• Title/Summary/Keyword: equilibrium factor

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Mathematical Model for Revenue Management with Overbooking and Costly Price Adjustment for Hotel Industries

  • Masruroh, Nur Aini;Mulyani, Yun Prihantina
    • Industrial Engineering and Management Systems
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    • v.12 no.3
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    • pp.207-223
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    • 2013
  • Revenue management (RM) has been widely used to model products characterized as perishable. Classical RM model assumed that price is the sole factor in the model. Thus price adjustment becomes a crucial and costly factor in business. In this paper, an optimal pricing model is developed based on minimization of soft customer cost, one kind of price adjustment cost and is solved by Lagrange multiplier method. It is formed by expected discounted revenue/bid price integrating quantity-based RM and pricing-based RM. Quantity-based RM consists of two capacity models, namely, booking limit and overbooking. Booking limit, built by assuming uncertain customer arrival, decides the optimal capacity allocation for two market segments. Overbooking determines the level of accepted order exceeding capacity to anticipate probability of cancellation. Furthermore, pricing-based RM models occupancy/demand rate influenced by internal and competitor price changes. In this paper, a mathematical model based on game theoretic approach is developed for two conditions of deterministic and stochastic demand. Based on the equilibrium point, the best strategy for both hotels can be determined.

A Study on Developing Profit Model and Analyzing Validity for Remodelling of Apartment Houses (공동주택 리모델링의 수익모델 개발과 타당성 분석 연구)

  • Kim, Eui-Sik;Pyo, Ji-Myung;An, Min-Jae
    • Journal of the Korea institute for structural maintenance and inspection
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    • v.8 no.4
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    • pp.257-264
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    • 2004
  • The physical factor having a great influence among components of making values of profit model in apartment houses is equilibrium change of house and this study suggests an alternative of remodelling. It sets profit models including model dividing household of large scale into that of small scale using value making factor of apartment house and spatial composition techniques and model integrating households of small scale and converting them into those of large scale and finds that its economy is good as over 'average', evaluative value of economy is reduced as discount rate increases and economy of remodelling is superior.

Presteady State Kinetics of ATP Hydrolysis by Escherichia coli Rho Protein Monitors the Initiation Process

  • Jeong, Yong-Ju;Kim, Dong-Eun
    • Bulletin of the Korean Chemical Society
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    • v.27 no.2
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    • pp.224-230
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    • 2006
  • Escherichia coli transcription termination factor Rho catalyzes the unwinding of RNA/DNA duplex in reactions that are coupled to ATP binding and hydrolysis. We report here the kinetic mechanism of presteady state ATP binding and hydrolysis by the Rho-RNA complex. Presteady state chemical quenched-flow technique under multiple turnover condition was used to probe the kinetics of ATP binding and hydrolysis by the Rho-RNA complex. The quenched-flow presteady state kinetics of ATP hydrolysis studies show that three ATPs are bound to the Rho-RNA complex with a rate of $4.4\;{\times}\;10^5M^{-1}s^{-1}$, which are subsequently hydrolyzed at a rate of $88s^{-1}$ and released during the initiation process. Global fit of the presteady state ATP hydrolysis kinetic data suggests that a rapid-equilibrium binding of ATP to Rho-RNA complex occurs prior to the first turnover and the chemistry step is not reversible. The initial burst of three ATPs hydrolysis was proposed to be involved in the initialization step that accompanies proper complex formation of Rho-RNA. Based on these results a kinetic model for initiation process for Rho-RNA complex was proposed relating the mechanism of ATP binding and hydrolysis by Rho to the structural transitions of Rho-RNA complex to reach the steady state phase, which is implicated during translocation along the RNA.

The Impact of R&D on the Singaporean Economy

  • Ho, Yuen-Ping;Wong, Poh-Kam
    • STI Policy Review
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    • v.8 no.1
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    • pp.1-22
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    • 2017
  • There has been a pronounced increase in research and development (R&D) expenditure in Singapore over the last two decades, with government spending accounting for a sizeable share. This increase has been spurred by public policy emphasis on research and innovation as engines of economic growth. This paper analyses the impact of R&D on economic performance in Singapore from 1978 to 2012 through the use of time series analysis. The Cobb-Douglas based analysis shows a long-run equilibrium relationship between Total Factor Productivity (TFP) and R&D investments. We found that the short-run productivity of R&D in Singapore is comparable to smaller advanced economies in the Organisation for Economic Co-operation and Development (OECD). However, in terms of long-run R&D productivity, Singapore lags slightly behind the smaller OECD nations and far behind the G7 countries. This suggests leakage of value capture and low absorptive capacity in local firms. Possibility of productivity improvements induced by policy changes in the 1990s was considered, but no evidence of significant structural breaks was found. Lastly, Granger causality analysis reveals that public sector R&D augments private sector R&D capital, thus playing an important role in generating externalities and spillover effects. Policy implications and lessons for other middle-income countries are discussed.

