Analysis on Input-Output in Rice Cultivation Based on Cobb-Douglas Production Function

[Objective] To analyze the input and output in rice cultivation based on CD function. [Method] Based on the input factors, Cobb-Douglas production （CD） function was used to do the quantitative analysis on the input-output in rice production with rice growers as the objective. [Result] Considering the substitution effect of labor in- put and capital input, under the same technical conditions, the effect of increasing labor input on the rice production in per 667 m2 was negative, based on which 2 pieces of policy suggestions were put forward to promote the transfer of surplus la- bor force of rice growers and ensure the capital supply for rice production. [Conclusion] This study laid the foundation for the realization of reasonable allocation of rice production resources.

Structural properties of residual carbon in coal gasification fine slag and their influence on flotation separation and resource utilization:A review

Coal gasification fine slag(FS)is a typical solid waste generated in coal gasification.Its current disposal methods of stockpil-ing and landfilling have caused serious soil and ecological hazards.Separation recovery and the high-value utilization of residual carbon(RC)in FS are the keys to realizing the win-win situation of the coal chemical industry in terms of economic and environmental benefits.The structural properties,such as pore,surface functional group,and microcrystalline structures,of RC in FS(FS-RC)not only affect the flotation recovery efficiency of FS-RC but also form the basis for the high-value utilization of FS-RC.In this paper,the characteristics of FS-RC in terms of pore structure,surface functional groups,and microcrystalline structure are sorted out in accordance with gasification type and FS particle size.The reasons for the formation of the special structural properties of FS-RC are analyzed,and their influence on the flotation separation and high-value utilization of FS-RC is summarized.Separation methods based on the pore structural characterist-ics of FS-RC,such as ultrasonic pretreatment-pore-blocking flotation and pore breaking-flocculation flotation,are proposed to be the key development technologies for improving FS-RC recovery in the future.The design of low-cost,low-dose collectors containing polar bonds based on the surface and microcrystalline structures of FS-RC is proposed to be an important breakthrough point for strengthening the flotation efficiency of FS-RC in the future.The high-value utilization of FS should be based on the physicochemical structural proper-ties of FS-RC and should focus on the environmental impact of hazardous elements and the recyclability of chemical waste liquid to es-tablish an environmentally friendly utilization method.This review is of great theoretical importance for the comprehensive understand-ing of the unique structural properties of FS-RC,the breakthrough of the technological bottleneck in the efficient flotation separation of FS,and the expansion of the field of the high value-added utilization of FS-RC.

Utility function based fair data scheduling algorithm for OFDM wireless network

A system model is formulated as the maximization of a total utility function to achieve fair downlink data scheduling in multiuser orthogonal frequency division multiplexing （OFDM） wireless networks. A dynamic subcarrier allocation algorithm （DSAA） is proposed, to optimize the system model. The subcarrier allocation decision is made by the proposed DSAA according to the maximum value of total utility function with respect to the queue mean waiting time. Simulation results demonstrate that compared to the conventional algorithms, the proposed algorithm has better delay performance and can provide fairness under different loads by using different utility functions.

Optimization of the Dressing Parameters in Cylindrical Grinding Based on a Generalized Utility Function

The existing studies, concerning the dressing process, focus on the major influence of the dressing conditions on the grinding response variables. However, the choice of the dressing conditions is often made, based on the experience of the qualified staff or using data from reference books. The optimal dressing parameters, which are only valid for the particular methods and dressing and grinding conditions, are also used. The paper presents a methodology for optimization of the dressing parameters in cylindrical grinding. The generalized utility function has been chosen as an optimization parameter. It is a complex indicator determining the economic, dynamic and manufacturing characteristics of the grinding process. The developed methodology is implemented for the dressing of aluminium oxide grinding wheels by using experimental diamond roller dressers with different grit sizes made of medium- and high-strength synthetic diamonds type AC32 and AC80. To solve the optimization problem, a model of the generalized utility function is created which reflects the complex impact of dressing parameters. The model is built based on the results from the conducted complex study and modeling of the grinding wheel lifetime, cutting ability, production rate and cutting forces during grinding. They are closely related to the dressing conditions （dressing speed ratio, radial in-feed of the diamond roller dresser and dress-out time）, the diamond roller dresser grit size/grinding wheel grit size ratio, the type of synthetic diamonds and the direction of dressing. Some dressing parameters are determined for which the generalized utility fimction has a maximum and which guarantee an optimum combination of the following： the lifetime and cutting ability of the abrasive wheels, the tangential cutting force magnitude and the production rate of the grinding process. The results obtained prove the possibility of control and optimization of grinding by selecting particular dressing parameters.

