• Title/Summary/Keyword: Business logic

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Approximate Dynamic Programming-Based Dynamic Portfolio Optimization for Constrained Index Tracking

  • Park, Jooyoung;Yang, Dongsu;Park, Kyungwook
    • International Journal of Fuzzy Logic and Intelligent Systems
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    • v.13 no.1
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    • pp.19-30
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    • 2013
  • Recently, the constrained index tracking problem, in which the task of trading a set of stocks is performed so as to closely follow an index value under some constraints, has often been considered as an important application domain for control theory. Because this problem can be conveniently viewed and formulated as an optimal decision-making problem in a highly uncertain and stochastic environment, approaches based on stochastic optimal control methods are particularly pertinent. Since stochastic optimal control problems cannot be solved exactly except in very simple cases, approximations are required in most practical problems to obtain good suboptimal policies. In this paper, we present a procedure for finding a suboptimal solution to the constrained index tracking problem based on approximate dynamic programming. Illustrative simulation results show that this procedure works well when applied to a set of real financial market data.

The Hybrid Knowledge Integration Using the Fuzzy Genetic Algorithm

  • Kim, Myoung-Jong;Ingoo Han;Lee, Kun-Chang
    • Proceedings of the Korea Inteligent Information System Society Conference
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    • 1999.03a
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    • pp.145-154
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    • 1999
  • An intelligent system embedded with multiple sources of knowledge may provide more robust intelligence with highly ill structured problems than the system with a single source of knowledge. This paper proposes th hybrid knowledge integration mechanism that yields the cooperated knowledge by integrating expert, user, and machine knowledge within the fuzzy logic-driven framework, and then refines it with a genetic algorithm (GA) to enhance the reasoning performance. The proposed knowledge integration mechanism is applied for the prediction of Korea stock price index (KOSPI). Empirical results show that the proposed mechanism can make an intelligent system with the more adaptable and robust intelligence.

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e-Transforming Manufacturing Firms for Value Chain Innovation (제조업의 e-Transformation을 통한 가치사슬 재구성)

  • 한현수
    • Proceedings of the Korean Operations and Management Science Society Conference
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    • 2001.10a
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    • pp.261-264
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    • 2001
  • 제조업의 e-Transformation을 통한 경쟁력 향상 방안은 닷컴 기업의 수익성 향상 등과 함께 e-비즈니스 모델 설계의 주요 이슈이다. 본 논문에서는 제조기업의 e-Business화라는 포괄적인 주제에 대하여 철강산업을 대상으로 변화에 대한 주요 요소와 관련된 실증적 사례를 제시하는데 초점을 두었다. 주요 변화관리(Change Management) 요소로는 기업의 내,외부 공급사슬 최적화, 고객관계관리, 구매 및 판매 관련 전자상거래와 정보시스템 활용 등을 정의하고, 이와 관련된 AS-IS 대비 TO-BE의 성과 향상을 위한 개선가능요인(Improvement Potential)과 달성방안을 전개하였다. 본 논문의 특징은 재고 등 내부 효율성 관련 성과 및 고객과 관련된 서비스 수준 향상을 위한 공급사슬 상에서의 Electronic 가치사슬의 재구성과 Logic 개선요소를 철강산업의 실증적 사례를 통하여 제시한데 있다.

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A Model for Computer-Aided Process Planning System in Flexible Manufacturing Systems

  • Kang, Young-Sig;Hahm, Hyo-Joon;Rim, Suk-Chul;Kim, Seung-Baum
    • Journal of Korean Society for Quality Management
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    • v.22 no.1
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    • pp.188-204
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    • 1994
  • Most of computer-aided process planning(CAPP) systems have been developed to automate the process planning function. In this paper, we describe an analytical model for a CAPP system in order to improve the performance of production system in flexible manufacturing systems(FMSs) for computer intergrated manufacturing(CIM) architecture. This paper proposes an optimal process planning that minimizes the load time by minimizing the cycle time and the number of workstations using Kang and Hahm's heuristic approach so as to improve the performance of production system under the batch production of discrete products. We also perform simulation using SIMAN language to campare the line utilization of each for various product types. The proposed algorithm can be implemented in existing FMSs for on-line control of product quantity using programmable logic controllers(PLC) and communication devices.

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A Support System for Design and Routing Plan

  • Park, Hwa-Gyoo;Shon, Ju-Chan;Park, Sung-Gin;Baik, Jong-Myung
    • Proceedings of the CALSEC Conference
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    • 1999.07b
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    • pp.607-614
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    • 1999
  • In this paper, we demonstrate the implementation case using component based development tool under development process for application developments. The tool suggested provides the programming environment for the development of distributed manufacturing applications primarily. The development tool is classified into visual component, logic component, data component, knowledge component, neural net component, and service component which is a core component for the support component edit and execution. We applied the tool to the domain of the design and routing plan to retrieve existing similar design models in database, initiate a model, generate a process plan, and store the new model in the database automatically. Utilizing the tool, it integrates a geometric modeler, engineering/manufacturing database, and knowledge sources over the Internet.

