Abstract: The cumulative costs for O&M may represent as
much as 65%-90% of the turbine's investment cost. Nowadays the
cost effectiveness concept becomes a decision-making and
technology evaluation metric. The cost of energy metric accounts for
the effect replacement cost and unscheduled maintenance cost
parameters. One key of the proposed approach is the idea of
maintaining the WTs which can be captured via use of a finite state
Markov chain. Such a model can be embedded within a probabilistic
operation and maintenance simulation reflecting the action to be
done. In this paper, an approach of estimating the cost of O&M is
presented. The finite state Markov model is used for decision
problems with number of determined periods (life cycle) to predict
the cost according to various options of maintenance.
Abstract: This paper discusses the intake of combining multi-criteria
decision analysis (MCDA) with OLAP systems, to generate
an integrated analysis process dealing with complex multi-criteria
decision-making situations. In this context, a multi-agent modeling is
presented for decision support systems by combining multi-criteria
decision analysis (MCDA) with OLAP systems. The proposed
modeling which consists in performing the multi-agent system
(MAS) architecture, procedure and protocol of the negotiation model
is elaborated as a decision support tool for complex decision-making
environments. Our objective is to take advantage from the multi-agent
system which distributes resources and computational
capabilities across interconnected agents, and provide a problem
modeling in terms of autonomous interacting component-agents.
Thus, the identification and evaluation of criteria as well as the
evaluation and ranking of alternatives in a decision support situation
will be performed by organizing tasks and user preferences between
different agents in order to reach the right decision. At the end, an
illustrative example is conducted to demonstrate the function and
effectiveness of our MAS modeling.
Abstract: Strategic investment decisions are characterized by
high innovation potential and long-term effects on the
competitiveness of enterprises. Due to the uncertainty and risks
involved in this complex decision making process, the need arises for
well-structured support activities. A method that considers cost and
the long-term added value is the cost-benefit effectiveness estimation.
One of those methods is the “profitability estimation focused on
benefits – PEFB”-method developed at the Institute of Management
Cybernetics at RWTH Aachen University. The method copes with
the challenges associated with strategic investment decisions by
integrating long-term non-monetary aspects whilst also mapping the
chronological sequence of an investment within the organization’s
target system. Thus, this method is characterized as a holistic
approach for the evaluation of costs and benefits of an investment.
This participation-oriented method was applied to business
environments in many workshops. The results of the workshops are a
library of more than 96 cost aspects, as well as 122 benefit aspects.
These aspects are preprocessed and comparatively analyzed with
regards to their alignment to a series of risk levels. For the first time,
an accumulation and a distribution of cost and benefit aspects
regarding their impact and probability of occurrence are given. The
results give evidence that the PEFB-method combines precise
measures of financial accounting with the incorporation of benefits.
Finally, the results constitute the basics for using information
technology and data science for decision support when applying
within the PEFB-method.
Abstract: The process of human resources management in the structures of corporate groups demonstrates certain specificity, resulting from the division of decision-making and executive competencies, which occurs within these structures between a parent company and its subsidiaries. The subprocess of employee assessment is considered crucial, since it provides information for the implementation of personnel function. The empirical studies conducted in corporate groups, within which at least one company is located in Poland, confirmed the critical significance of employee assessment systems in the process of human resources management in corporate groups. Parent companies, most often, retain their decision-making authority within the framework of the discussed process and introduce uniform employee assessment and personnel controlling systems to subsidiary companies. However, the instruments for employee assessment applied in corporate groups do not present such specificity.
Abstract: The cities of Johannesburg and Pretoria both located in the Gauteng province are separated by a distance of 58 km. The traffic queues on the Ben Schoeman freeway which connects these two cities can stretch for almost 1.5 km. Vehicle traffic congestion impacts negatively on the business and the commuter’s quality of life. The goal of this paper is to identify variables that influence the flow of traffic and to design a vehicle traffic prediction model, which will predict the traffic flow pattern in advance. The model will unable motorist to be able to make appropriate travel decisions ahead of time. The data used was collected by Mikro’s Traffic Monitoring (MTM). Multi-Layer perceptron (MLP) was used individually to construct the model and the MLP was also combined with Bagging ensemble method to training the data. The cross—validation method was used for evaluating the models. The results obtained from the techniques were compared using predictive and prediction costs. The cost was computed using combination of the loss matrix and the confusion matrix. The predicted models designed shows that the status of the traffic flow on the freeway can be predicted using the following parameters travel time, average speed, traffic volume and day of month. The implications of this work is that commuters will be able to spend less time travelling on the route and spend time with their families. The logistics industry will save more than twice what they are currently spending.
