• Proceedings of the Korea Inteligent Information System Society Conference
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• 1999.10a
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• pp.355-361
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• 1999

An application of case-based reasoning is proposed to build an influence diagram for identifying successful new ventures. The decision to invest in new ventures in characterized by incomplete information and uncertainty, where some measures of firm performance are quantitative, while some others are substituted by qualitative indicators. Influence diagrams are used as a model for representing investment decision problems based on incomplete and uncertain information from a variety of sources. The building of influence diagrams needs much time and efforts and the resulting model such as a decision model is applicable to only one specific problem. However, some prior knowledge from the experience to build decision model can be utilized to resolve other similar decision problems. The basic idea of case-based reasoning is that humans reuse the problem solving experience to solve a new decision. In this paper, we suggest a case-based reasoning approach to build an influence diagram for the class of investment decision problems. This is composed of a retrieval procedure and an adaptation procedure. The retrieval procedure use two suggested measures, the fitting ratio and the garbage ratio. An adaptation procedure is based on a decision-analytic knowledge and decision participants knowledge. Each step of procedure is explained step by step, and it is applied to the investment decision problem in new ventures.

• IE interfaces
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• v.24 no.4
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• pp.396-407
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• 2011

We develop a cash management model in which firms face randomly occurred investment projects and retrieve investments upon the maturity of these projects. Using the Markov Decision Problem approach, we examine a control policy which dynamically adjusts the cash balance under the discounted cost criterion. The existence of an optimal policy is shown under some conditions. The optimal solution procedure is developed to find the optimal points and the optimal sizes for adjusting the cash balance. In numerical experiment, we investigate important structural properties of the optimal cash management policy.

• Journal of Korean Society of Forest Science
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• v.96 no.6
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• pp.661-666
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• 2007

This study is to give investment information to someone who will manage a chestnut orchard or has been managing a chestnut orchard by means of profit by producers' chestnut price and a term of investment retrieval because of fluctuations in chestnut prices in the opening time by FTA. This study, hence, evaluated 133 families who manage a chestnut orchard at Jin-ju, San-cheoung in Gyeong-nam, Gu-rae in Jeon-nam, Gong-ju, Bu-yeo, Cheoung-yang in Chung-nam. This study used IRR, B/C Ration, NPV and the break-even point sales methods. As the result of this study, there are investment value at much than 1,140 won/kg including wages themselves at 4% interest, however, there are not investment value at less than 1,140 won/kg in the same economic condition. Furthermore, an investor could retrieve the investment at sixteen year and the break-even point sales is 32,963,000 won/ha. If 3,000 won/kg, an investor could retrieve the investment at nine year and the break-even point sales is 15,176,000 won.

• Journal of Korean Society of Industrial and Systems Engineering
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• v.39 no.3
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• pp.30-38
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• 2016

Shuttle-Based Storage/Retrieval System (SBS/RS) is relatively new to industry. The system is in the category of Automated Storage/Retrieval System (AS/RS), but it is different in that the SBS/RS uses shuttles as Storage/Retrieval (SR) machine instead using a stacker crane. The shuttles are assigned to each tier on multi-tier system and operated for pick-up or drop-off order. Since the system can handle multiple orders simultaneously, it can provide much higher throughput than that of general AS/RS with single stocker crane. Thus, this new system is well fit to recent tendency of increasing small quantity batch production and orders. One of the drawback of this system is that it needs a lot of investment to set up. The efficient operation of the system would be one of the critical matters to increase economic efficiency of capital investment. In this study, we focused on the dwell point policy for shuttles to find efficient way of operating the system. There are four basic policies for the dwell point and we had simulation-based experiment for two different scenarios based on the speed of the shuttle and inter-arrival time of the loads coming to the system combined with four different policies. As it was mentioned above, this SBS/RS relatively new to the field and there is no such experiment shown on previous research and the study of dwell point policy for this SBS/RS could provide the direct comparison of each policy with different hardware specification; the capability of the system. The policy that achieves most efficient operation among the given environment is proposed and the usability of the system is discussed.

