• Title/Summary/Keyword: Cost information

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Partially Observable Markov Decision Process with Lagged Information over Infinite Horizon

  • Jeong, Byong-Ho;Kim, Soung-Hie
    • Journal of the Korean Operations Research and Management Science Society
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    • v.16 no.1
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    • pp.135-146
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    • 1991
  • This paper shows the infinite horizon model of Partially Observable Markov Decision Process with lagged information. The lagged information is uncertain delayed observation of the process under control. Even though the optimal policy of the model exists, finding the optimal policy is very time consuming. Thus, the aim of this study is to find an .eplison.-optimal stationary policy minimizing the expected discounted total cost of the model. .EPSILON.- optimal policy is found by using a modified version of the well known policy iteration algorithm. The modification focuses to the value determination routine of the algorithm. Some properties of the approximation functions for the expected discounted cost of a stationary policy are presented. The expected discounted cost of a stationary policy is approximated based on these properties. A numerical example is also shown.

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Airline In-flight Meal Demand Forecasting with Neural Networks and Time Series Models

  • Lee, Young-Chan
    • Proceedings of the Korea Association of Information Systems Conference
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    • 2000.11a
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    • pp.36-44
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    • 2000
  • The purpose of this study is to introduce a more efficient forecasting technique, which could help result the reduction of cost in removing the waste of airline in-flight meals. We will use a neural network approach known to many researchers as the “Outstanding Forecasting Technique”. We employed a multi-layer perceptron neural network using a backpropagation algorithm. We also suggested using other related information to improve the forecasting performances of neural networks. We divided the data into three sets, which are training data set, cross validation data set, and test data set. Time lag variables are still employed in our model according to the general view of time series forecasting. We measured the accuracy of our model by “Mean Square Error”(MSE). The suggested model proved most excellent in serving economy class in-flight meals. Forecasting the exact amount of meals needed for each airline could reduce the waste of meals and therefore, lead to the reduction of cost. Better yet, it could enhance the cost competition of each airline, keep the schedules on time, and lead to better service.

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Optimal Software Release Using Time and Cost Benefits via Fuzzy Multi-Criteria and Fault Tolerance

  • Srivastava, Praveen Ranjan
    • Journal of Information Processing Systems
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    • v.8 no.1
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    • pp.21-54
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    • 2012
  • As we know every software development process is pretty large and consists of different modules. This raises the idea of prioritizing different software modules so that important modules can be tested by preference. In the software testing process, it is not possible to test each and every module regressively, which is due to time and cost constraints. To deal with these constraints, this paper proposes an approach that is based on the fuzzy multi-criteria approach for prioritizing several software modules and calculates optimal time and cost for software testing by using fuzzy logic and the fault tolerance approach.

Design and Implementation of Portable NMR Probe Magnet

  • Junxia, Gao;Yiming, Zhang;Jiashen, Tian
    • Journal of Magnetics
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    • v.22 no.1
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    • pp.14-22
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    • 2017
  • The NMR's probe consists of the static magnetic field generator (magnetic source) and the RF coil. It is very strict for the homogeneity of the static magnetic field intensity of the magnetic source, so the cost of the magnetic source is more expensive in the entire nuclear magnetic resonance instrument. The magnetic source generally consists of electromagnet, permanent magnet and superconducting magnet. The permanent magnet basically needs not to spend on operation and maintenance and its cost of manufacture is much cheaper than the superconducting magnet. Therefore, the permanent magnet may be the only choice for the static magnetic field device if we want to use the magnetic resonance instrument as an analyzer for production by reducing price. A new probe magnet was developed on the basis of the permanent magnet ring in this paper to provide a technological way for reducing the manufacturing cost, weight and volume of the existing nuclear magnetic resonance instrument (including MRI) probe.

Push-N-Scheme with Timeout for Content Delivery of Social Networking Services

  • Jun, Kyungkoo
    • Journal of Information Processing Systems
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    • v.10 no.1
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    • pp.81-91
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    • 2014
  • Widely spreading smart devices have become an important information sharing channel in everyday life. In particular, social networking services (SNS) are the hub for content creation and sharing. Users post their contents on SNS servers and receive contents of interest. Contents are delivered in either pull or push. Regarding delivery, cost and wait time are two important factors to be minimized, but they are in a trade-off relationship. The Push-N-scheme (PNS) and timeout-based push scheme (TPS) have been proposed for content delivery. PNS has an advantage in cost over TPS, whereas TPS has an edge in terms of the wait time over PNS. We propose a hybrid push scheme of PNS and TPS, called push-N-scheme with timeout (PNT), to balance the cost and the wait time. We evaluate PNT through simulations, with the results showing that PNT is effective in balancing PNS and TPS.

Test Process Improvement by Cost of Quality Model in Defense Software Development (Cost of Quality 모델을 이용한 국방 소프트웨어 개발에서의 테스트 프로세스 개선)

  • Park, Dong-Hoo;Ryu, Ho-Yeon;Kim, Jin-Soo
    • Proceedings of the Korean Information Science Society Conference
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    • 2007.06b
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    • pp.74-79
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    • 2007
  • 고객이 요구한 제품은 테스트에 따라 그의 품질을 보장할 수 있기 때문에 테스트에 대한 관심과 중요성이 커지고 있는 만큼 테스트에 소요되는 비용 또한 실제 개발에 소요되는 비용에서 큰 비중을 차지하고 있고 그 중요성 또한 강조되고 있다. 하지만 실제 국내의 소프트웨어 개발 현실을 살펴 보면 제품의 개발 기한을 보장하기 위해서 테스트를 간과 함으로써 예상치 못하게 고객이 요구하는 제품의 품질을 만족시키지 못하고 있다. 또한 이러한 테스트 활동을 통한 품질 보장 활동의 필요성을 인정하지만 현재 개발 프로세스의 문제점 파악 혹은 개선 방향에 대해서 모호한 비전을 가지고 활동하기 때문에 성과가 미비하기도 하다. 본 논문에서는 국방 소프트웨어의 소프트웨어 개발 활동 내에서의 테스트 활동 및 제품의 품질에 대한 문제점을 지적하고 Cost of Quality (CoQ) 모델을 통해서 문제점을 분석함으로써 고 품질의 제품을 개발하기 위한 테스트 프로세스 개선에 대한 동기 부여 및 개선 방안을 제시하고자 한다.

