• Title/Summary/Keyword: Business Judgement

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A Selection Model For Power Plant Project Delivery Method (화력발전소 발주방식 비교를 통한 적정 발주방식 선정 모형)

  • Kim, Sun-Kuk;Park, Jong-Kyoo;Park, Chan-Sik;Son, Ki-Young
    • Korean Journal of Construction Engineering and Management
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    • v.8 no.1 s.35
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    • pp.66-77
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    • 2007
  • With the electricity industry structure reformation of the government in April, 2001, Korea Power Electric Corporation was divided in to Korea water power nuclear power and 5 thermal power plant. After, various delivery method is introduced and applied for active profit creation according to the competition between each development companies for the public company privatization. However, the current situation does not satisfy the project participant by selecting the delivery method without reflecting the business goal and project characteristics of power plant construction business. The objective of this study is to research the influencing factors that should be considered to select the delivery method in thermal power construction business and develop a standard of selection of appropriate delivery method through questionnaire and interviews to establish a model to select the delivery method that fits the business goal of the subject of delivery. In the future, if the delivery method selection model suggested in this study is applied, it is expected to select the appropriate delivery method of power plant construction business by effectively reflecting the business goal, characteristics and demand of the delivery subject, and characteristics of the construction business apart from the existing customary practices that decided the delivery method dependent on the subjective and experience based judgement.

An Exploratory Research for the Conceptualization Failure knowledge (실패지식의 개념화를 위한 탐색적 연구)

  • Shim, Hyungseok
    • Knowledge Management Research
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    • v.12 no.4
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    • pp.121-132
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    • 2011
  • Failure, the research object, means situations when goals and their results are different, which has developed presenting various aspects from ancient times and modern times. Failure is a complex concept which essentially requires judgement, and also a relative concept which can be changed depending on how you set up time base and standard. There are four stages for failure study to have been developed from studying failure through historical facts to the approach of organizational theory and it has been studied by looking at the failure of an organization according to different categories such as a developmental stage, a type of business, a period and a course. Compared with success science, failure study has not been studied sufficiently and also the level of its analysis is low. Thus, since lessons of failure tend to repeat themselves instead of being didactically accumulated, there need more studies on this. This thesis identified the main cause of the failure through various studies regarding failure which have been conducted at home and abroad. What the main cause of the failure that more than three studies mentioned have in common was that it occurred because organizations concentrated on the inside without communicating with external environment. The key point of failure study is to analyze failure, utilize it as assets, and create a frame of failure management. This thesis focused on delivering fragmentary knowledge on failure study, but case studies regarding this subject should be done in the future.

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Liquefaction Judgement on Saemangeum with GIS (새만금지역에서 GIS를 이용한 광역액상화 판정)

  • Song, Byung-Woong;Kim, Gun-Ho;Yoo, Jin-Ho;Kim, Hong-Taek
    • Proceedings of the Korean Geotechical Society Conference
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    • 2010.09a
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    • pp.49-59
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    • 2010
  • Earthquake-induced liquefaction on saturated loose sand is well known in the world. Since Saemangeum Dike Project has a plan to be reclaimed with dredged sand on wide river, possibility of liquefaction should be checked. Section Dongjin5 was selected to evaluate possibility of liquefaction. Estimating method follows as 1) determination of PL value with SPT results, passing curve, and soil properties, 2) prediction for maximum earthquake acceleration, 3) calculation for FL value on depth with Korean specification for highway bridges, 4) visualization for possibility of liquefaction on all of project area with GIS 5) comparison with Japanese specification for highway bridges, Youd and Idriss method, and Andrus and Stokoe II method for verification, 6) ascertainment for the potential liquefaction with cyclic triaxial test. 7) establishing for countermeasure if needed. From the results, even though most of area covered with sand, no potential liquefaction exists except some areas. Those need to soil improvement with grout or attaching measurement on substructure.

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Deming prize and malcolm baldrige national quality award

  • Ryu, Seewon;Jo, Hongkyu;Heo, Jaeho
    • Proceedings of the Korean Operations and Management Science Society Conference
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    • 1995.04a
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    • pp.827-844
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    • 1995
  • Total Quality Management (TQM) is the aggregated management philosophy for quality including production, operation, human resource, leadership, marketing, and etc. TQM is the advanced concept and philosophy rather than traditional "Quality Control" or "Quality Assurance". Nowadays, downstream costs has been increased, that made cost accountants' attention to costs of quality. Many countries have developed their own quality awards system in order to improve overall national quality level. The Deming Prize of Japan and Malcolm Baldrige National Quality Award (MBNQA) of United States are two representatives of quality prizes. We compared the two awards by means of their history, objective, coverage, and judging criteria. Deming Prize has a longer history than MBNQA. Deming Prize selects five winners a year, while MBNQA has two or three areas. The biggest difference is judgement criteria. The Deming Prizes focuses on statistical control which is a traditional quality control method, while MBNQA concentrates on modem business concept such as customer satisfaction. The suggestions to these awards are: evaluate more on information of quality; evaluate more on inter-functional relationship between quality control function and other link more financial success.e financial success.