Generalized Solution Procedure for Slope Stability Analysis Using Genetic Algorithm (유전자 알고리즘을 이용한 사면안정해석의 일반화 해법)

  • Shin, Eun-Chul;Patra, Chittaranjan R.;Pradhan, R.
    • Journal of the Korean Geotechnical Society
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    • v.24 no.3
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    • pp.5-11
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    • 2008
  • This paper pertains to the incorporation of a genetic algorithm methodology for determining the critical slip surface and the corresponding factor of safety of soil slopes using inclined slice method. The analysis is formulated as a constrained optimization problem to solve the nonlinear equilibrium equations and finding the factor of safety and the critical slip surface. The sensitivity of GA optimization method is presented in terms of development of failure surface. Example problem is presented to demonstrate the efficiencies of the genetic algorithm approach. The results obtained by this method are compared with other traditional optimization technique.

A Study on the Factor of Safety for Rock Slopes Based on Three Dimensional Effects (3차원 효과를 고려한 암반사면의 안전율 변화에 관한 연구)

  • Seo, Og-Geon;Lee, Seung-Ho
    • Journal of the Korean Geotechnical Society
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    • v.31 no.1
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    • pp.47-52
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    • 2015
  • In the slope stability analysis and design, Limit Equilibrium Method (LEM) and Shear Strength Reduction technique (SSR) are mainly used. Both methods are able to perform two and three dimensional analysis. SSR is considered to be more sensitive and more reasonable than LEM by many researchers. However, in practice LEM is still widely used because of the increase of analysis time and complexity of the model in SSR. In this study, three dimensional analysis of the protruding rock slope is performed by SSR in order to study the effects of protruding length using rock slope FLAC 3D. In this study, as results of analysis variations of the safety factor have been studied according to slope angle, slope height, the soil strength, protruding slope length projected variables. The results show that the factor of safety as more affected by the shapes of the protruding rock slope than the rock strength.

Stabilization of the primary sigma factor of Staphylococcus aureus by core RNA polymerase

  • Mondal, Rajkrishna;Ganguly, Tridib;Chanda, Palas K.;Bandhu, Amitava;Jana, Biswanath;Sau, Keya;Lee, Chia-Y.;Sau, Subrata
    • BMB Reports
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    • v.43 no.3
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    • pp.176-181
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    • 2010
  • The primary sigma factor ($\sigma^{A}$) of Staphylococcus aureus, a potential drug target, was little investigated at the structural level. Using an N-terminal histidine-tagged $\sigma^{A}$ (His-$\sigma^{A}$), here we have demonstrated that it exits as a monomer in solution, possesses multiple domains, harbors primarily $\alpha$-helix and efficiently binds to a S. aureus promoter DNA in the presence of core RNA polymerase. While both N- and C-terminal ends of His-$\sigma^{A}$ are flexible in nature, two Trp residues in its DNA binding region are buried. Upon increasing the incubation temperature from 25$^{\circ}$ to 40$^{\circ}C$, $\sim$60% of the input His-$\sigma^{A}$ was cleaved by thermolysin. Aggregation of His-$\sigma^{A}$ was also initiated rapidly at 45$^{\circ}C$. From the equilibrium unfolding experiment, the Gibbs free energy of stabilization of His-$\sigma^{A}$ was estimated to be +0.70 kcal $mol^{-1}$. The data together suggest that primary sigma factor of S. aureus is an unstable protein. Core RNA polymerase however stabilized $\sigma^{A}$ appreciably.