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Corporate Form and Voluntary Disclosure Quality

  • Kim, Ki Beom;Park, Sung Hyun
    • International Journal of Internet, Broadcasting and Communication
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    • v.13 no.2
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    • pp.20-26
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    • 2021
  • Considering the role of a financial analyst that directly affects investors as an information mediator, management's decision to disclose to maximize corporate value will have an important impact on investors as well. On the other hand, whether or not managers vary the level of disclosure depending on the corporate form will have great implications for policy authorities. However, there is no domestic research on the relationship between the corporate form and the quality of voluntary disclosure. Our study shows that the corporate form tends to deepen the negative relationship between the proprietary information cost and the quality of disclosure. Examining whether the relationship between proprietary information cost and management disclosure decision making is valid for domestic companies is expected to provide meaningful implications for investors and regulators. Depending on the corporate form, if an entity makes a discriminatory disclosure, the cost of capital will be affected. A more in-depth follow-up study on this should be done.

Analysis of Wildlife Moving Route with Landscape Characteristics (경관의 특성에 따른 동물의 이동경로에 관한 연구)

  • Lee, Dong-Kun;Park, Chan;Song, Won-Kyong
    • Journal of Environmental Impact Assessment
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    • v.17 no.2
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    • pp.133-141
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    • 2008
  • The loss, alteration, and fragmentation of habitat have led to a reduction of biodiversity. The growing awareness of the negative effects of habitat fragmentation on natural systems has resulted in conservation strategy that is concerned with not only population and habitat level but also ecosystem and landscape level. Especially, ecological network to link core areas or major habitat patches is one of the most important issues. Recently, landscape connectivity is increasingly used in decision making for fragmented landscape management in order to conserve the biodiversity in the regional scale. The objective of this study was to find potential forest as a ecological corridor in Go-yang city, Gyung-gi province using cost-distance modelling method that can measure connectivity based on animal movement. 'Least cost-distance' modelling based on functional connectivity can be useful to establish ecological network and biodiversity conservation plan. This method calculates the distance modified with the cost to move between habitat patches based on detailed geographical information on the landscape as well as behavioural aspects of the animal movement. The least cost-distance models are based on two biologically assumptions: (1) dispersers have complete knowledge of their surroundings, and (2) they do select the least cost route from this information. As a result of this study, we can find wildlife moving route for biodiversity conservation. The result is very useful for long-term aspect of biodiversity conservation plan in regional scale, because this is reflection of geographical information and behavioural aspects of the animal movement.

Financial Disclosure and the Cost of Equity Capital: The Empirical Test of the Largest Listed Companies of Kazakhstan

  • Baimukhamedova, Aizhan;Baimukhamedova, Gulzada;Luchaninova, Albina
    • The Journal of Asian Finance, Economics and Business
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    • v.4 no.3
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    • pp.5-17
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    • 2017
  • This study extends research into whether disclosure of corporate and financial information is associated with firms' costs of equity capital. This study sets out to examine empirically the determinants of corporate disclosure in the annual reports of 37 largest and most liquid firms listed on Kazakhstan Stock Exchange (KASE) in Kazakhstan. It also reports the results of the association between company-specific characteristics and disclosure of the sample companies. Based on the analysis of existing empirical research, the disclosure index has been constructed and regression analysis of the influence of the disclosure index on the cost of equity capital has been conducted. The obtained results show that the received findings correlate with foreign empirical studies, and the disclosure index in this sample has a negative impact on the cost of equity capital. Using cost of equity capital estimates derived from capital asset pricing model, we find that firms with higher levels of financial transparency are associated with significantly lower costs of equity capital. Economic theory assumes that by increasing the level of corporate reporting, firms not only increase their stock market liquidity, but also decrease the investors' estimation risk, arising from uncertainty about future returns and payout distributions. The results show that firms on the Kazakhstan market can reduce their cost of equity capital by increasing the level of their voluntary corporate disclosures.

A Study on the Effects of ICT Infrastructure Cost on Information System Life Cycle (정보시스템 수명주기에 인프라가 미치는 영향관계에 대한 연구)

  • Moon, Heoungkeun;Kim, Jeongho;Lee, Seogjun;Park, Sungsik
    • Journal of Information Technology and Architecture
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    • v.10 no.3
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    • pp.323-334
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    • 2013
  • There are many studies on the project planning, project management and quality management. The cost of the new project takes only 20% of system's lifetime resource and the costs of the maintenance and infrastructure take more than 80%, so the study on the maintenance is much more important than the study on the new project. There has been many studies on the economic life cycle of the system using it's maintenance cost, but no studies on it's infrastructure cost. This paper provides how we can adapt infrastructure cost, which takes more than 40% of system's life cycle cost, to the economic life cycle of the system and its effects on the system's economic life cycle.