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The Effect of the Perceived Interactivity, Trust, and Flow by on the Purchase Intention of the Fashion Merchandise between Different Internet Shopping Mall Types (인터넷 쇼핑몰 유형에 따른 지각된 상호작용성, 신뢰, Flow가 패션상품 구매의도에 미치는 영향)

  • Na, Youn-Kue;Suh, Hyun-Suk
    • Fashion & Textile Research Journal
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    • v.11 no.5
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    • pp.720-731
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    • 2009
  • The current study investigates the customer's perceived interactivity, perceived trust, and flow of the Internet shopping-mall. The TAM(Technology Acceptance Model) was applied to see the effect on the individual's attitude toward the shopping-mall via purchase intention. To fulfill the study objectives, a total of 806 questionnaires were distributed to the customers with first-hand experience with fashion merchandise in Internet shopping-mall. The judgement sampling method was employed on sample population ages from 20's to 40's over one month period. The result showed the following. First, the perceived interactivity had an effect on perceived trust, usefulness, Flow in all shopping mall types. but there was no effect in the relationship between the two-way Interactivity and the perceived usefulness in the Specialty Internet Shopping-mall model. Second, perceived trust and Flow had an effect on perceived usefulness in all shopping mall types. Third, perceived trust, usefulness and Flow had an effect on the attitude toward shopping-mall in all shopping mall types. Forth, perceived trust, usefulness, Flow and attitude toward shopping-mall had an effect on purchase intention of fashion merchandise in all shopping mall types.

An Analysis of a Causal Relationship between a Franchise Coffee Shop's Servicescape Factors and the Ability to Provide Service with Customer Satisfaction and Loyalty

  • Hwang, Gyu-Sam;Kim, Hye-Sook;Lee, Sang-Youn
    • Journal of Distribution Science
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    • v.14 no.7
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    • pp.33-44
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    • 2016
  • Purpose - This study aims to provide domestic franchise coffee shops with useful information by analyzing the impact of servicescape and the ability to provide service on the customer satisfaction and loyalty in franchise coffee shops in Seoul. Research, data, and Methodology - The data were collected for a month from 1st in February, 2016 through judgement sampling. Then, the available collected data were analyzed with SPSS 19.0 package. Results - The results from this study are as follows. First, the servicescape factors, which have impact on a franchise coffee shop's customer satisfaction, are determined to be interior, cleanliness and coziness. Next, the ability to provide service affects customer satisfaction. Third, servicescape factors have impacts on customer satisfaction. Also, the service from a coffee shop affects customer loyalty. Therefore, a customer's satisfaction through services of a coffee shop has an impact on customer loyalty. Conclusions - It is important to have not only the ability to provide service but also servicescape factors, such as interior, cleanliness and coziness in order to be distinct from other competitors. These difference might create customer satisfaction and retention which will bring profits.

A Study on the Binding Force of Drawbead in the Sheet Metal Forming Process through the finite element and experimental analysis (해석과 실험을 통한 박판성형공정에서의 드로오비드의 구속력에 관한 연구)

  • Bahn, Gab-su;Mo, Chang-ki;Suh, Eui-kwon
    • Journal of the Korean Society of Industry Convergence
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    • v.10 no.1
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    • pp.5-14
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    • 2007
  • It is necessary for development of drawing product with press to have suitable material selection & all process design and the problem during press process has been cleared from judgement of experience & trial and error. Recently we can estimate press process result from computer aided design & FEM. But we can get more reliable result when we can put more precise process variants during FEM. In case of using a drawbead that is used for the material inflow, it is considered for us to put material property, other analysis condition & friction figure when material is passing through the drawbead for better FEM. From our study, we have drawn an analogy bead connection depth, friction figure & drawing and restraining load according to kinds of lubrication from experiment & FEM for the drawbead. We applied above result to the drawing experiment & FEM and confirmed the validity. We could notice the relation between friction figure & drawing load and the friction figure variation according to kinds of lubrication. It is expected to draw more precise analogy that can be used for real process due to more precise process variants application to FEM.

