• Journal of Korean Society for Quality Management
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• v.37 no.4
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• pp.1-9
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• 2009

Supplier selection process is one of the most important arenas of production and logistics management for many companies. This study explores the application of the analytic network process (ANP) approach for the evaluation of suppliers based on several different evaluation criteria. The ANP approach in this study is capable of providing priorities of suppliers that capture network relationships among several evaluation criteria which are not independent. Therefore this study provides value to practitioners by providing a generic model for supplier selection. In addition, for researchers, it demonstrates further research possibilities for more complex decision making problems using ANP.

• Journal of Korean Society of Industrial and Systems Engineering
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• v.27 no.4
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• pp.110-116
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• 2004

ABC analysis is the process of dividing inventory items into three classes according to their monetary usage so that managers can focus on items that have the highest monetary usage value, and has been widely used in practice since its development in 1950. However, the original criterion, monetary usage value, can no longer be the only rational criterion. Applying Analytic Hierarchy Process, we develop a new method to classify inventory items by considering such operationally/strategically important criteria as annual dollar usage, lead time, supplier's capacity, defective rate, difficulty of purchasing and unit price. A case study is performed applying the method to the field data from a company which produces electrochemical products.

• East Asian mathematical journal
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• v.37 no.5
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• pp.553-566
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• 2021

In the over-the-counter market, option's buyers could have a problem for default risk caused by option's writers. In addition, many participants try to maximize their benefits obviously in investing the financial derivatives. Taking all these circumstances into consideration, we deal with the vulnerable power options under a constant elasticity variance (CEV) model. We derive an analytic pricing formula for the vulnerable power option by using the asymptotic analysis, and then we verify that the analytic formula can be obtained accurately by comparing our solution with Monte-Carlo price. Finally, we examine the effect of CEV on the option price based on the derived solution.

• KSII Transactions on Internet and Information Systems (TIIS)
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• v.13 no.5
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• pp.2319-2337
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• 2019

In this paper, we study the distributed cooperative caching for Internet content providers in a small cell of heterogeneous network (HetNet). A general framework based on bankruptcy game model is put forth for finding the optimal caching policy. In this framework, the small cell and different content providers are modeled as bankrupt company and players, respectively. By introducing strategic decisions into the bankruptcy game, we propose a caching value assessment algorithm based on analytic hierarchy process in the framework of bankruptcy game theory to optimize the caching strategy and increase cache hit ratio. Our analysis shows that resource utilization can be improved through cooperative sharing while considering content providers' satisfaction. When the cache value is measured by multiple factors, not just popularity, the cache hit rate for user access is also increased. Simulation results show that our approach can improve the cache hit rate while ensuring the fairness of the distribution.

• Korean Management Science Review
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• v.16 no.1
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• pp.63-74
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• 1999

This paper presents a R&D investment model for the Information and telecommunications(l&T) technology using multiple objective linear programming(MOLP). The MOLP model involves the simultaneous maximization of three linear objective functions associated with three criteria, which are social, technological, and economic criterion. This model is different from the traditional one which only involves the maximization of economic criterion. It yields a suitable R&D investment ratio to each technology field. Its application to the National R&D Project in l&t Industry is also presented. In this application, the Analytic Hierarchy Process(AHP) is proposed to estimate the weights, which used as the coefficients in each objective function of the MOLP model. Then the problem is solved using the interactive method STEM. It is showed that with the aid of STEM, the MOLP model can be useful decision aid in formulation R&D investment plan in l&t industry. It is expected that the MOLP model works as the basis for planning R&D investment strategy in l&T industry.

• Journal of computational fluids engineering
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• v.2 no.1
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• pp.109-116
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• 1997

The objective of this paper is to develop a computational model for the prediction of the pollutant spread from a mass source over a complex terrain. The model comprises a two-dimensional, steady state flow model and a concentration model which employs the results of the computed flow field. The computational model is applied to predict the spread of pollutants for Sanbon city, and the two cases have been compard with the results of SF/sub 6/ trace experiments.

• Transactions of the Korean Society of Mechanical Engineers A
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• v.27 no.10
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• pp.1661-1666
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• 2003

The purpose of this study is to develop the simplified model of the crankshaft in the large marine engine for dynamic analysis. Because the actual engine system is under complex dynamic loading condition and it has multi-cylinder, the dynamic analysis is purchased at a high computation cost. In spite of this burden, the dynamic analysis must be perfonned to assure structural integrity of operating marine engine. Therefore, simplification of the analytic model is necessary for dynamic analysis. Beam-mass model, which is generated with the section property method, is the model simplified effectively. Section property method can provide desired section information by optimization technique. By applying beam-mass model to the crankshaft in the large marine engine, the usefulness of the proposed method was proven.

• Journal of applied mathematics & informatics
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• v.38 no.3_4
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• pp.351-373
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• 2020

There is an extensive literature on retrial queueing models. While a majority of the literature on retrial queueing models focuses on the retrial times to be exponentially distributed (so as to keep the state space to be of a reasonable size), a few papers deal with nonexponential retrial times but with some additional restrictions such as constant retrial rate, only the customer at the head of the retrial queue will attempt to capture a free server, 2-state phase type distribution, and finite retrial orbit. Generally, the retrial queueing models are analyzed as level-dependent queues and hence one has to use some type of a truncation method in performing the analysis of the model. In this paper we study a retrial queueing model with threshold-type policy for orbiting customers in the context of nonexponential retrial times. Using matrix-analytic methods we analyze the model and compare with the classical retrial queueing model through a few illustrative numerical examples. We also compare numerically our threshold retrial queueing model with a previously published retrial queueing model that uses a truncation method.

• Journal of the Korean Operations Research and Management Science Society
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• v.37 no.1
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• pp.29-43
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• 2012

We design a DEA-AR model using multiple regression analysis with new methods which limit weights. When there are multiple input and single output variables, our model can be used, and the weights of input variables use the regression coefficient and coefficient of determination. To verify the effectiveness of the new model, we evaluate the efficiency of the Regional Corporations in Korea. Accordance with statistical analysis, it proved that there is no difference between the efficiency value of the DEA-AR using AHP and our DEA-AR model. Our model can be applied to a lot of research by substituting DEA-AR model relying on AHP in the future.

• Journal of Environmental Science International
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• v.6 no.3
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• pp.239-247
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• 1997

The numerical experiments using a particle tracking model have been performed for predicting the change of water Quality and shoreline. In present study, comparison of the numerical model results with the analytic solution shows that the point of the mainmum concentration and the distribution pattern is very similar. The reflection effect from the boundary was newly Introduced for making clear the effect of the closed boundary which set limits to application of a particle tracking model. The present model seems to reappear physical phenomenon well. This model shows well qualitative appearance of pollutant diffusion in Kwangan beach. Therefore, this model is regarded as a useful means for predicting diffusion movement of suspended sand, and change of water quality.