• Proceedings of the KSRS Conference
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• 2003.11a
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• pp.949-951
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• 2003

To improve the reusability and interoperability of GIS components, we propose the registration/retrieval agents, which can search the locating of users' frequently used components in not only the GIS domain but also other spatial information technologies such as GPS, ITS, RS and FM. The registration/retrieval agents increase the reusability through the GIS component based development under distributed GIS components environment and enables the rapid setting of application on the web. Moreover, users can understand easily the information of GIS component and have the effective investment, timeliness and reliability while they have less maintenance effort by agent. In order to design and implement this system on web, HTML and ASP (Active Serve Page), and JAVA were used. In addition, the performance of this system was verified through comparing others, which are similar to.

• Journal of the Korean Operations Research and Management Science Society
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• v.13 no.2
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• pp.34-46
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• 1988

This paper deals with design problem of unit load automated storage/retrieval systems (AS/RS). We propose an optimal design model in which the investment and maintenance costs of AS/RS, operating under dual command model is minimized over a time horizon satisfying the warehouse dimensional constraints. The model is formulated as an integer nonlinear program and an algorithm is proposed to find an optimum solution. The valididty of the solution algorithm is illustrated through an example.

• Journal of Korean Institute of Industrial Engineers
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• v.19 no.4
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• pp.97-104
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• 1993

This paper deals with the design problem of a man-on-board(MOB) storage and retrieval warehousing system which is suitable for storing items of small size and light weight. It is assumed that the operator carries out a sequence of retrieving(or storing) operations traveling on a specially designed truck. Considering the operating characteristics of the man-on-board system, an optimal design model is developed in which the investment and maintenance costs of the system are minimized over a time horizon satisfying a set of constructional restrictions. The model is formulated as a nonlinear integer program and a search algorithm is proposed to find an optimum solution.

• The Transactions of The Korean Institute of Electrical Engineers
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• v.57 no.9
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• pp.1531-1535
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• 2008

In the past vertically integrated power system, the power utility forecasted power demand and invested new power plants to keep a system adequacy. However, in the competitive electricity markets, a principle part of the capacity investment is market participants who decided the investment to maximize their profit. Especially, one of the main factors in their long-term decision making is the retrieval of fixed costs (construction costs). This paper presents the capacity payment in electricity power markets. The capacity payment (CP) in Cost Based Pool (CBP) is needed to recover fixed costs. However, CP in CBP was applied not only recovering fixed costs but also ensuring supply reliability. In order to operate harmonious power markets, pool needs reasonable CP mechanism. This paper analysis CP using capacity proportion and Reliability Pricing Model (RPM).

• Journal of Korean Institute of Industrial Engineers
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• v.14 no.2
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• pp.99-114
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• 1988

The objective of this study is mainly related to design aspects of Multi-aisle S/R machine system (MASS) which can substantially reduce high initial investment cost of Automated Storage/Retrieval System. Firstly, the average travel time of the S/R machine is determined under single and dual commands, from which the average performance of S/R machine is evaluated. Secondly, a design model is developed and the system parameters, such as length and height of the system, and the number of S/R machines, traversers and aisles are determined which provide minimum initial investment and operating costs. Also, through experiments, sensitivity analysis is made for the throughput and storage volume.

• Journal of Korean Society of Industrial and Systems Engineering
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• v.20 no.41
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• pp.189-196
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• 1997

Multimedia systems present information by various media, for example, video, sound, music, animation, movie, etc., in addition to the text which has long been used for conveying the information. But using several media may cause users' confusion and poorly designed user interface often aggravate the situation. Hypermedia systems allow the retrieval and representation of multimedia information using navigation and browsing mechanisms. Typically, there are two major navigation problems in a hypermedia compared to the ordinary user interface: disorientation and cognitive overload. In this study, the multimedia system was studied from the viewpoint of usability. Practical usability evaluation needs cost-effective, low-skill, and low- investment methods. The 'discount usability engineering' method, one of these methods, is based on the use of the following techniques: scenarios, simplified thinking aloud, and heuristic evaluation. The discount usability engineering method was applied to the usability evaluation of multimedia CD-ROM title.