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Domestic current situation and Improvement plan Consideration of Electricity Design&Supervision System (전기설계.감리제도의 국내.외 현황 및 개선방안 고찰)

  • Nam, Gi-Beom;Lee, Jong-Hyeok;Jeon, Yeong-SU;Yang, Sun-Sik
    • Proceedings of the KIEE Conference
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    • 2005.11c
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    • pp.14-18
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    • 2005
  • The Reason of collapse accidents, Seongsu bridge Accident in 1994 and Sampung department store Accident in 1995 and so on, that is found out to the shortage construction. Consequently, depending on orderer's self-regulating judgement the meanwhile, Electricity Technique Administration Law in 1995 owes at the public opinion to need the plan of a law system device about the electricity design and supervision and is born. This various issue problem, the combined ordering with Constructing, Electricity, fire-fighting, Information & Communication and so on, field problem, low cost services, the problem about the selection procedure of the design and supervision businessman, the business range between general and specialized, which the system appears as are carried out have been risen. Therefore basic solution plan about this have been desired. We consider a domestic current situation about an electricity design supervision system in this paper, and try to present the plan for healthy upbringing development of the electricity industry through this.

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Effects of Gratitude and Anticipation on Satisfaction: A Case Study in Indonesia

  • NOEGROHO, Gatoet Gembiro;SUHARYONO, Suharyono;SOLIMUN, Solimun;YULIANTO, Edy
    • The Journal of Asian Finance, Economics and Business
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    • v.8 no.2
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    • pp.1215-1224
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    • 2021
  • This research aims to discuss the relationship between the courage, anticipation, and satisfaction comprehensively. This study will be complemented by gratitude as a variable that moderates the relationship between courage and anticipation, as well as the relationship between the courage and satisfaction. The large area as survey location is the reason for sampling conducted in 2 stages: (1) taking 15 districts through judgement sampling, (2) allocated sub-districts sample through proportional random sampling. The sample used in this study were 155 sub-districts in East Java. Respondents in each sub-district consisted of 1 farmer and 1 field extension officer to get a total of 310 respondents. The analysis method used to test the hypothesis was Structural Equation Modeling (SEM). The findings of this research are: (1) The courage of field extension officers' have a positive but non-significant direct effect on farmers' anticipation, however, the effect significantly strengthen with religiosity as moderation; (2) The courage of field extension officers' and farmers' anticipation have a significant and positive effect on satisfaction. This study will be complemented by gratitude as a variable that moderates the relationship between the courage and anticipation, as well as the relationship between courage and satisfaction.

A Study of the Recognition and Enforcement of Foreign Arbitral A wards in Korea (우리나라에서 외국중재판정의 승인과 집행에 관한 고찰)

  • Kim, Yong-Kil
    • Journal of Arbitration Studies
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    • v.20 no.3
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    • pp.3-24
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    • 2010
  • In the approaching 21th century, the outstanding development in international trade and commerce has established arbitration as the preferred form of dispute resolution on international business transaction. Because the form of commercial dispute becomes more complicated and varied with the quantitative increase of them, the reasonable and rapid settlement of them must be the important problem simultaneously. In this article, the author discusses various issues on the recognition and enforcement of an foreign arbitral awards under Korean Arbitration Act, which is modeled after the Model Law on International Commercial Arbitration of the UNCITRAL of 1985. The Dec. 31, 1999 amendment to the Korean Arbitration Act admits the basis for enforcement of foreign arbitral awards rendered under United Nations Convention on the Recognition and Enforcement of Foreign Arbitral Awards of 1958(commonly known as the New York Convention). Korea has acceded to the New York Convention since 1973. When acceding to the convention, Korea declared that it will apply the Convention to the recognition and enforcement of awards made only in the territory of anther Contracting State on the basis of reciprocity. Also, Korea declared that it will apply the Convention only to differences arising out of legal relationships, whether contractual or not, which are considered as commercial under the national law of Korea. The provision relating to the enforcement of arbitral awards falling under the New York Convention consists of Article III, IV, V. In particular, Article V of the New York Convention enumerates the grounds for refusal of recognition foreign arbitral awards. The grounds are separated into two categories : One that abides by procedures and the others are based on national legal sovereignty. In Korea, a holder of a foreign arbitral award is obliged to request from the court a judgment ordering enforcement of awards. Because Korea requires enforcement to be based on a judgement, the result is that arbitral of award holders are forced to institute domestic litigation.

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