• Title/Summary/Keyword: Value Model

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Estimation of Interregional Mode Choice Models and Value of Travel Time Accommodating Taste Variation of Individuals (개인의 선호다양성을 고려한 지역간 수단선택 모형 구축 및 시간가치 추정 연구)

  • Cho, Shin-hyung;Seo, Young-hyun;Kho, Seung-young;Rhee, Sung-mo
    • Journal of the Korean Society for Railway
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    • v.20 no.2
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    • pp.288-298
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    • 2017
  • The system of high-speed and conventional railway vehicles is diversified, and significant technological development in performance has been achieved. This study analyzed the modal change characteristics; furthermore, it estimated the value of travel time by improving the travel time and cost for the passenger's perception of railway. In this study, we formulate a mode choice model for passengers and compare it with the mixed logit model which reflects individual taste variation. In addition, the validity of the analysis is presented through an estimation the value of travel time using the derived model. For this purpose, a stated preference survey was conducted with 510 people using public transportation. The benefits of time-saving can be accurately determined by estimating the value of time spent on the railway. Appropriate fares for public transportation can also be estimated.

A Study on the Design Value Analysis Model Using Probabilistic LCC Analysis of Water Supply System Project (확률적 LCC분석기법을 활용한 수도시설물의 설계VA모델에 관한 연구)

  • Jung Pyung-Ki;Seo Jong-Won;Lim Jong-Kwon
    • Korean Journal of Construction Engineering and Management
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    • v.5 no.2 s.18
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    • pp.181-193
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    • 2004
  • A life cycle cost analysis model for public water supply systems should be different from the ones for other civil and architectural facilities as the operation and the maintenance cost of the water supply systems mainly come from the various mechanical systems and the pipeline systems of the collecting/treating/distributing facilities. This paper presents a cost classification scheme and a probabilistic life cycle cost analysis (PLCCA) model for public water supply systems. A value analysis (VA) procedure that is well suited for practical purposes is also presented. The presented probabilistic life cycle model and the value analysis procedure were applied to a real world project, and this case study is discussed in the paper. The model and the procedure presented in this study can greatly contribute to the value-oriented design alternative selection, the estimation of the maintenance cost, and the allocation of budget for water supply system construction projects.

Formation of Nearest Neighbors Set Based on Similarity Threshold (유사도 임계치에 근거한 최근접 이웃 집합의 구성)

  • Lee, Jae-Sik;Lee, Jin-Chun
    • Journal of Intelligence and Information Systems
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    • v.13 no.2
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    • pp.1-14
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    • 2007
  • Case-based reasoning (CBR) is one of the most widely applied data mining techniques and has proven its effectiveness in various domains. Since CBR is basically based on k-Nearest Neighbors (NN) method, the value of k affects the performance of CBR model directly. Once the value of k is set, it is fixed for the lifetime of the CBR model. However, if the value is set greater or smaller than the optimal value, the performance of CBR model will be deteriorated. In this research, we propose a new method of composing the NN set using similarity scores as themselves, which we shall call s-NN method, rather than using the fixed value of k. In the s-NN method, the different number of nearest neighbors can be selected for each new case. Performance evaluation using the data from UCI Machine Learning Repository shows that the CBR model adopting the s-NN method outperforms the CBR model adopting the traditional k-NN method.

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Measurement Allocation by Shapley Value in Wireless Sensor Networks

  • Byun, Sang-Seon
    • Journal of information and communication convergence engineering
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    • v.16 no.1
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    • pp.38-42
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    • 2018
  • In this paper, we consider measurement allocation problem in a spatially correlated sensor field. Our goal is to determine the probability of each sensor's being measured based on its contribution to the estimation reliability; it is desirable that a sensor improving the estimation reliability is measured more frequently. We consider a spatial correlation model of a sensor field reflecting transmission power limit, noise in measurement and transmission channel, and channel attenuation. Then the estimation reliability is defined distortion error between event source and its estimation at sink. Motivated by the correlation nature, we model the measurement allocation problem into a cooperative game, and then quantify each sensor's contribution using Shapley value. Against the intractability in the computation of exact Shapley value, we deploy a randomized method that enables to compute the approximate Shapley value within a reasonable time. Besides, we envisage a measurement scheduling achieving the balance between network lifetime and estimation reliability.

The Role of IOT in the Model of Business Value Chain (기업의 가치사슬 모형에서의 IOT의 역할)

  • Kim, Do-Goan;Shin, Seong-Yoon
    • Proceedings of the Korean Institute of Information and Commucation Sciences Conference
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    • 2016.05a
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    • pp.145-147
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    • 2016
  • Traditionally, information technology have much influenced the activities and effectiveness of business process in business value chain. However, today, the new IOT not only leads the major change in the structure of business value chain but also has been emerging as the compertitive power itself in the business activities. In this point, it is to review the role of IOT in business value chain.

