• 제목/요약/키워드: Aversion

검색결과 211건 처리시간 0.028초

Risk-averse Inventory Model under Fluctuating Purchase Prices (구매가격 변동시 위험을 고려한 재고모형)

  • Yoo, Seuck-Cheun;Park, Chan-Kyoo;Jung, Uk
    • Journal of the Korean Operations Research and Management Science Society
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    • 제35권4호
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    • pp.33-53
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    • 2010
  • When purchase prices of a raw material fluctuate over time, the total purchasing cost is mainly affected by reordering time. Existing researches focus on deciding the right time when the demand for each period is replenished at the lowest cost. However, the decision is based on expected future prices which usually turn out to include some error. This discrepancy between expected prices and actual prices deteriorates the performance of inventory models dealing with fluctuating purchase prices. In this paper, we propose a new inventory model which incorporates not only cost but also risk into making up a replenishment schedule to meet each period's demand. For each replenishment schedule, the risk is defined to be the variance of its total cost. By introducing the risk into the objective function, the variability of the total cost can be mitigated, and eventually more stable replenishment schedule will be obtained. According to experimental results from crude oil inventory management, the proposed model showed better performance over other models in respect of variability and cost.

A Study on Characteristics of Design Concept and Interior Design Projects of Uchida Shigeru (우치다 시게루의 디자인 개념과 실내공간 표현 특성에 관한 연구)

  • 김은주
    • Korean Institute of Interior Design Journal
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    • 제13권4호
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    • pp.3-11
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    • 2004
  • The origin of Uchida is strictly avant-garde and carries a social dimension. The work is a challenge to consumption-oriented mass production, a revolt against intrusive one-way communication, and an aversion to oppressive politics. Such a spirit led to a rare communication design that was created in collabolation with the user and designer, both relating to each other's senses of touch and in the same familiar plane. He first began by focusing on the physical movements of objects in order to achieve maximum comfort and lightness. From the beginning, He avoided strong, sturdy solids, and favored the faint, transitory and vulnerable. He choose the pursue "furniture with delicate lines", "to create darkness by layering shadows", all of which are extremely unique and resulted in designs that have a profound presence. Uchida gives various meanings and functions to the grid. This activities and philosophy of Uchida Shigeru influenced on the interior design.the interior design.

Study on Improving Consensus in WinWin Negotiation Model (WinWin모델의 합의점 도출 개선에 관한 연구)

  • Oh Chang-Geun;Kim Sang-Soo;In Hoh
    • Proceedings of the Korean Information Science Society Conference
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    • 한국정보과학회 2005년도 한국컴퓨터종합학술대회 논문집 Vol.32 No.1 (B)
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    • pp.364-366
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    • 2005
  • 소프트웨어 개발시 요구사항 협의단계에서 WinWin 협의모델은 이해당사자들이 모두 만족할 수 있는 합의값물 결정하도록 도와준다. 이해당사자들은 각각의 Win 조건을 정의하고, 이것을 품질특성별로 규명한 수치화된 값으로 만든 후 이를 대상으로 협의하여 합의값을 도출한다. 하지만 이같은 합의값을 도출하는 과정에서 모든 이해당사자들이 Win 조건에 도달했는지 설명할 수 있는 방법은 없다. 본 논문은 WinWin 모델에서 이같은 합의값 도출 과정을 규명 가능한 수준으로 만들어 전체적으로 WinWin 모델의 성능이 개선될 수 있다는 것을 제시한다. 각 이해당사자들은 WinWin 모델 내의 합의값 도출과정을 퍼지 합의모델인 OCA(Opinion Changing Aversion)를 이용하여 산출된 합의값의 신뢰도를 평가한다. 평가된 신뢰도를 향상시킬 때까지 반복이 가능하므로 전체적으로 OCA는 WinWin 협의모델의 성능을 개선시킬 수 있다는 것을 증명한다.

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Prospect Theory based NPC Decision Making Model on Dynamic Terrain Analysis (동적 지형분석에서의 전망이론 기반 NPC 의사결정 모델)

  • Lee, Dong Hoon
    • Journal of Korea Game Society
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    • 제14권4호
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    • pp.37-44
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    • 2014
  • In this paper, we propose a NPC decision making model based on Prospect Theory which tries to model real-life choice, rather than optimal decision. For this purpose, we analyse the problems of reference point setting, diminishing sensitivity and loss aversion which are known as limitations of the utility theory and then apply these characteristics into the decision making in game. Dynamic Terrain Analysis is utilized to evaluate the proposed model and experimental result shows the method have effects on inducing diverse personality and emergent behavior on NPC.

Evaluation of Visual Sensitivity according to Basic Figure and Color -Focused on the College Students of Daejeon and Daegu- (기초도형과 색에 따른 시각감성 평가 - 대전과 대구지역의 대학생을 중심으로 -)

  • Kim, Myo-Hyang;Yun, Chong-Hee
    • Fashion & Textile Research Journal
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    • 제6권4호
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    • pp.427-432
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    • 2004
  • We evaluate what kinds of differences are existed to the visual sensitivity of college students m Daegu and Daejeon. Evaluation used the produced basic pattern to change modeling element of figure, direction, proportion, and color. The results are as below. The circle is preferred to the figure sensitivity and the triangle in Daegu and triangle and quadrangle in Daejeon is disliked. The direction sensitivity shows the difference of preferences according to figure. The angle of $0^{\circ}$ and $90^{\circ}$ which could be felt stability is preferred in general. In proportion sensitivity, the basic figure 1:1 rectangular proportions are preferred. The color sensitivity I shows the differences of preference according to figure and there are difference to the area in the degree of aversion.

