• Title/Summary/Keyword: Statistical Decision Making

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Construction of Integrated Agricultural Statistical System Architecture for Effective Policy (농업정책 실효성 증대를 위한 농업통계시스템 아키텍처 구축)

  • Lee, Min-Soo;Chae, Young-Chan;Hong, Hee-Yeon;Kim, Sang-Ho;Kim, Jeong-Seop
    • Journal of Korean Society of Rural Planning
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    • v.11 no.4 s.29
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    • pp.75-91
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    • 2005
  • This study designs an integrated data architecture to systematically manage the agricultural statistics database. Managing the agricultural statistics is important since it provides data for policies and decision making for agribusinesses. Ministry of Agriculture and the National Statistical Office collect the basic agricultural statistic data which provides the basis of logical decision making and agricultural policies. However, the agricultural statistic data has not well been used. The data has not been consistently collected nor managed. The raw data has not been organized nor processed to meet various demands. The needs has been arisen for a consistent agricultural statistics system to increase the relevance, accessibility, and efficiency of data for various users. There are massive amount of data accumulated over a long time period. Introducing the new system and reorganizing the data will bear large risks. A systematic method is required to reduce the risks in planing, building, and maintaining the database without hindering administration. This study provides a design of the agricultural statistics system architecture based on the user requirement analysis (URA) and similar systems abroad. We have also build a prototype to check the implementability of the system design.

The Application of Fuzzy Delphi Method in Forecasting of the price index of stocks (주가지수의 예측에 있어 Fuzzy Delphi 방법의 적용)

  • 김태호;강경식;김창은;박윤선;현광남
    • Journal of Korean Society of Industrial and Systems Engineering
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    • v.15 no.26
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    • pp.111-117
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    • 1992
  • In the stock marketing. investor needs speedy and accurate decision making for the investment. A stock exchange index provides the important index of the early of 1993 in Korea using Fuzzy Delphi Method(F. D. M) which is widely used to a mid and long range forecasting in decision making problem. In the Fuzzy Delphi method, considerably qualified experts an first requested to give their opinion seperately and without intercommunication. The forecasting data of experts consist of Triangular Fuzzy Number (T.F.N) which represents the pessimistic, moderate, and optimistic forecast of a stock exchange index. A statistical analysis and dissemblance index are then made of these subject data. These new information are then transmitted to the experts once again, and the process of reestimation is continued until the process converges to a reasonable stable forecast of stock exchange index. The goal of this research is to forecast the stock exchange index using F.D.M. in which subjective data of experts are transformed into quasi -objective data index by some statistical analysis and fuzzy operations. (a) A long range forecasting problem must be considered as an uncertain but not random problem. The direct use of fuzzy numbers and fuzzy methods seems to be more compatible and well suited. (b) The experts use their individual competency and subjectivity and this is the very reason why we propose the use of fuzzy concepts. (c) If you ask an expert the following question: Consider the forecasting of the price index of stocks in the near future. This experts wi11 certainly be more comfortable giving an answer to this question using three types of values: the maximum value, the proper value, and the minimum value rather than an answer in terms of the probability.

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Structural monitoring of movable bridge mechanical components for maintenance decision-making

  • Gul, Mustafa;Dumlupinar, Taha;Hattori, Hiroshi;Catbas, Necati
    • Structural Monitoring and Maintenance
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    • v.1 no.3
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    • pp.249-271
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    • 2014
  • This paper presents a unique study of Structural Health Monitoring (SHM) for the maintenance decision making about a real life movable bridge. The mechanical components of movable bridges are maintained on a scheduled basis. However, it is desired to have a condition-based maintenance by taking advantage of SHM. The main objective is to track the operation of a gearbox and a rack-pinion/open gear assembly, which are critical parts of bascule type movable bridges. Maintenance needs that may lead to major damage to these components needs to be identified and diagnosed timely since an early detection of faults may help avoid unexpected bridge closures or costly repairs. The fault prediction of the gearbox and rack-pinion/open gear is carried out using two types of Artificial Neural Networks (ANNs): 1) Multi-Layer Perceptron Neural Networks (MLP-NNs) and 2) Fuzzy Neural Networks (FNNs). Monitoring data is collected during regular opening and closing of the bridge as well as during artificially induced reversible damage conditions. Several statistical parameters are extracted from the time-domain vibration signals as characteristic features to be fed to the ANNs for constructing the MLP-NNs and FNNs independently. The required training and testing sets are obtained by processing the acceleration data for both damaged and undamaged condition of the aforementioned mechanical components. The performances of the developed ANNs are first evaluated using unseen test sets. Second, the selected networks are used for long-term condition evaluation of the rack-pinion/open gear of the movable bridge. It is shown that the vibration monitoring data with selected statistical parameters and particular network architectures give successful results to predict the undamaged and damaged condition of the bridge. It is also observed that the MLP-NNs performed better than the FNNs in the presented case. The successful results indicate that ANNs are promising tools for maintenance monitoring of movable bridge components and it is also shown that the ANN results can be employed in simple approach for day-to-day operation and maintenance of movable bridges.

