• Current Applied Physics
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• v.18 no.11
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• pp.1174-1181
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• 2018

In nanomagnetism, one of the crucial scientific questions is whether magnetic behaviors are deterministic or stochastic on a nanoscale. Apart from the exciting physical issue, this question is also of paramount highest relevance for using magnetic materials in a wealth of technological applications such as magnetic storage and sensor devices. In the past, the research on the stochasticity of a magnetic process has been mainly done by macroscopic measurements, which only offer ensemble-averaged information. To give more accurate answer for the question and to fully understand related underlying physics, the direct observation of statistical behaviors in magnetic structures and magnetic phenomena utilizing advanced characterization techniques is highly required. One of the ideal tools for such study is a full-field soft X-ray microscope since it enables imaging of magnetic structures on the large field of view within a few seconds. Here we review the stochastic behaviors of various magnetic processes including magnetization reversal process in thin films, magnetic domain wall motions in nanowires, and magnetic vortex formations in nanodisks studied by full-field soft X-ray microscopy. The origin triggering the stochastic nature witnessed in each magnetic process and the way to control the intrinsic nature are also discussed.

• Korean Management Science Review
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• v.11 no.2
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• pp.29-41
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• 1994

This paper analyses the stochastic nature of the Permanent Income Hypothesis (PIH) by specifying the variance-covariance structure of PIH based on Hall and Mishkin[3]. Maximum likelihood is employed to estimate the model by explicitely incorporating the heteroscedastic nature of the data into the likelihood. The data used are individual Korean household consumption and income data. The results indicate that the data are generally consistent with the Permanent Income Hypothesis, and about 11 percent of the total variation in consumption may be attributable to the excess sensitivity of consumption to income.

• Journal of the Korean Society for Industrial and Applied Mathematics
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• v.19 no.4
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• pp.417-428
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• 2015

Although, in general, the random fluctuation of interest rates gives a limited impact on portfolio optimization, their stochastic nature may exert a significant influence on the process of selecting the proportions of various assets to be held in a given portfolio when the stochastic volatility of risky assets is considered. The stochastic volatility covers a variety of known models to fit in with diverse economic environments. In this paper, an optimal strategy for portfolio selection as well as the smoothness properties of the relevant value function are studied with the dynamic programming method under a market model of both stochastic volatility and stochastic interest rates.

• The Transactions of the Korean Institute of Electrical Engineers
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• v.41 no.4
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• pp.346-354
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• 1992

In the power-system, the active and reactive power levels of load bus randomly vary over days, months, and years which are stochastic in nature. This paper presents an algorithm for optimal Var planning considering the uncertainties of loads. The optimization problem is solved by a stochastic linear programming technique which can handle stochastic constraints to evaluate optimal Var requirement at load bus to maintain the voltage profile which results in probabilistic density function by stochastic Load Flow analysis within admissible range. The effectiveness of the proposed algorithm has been verified by the test on the IEEE-30 bus system.

• Journal of Korean Institute of Industrial Engineers
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• v.31 no.1
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• pp.27-35
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• 2005

Due to the importance of lead time demand in the design of inventory management systems, researchers and practitioners have paid continuous attention and a few analytic models using the compound distribution approach have been reported. However, since the nature of compound distributions is hardly amenable, the analytic models have been done by non‐recognition of the compound nature of some components to reduce the analytic task. This study concerns some of the important aspects in the analytic models. Through the theoretic examination of the analytic model approach and the comparison with the rigid compound stochastic process approach, this study clarifies the assumptions implicitly made by the analytic models and provides some precautions in using the analytic models. Illustrative examples are also presented.

• Proceedings of the Korea Concrete Institute Conference
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• 2006.11a
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• pp.877-880
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• 2006

The stochastic nature of the tensile strength of concrete is investigated theoretically and experimentally. The tensile strength of concrete was modeled by a theory based on the failure probability of a crack arbitrarily oriented within a concrete body. According to this model, the stochastic nature of the tensile strength depend on the current stress state. This aspect was checked experimentally using a classical three point bend specimen and a rectangular plate specimen loaded at the center. It has been known that the biaxial strength is no different from the uniaxial strength. However, if the region where the tensile strength is constant gets small, the biaxial tensile strength increases and its stochastical variation decreases.

• Industrial Engineering and Management Systems
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• v.16 no.1
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• pp.44-51
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• 2017

In today's competitive environment, supply chain management is a major concern for a company. Two of the key issues in supply chain management are transportation and inventory management. To achieve significant savings, companies should integrate these two issues instead of treating them separately. In this paper we develop a framework for modeling stochastic programming in a supply chain that is subject to demand uncertainty. With reasonable assumptions, two stochastic programming models are presented, respectively, including a single-period and a multi-period situations. Our assumptions allow us to capture the stochastic nature of the problem and translate it into a deterministic model. And then, based on the genetic algorithm and stochastic simulation, a solution method is developed to solve the model. Finally, the computational results are provided to demonstrate the effectiveness of our model and algorithm.

• KSCE Journal of Civil and Environmental Engineering Research
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• v.13 no.1
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• pp.55-63
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• 1993

Finite element analyses are conducted with stochastic elastic moduli when truss structures are subjected to static loads of a deterministic nature. Stochastic stiffness matrix is derived from stochastic shape functions and numerical analyses are performed within the framework of the Monte Carlo method. Analysis methods are verified for the space truss and applied to cable stayed bridge for determining the cable force.

• Journal of Korean Institute of Industrial Engineers
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• v.43 no.1
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• pp.1-11
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• 2017

Stochastic resource-constrained project scheduling problem is an extension of resource-constrained project scheduling problem such that activity duration has stochastic nature. In real situation where activity duration is not known until the activity is finished, open-loop based static policies such as activity-based policy and priority-based policy will not well cope with duration variability. Then, a dynamic policy based on closed-loop decision making will be regarded as an alternative toward achievement of minimal makespan. In this study, a dynamic policy designed to select activities to start at each decision time point is illustrated. The performance of static and dynamic policies based on variable neighborhood search is evaluated under the discrete-event simulation environment. Experiments with J120 sets in PSPLIB and several probability distributions of activity duration show that the dynamic policy is superior to static policies. Even when the variability is high, the dynamic policy provides stable and good solutions.

• KSII Transactions on Internet and Information Systems (TIIS)
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• v.16 no.1
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• pp.97-115
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• 2022

Smart power grid is a user friendly system that transforms the traditional electric grid to the one that operates in a co-operative and reliable manner. Demand Response (DR) is one of the important components of the smart grid. The DR programs enable the end user participation by which they can communicate with the electricity service provider and shape their daily energy consumption patterns and reduce their consumption costs. The increasing demands of electricity owing to growing population stresses the need for optimal usage of electricity and also to look out alternative and cheap renewable sources of electricity. The solar and wind energy are the promising sources of alternative energy at present because of renewable nature and low cost implementation. The proposed work models a smart home with renewable energy units. The random nature of the renewable sources like wind and solar energy brings an uncertainty to the model developed. A stochastic dual descent optimization method is used to bring optimality to the developed model. The proposed work is validated using the simulation results. From the results it is concluded that proposed work brings a balanced usage of the grid power and the renewable energy units. The work also optimizes the daily consumption pattern thereby reducing the consumption cost for the end users of electricity.