scholarly journals Method of Supplier Selection by Means of Correlation of Quality and Cost Characteristics of Products

2018 ◽  
Vol 22 (3) ◽  
pp. 27
Author(s):  
Mikhail Gennady Shalygin
Keyword(s):  
Quality Indicators ◽  
Market Price ◽  
Statistical Processing ◽  
Market Value ◽  
Quality Characteristics ◽  
Reliability Characteristics ◽  
Consumer Benefits ◽  
Proposed Model ◽  
Quality Of Products ◽  
The Cost

<p><strong>Purpose:</strong> When choosing a supplier, many companies give priority to the lowest cost of products. Problems arise when the consumer wants to buy products with several better quality characteristics, but the products have only one of them. The aim is to establish a link between the quality characteristics of the product and its market value in terms of consumer benefits.</p><p><strong>Methodology/Approach:</strong> The proposed model is based on determining the importance of criteria that determine the indicators of quality, reliability, characteristics of products and their comparison with the market price at which these products are supplied to the consumer. The model is built on the basis of statistical processing of the data received from consumers about preferences at the choice of production.</p><p><strong>Findings:</strong> The method of determining the optimal supplier based on the cost and quality indicators of the product. Some indicators of the quality of products and their ranking by significance for the consumer are given. It gives the examples of calculation methods for univariate and two-factor analysis. It shows the ways of diagramming the determination of values of factors of production.</p><p><strong>Research Limitation/implication:</strong> The model is relevant only at close market value of production for the consumer.</p><strong>Originality/Value of paper:</strong> The methodology of criteria-based evaluation of the quality indicators of the supplied products or services allows making a selection of a products supplier on the basis of quality characteristics of the supplied products.

scholarly journals PROBABILISTIC APPROACH TO MATHEMATICAL DESCRIPTION OF MARKET EQUILIBRIUM

2018 ◽  
pp. 90-98
Author(s):  
Andrej Vyacheslavovich Mikheev
Keyword(s):  
Probabilistic Approach ◽  
Market Price ◽  
Market Equilibrium ◽  
Random Variables ◽  
Cost Price ◽  
Practical Significance ◽  
Purchasing Power ◽  
Proposed Model ◽  
Equilibrium Market ◽  
The Cost

The article is focused on a probabilistic model of market equilibrium that allows for the change in time of the market price of the goods. The demand and supply are shown to be fully determined using the following random variables: the points in time of goods delivery to the market by producers; the points in time of goods purchase by consumers; the purchasing power of the consumer; the cost price of the producer's goods. In these terms, there has been derived an equation determining the dependence of the equilibrium market price on time. In the case when the laws of distribution of purchasing power and the cost price of goods coincide, the analytical expression describing the dynamics of the equilibrium market price can be found and the conditions under which this dynamics is stable can be determined. Numerical simulation of the found solution for several particular distribution laws of four above-mentioned random variables was carried out. Within the framework of the proposed model, the time dependence is found that approximates the real price dynamics for the Apple iPhone 6S Plus 16Gb smartphone, which was observed during the period from September 2015 to April 2018. The proposed model possesses practical significance in terms of ability to make decisions on practicability of purchasing (producing) goods in different points of the time, i.e. optimize expenses brought by purchasing (producing) of the goods.

Analysis of energy efficiency of polder of pumping stations in a Slavsk district of the Kaliningrad region

2020 ◽  
pp. 15-20
Author(s):  
Yuriy Spirin ◽  
Vladimir Puntusov
Keyword(s):  
Energy Efficiency ◽  
Agricultural Land ◽  
Statistical Processing ◽  
Drainage Rate ◽  
Pumping Stations ◽  
Kaliningrad Region ◽  
Pumping Equipment ◽  
Excess Power ◽  
The Cost ◽  
Domestic Power

In the Kaliningrad region there are about 70 % of all polder lands in Russia. On these lands with high potential fertility, it is advisable to intensive agriculture. The area for the average moisture year is an area with excessive moisture, which indicates the need to maintain the rate of drainage on agricultural land. Many different factors play a role in ensuring the drainage rate, one of which is pumping stations and pumping equipment installed on them. An important parameter in the use of pump-power equipment is energy consumption, since in this industry it is a considerable expense item. Improving the energy efficiency of pumping stations on polders is a pressing issue today. At the majority of polder pumping stations, domestic power pumping equipment is installed with excess power and head of 4–8 meters, and a new one is selected based on the maximum possible head in a given place. In the Kaliningrad region, the energy efficiency of polder pumping equipment has never been analyzed. In this paper, a statistical processing of the geodesic pressure of water at the polder pumping stations of the Slavsk region for 2000–2002 was carried out. On the basis of these data and data on the hydraulic characteristics of pressure pipelines, the calculated water pressures were determined for the rational selection of pumping equipment. The calculation of the economic efficiency of pumps with optimal power compared with pumps of excess capacity. The results of the study can serve as a justification for the transition to the pumping equipment with less power and pressure, which will lead to a decrease in the cost of money for electricity.

