The property is a unique product that cannot be contrasted with other commercial products due to pricing conditions. Property price determination is one of the crucial aspects of property development activities because of the profit margin made by the developer and the purchasing preferences. This study attempts to extend the literature that has largely focused on factors of housing prices in developed markets and provided recent evidence of housing price determinants in two countries (i.e., Indonesia and Malaysia). Thus, this study examines the factors affecting housing prices in Jakarta Metropolitan Region and Greater Kuala Lumpur. A quantitative approach was used involving two countries, namely Indonesia and Malaysia. The data was collected using a survey questionnaire through purposive sampling. A total of 100 respondents (Indonesia) and 134 respondents (Malaysia) participated in this study. The data was analyzed using descriptive (frequency) and inferential statistics (chi-square test and multinomial regression). The results indicated that housing location, property funding, and health have a significant effect on residential property prices in Indonesia. Besides that, the results displayed that housing physical design, home design and construction, developer and real estate products, development concepts, housing location, property funding, social status, health, law provisions, and external factors do not affect residential property price in Malaysia. Despite being neighbors, Indonesia and Malaysia have distinct economic and landscape characteristics. Furthermore, considering Indonesia has a higher number of Covid-19 cases than Malaysia, significant information on how the pandemic has affected the demand, cost, and pricing of residential housing in Jakarta and Kuala Lumpur will be provided. The findings of this study will provide recommendations to investors, buyers, and policy about the residential housing industry's prospects for growth in emerging nations following the pandemic.

This study explores the optimal fabrication runtime for a buyer-vendor incorporated system featuring repairable items, stochastic breakdown, accelerated rate, and multi-delivery strategy. Operating in today’s competitive global market, transnational production firms make every effort to meet client requirements in terms of the due date and quality goods. Further, they also must handle all inevitable events incurred in the manufacturing process, such as unanticipated equipment breakdowns and defective products, with caution to avoid production schedule delay and cost overrun. To examine such a vendor-buyer incorporated system, we build a model to characterize the aforementioned features in the system. The function of total system cost is derived through formulation and analyses. The optimization method and a recursive algorithm are employed to help in deriving the optimal (i.e., cost minimization) fabrication runtime for our problem. An example numerically illustrates how our model, method, and algorithm work. It also reveals the capability of our model in analyzing the impact of each and/or joint feature(s) (e.g., the breakdown, accelerated rate, rework, multi-delivery strategy) on the system’s utilization, optimal runtime, total expenses, and individual cost contributor to assist in managerial decision making, and hence, enabling the firm to gain competitive advantage.

This study explores the quality control system featuring visual inspection and grade judgment for detecting distortion defects in spectacle lens fabrication. Spectacle lenses must be precisely curved to help accommodate nearsightedness and farsightedness. The curved shape allows the lens to have different curvatures in different areas during grinding. The spectacle lens will be prone to optical distortion when the curvature changes abnormally. Accordingly, this study proposes an automatic distortion flaw inspection system for spectacle lenses to substitute professional inspectors who rely on empirical judgment. We first apply the digital imaging of a concentric circle pattern through a testing lens to create an image of that lens. Second, the centroid–radii model is employed to stand for the shape property of each concentric circle in the image. Third, by finding the deviations of the centroid radii for detecting distortion flaws through a small variation control method, we obtain a different image showing the detected distortion regions. Four, based on the distortion amounts and locations, we establish the fuzzy membership functions and inference rulesets to measure distortion severity. Finally, the GA-ANFIS model is applied to determine the quality levels of distortion severity for the detected distortion flaws. Trial outcomes reveal that the proposed automatic inspection system can help practitioners in spectacle lens fabrication, for it attains a high 94% correct classification rate of quality grades in distortion severity, 81.09% distortion flaw detection rate, and 10.94% fake alert rate, in distortion inspection of spectacle lenses.

Today, the economic resilience in Indonesia measures using the index approach, but it does not consider the effect of the disturbance and causes meaningless. The index is essentially an average, and the average is not a model that captures the relationship between variables. This research differs significantly from earlier studies that used the index to measure economic resilience. The crucial step in assessing the economic resilience of a city is to determine the economic resilience decision variable itself. If a variable significantly correlates with the disturbance factors in each relationship pattern, it is considered suitable as an economic resilience variable. This study evaluates variable Z as an economic resilience variable with a significant relationship to its disturbance variable. The evaluation method is conducted in-depth by studying Indonesia's cities over five years (2015-2019). Z, the ratio of Original Local Government Revenue (PAD) to the number of poor people in a city as a cost centre, will be evaluated as a prospective decision variable for economic resilience. The statistical relationship between Z and 9 disturbance variables is examined using piecewise linear regression analysis. All 514 cities in Indonesia were observed extensively for identification during a five-year observation period. Rosenbrock pattern search estimation was used to estimate the model parameters. The following results were obtained by analysing the data with the STATISTICA software. As determined by parsimonious analysis, the price of Pertalite fuel and the US dollar foreign exchange are two disturbance factors that are crucial to the fall in the resilience variable Z. The joint effect of these two variables on the decline in the resilience measure Z is 73.63 percent. The study concludes that Z is a city-level economic resilience decision variable that applies to all 514 cities in Indonesia and is measured as the ratio of PAD to the number of poor people. This study's novel contribution to Indonesian policymakers is Z as a new economic resilience decision variable that can be used to assess cities' relative economic resilience.

