scholarly journals “Buy Online, Pick Up in Store” under Fit Uncertainty: To Offer or Not to Offer

Complexity ◽  
2020 ◽  
Vol 2020 ◽  
pp. 1-12
Author(s):  
Huijing Li ◽  
Shilei Yang ◽  
Haiyan Kang ◽  
Victor Shi
Keyword(s):  
Mathematical Model ◽  
Distribution Function ◽  
Cost Ratio ◽  
Cost Factor ◽  
Optimal Decisions ◽  
Numerical Studies ◽  
Shopping Experience ◽  
Complex Decision ◽  
The Cost ◽  
Decision Complexity

Retailers offer BOPS (Buy Online, Pick Up in Store) service to improve consumers shopping experience. However, this greatly increases the decision complexity for retailers and consumers. For consumers, whether to purchase online or from a store with the BOPS service is a complex decision. This is especially true when the product has fit uncertainty. That is, consumers are uncertain about product fitness before using it. Also, their store visit cost can be heterogeneous and follows some distribution function. For a retailer, it needs to jointly optimize multiple decisions including the convenience degree of BOPS. To help the retailer develop the jointly optimal decisions, we first build a mathematical model where the retailer sells the product through online and store channel and analyzes the possible effects of BOPS. We find that the retailer should offer BOPS when the channel cost ratio (ratio of shipment fee divided by average store visit cost) is large enough. Through numerical studies, we show that the ratio of profit offering BOPS divided by the benchmark increases with the probability of product fit, shipment fee, and the convenience degree of BOPS. We then consider the case where the convenience degree of BOPS is also a decision itself. We find the optimal convenience degree of BOPS increases along with the average store visit cost and the probability of product fit. When the cost factor of offering the convenience for BOPS is larger than a threshold, the retailer should never offer BOPS.

Advance Protection for Three Phase Induction Motor using Microcontroller Atmega32

2018 ◽  
Vol 8 (1) ◽  
pp. 172
Author(s):  
Karan S Belsare ◽  
Gajanan D Patil
Keyword(s):  
Induction Motor ◽  
Low Cost ◽  
Short Circuit ◽  
Cost Factor ◽  
Protection Scheme ◽  
Three Phase ◽  
The Cost

A low cost and reliable protection scheme has been designed for a three phase induction motor against unbalance voltages, under voltage, over voltage, short circuit and overheating protection. Taking the cost factor into consideration the design has been proposed using microcontroller Atmega32, MOSFETs, relays, small CTs and PTs. However the sensitivity of the protection scheme has been not compromised. The design has been tested online in the laboratory for small motors and the same can be implemented for larger motors by replacing the i-v converters and relays of suitable ratings.

Modernization of Water Treatment System at Agricultural Enterprises Due to Introduction of Solar Energy

2020 ◽  
Vol 67 (1) ◽  
pp. 142-147
Author(s):  
Alina A. Aleksandrova ◽  
Maksim S. Zhuzhin ◽  
Yuliya M. Dulepova
Keyword(s):  
Mathematical Model ◽  
Water Treatment ◽  
Solar Energy ◽  
Energy Saving ◽  
Electric Energy ◽  
Solar Water Heater ◽  
Water Heater ◽  
Agricultural Enterprises ◽  
Solar Water ◽  
The Cost

Energy saving today is an integral part of the development strategy of agricultural organizations. Considerable attention is paid to the modernization and automation of technological processes in agricultural enterprises, which can improve the quality of work and reduce the cost of production. The direction of modernization is to reduce the consumption of electric energy by improving the water treatment system in livestock complexes. (Research purpose) The research purpose is to determine the potential of solar energy used in the Nizhny Novgorod region and to determine the possibility of its use for water heating in livestock complexes and to consider the cost-effectiveness of using a device to heat water through solar energy. (Materials and methods) Authors used an improved algorithm of Pixer and Laszlo, applied in the NASA project «Surface meteorology and Energy», which allows to calculate the optimal angle of inclination of the device for heating water. (Results and discussion) Designed a mock-up of a livestock complex with a solar water heater installed on the roof, protected by patent for invention No. 2672656. A mathematical model was designed experimentally to predict the results of the plant operation in non-described modes. (Conclusions) The article reveales the optimal capacity of the circulation pump. Authors have created a mathematical model of the device that allows to predict the water heating in a certain period of time. The article presents the calculations on the energy and economic efficiency of using a solar water heater. An electric energy saving of about 30 percent, in the economic equivalent of 35 percent.

