• Journal of Korean Society of Industrial and Systems Engineering
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• v.36 no.1
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• pp.36-43
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• 2013

Many retailer store managers are experiencing the situation where some customers balk at purchasing products if the stock is low. In this paper, we extend the single period newsvendor model in an environment of customer balking behavior occurring at double threshold inventory levels assuming the chance of sales during balking is a discrete function of inventory level. Our analysis is based on the assumption that only the mean and the variance of demand are known, without assuming any specific distributional form. We derive the explicit general expression of optimal order quantity with unknown distribution of demand with double threshold inventory levels of customer balking. Then, we illustrate the concepts developed here through simple numerical examples and conclude the future research topics under balking situation.

• Journal of the Ergonomics Society of Korea
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• v.24 no.1
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• pp.9-17
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• 2005

81.1% of traffic accidents is attributed to the drivers. In this regard, D/E model is a practical and effective method in terms of the cost and time in evaluating the road hazardousness. To examine the validity of the threshold values by the levels of demand We selected 10 subjects and collected their physiological signals while they were driving on Honam Highway (Jeonju ${\leftrighttarro}$ Hoideog section). Based on the collected data, the hazardous road condition was evaluated using the new threshold values of the effort level determined by cluster analysis. In applying the D/E model, a decision method based on the demand level was suggested, using a traffic accident prediction model. Additionally, the limit value of the effort level was determined using the drivers' physiological signal data collected at the highway. A comparison analysis of the two D/E models revealed no significant difference: The existing method and the clustering method determined 9 and 7 hazardous road zones, respectively, while actual traffic accidents were reported in 6 and 4 zones, respectively among the predicted road hazardous zones. However, the latter method suggested a more scientific and rational basis in determining the limit value of the Effort level. In conclusion, although D/E model has a great merit as a pioneering method to reflect human factors in evaluating the road hazardousness, it is believed that this method could be improved by a more dynamic method that considers the traffic conditions and the individual physiological signal of the drivers simultaneously in determining a better limit.

• International journal of advanced smart convergence
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• v.8 no.4
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• pp.169-178
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• 2019

Due to the characteristics of an ad hoc network without a control center, self-organization, and flexible topology, the trust evaluation of the nodes in the network is extremely difficult. Based on the analysis of ad hoc networks and the blockchain technology, a blockchain-based node-level trust evaluation model is proposed. The concepts of the node trust degree of the HASH list on the blockchain and the perfect reward and punishment mechanism are adopted to construct the node trust evaluation model of the ad hoc network. According to the needs of different applications the network security level can be dynamically adjusted through changes in the trust threshold. The simulation experiments demonstrate that ad-hoc on-demand distance vector(AODV) Routing protocol based on this model of multicast-AODV(MAODV) routing protocol shows a significant improvement in security compared with the traditional AODV and on-demand multipath distance vector(AOMDV) routing protocols.

• Journal of Korean Institute of Industrial Engineers
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• v.33 no.3
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• pp.312-321
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• 2007

We address a disposal issue of returned products in a product recovery system where a single product is stocked in order to meet a demand from customers who may return products after usage. Product returns occur randomly and can be accepted for remanufacturing or disposed of depending on the state of the system. We examine the structure of the optimal disposal policy for returned product that utilizes the information of the inventory of both serviceable and remanufacturable products. Numerical study indicates that it can be characterized by a monotonic threshold type of the curve. A disposal is allowed only when the remanufacturable inventory level exceeds a threshold which is the function of the inventory level of serviceable product and it is decreasing as the serviceable inventory level increases. Sensitivity analysis also indicates that the optimal disposal policy and the optimal profit have monotonic properties with respect to system parameters.

• Journal of Korean Society for Quality Management
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• v.40 no.4
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• pp.441-452
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• 2012

Purpose: In this paper, we have considered a problem of newsvendor model in an environment of random yields in quality and customer balking behavior, in which only the mean and the variance of the demand are known. In practice, the distributional information of the demand is very limited and only the mean and variance are guessed by experience. In addition, due to the customers balking behavior occurring when the available inventory level decreases, the product's demand becomes a function of inventory level so that the classical newsvendor's optimal order quantity is no longer optimal. Methods: We have developed an optimal order quantity model that enables us to incorporate the random yield of a product and the customer balking information such as a threshold inventory level of balking and the corresponding probability of a sale during the balking. Results: We illustrated the concepts developed here through simple numerical examples and showed the robustness of our model in a various setting of parameters. Conclusion: This paper provides a useful analysis showing that our distribution-specific and distribution-free approach to the optimal order quantity in the newsboy model can act as an effective tools to match supply with demand for these product lines.