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Using Real Options to value the flexibility of Engineering Management decisions in Infrastructure Projects

  • Koo, Bonsang
    • Journal of Construction Engineering and Project Management
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    • v.3 no.1
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    • pp.10-13
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    • 2013
  • Determining on a particular construction method is typically decided in the initial phases of a project. However, changing conditions during actual construction may require a different method or technology to be employed. Providing an option for project managers to change construction provides flexibility that can increase value to the overall project. This research provides the ability to modify construction methods as a real option, which allows its value to be modeled. The research also formalizes a way to integrate a binomial lattice model with the Earned Value Method's S-curve. The integrated model provides a decision support tool that planners can use to determine whether to exercise the option depending on the status metrics provided by EVM.

Improvements of logistics service focusing on value factors utilizing QFD (QFD를 활용한 가치요소 중심의 물류서비스 개선방안)

  • Jung, Youg-Suk;Kang, Kyung-Sik
    • Journal of the Korea Safety Management & Science
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    • v.19 no.4
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    • pp.209-219
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    • 2017
  • Logistics companies want to be competitive companies in fierce logistics market and are worrying about securing of differentiated competitiveness for it. The standards judging if logistics industry maintains the competitiveness are based on the satisfaction of users due to the well-established service system that can response not only economic feasibility of logistics costs such as transportation costs, storage costs, unloading charges, information costs, etc. but also diversity and upgradability of logistics needs. Therefore, this study focuses on seeking of service quality improvements with VBSD(Value Based Service Design) model focusing on customer value factors based on Kano model and QFD based service design approach from angles of customer value improvement and service costs reduction.

Municipal waste classification system design based on Faster-RCNN and YoloV4 mixed model

  • Liu, Gan;Lee, Sang-Hyun
    • International Journal of Advanced Culture Technology
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    • v.9 no.3
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    • pp.305-314
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    • 2021
  • Currently, due to COVID-19, household waste has a lot of impact on the environment due to packaging of food delivery. In this paper, we design and implement Faster-RCNN, SSD, and YOLOv4 models for municipal waste detection and classification. The data set explores two types of plastics, which account for a large proportion of household waste, and the types of aluminum cans. To classify the plastic type and the aluminum can type, 1,083 aluminum can types and 1,003 plastic types were studied. In addition, in order to increase the accuracy, we compare and evaluate the loss value and the accuracy value for the detection of municipal waste classification using Faster-RCNN, SDD, and YoloV4 three models. As a final result of this paper, the average precision value of the SSD model is 99.99%, the average precision value of plastics is 97.65%, and the mAP value is 99.78%, which is the best result.

Integrating Real Options with Earned Value methods as a decision support tool for the financial evaluation of alternative construction methods

  • Bonsang Koo
    • International conference on construction engineering and project management
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    • 2013.01a
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    • pp.129-132
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    • 2013
  • Determining on a particular construction method is typically decided in the initial phases of a project. However, changing conditions during actual construction may require a different method or technology to be employed. Providing an option for project managers to change construction provides flexibility that can increase value to the overall project. This research provides the ability to modify construction methods as a real option, which allows its value to be modeled. The research also formalizes a way to integrate a binomial lattice model with the Earned Value Method's S-curve. The integrated model provides a decision support tool that planners can use to determine whether to exercise the option depending on the status metrics provided by EVM.

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The Effects of Service Quality and Costs of Power Plant Maintenance Services on Customer Value and Customer Satisfaction (발전설비 정비서비스의 품질과 비용이 고객가치와 고객만족에 미치는 영향)

  • Lee, Jin-Ho;Kim, Jong-Hoon;Yoo, Han-Joo
    • Journal of Korean Society for Quality Management
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    • v.40 no.1
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    • pp.73-87
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    • 2012
  • The previous researches have addressed the importance of service quality, customer perceived value, and customer satisfaction, but the precise nature of the interrelationship that exist between these constructs still remains a key issue. This study extend the previous researches by developing a conceptual framework linking all of these constructs, additionally including service costs and customer expected value, in a business-to-business setting. The hypothesized model indicates that delivering high quality and lower costs service can create superior customer value and results in higher customer satisfaction. The authors test the hypothesized model on data obtained from power plant operators using structural equation modeling. The results suggest that service quality displays a stronger potential for creating customer value than costs consideration. In addition, the results reveal that managing the customer expected value is important for obtaining higher customer satisfaction.