An Application of Non–Linear Cobb-Douglas Production Function to Selected Manufacturing Industries in Bangladesh

Recently, businessmen as well as industrialists are very much concerned about the theory of firm in order to make correct decisions regarding what items, how much and how to produce them. All these decisions are directly related with the cost considerations and market situations where the firm is to be operated. In this regard, this paper should be helpful in suggesting the most suitable functional form of production process for the major manufacturing industries in Bangladesh. This paper considers Cobb-Douglas (C-D) production function with additive error and multiplicative error term. The main purpose of this paper is to select the appropriate Cobb-Douglas production model for measuring the production process of some selected manufacturing industries in Bangladesh. We use different model selection criteria to compare the Cobb-Douglas production function with additive error term to Cobb-Douglas production function with multiplicative error term. Finally, we estimate the parameters of the production function by using optimization subroutine.

Analysis of Optimal Portfolio with Different Utility Function

The question of optimal portfolio is that finds the trading strategy satisfying the maximal expected utility function subject to some constraints. There is the optimal trading strategy under the risk neutral probability measure （martingale measure） if and only if there is no-arbitrage opportunity in the market. This paper argues the optimal wealth and the optimal value of expected utility with different utility function.

Entrepreneur Education Level and Its Utility Maximization

The education level of entrepreneurs plays an important role in the decision-making process of loan financing. In this paper, the research method of optimization theory is used to study the problem of the education level and maximizing utility of entrepreneurs, and the optimal analytic solution is obtained. On this basis, the influence of the change of bank loan interest rate, the marginal effect of entrepreneur’s effort, the marginal effect of entrepreneur’s investment, the elastic coefficient of entrepreneur’s effort and the elastic coefficient of entrepreneur’s investment on the optimal solution of entrepreneur’s effort and investment amount is discussed.

Application of Non-Linear Cobb-Douglas Production Function with Autocorrelation Problem to Selected Manufacturing Industries in Bangladesh

In developing counties, efficiency of economic development has been determined by the analysis of industrial production. An examination of the characteristic of industrial sector is an essential aspect of growth studies. The growth of a country can be measured by Gross Domestic Product (GDP). GDP is substantially affected by the industrial output. Industrial gross output is mainly a function of capital and labor input. If the effect of labor and capital input to output is at a satisfactory level in an industry or in a group of industries, then industrial investment will increase. As a result, the number of industries will increase, which will directly affect GDP and also will decrease the unemployment rate. This is why, industrial input-output relationship is so important for any industry as well as for the overall industrial sector of a country. To forecast the production of a firm is necessary to identify the appropriate model. MD. M. Hossain et al. [1] have shown that Cobb-Douglas production function with additive errors was more suitable for some selected manufacturing industries in Bangladesh. The main purpose of this paper is to detect the autocorrelation problem of Cobb-Douglas production model with additive errors. The result shows that autocorrelation is presented in some manufacturing industries. Finally, this paper removes the autocorrelation problem and re-estimates the parameters of the Cobb- Douglas production function with additive errors.

Optimal investment with transaction costs based on exponential utility function:a parabolic double obstacle problem

This paper concerns optimal investment problem with proportional transaction costs and finite time horizon based on exponential utility function. Using a partial differential equation approach, we reveal that the problem is equivalent to a parabolic double obstacle problem involving two free boundaries that correspond to the optimal buying and selling policies. Numerical examples are obtained by the binomial method.

