• Industrial Engineering and Management Systems
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• 제4권1호
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• pp.94-101
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• 2005

This paper presents the first known application of a meta-heuristic algorithm, variable neighbourhood descent (VND), to the redundancy allocation problem (RAP). The RAP, a well-known NP-hard problem, has been the subject of much prior work, generally in a restricted form where each subsystem must consist of identical components. The newer meta-heuristic methods overcome this limitation and offer a practical way to solve large instances of the relaxed RAP where different components can be used in parallel. The variable neighbourhood descent method has not yet been used in reliability design, yet it is a method that fits perfectly in those combinatorial problems with potential neighbourhood structures, as in the case of the RAP. A variable neighbourhood descent algorithm for the RAP is developed and tested on a set of well-known benchmark problems from the literature. Results on 33 test problems ranging from less to severely constrained conditions show that the variable neighbourhood descent method provides comparable solution quality at a very moderate computational cost in comparison with the best-known heuristics. Results also indicate that the VND method performs with little variability over random number seeds.

• The Journal of Asian Finance, Economics and Business
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• 제7권7호
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• pp.149-158
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• 2020

The purpose of this study was to investigate the impact of corporate governance index on the cost of equity in companies listed on the Tehran Stock Exchange. This study collects data from 975 observations during the period 2012 to 2018 to test the hypotheses using multiple linear regression model for the panel data. In this research, the independent variable of corporate governance index comprises of 27 specific corporate governance attributes. The results of hypothesis testing showed that corporate governance has a negative and significant effect on the rate of capital cost. In other words, the quality of corporate governance can lower the rate of capital cost. This result suggests that, by using a powerful corporate governance system and by declining the information asymmetry (increasing transparency) and agency conflict, we would be able to enhance the quality of financial reports. It would strengthen the capital market, attract financial suppliers and investors, and absorb the required financial resources of the firm by a lower rate. The findings of the study suggest that companies are able to reduce the cost of equity by establishing strong corporate governance. This conclusion suggests the importance and effectiveness of corporate governance in the cost of equity.

• 해양환경안전학회:학술대회논문집
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• 해양환경안전학회 2008년도 춘계학술발표회
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• pp.69-74
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• 2008

본 연구는 화원레저관광판지 개발에 따른 편익비용을 산출하였다. 편익비용 산출을 위해 본 연구에서는 개선된 여행자비용법과, 교통수단을 다양화하고, 설문응답자의 확신도 고려한 진전된 여행자비용법을 제안하였다. 그 결과 확신도 52%와 할인율 10%시 편익비용은 2928억 5백만원이고, GDP성장률 4%고려시 3045억 17백만원인 것으로 나타났다.

• 대한건축학회논문집:구조계
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• 제34권2호
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• pp.41-48
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• 2018

Carbonation is one of the major detrimental factors to the reinforced concrete structures owing to penetration of atmospheric CO2 through the micro pores, thereby it reduces the durability of the concrete. The maintenance periods and cost for concrete according to the coefficient variation of different finishing materials is documented in literature. However, it is required to carry out the systematic and well planned studies. Therefore, keeping them in mind, surface repair was carried out to the carbonated concrete and the maintenance cost was calculated to measure the durability life after repair with different variable. The deterministic and probabilistic methods were applied for durability and repair cost of the concrete. In the existing deterministic model, the cost of repair materials increases significantly when the concrete structure reaches its service life. In present study using a stochastic model, the maintenance period and cost was evaluated. According to obtained results, there was no significant difference in the number of maintenance of the coefficient variation. The initial durability has a great influence on the maintenance time and cost of the structure. Unlike the deterministic model, the probabilistic cost estimating model reduces the number of maintenance to the target service life expectancy.

• The Journal of Asian Finance, Economics and Business
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• 제8권4호
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• pp.769-776
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• 2021

The focus of this study is to investigate the effect of earnings management and audit quality on the cost of equity capital and also examines whether audit quality acts as a moderating variable for the effect of earnings management on the cost of equity capital. The population in this study are companies from the consumer goods industry sector listed on the Indonesia Stock Exchange (IDX) during the 2016-2018 period. This sector was chosen because it is a sector that is able to survive in conditions of economic decline, so it becomes a good investment opportunity in the future. The sample selection was carried out using purposive sampling technique. By using the Moderated Regression Analysis (MRA) technique, the results show that earnings management has a positive effect on the cost of equity capital. Conversely, companies with good audit quality will bear lower cost of equity capital. The moderating hypothesis test results show that audit quality moderates the effect of earnings management on the cost of equity capital. This means that, even though the company carries out earnings management, investors have more confidence in the results of audits conducted by qualified auditors so that the cost of equity capital is low.