Abstract: Patient-specific models are instance-based learning
algorithms that take advantage of the particular features of the patient
case at hand to predict an outcome. We introduce two patient-specific
algorithms based on decision tree paradigm that use AUC as a
metric to select an attribute. We apply the patient specific algorithms
to predict outcomes in several datasets, including medical datasets.
Compared to the patient-specific decision path (PSDP) entropy-based
and CART methods, the AUC-based patient-specific decision path
models performed equivalently on area under the ROC curve (AUC).
Our results provide support for patient-specific methods being a
promising approach for making clinical predictions.
Abstract: Many cluster based routing protocols have been
proposed in the field of wireless sensor networks, in which a group of
nodes are formed as clusters. A cluster head is selected from one
among those nodes based on residual energy, coverage area, number
of hops and that cluster-head will perform data gathering from
various sensor nodes and forwards aggregated data to the base station
or to a relay node (another cluster-head), which will forward the
packet along with its own data packet to the base station. Here a
Game Theory based Diligent Energy Utilization Algorithm (GTDEA)
for routing is proposed. In GTDEA, the cluster head selection is done
with the help of game theory, a decision making process, that selects
a cluster-head based on three parameters such as residual energy
(RE), Received Signal Strength Index (RSSI) and Packet Reception
Rate (PRR). Finding a feasible path to the destination with minimum
utilization of available energy improves the network lifetime and is
achieved by the proposed approach. In GTDEA, the packets are
forwarded to the base station using inter-cluster routing technique,
which will further forward it to the base station. Simulation results
reveal that GTDEA improves the network performance in terms of
throughput, lifetime, and power consumption.
Abstract: In this corporate world, the technology of Web
services has grown rapidly and its significance for the development
of web based applications gradually rises over time. The success of
Business to Business integration rely on finding novel partners and
their services in a global business environment. However, the
selection of the most suitable Web service from the list of services
with the identical functionality is more vital. The satisfaction level of
the customer and the provider’s reputation of the Web service are
primarily depending on the range it reaches the customer’s
requirements. In most cases, the customer of the Web service feels
that he is spending for the service which is undelivered. This is
because the customer always thinks that the real functionality of the
web service is not reached. This will lead to change of the service
frequently. In this paper, a framework is proposed to evaluate the
Quality of Service (QoS) and its cost that makes the optimal
correlation between each other. In addition, this research work
proposes some management decision against the functional deviancy
of the web service that is guaranteed at time of selection.
Abstract: In this paper, an attempt has been made for the design
of a robotic library using an intelligent system. The robot works on
the ARM microprocessor, motor driver circuit with 5 degrees of
freedom with Wi-Fi and GPS based communication protocol. The
authenticity of the library books is controlled by RFID. The proposed
robotic library system is facilitated with embedded system and ARM.
In this library issuance system, the previous potential readers’
authentic review reports have been taken into consideration for
recommending suitable books to the deserving new users and the
issuance of books or periodicals is based on the users’ decision. We
have conjectured that the Wi-Fi based robotic library management
system would allow fast transaction of books issuance and it also
produces quality readers.
Abstract: Green and renewable energy is getting extraordinary
consideration today, because of ecological concerns made by blazing
of fossil powers. Photovoltaic and wind power generation are the
basic decisions for delivering power in this respects. Producing
power by the sun based photovoltaic systems is known to the world,
yet control makers may get confounded to pick between on-grid and
off-grid systems. In this exploration work, an endeavor is made to
compare the off-grid (stand-alone) and on-grid (grid-connected)
frameworks. The work presents relative examination, between two
distinctive PV frameworks situated at V.V.P. Engineering College,
Rajkot. The first framework is 100 kW remain solitary and the
second is 60 kW network joined. The real-time parameters compared
are; output voltage, load current, power in-flow, power output,
performance ratio, yield factor, and capacity factor. The voltage
changes and the power variances in both frameworks are given
exceptional consideration and the examination is made between the
two frameworks to judge the focal points and confinements of both
the frameworks.