PENGARUH IT SPENDING TERHADAP KINERJA PERUSAHAAN PADA PERUSAHAAN TELEKOMUNIKASI YANG TERDAFTAR DI BURSA EFEK SELURUH ASIA TENGGARA PADA TAHUN 2009-2011

MODUS ◽  
2016 ◽  
Vol 26 (2) ◽  
pp. 93
Author(s):  
Irene Adrayani
Keyword(s):  
Stock Price ◽  
Sampling Method ◽  
Capital Expenditure ◽  
Stock Exchange ◽  
Market Price ◽  
Market Value ◽  
Company Performance ◽  
Corporate Value ◽  
Accounting Information System ◽  
Company Value

This study aims to get empirical evidence about the infuence of IT spending on corporate value by testing the efect of IT spending on corporate value by using Tobin’s Q. Te higher the stock price, the higher the company value as well as investors’ assessment. The market price of the company’s stocks refects investors’ assessment of the overall equity held. Of the stock price refects investor can provide an assessment of a company. Tobin’s Q is the ratio of the market value of the company’s assets as measured by the market value of the outstanding stocks and debt (enterprise value) to the replacement cost of the assets of the company. The sampling method is based on purposive sampling method with the purpose to obtain a sample that meets the criteria. Tis study used a sample taken from a telecommunications company listed on the Stock Exchange throughout Southeast Asia during the period of 2009-2011. The hypothesis in this study was tested using simple regression. Based on data analysis, the result that the variable IT spending does not afect the company value.Keywords: accounting information system, Tobin’s Q, IT spending, capital expenditure, company performance

scholarly journals Quality Classification of Injection-Molded Components by Using Quality Indices, Grading, and Machine Learning

Polymers ◽  
2021 ◽  
Vol 13 (3) ◽  
pp. 353
Author(s):  
Kun-Cheng Ke ◽  
Ming-Shyan Huang
Keyword(s):  
Machine Learning ◽  
Integrated Circuit ◽  
Quality Indices ◽  
Statistical Process ◽  
Suitable Alternative ◽  
Quality Grading ◽  
Quality Of Products ◽  
The Cost ◽  
Mlp Model

Conventional methods for assessing the quality of components mass produced using injection molding are expensive and time-consuming or involve imprecise statistical process control parameters. A suitable alternative would be to employ machine learning to classify the quality of parts by using quality indices and quality grading. In this study, we used a multilayer perceptron (MLP) neural network along with a few quality indices to accurately predict the quality of “qualified” and “unqualified” geometric shapes of a finished product. These quality indices, which exhibited a strong correlation with part quality, were extracted from pressure curves and input into the MLP model for learning and prediction. By filtering outliers from the input data and converting the measured quality into quality grades used as output data, we increased the prediction accuracy of the MLP model and classified the quality of finished parts into various quality levels. The MLP model may misjudge datapoints in the “to-be-confirmed” area, which is located between the “qualified” and “unqualified” areas. We classified the “to-be-confirmed” area, and only the quality of products in this area were evaluated further, which reduced the cost of quality control considerably. An integrated circuit tray was manufactured to experimentally demonstrate the feasibility of the proposed method.

PP581 Catastrophic Costs Of Multidrug-Resistant Tuberculosis: Estimation Based On The Cost Of Treatment In China

2020 ◽  
Vol 36 (S1) ◽  
pp. 43-43
Author(s):  
Lijun Shen ◽  
Shangshang Gu ◽  
Fan Zhang ◽  
Zhao Liu ◽  
Yuehua Liu
Keyword(s):  
Market Price ◽  
Multidrug Resistant ◽  
Policy Support ◽  
World Health ◽  
Chinese Patients ◽  
Resistant Tuberculosis ◽  
Multidrug Resistant Tuberculosis ◽  
Mdr Tb ◽  
Drug Affordability ◽  
The Cost

