• 디지털산업정보학회논문지
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• 제6권1호
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• pp.151-157
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• 2010

This paper proposes the Pyramid strategy which is based on the straddle sell. The Pyamid strategy has multi-entry features with starting date and delta parameters. And It is hedged against a loss by mutual trades and dynamic ripples. This paper analyzes the profit and MDD(maximum draw down) of the Pyramid strategy on system trading. The portfolio tool is used for the experiment which is one of the Multicharts' package. The Multicharts is a good trading system of recent years. For the experiment, three call options and three put options are used at october in 2009. Two parameters are used which are the starting date from first October to twentieth October in 2009 and delta from eight percent to fifty percent. As a result, the profit of composite option is about 3 million won. If the strategy starts before the beginning of option month, investors feel uncomfortable because of a large MDD. If a delta belows 20%, it shows high profit and the ratio of profit and MDD builds up a low value. However a low delta makes frequent trades and results in a loss unless increasing entry levels which mean more amount of investment. This work provides a safer trade system than native option trades. It is important how much levels of multi-entry are acceptable. And an amount of investment with appropriate levels of multi-entry is a subject of a future study.

• 한국경영과학회지
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• 제31권1호
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• pp.73-82
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• 2006

Supply chain management (SCM) has been regarded as one of the most critical issues in the current business environment. Moreover, supply chain partnerships between suppliers and buyers in SCM have had a significant impact on supply chain performance. In this paper, we conduct a quantitative analysis for supplier-buyer's profit sharing and pricing policies based on supply chain partnerships. For this purpose, we assume that a two echelon supply chain with a single supplier and a single buyer is given and the buyer faces deterministic demand which is not only a function of buyer's selling price, but also strictly decreasing, concave, and twice differentiable function. Then we will prove the following. Firstly, without supply chain partnerships, there exist supplier and buyer's selling prices per unit such that their total profits are maximized, under the assumption that buyer's order quantity is exactly equal to the demand buyer faced. Secondly, buyer's selling price per unit which maximizes supply chain's total profit with supply chain partnerships is lower than buyer's selling price per unit which maximizes buyer's total profit without supply chain partnerships. Thirdly, given supplier's selling price per unit. buyer's total profit without supply chain part nerships is greater than that with supply chain partnerships, whereas the opposite case happens for supplier's total profit. Finally, there exists supplier's selling price per unit which makes the maximum total profits for both supplier and buyer with supply chain partnerships greater than those obtained for any given supplier's selling price per unit without supply chain partnerships.

• Asian-Australasian Journal of Animal Sciences
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• 제26권11호
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• pp.1511-1517
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• 2013

This study was performed to estimate the effect of age at first calving and first two calving intervals on productive life and life time profit in Korean Holsteins. Reproduction data of Korean Holsteins born from 1998 to 2004 and lactation data from 276,573 cows with birth and last dry date that calved between 2000 and 2010 were used for the analysis. Lifetime profit increased with the days of life span. Regression of Life Span on Lifetime profit indicated that there was an increase of 3,800 Won (approximately $3.45) of lifetime profit per day increase in life span. This is evidence that care of each cow is necessary to improve net return and important for farms maintaining profitable cows. The estimates of heritability of age at first calving, first two calving intervals, days in milk for lifetime, lifespan, milk income and lifetime profit were 0.111, 0.088, 0.142, 0.140, 0.143, 0.123, and 0.102, respectively. The low heritabilities indicated that the productive life and economical traits include reproductive and productive characteristics. Age at first calving and interval between first and second calving had negative genetic correlation with lifetime profit (-0.080 and -0.265, respectively). Reducing age at first calving and first calving interval had a positive effect on lifetime profit. Lifetime profit increased to approximately 2,600,000 (2,363.6) from 800,000 Won ($727.3) when age at first calving decreased to (22.3 month) from (32.8 month). Results suggested that reproductive traits such as age at first calving and calving interval might affect various economical traits and consequently influenced productive life and profitability of cows. In conclusion, regard of the age at first calving must be taken with the optimum age at first calving for maximum lifetime profit being 22.5 to 23.5 months. Moreover, considering the negative genetic correlation of first calving interval with lifetime profit, it should be reduced against the present trend of increase.

• 기술사
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• 제34권3호
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• pp.33-40
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• 2001

Predict-Plan-Do is the main point to settle Safety management well, but we have neither Predict nor Plan. So just like the system of English CDM is necessary to be adapted in construction work which makes them work in full responsibility by clarifying the responsibility located step by step from planning to designing & constructing-To adapt this system needs more money for Safety than now, but this system makes companies earn maximum confidence & profit by accident prevention. Furthermore leads the nation and the society to earn large profit, then open the road to Welfare State. If you sees only the things such as money, profit, etc before your eyes, no more safety remains. That means no more respect of persons and no more welfare state.

• Management Science and Financial Engineering
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• 제20권2호
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• pp.27-31
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• 2014

This paper studies the assortment optimization problem in online retailing by using a multinomial logit model in order to take consumer choice behavior into account. We focus on two unique features of online purchase behavior: first, there exists increased amount of uncertainty (e.g., size and color of merchandize) in online shopping as customers cannot experience merchandize directly. This uncertainty is captured by the scale parameter of a Gumbel distribution; second, online shopping entails unique shopping-related disutility (e.g., waiting time for delivery and security concerns) compared to offline shopping. This disutility is controlled by the changes in the observed part of utility function in our model. The impact of changes in uncertainty and disutility on the expected profit does not exhibit obvious structure: the expected profit may increase or decrease depending on the assortment. However, by analyzing the structure of the optimal assortment based on convexity property of the profit function, we show that the cardinality of the optimal assortment decreases and the maximum expected profit increases as uncertainty or disutility decreases. Therefore, our study suggests that it is important for managers of online retailing to reduce uncertainty and disutility involved in online purchase process.

