• Title/Summary/Keyword: utility model

Search Result 1,028, Processing Time 0.033 seconds

Decisions under risk and uncertainty through the use of Choquet integral

  • Narukawa, Yasuo;Murofushi, Toshiaki
    • Proceedings of the Korean Institute of Intelligent Systems Conference
    • /
    • 2003.09a
    • /
    • pp.555-558
    • /
    • 2003
  • The Choquet-Stieltjes integral is defined. It is shown that the Choquet -Stieltjes integral is rep-resented by a Choquet integral. As an application of the theorem above, it is shown that Choquet expected utility model for decision under uncertainty and rank dependent utility model for decision under .risk are respectively same as their simplified version.

  • PDF

Analysis of Users' Satisfaction Utility for Precipitation Probabilistic Forecast Using Collective Value Score (그룹 가치스코어 모형을 활용한 강수확률예보의 사용자 만족도 효용 분석)

  • Yoon, Seung Chul;Lee, Ki-Kwang
    • Korean Management Science Review
    • /
    • v.32 no.4
    • /
    • pp.97-108
    • /
    • 2015
  • This study proposes a mathematical model to estimate the economic value of weather forecast service, among which the precipitation forecast service is focused. The value is calculated in terms of users' satisfaction or dissatisfaction resulted from the users' decisions made by using the precipitation probabilistic forecasts and thresholds. The satisfaction values can be quantified by the traditional value score model, which shows the scaled utility values relative to the perfect forecast information. This paper extends the value score concept to a collective value score model which is defined as a weighted sum of users' satisfaction based on threshold distribution in a group of the users. The proposed collective value score model is applied to the picnic scenario by using four hypothetical sets of probabilistic forecasts, i.e., under-confident, over-confident, under-forecast and over-forecast. The application results show that under-confident type of forecasts outperforms the others as a measure of the maximum collective value regardless of users' dissatisfaction patterns caused by two types of forecast errors, e.g., miss and false alarm.

An Agent-based Negotiation with Multi-issue in E-Commerce (전자상거래에서 멀티 이슈 기반의 에이전트 협상 방법)

  • Zhang Xiao-Xuan;Jo Geun-Sik
    • Proceedings of the Korea Information Processing Society Conference
    • /
    • 2006.05a
    • /
    • pp.311-314
    • /
    • 2006
  • Our paper proposes an agent based automated negotiation model. The agents can perform an integrative negotiation with multi-issue in a one-to-many way. The negotiation protocol follows the offer-counteroffer principal, and an adapted offer generation strategy. With the utility theory, agent could evaluate the offers and determine the following actions. In order to yield a top-quality deal and shorten the negotiation period, agents propose multiple offers, which consist of a particular combination of issue values and lave the identical utility with the given utility. The experiment shows that the model ensures the participants could reach a better agreement in a short time.

  • PDF

A Comparitive Study of MAUT and AHP in Priority Setting of R&B Projects (연구개발사업 우선순위 설정에 있어서 다속성효용이론(MAUT)과 계층분석과정(AHP)의 비교)

  • 박주형;김정흠
    • Journal of Korea Technology Innovation Society
    • /
    • v.2 no.2
    • /
    • pp.201-218
    • /
    • 1999
  • The article contains an introduction of possibility of applying Multi-Attribute Utility Theory(MAUT) for priority setting of R&D projects. MAUT is compared with AHP, which is widely used recently. These two techuiques are applied to set priorities of R&D projects In a Government-funded Research Institute. Six criteria are chosen from consultation with decision makers. They are composed of 1) validity as representative projects, 2) possibility of resource mobilization, 3) spillover effect of developed technologies, 4) possibility of success, 5) scope of participation and 6) clarity of research goal. To set priorities of R&D projects, SMART(Simple MultiAttribute Rating Technique) and DVM(Difference Value Measurement) out of many MAUT methods are used to design the utility function and to determine the weights among criteria. The aggregation model is additive on the assumption the criteria are independent. AHP executes pairwise comparisons for criteria and alternatives. From the results of the case study, the results and theoretical characteristics are compared.

  • PDF

Profit Sharing Model in Product-Service System (제품-서비스 통합시스템(Product-Service System)에서의 수익분배모형)

  • Kim, Jin-Min;Park, Jin-Soo;Park, Kwang-Tae;Kim, Kwang-Jae;Hong, Yoo-Suk
    • Journal of the Korean Operations Research and Management Science Society
    • /
    • v.36 no.4
    • /
    • pp.81-89
    • /
    • 2011
  • In recent business environments, the competition among firms is shifting from the competition based on individual firm only to the competition based on alliance of firms. This is because it is not easy for a firm to perform all functions which consumers want. Thus, it is more effective to combine core competencies of different firms based on a strategic partnership. It is essential to establish a strategic partnership and this strategic partnership is a key success factor in PSS(Product-Service System) which combines products and services. In this paper, we propose a profit sharing model for PSS partnership. We first analyze customer's utility using Cobb-Douglas utility function and then propose the PSS profit sharing ratio considering functionalities and cost structures based on the combination ratio of PSS. This paper helps firms to develop partnership strategies for PSS.