RECYCLING OPTION SEARCH FOR A 600-MWE SODIUM-COOLED TRANSMUTATION FAST REACTOR

  • LEE, YONG KYO;KIM, MYUNG HYUN
    • Nuclear Engineering and Technology
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    • v.47 no.1
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    • pp.47-58
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    • 2015
  • Four recycling scenarios involving pyroprocessing of spent fuel (SF) have been investigated for a 600-MWe transmutation sodium-cooled fast reactor (SFR), KALIMER. Performance evaluation was done with code system REBUS connected with TRANSX and TWODANT. Scenario Number 1 is the pyroprocessing of Canada deuterium uranium (CANDU) SF. Because the recycling of CANDU SF does not have any safety problems, the CANDU-Pyro-SFR system will be possible if the pyroprocessing capacity is large enough. Scenario Number 2 is a feasibility test of feed SF from a pressurized water reactor PWR. Thefsensitivity of cooling time before prior to pyro-processing was studied. As the cooling time sensitivity of cooling time before prior to pyro-processing was studied. As the cooling time increases, excess reactivity at the beginning of the equilibrium cycle (BOEC) decreases, thereby creating advantageous reactivity control and improving the transmutation performance of minor actinides. Scenario Number 3 is a case study for various levels of recovery factors of transuranic isotopes (TRUs). If long-lived fission products can be separated during pyroprocessing, the waste that is not recovered is classified as low- and intermediate-level waste, and it is sufficient to be disposed of in an underground site due to very low-heat-generation rate when the waste cooling time becomes >300 years at a TRU recovery factor of 99.9%. Scenario Number 4 is a case study for the recovery factor of rare earth (RE) isotopes. The RE isotope recovery factor should be lowered to ${\leq}20%$ in order to make sodium void reactivity less than <7$, which is the design limit of a metal fuel.

Solvent Extraction Separation of Nd and Sm from Chloride Solution with PC88A and Saponified PC88A (鹽酸溶液에서 PC88A와 비누화 PC88A에 의한 Nd와 Sm의 分離推出)

  • Lee, Man-Seung;Lee, Gwang-Seop;Lee, Jin-Young;Kim, Sung-Don;Kim, Joon-Soo
    • Resources Recycling
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    • v.14 no.2
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    • pp.33-42
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    • 2005
  • Solvent extraction experiments have been performed to separate Nd and Sm from chloride solution with PC88A. The effect of the saponification of PC88A on the extraction and separation of the two metals were studied. In the experimental ranges conducted in this study, the distribution coefficients of Sm were higher than those of Nd and separation factor between them increased with the equilibrium pH of aqueous solution. Saponification of PC88A enhanced the distribution coefficients of Sm and Nd and the separation factor. A chemical model was developed to predict the distribution coefficients of metals and separation factor from the initial extraction conditions. The measured distribution coefficients of Nd and Sm with PC88A and saponified PC88A agreed well with those calculated in this study.

Inhibition of Nitric Oxide Production by Ethyl Digallates Isolated from Galla Rhois in RAW 264.7 Macrophages

  • Park, Pil-Hoon;Hur, Jin;Lee, Dong-Sung;Kim, Youn-Chul;Jeong, Gil-Saeng;Sohn, Dong-Hwan
    • Biomolecules & Therapeutics
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    • v.19 no.4
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    • pp.419-424
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    • 2011
  • Galla Rhois and its components are known to possess anti-infl ammatory properties. In the present study, we prepared equilibrium mixture of ethyl m-digallate and ethyl p-digallate isomers (EDG) from Galla Rhois and examined its effect on nitric oxide (NO) production in murine macrophage cell line. Treatment of RAW264.7 macrophages with EDG signifi cantly inhibited NO production and inducible nitric oxide synthase (iNOS) expression stimulated by LPS, as assessed by Western blot and quantitative RT-PCR analyses. We also demonstrated that EDG treatment led to an increase in heme oxygenase-1 (HO-1) mRNA and protein expression. EDG treatment also enhanced expression level of nuclear factor-erythroid 2-related factor 2 (Nrf2) in nucleus, which is critical for transcriptional induction of HO-1. Treatment with SnPP (tin protoporphyrin IX), a selective HO-1 inhibitor, reversed EDG-mediated inhibition of nitrite production, suggesting that HO-1 plays an important role in the suppression of NO production by EDG. Taken together, these results indicate that EDG isolated from Galla Rhois suppresses LPS-stimulated NO production in RAW 264.7 macrophages via HO-1 induction.