In this paper, we consider a risk model in which two types of individual claims, main claims and by-claims, are defined. Every by-claim is induced by the main claim randomly and may be delayed for one time period with...In this paper, we consider a risk model in which two types of individual claims, main claims and by-claims, are defined. Every by-claim is induced by the main claim randomly and may be delayed for one time period with a certain probability. The dividend policy that certain amount of dividends will be paid as long as the surplus is greater than a constant dividend barrier is also introduced into this delayed claims risk model. By means of the probability generating functions, formulae for the expected present value of total dividend payments prior to ruin are obtained for discrete-type individual claims. Explicit expressions for the corresponding results are derived for K n claim amount distributions. Numerical illustrations are also given.展开更多
We discuss five areas of inventory model, including reusable raw material, EPQ model, optimization, random planning horizon and present value. In the traditional EPQ model, the stock-holding cost of raw material was n...We discuss five areas of inventory model, including reusable raw material, EPQ model, optimization, random planning horizon and present value. In the traditional EPQ model, the stock-holding cost of raw material was not counted as a part of relevant cost. We explored the possibility of reducing a company’s impact on the environment and increasing their competitiveness by recycling their repair and waste disposal. The products are manufactured with reusable raw material. Our analysis takes into account the time value, and the present value method is applied to determine the optimal inventory policies for reusable items with random planning horizon. Results show how the heuristic approach can achieve global optimum. Numerical examples are given to validate the proposed system.展开更多
The classical economic production quantity (EPQ) assumes that the replenishments are instantaneous. As a manager of a factory, there is a problem must be taken into consideration. If the establishment buys all of the ...The classical economic production quantity (EPQ) assumes that the replenishments are instantaneous. As a manager of a factory, there is a problem must be taken into consideration. If the establishment buys all of the raw materials at the beginning, the stock-holding cost for the raw materials should be counted into the relevant costs. So the main purpose of this paper will add the raw materials stock-holding cost to the EPQ model and take the time value of money into consideration. Therefore, we will calculate the present value and compare the difference between take and does not take the time value of money into consideration. From these procedures of calculating, we found some interesting results: 1) the present value of total stock-holding cost of raw materials plus products from the beginning to time t is the same as the stock-holding cost of classical economic order quantity (EOQ) model;2) the present value of total relevant cost is independent of the production rate (if the production rate is greater than the demand rate);3) the optimal cycle time of total relevant cost not taking the time value into consideration is the same the optimal cycle time of classical EOQ model;4) the purchasing cost per unit time is irrelevant to time.展开更多
Active exploitation of solar energy is achieved in systems that absorb this energy through flat collectors. Hot water can be used for space heating, when its temperature is high, but it is used largely for DHW （domes...Active exploitation of solar energy is achieved in systems that absorb this energy through flat collectors. Hot water can be used for space heating, when its temperature is high, but it is used largely for DHW （domestic hot water） needs. Now days, this technology has resulted as the most viable for exploitation of solar energy, and various countries such as Israel, Turkey, and Greece provide hot water for residential and service sectors using systems of solar panels. In this proceeding we are writing about the dimension of the solar panels surface based to the net present value in Hotels of Albania.展开更多
As for the dispute about the best-choosing method of mutually-exclusive scheme and index selection, this text proves that there is an error to make a point that using net present value rate or net annual value rate, t...As for the dispute about the best-choosing method of mutually-exclusive scheme and index selection, this text proves that there is an error to make a point that using net present value rate or net annual value rate, the most scientific and effective method is chain-system differential analysis and the most short-cutting method is the method of net annual value, to select the NA V maximum scheme.展开更多
This paper introduces a new approach for measuring shareholder value creation （called adjusted economic profit （EP）） which combines the advantages of both EP and APV （adjusted present value） methods. In particul...This paper introduces a new approach for measuring shareholder value creation （called adjusted economic profit （EP）） which combines the advantages of both EP and APV （adjusted present value） methods. In particular, the shareholder value creation over a period is derived as the sum of two components： the EP relating purely to the operations of the company and the EP generated each period due to the tax benefit that arises from debt financing. We consider our results to be important for analysts and decision makers involved in appraising business performance or making investment decisions and HR professionals as well.展开更多
基金The NSF (11201217) of Chinathe NSF (20132BAB211010) of Jiangxi Province
文摘In this paper, we consider a risk model in which two types of individual claims, main claims and by-claims, are defined. Every by-claim is induced by the main claim randomly and may be delayed for one time period with a certain probability. The dividend policy that certain amount of dividends will be paid as long as the surplus is greater than a constant dividend barrier is also introduced into this delayed claims risk model. By means of the probability generating functions, formulae for the expected present value of total dividend payments prior to ruin are obtained for discrete-type individual claims. Explicit expressions for the corresponding results are derived for K n claim amount distributions. Numerical illustrations are also given.
文摘We discuss five areas of inventory model, including reusable raw material, EPQ model, optimization, random planning horizon and present value. In the traditional EPQ model, the stock-holding cost of raw material was not counted as a part of relevant cost. We explored the possibility of reducing a company’s impact on the environment and increasing their competitiveness by recycling their repair and waste disposal. The products are manufactured with reusable raw material. Our analysis takes into account the time value, and the present value method is applied to determine the optimal inventory policies for reusable items with random planning horizon. Results show how the heuristic approach can achieve global optimum. Numerical examples are given to validate the proposed system.
文摘The classical economic production quantity (EPQ) assumes that the replenishments are instantaneous. As a manager of a factory, there is a problem must be taken into consideration. If the establishment buys all of the raw materials at the beginning, the stock-holding cost for the raw materials should be counted into the relevant costs. So the main purpose of this paper will add the raw materials stock-holding cost to the EPQ model and take the time value of money into consideration. Therefore, we will calculate the present value and compare the difference between take and does not take the time value of money into consideration. From these procedures of calculating, we found some interesting results: 1) the present value of total stock-holding cost of raw materials plus products from the beginning to time t is the same as the stock-holding cost of classical economic order quantity (EOQ) model;2) the present value of total relevant cost is independent of the production rate (if the production rate is greater than the demand rate);3) the optimal cycle time of total relevant cost not taking the time value into consideration is the same the optimal cycle time of classical EOQ model;4) the purchasing cost per unit time is irrelevant to time.
文摘Active exploitation of solar energy is achieved in systems that absorb this energy through flat collectors. Hot water can be used for space heating, when its temperature is high, but it is used largely for DHW （domestic hot water） needs. Now days, this technology has resulted as the most viable for exploitation of solar energy, and various countries such as Israel, Turkey, and Greece provide hot water for residential and service sectors using systems of solar panels. In this proceeding we are writing about the dimension of the solar panels surface based to the net present value in Hotels of Albania.
文摘As for the dispute about the best-choosing method of mutually-exclusive scheme and index selection, this text proves that there is an error to make a point that using net present value rate or net annual value rate, the most scientific and effective method is chain-system differential analysis and the most short-cutting method is the method of net annual value, to select the NA V maximum scheme.
文摘This paper introduces a new approach for measuring shareholder value creation （called adjusted economic profit （EP）） which combines the advantages of both EP and APV （adjusted present value） methods. In particular, the shareholder value creation over a period is derived as the sum of two components： the EP relating purely to the operations of the company and the EP generated each period due to the tax benefit that arises from debt financing. We consider our results to be important for analysts and decision makers involved in appraising business performance or making investment decisions and HR professionals as well.