• Asian Journal of Business Environment
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• 제12권1호
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• pp.1-9
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• 2022

Purpose: This study measures the effect of Information Technology (IT) on both cost and profit efficiency of State-owned Commercial Banks (SOCBs) in Bangladesh. Research design, data and methodology: Yearly Non-IT and IT data are collected from the annual report of SOCBs of Bangladesh from 2008 to 2017. Variable Return to Scale (VRS) cost Data Envelopment Analysis (DEA) and Profit DEA are employed to measure the efficiency of SOCBs and Ordinary Least Square (OLS) is used to investigate the impacts of ICT components on operating cost and profit efficiency for SOCBs. Results: The average cost efficiency (74.4%) was noticed higher than the average profit efficiency (20.6%) for SOCBs. SOCBs were more affordable and less profitable for both cost and profit efficiency. Rupali bank was the most cost efficient while Sonali bank was the most profit efficient. IT Investment and IT personnel expenses were positively significant for cost efficiency. IT income, IT personnel, IT personnel expenses, ATM expenses, and Credit card expenses were negatively significant for profit efficiency. Conclusion: The further studies can combine DEA with machine learning algorithms to study the impact of IT on banks' performances. The results could aid government to remove the hindrance of progress in Bangladesh.

• 대한전자공학회:학술대회논문집
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• 대한전자공학회 2000년도 제13회 신호처리 합동 학술대회 논문집
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• pp.857-860
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• 2000

In this letter, The proposed algorithm has processed the motion estimation and compensation only in the region which has the motion. By considering the temporal redundancies between the successive frames, the bit cost for representing the motion are reduced efficiently. The performance of them proposed technique show the superior result to the existing methods' in terms of both PSNR and coding cost.

• 한국경영과학회지
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• 제13권2호
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• pp.59-65
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• 1988

This paper discusses the problem of coordinating aggregate planning and production schedules, minimizing the combined set-up inventory and capacity costs. In this study, by using the relation of fixed production quantity and the number of set-up we develop a heuristirc procedure of solving the discrete demand, fixed production quantity, variable capacity problem. First, we obtain the trade-off between set-up cost and capacity cost, then search the point minimizing the combined inventory and capacity costs.

• 한국원자력학회:학술대회논문집
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• 한국원자력학회 1996년도 춘계학술발표회논문집(3)
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• pp.441-446
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• 1996

A preliminary conceptual design of the DUPIC fuel fabrication plant with production capacity of 400 MTHE/yr is presented. Capital and operating costs are also included. The levelized unit fabrication cost (LUC) for a reference mode was estimated at $509/kgHE, and sensitivity of some variable parameters to this reference was analysed.

• 한국토양비료학회지
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• 제38권4호
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• pp.202-210
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• 2005

정밀 농업 시행에 있어서 포장 변이성에 대한 이해가 필수적이므로, 직파 재배 논에서 포장 변이성 조사와 토양 검정 결과에 다른 질소 변량 시비에 대한 현장 시험이 전북 김제의 직파 재배 논 시험 포장과 농가 시범 포장에서 이루어졌다. $35m{\times}112m$ 단위 포장에서 10 m 간격의 방격형으로 표토의 토양 시료를 채취하여 분석하였다. 토양 유기물, 유효 인산 및 규산, 그리고 치환성 칼륨 등에 대한 분석이 이루어졌다. 시험 포장에 대한 토양 검정 결과에 의해 다수확과 저투입 농업을 위한 질소 시비 추천량을 계산하여 그 분포도를 작성하였다. 2001년과 2002년의 시험 포장에서의 질소 변량 시험을 토대로, 2003년에는 농가 포장 3개를 선정하여 저투입 질소 시비량을 기준으로 질소 변량 시비에 대한 농가 실증 시험을 하였고, 경제성을 분석하였다. 변량 시비에 의해 수량 중가 및 수량 변이 감소 효과를 알 수 있었다. 변량 시비에 의한 수량 증가와 시비량 절감에도 불구하고, 토양 검정에 소요되는 비용이 절감 비용을 초과하였다.