• Title/Summary/Keyword: Utility Maximization

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Utility-Based Video Adaptation in MPEG-21 for Universal Multimedia Access (UMA를 위한 유틸리티 기반 MPEG-21 비디오 적응)

  • 김재곤;김형명;강경옥;김진웅
    • Journal of Broadcast Engineering
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    • v.8 no.4
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    • pp.325-338
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    • 2003
  • Video adaptation in response to dynamic resource conditions and user preferences is required as a key technology to enable universal multimedia access (UMA) through heterogeneous networks by a multitude of devices In a seamless way. Although many adaptation techniques exist, selections of appropriate adaptations among multiple choices that would satisfy given constraints are often ad hoc. To provide a systematic solution, we present a general conceptual framework to model video entity, adaptation, resource, utility, and relations among them. It allows for formulation of various adaptation problems as resource-constrained utility maximization. We apply the framework to a practical case of dynamic bit rate adaptation of MPEG-4 video streams by employing combination of frame dropping and DCT coefficient dropping. Furthermore, we present a descriptor, which has been accepted as a part of MPEG-21 Digital Item Adaptation (DIA), for supporting terminal and network quality of service (QoS) in an interoperable manner. Experiments are presented to demonstrate the feasibility of the presented framework using the descriptor.

The mathematical backups in the option pricing theory

  • 김주홍
    • Proceedings of the Korean Society of Computational and Applied Mathematics Conference
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    • 2003.09a
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    • pp.10-10
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    • 2003
  • Option pricing theory developed by Black and Sholes depends on an arbitrage opportunity argument. An investor can exactly replicate the returns to any option on that stock by continuously adjusting a portfolio consisting of a stock and a riskless bond. The value of the option equal the value of the replicating portfolio. However, transactions costs invalidate the Black-Sholes arbitrage argument for option pricing, since continuous revision implies infinite trading, Discrete revision using Black-Sholes deltas generates errors which are correlated with the market, and do not approach zero with more frequent revision when transactions costs are included. Stochastic calculus serves as a fundamental tool in the mathematical finance. We closely look at the utility maximization theory which is one of the main option valuation methods. We also see that how the stochastic optimal control problems and their solution methods are applied to the theory.

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A Model Specification for the Household Demand for Credit (가계의 신용 수요 모형 설정에 관한 연구)

  • 최현자
    • Korean Journal of Rural Living Science
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    • v.6 no.2
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    • pp.173-183
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    • 1995
  • On the basis of intertemporal utility maximization theory and stock-adjustment hypothesis, a multivariate stock-adjustment credit demand model, which included on- and cross-adjustment effects of credit and cross-adjustment effects of assets was developed. With weighted four-year panel data from 1983 and 1986 Surveys of Consumer Finances, the theoretical model was tested using two-stage estimation method for tobit model. The results supported the hypothesis that, in general, the household demand for a certain type of credit was related to the demand for other types of credit and asset components in the portfolio. The household demand for mortgage credit, installment credit and revolving credit card debt depended not only on the disequilibrium of itself but on the disequilibrium of the other types of credit and asset components in the portfolio. The household demand for non-installment credit was related not to the disequilibrium of itself and other types of credit but to the disequilibria of asset components in the portfolio.

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A Substitution Model of the Evolutionary Generations of Technological Products (기술적 진화재의 대체모형)

  • 임종인;오형식
    • Journal of the Korean Operations Research and Management Science Society
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    • v.18 no.3
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    • pp.113-127
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    • 1993
  • In this study, a substitution model of the evolutionary generations of technological products is presented. The purpose of the model is to examine the demand side mechanisms which generate successive product life cycles along the path of technological improvements. In the model, the nature of substitution processes is summarized dto the demand function which is derived from the consumer's udtility maximization problem. To describe the nature of technological substitution processes, the concept of the vertical differentiation and the consumption externalities are considered in the utility function. The former is used to characterize the result of technological improvement and the latter is used in explaining the inertia of demand. To show the validity of the model, an empirical study is carried out using the data of the world DRAM market.

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Hybrid Pulse Width Modulation Strategy for Wide Speed Range in IPMSM with Low Cost Drives

  • Ahn, Han-woong;Go, Sung-chul;Lee, Ju
    • Journal of Electrical Engineering and Technology
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    • v.11 no.3
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    • pp.670-674
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    • 2016
  • The control performance of hybrid PWM inverter using a phase current measurement is presented in this paper. The hybrid PWM technique consists of space vector pulse width modulation (SVPWM) and six-step voltage control operation. The SVPWM is performed to reduce the harmonic components in the low speed region, and the six-step modulation is applied to increase the maximum speed of the IPMSM in the high speed region. Therefore, it is possible to obtain a great performance in both the low speed range and high speed range. However, the six-step modulation cannot be completely implemented, since the inverter that includes the lag-shunt sensing method has an immeasurable current region. In this paper, a quasi-six-step modulation using a modified voltage vector is proposed. The validity and usefulness of the proposed PWM technique is verified by MATLAB/Simulink and experimental results.