A Study on Self-concept, Shopping Orientation and Store Patronage Behavior of College Women's Fashion Life-style Segments (여대생의 패션 라이프 스타일에 따른 자아개념, 쇼핑성향, 상점애고에 관한 연구)

  • 정혜영
    • Journal of the Korean Society of Costume
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    • 제25권
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    • pp.201-213
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    • 1995
  • The purposes of the study were (1) to seg-ment the female college apparel market based on fashion life style and (2) to develop a pro-file of each segment regard to self-concept, shopping orientation and patronage behavior. The data were collected through questionnaire by random sample of 526 female college students. By cluster analysis of lifestyle factors, three groups were identified, (fashion leaders, fashion followers and fashion aversion) Three groups were then compared through multivariate analysis of variance and chi-square statistics on 10 self-concept variables, 6 shopping statistics on 10 self-concept variables, 6 shopping orientation factors and 1 patronage behavior variable. Significant difference were found among the three groups on all these variables which indi-cate that fashion lifestyle can be a useful base for segmenting female apparel market and these groups are unique in terms of self-con-cept, shopping orientation and patronage behavior.

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The Types of Emotion Experienced in the Process of Wearing Clothes (의복착용시 경험하는 감정의 유형)

  • 최신형;이은영
    • Journal of the Korean Society of Clothing and Textiles
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    • 제18권3호
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    • pp.395-409
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    • 1994
  • Consumers experience various emotional responses to clothing in consumption process. These emotional responses are important in explaining consumer behavior of clothing. The Purpose of the study was to identify the types of emotion that consumers experience in the process of wearing clothes. A questionnaire consisted of 35 words expressing emotion was developed. 110 female college students were surveyed to find out consumption experience of clothing. The empirical study was conducted in two ways. One is that the subjects were asked to respond six-point unipolar scale of emotional adjectives to identify the various emotions that consumers experienced. The other is that four different wearing situations were described for the survey and then the subjects were asked to respond same questionnaire. The data surveyed for research were analyzed by factor analysis. The conclusion of empirical study was as follows. The types of emotion that consumers experienced at various situstions were: pleasure, arousal, unpleasure, aversion, dominance, sandness, security and tension.

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When Do the Unemployed Jump in the Workforce?

  • Lee, Hyun-Tak;Jang, Bong-Gyu;Park, Seyoung
    • Management Science and Financial Engineering
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    • 제19권2호
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    • pp.43-47
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    • 2013
  • This paper studies an optimal consumption and portfolio choice problem for unemployed people who have an option to work. Our problem is to find optimal consumption, risky investment, and workforce re-entry strategies for the unemployed. We find a closed form of the critical wealth level to re-enter the workforce. We show that the unemployed with a higher disutility of labor or a larger relative risk aversion are more reluctant to re-enter the workforce.

HOW TO PREPARE FOR RETIREMENT? OPTIMAL SAVING, LABOR SUPPLY, AND INVESTMENT STRATEGY

  • Koo, Bon Cheon;Koo, Jisoo;Song, Hana;Yoon, Hyo-Bin;Kim, Min-Seok
    • Journal of the Korean Society for Industrial and Applied Mathematics
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    • 제18권4호
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    • pp.283-294
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    • 2014
  • In this paper we study consumption-labor supply decision of an agent who prepares for retirement at a known time in the future. The agent is assumed to have a preference which is represented by the von Neumann-Morgenstern utility function in which the felicity function has constant relative risk aversion over the composite of consumption and leisure. The composite is obtained by the Cobb-Douglas function. A general problem has been studied by Bodie et al. (2004). We contribute to the literature by deriving the Slutsky equations and conducting comparative statics. In particular, we show that wealth effect can exhibit an interesting property depending upon the time until retirement, as the interest rate increases.

OPTIMAL CONSUMPTION/INVESTMENT AND LIFE INSURANCE WITH REGIME-SWITCHING FINANCIAL MARKET PARAMETERS

  • LEE, SANG IL;SHIM, GYOOCHEOL
    • Journal of the Korean Society for Industrial and Applied Mathematics
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    • 제19권4호
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    • pp.429-441
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    • 2015
  • We study optimal consumption/investment and life insurance purchase rules for a wage earner with mortality risk under regime-switching financial market conditions, in a continuous time-horizon. We apply the Markov chain approximation method and suggest an efficient algorithm using parallel computing to solve the simultaneous Hamilton-Jaccobi-Bellman equations arising from the optimization problem. We provide numerical results under the utility functions of the constant relative risk aversion type, with which we illustrate the effects of regime switching on the optimal policies by comparing them with those in the absence of regime switching.