Comprehensive Utility Function for Resource Allocation in Mobile Edge Computing

In mobile edge computing(MEC),one of the important challenges is how much resources of which mobile edge server(MES)should be allocated to which user equipment(UE).The existing resource allocation schemes only consider CPU as the requested resource and assume utility for MESs as either a random variable or dependent on the requested CPU only.This paper presents a novel comprehensive utility function for resource allocation in MEC.The utility function considers the heterogeneous nature of applications that a UE offloads to MES.The proposed utility function considers all important parameters,including CPU,RAM,hard disk space,required time,and distance,to calculate a more realistic utility value for MESs.Moreover,we improve upon some general algorithms,used for resource allocation in MEC and cloud computing,by considering our proposed utility function.We name the improved versions of these resource allocation schemes as comprehensive resource allocation schemes.The UE requests are modeled to represent the amount of resources requested by the UE as well as the time for which the UE has requested these resources.The utility function depends upon the UE requests and the distance between UEs and MES,and serves as a realistic means of comparison between different types of UE requests.Choosing(or selecting)an optimal MES with the optimal amount of resources to be allocated to each UE request is a challenging task.We show that MES resource allocation is sub-optimal if CPU is the only resource considered.By taking into account the other resources,i.e.,RAM,disk space,request time,and distance in the utility function,we demonstrate improvement in the resource allocation algorithms in terms of service rate,utility,and MES energy consumption.

基于Cobb-Douglas效用函数的多属性采购拍卖

在多属性采购拍卖的实践中,利润和赢得合同对供给者来说具有不同的重要性.假设供给者使用Cobb-Douglas效用函数对利润和赢得合同的重要性程度进行权衡,在第一评分拍卖及第二评分拍卖下获得了供给者的均衡投标策略和采购者的期望效用,并对采购者的期望效用进行了比较.结果表明供给者对被采购物品的质量选择只与自己的成本参数和打分函数有关;当供给者越看重获取采购合同,采购者的期望效用越高;当采购者只能使用效用函数打分时,如果供给者更看重利润,采购者应该采用第二评分拍卖节约采购成本,否则使用第一评分拍卖.

Healthy function and high valued utilization of edible fungi

Edible fungi are large fungi with high added value that can be utilized as resources.They are rich in high-quality protein,carbohydrate,various vitamins,mineral elements and other nutrients,and are characterized by high protein,low sugar,low fat and low cholesterol.In addition,edible fungi contain a variety of bioactive substances,such as polysaccharides,dietary fiber,steroids,polyphenols,and most of these compounds have antioxidant,anti-tumor and other physiological functions.This review comprehensively discusses the bioactive components and functional characteristics of edible fungi(such as antioxidant,anti-aging,hypolipidemic activities,etc.).Then the recent developments and prospect in the high-valued utilization of edible fungi are discussed and summarized.The objective of this review is to improve the understanding of health-promoting properties of edible fungi,and provide reference for the industrial production of edible fungi-based health products.

Chemical constituents,biological functions and pharmacological effects for comprehensive utilization of Eucommia ulmoides Oliver

Eucommia ulmoides Oliver is a native plant and valuable tonic Chinese medicine in China with a long history,great economic value and comprehensive development potential.Traditionally,the comprehensive utilization rate of E.ulmoides Oliv.is still very low,only bark has been used as medicine and other parts of Eucommia ulmoides Oliv.cannot be fully utilized,even the leaves have been well utilized in food products in Japan in the past decades.In order to improve the comprehensive utilization efficiency of E.ulmoides Oliv.,in this review,we summarized the varieties and contents of main active compounds,biological functions and pharmacological effects in different parts of E.ulmoides Oliv.The findings suggest that other parts of E.ulmoides Oliv.could replace the bark of E.ulmoides Oliv.to some extent besides of their respective applications.The unique and extensive physiological functions between different parts of E.ulmoides Oliv.indicate that the comprehensive utilization of E.ulmoides Oliv.has a wide space to develop,which is also an effective way to protect E.ulmoides Oliv.resources and improve its the utilization rate.

Study on information utility

Information has two aspects. One aspect is the objective one; another aspect is the subjective one. Shannon has discussed the objective aspect of information in information theory. But the subjective aspect of information has not been fully discussed. Someone use “Bayesian approaches” to evaluate the value of information. But in some cases it does not meet the information user＇s need. This paper is focus on the subjective aspect of objectively measurable information and gives formal definitions for information, information utility, and marginal information utility, normalized calculation of information utility. The information discussed in the paper has interdisciplinary nature. This work can be the foundation of many application areas.

