• International conference on construction engineering and project management
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• 2015.10a
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• pp.97-100
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• 2015

Analysis of construction tender documents in overseas projects is a very important issue from a risk management point of view. Unfortunately, majority of construction firms are biased by winning contracts without in-depth analysis of tender documents. As a result, many contractors have incurred loss in overseas projects. Although a lot of risk analysis techniques have been introduced, most of them focus project's external unexpected risks such as country conditions and owner's financial standing. However, because those external risks are difficult to control and take preemptive action, we need to concentrate on project inherent risks. Based on this premise, this paper proposes a project-oriented risk mining approach which could detect and extract project risk factors automatically before they are materialized and assess them. This study presents a methodology regarding how to extract potential risks which exist in owner's project requirements and project tender documents using state of the art data analysis method such as text mining, data mining, and information visualization. The project-oriented risk mining approach is expected to effectively reflect project characteristics to the project risk management and could provide construction firms with valuable business intelligence.

• Journal of Construction Engineering and Project Management
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• v.3 no.1
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• pp.14-21
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• 2013

To analyze building energy consumption, the building description for building energy performance analysis (BEPA) is required. The required data input for subject building is a basic step in the BEPA process. Since building information modeling (BIM) is applied in the construction industry, the required data for BEPA can be gathered from a single international standard file format like IFCXML. However, in most BEPA processes, since the required data cannot be fully used from the IFCXML file, a building description for BEPA must be created again. This paper proposes IFCXML-based automatic data input approach for BEA. After the required data for BEPA has been defined, automatic data input for BEPA is developed by a prototype system. To evaluate the proposed system, a common BIM file from the BuildingSMART website is applied as a sample model. This system can increase the efficiency and reliability of the BEPA process, since the data input is automatically and efficiently improved by directly using the IFCXML file..

• International conference on construction engineering and project management
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• 2013.01a
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• pp.173-180
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• 2013

To analyze building energy consumption, the building description for building energy performance analysis (BEPA) is required. The required data input for subject building is a basic step in the BEPA process. Since building information modeling (BIM) is applied in the construction industry, the required data for BEPA can be gathered from a single international standard file format like IFCXML. However, in most BEPA processes, since the required data cannot be fully used from the IFCXML file, a building description for BEPA must be created again. This paper proposes IFCXML-based automatic data input approach for BEA. After the required data for BEPA has been defined, automatic data input for BEPA is developed by a prototype system. To evaluate the proposed system, a common BIM file from the BuildingSMART website is applied as a sample model. This system can increase the efficiency and reliability of the BEPA process, since the data input is automatically and efficiently improved by directly using the IFCXML file.

• International conference on construction engineering and project management
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• 2015.10a
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• pp.232-235
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• 2015

Defect data contains experiential knowledge about specific work conditions. And the number of projects performed by a company is too limited for an individual to experience the various defects under the current complex construction environment. Therefore, in order to manage and prevent a reoccurrence of defects, a proper data feedback mechanism is required. However, most defect data are stored in unstructured ways, resulting in the fundamental problem of data utilization. In this paper, a new framework is proposed by using linked data technologies to improve defect data utilization. The target of this framework is to convert defect data to the ontology-based linked data format for sharing defect data from different data sources. To demonstrate it, some technical solutions are implemented by using real cases. The proposed approach can reduce data search time and improve the accuracy of search results as well. Moreover, the proposed approach can be applied to other domains that need to refer to external sources such as safety, specification, product, and regulation.

• Journal of the Korean Operations Research and Management Science Society
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• v.35 no.2
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• pp.19-35
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• 2010

Many papers have used a two-stage approach of first calculating DEA efficiency scores and then seeking to correlate these scores with various environmental variables. Most of the studies have not checked whether such a two-stage approach is statistically valid for identifying significant environmental variables. Recently Simar and Wilson (2007) (SW) introduce a sensible data generating process and bootstrap procedure based on truncated regression for the two-stage approach. Banker and Natarajan (2008) (BN) provide a statistical foundation for the two-stage approach comprising a DEA followed by an ordinary least squares or maximum likelihood estimation. Researchers have to identify an approach suitable for their research circumstances in terms of properties, merits, demerits, and robustness to plausible departures from its chosen data generating process. We summarize the foundations and properties of the two-stage procedures suggested by SW and BN. And we discuss merits and demerits of those procedures. Also using Monte Carlo simulation we assess their relative performance under several misspecified settings.