Abstract: In this work, a framework to model the Supply Chain
(SC) Collaborative Planning (CP) process is proposed. The main
contributions of this framework concern 1) the presentation of the
decision view, the most important one due to the characteristics of the
process, jointly within the physical, organisation and information
views, and 2) the simultaneous consideration of the spatial and
temporal integration among the different supply chain decision
centres. This framework provides the basis for a realistic and
integrated perspective of the supply chain collaborative planning
process and also the analytical modeling of each of its decisional
activities.
Abstract: This study aims to establish function point process
based on stochastic distribution. In order to demonstrate effectiveness
of the study we present a case study that it applies suggested method
on an automotive electrical and electronics system software
development based on Monte Carlo Simulation. It is expected that the
result of this paper is used as guidance for establishing function point
process in organizations and tools for helping project managers make
decisions correctly.
Abstract: Financial literacy is a widely discussed topic on the
national and international level by governments, organizations and
academia. For this reason, this study analyses financial knowledge,
financial behavior, and financial attitudes of students of finance. The
aim of the paper is to determine whether the financial literacy of
university students studying finance differs from the level of financial
literacy in selected OECD countries. The research was conducted at
Masaryk University in the Czech Republic. The empirical study
comprises questions related to several aspects of financial literacy,
such as financial knowledge, personal finance behavior, or decisionmaking.
The results indicate that improvement in financial literacy of
university students is still required, even though their major is finance
related.
Abstract: Project Portfolio Management (PPM) is an essential
component of an organisation’s strategic procedures, which requires
attention of several factors to envisage a range of long-term outcomes
to support strategic project portfolio decisions. To evaluate overall
efficiency at the portfolio level, it is essential to identify the
functionality of specific projects as well as to aggregate those
findings in a mathematically meaningful manner that indicates the
strategic significance of the associated projects at a number of levels
of abstraction. PPM success is directly associated with the quality of
decisions made and poor judgment increases portfolio costs. Hence,
various Multi-Criteria Decision Making (MCDM) techniques have
been designed and employed to support the decision-making
functions. This paper reviews possible options to enhance the
decision-making outcomes in organisational portfolio management
processes using the Analytic Hierarchy Process (AHP) both from
academic and practical perspectives and will examine the usability,
certainty and quality of the technique. The results of the study will
also provide insight into the technical risk associated with current
decision-making model to underpin initiative tracking and strategic
portfolio management.
Abstract: Finding the optimal 3D path of an aerial vehicle under
flight mechanics constraints is a major challenge, especially when
the algorithm has to produce real time results in flight. Kinematics
models and Pythagorian Hodograph curves have been widely used
in mobile robotics to solve this problematic. The level of difficulty
is mainly driven by the number of constraints to be saturated at the
same time while minimizing the total length of the path. In this paper,
we suggest a pragmatic algorithm capable of saturating at the same
time most of dimensioning helicopter 3D trajectories’ constraints
like: curvature, curvature derivative, torsion, torsion derivative, climb
angle, climb angle derivative, positions. The trajectories generation
algorithm is able to generate versatile complex 3D motion primitives
feasible by a helicopter with parameterization of the curvature and the
climb angle. An upper ”motion primitives’ concatenation” algorithm
is presented based. In this article we introduce a new way of designing
three-dimensional trajectories based on what we call the ”Dubins
gliding symmetry conjecture”. This extremely performing algorithm
will be soon integrated to a real-time decisional system dealing with
inflight safety issues.
Abstract: It is very important for a developing nation to
developing their infrastructure on the prime priority because their
infrastructure particularly their roads and transportation functions as a
blood in the system. Almost 1.1 billion populations share the travel
and transportation industry in India. On the other hand, the Pakistan
transportation industry is also extensive and elevating about 170
million users of transportation. Indian and Pakistani specifically
within bus industry are well connected within and between the urban
and rural areas. The transportation industry is radically helping the
economic alleviation of both countries. Due to high economic
instability, unemployment and poverty rate both countries
governments are very serious and committed to help for boosting
their economy. They believe that any form of transportation
development would play a vital role in the development of land,
infrastructure which could indirectly support many other industries’
developments, such as tourism, freighting and shipping businesses,
just to mention a few. However, it seems that their previous
transportation planning in the due course has failed to meet the fast
growing demand. As with the span of time, both the countries are
looking forward to a long-term, and economical solutions, because
the demand is from time to time keep appreciating and reacting
according to other key economic drivers. Content analysis method
and case study approach is used in this paper and secondary data
from the bureau of statistic is used for case analysis. The paper
focused on the mobility concerns of the lower and middle-income
people in India and Pakistan. The paper is aimed to highlight the
weaknesses, opportunities and limitations resulting from low priority
industry for a government, which is making the either country's
public suffer. The paper has concluded that the main issue is
identified as the slow, inappropriate, and unfavorable decisions which
are not in favor of long-term country’s economic development and
public interest. The paper also recommends to future research
avenues for public and private transportation, which is continuously
failing to meet the public expectations.