• 한국산업경영시스템학회:학술대회논문집
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• 한국산업경영시스템학회 2002년도 춘계학술대회
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• pp.19-24
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• 2002

The result of management profits create to manufacturing activity. The gross sale profits must be maximum thraw spend of economic value. The profit maximum have to management based key value driver of manufacturing activity. The important factors of the study model are manufacturing value driver(MVD) and manufacturing value added(MVA). We show necessity of management based value by means of a case study.

• 한국컴퓨터정보학회논문지
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• 제19권10호
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• pp.169-173
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• 2014

최적 해를 다항시간으로 얻을 수 있는 알고리즘이 알려져 있지 않은 NP-완전인 상자포장 문제의 일종인 바지선 적재 문제에 대해, Gu$\acute{e}$ret et al.은 $O(m^4)$ 수행 복잡도의 선형계획법으로 해를 얻고자 하였다. 반면에, 본 논문에서는 이득 우선순위로 적재하는 규칙인 O(m log m) 복잡도의 알고리즘을 제안하였다. 제안된 방법은 첫 번째로 이득 우선순위를 결정하였다. 다음으로, 이득 우선순위 물품들을 바지선에 적재하는 방법으로 초기 적재 결과를 얻었다. 마지막으로, 바지선 적재 용량을 미달하는 경우, 이전에 적재된 물품과 미선적된 물품을 상호 교환하여 바지선 적재용량을 충족시켰다. 실험 결과, 제안된 알고리즘은 NP-완전 문제인 바지선 적재 문제에 대해 선형계획법의 $O(m^4)$를 O(m log m)으로 단축시켰다.

• Nuclear Engineering and Technology
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• 제16권4호
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• pp.181-194
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• 1984

변분법을 사용하여 원자로의 핵연료 관리문제를 연구하였다. 원자력 발전소에 영향을 미치는 두 함수 즉 이윤함수와 가격함수는 원자로의 연소도방정식과 최대허용출력 밀도에 대한 부등 제약조건이며, 이들은 임계성의 제약조건이 된다. 초기이윤의 변분해는 원자로에 뚜렷한 두 영역이 있음을 보여 주었다. 즉 일정 출력 영역과 최소 재고량 또는 평활 중성자속 영역이 그것이다. 이들 든 영역의 변이점은 전력에 대한 이윤과 연료에 대한 이자 지급에 상당히 중요하다. 그러므로 각 영역에서 동일 농축도의 핵연료를 가질 동일 부피의 세 영역으로 된 원자로를 최적화 하기 위하여 핵연료 주기 가격 함수가 사용 되었다. 최대 허용 출력 밀도에 대한 부등 제약조건들은 이들 부등 제약 조건이 원자로심의 어느 특정 점이나 로심주기를 통하여 항상 동일 제약조건이 되어야 한다. 원자로의 임계성과 출력밀도에 대한 동일 제약조건에 관계된 핵연료의 연소도에 대한 계차 방정식의 해를 구하였으며 최적 농축도의 위치를 구하기-위하여 구배법을 사용하였다. 이들 계산결과는 부동 제약 조건들을 적절히 적용하면 원자로를 최적화하기 위하여 비선형 최적 기술이 사용될 수 있음을 보여 주었다.

• 대한산업공학회지
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• 제1권1호
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• pp.41-56
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• 1975

In the past the pattern of business down-trend usually appeared in the form of, first, decrease in facility investment, then decrease in inventory level, followed by reduced level of consumption. But the pattern nowadays is becoming just the opposite, that is, first, consumption decrease, then inventory level increase, followed by restriction of facility investment. Also in the past, the greater effort was placed in strengthening of hardware areas through optimization and modernization of production means on the premise of sales. But lately software areas take most of the main effort to establish production mean with sales as its objective. Under these circumstances one of the real problems facing production activities today is the conflicting relationship between sales and production functions. This occurs due to differences of their view points. Then, in order to achieve maximum profit at the least cost, which is the ultimate objective of a production activity, the need arises to effectively coordinate sales demand and plant production capacity. For this purpose strong control means and function must be devised. In our case study example we illustrate a management technique for a combined planning function, of optimal coordination of product mixes utilizing a computerized linear programming model as control means of attaining maximum profit. It is hoped that this example help achieve some of corporate objectives.

• 국제학술발표논문집
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• The 5th International Conference on Construction Engineering and Project Management
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• pp.141-144
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• 2013

This paper presents a system called a Cash-flow based Construction Schedule Optimization system(CfSO). The existing CPM effectively handles schedule and cost management. However, funding strategy should be considered to obtain maximum profit and to progress a project favorably. One of measures is to coordinate the contract terms between owner and subcontractors (or suppliers). Contractor may decrease the interest cost attributed to project financing by adjusting the timing of cash-inflows and cash-outflows. It is an excellent method maximizing profits. This paper presents a method to estimate the amount of a cash-flow occurred periodically by integrating the terms of contract into scheduling. The proposed method is implemented as a system prototype in Microsoft Excel. This system provides a user an automated tool that identifies an optimal schedule that secures maximum profit by adjusting start and finish times of non-critical activities' free-floats without affecting on the project completion time. This system supports a project manager to establish an optimum project schedule and identifies profitable contractual conditions against to a construction owner.