• Title/Summary/Keyword: expected value

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Ubiquitous Computing-Driven Business Models : An Analytical Structure & Empirical Validations (유비쿼터스 컴퓨팅 기반의 비즈니스 모델에 관한 연구 : 연구 분석 프레임워크 수립 및 실증 분석)

  • Hwang Kyung Tae;Shin Bongsik;Kim Kyoung-jae
    • Journal of Information Technology Applications and Management
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    • v.12 no.4
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    • pp.105-121
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    • 2005
  • Ubiquitous computing(UC) is an emerging paradigm. Its arrival as a mainstream is expected to trigger innovative UC-driven business models (UCBMs). Currently, there is no Parsimonious methodology to analyze and provide diagnostics for UCBMs. With this research, we propose a analytical architecture that enables the assessment of an UCBM in its structural strengths and weaknesses. With value logic as the cornerstone, the architecture is composed of value actors, value assets, value context, business value Propositions, customer value propositions, value creation logics, and value assumptions. Dimensional variables are initially Identified based on the review of business model literature. Then, their significance is empirically examined through 14 UCBM scenarios, and variables that are expected to Play an important role in the UCBM assessment are decided. Finally, by analyzing the scenarios in terms of the dimensional variables, we attempted to summarize general characteristics of emerging UCBMs.

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SOLVING SYSTEMS OF EQUIVALENTIONS

  • BAN A. I.;BICA A. A.
    • Journal of applied mathematics & informatics
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    • v.20 no.1_2
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    • pp.97-118
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    • 2006
  • We obtain a property of distributivity in the equivalence form over LR fuzzy intervals. As an application and main result of the paper, we give a determinant method to solve systems of linear equivalentions. The expected value of the obtained solution is equal to the corresponding solution of the classical system of linear equations considering the expected values as data.

Ordering Policy for Planned Maintenance with Salvage Value

  • Park, Young T.;Jing, Sun
    • International Journal of Quality Innovation
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    • v.7 no.3
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    • pp.15-23
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    • 2006
  • A spare ordering policy is considered for planned maintenance. Introducing the ordering, uptime, downtime, inventory costs and salvage value, we derive the expected cost effectiveness. The problem is to determine jointly the ordering time for a spare and the preventive replacement time for the operating unit which maximize the expected cost effectiveness. Some properties regarding the optimal policy are derived, and a numerical example is included to explain the proposed model.

Understanding expected number of children of childless married and single men and women (미혼 및 기혼 무자녀 남성과 여성의 출산 의사 고찰과 미래 예상 출산 자녀수 관련 변인 탐색)

  • Kwon, Young In
    • Korean Journal of Human Ecology
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    • v.23 no.2
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    • pp.251-268
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    • 2014
  • Applying the data from 64 single(26 men and 38 women) and 71 childless married men and women(37 men and 34 women) aged between 30 and 45, this study is to understand their future fertility intention. For this purpose, ideal and real number of children that participants plan to have were compared using paired t-test. Second, demographic variables(sex, age, marital status), child care related variables(thoughts about caring children, child care value), individual characteristics(gender role attitude, relation orientation) and social context variables(perceived economic condition, recognition of low fertility policies) were included in a stepwise regression model to explain expected number of children participants plan to have in the future. Results showed that ideal number of children participants wish to have was significantly higher than real number of children they expect to have in the Korean society. The stepwise regression model explained 35% of the variance of the dependent variable. Among four types of variables, child care related variables most powerfully explained expected number of children study participants plan to have in the future. Finally, age, child care value, gender role attitude, and relation orientation significantly explained expected number of children in the future.

Performance Analysis of VaR and ES Based on Extreme Value Theory

  • Yeo, Sung-Chil
    • Communications for Statistical Applications and Methods
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    • v.13 no.2
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    • pp.389-407
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    • 2006
  • Extreme value theory has been used widely in many areas of science and engineering to deal with the assessment of extreme events which are rare but have catastrophic consequences. The potential of extreme value theory has only been recognized recently in finance area. In this paper, we provide an overview of extreme value theory for estimating and assessing value at risk and expected shortfall which are the methods for modelling and measuring the extreme financial risks. We illustrate that the approach based on extreme value theory is very useful for estimating tail related risk measures through backtesting of an empirical data.