• Korean Management Science Review
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• v.24 no.1
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• pp.91-111
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• 2007

In this paper an effective two-phase approach adopting modified p-median mathematical model is proposed for grouping machines and parts in cellular manufacturing(CM). Unlike the conventional methods allowing machines and parts to be improperly assigned to cells and families, the proposed approach seeks to find the proper block diagonal solution where all the machines and parts are properly assigned to their most associated cells and families in term of the actual machine processing and part moves. Phase 1 uses the modified p-median formulation adopting new inter-machine similarity coefficient based on the non-binary production data-based part-machine incidence matrix(PMIM) that reflects both the operation sequences and production volumes for the parts to find machine cells. Phase 2 apollos iterative reassignment procedure to minimize inter-cell part moves and maximize within-cell machine utilization by reassigning improperly assigned machines and parts to their most associated cells and families. Computational experience with the data sets available on literature shows the proposed approach yields good-quality proper block diagonal solution.

• Korean Management Science Review
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• v.28 no.3
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• pp.73-82
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• 2011

Basel II advanced measurement approaches for operational risk need to estimate the frequency and severity distribution of operational losses. Due to lack of internal loss data, the estimation is impossible in many cases and so external loss data might be used by scaling on asset or gross income. To get around lack of loss data, scenario analysis combined with loss distribution approach can be useful in calculating the capital charge of operational risk. However, scenario based loss distribution approach requires much time and effort. Instead we may apply the analytic hierarchy process to measure operational risk of financial institutions. The analytic hierarchy process combined with loss distribution approach is to estimate the capital charge of operational risk in other areas based on the operational VaR in an area with sufficient loss data. AHP provides a tool for timely measurement of operational risk in this rapidly changing global environment.

• Proceedings of the Korea Database Society Conference
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• 1999.06a
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• pp.125-133
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• 1999

The objective of knowledge discovery and data mining lies in the generation of useful insights from a store of data. This paper presents a framework for knowledge mining to provide a systematic approach to the selection and deployment of tools for automated learning. Every methodology has its strengths and limitations. Consequently, a multistrategy approach may be required to take advantage of the strengths of disparate technique while circumventing their individual limitations. For concreteness, the general framework for data mining in marketing is examined in the context of developing agents for optimizing a supply chain network.

• Korean Journal of Computational Design and Engineering
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• v.22 no.1
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• pp.80-88
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• 2017

Product data analytics (PDA) is a data-driven analysis method that uses product data management (PDM) databases as its operational data. It aims to understand and evaluate product development processes indirectly through the analysis of product data from the PDM databases. To educate and train PDA efficiently, this study proposed an approach that employs courses for both product development and PDA in a class. The participant group for product development provides a PDM database as a result of their product development activities, and the other group for PDA analyses the PDM database and provides analysis result to the product development group who can explain causes of the result. The collaboration between the two groups can enhance the efficiency of the education and training course on PDA. This study also includes an application example of the approach to a graduate class on PDA and discussion of its result.

• Knowledge Management Research
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• v.18 no.1
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• pp.67-81
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• 2017

As the important breakthrough continues in the field of machine learning and artificial intelligence recently, there has been a growing interest in the analysis and the utilization of the big data which constitutes a foundation for the field. In this background, while the economic value of the data held by the corporates and public institutions is well recognized, the research on the evaluation of its economic value is still insufficient. Therefore, in this study, as a part of the economic value evaluation of the data, we have conducted the economic value measurement of the data generated through the small business guarantee program of Korean Federation of Credit Guarantee Foundations (KOREG). To this end, by examining the previous research related to the economic value measurement of the data and intangible assets at home and abroad, we established the evaluation methods and conducted the empirical analysis. For the data value measurements in this paper, we used 'cost-based approach', 'revenue-based approach', and 'market-based approach'. In order to secure the reliability of the measured result of economic values generated through each approach, we conducted expert verification with the employees. Also, we derived the major considerations and issues in regards to the economic value measurement of the data. These will be able to contribute to the empirical methods for economic value measurement of the data in the future.