• Title/Summary/Keyword: Incurred loss

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Economic Decision of Specification Limits for a Ham Production Process - An Industrial Case Study -

  • Cha, Young-Joon;Hong, Yeon-Woong;Lee, Jae-Man
    • Journal of the Korean Data and Information Science Society
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    • v.16 no.4
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    • pp.943-949
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    • 2005
  • An economic design of specification limits for production process of ham is considered for a given process mean in a complete inspection plan. Each ham is inspected, and if it meets the specification, it is accepted. The ham less than the lower specification limit are changed another products or at a discounted price, and those greater than the upper specification limit are reworked. A profit model is developed which involves selling price, production cost, rework cost and the cost which is incurred by imperfect quality. Methods for finding the optimal specification limits are derived for the case of piecewise linear loss function with an industrial case study.

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A Bayesian Decision Model for a Deteriorating Repairable System (열화시스템의 수리를 위한 베이지안 의사결정 모형의 개발)

  • Kim, Taeksang;Ahn, Suneung
    • Journal of Korean Institute of Industrial Engineers
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    • v.32 no.2
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    • pp.141-152
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    • 2006
  • This paper presents the development of a decision model to examine the optimal repair action for a deteriorating system. In order to make a reasonable decision, it is necessary to perform an analysis of the uncertainties embedded in deterioration and to evaluate the repair actions based on the expected future cost. Focusing on the power law failure model, the uncertainties related to deterioration are analyzed based on the Bayesian approach. In addition, we develop a decision model for the optimal repair action by applying a repair cost function. A case study is given to illustrate a decision-making process by analyzing the loss incurred due to deterioration.

Analysis on the Relationship between the Prices of Pulps and Wood Chips (펄프 가격과 목재칩 가격간의 상관관계 분석)

  • Lee, Kee-Hyun;Kim, Chul-Hwan;Kim, Eui-Gyeong;Ahn, Byeong-Il
    • Journal of Korea Technical Association of The Pulp and Paper Industry
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    • v.43 no.3
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    • pp.128-136
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    • 2011
  • In order to investigate the relationship between the prices of wood chips and pulps, regression analysis and cointegration test were conducted. Test results indicated that pulp producers adjusted pulp price in response to the change in wood-chip price and there were a long-run relationship between these prices. This implied that by raising the selling price of pulp, pulp producers avoid profit loss incurred by the increase in the wood-chip price. The existence of cointegration between wood chips and pulp prices implied that pulp producers were competing when they set the selling price of pulp.

On Rate-adaptive LDPC-based Cross-layer SVC over Bursty Wireless Channels

  • Cho, Yongju;Cha, Jihun;Radha, Hayder;Seo, Kwang-Deok
    • KSII Transactions on Internet and Information Systems (TIIS)
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    • v.6 no.9
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    • pp.2266-2284
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    • 2012
  • Recent studies have indicated that a significant improvement in wireless video throughput can be achieved by Cross Layer Design with Side-information (CLDS) protocols. In this paper, we derive the operational rate of a CLDS protocol operating over a realistic wireless channel. Then, a Rate-Distortion (R-D) empirical model for above-capacity Scalable Video Coding (SVC) is deduced to estimate the loss of video quality incurred under inaccurate rate estimation scenarios. Finally, we develop a novel Unequal Error Protection (UEP) scheme which leverages the characteristics of LDPC codes to reduce the distortion of video quality in case of typically-observed burst wireless errors. The efficacy of the proposed rate adaptation architecture over conventional protocols is demonstrated by realistic video simulations using actual IEEE 802.11b wireless traces.

Forecasting and Deciding When to Shutdown a Nuclear Power Plant to Prevent a Severe Accident (원자력 발전소 사고 예측 및 발전소 운행중지 정책 결정에 관한 연구)

  • Yang, Hee-Joong
    • Journal of Korean Society of Industrial and Systems Engineering
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    • v.23 no.55
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    • pp.25-31
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    • 2000
  • To make a better decision about when to shutdown a nuclear power plant, we build a decision model using influence diagrams. We proceed the analysis adopting a bayesian approach. Firstly, an accident arrival rate is assumed to be known and this assumption is relaxed later. We perform our analysis on the cases of exponential time to accidents, and gamma distribution for the arrival rate. An optimal shutdown time is obtained considering the trade-off between the costs incurred by an accident due to late shutdown and the possible loss of revenues due to the early shutdown. We also derive the upper bound of the failure rate where we may operate the plant.