IntroductionChina bears a considerably high burden of multidrug-resistant tuberculosis (MDR-TB). Second-line anti-TB drugs are urgently needed yet domestic MDR-TB drugs are expensive and lack policy support. Patients’ living conditions are closely related to the drug affordability. The national TB prevention programs should play a critical role. The purpose of this study is to measure the cost of treating MDR-TB patients under different treatment schemes and price sources. The results of this study are expected to inform the relevant drug protection policies and provide inputs for further cost-effectiveness analyses.MethodsBased on the treatment plan of China's Multidrug-Resistant Pulmonary Tuberculosis Clinical Path (2012 edition) and the World Health Organization (WHO) Drug-Resistant Tuberculosis Treatment Guide (2018 edition), the treatment costs of MDR-TB were measured under different scenarios. Catastrophic health expenditure was then calculated if the treatment cost exceeds 40 percent of the household's non-subsistence income. National, rural and disposable income per capita in 2018, were used to represent Chinese patients’ affordability.ResultsUnder varied treatment schemes and market price sources in China, the total costs for MDR-TB patients range from 19,401 to 126,703 CNY [2,853 to 18,633 USD] per person. Under current prices, all treatment schemes recommended by the WHO will incur catastrophic costs for Chinese MDR-TB patients. Significant differences were found between rural and urban areas as 52.8 percent of the treatment listed in the 2012 China Guideline would lead to catastrophic cost for rural patients but not urban ones.ConclusionsOur study concludes that the domestic drugs are more expensive than the international purchase price and the treatment of MDR-TB imposes substantial economic burden on patients, especially in the rural areas. The results of the study also indicate that it is urgent for the state to emphasize government responsibility and initiate centralized procurement for price negotiations to reduce the market price of MDR-TB drugs. The urban-rural gap should also be addressed in the design of future policies to ensure the drug affordability for all patients in need.

scholarly journals Backward-forward linear-quadratic mean-field Stackelberg games

2021 ◽  
Vol 2021 (1) ◽  
Author(s):  
Kehan Si ◽  
Zhen Wu
Keyword(s):  
Large Population ◽  
Consistency Condition ◽  
Market Price ◽  
Mean Field ◽  
Mapping Method ◽  
Open Loop ◽  
Stackelberg Games ◽  
Linear Quadratic ◽  
Population System ◽  
The Cost

AbstractThis paper studies a controlled backward-forward linear-quadratic-Gaussian (LQG) large population system in Stackelberg games. The leader agent is of backward state and follower agents are of forward state. The leader agent is dominating as its state enters those of follower agents. On the other hand, the state-average of all follower agents affects the cost functional of the leader agent. In reality, the leader and the followers may represent two typical types of participants involved in market price formation: the supplier and producers. This differs from standard MFG literature and is mainly due to the Stackelberg structure here. By variational analysis, the consistency condition system can be represented by some fully-coupled backward-forward stochastic differential equations (BFSDEs) with high dimensional block structure in an open-loop sense. Next, we discuss the well-posedness of such a BFSDE system by virtue of the contraction mapping method. Consequently, we obtain the decentralized strategies for the leader and follower agents which are proved to satisfy the ε-Nash equilibrium property.

scholarly journals Adherence to French and ESGO Quality Indicators in Ovarian Cancer Surgery: An Ad-Hoc Analysis from the Prospective Multicentric CURSOC Study

Cancers ◽  
2021 ◽  
Vol 13 (7) ◽  
pp. 1593
Author(s):  
Alejandra Martinez ◽  
Witold Gertych ◽  
Christophe Pomel ◽  
Gwenael Ferron ◽  
Amelie Lusque ◽  
...  
Keyword(s):  
Ovarian Cancer ◽  
Quality Indicators ◽  
Ad Hoc ◽  
Randomized Study ◽  
Institutional Quality ◽  
High Volume ◽  
Cost Utility ◽  
Case Volume ◽  
Tertiary Institutions ◽  
The Cost