A Study for the Development of Motion Picture Box-office Prediction Model (영화 흥행 결정 요인과 흥행 성과 예측 연구)

  • Kim, Yon-Hyong;Hong, Jeong-Han
    • Communications for Statistical Applications and Methods
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    • v.18 no.6
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    • pp.859-869
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    • 2011
  • Interest has increased in academic research regarding key factors that drive box-office success as well as the ability to predict the box-office success of a movie from a commercial perspective. This study analyzed the relationship between key success factors of a movie and box office records based on movies released in 2010 in Korea. At the pre-production investment decision-making stage, the movie genre, motion picture rating, director power, and actor power were statistically significant. At the stage of distribution decision-making process after movie production, among other factors, the influence of star actors, number of screens, power of distributors, and social media turned out to be statistically significant. We verified movie success factors through the application of a Multinomial Logit Model that used the concept of choice probabilities. The Multinomial Logit Model resulted in a higher level of accuracy in predicting box-office success compared to the Artificial Neural Network and Discriminant Analysis.

Examining the PMIS Impacts on the Project Performance, User Satisfaction and Reuse Intention among the Project based Industries (프로젝트 성과, 사용자 만족도 및 재사용의도에 미치는 PMIS의 산업별 영향 비교)

  • Park, So-Hyun;Lee, Ayeon;Kim, Seung-Chul
    • Journal of Korean Society of Industrial and Systems Engineering
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    • v.44 no.3
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    • pp.276-287
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    • 2021
  • Project Management Information System (PMIS) is a special purpose information system that is created to provide useful information for project managers and participants to make effective and efficient decision making during projects. The use of PMIS is increasing in project based industries such as construction, defense, manufacturing, software development, telecommunication, etc. It is generally known that PMIS helps to improve the quality of decision making in project management, and consequently improves the project management performance. However, it is unclear what are the difference of PMIS impacts between industries, and still need to be studied further. The purpose of this study is to compare the impact of PMIS on project management performance between industries. We assume that the effects of PMIS will be different depending on the industry types. Five hypotheses are established and tested by using statistical methods. Data were collected by using a survey questionnaire from those people who had experience of using PMIS in various project related industries such as construction, defense, manufacturing, software development and telecommunication. The survey questionnaire consists of 5 point scale items and were distributed through e-mails and google drive network. A total of 181 responses were collected, and 137 were used for analysis after excluding those responses with missing items. Statistical techniques such as factor analysis and multiple regression are used to analyze the data. Summarizing the results, it is found that the impacts of PMIS quality on the PM performance are different depending on the industry types where PMIS is used. System quality seems to be more important for improving the PM performance in construction industry while information quality seems more important for manufacturing industry. As for the ICT and R&D industries, PMIS seems to have relatively lesser impact compared to construction and manufacturing industries.

A Comparative Study of Phishing Websites Classification Based on Classifier Ensemble

  • Tama, Bayu Adhi;Rhee, Kyung-Hyune
    • Journal of Korea Multimedia Society
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    • v.21 no.5
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    • pp.617-625
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    • 2018
  • Phishing website has become a crucial concern in cyber security applications. It is performed by fraudulently deceiving users with the aim of obtaining their sensitive information such as bank account information, credit card, username, and password. The threat has led to huge losses to online retailers, e-business platform, financial institutions, and to name but a few. One way to build anti-phishing detection mechanism is to construct classification algorithm based on machine learning techniques. The objective of this paper is to compare different classifier ensemble approaches, i.e. random forest, rotation forest, gradient boosted machine, and extreme gradient boosting against single classifiers, i.e. decision tree, classification and regression tree, and credal decision tree in the case of website phishing. Area under ROC curve (AUC) is employed as a performance metric, whilst statistical tests are used as baseline indicator of significance evaluation among classifiers. The paper contributes the existing literature on making a benchmark of classifier ensembles for web phishing detection.

