• Title/Summary/Keyword: optimal management

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Optimal Switching Frequency in Limited-Cycle with Multiple Periods

  • Sun, Jing;Yamamoto, Hisashi;Matsui, Masayuki;Kong, Xianda
    • Industrial Engineering and Management Systems
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    • v.11 no.1
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    • pp.48-53
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    • 2012
  • Due to the customer needs of reducing cost and delivery date shorting, prompt change in the production plan became more important. In the multi period system (For instance, production line.) where target processing time exists, production, idle and delay risks occur repeatedly for multiple periods. In such situations, delay of one process may influence the delivery date of an entire process. In this paper, we discuss the minimum expected cost of the case mentioned above, where the risk depends on the previous situation and occurs repeatedly for multiple periods. This paper considers the optimal switching frequency to minimize the total expected cost of the production process. In this paper, first, the optimal switching frequency model is proposed. Next, the mathematic formulation of the total expectation is presented. Finally, the policy of optimal switching frequency is investigated by numerical experiments.

Optimal Parameter Design for a Cryogenic Submerged Arc Welding(SAW) Process by Utilizing Stepwise Experimental Design and Multi-dimensional Design Space Analysis (단계적 실험 설계와 다차원 디자인 스페이스 분석 기술을 통한 초저온 SAW 공정의 최적 용접 파라미터 설계)

  • Lee, Hyun Jeong;Kim, Young Cheon;Shin, Sangmun
    • Journal of Korean Society for Quality Management
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    • v.48 no.1
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    • pp.51-68
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    • 2020
  • Purpose: The primary objective of this research is to develop the optimal operating conditions as well as their associated design spaces for a Cryogenic Submerged Arc Welding(SAW) process by improving its quality and productivity simultaneously. Methods: In order to investigate functional relationships among quality characteristics and their associated control factors of an SAW process, a stepwise design of experiment(DoE) method is proposed in this paper. Based on the DoE results, not only a multi-dimensional design space but also a safe operating space and normal acceptable range(NAR) by integrating statistical confidence intervals were demonstrated. In addition, the optimal operating conditions within the proposed NAR can be obtained by a robust optimal design method. Results: This study provides a customized stepwise DoE method (i.e., a sequential set of DoE such as a factorial design and a central composite design) for Cryogenic SAW process and its statistical analysis results. DoE results can then provide both the main and interaction effects of input control factors and the functional relationships between the input factors and their associated output responses. Maximizing both the product quality with high impact strength and the productivity with minimum processing times simultaneously in a case study, we proposed a design space which can provide both acceptable productivity and quality levels and NARs of input control factors. In order to confirm the optimal factor settings and the proposed NARs, validation experiments were performed. Conclusion: This research may provide significant contributions and applications to many SAW problems by preparing a standardization of the functional relationship between the input factors and their associated output response. Moreover, the proposed design space based on DoE and NAR methods can simultaneously consider a number of quality characteristics including tradeoff between productivity and quality levels.

DEVELOPMENT OF A TABU SEARCH HEURISTIC FOR SOLVING MULTI-OBJECTIVE COMBINATORIAL PROBLEMS WITH APPLICATIONS TO CONSTRUCTING DISCRETE OPTIMAL DESIGNS

  • JOO SUNG JUNG;BONG JIN YUM
    • Management Science and Financial Engineering
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    • v.3 no.1
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    • pp.75-88
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    • 1997
  • Tabu search (TS) has been successfully applied for solving many complex combinatorial optimization problems in the areas of operations research and production control. However, TS is for single-objective problems in its present form. In this article, a TS-based heuristic is developed to determine Pareto-efficient solutions to a multi-objective combinatorial optimization problem. The developed algorithm is then applied to the discrete optimal design problem in statistics to demonstrate its usefulness.

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Optimal Hedge Strategy Using Future Contract in the Vesting Contract Electricity Market (베스팅계약 전력시장에서 선물 최적헷지전략 연구)

  • 맹근호;송광재;박종근
    • The Transactions of the Korean Institute of Electrical Engineers A
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    • v.53 no.7
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    • pp.414-419
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    • 2004
  • In TWBP new uncertainty will be increased. Risk management is risen to a important problem. Vesting contract makes market Players trade at fixed price in TWBP early stages. In the case of advanced country, market players manage risk with a future contract. When a risk management method moves from vesting contract to future contract, it may have to use together two contracts for schedule period. In this paper, risk management strategy that use vesting contract and forward contract at the same time is proposed.

On the Optimal Solution Transportation Problem by Analytic Hierarchy Process (계층화 분석 과정에 의한 최적운송 수단에 관한 연구)

  • Chung, Soon-Suk
    • Proceedings of the Safety Management and Science Conference
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    • 2008.04a
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    • pp.345-360
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    • 2008
  • The analytic hierarchy process is known as a useful tool for the group decision making methods. This tool has been area such as investment, R&D management, manufacturing, production and marketing. Typically, transportation problems have addressed by mathematical programming. In this paper, an optimal solution of transportation problem was determined by the analytic hierarchy process.