STOCHASTIC DIFFERENTIAL UTILITY UNDER NON-LIPSCHITZ CONDITIONS

In this paper, the theory of stochastic differential utility is studied. Sufficient conditions for existence, uniqueness, continuity, monotonicity, time consistency, risk aversion and concavity are gived under non-Lipschtz assumptions.

Utility-based and fairness-aware radio resource allocation in OFDMA cellular relay networks with traffic prioritization

The combination of orthogonal frequency division multiple access(OFDMA) with relaying techniques provides plentiful opportunities for high-performance and cost-effective networks.It requires intelligent radio resource management schemes to harness these opportunities.This paper investigates the utility-based resource allocation problem in a real-time and non-real-time traffics mixed OFDMA cellular relay network to exploit the potentiality of relay.In order to apply utility theory to obtain an efficient tradeoff between throughput and fairness as well as satisfy the delay requirements of real-time traffics,a joint routing and scheduling scheme is proposed to resolve the resource allocation problem.Additionally,a low-complexity iterative algorithm is introduced to realize the scheme.The numerical results indicate that besides meeting the delay requirements of real-time traffic,the scheme can achieve the tradeoff between throughput and fairness effectively.

Application of Epistemic Utility Theory to Satisfactory Optimization

Satisficing control remains an important concept in decision making. In this paper, a new epistemic utility satisficing control theory is proposed for a new model of complex CMMO （ constrained multi-objective multi degree-of-freedom optimization） system. As well, an epistemic utility function is developed and used to adjust the feasible region of soft constraints. The theory proved in this paper indicates that the utility function not only expresses the subjectivity of the original satisfactory-degree function, but also takes the cost of searching for a solution into account. Thus, the satisfactory-degree function can be adjusted and its rationality can be validated. This theory contributes an analytical method to the inverse satisfactory optimization problem. The findings indicate that this theory has good convergence and outcomes desired for satisfactory-degree functions.

Fair data scheduling in OFDM wireless networks based on maximizing utility

This paper proposes a joint layer scheme for fair downlink data scheduling in muhiuser OFDM wireless networks. Based on the optimization model formulated as the maximization of total utility function with respect to the mean waiting time of user queue, we present an algorithm with low complexity for dynamic subcarrier allocation （DSA）. The decision for subcarrier allocation was made according to delay utility function obtained by the algorithm that instantaneously estimated both channel condition and queue length using an exponentially weighted low-pass time window and pilot signals resPectively. The complexity of algorithm was reduced by varying the length of the time window to make use of time diversity, which provided higher throughput ratio. Simulation results demonstrate that compared with the conventional approach, the proposed scheme achieves better performance and can significantly improve fairness among users, with very limited delay performance degradation by using a decreasing concave utility function when the traffic load increases.

An estimation approach for dividable multiattribute utility of housing via questionnaires of consumers’ ordinal multicriteria preferences

Compared with ordinary commercial products, housing has many special characteristics including the multi-function characteristic. How to evaluate the multi-functional nature of housing is very useful in both theory and in application, yet it is often ignored in China. This paper introduces an approach to estimate the multicriteria function of housing using multiattribute utility theory (MAUT) based on consumers’ ordinal multicriteria preferences as determined via questionnaires. When compared with the classic framework in which MAUT is applied, this approach needs less prior information and subjective comparisons and thus can allay many of the operational difficulties involved in assessment. Some potential applications to the China housing market are also discussed.

Some Likelihood Based Properties in Large Samples: Utility and Risk Aversion, Second Order Prior Selection and Posterior Density Stability

The likelihood function plays a central role in statistical analysis in relation to information, from both frequentist and Bayesian perspectives. In large samples several new properties of the likelihood in relation to information are developed here. The Arrow-Pratt absolute risk aversion measure is shown to be related to the Cramer-Rao Information bound. The derivative of the log-likelihood function is seen to provide a measure of information related stability for the Bayesian posterior density. As well, information similar prior densities can be defined reflecting the central role of likelihood in the Bayes learning paradigm.