Major Predictors of User's Continuance Intention to Provide information: In the Context of Online Community and Social Media

  • Kang, Jae-Jung;Kim, Yoo-Jung
    • Journal of the Korea Society of Computer and Information
    • /
    • v.21 no.2
    • /
    • pp.113-122
    • /
    • 2016
  • This study investigates how anticipated value(attainment value, intrinsic value, utility value, and reward value) and self-efficacy in providing information have an influence on continuance intention to provide information in the context of online community or social media. We propose a conceptual model for examining the framework for the effect of anticipated value on attitude toward providing information, and the effect of attitude toward providing information and self-efficacy in providing information on continuance intention to provide information. Proposed research model is empirically assessed using the survey data obtained from 221 respondents in Korea. Results show that attainment value and intrinsic value have a significant impact on attitude toward providing information, whereas utility value and reward value are found to be insignificant. In addition, attitude toward providing information and self-efficacy in providing information are positively and significantly related to continuance intention to provide information.

Free Control Stability Analysis of Sports Utility Vehicle-EPS (Sports Utility Vehicle-EPS의 자유제어 안정성 해석)

  • 장봉춘;권대규
    • Transactions of the Korean Society of Automotive Engineers
    • /
    • v.12 no.1
    • /
    • pp.162-167
    • /
    • 2004
  • In this research the Co-simulation technique for an electric power steering system with MATLAB/SIMULINK and a full vehicle model with ADAMS has been developed. The dynamic responses of vehicle chassis and steering system are evaluated. Then, a full vehicle model interacted with EPS control is concurrently simulated with an impulsive steering wheel torque input to analyze the stability of 'free control' or hands free motion for Sports Utility Vehicle. This integrated method allows engineers to reduce the prototype testing cost and to shorten the developing period.

A Distributed Decision-Making Mechanism for Wireless P2P Networks

  • Wu, Xu;He, Jingsha;Xu, Fei;Zhang, Xi
    • Journal of Communications and Networks
    • /
    • v.11 no.4
    • /
    • pp.359-367
    • /
    • 2009
  • Trust-based solutions provide some form of payment to peers to encourage good behavior. The problem with trust management systems is that they require prior knowledge to work. In other words, peers are vulnerable to attack if they do not have knowledge or correct knowledge of other peers in a trust management system. Therefore, considering only trust is inadequate when a decision is made to identify the best set of peers to utilize. In order to solve the problem, we propose a distributed decision-making mechanism for wireless peer-to-peer (P2P) networks based on game theory and relevant trust mechanisms in which we incorporate the element of trust and risk into a single model. The main idea of our mechanism is to use utility function to express the relationship between benefits and costs of peers, and then make the decision based on expected utility as well as risk attitude in a fully distributed fashion. The unique feature of our mechanism is that it not only helps a peer to select its partners, but also mitigates vulnerabilities in trust-based mechanisms. Through analysis and experiments, we believe our approach is useful for peers to make the decision regarding who to interact with. In addition, it is also a good starting point for exploring tradeoffs among risk, trust and utility.

Comparison of Seismic Responses of Underground Utility Tunnels Using Simplified Analysis Methods (단순화 해석 방법에 따른 지하공동구 지진 응답 산정 비교)

  • Kim, Dae-Hwan;Lim, Youngwoo;Seo, Hyun-Jeong;Lee, Hyerin
    • Journal of the Earthquake Engineering Society of Korea
    • /
    • v.28 no.4
    • /
    • pp.205-213
    • /
    • 2024
  • In the seismic evaluation of underground utility tunnels, selecting an analytical method is critical to estimating reasonable seismic responses. In simplified pseudo-static analysis methods widely applied to typical seismic design and evaluation of underground tunnels in practice, it is essential to check whether the methods provide valid results for cut-and-cover tunnels buried in shallow to medium depth. The differences between the two simplified pseudo-static methods are discussed in this study, and the analysis results are compared to those obtained from FLAC models. In addition to the analysis methods, seismic site classification, overburden soil depth, and sectional configuration are considered variables to examine their effects on the seismic response of underground utility tunnels. Based on the analysis results, the characteristics derived from the concepts and details of each simplified model are discussed. Also, general observations are made for the application of simplified analysis methods.