To express each of the numbers in scientific notation:
- 123,893 can be written as \(1.23893 \times 10^5\).
- 31,892 can be written as \(3.1892 \times 10^4\).
- 12,786 can be written as \(1.2786 \times 10^4\).
Now let's compare them:
- \(1.23893 \times 10^5\) (which is \(123,893\))
- \(3.1892 \times 10^4\) (which is \(31,892\))
- \(1.2786 \times 10^4\) (which is \(12,786\))
Since \(10^5\) is greater than \(10^4\), we know \(123,893\) is the largest.
Now, comparing the two numbers that are in the same power of ten:
- \(3.1892 \times 10^4\)
- \(1.2786 \times 10^4\)
Here, \(1.2786 < 3.1892\), so \(12,786\) has the least value.
Therefore, the number with the least value is:
\[ \boxed{1.2786 \times 10^4} \]