• Journal of the Korean Institute of Landscape Architecture
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• v.21 no.3
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• pp.51-64
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• 1993

Meeting the rapidly increasing demand for natural outdoor recreation, Korea Forestry Administration established 26 places of $\ulcorner$Natural Recreation Forest$\lrcorner$ zones. By 2000 year, 100 zones were planned to cover the entire country. But there was no accurate information about demand of $\ulcorner$Natural Recreation Forest$\lrcorner$. Therefore, this study was carried out to forecast the quantitive demand of $\ulcorner$Natural Recreation Forest$\lrcorner$. To forecast the 'demand of 2001 year, forecasting unit was determined to $\ulcorner$Visitor. Day$\lrcorner$, and three quantifing methods were applied. The results of demand by each forecating method were as follows: 1) Questionnaire survey method for willingness to participate was 16,651,000(visitor. day). 2) application of similiar situation threshold method was 14,540,000(visitor. day). 3) Demand partition method by secondary data was 10,775,000(visitor, day). Comprised of these results. The scope estimate of $\ulcorner$Natural Recreation Forest$\lrcorner$ demand was proposed as 8,110,000(Minimum) - 27,088,000(Miximum). The point estimate of demand which were proposed as strategic guidelines was 16,651,000(visitor. day). These results implied that recently announced 111 predetermined $\ulcorner$Natural Recreation Forest$\lrcorner$ zones supposed to be overcrowded meeting the forcasted demand level of 2001 year.

• Journal of Industrial Convergence
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• v.19 no.6
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• pp.21-35
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• 2021

The purpose of this paper is to examine how demand for labor affects the job seeker's decision on the level of investment in education. In the current paradigm of economic growth in which innovations and technological developments generally weaken the strength demand for labor and increases the uncertainty related to employment, this paper provides a theoretical framework that can be used as a basic framework in understanding the decision of investment in education in varying conditions of demand for labor. The following are the findings of this paper. First, the level of investment in education can generally be regarded to be higher as the demand for labor exacerbates but for the job seekers with a certain characteristic. Second, the Arrow-Pratt absolute risk-aversion measure is the characteristic of the job seeker that determines in what direction the job seeker changes in the level of investment in education, For an arbitrary level of demand for labor there exists a certain threshold which determines the minimum degree of risk-aversion required for the job seeker's Arrow-Pratt should go over to increase the level of education as demand for labor weakens. Third, the job seekers lower the level of education even though the demand condition in labor markets weakens if the compensation function does not depend on the level of education. This is surprising because it turns out that one of the reasons why job seekers invest in education is that they want to be recognized in their compensation for their level of education even when more education still raises the probability of employment.

• Journal of Korean Institute of Industrial Engineers
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• v.30 no.1
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• pp.58-64
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• 2004

In order to determine the level of safety on highway driving, the relationship between the psychophysiological signal and driving condition was investigated. In particular, a Demand-Effort model was conceptualized and used in this study to diagnose the suitability of driving by reading the patterns of psychophysiological signals. To run the model, threshold values were determined to categorize the high, moderate and low level of effort. To examine the sensitivity of the model, a cross-validation process was performed by collecting additional data. Further investigation need to be conducted to improve the sensitivity of the model for practical application.

• Communications for Statistical Applications and Methods
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• v.11 no.3
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• pp.631-641
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• 2004

In this paper, a model for an inventory whose stock decreases with time is considered. When a deliveryman arrives, if the level of the inventory exceeds a threshold $\alpha$, no stock is delivered, otherwise a delivery is made. It is assumed that the size of a delivery is a random variable Y which is exponentially distributed. After assigning various costs to the model, we calculate the long-run average cost and show that there exist unique value of arrival rate of deliveryman $\alpha$, unique value of threshold $\alpha$ and unique value of average delivery m which minimize the long-run average cost.

• The Journal of the Institute of Internet, Broadcasting and Communication
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• v.18 no.6
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• pp.213-220
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• 2018

This paper deals with survival facility location problem(SFLP) that the store with less of demand threshold level is closed result from another new establishment of store in the same kind of comparative firms have a monopoly market. We will be faced with a difficult problem when a new establishment stores in market saturation that the closed stores more than opening stores. Serra et al. proposes recursive heuristic concentration algorithm, and Han et al. suggests maximum insurance of customer location. But the drawback of these algorithms is a recursively computation for many locations. This paper get the solution from only neighborhood search of comparative firm's stores that can be maximum customers and closed comparative firm's store, and the location with minimum customer exchange to the location that can be closed the comparative firm's store with maximum customer. The advantage of this algorithm is to get the solution using a MS-Excel.