scholarly journals Economic Analysis of the Use of VCS2000 for Pork Carcass Meat Yield Grading in Korea

Animals ◽  
2021 ◽  
Vol 11 (5) ◽  
pp. 1297
Author(s):  
Juntae Kim ◽  
Hyo-Dong Han ◽  
Wang Yeol Lee ◽  
Collins Wakholi ◽  
Jayoung Lee ◽  
...  
Keyword(s):  
Economic Analysis ◽  
Net Present Value ◽  
Cost Benefit Analysis ◽  
Cost Benefit ◽  
Feed Consumption ◽  
Cost Ratio ◽  
Benefit Analysis ◽  
Labor Costs ◽  
Meat Yield ◽  
The Cost

Currently, the pork industry is incorporating in-line automation with the aim of increasing the slaughtered pork carcass throughput while monitoring quality and safety. In Korea, 21 parameters (such as back-fat thickness and carcass weight) are used for quality grading of pork carcasses. Recently, the VCS2000 system—an automatic meat yield grading machine system—was introduced to enhance grading efficiency and therefore increase pork carcass production. The VCS2000 system is able to predict pork carcass yield based on image analysis. This study also conducted an economic analysis of the system using a cost—benefit analysis. The subsection items of the cost-benefit analysis considered were net present value (NPV), internal rate of return (IRR), and benefit/cost ratio (BC ratio), and each method was verified through sensitivity analysis. For our analysis, the benefits were grouped into three categories: the benefits of reducing labor costs, the benefits of improving meat yield production, and the benefits of reducing pig feed consumption through optimization. The cost-benefit analysis of the system resulted in an NPV of approximately 615.6 million Korean won, an IRR of 13.52%, and a B/C ratio of 1.65.

scholarly journals An Optimized Mathematical Model for Items Supplies Planning of a Logistic System

2016 ◽  
Vol 10 (10) ◽  
pp. 133
Author(s):  
Mohammad Ali Nasiri Khalili ◽  
Mostafa Kafaei Razavi ◽  
Morteza Kafaee Razavi
Keyword(s):  
Mathematical Model ◽  
Mixed Integer ◽  
Logistics System ◽  
Proposed Model ◽  
Multiple Objective Decision Making ◽  
System Requirements ◽  
Purchasing Logistics ◽  
The Cost ◽  
The Mathematical Model ◽  
First Time

Items supplies planning of a logistic system is one of the major issue in operations research. In this article the aim is to determine how much of each item per month from each supplier logistics system requirements must be provided. To do this, a novel multi objective mixed integer programming mathematical model is offered for the first time. Since in logistics system, delivery on time is very important, the first objective is minimization of time in delivery on time costs (including lack and maintenance costs) and the cost of purchasing logistics system. The second objective function is minimization of the transportation supplier costs. Solving the mathematical model shows how to use the Multiple Objective Decision Making (MODM) can provide the ensuring policy and transportation logistics needed items. This model is solved with CPLEX and computational results show the effectiveness of the proposed model.

Cost-Benefit Model for Risk-Based Design of a Typical Marine Platform in Mexico

2003 ◽  
Author(s):  
David de Leon ◽  
Alfredo H.-S. Ang
Keyword(s):  
Social Issues ◽  
Cost Benefit ◽  
Risk Assessments ◽  
Management Decision ◽  
Optimal Decisions ◽  
Oil Platforms ◽  
Structural Risk ◽  
The Cost ◽  
Marine Platform ◽  
Alternative Designs

A reliability-based cost-benefit model for the risk management of oil platforms in the formulation of optimal decisions based on life-cycle consideration is proposed. The model is based on structural risk assessments and the integration of social issues and economics into the management decision process. Structural risks result from the platform’s exposure to the random environmental loading associated with the offshore site where it is located. Several alternative designs of a typical platform are proposed and assessed from the cost-effectiveness viewpoint. This assessment is performed through the generation of cost/benefit relationships that are used, later on, to select the optimal design.