A Study on The Space Composition of Shop and Customer Circulation System in Department Store (백화점 매장공간의 구성과 고객동선체계에 관한 연구)

  • 황영섭;임채진
    • Proceedings of the Korean Institute of Interior Design Conference
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    • 1999.04a
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    • pp.31-36
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    • 1999
  • The concept of Customer Circulation of department stores is translated into one of the most critical factors in their survival strategy, that is the strategy of service-differentiation and efficiency- maximization of shopping floors' unit area. Considering that the Customer Circulation affects the attractiveness of a department store and ultimately the number of shoppers, misunderstanding of it merely as one of the interior factors is highly likely to lead to lowered utility of each shopping floor. In this respect, the objective of this paper lies in identifying and analysing unique features of shoppers' spacial behaviors and eventually in proposing more efficient drawing of the Customer Circulation.

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A Study on the Behavioral Analysis of Workers using Disaggregate Behavioral Model (개별행태모형을 이용한 통근인구의 교통행동분석에 관한 연구)

  • 배영석
    • Journal of Korean Society of Transportation
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    • v.14 no.4
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    • pp.31-48
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    • 1996
  • This paper develops a disaggregate model system for travel behavior of workers in a metropolitan area. We attempt to develop a set of models for predicting trip generation type, trip purpose, destination, mode choices in each trip on the way from work to home by using the concept of utility maximization of base-to-base tour. The model incorporates the concept that decisions of a trip in a trip in a travel tour depend on decisions of the trips having been made before and decisions of trip planned after of this trip, as well as on current trip conditions. As the structure of the model, the nested logit model is used to avoid a simultaneous model's complexity. The data to be used for estimating the model system are from the person trip survey which was carried out in 1981 in Nagoya metropolitan. Empirical tests of the model for Nagoya metropolitan area show encouraging results and prove the validity of the assumption of this model.

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Optimal Link Allocation and Revenue Maximization

  • Joutsensalo, Jyrki;Hamalainen, Timo
    • Journal of Communications and Networks
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    • v.4 no.2
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    • pp.136-147
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    • 2002
  • In this paper, the maximal capacity of the data network link has attempted to be exploited by using the dynamic allocation strategy. We propose a new methodology based on the economic models for competing traffic classes (classes of sessions) in packet networks. As the demand for network services accelerates, users' satisfaction to the service level might decrease due to the congestion at the network nodes. To prevent this, efficient allocation of a networks resources, such as available bandwidth and switch capacity, is needed. By using the so-called user profile as well as the utility (e.g., data rate) functions, it is possible to allocate data rates and other utilities using the arbitrary number of QoS classes, say $0.01,...,$10.

The Scheduling Problem in Wireless Networks

  • Pantelidou, Anna;Ephremides, Anthony
    • Journal of Communications and Networks
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    • v.11 no.5
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    • pp.489-499
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    • 2009
  • We describe the fundamental issue of scheduling the allocation of wireless network resources and provide several formulations of the associated problems. The emphasis is on scheduling transmission attempts. We place this problem in the context of existing approaches, like information theoretic and traditional network theoretic ones, as well as novel avenues that open up the possibility of addressing this issue for non-stationary and non-ergodic environments. We summarize concrete recent results for specific special cases that include unicast and multicast traffic, different objective functions, and reduced complexity versions of the problem. We conclude with some thoughts for future work. We identify and single out the cross-layer nature of the problem and include a simple physical-layer criterion in what is mostly a medium access control (MAC) problem.

Cross-Layer Resource Allocation in Multi-interface Multi-channel Wireless Multi-hop Networks

  • Feng, Wei;Feng, Suili;Zhang, Yongzhong;Xia, Xiaowei
    • ETRI Journal
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    • v.36 no.6
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    • pp.960-967
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    • 2014
  • In this paper, an analytical framework is proposed for the optimization of network performance through joint congestion control, channel allocation, rate allocation, power control, scheduling, and routing with the consideration of fairness in multi-channel wireless multihop networks. More specifically, the framework models the network by a generalized network utility maximization (NUM) problem under an elastic link data rate and power constraints. Using the dual decomposition technique, the NUM problem is decomposed into four subproblems - flow control; next-hop routing; rate allocation and scheduling; power control; and channel allocation - and finally solved by a low-complexity distributed method. Simulation results show that the proposed distributed algorithm significantly improves the network throughput and energy efficiency compared with previous algorithms.