• Title/Summary/Keyword: Utility Function

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비동조적 효용함수 가정시의 최적환경세율에 대한 연구: 계산적 일반균형(CGE) 시뮬레이션을 통한 접근

  • Kim, Sang-Gyeom
    • KDI Journal of Economic Policy
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    • v.24 no.2
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    • pp.53-82
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    • 2002
  • Earlier papers, regarding this topic, have shown that the optimal environmental tax rate under the second best situation typically smaller than that under the first best world, the well known Pigouvian tax. This paper casts a doubt on the generality of this result, since the conclusion was derived from the models which employed rather strict assumptions on the utility function, which is homothetic and separable. This paper, with simple-static CGE model, shows that the result of earlier studies is sensitive to the assumption on the utility function. According to the simulation results, as previous studies pointed out, if the utility function is assumed to be homothetic, the optimal environmental tax rate is smaller than the Pigouvian tax. In contrast, if certain type of non-homotheticity is allowed, the optimal environmental tax rate could be greater than the Pigouvian tax. The results of this simulation also imply that the enlargement of environmental tax base could enhance the efficiency of overall tax system. Hence, there will be a less burden to share for the tax authority from the policy change.

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Determination of a Multiattribute Utility Function Based on the Pairwise Comparison and the Application to Injection Molding Design (쌍대비교에 기초한 다속성 효용함수의 결정 및 사출성형설계에 대한 응용)

  • 박종천;김경모
    • Transactions of Materials Processing
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    • v.12 no.5
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    • pp.465-472
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    • 2003
  • Engineering design can be viewed as a decision making process, which involves the nonlinear tradeoffs task among the multiple conflicting attributes and considers the robustness of design. In order to obtain best engineering design, methodology for accurate assessment of his/her preference about the multiple attributes is required. Conventionally, intuitive procedures based on lottery questions are used to elicit the designer's preference structure: however, they can lead to inconsistent and inexact preference results due to the rank reversal problems derived from the designer's big cognitive burden. In this paper, alternatively, a design methodology based on multiattribute utility function through the pairwise comparison among alternatives is presented. The proposed procedure is applied to an actual injection mold design with the aid of the CAE simulation and the result is discussed.

Dynamic rt-VBR Traffic Characterization using Sub-Sum Constraint Function (Sub-Sum Constraint Function을 이용한 동적 실시간 VBR 트래픽 특성화)

  • 김중연;정재일
    • Proceedings of the IEEK Conference
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    • 2000.11a
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    • pp.217-220
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    • 2000
  • This paper studies a real-time VBR traffic characterization. There are two big approaches to determine traffic. One is a statistic approach and the other is a deterministic approach. This paper proposes a new constraint function, what we called “Sub-Sum Constraint Function”(SSCF). This function is mainly based on a deterministic approach and uses a statistic approach. It predicts and calculates the next rate with a present information about the stream. SSCF captures the intuitive bounded by a rate lower than its peak rate and closer to its long-term average rate. This model makes a order of the constraint function much less than any other works (O(n)). It can also be mapped on a token bucket algorithm which consists of r (token rate) and b (token depth). We use a concept, EB(effective bandwidth) for a utility of our function and comparing with other techniques such as CBR, average VBR. We simulated 21 multimedia sources for verifying the utility of our function.

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Estimation of the DMT Utility Function Using SP Survey (SP 조사기법을 이용한 화물별 DMT(Dual Mode Trailer) 효용함수 추정)

  • Lee, Kang-Won;Kook, Kwang-Ho;Jang, Sung-Young
    • Journal of the Korean Society for Railway
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    • v.12 no.3
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    • pp.348-356
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    • 2009
  • The objective of this paper is to estimate the DMT utility function for the transportation mode choice using SP survey. With the freight OD data the estimated utility function can be used as a basic data for forecasting DMT market. 3 alternatives of transportation mode are considered in SP survey; railway, road and DMT. The utility functions are developed according to the freight items, which are container, steel and chemical product. In this study the attribute variable are chosen as time, cost and reliability. The number of level for attribute variables are 3. The high valve is determined as +10% above the standard and the low value -20% below the standard.

Opportunistic Scheduling Schemes for Elastic Services in OFDMA Systems (OFDMA 시스템에서 Elastic 서비스를 위한 Opportunistic 스케줄링 기법)

  • Kwon, Jeong-Ahn;Lee, Jang-Won
    • The Journal of Korean Institute of Communications and Information Sciences
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    • v.34 no.1A
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    • pp.76-83
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    • 2009
  • In this paper, we provide opportunistic scheduling schemes for elastic services in OFDMA systems with fairness constraints for each user. We adopt the network utility maximization framework in which a utility function is defined for each user to represent its level of satisfaction to the service. Since we consider elastic services whose degree of satisfaction depends on its average data rate, we define the utility function of each user as a function of its average data rate. In addition, for fair resource allocation among users, we define fairness requirements of each user by using utility functions. We first formulate an optimization problem for each fairness requirement that aim at maximizing network utility, which is defined as the sum of utilities of users. We then develop an opportunistic scheduling scheme for each fairness requirement by solving the problem using a dual approach and a stochastic sub-gradient algorithm.