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Variable latency L1 data cache architecture design in multi-core processor under process variation

  • Kong, Joonho
    • Journal of the Korea Society of Computer and Information
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    • v.20 no.9
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    • pp.1-10
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    • 2015
  • In this paper, we propose a new variable latency L1 data cache architecture for multi-core processors. Our proposed architecture extends the traditional variable latency cache to be geared toward the multi-core processors. We added a specialized data structure for recording the latency of the L1 data cache. Depending on the added latency to the L1 data cache, the value stored to the data structure is determined. It also tracks the remaining cycles of the L1 data cache which notifies data arrival to the reservation station in the core. As in the variable latency cache of the single-core architecture, our proposed architecture flexibly extends the cache access cycles considering process variation. The proposed cache architecture can reduce yield losses incurred by L1 cache access time failures to nearly 0%. Moreover, we quantitatively evaluate performance, power, energy consumption, power-delay product, and energy-delay product when increasing the number of cache access cycles.

Gold Stripe Optical Waveguides Fabricated by a Novel Double-Layered Liftoff Process

  • Kim, Jin-Tae;Park, Sun-Tak;Park, Seung-Koo;Kim, Min-Su;Lee, Myung-Hyun;Ju, Jung-Jin
    • ETRI Journal
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    • v.31 no.6
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    • pp.778-783
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    • 2009
  • To fabricate uniform and reliable thin gold stripes that provide low-loss optical waveguides, we developed a novel liftoff process placing an additional $SiN_x$ layer under conventional photoresists. By patterning a photoresist and over-etching the $SiN_x$, the photoresist patterns become free-standing structures on a lower-cladding. This leads to uniform metal stripes with good reproducibility and effectively removes parasitic structures on the edge of the metal stripe in the image reversal photolithography process. By applying the newly developed process to polymer-based gold stripe waveguide fabrication, we improved the propagation losses about two times compared with that incurred by the conventional image-reversal process.

Optimal Monetary Policy and Exchange Rate in a Small Open Economy with Unemployment

  • Rhee, Hyuk-Jae;Song, Jeongseok
    • East Asian Economic Review
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    • v.18 no.3
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    • pp.301-335
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    • 2014
  • In this paper, we consider a small open economy under the New Keynesian model with unemployment of Gal$\acute{i}$ (2011a, b) to discuss the design of the monetary policy. Our findings can be summarized in three parts. First, even with the existence of unemployment, the optimal policy is to minimize variance of domestic price inflation, wage inflation, and the output gap when both domestic price and wage are sticky. Second, stabilizing unemployment rate is important in reducing the welfare loss incurred by both technology and labor supply shocks. Therefore, introducing the unemployment rate as an another argument into the Taylor-rule type interest rate rule will be welfare-enhancing. Lastly, controlling CPI inflation is the best option when the policy is not allowed to respond to unemployment rate. Once the unemployment rate is controlled, however, stabilizing power of CPI inflation-based Taylor rule is diminished.

A Survey on Cognition Levels of Consumers and Producers for Product Liability (제조물책임에 대한 소비자와 생산자의 인식수준에 관한 연구)

  • Kim Jin Tae;Jeon Young Rok
    • Journal of the Korea Safety Management & Science
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    • v.7 no.3
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    • pp.109-120
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    • 2005
  • A company is liable for its products and has the responsibility to make good on any loss or damage incurred by the user of its product. The purpose of the Product Liability Act(PLA) is to protect consumers against damage caused by defective products, and contribute to the safety of the citizen's life and the sound development of the national economy by regulating the liability of manufacturers, etc. for damages caused by the defectiveness of their products. In this study, the cognition levels of consumers and producers for PLA were surveyed. The cognition levels of four factors of acknowledgement, comprehension, necessity and impact for PLA were assessed. The results were as follows : i) Acknowledgement and comprehension levels of consumer were assessed low but they assessed necessity and impact of PLA high; ii) Producers assessed necessity and impact of PLA higher than their acknowledgement and comprehension levels; iii) Overall cognition levels of producers were higher than those of consumers.

A Study on development of the real-time monitoring program about the bridge using ubiquitous technology (유비쿼터스 기술을 이용한 교량의 상시 모니터링 프로그램 개발에 관한 연구)

  • Jo, Byung-Wan;Kim, Do-Keun;Park, Jung-Hoon;Kim, Heoun
    • 한국방재학회:학술대회논문집
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    • 2008.02a
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    • pp.493-496
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    • 2008
  • In case of collapsed or damaged Servicing infrastructure, such as a bridge, tunnel, dam, a severe loss may have to be incurred. Therefore, infrastructure should not be designed and constructed properly but also maintained impeccably. This paper tried to build an intelligent bridge maintenance system that warn the people on bridge and control traffic in the danger. For the purpose, diverse wireless sensor fields are composed and structure's database is established. Also the paper develops a bridge maintenance program. Developed programme is regarded as a good tool to provide the utmost bridge management scenario, which is exactly correspondent with the demand and restraint by improving the present bridge management strategy.

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