Minimum Expected Cost based Design of Vertical Drain Systems (최소기대비용에 의한 연직배수시설의 설계)

  • Kim, Seong-Pil;Son, Young-Hwan;Chang, Pyung-Wook
    • Journal of The Korean Society of Agricultural Engineers
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    • v.49 no.6
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    • pp.93-101
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    • 2007
  • In general, geotechnical properties have many uncertain aspects, thus probabilistic analysis have been used to consider these aspects. It is, however, quite difficult to select an appropriate target probability for a certain structure or construction process. In this study, minimum expected cost design method based on probabilistic analysis is suggested for design of vertical drains generally used to accelerate consolidation in soft clayey soils. A sensitivity analysis is performed to select the most important uncertain parameters for the design of vertical drains. Monte Carlo simulation is used in sensitivity analysis and probabilistic analysis. Total expected cost, defined as the sum of initial cost and expected additive cost, varies widely with variation of input parameters used in design of vertical drain systems. And probability of failure to get the minimum total expected cost varies under the different design conditions. A minimum value of total expected cost is suggested as a design value in this study. The proposed design concept is applicable to unit construction process because this approach is to consider the uncertainties using probabilistic analysis and uncertainties of geotechnical properties.

An Empirical Study of Factors Affecting the Value Gap in IS Investment (정보시스템 투자의 성과격차 유발요인에 관한 실증연구)

  • Park Kiho;Cho Namjae
    • Korean Management Science Review
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    • v.21 no.2
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    • pp.145-165
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    • 2004
  • Frequently. lots of organizations have experienced the value discrepancy between the expected value and the realized value from IS (information systems) investments. Being positive or negative the difference is. however, the existence of discrepancy itself is an evidence of less-than-sound management and measurement of IS projects. Analyzing the factors that cause such discrepancy has become an issue of scrutiny both in academia and in practice. We model which factors. as predictors, will affect the value discrepancy, as dependent variables. in IS investment. This research will establish and examine the research model. the validity of category classification of value discrepancy factors and the perceptual level of IS value discrepancy by survey research. As a result of the survey research. the strategic alignment. the proper system design for staffs. the project planning capability. and interdepartmental task cooperation are perceived as the factors that significantly affect the value discrepancy. And known as IS success factors such as the managerial support, the change management, the standardized process. and the competitive investment are not significant factors. The research findings will provide and emphasize useful implications which factors should be deliberately investigated in IS investment both for practices considering IS deployment and for academia.

Barriers Causing the Value Gap between Expected and Realized Value in IS Investment: SCM/ERP/CRM (정보시스템 투자 전후 가치 격차 유발 장애요인: 탐색적 사례연구)

  • Cho, Nam-Jae;Park, Ki-Ho
    • Information Systems Review
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    • v.5 no.1
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    • pp.1-18
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    • 2003
  • Many organizations experience that the value they gained from IT (information technology) investment is lower than they expected prior to the actual implementation of a system - the value gap between expected value and realized value from IT. Research on the barriers to the expectation and realization is of high importance both in practice and in IS research. This study analyzed such barriers observed in three companies that have adopted such IT systems as Enterprise Resource Planning (ERP), Supply Chain Management (SCM), and Customer Relationship Management (CRM) systems each. From analyses of the three companies we specifically identified eight types of barriers: barriers related to industry, organization, knowledge, resource, usage, competence, product, and safety. Common barriers among the three cases were classified into six types, e.g. lack of strategic mind-set, improper organizational structure, lack of human resource, etc. We expect that the results help managers in IS investment to minimize the valuation gap and maximize realized values.

Determinants of the Demand for Cash-Value Life Insurance (저축성 보험 보유 및 보유액에 영향을 미치는 요인 분석)

  • Baek Eun-Young;Joung Soon-Hee
    • Journal of Families and Better Life
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    • v.23 no.3 s.75
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    • pp.217-230
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    • 2005
  • The purpose of this study was to examine factors related to the purchase of cash-value life insurance of households. Based on human capital and bequest motive theories of the demand for life insurance, this study developed a conceptual model of the demand for life insurance of households. In addition, in order to capture the beneficiaries' preference and expected lifetime utility, expected future financial needs were included in the conceptual model. Using Heckit analysis, the model was estimated by two stages. The results supported that human capital, bequest motives and expected future financial needs were significant factors on both decision to have insurance and the mont of insurance. Specifically, if the household's head expected to have a higher potential in the future, the household was more likely to have insurance. If a household had dependents, the household was more likely to have insurance. As income or monthly expenditure increased, the probability of haying insurance and the amount of the insurance increased However, savings or social insurance were positively related to the purchase of insurance.