Analysis of IEC 61727 Photovoltaic (PV) systems Characteristics of the utility interface

  • Lee, Jeong Hyeon;Yoon, Yong Ho;Kim, Jae Moon
    • International Journal of Internet, Broadcasting and Communication
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    • v.7 no.2
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    • pp.90-95
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    • 2015
  • This paper describes IEC 61727 standard of Photovoltaic (PV) systems -Characteristics of the utility interface. IEC 61727 standard tests include utility compatibility and personnel safety and equipment protection of PV inverter performance functions. Especially utility compatibility part includes test items of 1) voltage, current and frequency, 2) normal voltage operating range, 3) flicker, 4) DC injection, 5) normal frequency operating range, 6) harmonics and 7) waveform distortion, 8) power factor of PV inverter. Also personnel safety and equipment protection part includes test items 1)loss of utility voltage, 2)over/under voltage and frequency, 3)Islanding protection, 4)response to utility recovery, 5)earthing, 6)short circuit protection, 7)Isolation and switching of PV inverter. In this paper, each item of IEC 61727 standard test is studied and analyzed and finally full tested by PV inverter performance function.

Robust Design Methodology for Utility Dependent Design Attributes (효용 종속인 설계 속성의 강건설계)

  • Kim, Kyung-Mo
    • Journal of the Korean Society of Manufacturing Process Engineers
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    • v.20 no.12
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    • pp.92-99
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    • 2021
  • The ever-growing demand for enhanced competitiveness of engineered systems require designing in quality strategies that can efficiently incorporate multiple design attributes into a system. In a robust design, there must be consideration for any uncontrollable factors that should not be disregarded in the design process. Studies on multi-attribute design challenges usually assume mutual utility independence amongst the design attributes. However, mutual utility independence does not exist in every design situation. In this study, a new robust design methodology that has two utility-dependent attributes are presented. The proposed method was then compared with a traditional robust design that utilizes a wave soldering process design. The results of this case study indicate that the proposed method yields a better solution than the traditional method.

Declining Japanese Yen in the Changing International Monetary System

  • Ogaw, Eiji;Muto, Makoto
    • East Asian Economic Review
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    • v.21 no.4
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    • pp.317-342
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    • 2017
  • The US dollar has kept as a position of key currency in the global economy in the changing international monetary system where the euro was introduced to some states of the EU in 1999. It is an evidence of inertia of the US dollar as a key currency. Our previous study (Ogawa and Muto, 2017b) conducted empirical analysis to investigate effects of several events on inertia of the US dollar. One of our findings was that the introduction of the euro increased utility of euro while utility of US dollar was kept unchanged. This paper examines the effects of the global financial crisis and the euro zone crisis as well as the introduction of the euro on the utility of the Japanese yen. The introduction of the euro significantly decreased the utility of the Japanese yen. It indicates that the introduction of the euro increased the utility of the euro while reducing the utility of the Japanese yen rather than the utility of the US dollar. The utility of the Japanese yen has significantly decreased while the global financial crisis and the euro zone crisis occurred. The Japanese yen has a declining trend in terms of its utility over time in the changing international monetary system.

An Optimal Framework of Video Adaptation and Its Application to Rate Adaptation Transcoding

  • Kim, Jae-Gon;Wang, Yong;Chang, Shih-Fu;Kim, Hyung-Myung
    • ETRI Journal
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    • v.27 no.4
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    • pp.341-354
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    • 2005
  • The adaptation of video according to the heterogeneous and dynamic resource constraints on networks and devices, as well as on user preferences, is a promising approach for universal access and consumption of video content. For optimal adaptation that satisfies the constraints while maximizing the utility that results from the adapted video, it is necessary to devise a systematic way of selecting an appropriate adaptation operation among multiple feasible choices. This paper presents a general conceptual framework that allows the formulation of various adaptations as constrained optimization problems by modeling the relations among feasible adaptation operations, constraints, and utilities. In particular, we present the feasibility of the framework by applying it to a use case of rate adaptation of MPEG-4 video with an explicit modeling of adaptation employing a combination of frame dropping and discrete cosine transform coefficient dropping, constraint, utility, and their mapping relations. Furthermore, we provide a description tool that describes the adaptation-constraint-utility relations as a functional form referred to as a utility function, which has been accepted as a part of the terminal and network quality of service tool in MPEG-21 Digital Item Adaptation (DIA).

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Impact Analysis of Partition Utility Score in Cluster Analysis (군집분석의 분할 유용도 점수의 영향 분석)

  • Lee, Gye Sung
    • The Journal of the Convergence on Culture Technology
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    • v.7 no.3
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    • pp.481-486
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    • 2021
  • Machine learning algorithms adopt criterion function as a key component to measure the quality of their model derived from data. Cluster analysis also uses this function to rate the clustering result. All the criterion functions have in general certain types of favoritism in producing high quality clusters. These clusters are then described by attributes and their values. Category utility and partition utility play an important role in cluster analysis. These are fully analyzed in this research particularly in terms of how they are related to the favoritism in the final results. In this research, several data sets are selected and analyzed to show how different results are induced from these criterion functions.