean Shipping Firms (경기변화를 고려한 해운기업의 자본구조에 관한 실증연구)

  • Lee, Sung-Yhun
    • Journal of Navigation and Port Research
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    • v.40 no.6
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    • pp.451-458
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    • 2016
  • Since Modigliani and Miller developed their theory of capital structure in 1958, it has become one of the most debated issues in corporate management. This is because the capital structure decision necessarily affects financial risk and the firm's value. Throughout the research, one of the most concerning problems is determining what factors influence the firm's capital structure. Since Korean shipping firms have been suffering from a long term economic recession, an optimal capital structure has become increasingly critical to survive in the shipping industry. This paper studies panel data on 46 Korean shipping companies since 2000 to find the factors that affect capital structure. The results suggest that a negative relationship arises between firm size, tangible assets, profitability and non-debt tax shields against leverage. Otherwise, it proved that growth opportunity has a positive relationship with the firm's leverage. In the research model during a booming shipping economy, growth opportunity and non-debt tax shield are not associated with firm's capital structure.