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Optimal size of the constraint buffer in TOC (제약자원 버퍼의 최적 크기 결정)

  • Go Si Geun
    • Proceedings of the Korean Operations and Management Science Society Conference
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    • 2002.05a
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    • pp.476-480
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    • 2002
  • The theory of constraints (TOC) has become a valuable system in modern operations management. Using the ideas and methods of the TOC, companies can achieve a large reduction of work-in-process and finished-goods inventories, significant improvement in scheduling performance, and substantial earnings increase. The purpose of this paper is to calculate the optimal size of the time buffer which is used to accommodate disruptions in production processes and provide maximum productivity of capacity constrained resources. After the problem formulation in terms of single server queueing model, we observed the system behavior by sensitivity analyses.

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Optimal Filter Design Approach to Statistical Process Control (통계적 공정 관리를 위한 일반 선형 필터의 최적 설계)

  • Chin Chang-Ho;Apley Daniel W.
    • Proceedings of the Korean Society for Quality Management Conference
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    • 2006.04a
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    • pp.313-318
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    • 2006
  • Many control charting methods for both i.i.d and autocorrelated data can be viewed as charting the output of a linear filter applied to the process data. We propose a generalization of this concept, in which the filter parameters are optimally selected to minimize the out-of-control ARL while constraining the in-control ARL to some desired value. A number of interesting characteristics of the optimal fitters are discussed.

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Optimal Dual Pricing and Passenger Safety Level for Cruise Revenue Management

  • Cho, Seong-Cheol;Zhang, Mengfei
    • Journal of Navigation and Port Research
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    • v.41 no.2
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    • pp.63-70
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    • 2017
  • Despite the remarkable continual growth of the world cruise industry, studies have yet to be attempted on many revenue management problems in cruise operations. This paper suggests two schemes that can be easily applied to cruise revenue management: optimal dual pricing and passenger safety level. In optimal dual pricing, a pair of higher and lower prices is applied to cabin reservation through market segmentation. This scheme can be executed with a linear price-response function for the current unreserved cabins. A cruise line could benefit from this scheme to maximize reservation revenue while attaining full occupancy. The dual pricing scheme is also devised to produce only integer demands to suit real management practices. The life boat capacity is an additional service capacity unique to the cruise industry, catering to passengers' safety. The concept of passenger safety level is defined and computed for any passenger life boat capacity of a cruise ship. It can be used to evaluate the passenger safety of a cruise ship in operation, as well as to determine the number of life boat seats required for a new cruise ship. Hypothetical examples are used to illustrate the operation of these two schemes.

Optimum Management Plan of the HVAC Equipments with LCC Analysis (LCC 분석을 통한 공기조화 열원설비의 최적 관리방안)

  • Kim, Yong-Ki;Woo, Nam-Sub;Kang, Sung-Ju;Lee, Tae-Won
    • Korean Journal of Air-Conditioning and Refrigeration Engineering
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    • v.20 no.8
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    • pp.556-562
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    • 2008
  • The building HVAC systems have very different qualities of performance and durability with the superintendent's ability for management and maintenance. The poor management of these systems finally lead to the shortening of the life expectancy and result in the increase of operating costs and energy consumptions due to low efficiencies. This study presents an example of appropriate use of the LCC(Life Cycle Cost) analysis in a process of maintaining and repairing old HVAC equipments, by demonstrating the difference of optimal economic life, decrease of running cost, and energy consumption according to the management level of the HVAC equipments. But there are no reliable life expectancy and performance history data at present for optimal management of various building service equipments. Therefore, it is necessary to construct long-term database on operation results of them for more accurate and optimized LCC analysis.

DER Energy Management System for Optimal Management of Grid-Connected Microgrids (전력망 연계형 마이크로그리드 최적운영을 위한 분산에너지자원 에너지관리시스템)

  • Choi, Jongwoo;Shin, Youngmee;Lee, Il-Woo
    • The Journal of Korean Institute of Communications and Information Sciences
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    • v.42 no.4
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    • pp.932-938
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    • 2017
  • This paper presents the structure of an energy management system for distributed energy resources of a grid-connected microgrid. The energy management system of a grid-connected microgrid collects information of the microgrid such as the status of distributed energy resources and the time varying pricing plan through various protocols. The energy management system performs forecasting and optimization based on the collected information. It derives the operation schedule of distributed energy resources to reduce the microgrid electricity bill. In order to achieve optimal operation, the energy management system should include an optimal scheduling algorithm and a protocol that transfers the derived schedule to distributed energy resources. The energy management system operates as a rolling horizon controller in order to reduce the effect of a prediction error. Derived control schedules are transmitted to the distributed energy resources in real time through the international standard communication protocol.