Abstract: Concurrent planning of project scheduling and
material ordering can provide more flexibility to the project
scheduling problem, as the project execution costs can be enhanced.
Hence, the issue has been taken into account in this paper. To do so, a
mixed-integer mathematical model is developed which considers the
aforementioned flexibility, in addition to the materials quantity
discount and space availability restrictions. Moreover, the activities
duration has been treated as decision variables. Finally, the efficiency
of the proposed model is tested by different instances. Additionally,
the influence of the aforementioned parameters is investigated on the
model performance.
Abstract: Given the increase in the number of e-commerce sites,
the number of competitors has become very important. This means
that companies have to take appropriate decisions in order to meet the
expectations of their customers and satisfy their needs. In this paper,
we present a case study of applying LRFM (length, recency,
frequency and monetary) model and clustering techniques in the
sector of electronic commerce with a view to evaluating customers’
values of the Moroccan e-commerce websites and then developing
effective marketing strategies. To achieve these objectives, we adopt
LRFM model by applying a two-stage clustering method. In the first
stage, the self-organizing maps method is used to determine the best
number of clusters and the initial centroid. In the second stage, kmeans
method is applied to segment 730 customers into nine clusters
according to their L, R, F and M values. The results show that the
cluster 6 is the most important cluster because the average values of
L, R, F and M are higher than the overall average value. In addition,
this study has considered another variable that describes the mode of
payment used by customers to improve and strengthen clusters’
analysis. The clusters’ analysis demonstrates that the payment method is
one of the key indicators of a new index which allows to assess the
level of customers’ confidence in the company's Website.
Abstract: The customers use the best compromise criterion
between price and quality of service (QoS) to select or change
their Service Provider (SP). The SPs share the same market and
are competing to attract more customers to gain more profit. Due
to the divergence of SPs interests, we believe that this situation is a
non-cooperative game of price and QoS. The game converges to an
equilibrium position known Nash Equilibrium (NE). In this work, we
formulate a game theoretic framework for the dynamical behaviors
of SPs. We use Genetic Algorithms (GAs) to find the price and
QoS strategies that maximize the profit for each SP and illustrate
the corresponding strategy in NE. In order to quantify how this NE
point is performant, we perform a detailed analysis of the price of
anarchy induced by the NE solution. Finally, we provide an extensive
numerical study to point out the importance of considering price and
QoS as a joint decision parameter.
Abstract: Effective internal control system in the bursary unit of
tertiary educational institutions is geared toward achieving quality
teaching, learning and research environment and as well assist the
management of the institutions, particularly when decisions are to be
made. While internal control system exists in all institutions, the
outlined objectives above are far from being achieved. The paper
therefore assesses the effectiveness of internal control system in
tertiary educational institutions in Nasarawa State, Nigeria with
specific focus on the Nasarawa State Polytechnic, Lafia. The study is
survey, hence a simple closed ended questionnaire was developed
and administered to a sample of twenty seven (27) member staff from
the Bursary and the Internal audit unit of the Nasarawa State
Polytechnic, Lafia so as to obtain data for analysis purposes and to
test the study hypothesis. Responses from the questionnaire were
analysed using a simple percentage and chi square. Findings shows
that the right people are not assigned to the right job in the
department, budget, and management accounting were never used in
the institution’s operations and checking of subordinate by their
superior officers is not regular. This renders the current internal
control structure of the Polytechnic as ineffective and weak. The
paper therefore recommends that: transparency should be seen as
significant, as the institution work toward meeting its objectives, it
therefore means that the right staff be assigned the right job and
regular checking of the subordinates by their superiors be ensued.