Autonomous Energy Efficient Co-Generation Units

2014 ◽  
Vol 672-674 ◽  
pp. 580-584 ◽  
Author(s):  
Mikhail Petrichenko ◽  
Dmitriy Tseytin ◽  
Darya Nemova ◽  
Nikita Kharkov
Keyword(s):  
Mathematical Model ◽  
Energy Efficient ◽  
Energy Resources ◽  
The Cost ◽  
Liquefied Gas

The technology of application of the liquefied gas for the centralized providing with energy resources of a complex of building remote from network energy resources is considered in this work, the economic-mathematical model of the first approach of the concept of the device of the settlement, allowing to determine the cost of received energy and equipment payback periods is offered.

scholarly journals Evaluating Public Programs with Close Substitutes: The Case of Head Start*

2016 ◽  
Vol 131 (4) ◽  
pp. 1795-1848 ◽  
Author(s):  
Patrick Kline ◽  
Christopher R. Walters
Keyword(s):  
Head Start ◽  
Test Score ◽  
The United States ◽  
Cost Ratio ◽  
Public Programs ◽  
Benefit Cost Ratio ◽  
Wide Range ◽  
Fiscal Impacts ◽  
The Cost ◽  
Benefit Cost

Abstract We use data from the Head Start Impact Study (HSIS) to evaluate the cost-effectiveness of Head Start, the largest early childhood education program in the United States. Head Start draws roughly a third of its participants from competing preschool programs, many of which receive public funds. We show that accounting for the fiscal impacts of such program substitution pushes estimates of Head Start’s benefit-cost ratio well above one under a wide range of assumptions on the structure of the market for preschool services and the dollar value of test score gains. To parse the program’s test score impacts relative to home care and competing preschools, we selection-correct test scores in each care environment using excluded interactions between experimental assignments and household characteristics. We find that Head Start generates larger test score gains for children who would not otherwise attend preschool and for children who are less likely to participate in the program.

scholarly journals Eucalyptus sp. WOODCHIP POTENTIAL FOR INDUSTRIAL THERMAL ENERGY PRODUCTION1

2017 ◽  
Vol 41 (6) ◽  
Author(s):  
Marcos Antonio da Silva Miranda ◽  
Gabriel Browne de Deus Ribeiro ◽  
Sebastião Renato Valverde ◽  
Crismeire Isbaex
Keyword(s):  
Energy Source ◽  
Thermal Energy ◽  
Fossil Fuels ◽  
Forest Biomass ◽  
Dairy Industry ◽  
Industrial Sector ◽  
Cost Ratio ◽  
Planted Forests ◽  
Industrial Use ◽  
The Cost

ABSTRACT The main objective of this work was to identify and analyze the potential of forest biomass of Eucalyptus sp. such as thermal energy source for industrial use in place of fossil fuels. Two cases were analyzed: the first one estimated the total demand for forest biomass to replace the main fossil fuels in Brazilian industrial sector, with scenarios of 100, 75 and 50% replacement; in the second, it was calculated the cost of each fuel for producing ton of industrial steam (thermal energy) for a dairy industry, in order to verify the competitiveness of forest biomass compared to fossil fuels. The results showed that the areas demanded to replace 100, 75 and 50% of the analyzed fossil fuels were, respectively, 2.9, 2.2 and 1.5 million planted forests hectares, and the steam ton cost ratio using the woodchips was at least 34% lower than with other fuels, which corroborates the substitution potential in this sector.

scholarly journals Studi Kelayakan Ekonomis Rencana Pembangunan Pelabuhan Sungai Liong Desa Berancah Kabupaten Bengkalis

2019 ◽  
Vol 3 (2) ◽  
pp. 146
Author(s):  
Nur Rahmani ◽  
Akmal Lazuardy
Keyword(s):  
Net Present Value ◽  
Payback Period ◽  
Economic Feasibility ◽  
Rate Of Return ◽  
Cost Ratio ◽  
Internal Rate Of Return ◽  
Benefit Analysis ◽  
Present Value ◽  
The Government ◽  
The Cost

The fish shelter port (TPI) is a need that needs to be prepared by local village officials and the government for every coastal village in Bengkalis Regency. This research was conducted in the Berancah village of Bantan District. The analysis in this study describes the economic feasibility mathematically for the construction of a fish storage port (TPI) by calculating the cost ratio (B / C ratio) benefit analysis, payback period (PP), net present value (NPV), and internal rate of return ( IRR). The results obtained from the NPV value (3,661,267,645), BCR value (0.943), IRR value of 10.01%, and PP are in the period of 30 years. Taken as a whole by standardizing the calculations, it can be concluded that the planned construction of a fish shelter in Berancah village is considered not economically feasible, but economic analysis is not merely a benchmark for feasibility, reviewed for the future many benefits will be received by the community around the location of the development plan so that it can improve the welfare of the community in Berancah village.

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