Performance Comparison of Decision Trees of J48 and Reduced-Error Pruning

  • Jin, Hoon;Jung, Yong Gyu
    • International journal of advanced smart convergence
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    • v.5 no.1
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    • pp.30-33
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    • 2016
  • With the advent of big data, data mining is more increasingly utilized in various decision-making fields by extracting hidden and meaningful information from large amounts of data. Even as exponential increase of the request of unrevealing the hidden meaning behind data, it becomes more and more important to decide to select which data mining algorithm and how to use it. There are several mainly used data mining algorithms in biology and clinics highlighted; Logistic regression, Neural networks, Supportvector machine, and variety of statistical techniques. In this paper it is attempted to compare the classification performance of an exemplary algorithm J48 and REPTree of ML algorithms. It is confirmed that more accurate classification algorithm is provided by the performance comparison results. More accurate prediction is possible with the algorithm for the goal of experiment. Based on this, it is expected to be relatively difficult visually detailed classification and distinction.

A Study on Cost-Benefit Analysis for Value of Preventing a Statistical Fatality (개인생명가치추정을 통한 안전개선 비용효과 분석에 관한 연구)

  • Park Chan-Woo;Kim Sang-Am;Wang Jong-Bae;Hong Seong-Ho;Kwak Sang-Log
    • Proceedings of the KSR Conference
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    • 2004.10a
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    • pp.186-191
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    • 2004
  • Whenever some new measure to promote safety is being considered, one major input into the decision making process is to be some formal assessment of the costs and benefits involved. What levels of safety do many stakeholders believe the railway should deliver? This paper is a contribution to the efforts to answer the question. In this study, under Willing-To-Pay(WTP) based value of preventing a fatality(VPF) approach, we will study how much people are willing to trade off safety against other desirable things, summarize accepted quantitative criteria for safety quantitative criteria for safety decision, describe differences between these criteria and some current risk control actions, and present an outline of work under way to address issues related to cost-benefit analysis(CBA).

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A Case Study of the Design of the Decision Support System for Make-to-order Type Manufacturers (수주형 제조업체의 의사결정지원시스템 설계에 관한 사례 연구)

  • Park, Jae-Young;Moon, Il-Kyeong
    • IE interfaces
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    • v.20 no.1
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    • pp.11-20
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    • 2007
  • This case study aims to embody the requirement of the make-to-order type manufacturer who wants to manage risks effectively when decisions are required to be taken under a risk. First, we present a method for choosing the risk factors that should be controlled for the make-to-order type manufacturer. Subsequently, those factors have been verified using statistical methods such as the ANOVA test. The process flows to be operated with the selected risk factors and the rules for an early warning system have been proposed. For a couple of factors, a prototype system has been developed to illustrate actual applications. Applications of the technique developed here for other types of manufacturers might be an interesting research problem.

A Comparative Study of Phishing Websites Classification Based on Classifier Ensembles

  • Tama, Bayu Adhi;Rhee, Kyung-Hyune
    • Journal of Multimedia Information System
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    • v.5 no.2
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    • pp.99-104
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    • 2018
  • Phishing website has become a crucial concern in cyber security applications. It is performed by fraudulently deceiving users with the aim of obtaining their sensitive information such as bank account information, credit card, username, and password. The threat has led to huge losses to online retailers, e-business platform, financial institutions, and to name but a few. One way to build anti-phishing detection mechanism is to construct classification algorithm based on machine learning techniques. The objective of this paper is to compare different classifier ensemble approaches, i.e. random forest, rotation forest, gradient boosted machine, and extreme gradient boosting against single classifiers, i.e. decision tree, classification and regression tree, and credal decision tree in the case of website phishing. Area under ROC curve (AUC) is employed as a performance metric, whilst statistical tests are used as baseline indicator of significance evaluation among classifiers. The paper contributes the existing literature on making a benchmark of classifier ensembles for web phishing detection.