This study develops a postponement model for the multi-item replenishment decision featuring commonality, an overtime strategy, and product quality reassurance. A single machine is used to meet the steady demand for multiple products wherein product commonality exists among these end products. The proposed postponement model assumes that all pertinent common parts are fabricated in Stage 1 and the finished products are sequentially fabricated in Stage 2. Random nonconformance rates are associated with both fabrication stages, the repairable nonconforming common parts are separated from scrap, and reworking in each cycle helps ensure product quality for each completed batch. An overtime strategy is used to reduce the lengthy fabrication and rework times for common parts. Mathematical analyses and derivation allow us to obtain the total system costs. The optimization method helps find the optimal replenishment decision. We provide a numerical illustration to show (1) how our model works; (2) the individual impact of the system features (e.g., the overtime factor, commonality in terms of the common part completion rate and its relative value, and the issues pertaining to scrap/rework) on the optimal decision, utilization, and the total system cost; and (3) the collective influence of system features on the highlighted problem. This proposed decision-support model helps production managers achieve the operating goals of lowering total system expenses and cutting the length of the production cycle.

In developing countries, child labor has become a significant problem with adverse effects in the present and future for society and individuals. There are many causes that obligate children to abandon school and start working. Economic, social, familiar, and personal problems can expel children from school, inhibiting them from living appropriately. Polls like the ENAHO in Peru tried to recollect relevant data as much as possible to explain this problem. With many variables, it is necessary to have a methodology to build an algorithm with enough explanatory power to explain the situation. Therefore, this research elaborated an algorithm through Lasso to proportionate a statistical explanation of child labor. Due to the type of data, the regression was logistic.

Transportation planning in forest industry is a challenging activity since it involves complex decisions about raw material allocation, vehicle routing and scheduling of trucks arrivals to both harvest areas and the plants. In the Argentine context, specifically in the Argentinean Northeast (NEA) region, the forest industry plays essential role for the economic development and, among the included activities, the transportation is the key element considering the volumes that must be moved and the distances to be traveled. Therefore, enhancing efficiency in the transportation activity improves significantly the performance of this industry. In this work, a Mixed Integer Linear Programming (MILP) model is presented, where raw material allocation, vehicle routing and scheduling of trucks arrivals are simultaneously addressed. Since the resolution times of the proposed integrated MILP model are prohibitive for large instances, a hierarchical approach is also presented. The considered decomposition approach involves two stages: in the first phase, the raw material allocation and vehicle routing problems are solved through a MILP model, while in the second phase, fixing the route for each truck according to the results of the previous step, the scheduling of truck arrivals to both the harvest areas and the plants is solved through a new MILP model. The obtained results show that the proposed approach is very effective and could be easily applied in this industry.

Production managers face the growing trend of rapid-response orders and inevitable production defects and failures; they must carefully measure these factors’ effects to minimize operating expenditures and operational disruption. Inspired by assisting producers decide the optimal runtime policy under these real situations, this work investigates the collective impact of rework, expedited-rate, external source, and machine failures on such a specific fabrication system. A partial outsourcing and expedited manufacturing rate are considered in the studied system to reduce the batch fabricating time. Additionally, defects rework and repair failure machines are implemented to retain the quality and avoid production disruption. Our research scheme consists of (1) developing a model for the mentioned manufacturing characteristics; and (2) analytical and optimization techniques for deciding the best batch runtime decision by minimizing the system’s overall expenses. Lastly, we provide numerical examples to demonstrate the model’s applicability and disclose important, in-depth characteristics that facilitate managerial decision-making.

Layout design and selection often have notable effects on the performance of the manufacturing industry. This research investigates the Multi-Criteria Decision Making (MCDM) approach to find out the optimum plant layout design. The proposed methodology is demonstrated through the real-life setting for the gearbox manufacturing industry. Manual and computerized layout generation approach is used efficiently and accordingly, six layout designs are generated. The approach takes into account qualitative as well as quantitative performance criteria for the selection of layout design. Analytical Hierarchy Process (AHP) is applied to obtain the weight of qualitative measures. Ranking of alternatives is obtained through the application of Technique for Order Preference by Similarity to Ideal Solution (TOPSIS) and Weighted Aggregated Sum-Product Assessment (WASPAS) both integrated with the Entropy method. Empirical findings indicate that the rank acquired using the TOPSIS method is perfectly parallel to those acquired through the WASPAS method, which confirms the applicability and potential of these methods. Also, the effect of the parameter λ in WASPAS method on performance score is stable. At the same time, this paper analyses the rank reversal phenomenon and proves that the ranking proposed by TOPSIS satisfies ranking stability.

Capacitated Vehicle Routing Problem (CVRP) is considered as one of the most famous specialized forms of VRP that has attracted considerable attention from researchers. This problem belongs to complex combinatorial optimization problems included in the NP-Hard Problem category, which is a problem that needs difficult computation. This paper presents an improvement of Ant Colony System (ACS) to solve this problem. In this study, the problem deals with a few vehicles which are used for transporting products to specific places. Each vehicle starts from a main location at different times every day. The capacitated vehicle routing problem (CVRP) is defined to serve a group of delivery customers with known demands. The proposed study seeks to find the best solution of CVRP by using improvement ACS with the accompanying targets: (1) To decrease the distance as long distances negatively affect the course of the process since it consumes a great time to visit all customers. (2) To implement the improvement of ACS algorithm on new data from the database of CVRP. Through the implementation of the proposed algorithm better results were obtained from the results of other methods and the results were compared.