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Bit-map Indexes and Their Selection Problem for Efficient Processing of Star Joins in Object Databases (객체 데이터베이스에서 스타 조인의 빠른처리를 위한 비트맵 색인 기법과 그의 선정 문제)

  • 조완섭;정태성;이현철;장혜경;안명상
    • Journal of Information Technology Applications and Management
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    • v.10 no.2
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    • pp.19-31
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    • 2003
  • We propose an indexing technique and an index selection algorithm for optimal OLAP query processing in object database systems, Although there are many research results on the relational database systems for OLAP Query processing, few researches have been done on the object database systems. Since OLAP queries represent complex business logic on a huge data ware-house, object database systems supporting the OLAP queries should have higher performance. Proposed bitmap index structure is an extension of conventional bitmap indexes for adapting object databases and provides higher performance with lower space overhead. We also propose a linear time solution of the index selection problem that will be used in the OLAP query optimization process.

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MVC model design for an Authorization Tool of UML Class Diagram (UML 클래스 도해의 저작도구를 위한 MVC모델의 설계)

  • Kim, Jae-Hoon;Kim, Yun-Ho
    • Proceedings of the Korean Institute of Information and Commucation Sciences Conference
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    • 2010.10a
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    • pp.634-637
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    • 2010
  • This paper suggests the design of MVC model for an authorization tool of UML class diagram. In the design of MVC model, it is designed to define view, controller and model and perform the individual role of each component. The View represents GUI and the Controller is responsible for data input and output and the Model is to handle the business logic. The MVC model design for an authorization tool of class diagram gives the role independently and tries to be flexible with system by dividing into the suitable features of each component.

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One Response from the South: Singapore's Efforts at Developing Hub Functions

  • Ho, Kong-Chong
    • Journal of the Korean Regional Science Association
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    • v.15 no.2
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    • pp.103-116
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    • 1999
  • As Asia becomes increasingly integrated economically, opportunity particularly in managing financial flows, as bases to coordinate regional production networks, and as staging points for the penetration of new markets. The paper argues for a path-dependent logic to understanding the efforts of the Singapore State in hosting hub functions. As a city-state without a national economic hinterland, Singapore's response to increasing business costs and regional competition has been to create a set of policies designed to encourage multinational companies to keep administrative control functions in Singapore while moving the more labour and land intensive production functions to nearby Malaysia and Indonesia. An understanding of the competition among cities in the Asia Pacific for hub functions must also take into account corporate strategy within particular industry dynamics. The second half of the paper provides a number of case studies to show this interplay between corporate strategy, industry dynamic and government policy.

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A Model of Strategic Management for Local Government : With Special Reference to Long-Range Development Plan. (지방자치단체의 전략적 관리 모형에 관한 연구: 장기발전계획을 중심으로)

  • 김성배
    • Journal of the Korean Regional Science Association
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    • v.14 no.2
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    • pp.107-126
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    • 1998
  • Since the election of governors and mayors by vote, many local governments in Korea establish long-range plans for their regional development. The major purposes of the plans are to set up development path for their communities and to devise economic development strategies. But most of the plans established thus formulated by the same method utilized in centralized political regime. This method is considered no longer appropriate to devise the long-range development plans for local government especially in the era of globalization and localization, where local governments behave independently, where local governments behave independently competition. We suggest an alternative way to establish such plans, based on the method employed in business sector. The plans, formulated in this way, are called strategy oriented long-range development plans. The underlying logic for the plans is non-linear one. The plans are issue oriented and focus more on process than outcome. Given that these features are properly incorporated in the plans, we expect that the strategy oriented long-range development plans can be genuine guidelines for local economic development in the years to come.

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The Extraction Method of Business Logic Using Legacy System Understanding Tool (레거시 시스템 이해도구를 이용한 비즈니스 로직 추출 기법)

  • 송문섭;박창순
    • Proceedings of the Korean Information Science Society Conference
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    • 2002.10d
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    • pp.100-102
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    • 2002
  • 최근 컴포넌트 기반 개발이 소프트웨어 개발의 새로운 패러다임으로 대두되고 있는 가장 큰 이유는 컴포넌트의 재사용으로 인해 얻을 수 있는 개발 기간의 단축, 유지ㆍ보수의 용이함 등의 장점들 때문이다. 재사용의 개념을 시스템으로 확장하여 생각하면 기존 레거시 시스템을 컴포넌트 기반 시스템으로 바꾸는 것이며 이를 위해서는 레거시 시스템의비즈니스 로직을 추출하여 컴포넌트화 해야 한다. 본 논문에서는 기존 레거시 시스템에서 컴포넌트 기반 시스템으로 변환하기 위해 필요한 비즈니스 로직 추출 방법으로 레거시 시스템 분석을 통해 얻은 시스템 플로우 그래프, 프로그램 호출 그래프, 패러그래프 흐름 그래프 등의 그래프 등을 이용하여 레거시 시스템을 이해하고 추출 정보로써 핵심 변수와 패턴 식별을 이용한 방법을 제안한 후 구현된 비즈니스 로직 추출기를 이용하여 구체적으로 COBOL 소스 코드에서 비즈니스 로직이 추출되는 과정을 설명하겠다.

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