Background: Quality Indicators for ovarian cancer (OC) have been developed by the European Society of Gynaecological Oncology (ESGO) and by the French National Cancer Institute (Institut National du Cancer, INCa). The aim of the study was to characterize OC care distribution in France by case-volume and to prospectively evaluate the adherence of high-volume institutions to INCa/ESGO quality indicators. Methods: The cost-utility of radical surgery in ovarian cancer (CURSOC) trial is a prospective, multicenter, comparative and non-randomized study that includes patients with stage IIIC-IV epithelial OC treated in nine French health care tertiary institutions. Adherence to institutional quality indicators were anonymously assessed by an independent committee. OC care distribution in France were provided by the nationwide database of hospital procedures. Results: More than half of patients are treated in low-volume institutions. Among the nine high-volume centers participating in the study, four (44.4%) met all institutional INCa/ESGO quality indicators. The other five (55.6%) did not fulfil one of the quality indicator criteria. Conclusions: Access to high-volume OC providers in France is restricted to a minority of patients, and yet half of the referral institutions included in this study failed to meet all recommended institutional quality indicators. It is mandatory that national authorities work both to improve OC centralization and to incorporate quality assurance programs into certified centers.

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.

STUDY ON THE PROCESS OF RAPESEED HULLING BY THE IMPACT

2019 ◽  
Author(s):  
А.О. РЕНЗЯЕВ ◽  
О.П. РЕНЗЯЕВ ◽  
С.Н. КРАВЧЕНКО ◽  
Р.В. КРЮК
Keyword(s):  
Rotational Speed ◽  
Calculated Data ◽  
Quality Characteristics ◽  
Complete Separation ◽  
Edible Oil ◽  
Siberian Region ◽  
The Core ◽  
The Cost ◽  
The Impact

Исследованы прочностные и физико-механические свойства оболочки рапса с точки зрения ее разрушения и удаления. Установлено, что наиболее рациональным является двухстадийный способ обрушивания: 1-я стадия – на вальцовых мельницах, 2-я – на центробежной обрушивающей машине. Определены параметры центробежной обрушивающей машины для обеспечения минимальной необходимой линейной скорости 10,81 м/с: угол наклона отбойной пластины (90 ± 2)°, частота вращения барабана (2400 ± 150) об/мин. Установлено, что правильно подобранные условия и угол, под которым происходит удар, позволяют значительно снизить количество не до конца обрушенного семени и содержание расколотого ядра. При этом при свободном ударе об отбойную пластину под углом, отличным от 88–91°, или подаче недостаточно равномерного потока семян значительно увеличивается содержание необрушенных семян. На разрушение 1 кг семян необходимо затратить 58,45 Дж. Таким образом, по расчетным данным, для семян рапса диаметром 1,5 мм частота вращения барабана должна находиться в диапазоне от 2221 до 2565 об/мин при ударе семени под углом 90°. Диаметр семян рапса, выращиваемого в Сибирском регионе, составляет от 0,8 до 1,8 мм. Установлено, что подсушивание семян рапса в течение 30–40 с при температуре 100°С позволяет увеличить эффективность разрушения оболочки до полного ее отделения от ядра рапса. Представленные результаты позволяют повысить качество очистки семян рапса от оболочки и улучшить качественные характеристики получаемого масла, облегчить последующие технологические процессы получения пищевого масла, снизить затраты на рафинацию и дезодорацию на 2%. The strength and physico-mechanical properties of the shell of rapeseed in terms of its destruction and removal are investigated. It is established that the most rational is a two-stage method of seed hulling: the 1st stage – on roller mills, the 2nd – on a centrifugal hulling machine. The parameters of the centrifugal hulling machine to provide the minimum required linear speed of 10,81 m/s are defined: the angle of inclination of the turnback plate (90 ± 2)°, the rotational speed of drum (2400 ± 150) RPM. It is established that the correctly selected conditions and the angle at which the impact occurs, can significantly reduce the amount is not completely hulling seed and the substance of the split nucleus. At the same time, with a free impact on the turnback plate at an angle different from 88–91°, or the supply of an insufficiently uniform flow of seeds, the content is not completely hulling seed increases significantly. On hulling of 1 kg of seeds it is necessary to spend 58,45 J. Thus, according to the calculated data, for rape seeds with a diameter of 1,5 mm, the rotational speed of drum should be in the range from 2221 to 2565 RPM when the seed is struck at an angle of 90°. The diameter of rapeseed grown in the Siberian region ranges from 0,8 to 1,8 mm. It was found that drying of rapeseed for 30–40 s at a temperature of 100°C, can increase the efficiency of destruction of the shell to its complete separation from the core of rapeseed. The presented results make it possible to improve the quality of cleaning of rape seeds from the shell and improve the quality characteristics of the obtained oil, facilitate the subsequent technological processes of obtaining edible oil, reduce the cost of refining and deodorization by 2%.

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